DUBLIN--(BUSINESS WIRE)--The "Automotive Charge Air Cooler Market by Type (Air-cooled, Liquid-cooled), Position(Integrated, Standalone), Design(Tube & Fin, Bar & Plate), Fuel Type(Gasoline, Diesel), Vehicle(PC, LCV, Truck, Bus), Material, Sales Channel & Region-Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
Automotive charge air cooler market is estimated to be USD 2.8 Billion in 2021 and is projected to grow to USD 3.9 Billion by 2026, at a CAGR of 7.1% during the forecast period.
Today, the automotive industry is taking significant steps toward more stringent emission regulations and fuel consumption, which has resulted in increased demand for components and modules to control air intake temperature in conventional vehicles. This factor is expected to drive the demand for charge air coolers significantly during the forecast period.
Automotive charge air coolers are used to reduce fuel consumption and CO2 emissions in combination with turbocharging. These components maintain and improve power output and torque in vehicles.
As the degree of turbocharging increases, the necessity of cooling the heated air grows. Thus, charge air coolers play a critical role in cooling the engine. With the trend of engine downsizing in the automotive industry, automakers and manufacturers are focused on reducing fuel consumption and increasing efficiency of vehicles.
"ADVANTAGES OVER LIQUID-COOLED CHARGE AIR COOLERS TO DRIVE THE SEGMENT"
Air-cooled charge air cooler, as the name suggests, uses air as a medium for cooling the charged air coming from the turbocharger. This type of charge air cooler works by passing the charged air through a network of small tubes, followed by a series of cooling fins. The heat is transferred from the hot compressed air into the cooling fins that are further cooled by the airflow coming from outside of the vehicle.
Air-cooled charge air coolers are more popular than liquid-cooled charge air coolers. Some of the prominent advantages of air-cooled coolers include design simplicity, low cost, lightweight, easy function, and higher reliability. This makes these charge coolers suitable for use across all vehicle segments. In addition, the cooling provided by these air coolers is fairly good, making them the preferred choice of OEMs. Thus, operational and cost advantages, along with fairly high efficiency, would ensure steady growth for air-cooled charge air coolers during the forecast period.
"INCREASING ADOPTION OF HVAC SYSTEMS TO DRIVE THE FIN & TUBE SEGMENT"
A fin & tube heat exchanger typically has tubes with fins attached to the outside. In this type of charge air cooler, the heat transfer rate is greater due to the liquid flowing through the inside of the tubes for heat transfer and the additional heat transfer surface area due to the fins. Fin & tube type is the most widely used heat exchangers in the automotive domain. This type of heat exchanger is used in car radiators and condensers and evaporator coils of HVAC systems. The increasing adoption of HVAC systems in developing countries is driving the market for fin & tube charge air coolers.
Asia Pacific leads the fin & tube segment of the automotive charge air cooler market. These charge air coolers are mostly used in passenger cars and some LCVs. Due to high production of passenger cars, especially in China, Asia Pacific is expected to continue dominating the market throughout the forecast period. North America is expected to register the highest growth rate due to the growing penetration of turbochargers in gasoline passenger cars, thereby driving the fin & tube segment.
"GOVERNMENT ENCOURAGEMENT TO REDUCE EMISSIONS TO DRIVE THE GASOLINE SEGMENT"
Gasoline engines are mostly used in passenger cars and light-duty vehicles. The usage of gasoline in heavy commercial vehicles is virtually zero. North America and Asia Pacific are the largest markets for gasoline passenger cars. The use of turbochargers in gasoline vehicles is a new trend to reduce emissions and increase the efficiency of the vehicle. The application of turbochargers in passenger cars in North America and Europe is high because of strict emission regulations.
Stringent environmental norms on vehicle emissions have led to the adoption of gasoline systems. The governments of various countries plan to phase out diesel vehicles in the long term. With plans to phase out diesel cars, gasoline cars are expected to gain more prominence during the forecast period. In addition, increasing turbocharger usage would ensure continued demand for charge air coolers in the years to come.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Automotive Charge Air Cooler Market, by Type
7 Automotive Charge Air Cooler Market, by Position
8 Automotive Charge Air Cooler Market, by Design
9 Automotive Charge Air Cooler Market, by Fuel Type
10 Automotive Charge Air Cooler Market, by Vehicle Type
11 Automotive Charge Air Cooler Market, by Material
12 Automotive Charge Air Cooler Market, by Sales Channel
13 Automotive Charge Air Cooler Market, by Region
14 Competitive Landscape
15 Company Profiles
16 Recommendations
17 Appendix
Companies Mentioned
- AKG Group
- AMI Exchangers Ltd.
- Applied Cooling Technology LLC
- Banco Products (India) Ltd.
- Boyd Corporation
- C, G, & J Inc
- Cooper Standard
- Dana Incorporated
- Delphi Technologies Aftermarket
- Denso Corporation
- EJ Bowman
- Hanon Systems
- Kelvion Holding Gmbh
- Mahle Gmbh
- Marelli
- Mishimoto
- Modine Manufacturing Company
- Sanden Holdings Corporation
- Sterling Thermal Technology
- T. Rad Co. Ltd.
- Valeo
- Vestas Aircoil
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