Published Date: 20-Jan-2023
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According to a new report, published by KBV research, The Global Automotive Charge Air Cooler Market size is expected to reach $15.6 billion by 2028, rising at a market growth of 7.2% CAGR during the forecast period.
The Liquid-cooled segment is showcasing a CAGR of 7.7% during (2022 - 2028). By controlling the coolant flow, a liquid-cooled or indirect charge air cooler provides charge-air thermal management and aids in lowering the air volume between the turbocharger's compressor and the engine's intake ports. The traditional air-to-air cooling method is replaced by the more sophisticated liquid-cooled charge air cooling technology, which consists of a coolant circulation pump, temperature cooling circuit, and liquid-cooled air charge cooler.
The Diesel segment acquired maximum revenue share in the Global Automotive Charge Air Cooler Market by Fuel Type 2021 thereby, achieving a market value of $9.6 billion by 2028. Throughout the projected period, the category will continue to increase at a constant rate. The charge air cooler serves as a liaison between the engine and the turbocharger. It cools the engine air even before it enters the combustion chambers of the engine after it has gone through a turbocharger and the engine.
The Light Commercial Vehicles segment has shown the growth rate of 7.5% during (2022 - 2028). Light commercial vehicles employ automotive charge air coolers in the same way that cars do. Gasoline engines are frequently used in both passenger automobiles and light commercial vehicles. Due to environmental concerns, the governments of many nations intend to phase out diesel automobiles in the near future.
The Fin & Tube segment is generating highest revenue share in the Global Automotive Charge Air Cooler Market by Design Type 2021 thereby, achieving a market value of $9.4 billion by 2028. Throughout the forecast period, the market for this particular segment will continue to rise significantly. When built for high-boost pressure applications, it cools more effectively than a bar and plate. It has a high-pressure rating and can handle both high pressure and high temperatures.
The Integrated segment is exhibiting a CAGR of 9.6% during (2022 - 2028). Outstanding temperature distribution, no vibration transfer, fewer interfaces in the intake system, improved cooling performance independent of speed, shorter air duct pathway response characteristics, only tiny pipes in the front end, etc., are some benefits of the integrated mechanism. High temperature disparities between the air inlets and outputs are present throughout the entire system. Weight and expense are reduced by the light construction method.
The Asia Pacific market dominated the Global Automotive Charge Air Cooler Market by Region 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $6.2 billion by 2028. The Europe market is exhibiting a CAGR of 6.5% during (2022 - 2028). Additionally, The North America market would showcase a CAGR of 6.7% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Dana Incorporated, Valeo SA, Mahle GmbH (Mahle Stiftung GmbH), Hanon Systems (Hahn & Co. Auto Holdings Co., Ltd.), T.RAD Co., Ltd., Modine Manufacturing Company, Banco Products (India) Ltd., AKG Group, Sterling Thermal Technology Limited (Nova Capital Gp Investments Xi Lp), and C, G, & J, Inc.
By Product Type
By Fuel Type
By Vehicle Type
By Design Type
By Position Type
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