CHICAGO, April 15, 2024 /PRNewswire/ — Electric Coolant Pump Market is projected to grow from USD 1.9 billion in 2024 to USD 3.9 billion by 2030 at a CAGR of 12.8% during the forecast period, according to a new report by MarketsandMarkets. The growth of the electric coolant pump market is influenced by factors such as growing stringency in emission regulations with decreased emission limits, where electric coolant pumps can help reduce engine load and lower emissions. Factors such as the increase in hybrid and plug-in hybrid electric vehicles and powerful GDI engines installed with gasoline turbochargers are also estimated to boost the market for electric coolant pumps. These factors fuel continuous developments in pump specifications like power output, and increasing collaborations between electric coolant manufacturers and OEMs drive its growing popularity. Therefore, the electric…
