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Automotive Charge Air Cooler Market- Industry Size, Trends, Global Growth, Insights and Forecast Research Report 2028

07-18-2023 09:16 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Premium Market Insights

Automotive Charge Air Cooler Market

Automotive Charge Air Cooler Market

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 coolers market comprises various entities such as organizations, retailers, and partnerships that sell products specifically designed to cool heated air from turbochargers or superchargers used in automobiles. Turbochargers compress air at high temperatures, decreasing air density and oxygen during combustion. These charge air coolers play a crucial role in maintaining and enhancing the power and torque of vehicles.

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The List of Companies -
1. Dana Incorporated
2. Delphi Technologies (BorgWarner Inc.)
3. DENSO Corporation
4. Hanon Systems
5. Magneti Marelli S.p.A.
6. MAHLE GmbH
7. Modine Manufacturing Company
8. T. RAD Co. Ltd.
9. Valeo
10. Vestas Aircoil.

Automotive charge air coolers are available in two main types, namely air-cooled charge air coolers and liquid-cooled charge air coolers. The former cools the engine air after it has been compressed by the turbocharger and before it enters the combustion chamber. Its main function is to reduce the temperature of the combustion air to the most suitable level for optimal performance, fuel consumption, and exhaust gas emissions. These charge air coolers come in various designs, such as tubes and fins, webs and plates, and are compatible with different types of fuels, including gasoline and diesel. They are used in various types of vehicles, such as passenger cars, light commercial vehicles, trucks, and buses.

Key Findings of Study:

The global automotive charge air cooler market has been divided into 5 key regions: North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). The Asia Pacific region includes major countries such as Australia, China, India, Japan, South Korea, and other Asia Pacific countries. With large populations, particularly in India and China, and increasing disposable incomes, there is a growing demand for efficient and environmentally friendly mobility solutions in the region.

The European automotive charge air cooler market is divided into several countries, including Germany, France, Italy, the UK, Russia, and the rest of Europe. The region has been a pioneer in the automotive industry, where automobiles are not only viewed as a means of transportation but also as a source of leisure and entertainment. Despite encountering challenges in the latter half of the last century, car production is one of the most long-standing industrial activities in the European Union, unlike other heavy industries that have been outcompeted by Asia and the United States.

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The automotive industry's growing demand for turbochargers is anticipated to propel the market for automotive charge air coolers. Turbochargers are utilized to reduce the displacement of the cylinder and the amount of fuel needed for the same performance output. This is likely to create significant growth prospects for the market during the forecast period. The Asia Pacific region is expected to witness a surge in demand for turbochargers, leading to an increase in the adoption of these products in passenger cars, thereby boosting the demand for automotive intercoolers and facilitating the deployment of high-powered supercharged engines. This presents numerous opportunities for the Automotive Charge Air Cooler market.

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