Global Engine Cooling Pump Market Overview:
Engine cooling pump refers to a pump that is used to recirculate coolant which is used to transfer away from an engine that generates heat as a by-product after extensive use. They are generally used in cars to keep the engine cool which would ultimately increase the efficiency and life of the engine. Almost every car with an internal combustion engine has an engine cooling pump to dissipate the heat. Engine cooling pump ensures that the engine gets sufficiently cooled at low as well as high RPMs. Some pumps can provide automotive cooling which leads to better air conditioning. With the increase in electric and hybrid vehicles the demand for engine cooling pumps is set to be increasing even further although electric vehicles do not need as extensive cooling as combustion vehicles.
- Increasing Demand of Engine Cooling Pump in Automotive Sector
- Growing Number of Complex Engines Which Require Cooling
- Increasing R&D in The Innovation of Engine Cooling Pump
- Rise of Electric Cars Which Do Not Use Extensive Engine Cooling Like Combustion Vehicles
- Stringent Regulations on Carbon Emission Contributing Towards Demand of Engine Cooling Pump
- Booming Auto Market in China and India
- Thin Margins Due to High Number of Manufacturers of Engine Cooling Pump
- Cooling Pump Might Add Significant Weight to The System
With the increasing number of sales of cars, the demand for engine cooling pumps is also increasing. Engine cooling pumps require to regulate coolant or water to keep the temperature cool. North America creates most of the demand in this market however, the focus will shift to Asia with the increasing demand for vehicles that require cooling in this market. There are no major barriers to entry into this market. Contracts with automakers are the key thing to succeed in this market.
Some of the key players profiled in the report are Continental AG (Germany), Aisin Seiki Co., Ltd. (Japan), Bosch GmbH (Germany), Rheinmetall Automotive AG (Germany), MAHLE GmbH (Germany), Valeo Group (French), WMJ Marine (United States), Jungwoo Automotive (South Korea), Jungwoo Automotive (United Kingdom) and Vovyo Technology (China). Considering Market by Fuel, the sub-segment i.e. Crude Oil based Fuels will boost the Engine Cooling Pump market. Considering Market by Sales Channel, the sub-segment i.e. Direct will boost the Engine Cooling Pump market. Considering Market by Power, the sub-segment i.e. Less than 50W will boost the Engine Cooling Pump market.
In Sept 2018, Continental, a technology company expanded its aftermarket product portfolio which includes components for better temperature regulation in modern engines which will be utilized in increasing engine efficiency. These new water pumps and new kits include 23 new products which include water pumps with electric actuators. According to Continental the reason for expanding the portfolio is that in many modern engines the driver system components increase temperature regulation.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Engine Cooling Pump market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Engine Cooling Pump market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Engine Cooling Pump Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.