The global demand for Automotive Heat Exchanger Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
An automotive heat exchanger forms an integral part of the vehicle’s cooling system, keeping it safe from overheating. It is made from materials like copper, aluminium and brass. It transfers the heat from one medium to another, staying in between at varying temperatures. Liquids flow through these two mediums, but a heat exchanger separates them. No vehicle would run smoothly without having a cooling mechanism. Heat exchangers work under various methods and configurations to transfer and disperse the heat to keep the machine cool. Modern heat exchangers are energy efficient. They do not use any air compressing unit to work. Hence, unlike conventional cooling equipment, they consume less energy and create no pollution.
Market Dynamics
Globally the automotive heat exchanger market is expected to grow considerably in the projected period. The growth of the automotive industry and increasing preference for hybrid and electric vehicles will retain the demand as these vehicles do not use conventional heat exchanger systems. The rising demand for battery thermal management systems to increase the lifespan of the lithium-ion battery is one of the key drivers for the automotive heat exchanger market. The need for lithium-ion batteries is growing higher as they can store energy in a small place. Thus, to save them from overheating, an automotive heat exchanger is essential. Technological progress in mobility solutions will open fresh opportunities in the future. The key players are now concentrating on developing innovative products to stay competitive.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of automotive heat exchanger. The growth and trends of automotive heat exchanger industry provide a holistic approach to this study.
Market Segmentation
This section of the automotive heat exchanger market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Types
- Cooling System
- Intake System
- EGR System
By Applications
- Commercial Vehicles
- Passenger Vehicles
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Automotive Heat Exchanger market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Automotive Heat Exchanger Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automotive heat exchanger market include Denso, Pranav Vikas, Calsonic Kansei, Mahle, Dana, Hanon System, Tata AutoComp, Alcoil, Valeo, Senior, Modine, Nanning Baling, Koyorad, Qingdao Toyo, Sanden, T.RAD, Tokyo Radiator, Zhejiang Yinlun, KB AutoTech, G&M, Paninco, Wuxi Guanyun, Weifang Hengan, South Air, Chaolihi Tech, Fawer, Huaerda, Jiangsu Jiahe, Shandong Tongchuang, LURUN. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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