Global Automotive Heat Exchanger Market is expected to grow from USD 28.9 Billion in 2022 to USD 34.3 Billion by 2027, growing at a CAGR of 3.5%

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Parameters such as the increase in demand for hybrid and plug-in hybrid vehicles, as well as the steady increase in vehicle production will increase the demand for automotive heat exchangers. Additionally, advancements in mobility solutions, coupled with increasing demand for battery thermal management systems, will create new opportunities for this market.

New York, June 16, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Automotive Heat Exchangers Market by Propulsion and Component, Electric Vehicle Type, Design, Vehicle Type, Off-Road Vehicle Type and region – Global Forecast to 2027” – https://www.reportlinker.com/p05376200/?utm_source=GNW

The PHEV segment is expected to grow at a significant rate over the forecast period, by electric vehicle type.
The PHEV segment of the automotive heat exchangers market is expected to grow at a notable rate during the forecast period. PHEVs have rechargeable batteries that can be charged by connecting to external power sources.

PHEVs share attributes of electric vehicles and traditional ICE vehicles. PHEVs have higher electrical range than HEVs and lack the range anxiety associated with BEVs.

Additionally, PHEVs can cover greater distances than BEVs due to the presence of an ICE. There are two main types of PHEVs: series PHEVs and parallel PHEVs.

In production PHEVs, only the electric motor is connected to the wheels, and the ICE is used to generate power for electric power. On the other hand, the electric motor and the ICE are connected to the powertrain in parallel PHEVs.
The growing number of charging stations in China, the United States and the United Kingdom is expected to increase the demand for PHEV. The demand for PHEV is also expected to increase due to tax benefits and incentives offered by various governments.

For example, the Japanese government provides grants of up to USD 8,500 for PHEVs. Countries in Europe, North America and Asia-Pacific have supported the growth of PHEVs through vehicle ownership tax cuts, government incentives, pricing-based incentives and price difference. high fuel prices.

North America is expected to be the second largest market during the forecast period.
The North American region is estimated to show significant growth over the forecast period. North America has several major OEMs such as Ford, General Motors and Fiat-Chrysler.

In addition, the presence of key automotive heat exchanger manufacturers such as Dana Incorporated (USA), Modine Manufacturing Company (USA), BorgWarner Inc. (USA) and Griffin Thermal Products (USA) will also provide the required boost to the automotive heat exchanger. market in North America during the forecast period. The United States is estimated to account for the largest share of the North American automotive heat exchanger market. The American automotive industry is very much about innovation, technology and the development of safe and comfortable automobiles. The US automotive sector is still heavily dependent on ICE vehicles, making it the largest segment. In 2021, the country produced more than 6.3 million passenger cars (including SUVs). The country also has many electric vehicle manufacturing companies such as Tesla, GM and Nissan.

The construction equipment segment is estimated to be the largest market by value in the automotive heat exchanger market during the forecast period
Construction equipment is expected to be the largest segment by application during the forecast period. Construction is an important industry, especially in regions such as Asia-Pacific, where the government is encouraging infrastructure-driven construction by implementing stimulus packages.

After COVID-19, China is focusing on building new digital infrastructure across the country, including building 5G networks, intercity high-speed rail, AI, IoT, power transmission ultra-high voltage and the establishment of R&D institutions. China will spend around $1.4 trillion on digital infrastructure by 2025. Additionally, in March 2021, the Indian government passed a bill to establish the National Bank for Financing Infrastructure and Development (NaBFID) to finance infrastructure projects in the country. These factors are expected to boost the construction sector in Asia-Pacific. Additionally, technological advancements in construction equipment and growing infrastructure development in growing economies are key factors that are expected to support the growth of the construction equipment heat exchanger market.

In-depth interviews were conducted with CEOs, CMOs, other chief innovation and technology officers, and executives from various key organizations operating in this market.
• By type of business: equipment manufacturers – 24%, level I – 67% and other – 9%
• By designation: CXO – 33%, managers – 52% and others – 15%
• By region: North America – 41%, Europe – 23%, Asia-Pacific – 32% and Rest of the world – 4%
The automotive heat exchanger market is dominated by major players such as Denso Corporation (Japan), MAHLE GmbH (Germany), Valeo (France), Hanon Systems (South Korea) and T.RAD Co., Ltd. (Japan). These companies have a strong product portfolio as well as strong global distribution networks.

Research Coverage:
The report covers the automotive heat exchanger market, in terms of propulsion and components (ICE and EV), design (plate bar, tubular fins and others), electric vehicle type (BEV, PHEV and HEV), vehicle type (passenger car, light commercial vehicle, truck, bus), off-road vehicle type (agricultural equipment and construction equipment) and region (Asia-Pacific, Europe, North America and Row). It covers the competitive landscape and company profiles of major players in the Automotive Heat Exchanger market ecosystem.

The study also includes an in-depth competitive analysis of key market players along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Purchasing the Report:
• The report will assist market leaders/new entrants in this market with information on the closest approximations of revenue figures for the overall Automotive Heat Exchanger market and its sub-segments.
• This report will help stakeholders understand the competitive landscape and acquire more information to better position their businesses and plan appropriate go-to-market strategies.
• The report also helps stakeholders understand the pulse of the market and provides them with insights into key market drivers, restraints, challenges, and opportunities.
• The report also helps the stakeholders to understand the current and future price trend of various automotive heat exchangers based on their capacity.
Read the full report: https://www.reportlinker.com/p05376200/?utm_source=GNW

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