Automotive Heat Exchanger Market Size Report Top Countries Research Trends, Share, Manufactures, Detailed Analysis, Applications and Forecasts up to 2027

The Global Automotive Heat Exchanger Market is estimated to reach USD 35.2 Billion by 2027 at a CAGR of 7.3 %, says forencis research (FSR).

A heat exchanger is a device used for allowing the transfer of heat from one medium to another at dissimilar temperatures. The heat exchanger medium consists of two fluids which flow close to each other but they are separated by material or metals which have good thermal properties. The automotive heat exchanger plays a vital role in maintaining the temperature of the engine and other vehicle components. Moreover, it is also used in cooling applications such as air conditioners. This device is used in the engine bay, exhaust gas, heating, ventilation, and air conditioning system.

Automotive Heat Exchanger Market: Drivers & Restraints

Market Drivers:

Growing HVAC Usage in Commercial Vehicles

Automotive heating, ventilation, and air conditioning (HVAC) are used to maintain the internal climate of the vehicle as well as heating and controlling system of engine and other components. In commercial vehicles, the need for HVAC systems is high because the engine generates high power which would need a cooling system. Commercial vehicles are used to transport perishable goods, sensitive chemicals, medical drugs and others which would need the HVAC system to maintain the life of the goods.

Thus, growing HVAC usage in commercial vehicles is expected to drive the automotive heat exchanger market during the forecast period.

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Growing Adoption of Electric Vehicles

Automotive manufacturers are engaged in developing innovative technologies that would provide better connectivity solutions. The development of innovative technologies is an outcome of the growing demand for luxurious and smart vehicles. Rise in demand for electric and hybrid vehicles has boosted the demand for heat exchanger, owing to EVs require better battery thermal management system. Heat exchangers such as plate-to-plate, liquid-cooled plate, are used in the electric vehicles for cooling and improving the battery life. As per the data shared by the Edison Electric Institute, in 2018, the total sales of electric vehicles in the United States raised 81%, when compared to 2017.

Thus, the growing adoption of electric vehicles has expected to drive the automotive heat exchanger market during the forecast period.

Market Restraints:

High Initial Cost

The initial cost of heat exchangers is high and in addition to it the operational, installation and maintenance cost increases the overall expenditure of this device which acts as a restraint to the market growth. Heat exchangers being a pre-requisite in the automotive applications, the overall cost of these parts is also a deciding factor to determine the overall investment returns. For instance, a premium heat exchanger system would result in low service cost and high durability which results in high service life. On the contrary, low-cost heat exchanger would result in low investments however, the overall maintenance and replacements intervals would be higher.

Thus, the high initial cost of the heat exchanger is a restraining factor for the global market growth during the forecast period.

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Automotive Heat Exchanger Market: Key Segments

Based on Type: Radiator, Oil Coolers, Intercoolers, and others.
Based on Design: Shell and Tube, Tube-Fin, Plate Bar, Double Pipe, and others.
Based on Application: Engine Bay, Exhaust Gas, Heating, Ventilation, and Air Conditioning (HVAC), and others.
Based on Vehicle Type: Internal Combustion Engine (ICE), Electric Vehicles (EVs), and others.
Key Regions Covered: North America, South America, Europe, Asia-Pacific, and Middle East & Africa with individual country-level analysis.

Automotive Heat Exchanger Market: Report Scope

The report on the automotive heat exchanger market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

List of the leading companies operating in the Automotive Heat Exchanger Market include:

DENSO CORPORATION (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
MAHLE GmbH
Valeo
Dana Iimited
Hanon Systems
SANDEN HOLDINGS CORPORATION
RAD Co., Ltd.
Nippon Light Metal Holdings Co., Ltd.
Clizen Inc.
GEA Group Aktiengesellschaft
Others

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Automotive Heat Exchanger Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Automotive Heat Exchanger Market, by Type

Radiator
Oil Coolers
Intercoolers
Others

Automotive Heat Exchanger Market, by Design Type

Shell and Tube
Tube-Fin
Plate Bar
Double Pipe
Others

Automotive Heat Exchanger Market, by Application

Engine Bay
Exhaust Gas
Heating, Ventilation, and Air Conditioning (HVAC)
Others

Automotive Heat Exchanger Market, by Vehicle Type

Internal Combustion Engine (ICE)

Electric Vehicles (EVs)

Battery Electric Vehicles (BEVs)
Plug-In Hybrid Electric Vehicles (PHEVs)
Hybrid Electric Vehicles (HEVs)
Fuel Cell Electric Vehicles (FCEV)

Others

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Automotive Heat Exchanger Market by Region

Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
North America (US, Canada, Mexico)
Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
South America (Brazil, Argentina, Rest of South America)

Key Questions answered by the report

What are the major developments impacting the global market and its growth?
What will be the effects of the developments in the global market on the industry and the market players in the near and far future?
What are the evolving types of the global market?
What are the evolving applications of the global market?
What are the major characteristics that will affect the global market growth during the study period?
Who are the key global players operating in the market?
How are the major players leveraging in the existing global market conditions?

Table of Content

INTRODUCTION
RESEARCH DESIGN & SCOPE
EXECUTIVE SUMMARY
MARKET DYNAMICS
INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
AUTOMOTIVE HEAT EXCHANGER MARKET BY TYPE, Market Size in USD Million and Units (2019—2027)
AUTOMOTIVE HEAT EXCHANGER MARKET BY DESIGN TYPE, Market Size in USD Million and Units (2019—2027)
AUTOMOTIVE HEAT EXCHANGER MARKET BY APPLICATION, Market Size in USD Million and Units (2019—2027)
AUTOMOTIVE HEAT EXCHANGER MARKET BY VEHICLE TYPE, Market Size in USD Million and Units (2019—2027)
AUTOMOTIVE HEAT EXCHANGER MARKET BY REGION, Market Size in USD Million and Units (2019—2027)
COMPETITIVE LANDSCAPE
COMPANY PROFILES
APPENDIX

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