DUBLIN, November 7, 2016 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Electric Coolant Pump Market for Passenger Cars 2016-2020" report to their offering.
The global electric coolant pump market for passenger cars to grow at a CAGR of 14.80% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global electric coolant pump market for passenger cars for 2016-2020. To calculate the market size, the report considers the bottom-up approach where the volume of the vehicles is equipped with electric coolant pumps. The report also includes a discussion of the key vendors operating in this market. Changes are also being made in the vehicles to support the self-driving features. There has been a trend where the self-parking is coming down from luxury cars to the economical cars. Cars equipped with adaptive cruise control have radar and laser systems installed to automate navigation. If the driver is not able to slow down the vehicles and there is a high probability of collision, then electronic brakes will get activated and will cause the vehicle to stop and prevent it from a possible collision. This is how the increase in electrification is playing a major role in improving the overall efficiency of the vehicle. According to the report, growing concern for increased emission of GHG will be a key driver for market growth. Electricity production from fossil fuels is the major contributor for the emission of greenhouse gases. Around 30% of the total greenhouse gases produced in the US is produced from fossil fuels. The second major contributor to greenhouse gases is the automotive industry. Around 26% of the total emitted greenhouse gas is from transportation, which includes emission from cars, trucks, buses, ships, planes, and trains.