Press release
How Automotive Engine Cooling System Market will Grow at Highest CAGR
Automotive Engine Cooling System Market
For More Information and Detailed Scope of this Report, Visit @ https://www.fortunebusinessinsights.com/industry-reports/automotive-engine-cooling-system-market-100755
The report further states that the governments of numerous countries around the world have begun implementing strict rules and regulations regarding the emission of carbon dioxide and other harmful gases. This, in turn, is causing the cooling system manufacturers to enhance the performances of these systems. This is done to follow government standards and reduce the emission of greenhouse gases, namely, carbon dioxide and nitrogen oxide.
Fortune Business Insights has profiled some of the prominent market players operating in the global automotive engine cooling system market. They are Continental AG, Mahle GmbH, Delphi Automotive LLP, Visteon Corporation, Denso Corporation, Perkins Engines Company Ltd., Calsonic Kansei Corporation, Sogefi, BorgWarner, Schaeffler Group, Valeo SA, and other key market players.
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“Increasing Awareness Campaigns Regarding Environmental Concerns to Favor Growth in Asia Pacific”
The global automotive engine cooling system market is geographically divided into North America, the Middle East and Africa, Europe, Latin America, and Asia Pacific. Amongst these regions, the Asia Pacific is expected to bag the sixth position in the global automotive engine cooling system market in terms of size during the forecast period. Moreover, developing countries in the region, namely, India, Taiwan, and China are witnessing a rise in environmental concerns. This has further increased awareness programs regarding carbon dioxide-free vehicles and eco-friendly systems by several government organizations.
It is anticipated to increase the demand for automotive engine cooling systems, thereby boosting the automotive engine cooling system market growth in Asia Pacific in the coming years. The European Commission, on the other hand, has begun encouraging the populace to reduce carbon dioxide and other greenhouse gases that are harmful to the environment. The commission is hence, supporting those who manufacture technological implements. Additionally, the rising concerns about increasing global warming have resulted in a higher rate of adoption of automotive engine cooling systems.
“Strategic Collaboration of Denso and Hitachi to Result in the Mass Production of Alternators”
Denso Corporation, an automotive components manufacturer, based in Japan, announced in May 2019 that it has partnered up with Hitachi Power Semiconductor Device Ltd., a renowned semiconductor supplier. This collaboration resulted in the development of a highly efficient diode that can be used as alternators for diesel and gasoline engine vehicles. The company also declared that the production of alternators infused with technologically advanced diodes would be sold in Europe in FY2019. Those will be provided to the manufacturing companies across the globe during the same period.
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BorgWarner, an automotive industry components and parts supplier, based in the U.S., announced earlier, in January 2019, that it has simplified the design of pure electric drives. The company also stated that it would persistently make certain changes in the coming years. The company’s previous model named the electric drive module (eDM) is under serial production. However, the latest integrated drive module (iDM) is projected to go to the next step. Overall, the strategic collaborations and improvements in system designs are expected to fuel the global automotive engine cooling system market revenue in the coming years
Contact:
Name: Ashwin Arora
Email: sales@fortunebusinessinsights.com
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245
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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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