Automotive Pump for Thermal System Market Size & Share 2025 - 2034
Market Size by Propulsion, by Refrigerant, by Pump, by Watt, by Sales Channel, Analysis,Growth Forecast.
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Market Size by Propulsion, by Refrigerant, by Pump, by Watt, by Sales Channel, Analysis,Growth Forecast.
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Starting at: $2,450
Base Year: 2024
Companies Profiled: 20
Tables & Figures: 190
Countries Covered: 21
Pages: 181
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Automotive Pump for Thermal System Market
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Automotive Pump for Thermal System Market Size
The global automotive pump for thermal system market was valued at USD 3.9 billion in 2024 and is estimated to register a CAGR of 6.1% between 2025 and 2034. The rising popularity of EVs and HEVs is pushing up the demand for automotive pumps used in thermal management systems. Electric coolants serve as the temperature controllers for both batteries and power electronics and motors within EVs instead of conventional ICE vehicles.
Automotive Pump for Thermal System Market Key Takeaways
Market Size & Growth
Key Market Drivers
Challenges
The durability of EV batteries alongside optimal vehicle functioning depends heavily on effective thermal management systems that require advanced cooling solutions for modern EV development. For instance, the new EV models launched by BYD during March 2025 provided vehicles with more than 250 miles of extended range using only five minutes of charging time thereby resolving consumer concerns about charging duration and range limitations.
The rising demand for thermal energy recovery systems (TERS) stimulates the market for automotive pumps that serve thermal management systems. TERS harvests waste heat produced by engine or exhaust systems thus boosting total energy efficiency levels. The functionality of automotive pumps remains vital because these devices carry coolant through the system and transfer heated liquid energy to operate auxiliary features or improve driving performance thus enabling essential implementation in modern vehicle development.
MetroCharge represents an innovative transport solution because it was installed in Barcelona subway stations in December 2024 as a means to recover train braking energy. Public transportation systems currently use this recovered energy for establishing electricity supplies to stations and electrical vehicle charging capabilities.
The aftermarket and replacement demand are accelerating the growth of the automotive pumps for thermal systems market. Components such as coolant pumps, water pumps and HVAC pumps in older vehicles need replacing to ensure the engine and cabin temperatures are within comfortable ranges. The vehicle fleet globally is increasing, which creates more demand in emerging markets for cost-efficient, long-lasting, and high-quality aftermarket thermal system pumps. For example, in March 2025 Standard Motor Products purchased Nissens Automotive which increased their revenue by 18.1%. Standard Motor Products now has better control over their products and market presence.
Automotive Pump for Thermal System Market Trends
Automotive Pump for Thermal System Market Analysis
Based on pump, the automotive pump for thermal system market is segmented into centrifugal pumps, positive displacement pumps, and variable displacement pumps. In 2024, the variable displacement pumps segment accounted for USD 1.9 billion and is expected to grow significantly over the forecast time frame.
Based on the sales channel, the automotive pump for thermal system market is divided into OEM and aftermarket. The OEM segment held 71% of the market share in 2024.
Based on refrigerant, the automotive pump for thermal system market is divided into oil-based, liquid coolant circulation, and air-based. The liquid coolant circulation segment held 58% of the market share in 2024.
Based on propulsion, the automotive pump for thermal system market is categorized into BEV, HEV, PHEV, and IC. The IC segment held the major market share in 2024.
North America dominated the global automotive pump for thermal system market with a major share of over 30% in 2024 and U.S. leads the market in the region
The automotive pump for thermal system market in Europe is expected to experience significant and promising growth from 2025 to 2034.
The automotive pump for thermal system market in Asia Pacific is anticipated to witness lucrative growth between 2025 โ 2034.
Automotive Pump for Thermal System Market Share
Automotive Pump for Thermal System Market Companies
Major players operating in the automotive pump for thermal system industry include:
Due to the presence of major players such as Denso, Valeo, Hanon Systems, MAHLE, Bosch, Aisin, and Eberspรคcher, there is severe competition in the automotive pumps for thermal systems market. The top players are working on improving the efficiency and longevity of the pumps, as well as their compatibility with the cooling systems of electric and hybrid vehicles, to consolidate their market share. As companies adopt policies like diversification, expansion of product lines, and mergers and acquisitions, the market is anticipated to become even more fiercely competitive.
Competition in pricing impacts brand perception in a significant way among the car pump manufacturers. Companies are restructuring supply chains, increasing manufacturing productivity, and forming joint ventures in order to cut costs and decrease lead times for materials and shipping. Furthermore, new industry standards for vehicle efficiency and emissions are being met by manufacturers through the implementation of advanced cooling systems, predictive maintenance powered by AI, and thermal management IoT systems which improve sustainability.
Automotive Pump for Thermal System Industry News
The automotive pump for thermal system market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($ Mn/Bn) and shipment (Units) from 2021 to 2034, for the following segments:
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Market, By Pump
Market, By Watt
Market, By Propulsion
Market, By Sales Channel
Market, By Refrigerant
The above information is provided for the following regions and countries:
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
โ Key growth drivers and their assumed impact
โ Restraining factors and mitigation scenarios
โ Regulatory assumptions and policy change risk
โ Technology adoption curve parameter
โ Macroeconomic assumptions (GDP growth, inflation, currency)
โ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
โ Statistical Validation
โ Expert Validation
โ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
Security & defense sector journals and trade press
Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →