The global “Automotive Charge Air Cooler Market” share is expected to grow from US$ 2,947.29 million in 2022 to US$ US$ 4,229.60 million by 2028. It is estimated to grow at a CAGR of 6.2% from 2022 to 2028.
The automotive charge air cooler market consists of companies (organizations, retailers, and partnerships) selling automotive charge air cooler products designed to cool heated air from superchargers or turbochargers. Turbochargers compress air at high temperatures, reducing air density and oxygen during combustion. These components maintain and improve the power and torque of the vehicle.
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Companies Profiled in this report includes:
- Dana Incorporated
- Delphi Technologies (BorgWarner Inc.)
- DENSO Corporation
- Hanon Systems
- Magneti Marelli S.p.A.
- MAHLE GmbH
- Modine Manufacturing Company
- RAD Co. Ltd.
- Vestas Aircoil.
The Asia-Pacific region is estimated to have the largest Automotive Charge Air Cooler market , supported by strong passenger car demand and production and emission regulations in various countries. The growth of fuel-efficient vehicles positively impacts the Automotive Charge Air Cooler market in the Asia Pacific region. Leading Automotive Charge Air Cooler market manufacturers such as Hanon Systems, T.RAD Co. Ltd., Marelli, and Denso Corporation are also participating in the region, creating growth opportunities in the region’s Automotive Charge Air Cooler market. These companies are developing and expanding their businesses in the region. For example, in March 2021, Hanon Systems announced that it had begun constructing its fifth factory in South Korea. The new facility will be built on approximately 33,000 square meters of land.
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Automotive Charge Air Cooler Market Segmentation:
- Air-cooled Charge Air Cooler
- Liquid-Cooled Charge Air Cooler
- Passenger cars
North America has the highest rate of advanced technology adoption due to favorable government policies that foster innovation and enhance infrastructural abilities. The COVID-19 pandemic severely impacted the renewable energy sector in the region. Oil and gas and power-generating facilities reduced their activity, including shutting down construction, operations, and maintenance projects at several locations, after issuing multiple “stay at home” orders by state governors around the countries. This gave enterprises sufficient time to examine their machinery, increasing the demand for analytics solutions. Furthermore, the COVID-19 pandemic made it more difficult for renewable energy producers to get project finance or equity capital; hence, companies have aggressively switched to analytics. As a result, the COVID-19 pandemic positively influenced the North American automotive charge air cooler vehicle type.
The overall the Automotive Charge Air Cooler market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information about the Automotive Charge Air Cooler market. The process also serves the purpose of obtaining an overview and forecast for the Automotive Charge Air Cooler market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the Automotive Charge Air Cooler market. This process includes industry experts, such as VPs, business development managers, market intelligence managers, national sales managers, external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Automotive Charge Air Cooler market.
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