Automotive Cooling Fans Market Analysis, Key Players, Challenges, Segmentation and Forecasts to 2027
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North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa
The major players analyzed include AMETEK. Inc, DENSO CORPORATION, Flexxaire Inc., Horton Holding Inc., Multi-Wing America Inc., SPAL Automotive, Sunonwealth Electric Machine Industry Co. Ltd, Valeo SA, Continental Automotive GmbH, and Toshiba Electronic.
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Top impacting factors: Market scenario analysis, trends, drivers, and impact Analysis
Increase in adoption of electronic system in the vehicles, rise in demand for hybrid electric vehicles, and introduction of advanced technologies such as new vibration free blades are driving the growth of the market. However, higher power consumption of the system is expected to hamper the growth of the market. On the contrary, introduction of lightweight, temperature resistant, and stable cooling fans is anticipated to create an opportunity for the market investments.
The global automotive cooling fan market trends are as follows:
Rise in demand for hybrid electric vehicles
Electric vehicles have witnessed a rapid rise in demand in the recent past due to high pollution levels. Hybrid electric vehicles require additional cooling fans than an internal combustion engine vehicle. Combination of batteries & a turbo engine require a greater number of electrical automated cooling fans in the vehicle. The cooling fans for hybrid vehicle requires a greater amount of power since the heat is not only generated by the engine but also from the battery pack & motor. Furthermore, single chip temperature sensors and optimized management of the fan’s speed is necessary for efficient cooling. Therefore, growth in demand for hybrid electric vehicles is expected to boost the growth of the automotive cooling fans market.
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Key benefits of the report:
1 This study presents the analytical depiction of the cooling fans industry along with the current trends and future estimations to determine the imminent investment pockets.
2 The report presents information related to key drivers, restraints, and opportunities along with challenges of the automotive cooling fans market.
3 The current market is quantitatively analyzed from 2019 to 2027 to highlight the automotive cooling fans market growth scenario.
4 We can also determine cooling fans will remain a significant revenue shareholder in the global automotive cooling fans market through the predictable future.
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