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The electric coolant pump for passenger cars market size is forecast to increase by USD 26.6 billion at a CAGR of 20.6% between 2023 and 2028. The electric coolant pump market for passenger cars is experiencing significant growth due to the rapid electrification of mechanical components. The trend towards electric vehicles (EVs) and hybrid vehicles (HEVs) is driving the demand for electric coolant pumps, as they offer several advantages over traditional mechanical pumps. These advantages include increased efficiency, reduced emissions, and improved reliability. Additionally, advancements in automotive electric pump systems are leading to the development of more sophisticated and efficient cooling systems. However, recalls due to faulty electric coolant pumps pose a challenge to market growth. Manufacturers must ensure the reliability and durability of these pumps to maintain consumer trust and confidence in electric vehicle technology.
Overall, the electric coolant pump market for passenger cars is expected to grow steadily, driven by the electrification of the automotive industry and advancements in electric pump technology.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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