Global Automotive Charge Air Cooler Market Size Estimated to Reach USD 6,162.61 Million By 2032, With 7.1% CAGR Growth: Polaris Market Research

NEW YORK, Jan. 18, 2023 /PRNewswire/ -- A latest research report [115+] pages with 360-Degree visibility, titled "Automotive Charge Air Cooler Market Share, Size, Trends, Industry Analysis Report, By Product Type (Air-cooled and Liquid-cooled); By Vehicle Type; By Design Type; By Position Type; By Region; Segment Forecast, 2023-2032" published by Polaris Market Research in its research repository.

According to the research report, the global automotive charge air cooler market size was valued at USD 3,094.96 Million in 2022 and is expected to reach USD 6,162.61 Million by 2032, growing at a CAGR of 7.1% during the forecast period.

What is Automotive Charge Air Coolers? How Big is Automotive Charge Air Cooler Market Size & Share?

• Overview

The charge air cooler is an intermediary between the turbocharger and the engine. It pacifies the engine air after it has progressed through a turbocharger and before it goes into the combustion chamber of the engine. The rapidly rising demand for the automotive charge air cooler market can be attributed to the fact that this intermediary enhances engine performance noticeably and reduces emissions.

The air with lesser temperature and enhanced density assists in achieving the best power for the combustion procedure in the engine. It also reduces the fuel consumption needed. The supreme usage is in commercial and passenger vehicles. Demand for curtailment in fuel consumption and extended engine power and reduced emissions, increasing usage of turbochargers in machinery, and growth in demand for passenger and commercial vehicles are the elements responsible for the growth of the industry.

Request Sample Copy of Automotive Charge Air Cooler Market Research Report @ https://www.polarismarketresearch.com/industry-analysis/automotive-charge-air-cooler-market  

(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, Table of Contents, Graphical introduction of regional analysis, Top players in the market with their revenue analysis and our research methodology.)

Our Sample Report May Includes:

• 2032 Updated Report Introduction, Overview, and In-depth industry analysis.
• 115+ Pages Research Report (Inclusion of Updated Research).
• Provide Chapter-wise guidance on Request.
• 2023 Updated Regional Analysis with Graphical Representation of Size, Share & Trends.
• Includes Updated List of table & figures.
• Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis.

Key Highlights of the Report:

• Air-cooled segment accounted for over largest market share in 2022 on account of various benefits offered by these products including reliability and simplicity
• Passenger vehicles segment held the largest market revenue share in 2022 owing to increased prevalence of charge coolers to enhance the efficiency of turbo-charge combustion engine
• Fin & tube design type segment dominated the global market and accounted for significant market share due to high integration among high-pressure applications
• Standalone segment accounted for the maximum market share in 2022, which can be attributed to integration of developed and advanced mechanism of separate components
• North America is expected to grow at a high CAGR over the projected period on account of the increase in vehicle sales

Some of the Top Market Players Are:

• Dana Ltd.
• T.RAD Co. Ltd.
• Modine Manufacturing
• Hanon Systems
• Banco Products
• Radicon Company
• Kelvin Holding
• Delphi Technologies
• Dura-Lite Heat Transfer
• Valeo
• MAHLE
• AKG Group
• Sterling Thermal Technology
• Vestas Aircoil

To know an additional revised list of top market players, request a sample report, 2023-2032: https://www.polarismarketresearch.com/industry-analysis/automotive-charge-air-cooler-market/request-for-sample

Growth Driving Factors

• Increasing the acquisition of turbocharger technology to push the market

The turbocharger assists in lessening the vehicle's emissions. Utilizing a turbocharger reduces the displacement volume of the cylinder, which lessens the volume of the fuel needed for similar power, thus lessening the vehicle's exhaust emissions. It also escalates fuel efficiency. Therefore, these reasons have advanced the acquisition of turbocharger technology, specifically in passenger cars. The automotive charge air cooler market size is expanding as emission regulations, remarkably those impacting diesel engines, have hastened the integration rate with turbochargers.

Stringent fuel economy regulations with outstandingly higher mpg targets and severe restrictions and greenhouse gases that include carbon dioxide from engine exhaust discharge have prompted the shift of a performance segment towards a conventional fuel-saving presence. Automotive charge air cooler market sales are soaring globally; car builders have robustly tracked gasoline engine downsizing and, to a lesser extent, diesel downsizing.

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Recent developments

• In September 2022, Novamax, a leading air cooler and components brand, declared the initiation of its contemporary range of durable and premium quality industrial air coolers. The newly advanced air cooler range comprises several inventive features involving consistent airflow technology, unique padding, and shockproofing.

Segmental Analysis

• The air-cooled segment accounted for the largest market share

By product type, the air-cooled segment accounted for the largest market share and is anticipated to sustain its position over the forecast period. This is due to comprehensive utilization in the automotive industry and the many advantages offered by these products, such as design simplicity, improvised dependability, and lesser performance expenditure. Automotive charge air cooler market demand is on the rise due to the easy installation of these charge coolers in several vehicles, and ample cooling makes them an OEM's preferred option and influences the growth of the segment market.

• The passenger vehicle segment dominated the global market

Based on vehicle type, the passenger vehicle segment dominated the global market and will likely record an appreciable growth rate over the coming years. Automotive charge air cooler market trends include the growing pervasiveness of air charge coolers to enhance the efficacy of turbocharged conventional engines and decrease the extent of pollutant emission globally are the key factors propelling the market growth. 

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Automotive Charge Air Cooler Market Report Scope

Geographic Overview

• Increased product and demand for passenger vehicles to drive the Asia Pacific market

Asia Pacific held the most significant automotive charge air cooler market share due to increased product and demand for passenger vehicles and many directives linked with emissions, particularly in advanced countries such as China, India, and Indonesia. The Asian countries are generating gainful demand for products, including automobiles, with the appearance of some biggest producers in the world, which is further augmenting the market growth.

North America is anticipated to emerge as a speedily growing region in the global market during the expected period, which is mainly propelled by an escalating number of research and development activities in the automotive division to invent highly advanced products and escalated consumer consciousness toward the detrimental effects of greenhouse gas emissions on their health and environment too.

Browse the Detail Report "Automotive Charge Air Cooler Market Share, Size, Trends, Industry Analysis Report, By Product Type (Air-cooled and Liquid-cooled); By Vehicle Type; By Design Type; By Position Type; By Region; Segment Forecast, 2023-2032" with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/automotive-charge-air-cooler-market      

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Polaris Market Research has segmented the automotive charge air cooler market report based on product type, vehicle type, design type, position type, and region:

By Product Type Outlook

• Air-cooled
• Liquid-cooled

By Vehicle Type Outlook

• Passenger Vehicles
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Others

By Design Type Outlook

• Fin & Tube
• Bar & Tube

By Position Type Outlook

• Integrated
• Standalone

By Region Outlook

• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

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SOURCE Polaris Market Research