An automotive heat exchanger is a device that is designed for the purpose to alienate heat between two mediums at disparate temperatures which are in contact thermally with one another. Automotive Heat Exchanger is also known as coils or air coils because of the round tubing in the internal side.
As in an internal combustion engine, the engine antifreeze is flowing in a circular motion through the coils, and air flows past these coils to cool the engine. Generally, these channels is divided into two liquids that flow in vicinity to each other and are distributed by a material, mostly metals, with good heat alienate properties.
Automotive heat exchanger is basically used in vehicles, in manufacturing and automotive industrial oil coolers. Automotive Heat Exchanger basically can be categorized on the basis of flow that is: parallel flow, counter flow, cross flow.
Additionally it can also be categorized on the basis of its structure: double pipe heat exchanger, plate heat exchanger, shell heat exchanger and tube heat exchanger. Owing to the above mentioned factors, in the coming years, the automotive heat exchanger market is anticipated to witness significant growth.
Automotive Heat Exchanger Market: DYNAMICS
The demand for automotive heat exchanger has increased substantially due to rise in production of electric vehicles and rising demand for passenger vehicles, and plays vital role in automobile industry and thus is a major driving factor for the automotive heat exchanger market as there is an exponential shift in the buyer’s preference.
Simultaneous increase in awareness of driver safety are driving the market for in commercial and off-highway vehicles.As there is rapid increase in demand for electric and hybrid vehicles which constraints the growth of conventional automotive heat exchangers in vehicles, oil coolers.
Conventional automotive heat exchanger is not used in electric vehicles. In lieu there is a battery thermal management system for battery cooling in conventional automotive heat exchanger.
The global industry is constantly moving toward the use of survivable clean fuels. Oil dependency is huge as a fuel in the transportation system and thus demand for heat exchangers keeps on increasing. More than 65% of the total vehicles use oil as stoke up.
Huge dependency on oil has increased the concerns of economists and environmentalists. Enlarging awareness about environmental concerns has led to the adoption of electric vehicles and increasing acquisition of electric vehicles (automotive heat exchanger) has played the role in the manufacturers of traditional heat exchanger system to develop a well planned battery thermal management system and expand their product holdings.
Automotive Heat Exchanger Market: COVID IMPACT
Even though the COVID-19 pandemic carry on to transform the growth of various industries, the immediate impact of the outbreak is varied. COVID-19 is a peerless global public health emergency that has overblown almost every industry, so for and, the long-term effects anticipated to impact the industry growth during the predicted period.
As due to covid-19 the market of automotive industry was severely infected, due to which automotive heat exchanger sales were also impacted. But gradually everything is settling and the automotive industry is gaining its momentum, which provides positive outlook for automotive heat exchanger market.
Automotive Heat Exchanger Market: Segmental Overview
In terms of operating conditions, shell and tube automotive Heat Exchanger is considered to be the major contributor for the growth of the automotive heat exchanger market. The supporting reason is from the fact that these two is the most efficient.
They find application in different automotive areas such as auto manufacturers, vehicles etc. The automotive heat exchanger are available in both parallel and cross flow. The automotive heat exchanger market has rapidly grown and inclined towards a commercialization matrix over the past few years, as automotive & manufacturing sectors have witnessed larger expansions.
They hold a major growth credit. Moreover, the key players in automotive heat exchanger market have built on collaborations and partnerships which is also their top-notch sustainability strategy.
Automotive Heat Exchanger Market: Analyst Perspective
The complexity of the structure of automotive heat exchanger for various requirements is a major challenge for the automotive heat exchangers which are available in the market. The proliferated usage of these devices across small, medium and large businesses have determined that it is the most crucial equipment in today’s automobile industry to drive energy savings and important factors for calculating the total cost of ownership.
Automotive Heat Exchanger Market: Regional Outlook
By geography, the market can be segmented into North America, Europe, Asia Pacific, Middle East and Africa and Latin America. It is anticipated in the regions of Europe, huge replacement demand for the automotive heat exchangers.
Eastern Europe’s manufacturers are contemplate to observe the regional production to lessen import dependency. Japan and India are estimated to observed notable automotive heat exchanger market stipulate owing to escalating industrial growth.
Commending government inventiveness in these countries to develop thermal energy and solar are expected to drive utilization. Moreover, industry players are sharpening on offshoring their manufacturing facilities in countries such as India, Japan and China owing to low-price production and better labor availability.
Asia Pacific holds the largest market amongst all n the terms of region which is been followed by North America. Germany is the major market of Automotive Heat Exchangers and contributes, plays a huge part in automotive heat exchanger Market in the region because of the major manufacturing industries settled in Germany.
The market of Automotive Heat Exchangers is runted in the regions of Africa, Middle East and Latin America. Nevertheless as increase in the demand in Automobile sector, and growth and investment in it, the market of automotive heat exchanger sector will grow in these regions in the upcoming years.
Automotive Heat Exchanger Market: KEY PARTICIPANTS
Some of the key market participants in the global Automotive Heat Exchange market, identified across the value chain include:
- Gunter GmbH & Co. KG
- Alfa Laval AB
- API Automation
- SPX Sealed Power Corporation
- Danfoss A/S
- SGL Carbon Technic LLC
- Tranter Inc. Lmt.
- Gesellschaft fur Entstaubungsanlagen Group
- Mahle (Gesellschaft mit beschrankter Haftung) Manufacturers
- Valeo Automaker Company
- Hanon Systems
- Dana Incorporated
- Denso Corporation
The research report on the Automotive Heat Exchanger market presents a comprehensive assessment, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
The Automotive Heat Exchanger market report also contains projections using a suitable set of assumptions and methodologies. The report provides analysis and information according to market segments such as geography, vehicle type, and sales channel.
The report covers exhaustive analysis on
- Automotive Heat Exchanger Market Segments
- Automotive Heat Exchanger Market Dynamics
- Automotive Heat Exchanger Market Size
- New Sales of Automotive Heat Exchanger
- Current Trends/Issues/Challenges in the Automotive Heat Exchanger Market
- Competition & Companies Involved in Automotive Heat Exchanger
- New Technology for Automotive Heat Exchanger
- Value Chain of the Automotive Heat Exchanger Market
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The global Automotive Heat Exchanger market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
- Changing market dynamics in the Automotive Heat Exchanger market
- In-depth Automotive Heat Exchanger market segmentation
- Historical, current, and projected Automotive Heat Exchanger market size in terms of volume and value
- Recent industry trends and developments in the global Automotive Heat Exchanger market
- Competitive landscape
- Strategies of key players and products offered in the global Automotive Heat Exchanger market
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Automotive Heat Exchanger market performance
- Must-have information for market players in Automotive Heat Exchanger market to sustain and enhance their market footprint
Automotive Heat Exchanger Market: SEGMENTATION
The global automotive heat exchanger market can be segmented on the basis of design type, vehicle Type, structure type, sales channel type and electrical vehicle type.
- Tube Fin
- Plate Bar
- Parallel flow
- Cross flow
- Counter flow
- Double type heat exchanger
- Shell type heat exchanger
- Tube heat exchanger
- Plate heat exchanger
- Passenger Car
- Light commercial vehicle
- Heavy commercial vehicle
- Electric Vehicle
- Hybrid electric vehicles
- Plug-in hybrid electric vehicle
- Battery Electric Vehicles
- (OEM) Original Equipment Manufacturers
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.