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According to MRFR analysis, the global Automotive Charge Air Cooler Market is expected to register a CAGR of ~ 6.8% from 2022 to 2030 and hold a value of over ~USD 4,078 million by 2030. The automotive industry is witnessing a burgeoning auction outlook in the last few years, this is attributed to huge technological advancements within the industry. The automotive industry has developed numerous technologies like auto charge air coolers to recover vehicle performance. This air cooler is a heat exchanger, and it is prepared between the internal combustion locomotive and turbocharger to cool the air before it enters the engine. Thermal management at the powertrain of a vehicle plays an energetic role in delivering optimum performance. Automobile charge air coolers are designed to inferior the temperature of air from 220oC to 40 oC this then improves the volumetric efficiency of the automotive vehicle.
The COVID-19 Impact on the Global Automotive Charge Air Cooler Industry, the Delayed adoption of novel vehicles, and hampered automotive production due to the imposition of lockdowns in most countries have stopped the growth of the global automotive charge air cooler market. The automotive industry witnessed a sharp downfall in sales during the period. Numerous major countries had undergone significant supply-chain disruptions which destabilized the market for a couple of years. However, the Automotive charge air coolers market is experiential to get rebounded since mid-2022 and is projected to showcase a growth outlook during the estimated period.
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Key Players:
Some of the key market players are Bell Intercoolers (US), T Rad Co Ltd (Japan), Valeo (France), Spectra Premium, MAHLE Gmbh (Germany, Delphi Technologies, Dana Limited, Vestas Aircoil a/s (Denmark), Conflux Technology, and Modine Manufacturing Company (US)
Market Segmentation:
- The global Automotive Charge Air Cooler Market has been segmented into type, engine type, design, vehicle type, material, and sales channel.
- Based on the Type, The Global Automotive Charge Air Cooler Market has been segmented into Air-Cooled Charge Air Cooler, Liquid-Cooled Charge Air Cooler
- Based on the Engine Type, The Global Automotive Charge Air Cooler Market has been segmented into Gasoline Engines, Diesel Engine
- Design, The Global Automotive Charge Air Cooler Market has been segmented into Fin Tube, Bar Plate
- Based on the Vehicle Type, The Global Automotive Charge Air Cooler Market has been segmented into Passenger Cars, Commercial Vehicle
- Based on the Material, The Global Automotive Charge Air Cooler Market has been segmented into Aluminium, Stainless Steel, Copper, and Other
- Based on the Sales Channel, The Global Automotive Charge Air Cooler Market has been segmented into OEM, Aftermarket
Regional Analysis
Asia-Pacific region is predicted to dominate the automotive charge air coolers market while North America and Europe are anticipated to contribute significantly to the global market. The growing demand for highly efficient vehicles through optimum fuel economy is the key force that is driving the market in developed regions. Growing spending on new vehicle purchasing in developing countries is likely to flourish the market during the estimated period. Asia-Pacific is catching the attention of the builders of charge air coolers as the region is the largest producer consumer of automotive vehicles. Countries such as China, India, Japan, South Korea, and Australia are the utmost contributors to the regional market. Other regions such as the Middle East Africa and South America are anticipated to create substantial opportunities in the global automotive charge air coolers market during the estimated period.
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