According to our new research study on “Automotive Charge Air Cooler Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Fuel Type, Core Type, Vehicle Type, and Geography,” the Automotive Charge Air Cooler market share is projected to reach US$ 4,229.60 million by 2028 from US$ 2,947.29 million in 2022; the automotive charge air cooler market size is estimated to grow at a CAGR of 6.2% from 2022 to 2028.
Fuel efficiency depends on many vehicle parameters, including engine specifications, aerodynamic drag, weight, AC usage, fuel, and rolling resistance. Over the past few decades, there have been advances in all areas of vehicle design. The fuel efficiency of vehicles can also be improved by careful maintenance and driving habits. Hybrid vehicles use two or more energy sources for propulsion. In many designs, a small combustion engine is combined with electric motors. Kinetic energy lost due to heat during braking is recovered as electrical power to improve fuel efficiency. Engines automatically stop when the vehicle comes to a stop and start again when the accelerator is pressed, preventing wasted energy from idling. These factors provide lucrative opportunities for the automotive charge air cooler market growth.
The automotive Charge Air Cooler market has been analyzed into type, fuel, core, vehicle, and geography. Based on type, the automotive charge air cooler market is categorized into air-cooled charge air cooler and liquid-cooled charge air cooler. The air-cooled charge air cooler segment is expected to dominate the automotive charge air cooler market during the forecast period. The automotive charge air cooler market, by fuel type, is subsegmented into gasoline and diesel. The diesel segment is expected to dominate the automotive Charge Air Cooler market during the forecast period. The automotive Charge Air Cooler market, by core type, is subsegmented into tube, fin, bar, and plate. The fin segment is expected to dominate the automotive charge air cooler market during the forecast period. The automotive Charge Air Cooler market, by vehicle type, is subsegmented into passenger cars, LCV, trucks, and buses. The passenger cars segment is expected to dominate the automotive charge air cooler market during the forecast period. In terms of geography, the automotive charge air cooler market is divided into five regions—North America, Europe, Asia Pacific, the Middle East & Africa, and South America. Asia Pacific dominated the overall market in 2021, and Europe contributed to the second-largest market share in 2021.
Dana Incorporated; Delphi Technologies (BorgWarner Inc.); AKG Group; Hanon Systems; Dupont.; MAHLE GmbH; Modine Manufacturing Company; T. RAD Co. Ltd.; Valeo; and Vestas Aircoil are the key players operating in the Automotive Charge Air Cooler market. In addition, several other market players have been analyzed to understand the automotive Charge Air Cooler market size.
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