The
global Automotive
Charge Air Cooler Market size is anticipated to reach USD 18.02
billion by 2030, registering a CAGR of 7.2% from 2022 to 2030, according to a
new report by Grand View Research, Inc. A charge air cooler’s function includes
an increase in engine combustion efficiency, a rise in demand for
fuel-efficient vehicles, and the regulatory authorities' focus on the reduction
of carbon emission would give a boost to the product demand. An increase in the
use of turbocharging in automobiles would promote the application of charge air
coolers as well. The automotive sector has been significantly impacted by the
COVID-19 pandemic. South America’s automotive production dropped by more than
30%, with Brazil down by 32%.
The
North American Free Trade Agreement (NAFTA) had seen a production decline of
more than 20%. Asia was better in terms of resisting the shock, with a decline
of 10%. The impact on Chinese production was only 2%, and a quick recovery was
witnessed. Hubei in China is one of the most important regions for the
automotive industry as more than 100 automotive suppliers are based out of this
region. An outbreak of the pandemic in the region resulted in a halt of
production activities. These downward trends in automotive production also
impacted the automotive charge air cooler sector. Asia Pacific accounted for
the largest revenue share in 2021.
China
is the world’s largest vehicle market in terms of manufacturing output and
annual sales. Domestic production is anticipated to cross 35 million vehicles
by 2025. Total cars of over 25 million were sold in 2020. Automotive is one of
the important industries in India. In 2020, India was the fifth-largest
automaker in the world. In FY 2021, the country’s annual auto production was
22.7 million vehicles. Japan is the third-largest automotive producer known for
invigorating ideas and cutting-edge technology. The automotive industry
accounts for almost 89% of the country’s manufacturing sector.
List of Key Players in Automotive Charge Air
Cooler Market
- Dana Ltd.
- T.RAD Co.,
Ltd.
- Valeo
- MODINE
MANUFACTURING COMPANY
- MAHLE GmbH
- AKG Group
- Hanon
Systems
- Banco
Products (India) Ltd.
- Sterling
Thermal Technology
- C, G, &
J Inc.
- Radicon
Company Ltd.
- Kelvion
Holding GmbH
- Delphi
Technologies (BorgWarner Inc.)
- Dura-Lite
Heat Transfer Products Ltd.
Related Press
Release@ Automotive
Charge Air Cooler Market Report
Automotive Charge Air Cooler Market Report Highlights
- The
air-cooled charge air cooler product type segment accounted for the
largest revenue share in 2021. These devices are used in passenger cars as
well as light & heavy commercial vehicles
- The
passenger vehicle type segment is projected to grow at a significant CAGR
over the forecast period. Stringent rules regarding emissions will drive
the need for charge air coolers for passenger cars. With the growing
passenger vehicle sales, the demand for charge air coolers is expected to
increase. However, rising demand for electric vehicles (EVs)
would hamper sales for this product
- The fin
& tube design type segment accounted for the largest revenue share in
2021. These types of air charge coolers are ideal for high-performance
diesel applications with high boost pressure. One of the cons of this type
of charge air cooler includes poor cooling efficiency if not engineered
with enough tubes for the application
- The
integrated segment is projected to grow at a significant CAGR over the
forecast period. It requires a smaller front-end package and lowers
pressure drop in the intake system, hence lowering the cost of the cooler.
This system is ideally suited for turbocharged gasoline engines. An
integrated charge air cooler system makes the most of all the advantages
of indirect charge air cooling. It reduces the number of interfaces and
the handling cost as well for automotive manufacturers
Related Reports@
Automotive Natural Gas Vehicle Market
Automotive Charge Air Cooler Market Segmentation
Grand
View Research has segmented the global automotive charge air cooler market
based on product type, vehicle type, design type, fuel type, position type, and
region:
Automotive Charge Air Cooler Product Type Outlook
(Volume, 000’ Units; Revenue, USD Million, 2018 - 2030)
- Air-cooled
- Liquid-cooled
Automotive Charge Air Cooler Vehicle Type Outlook
(Volume, 000’ Units; Revenue, USD Million, 2018 - 2030)
- Passenger
Vehicles
- Light
Commercial Vehicles
- Heavy
Commercial Vehicles
- Others
Automotive Charge Air Cooler Design Type Outlook (Volume,
000’ Units; Revenue, USD Million, 2018 - 2030)
- Fin &
Tube
- Bar &
Plate
Automotive Charge Air Cooler Fuel Type Outlook (Volume,
000’ Units; Revenue, USD Million, 2018 - 2030)
- Diesel
- Gasoline
Automotive Charge Air Cooler Position Type Outlook
(Volume, 000’ Units; Revenue, USD Million, 2018 - 2030)
- Integrated
- Standalone
Automotive Charge Air Cooler Regional Outlook (Volume, 000’
Units; Revenue, USD Million, 2018 - 2030)
- North
America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Rest of
Europe
- Asia Pacific
- China
- India
- Japan
- Rest of
Asia Pacific
- Latin
America
- Brazil
- Mexico
- Rest of
Latin America
- Middle East
& Africa
About Us:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-95196
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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