Automotive Heat Exchanger Market to Hit USD 38.41 Bn. by 2029 Competitive Landscape, New Market Opportunities, Growth Hubs, Return on Investments

December 08 19:06 2022
Automotive Heat Exchanger Market to Hit USD 38.41 Bn. by 2029 Competitive Landscape, New Market Opportunities, Growth Hubs, Return on Investments
Automotive Heat Exchanger Market
Automotive Heat Exchanger Market size was valued at US$ 28.5 Bn. in 2021 and the total revenue is expected to grow at 3.8% of CAGR through 2022 to 2029, reaching nearly US$ 38.41 Bn.

Pune, 08, Dec, 2022: The Automotive Heat Exchanger Market report published by Maximize market Research, the market is expected to grow from USD 28.5 billion in 2021 to USD 38.41 billion in 2029, at a CAGR of 3.8 percent for the forecast period from 2022 to 2029.

Automotive Heat Exchanger Market Scope and Research Methodology

The automotive heat exchanger market research includes a detailed analysis of all market participants, including market leaders, followers, and new entrants. The research includes a PORTER, PESTEL analysis with the probable influence of market micro-economic aspects. Decision-makers will have a clear, futuristic vision of the industry as a result of the analysis of both internal and external variables that might positively or negatively impact the organisation. The analysis of the market segments and projections of the automotive heat exchanger market helps in understanding the Automotive Heat Exchanger Market’s dynamics and organisational structure. The automotive heat exchanger market research is made up of a clear competitive analysis of key competitors by segment type and regional presence.

SWOT analysis was used to get the strengths and weaknesses of the Automotive Heat Exchanger Market. Secondary research is used to identify the major market participants, and primary and secondary research are used to calculate their market revenues. While primary research involved in-depth interviews with key opinion leaders and industry professionals including seasoned front-line personnel, CEOs, and marketing executives, secondary research included reading through the annual and financial reports of the leading manufacturers. The secondary organisation sizes are used to calculate the percentage splits, market shares, growth rate, and breakdowns of the global automotive heat exchanger market, which are then confirmed using the main organisation sizes. PESTLE analysis was employed to understand the potential impact of the micro-economic factors affecting the automotive heat exchanger market.

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Automotive Heat Exchanger Market Overview

Heat Exchanger is a machine which transfers heat from one medium to another at different temperatures. These media are often made up of two fluids that run closely against one another and are separated by a material with good heat conduction properties like metals. The main way to identify the fluids is by their temperatures as they enter the heat exchanger. Heat is transferred from the hot fluid to the cold fluid when the two fluids go through the heat exchanger. This transfers the temperature to cold fluids.  

Automotive Heat Exchanger Market Dynamics

Through major R&D investments, heat exchanger manufacturers have achieved incredible pace in analysis, design, and development. The market looks to be fragmented as key main rivals form alliances and compete for the same clients. However, the market’s fragmentation is anticipated to increase over the course of the projection period as a result of new rivals and current firms focusing on vertical integration.

The growing need for turbochargers in autonomous vehicles is the main factor driving the automotive heat exchanger market. There are several advantages in using turbochargers for a car, including better high performance, less pollutants, and reduced fuel usage. Natural Resources Canada (NRC) estimates that a turbocharged engine can reduce fuel use and emissions by 2% to 6% when compared to a normal engine. The increased need for turbochargers in autonomous vehicles IS expected to be a driver for the Automotive Heat Exchanger Market.

The need of reducing NOx has increased due to growing environmental concerns and CO2 emission levels. Laws governing pollution have tightened up globally. Automotive Producers are employing cutting-edge methods to interact with the relevant governments all over the world as a result vehicle weight reduction and changes to the vehicles dynamics to reduce emissions are being done. This is a constraint for the Automotive Heat Exchanger Market.

Automotive Heat Exchanger Market Regional Insights

The Asia Pacific region led the industry with a 45% market share in 2021. Asia-Pacific heat exchangers market is growing at considerable rates, partly because of the constantly rising demand for them due to their diverse applications. The need for automotive heat exchangers in APAC is influenced by a number of factors, including production, demand, and the sheer number of automobiles on the road. In the emerging and growing countries of APAC, the need for automotive heat exchangers is fuelled by the production of new vehicles. The region’s growing use of passenger vehicles over the past three years has driven the growth of the automotive aftermarket, which has significantly helped the development of the automotive heat exchanger market.

Automotive Heat Exchanger Market Segmentation 

By Electric Vehicle Type: 

  • BEV
  • PHEV
  • HEV

By Off-highway Vehicle Type:

  • Agricultural equipment
  • Construction equipment

By Design Type: 

  • Plate Bar
  • Tube Fin
  • Other

Automotive Heat Exchanger Market Key Manufacturers are: 

  • AKG Thermal Systems Inc.
  • American Industrial Heat Transfer Inc.
  • Banco Products (India) Ltd
  • Climetal SL – Heat Exchanger
  • Constellium SE
  • DENSO Corporation
  • G&M Radiator Mfg Ltd
  • Hanon Systems
  • MAHLE GmbH
  • MODINE MANUFACTURING COMPANY
  • Nippon Light Metal Holdings Co. Ltd
  • Valeo SA

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Key questions answered in the Automotive Heat Exchanger Market are: 

  • What is the current size of the global automotive heat exchanger market? 
  • Who are the winners in the global automotive heat exchanger market? 
  • What is the nature of competition in Automotive Heat Exchanger industry in developed and developing economies? 
  • Who are the key players in the Automotive Heat Exchanger Market?
  • What is the projected market size & growth rate of the Automotive Heat Exchanger Market?
  • What are the top players operating in the Automotive Heat Exchanger Market?
  • Who are the market leaders in Automotive Heat Exchanger in India, China, Japan and South Korea?
  • What are the factors affecting growth in the Automotive Heat Exchanger Market? 
  • Who held the largest market share in Automotive Heat Exchanger Market? 
  • What are the factors for the growth of Asia-Pacific region in Automotive Heat Exchanger Market?

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis by electric vehicle type, off-highway vehicle type, design type and Region.
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Maximize Market Research is leading Automotive and Transportation research firm, has also published the following reports:

Automotive Turbocharger Market –The Automotive Turbocharger Market size is expected to reach USD 24.02 billion by 2029 at a CAGR of 9.84 percent during the forecast period. The Automotive Turbocharger Market is expected to be driven factors such as the increased average life of vehicles, changing consumer taste for greater power generating automotive, and stringent emission laws in regions such as Europe and North America. 

The Heat Pump Market –The Heat Pump Market size is expected to reach USD 95.4 billion by 2029 at a CAGR of 7.75 percent during the forecast period. The Heat Pump Market is expected to be driven by growing need for heat pumps to meet energy demand across the world.  

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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