ELECTRIC COOLANT PUMP MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Regional Analysis

Electric Coolant Pump Market Regional Insights

• The Asia Pacific market is expected to be the largest market for electric coolant pump, accounting for over 45% of the market share in 2022. The growth of the market in this region is attributed to rapid vehicle electrification and the implementation of stringent emission standards in China, Japan, and India.
• North America is expected to be the second-largest market for electric coolant pump during the forecast period, accounting for over 25% of the market share in 2022. The growth of the market in North America is attributed to the high production of pickup trucks and SUVs, along with increasing hybrid and electric vehicle sales.
• The Europe market is expected to be the fastest-growing market for the second-largest market for electric coolant pump, accounting for over 20% of the market share in 2022. The growth of the market in Europe is attributed to the rising adoption of mild hybrid and electric vehicles.

Figure 1. Global Electric Coolant Pump Market Share (%), by Region, 2023

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East & Africa: GCC Countries, Israel,  South Africa, North Africa, and Central Africa and Rest of Middle East