Electric Coolant Pumps Procurement Intelligence

In this electric coolant pumps procurement intelligence report, we have estimated the pricing of the key cost components. We have found in our research that raw materials, technology - engineering - design, machinery - electronics - motor, labor, facilities, transportation, and distribution are some of the important cost components in this category. Different raw materials can be used to manufacture e-pumps such as plastics, metals, aluminum, stainless steel, etc. Factors such as customization, rotor, and impeller material, and emission requirement standards can increase the production costs for the companies.  Recently, OEM manufacturers and many automotive parts producers prefer carbon fiber-reinforced plastic materials for their electric pump production due to their high durability, superior thermal management, and lightweight and compact design. The composite materials are chosen over aluminum ones.

In H1 2023, prices of carbon fiber-reinforced plastics (CFRP) in Asia witnessed a decrease due to weak market sentiment for feedstock materials. Prices of feedstock materials were on the lower side due to low demand from the downstream sectors and ample inventory levels. In Q2 2023, the trading activities in Asia were impacted negatively as Asian currencies were challenged by the U.S. dollar. As of September 2023, the two biggest trading partners of the U.S. - China and Japan, have seen their currencies drop to 10-month lows versus the dollar. During the second quarter itself, the Chinese CRFP market remained closed due to the onset of the Dragon Boat Festival which thereby hampered the CRFP prices. However, the demand for passenger and electric vehicles remained high for H1 2023 compared to H1 2022 throughout the region. The automobile production and sales in China reached 2.56 million and 2.62 million units, respectively, by the end of H1 2023. As a result, the prices of e-pumps remained steady for the period in Asia.

Electronics and motor components are another important cost in this category. Prices of these components (such as rotors, coils, stators, motors, etc.) are also impacted by changes in the semiconductor manufacturing sector. For instance, electronic components prices have increased steadily in 2022 owing to a 4% increase in semiconductor prices. The high inflation rates in the U.S. and producers ramping up the production of the chips to meet consumer demand at a more expensive rate contributed to the price hikes. In June 2023, The Taiwan Semiconductor Manufacturing Company (TSMC) announced further spikes in the prices of semiconductors, between 3 - 6% for its most advanced products which is expected to start in January 2024. At the start of 2023, TSMC increased semiconductor prices between 0.4% and 1% for subsequent months till the end of H1 2023 owing to higher manufacturing costs and supply chain challenges amid high demand. All these factors have in turn increased the costs for producing electric pumps.

Order your copy of the Electric Coolant Pumps category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

Operational Capabilities - Electric Coolant Pumps

• Years of Experience - 25%
• Geographic Service Provision - 20%
• Type of Supplier (OEM/Tier I/Tier II) - 15%
• Employee Strength - 12%
• Revenue - 12%
• Certifications - 8%
• Clientele - 8%

Functional Capabilities - Electric Coolant Pumps

By Voltage

• 12V - 10%
• 48V - 10%
• Others - 10%

By Application

• ICE Vehicles - 10%
• EV - 10%
• Both - 10%

Technology

• Pump Type - 10%
• Rotor Type - 10%
• Motor Type - 10%
• Material Used - 10%

Rate Benchmarking

The geographical location, scale of business, transportation and logistics, type of business, and order volumes play a vital factor in analyzing the rate benchmarking of the electric coolant pumps category.

Geographical considerations can affect prices by impacting local costs associated with conducting business, such as the cost of labor, the cost of raw materials, and manufacturing activity. China is one of the largest automotive manufacturing country and accounts for almost 30 – 32% of the global vehicle production, which exceeds Europe, the U.S., and Japan combined. As of May 2023, industry leaders are investing heavily in both newly founded car OEMs and state-owned automotive enterprises in China. The labor force in China is also among the largest in the world. Hence, the cost of labor in China is significantly lower than in the U.S. and Europe. For instance, in China, the salary of automotive engineers is around USD 20 – 30 per hour compared to automotive engineers in the U.S., where it is around USD 50 – 70 per hour. In China, the wide presence of automotive parts suppliers also brings down the cost of e-pump production.

Similarly, in terms of transportation and logistics, the demand is presently stable and there are no supply chain issues when shipping from China to the majority of areas (as of July 2023). The most affordable rates for transporting 20-foot FCL containers from China to North America include the following: Rates from Shanghai to Los Angeles start around USD 1,100 and from Yatian to Prince Rupert, it starts from around USD 900 (as of July 2023).

Supplier Newsletter

In June 2023, Rheinmetall AG secured a two-digit euro million contract for CWA2000 electric coolant pumps from one of the largest automotive companies. The pump is to be used in the latter’s 800V architecture. The pump manufacturing is estimated to start in 2026 with the arrangement of deliveries slotted over a six-year period.

In October 2022, Sanhua Automotive opened its new production facilities in Mexico. The company's Mexico Campus, located in Ramos Arizpe, Coahuila, houses the microchannel, automobile, and controller business segments. Additionally, the campus provides services for production, laboratories, logistics, and warehouses.

In August 2022, Industrie Saleri Italo S.p.A in collaboration with Cooper Standard declared to create a powerful coolant fluid management device for electric vehicles. The pumps will be compact in size and have advanced fluid control along with routing and connection technologies.

In September 2021, a contract was won by Rheinmetall for the manufacture of CWA400 electric coolant pumps for hybrid drives, which will be used in luxury hybrid vehicles powered by 2.5-liter four-cylinder engines. The parts were manufactured at the company's Hartha, Saxony plant and were created by Rheinmetall subsidiary Pierburg Pump Technology GmbH.

In August 2021, Toyota launched its new Aqua vehicle, featuring AISIN Corporation's new electric water pump. With the introduction of a new electric water pump and shift-by-wire transmission, the cooling efficiency is enhanced. 

List of Key Suppliers

• IBM Corporation
• Advanced Micro Devices
• AiCure
• Arm Limited
• Atomwise, Inc
• Ayasdi AI LLC
• Baidu, Inc
• Clarifai, Inc
• Cyrcadia Health
• Enlitic, Inc
• Google LLC
• H2O.ai
• HyperVerge, Inc
• Intel Corporation
• Iris.ai AS
• Lifegraph
• Microsoft
• NVIDIA Corporation
• Sensely, Inc
• Zebra Medical Vision, Inc 

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Electric Coolant Pumps Procurement Intelligence Report Scope 

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions. 

Our services include (not limited to): 

• Market Intelligence involving – market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions