Automotive Charge Air Cooler Market is predicted to reach USD 4,078 million at a CAGR of 6.8% during the forecast period

Pune, India, Dec 2022, MRFR Press Release/Market Research Future has published a Half- Cooked Research Report on the Global Automotive Charge Air Cooler Market.

Automotive Charge Air Cooler Market

Automotive industry is witnessing burgeoning sales outlook since last few years, this is attributed to immense technological advancements within the industry. The automotive industry has developed several technologies like automotive charge air coolers to improve vehicle’s performance. These air cooler is a heat exchanger, and it is equipped between the internal combustion engine and turbocharger to cool the air before it enters into the engine. Thermal management at the powertrain of a vehicle plays vital role in delivering optimum performance. Automotive charge air coolers are designed to lower the temperature of air from 220oC to 40oC this subsequently improves volumetric efficiency of the automotive vehicle.

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Market Synopsis

According to MRFR analysis, the global Automotive Charge Air Cooler Market value is projected to reach USD 4,078 million by 2030 at a CAGR of 6.8%.

Automotive Charge Air Cooler Market is primarily driven by growing adoption of turbochargers in automotive vehicles. Turbocharger is connected to an internal combustion engine to give it more power by supplying compressed air to allow engine to put out more horsepower and torque. Turbochargers also improves combustion efficiency of the vehicle and thus it is gaining huge acceptance especially in passenger cars. Therefore, growing adoption of turbochargers directly propels demand for automotive charge air coolers.

Emphasis of most of the governments on reducing exhaust gas emission by an automotive vehicle has motivated automotive manufacturers to equip the internal combustion engine with a turbocharger and charge air coolers. The turbocharger & charge air cooler assembly not only improves efficiency of the vehicle but also minimizes the emission by lowered fuel consumption. However, economic losses amid the COVID-19 lockdown have affected the automotive industry maximum in last couple of years. Automotive industry witnessed downfall in both sales as well as production which subsequently affected the global Automotive Charge Air Cooler Market. Though, the market is regaining its shape and is expected to showcase positive growth outlook throughout the forecast year.

Competitive Landscape

The global automotive charge air cooler market is highly competitive in nature with leading players are launching new and updated products in order to retain their position and grab the maximum opportunity in the market. For instance, in June 2022, leading player of heat transfer technology, Conflux Technology announced commercial launch of its first pre-designed 3D printed automotive water charge air cooler. The vendors compete in terms of advancement, cost, product quality, reliability, and after-market services. Some of the key players in the global Automotive Charge Air Cooler Market are MAHLE GmbH (Germany), Vestas Aircoil a/s (Denmark), Bell Intercoolers (US), T. Rad Co. Ltd. (Japan), Data Incorporated (US), Valeo (France), and Modine Manufacturing Company (US).

Segmentation:

By Type

• Air-Cooled Charge Air Cooler: An air-cooled charge air cooler contains a fan module, fan motor, and guards. As name suggests these charge air coolers use external ambient air to cool the air entering into the engine.


• Liquid-Cooled Charge Air Cooler: These charge air cooler use liquid such as water to cool the engine air. These charge air coolers are more efficient and thus improves fuel economy of the vehicle to and also provide help reducing exhaust gas emissions.


• By Engine Type


• Gasoline Engine: A gasoline engine is a type of internal combustion engine, that is powered by gasoline or also called as petrol. These engines are the mostly use in automotive vehicles for propulsion.


• Diesel Engine: A diesel engine is a type of internal combustion engine, that is powered by diesel. In these types of engine heat is produced by the compression of air in the cylinder. Diesel engines are widely used in commercial vehicles.

By Design

• Fin & Tube: Fin & Tube charge air coolers are similar to radiators; they are equipped with seamless or extruded tubes with fins to obtain maximum heat transfer and increased tube strength. This type of charge air coolers is the standard construction for most original equipment manufacturers.


• Bar & Plate: The bar & plate design contains fins between aluminum sheets and are fitted with header and face bars. These bars, plates, and fins, is then fixed together, creating a single, solid piece enabling tanks to be mounted directly on the core. These charge air coolers are designed to withstand higher pressure and temperature.

By Vehicle Type

• Passenger Cars: Vehicles designed and manufactured for the carriage of passengers and having not more than eight seats and has maximum mass of 3.5 tonnes are called as passenger cars. Passenger cars are the largest selling automotive vehicles in globe.


• Commercial Vehicle: A type of automotive vehicle which is typically used for transportation of goods as well as paying passengers is considered as commercial vehicles. These types of vehicles are indirectly the backbone of economy of any country.

By Material

• Aluminium: Automotive charge air cooler that are made with aluminium exerts high degree of durability and also help manufacturer to meet stringent emission norms. Strong aluminum core construction and welded cast aluminum tanks enables it to withstand extreme operating conditions.


• Stainless Steel: Stainless steel charge air coolers are cost effective and also durable. These are one of the widely used automotive charge air coolers.


• Copper: High thermal efficiency & resistance to corrosion of copper enables vehicle to operate under all conditions and environment. These automotive charge air coolers are used mostly in commercial vehicles.


• Other: Other materials such as different metal composites, plastic, reinforced fibre, etc. that are used to manufacture automotive charge air cooler are considered under this segment.

By Sales Channel

• OEM: Original equipment manufacturers (OEM) are the largest consumer of automotive charge air coolers. More than 80 million automotive vehicles were produced in a year globally which creates huge opportunity for manufacturers of automotive charge air coolers.


• Aftermarket: Automotive aftermarket is growing steadily as global automotive sales is witnessing higher avenues day by day. Aftermarket is likely to create lucrative opportunity during the forecast period.

By Region

• North America: North America is anticipated to be the one of the key contributor to the automotive charge air cooler market. This includes US, Canada, and Mexico. The significant factor propelling the growth of the market is growing demand for fuel efficient automotive vehicles in the region. In addition to this, government’s focus on lowering emission is likely to skyrocket the market in North America during the forecast period.


• Europe: Europe is expected to hold significant market share in the global automotive charge air cooler market. This is attributed to European Union’s stringent approach towards vehicle emission. Developed countries such as Germany, UK, France, Italy, and Spain are the largest stake holders of the regional market.


• Asia-Pacific: Asia-Pacific region is predicted to dominate the automotive charge air cooler market as the region is largest producer and consumer of the automotive vehicles. Countries like China, India, Japan, South Korea, and Australia are expected to contribute maximum in the regional market.


• Middle East & Africa: The size of the Middle East & Africa automotive charge air cooler market is moderate as compared to other regions. This is attributed to lower production of automotive in the region as well as low human development index. However, the region is expected to showcase marginal growth during the forecast period. Countries like South Africa, and UAE are the key contributor to the market.


• South America: South America is likely to register steady growth rate during the forecast period. The region’s market is driven by countries like Brazil, and Argentina. The regional market is predicted to hold significant share of the global market.