Global Automotive Cooler Market By Overview
An automotive cooling system performs three functions. A cooling system adds extra to the engine. The cooling system maintains engine word temperature for optimum performance. The cooling system brings the engine up to speed as quickly as possible. This total system adds extra engine power. Maintains constant engine temperature. A cold engine temperature rises quickly. Heats the passenger compartment. Igloo Thermoelectric Iceless Electric Plug-in 12V is one of the best car coolers. It is slightly less expensive than more premium options and includes a handle that makes it easy to transport. It is solidly built and can easily be placed on the floor on the passenger side or back seat. A car cooler is an automobile window-mounted evaporative air cooler, sometimes referred to as a swamp cooler, car cooler is an early type of automobile air conditioner. The demand for reduced fuel consumption is expanding significantly due to the advancement in government and legal authority guidelines and increasing prerequisites for implementation. Hence, the automotive charge air coolers market is expected to grow significantly during the forecast period. The trend of urbanization in the market is increasing rapidly, which is increasing the average income of the urban population and enabling them to improve their lifestyle.
Attributes |
Details |
Automotive Cooler Market Value (2022) |
US$ 2011.8 Mn |
Automotive Cooler Market Projected Value(2032) |
US$ 3391.85 Mn |
Automotive Cooler Market CAGR (2022-2032) |
5.4% |
Global Automotive Cooler Market By Drivers & Restraints
Increased penetration of turbochargers in cars & rising demand for electric vehicle
Increased penetration of turbochargers in passenger cars, implementation of high-performance engines and increased investment in R&D, as well as increased demand and reliable speculation by automakers on research into practical, economical and less harmful products with high luxury. Business life will probably drive the worldwide Charge Air Cooler market. Increasing demand for electric vehicles hampers market growth, due to increased concern about the environmental impact of conventional vehicles, governments around the world are enabling the adoption of vehicles using alternative fuel sources. E.V.s are zero-emission vehicles and are gaining traction across nations for cleaner open vehicles.
Technological advancement
Recent developments confirm that turbochargers have benefited from the rapidly increasing use of the technology in diesel vehicles, thus improving the outlook for the automotive charge air cooler market size. Advances in technology can significantly improve the situation. Solcold is a new technology, Israeli start-up Solcold has developed an eco-friendly material that helps cool the temperature inside a vehicle. Its magic lies in a process known as anti-Stokes fluorescence: when sunlight comes into contact with the coating, it triggers a reaction that converts heat into radiation and provides a cooling effect. In October 2022, Mater's first electric motorcycle officially teased: it's set to launch next month. The company has developed India's first liquid-cooled two-wheeler EV battery pack for upcoming production. The company unveiled India's first liquid-cooled two-wheeler EV battery pack that has been developed keeping in mind the Indian environment and usage conditions. It comes with a smart battery management system and an integrated Intelligent Thermal Management System (IITMS).
Global Automotive Cooler Market By Segmentations & Regional Insights
Automotive Cooler Market is segmented based on product type, vehicle type, application, and region.
Automotive Cooler Market, By Product Type
On the basis of product type, the Automotive Cooler Market is segmented into Plate and Fin, and Tube and Fin. A plate type exchanger consists of thin corrugated plates connected in parallel, creating a cavity for fluid flow inside it. Alternate sides of the plate contain two different fluids, between which heat is transferred, design, a tube bundle or stack is mounted in the shell. End plates are sealed at both ends of the shell and provision is made at one end for expansion. The tubes are enclosed in tube plates at both ends and provide passage for the cooling liquid.
Automotive Cooler Market, By Vehicle Type
On the basis of vehicle type, the Automotive Cooler Market is segmented into Passenger Vehicle, and Commercial Vehicle Charge air coolers for automobiles are used in vehicles such as passenger cars, light commercial vehicles, trucks, and buses. The passenger cars segment is expected to dominate the automotive charge air cooler market during the forecast period.
Automotive Cooler Market, By Application
On the basis of application, the target market is classified into Engine Cooler, HVAC Cooler, Brake Lubricant, and Other. Automotive cooler system is used in engine cooler, HVAS cooler, brake lubricant and others, this system is also used in vehicles engine.
Regional Insights:
On region the Automotive Cooler Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific is likely to witness the highest growth during the same period. China and India are the motors of growth in the Asia-Pacific market for coolers. Both nations together represent more than 60% of the market in Asia-Pacific and are likely to grow at a large double-digit growth rate during the forecast period
Report Scope:
Attribute |
Details |
Base year for estimation |
2022 |
Forecast period |
2022 – 2032 |
Market representation |
Revenue in USD Million & CAGR from 2022 to 2032 |
Market Segmentation |
By Product Type - Plate and Fin, and Tube and Fin By Vehicle Type - Passenger Vehicle, and Commercial Vehicle By Application - Engine Cooler, HVAC Cooler, Brake Lubricant, and Other |
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Automotive Cooler Market report based on product type, vehicle type, application, and region:
Automotive Cooler Market, By Product Type:
- Plate and Fin
- Tube and Fin
Automotive Cooler Market, By Vehicle Type:
- Passenger Vehicle
- Commercial Vehicle
Automotive Cooler Market, By Application:
- Engine Cooler
- HVAC Cooler
- Brake Lubricant
- Other
Automotive Cooler Market, By Region:
- North America
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Global Automotive Cooler Market By Competitive Landscape & Key Players
The key players operating the Automotive Cooler Market includes
- BP P.L.C. (UK) operates oil and gas production assets with BPX Energy. Operating refineries, terminals and pipelines and deploying technological capabilities in hydrocarbons and low carbon businesses.
- Chevron Corporation (US) The world headquarters of Chevron Corporation is located in San Ramon, California, the company is the second largest integrated energy company headquartered in the United States. Through subsidiaries and affiliates, Chevron produces crude oil, natural gas and many other essential products.
- Cummins Filtration (US) is a global power leader that designs, manufactures and markets air, fuel, hydraulic and lube filtration as well as chemical technology products for diesel and gas-powered equipment worldwide.
- Shandong Yuean Chemical Industry Co. Ltd (China) is located in the development zone of Heze, Shandong, which is a high-tech industry specialized in new environmental protection refrigerants, foaming agents. The main products of this company are primary substance refrigerants including r600a, r134a, r290, r1270, r600, r125, r22, r32, etc.
- Gallay Ltd (England) designs and manufactures various systems for temperature-related vehicles, such as engine cooling systems, air conditioning, heating systems, cooling equipment, oil coolers, charge air coolers, cab heaters, engine radiators and various engineering and manufacturing services.
- Hayden Automotive (US) Hayden is a leader in automotive cooling products for transmission, engine and power steering oil cooling. Based in Lewisville, Texas, Hayden Automotive Engineers manufactures and supplies a wide range of products designed to keep cars, trucks or performance vehicles cool.
- Calsonic Kansei is engaged in the manufacture and sale of module products including instrument clusters, heating, ventilation and air conditioning (HVAC) units, electronic components, instrument panels, radiators, condensers, oil coolers and others; Other products include compressors, intake blower units, receiver driers, flexible tubes, rear mufflers and exhaust manifold converters, as well as clean filters and others.
- AKG Thermotechnik International GmbH & Co. KG (Germany) is Development and production of high-performance heat exchangers and complete cooling modules for application in construction equipment, compressed air equipment, industrial coolers, agricultural and forestry equipment, vehicle construction, railroad vehicles, aviation, household appliances and special applications.
- Modine Manufacturing (US) Modine is the Manufacturing Company manufactures heat-transfer and heat-storage technology products. The company develops, manufactures and markets heat exchangers and systems for use in a variety of original equipment manufacturing applications and for sale to a wide range of automotive aftermarket and building markets.
- Nengun Performance website is designed and developed specifically for the sale of aftermarket performance parts, the company aims to make the online and international shipping ordering process as easy as possible.
Global Automotive Cooler Market By Recent News
- In October 2022, the fascinating story of the beginning of motoring in Calcutta. Nicolas-Joseph Cugnot of France developed a three-wheeled, steam-powered vehicle in 1769, considered the first automobile, with water-cooling pipes wrapped around the front of the car instead of radiators and suitable for all types of vehicles. Roads and weather. Others include the American Oldsmobile, named after R E Olds and today a brand of General Motors.
- In October 2022, Dacia at Mondial de l'Auto: presenting new brand identity to customers. Dacia recently started a new chapter by adopting a new brand identity. To date, this has included a new logo, rolled out simultaneously across its range, new dealerships, new designs and new colours. The Mondial de l'Auto in Paris is the chosen venue where Dacia will introduce these exciting developments to the public for the first time.
- In November 2021, Dana Limited announced that its Dana TM4 joint venture is establishing a new production facility in Åmål, Sweden, which will initially produce electric motors for the mobility industry. The new operation will also help the company to offer a wider range of automotive components to European customers.
Global Automotive Cooler Market By Company Profile
- BP P.L.C.(UK)*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Chevron Corporation (US)
- Cummins Filtration (US)
- Shandong Yuean Chemical Industry Co. Ltd (China)
- Gallay Ltd (England)
- Hayden Automotive (US)
- Calsonic Kansei Corporation (Japan)
- AKG Thermotechnik International GmbH & Co. KG (Germany)
- Modine Manufacturing (US).
- Nengun
“*” marked represents similar segmentation in other categories in the respective section
Global Automotive Cooler Market By Highlights
FAQs
The Automotive Cooler Market is segmented into basis of on product type, vehicle type, application, and region.
Increased penetration of turbochargers in passenger cars, implementation of high-performance engines and increased investment in R&D, as well as increased demand and reliable speculation by automakers on research into practical, economical and less harmful products with high luxury. Business life will probably drive the worldwide Charge Air Cooler market
Asia-Pacific is likely to witness the highest growth during the same period. China and India are the motors of growth in the Asia-Pacific market for coolers.
The Key players operating in the Automotive Cooler Market includes BP P.L.C.(UK), Chevron Corporation (US), Cummins Filtration (US), Shandong Yuean Chemical Industry Co. Ltd (China), Gallay Ltd (England), Hayden Automotive (US), Calsonic Kansei Corporation (Japan), AKG Thermotechnik International GmbH & Co. KG (Germany), and Modine Manufacturing (US), Nengun.