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Automotive Pump for Thermal System Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2025-2034

Publisher Global Market Insights
Published Apr 07, 2025
Length 181 Pages
SKU # GMI19996869

Description

The Global Automotive Pump for Thermal System Market was valued at USD 3.9 billion in 2024 and is estimated to grow at a CAGR of 6.1%, to reach USD 7.1 billion by 2034, driven by the surging electrification of vehicles, rising regulatory pressure for better fuel efficiency, and technological innovations in thermal management systems.  Automotive pumps for thermal systems are crucial components designed to regulate the temperature of vehicle systems, enhancing performance, safety, and energy efficiency. They manage heat across critical components such as batteries, power electronics, engines, and HVAC units, ensuring optimal operating conditions under various driving environments.

The increasing penetration of electric vehicles (EVs) and hybrid electric vehicles (HEVs) necessitates sophisticated cooling solutions, propelling demand for high-performance thermal pumps. In EVs, thermal management directly impacts battery health, charging efficiency, and overall vehicle range, making advanced cooling technologies a strategic priority for automakers. Similarly, in HEVs and plug-in hybrid vehicles (PHEVs), the simultaneous operation of internal combustion engines and electric drivetrains demands highly efficient thermal regulation to maximize fuel economy and reduce emissions. As vehicle architectures become more electrified and complex, thermal systems must deliver precise, adaptive cooling performance while minimizing energy consumption. This evolution underscores the growing reliance on intelligent, variable-speed electric pumps and integrated thermal management modules capable of predictive operation, smart diagnostics, and seamless adaptation to dynamic driving and environmental conditions.

Liquid coolant circulation (LCC) systems generated USD 199.4 million in 2024, attributed to their superior efficiency in managing the thermal needs of EV batteries, power electronics, and HVAC systems. These systems are overtaking traditional oil-based and air-based cooling technologies, offering enhanced performance and longevity. The shift toward energy-efficient transportation and stringent emission standards across major economies such as Europe, North America, and Asia Pacific accelerated the demand for advanced automotive pumps. Governments worldwide are encouraging the development of high-efficiency cooling technologies to extend battery life, improve charging performance, and ensure compliance with evolving environmental regulations.

Among the types of automotive pumps, variable displacement pumps led the market in 2024, accounting for USD 167.9 million in revenues​. These pumps adjust fluid flow dynamically based on system demand, resulting in substantial energy savings, reduced parasitic losses, and improved thermal management across various vehicle components. Unlike conventional fixed-flow pumps, variable displacement pumps optimize cooling performance by delivering only the required amount of fluid, which boosts overall energy efficiency. This adaptability is particularly critical in electric and hybrid vehicles, where efficient thermal regulation of batteries, motors, and inverters is vital to maintaining performance and extending component lifespan.

Asia Pacific Automotive Pump for Thermal System Market generated USD 1.3 billion in 2024, driven by robust EV production ecosystems in countries such as China, Japan, and South Korea​. The region benefits from a favorable regulatory landscape that includes aggressive government incentives for electric vehicle adoption, stringent emission reduction mandates, and strong investments in battery and thermal management technology infrastructure. China, in particular, leads the global EV market, with its expansive local manufacturing capabilities and strategic focus on electrified transportation bolstering demand for advanced automotive thermal systems. Additionally, the rapid urbanization across Asia Pacific, coupled with rising consumer awareness regarding sustainable transportation options, is accelerating the uptake of electric and hybrid vehicles.

Key players such as Denso, Valeo, Bosch, MAHLE, Hanon Systems, and Aisin are focusing on expanding their product portfolios, investing in R&D, and forming strategic alliances to strengthen their market presence. Innovations such as smart sensors, lightweight designs, and compatibility with next-generation refrigerants are expected to drive the evolution of automotive thermal system pumps.

Table of Contents

181 Pages
Chapter 1 Research Methodology
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates and calculations
1.2.1 Base year calculation
1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market definitions
Chapter 2 Executive Summary
2.1 Industry 360 degree synopsis, 2021-2034
2.2 Business trends
2.2.1.1 Total Addressable Market (TAM), 2025 - 2034
2.2.1.2 TAM trends
2.3 Regional trends
2.4 Propulsion trends
2.5 Refrigerant trends
2.6 Type trends
2.7 Watt trends
2.8 Sales channel trends
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Raw material suppliers
3.1.2 Component manufacturers
3.1.3 Pump assemblers
3.1.4 Technology providers
3.1.5 End-users(Automobile manufacturers)
3.2 Supplier landscape
3.2.1 Supplier landscape
3.3 Technology and innovation landscape
3.3.1 3D printing & advanced manufacturing
3.3.2 Thermal energy recovery systems Â3.3.3 Internet of Things (IoT) & predictive maintenance
3.3.4 Variable displacement pumps
3.3.5 Smart sensors & control systems
3.4 Insights on pump properties used in automotive thermal system
3.4.1 Higher efficiency
3.4.2 Better thermal management
3.4.3 Lightweight & compact design
3.4.4 Durability & reliability under extreme temperatures
3.4.5 Compatibility with new refrigerants & cooling technologies
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.7.1 North America
3.7.2 Europe
3.7.3 Asia Pacific
3.7.4 Latin America
3.7.5 MEA
3.8 Price trends
3.9 Cost breakdown analysis
3.10 Industry impact forces
3.10.1 Growth drivers
3.10.1.1 Rising demand for electric and hybrid vehicles
3.10.2 Industry pitfalls & challenges
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis
Chapter 4 Competitive Landscape
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5 Market, By Propulsion
5.1 Key trends
5.2 BEV (Battery electric vehicle)
5.3 PHEV (Plug-in hybrid electric vehicle)
5.4 HV (Hybrid vehicle)
5.5 IC (Internal combustion)
6.1 Key trends
6.2 Oil-based
6.3 Liquid coolant circulation (LCC)
6.4 Air-based
Chapter 7 Market, By Type
7.1 Key trends
7.2 Centrifugal pumps
7.3 Positive displacement pumps
7.4 Electric water pumps
7.5 Mechanical water pumps
7.6 Variable displacement pumps
Chapter 8 Market, By Watt
8.1 Key trends
8.2 Below 50 W
8.3 50 W- 100 W
8.4 100W-500W
8.5 Above 500 W
Chapter 9 Market, By Sales Channel
9.1 Key trends
9.2 OEM
9.3 Aftermarket
Chapter 10 Market, By Region
10.1 Key trends
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.5 Latin America
10.6 MEA
Chapter 11 Company Profile
11.1 Aisin
11.1.1 Global Overview
11.1.2 Market/Business Overview
11.1.3 Financial Data
11.1.3.1 Sales Revenue, 2022-2024
11.1.4 Product Landscape
11.1.5 SWOT Analysis
11.2 BorgWarner
11.2.1 Global Overview
11.2.2 Market/Business Overview
11.2.3 Financial Data
11.2.3.1 Sales Revenue, 2022-2024
11.2.4 Product Landscape
11.2.5 Strategic Outlook
11.2.6 SWOT Analysis
11.3 Bosch (Robert Bosch)
11.3.1 Global overview
11.3.2 Market/Business Overview
11.3.3 Financial Data
11.3.4 Product Landscape
11.3.5 Strategic Outlook
11.3.6 SWOT Analysis
11.4 Continental
11.4.1 Global Overview
11.4.2 Market/Business Overview
11.4.3 Financial Data
11.4.4 Product Landscape
11.4.5 SWOT Analysis
11.5 Denso
11.5.1 Global Overview
11.5.2 Market/Business Overview
11.5.3 Financial Data
11.5.4 Product Landscape
11.5.5 SWOT Analysis
11.6 Eberspaecher
11.6.1 Global Overview
11.6.2 Market/Business Overview
11.6.3 Financial Data
11.6.4 Product Landscape
11.6.5 Strategic Outlook
11.6.6 SWOT Analysis
11.7 Fluid-o-Tech
11.7.1 Global Overview
11.7.2 Market/Business Overview
11.7.3 Financial Data
11.7.4 Product Landscape
11.7.5 Strategic Outlook
11.7.6 SWOT Analysis
11.8 Grayson
11.8.1 Global Overview
11.8.2 Market/Business Overview
11.8.3 Financial Data
11.8.4 Product Landscape
11.8.5 Strategic Outlook
11.8.6 SWOT Analysis
11.9 Hanon Systems
11.9.1 Global Overview
11.9.2 Market/Business Overview
11.9.3 Financial Data
11.9.3.1 Sales Revenue, 2022-2024
11.9.4 Product Landscape
11.9.5 Strategic Outlook
11.9.6 SWOT Analysis
11.10 Hitachi Astemo
11.10.1 Global Overview
11.10.2 Market/Business Overview
11.10.3 Financial Data
11.10.3.1 Sales Revenue, 2022-2024
11.10.4 Product Landscape
11.10.5 SWOT Analysis
11.11 Infineon Technologies
11.11.1 Global Overview
11.11.2 Market/Business Overview
11.11.3 Financial Data
11.11.3.1 Sales Revenue, 2022-2024
11.11.4 Product Landscape
11.11.5 SWOT Analysis
11.12 Johnson Electric Holdings Limited
11.12.1 Global Overview
11.12.2 Market/Business Overview
11.12.3 Financial Data
11.12.3.1 Sales Revenue, 2022-2024
11.12.4 Product Landscape
11.12.5 SWOT Analysis
11.13 MAHLE
11.13.1 Global Overview
11.13.2 Market/Business Overview
11.13.3 Financial Data
11.13.4 Product Landscape
11.13.5 Strategic Outlook
11.13.6 SWOT Analysis
11.14 Marelli
11.14.1 Global overview
11.14.2 Market/Business Overview
11.14.3 Financial Data
11.14.4 Product Landscape
11.14.5 Strategic Outlook
11.14.6 SWOT Analysis
11.15 Modine
11.15.1 Global Overview
11.15.2 Market/Business Overview
11.15.3 Financial Data
11.15.3.1 Sales Revenue, 2022-2024
11.15.4 Product Landscape
11.15.5 Strategic Outlook
11.15.6 SWOT Analysis
11.16 Nidec Corporation
11.16.1 Global Overview
11.16.2 Market/Business Overview
11.16.3 Financial Data
11.16.3.1 Sales Revenue, 2022-2024
11.16.4 Product Landscape
11.16.5 SWOT Analysis
11.17 Rheinmetall AG
11.17.1 Global Overview
11.17.2 Market/Business Overview
11.17.3 Financial Data
11.17.3.1 Sales Revenue, 2022-2024
11.17.4 Product Landscape
11.17.5 Strategic Outlook
11.17.6 SWOT Analysis
11.18 Schaeffler
11.18.1 Global Overview
11.18.2 Market/Business Overview
11.18.3 Financial Data
11.18.3.1 Sales Revenue, 2022-2024
11.18.4 Product Landscape
11.18.5 Strategic Outlook
11.18.6 SWOT Analysis
11.19 Valeo
11.19.1 Global Overview
11.19.2 Market/Business Overview
11.19.3 Financial Data
11.19.3.1 Sales Revenue, 2022-2024
11.19.4 Product Landscape
11.19.5 Strategic Outlook
11.19.6 SWOT Analysis
11.20 ZF
11.20.1 Global Overview
11.20.2 Market/Business Overview
11.20.3 Financial Data
11.20.3.1 Sales Revenue, 2022-2024 (in USD Million)
11.20.4 Product Landscape
11.20.5 Strategic Outlook
11.20.6 SWOT Analysis

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