Automotive Heat Exchanger Market to See Incredible Growth and Forecast 2020-2027
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.
Get Sample Copy of This Report @ https://www.forencisresearch.com/automotive-heat-exchanger-market-sample-pdf/
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.
Request Report Methodology On Competition On Global Automotive Heat Exchanger Market Here @ https://www.forencisresearch.com/automotive-heat-exchanger-market-request-methodology/
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
Consult with an Analyst @ https://www.forencisresearch.com/automotive-heat-exchanger-market-consult-with-an-analyst/
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
Purchase this Premium Industry Research Report with Analysis @ https://www.forencisresearch.com/automotive-heat-exchanger-market-purchase-now/
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
1 INTRODUCTION
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
1.6 Assumptions
1.7 Limitations
2 RESEARCH DESIGN & SCOPE
2.1 Introduction
2.2 Primary Research
2.2.1 Key Industry Expert Insight
2.3 Secondary Research
2.3.1 Vital Data from Secondary Sources
2.4 Market Size Estimation
2.5 Data Validation & Triangulation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Introduction
4.2 Drivers
4.2.1. Growing HVAC Usage in Commercial Vehicles
4.2.2. Growing Adoption of Electric Vehicles
4.3 Restraints
4.3.1 High Initial Cost
4.4 Opportunities
4.4.1 Increase Need for Battery Thermal Management System
4.5 Challenges
4.5.1 Stringent Emission Norms
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1 Introduction
5.1.1. Power of Buyers
5.1.2. Power of Suppliers
5.1.3. Intensity of Competition
5.1.4. Challenges of Substitutes
5.1.5. Challenges of New Entrants
5.2 Macro-Economic Indicators
6 AUTOMOTIVE HEAT EXCHANGER MARKET BY TYPE, Market Size in USD Million and Units (2019—2027)
6.1 Introduction
6.2 Radiator
6.3 Oil Coolers
6.4 Intercoolers
6.5 Others
7 AUTOMOTIVE HEAT EXCHANGER MARKET BY DESIGN TYPE, Market Size in USD Million and Units (2019—2027)
7.1 Introduction
7.2 Shell and Tube
7.3 Tube-Fin
7.4 Plate Bar
7.5 Double Pipe
7.6 Others
8 AUTOMOTIVE HEAT EXCHANGER MARKET BY APPLICATION, Market Size in USD Million and Units (2019—2027)
8.1 Introduction
8.2 Engine Bay
8.3 Exhaust Gas
8.4 Heating, Ventilation, and Air Conditioning (HVAC)
8.5 Others
9 AUTOMOTIVE HEAT EXCHANGER MARKET BY VEHICLE TYPE, Market Size in USD Million and Units (2019—2027)
9.1 Introduction
9.2 Internal Combustion Engine (ICE)
9.3 Electric Vehicles (EVs)
9.3.1 Battery Electric Vehicles (BEVs)
9.3.2 Plug-In Hybrid Electric Vehicles (PHEVs)
9.3.3 Hybrid Electric Vehicles (HEVs)
9.3.4 Fuel Cell Electric Vehicles (FCEV)
9.4 Others
10 AUTOMOTIVE HEAT EXCHANGER MARKET BY REGION, Market Size in USD Million and Units (2019—2027)
10.1 North America
10.1.1 US
10.1.2 Canada
10.1.3 Mexico
10.2 Europe
10.2.1 Germany
10.2.2 UK
10.2.3 France
10.2.4 Italy
10.2.5 Spain
10.2.6 Norway
10.2.7 Rest of Europe
10.3 Asia-Pacific
10.3.1 China
10.3.2 India
10.3.3 Japan
10.3.4 South Korea
10.3.5 Rest of Asia-Pacific
10.4 Middle East & Africa
10.4.1 Saudi Arabia
10.4.2 UAE
10.4.3 Rest of Middle East & Africa
10.5 South America
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Rest of South America
11 COMPETITIVE LANDSCAPE
11.1 Introduction
11.2 Market Ranking/Share Analysis of Key Companies
11.3 Company Benchmarking
12 COMPANY PROFILES
12.1 DENSO CORPORATION
12.1.1 Company Overview
12.1.2 Financial Overview
12.1.3 Products/Solutions/Services Offered
12.1.4 Key Developments
12.1.5 SWOT Analysis
12.2 MAHLE GmbH
12.3 Valeo
12.4 Dana limited
12.5 Hanon Systems
12.6 SANDEN HOLDINGS CORPORATION
12.7 T.RAD Co., Ltd.
12.8 Nippon Light Metal Holdings Co., Ltd.
12.9 Clizen Inc.
12.10 GEA Group Aktiengesellschaft
12.11 Others
13 APPENDIX
13.1 Key Industry Expert Insights
13.2 Primary Discussion Guide
13.3 Customization Options
About Forencis Research
Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.
Contact Us
FORENCIS RESEARCH
Phone: +1 (720) 306 9020
Email: [email protected]
For more market research insights, please visit https://www.forencisresearch.com