Registering a CAGR of 2.7% over the forecast period of 2022-2027, the global Automotive Heat Exchanger market size is anticipated to reach the market value of US$ 26910 million in the year 2027 from US$ 22770 million in the year 2021.
Automotive heat exchange helps in agreeing to the transfer of heat from one medium to another at varying temperatures. The two mediums contain fluids that flow to each other but are separated by a metal having good heat transfer properties. Out of the two, one is hot and the other a cold fluid. The hot liquid transfers heat to the freezing liquid as they both pass through the heat exchanger, thus declining the high temperature of the hot liquid and raising the warmth of the cold liquid.
The global Automotive Heat Exchanger Market is primarily driven by an increase in demand for automotive components in engineering industrial and commercial applications. The increasing demand for turbochargers in automated vehicles is another major driver for the Automotive Heat Exchanger Market. Exerting turbochargers in the vehicle allows improved high-altitude performance, decreased emissions, and reduced fuel consumption, among others. Besides, expanding industrial activities in developing economies is also boosting the Automotive Heat Exchanger Market.
The global Automotive Heat Exchanger Market includes identification and analysis of the various market participants competing in the global market. Prominent competitors include DENSO Corporation (Tokyo:6902.T), Mahle, Valeo, Hanon Systems (KSE:018880.KS), Modine, YOKOHAMA, Calsonic Kansei, T.RAD Co., Ltd. (Tokyo:7236.T), Zhejiang Yinlun, Dana, Sanden Corporation (Tokyo :6444.T), Weifang Hengan, Tata AutoComp, Koyorad, Tokyo Radiator, Shandong Thick & Fung Group, LURUN, Chaolihi Tech, Jiahe Thermal System, Tianjin Yaxing Radiator, Nanning Baling, FAWER Automotive, Pranav Vikas, Shandong Tongchuang, Huaerda, Senior plc.
Industry News and Development:
2019:Modine Manufacturing Company (NYSE: MOD), a diversified global leader in thermal management technology and solutions, announced today that it signed an agreement to sell its 50% stake in its Nikkei Heat Exchanger Company, Ltd. joint venture to its partner in the joint venture, Japan-based Nippon Light Metal Company, Ltd., (NLM).
2017, Valeo announced a new line up of heating, ventilation, and air conditioning (HVAC) solutions for electric and hybrid buses and coaches. The company also announced the REVO-E Global range of electric roof units, a comprehensive solution for electric buses and coaches that optimizes HVAC performance in the cabin, and the Battery Cooler, a battery cooling system that maintains the temperature of the battery cells in hybrid and electric vehicles.
The Automotive Heat Exchanger Market is segmented based on the Type, Applications, and Regions.
By Type, it is segmented into
By Applications, it is segmented into
Asia Pacific region is predictable as the established hub for automotive production due to the availability of low-cost labor and low production cost. Also, the increased demand for passenger cars in evolving countries such as China and India is anticipated to drive market growth in this region. North America is anticipated to show significant growth in the market in this region. The improved adoption of PHEV and luxury vehicles are some of the major factors driving the growth of the market. Europe is anticipated to account for a considerable share in the market, and it is expected to grow quickly over the forecast period. Factors such as the presence of major market players and improved per capita income of consumers are expected to drive market growth.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 2.7% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | DENSO Corporation (Tokyo:6902.T), Mahle, Valeo, Hanon Systems (KSE:018880.KS), Modine, YOKOHAMA, Calsonic Kansei, T.RAD Co., Ltd. (Tokyo:7236.T), Zhejiang Yinlun, Dana, Sanden Corporation (Tokyo :6444.T), Weifang Hengan, Tata AutoComp, Koyorad, Tokyo Radiator, Shandong Thick & Fung Group, LURUN, Chaolihi Tech, Jiahe Thermal System, Tianjin Yaxing Radiator, Nanning Baling, FAWER Automotive, Pranav Vikas, Shandong Tongchuang, Huaerda, Senior plc. |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 184 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Automotive Heat Exchanger Market is studied from 2017 - 2027.
What is the growth rate of Automotive Heat Exchanger Market?
The Automotive Heat Exchanger Market is growing at a CAGR of 2.7% over the next 5 years.
Who are the leading key players in Automotive Heat Exchanger Market?
DENSO Corporation (Tokyo:6902.T), Mahle, Valeo, Hanon Systems (KSE:018880.KS), Modine, YOKOHAMA, Calsonic Kansei, T.RAD Co., Ltd. (Tokyo:7236.T), Zhejiang Yinlun, Dana, Sanden Corporation (Tokyo :6444.T), Weifang Hengan, Tata AutoComp, Koyorad, Tokyo Radiator, Shandong Thick & Fung Group, LURUN, Chaolihi Tech, Jiahe Thermal System, Tianjin Yaxing Radiator, Nanning Baling, FAWER Automotive, Pranav Vikas, Shandong Tongchuang, Huaerda, Senior plc.
What regions regions does this Automotive Heat Exchanger Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Automotive Heat Exchanger Market?
HVAC Thermal Management, Powertrain Thermal Management
What are the significant Applications of Automotive Heat Exchanger Market?
Commercial Vehicles, Passenger Vehicles
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SECONDARY RESEARCH
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PRIMARY RESEARCH
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MARKET ENGINEERING
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