Automotive Heat Exchanger Market Projected to Expand at a CAGR of 3.4%, Elevating to a Valuation of USD 49.8 billion by 2034 | Analysis by Transparency Market Research Inc.
The global automotive heat exchanger market is thriving due to the rising adoption of electric vehicles and increased vehicle ownership. These factors drive demand for heat exchangers that meet stringent performance and durability standards.
Wilmington, Delaware, United States, Transparency Market Research Inc. -, Aug. 13, 2024 (GLOBE NEWSWIRE) — The global automotive heat exchanger market (자동차 열교환기 시장) stood at US$ 34.2 billion in 2023, and the global market is projected to reach
Global Automotive Heat Exchanger Market: Regional Landscape
- The automotive heat exchanger market (Markt für Kfz-Wärmetauscher) in Asia Pacific is thriving, fueled by the rise in automobile production in developing countries like China and India. Asia Pacific hosts some of the world’s leading vehicle manufacturers and witnesses substantial sales of both passenger cars and commercial vehicles.
- In 2022, China led commercial vehicle production in the region with around 3.18 million units, followed by Japan with approximately 1.27 million units. The market value in China and Japan is further bolstered by increasing demand for private cars equipped with advanced features, driving the need for high-quality automotive heat exchangers to ensure efficient thermal management and optimal vehicle performance.
Global Automotive Heat Exchanger Market: Key Players
- In 2023, AKG Group introduced a revolutionary automotive heat exchanger design featuring advanced materials and enhanced thermal efficiency. This innovative development offers improved performance and durability, catering to the evolving demands of the automotive industry for more efficient and reliable thermal management solutions.
- In 2023, BANCO Products Ltd. unveiled a next-generation automotive heat exchanger technology designed to optimize energy transfer and reduce fuel consumption in vehicles. This cutting-edge solution promises to enhance vehicle efficiency and sustainability while meeting stringent regulatory requirements for emissions reduction.
Global Automotive Heat Exchanger Market: Segmentation
Component
- Engine Radiator
- Condenser
- Evaporator
- Oil Cooler
- Heater
- Charge Air Cooler
- Exhaust Gas Heat Exchanger
- Battery Cooling System
- Air Conditioner
- Heat Pump
- Others
Design
- Plate Bar
- Tube Fin
- Others
Material
- Aluminum
- Copper
- Others
Vehicle Type
- Passenger Vehicle
- Hatchback
- Sedan
- SUV
- Light Commercial Vehicle
- Heavy Duty Truck
- Bus & Coach
- Off-road Vehicle
- Agriculture Tractor & Equipment
- Construction & Mining Equipment
Sales Channel
- OEM
- Aftermarket
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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