The increasing sales of electric and hybrid vehicles are driving the demand for electric coolant pumps

Electric Coolant Pumps Category - Procurement Intelligence

The electric coolant pumps category is expected to grow at a CAGR of 16.5% from 2023 to 2030. In 2022, the Asia Pacific region dominated the e-pumps category with 40% of the total share. Some of the key factors influencing the sales of electric vehicles (EVs) include the rising levels of vehicle pollutants, rising fuel prices, and the incentives provided by different governments to encourage the use of EVs. All these factors are in turn driving the demand for electric coolant pumps. Fluctuations in the prices of raw materials are expected to hamper the category's growth.

Supply chain problems in various regions, particularly in Europe, were aggravated by the Russian-Ukrainian war in 2022. This in turn affected the general pricing dynamics of the electric pump category. Germany was obliged to severely scale back or, in some cases, cease its automotive activities as a result of the crisis, which made the country's economy worse. Raw materials are sourced from different countries, which means the supply and cost of these raw materials are highly vulnerable to fluctuations in commodity markets and currency exchange rates. Customizations and modifications, the types of rotors and motor material utilized, vehicle type/application (such as EV or commercial vehicles), material thickness, etc. are a few more aspects that may also have an impact on the final cost.

Suppliers actively launch new products with better thermal capabilities, collaborate or engage with different OEMS, expand product lines, etc. A few examples are:

• In November 2022, Robert Bosch added 10 new variants to its electric coolant pump portfolio. The company has been continuously expanding its coolant pump range since 2019. Over the last three years, the company has added 39 variants of coolant pumps to the range. The company’s electric coolant pump portfolio consists of 50 variants, with 14 variants, especially for hybrid and electric vehicles. The entire range caters to 60% of passenger cars and vans in Europe.

• In September 2022, Engineered Machine Products (EMP), a subsidiary of Concentric AB, introduced high-voltage water pumps for application in large vehicles (mainly heavy duty). The new electric pumps, designated WP150 HV, are constructed to operate at a high voltage of 500 to 850V. It has a maximum output of 3kw of power, depending on the application requirements.

• In April 2022, an order was awarded to Concentric AB for the distribution and creation of e-pumps for a global bus, truck, and construction OEM. The agreement envisaged Concentric providing high-voltage electric coolant pumps for FCEVs (Fuel Cell Electric Vehicles). The DC brushless coolant pumps would be used to cool fuel cells.

• In November 2021, Gates Corporation introduced the advanced thermal pro electric water pump for EVs. As a result of its "ThermalPro e-pump platform", the pump can be used for a variety of requirements between 100 W and 3 KW.

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Electric Coolant Pumps Sourcing Intelligence Highlights

• The global electric coolant pumps category is highly fragmented. Several new announcements are being made in this e-pumps category along with the electric vehicle market. Manufacturers like BMW, Tesla, and Ford are concentrating on producing electric vehicles and manufacturing automotive components.

• The presence of significant players, such as Rheinmetall AG, Mahle, AISIN, and Gates Corporation, with a better hold on the market results in a moderate threat of new entrants. The need for high capital investment at the initial level to set up a new manufacturing plant and high R&D costs also hinder the entry of new players into the e-pumps category.

• Some of the major cost components are raw materials, technology, engineering, and design, machinery, electronics, and motors, labor, facilities, and transportation and distribution.

• The most preferred countries for sourcing electric coolant pumps are China, Mexico, and Germany.

Electric Coolant Pumps Procurement Intelligence Report Coverage

Grand View Research will cover the following aspects in the report:

• Category Intelligence along with emerging technology and regulatory landscape

• Market estimates and forecasts from 2022 to 2030

• Growth opportunities, trends, and driver analysis

• Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments

• Porter’s 5 forces

• Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis

• Engagement and operating models, KPI, and SLA elements

• LCC/BCC analysis and negotiation strategies

• Peer benchmarking and product analysis

• Market report in PDF, Excel, PPT, and online dashboard versions 

Cost Intelligence Highlights

Grand View Research has identified the following key cost components for the Electric Coolant Pumps category:

• Raw Materials

• Technology, Engineering, and Design

• Machinery, Electronics, and Motor

• Labor

• Facilities

• Transportation and Distribution

• Others

Raw Materials, technology - engineering - design, machinery - electronics - motor, and labor form the largest cost components of the Electric Coolant Pumps category.

List of Key Suppliers in the Electric Coolant Pumps Category

• Hanon Systems Co. Ltd

• Robert Bosch

• Rheinmetall AG.

• MAHLE GmbH

• Sanhua Automotive

• Hitachi Astemo, Ltd.

• AISIN CORPORATION

• Continental AG

• Johnson Electric Holdings Limited

• Dayco, LLC

• SHW AG

• Concentric AB

• Valeo