Charge Air Cooler for Automotive: Introduction
- An automotive charge air cooler is used to cool the compressed air before it enters into the engine intake manifold or the combustion chambers. The air compressed by the turbo charger has high temperature, which in turn lowers the density of air, resulting in lesser presence of oxygen during combustion. Downsizing of engines is an ongoing trend gaining momentum in the automotive industry, which in turn is prompting auto manufacturers to reduce fuel consumption and enhance efficiency of their vehicles.
- The main purpose of the charge air cooler is to reduce the air inlet temperature, thereby increasing air density and consequently, boosting engine efficiency and reducing emission of NOx
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Key Drivers of Global Charge Air Cooler Market for Automotive
- Rise in demand for fuel-efficient vehicles coupled with an increase in emphasis on emission in order to minimize carbon emission is projected to boost the demand for charge air cooler during the forecast period. Furthermore, increase in production of passenger vehicles in developing countries, such as India and Brazil, owing to enhanced spending power of consumers in these countries, along with better availability of car loans are anticipated to drive the charge air cooler market for automotive during the forecast period.
- The automotive charge air cooler primarily focuses on increasing engine combustion efficiency. This, is turn, makes automotive charge air cooler an attractive product in the market. Demand for reduced fuel consumption in increasing at a significant pace owing to development in the government regulations and rising performance requirements. Thus, the market for automotive charge air cooler is anticipated to expand significantly during the forecast period.
- Rise in demand for vehicles and consistent investments by automakers on research & development of cost-effective, environment-friendly and low toxic products with a high life within the industry are likely to drive the global charge air cooler market for automotive
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Global Charge Air Cooler Market for Automotive to Offer Attractive Opportunities
- The trend of urbanization is rising at an exponential rate, which is leading to increase in the average income of urban population and enabling them to enhance their lifestyles. Furthermore, an increase in the demand for passenger is prompting manufacturers to increase production of commercial vehicles, thereby offering significant opportunities for the charge air cooler market for automotive across the globe.
Rise in Adoption of Battery Electric Vehicles to Hamper Market
- The global automotive charge air cooler market is estimated to expand in the near future; however, manufacturers of automotive charge air cooler have to face challenges regarding the demand for the product. Rising awareness about the environment and volatility of fuel prices have prompted consumers, especially in developed countries in Europe and North America to choose car models such as battery electric vehicles and plug-in-hybrid electric vehicles. An automotive charge air cooler is not used in electric cars and hence, this acts as a minor restraint for the charge air cooler market for automotive across the globe.
North America & Europe to Hold Significant Share of Global Charge Air Cooler Market for Automotive
- Rate of adoption of technology in North America and Europe is higher than that in other regions, as vehicle manufacturers of the automotive industry in the region emphasize more on the research and development of components. High penetration of premium and luxury vehicles in several countries across the region, including Germany and the U. K.
- Stringent emission norms in North America and Europe for the automotive industry, green transportation projects from governments of countries in the region, and demand for fuel efficient vehicles are likely to boost the market for charge air cooler for automotive in the region
Key Players Operating in Global Market:
The global charge air cooler market for automotive is consulted with top manufacturers across the global market. A few of the key players operating and potential in the global charge air cooler market for automotive are:
- Banco Products Ltd.
- Modine Manufacturing Company
- MAHLE, Inc.
- Dana Limited
- Valeo SA
- Denso Corporation
- DuPont
- Delphi Auto Parts
- Vestas Aircoil
- Calsonic Kansei Corporation
Global Charge Air Cooler Market for Automotive: Research Scope
Global Charge Air Cooler Market for Automotive, by Type
- Air Cooled Charge Air Cooler
- Liquid Cooled Charge Air Cooler
Global Charge Air Cooler Market for Automotive, by Material Type
- Aluminum Based Automotive Charge Air Cooler
- Plastic Based Automotive Charge Air Cooler
- Glass-reinforced Nylon Based Automotive Charge Air Cooler
Global Charge Air Cooler Market for Automotive, by Vehicle Type
- Passenger Vehicle
- Hatchback
- Sedan
- Utility Vehicles
- Commercial Vehicle
Global Charge Air Cooler Market for Automotive, by Position Type
- Standalone Charge Air Cooler
- Integrated Charge Air Cooler
Global Charge Air Cooler Market for Automotive, by Sales Channel
- OEM
- Aftermarket
Global Charge Air Cooler Market for Automotive, by Region
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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