According to Stratistics MRC, the Global Automotive Heat Exchanger Market is accounted for $23.28 billion in 2020 and is expected to reach $45.03 billion by 2028 growing at a CAGR of 8.6% during the forecast period. Growing adoption of energy-efficient equipment, increasing demand for turbochargers and stringent emission regulations in different countries are driving the market growth. However, rising complexity associated with the designing of advanced and light weight heat exchangers and increasing fluctuation in the prices of raw materials are hampering the growth of the market.
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Based on the vehicle type, the passenger car segment is going to have lucrative growth during the forecast period owing to the rise in production of passenger cars globally, high demand for premium vehicles and SUVs, high-performance expectation from personal vehicles and increasing the application of automotive heat exchangers in passenger vehicles. By geography, Asia Pacific is going to have high growth during the forecast period due to an ever-increasing demand for heat exchangers because of their diverse applications, production and demand for automobiles and the number of vehicles on the road and manufacturers in the APAC region investing heavily in the lightweight automotive material (such as aluminum).
Some of the key players profiled in the Automotive Heat Exchanger Market include Wuxi Guanyun Heat Exchanger Co., Ltd., Visteon Corporation, Alfa Laval, SGL Carbon, American Industrial Heat Transfer, Inc., Nippon Light Metal, MAHLE Group, Hanon Systems, Clizen Inc., GEA Group, Denso, Constellium, Dana Incorporated, G&M Radiator, Calsonic Kansei, Güntner, Sanden Corporation, and Valeo.
Material Types Covered:
• Copper Type
• Aluminum Type
Types Covered:
• Powertrain Thermal Management
• Heating, Ventilation, and Air Conditioning (HVAC) Thermal Management
Design Types Covered:
• Tube Fin
• Plate Bar/Plate and Frame
• Double Pipe
• Shell and Tube
Flow Types Covered:
• Counter Flow
• Parallel Flow
• Cross Flow
Off-Highway Vehicle Types Covered:
• Agricultural Equipment
• Construction Equipment
Powertrain Types Covered:
• Electric Vehicles
• Internal Combustion Engine (ICE) Vehicles/Conventional Vehicles
Order Types Covered:
• Cooling System
• Intake System
• Exhaust Gas Recirculation (EGR) System
Vehicle Types Covered:
• Light Commercial Vehicle
• Heavy Commercial Vehicle
• Passenger Car
• Off-The-Road (OTR) Vehicles
Sales Channels Covered:
• Original Equipment Manufacturers (OEM)
• Aftermarket
Applications Covered:
• Radiators
• Oil Coolers
• Intercoolers
• Exhaust Gas Heat Exchangers
• Air Conditioning Systems
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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