June 22, 2021 07:18 ET | Source: Research and Market Research and Market

Dublin, June 22, 2021 (GLOBE NEWSWIRE)-"The automotive charge air cooler market is classified by type (air-cooled, liquid-cooled), location (integrated, independent), design (tubes and fins, rods and plates), Fuel Type (Gasoline, Diesel), Vehicle (PC, LCV, Truck, Bus), Material, Sales Channel and Region-Global Forecast to 2026" report has been added to ResearchAndMarkets.com products.

The automotive charge air cooler market is expected to be 2.8 billion U.S. dollars in 2021, and is expected to grow to 3.9 billion U.S. dollars by 2026, with a compound annual growth rate of 7.1% during the forecast period. Today, the automotive industry is taking important steps towards stricter emission regulations and fuel consumption, which has led to an increase in the demand for components and modules used to control the intake air temperature of traditional vehicles. This factor is expected to significantly drive the demand for charge air coolers during the forecast period.

Car charge air coolers are combined with turbocharging to reduce fuel consumption and carbon dioxide emissions. These components maintain and increase the power output and torque of the vehicle.

As the degree of turbocharging increases, so does the need to cool and heat the air. Therefore, the charge air cooler plays a vital role in cooling the engine. With the trend of miniaturization of engines in the automotive industry, automakers and manufacturers are focusing on reducing fuel consumption and improving vehicle efficiency.

In vehicles, charge air coolers are mainly used to improve engine combustion efficiency. Government regulations on carbon emissions and the ever-increasing performance requirements for ICE vehicles are growing significantly. Companies such as MAHLE GmbH, Modine Manufacturing Company, and Dana Incorporated are leading manufacturers of thermal systems such as charge air coolers, battery coolers, coolant pumps, and EGR coolers in the automotive and other industries. The latest stage of MAHLE's development includes indirect cascade charge air cooling integrated into the intake pipe. The system provides minimal pressure loss and significant packaging advantages. It uses a two-stage cooling process to generate a charge air temperature close to the coolant temperature.

"Compared with liquid-cooled supercharged air coolers, the advantages that drive this market segment"

The air-cooled charge air cooler, as the name suggests, uses air as a medium to cool the charge air from the turbocharger. This charge air cooler works by passing charge air through a network of small tubes and then a series of heat sinks. Heat is transferred from the hot compressed air to the heat sink, which is further cooled by the airflow from outside the vehicle.

Air-cooled charge air coolers are more popular than liquid-cooled charge air coolers. Some outstanding advantages of air-cooled coolers include simple design, low cost, light weight, simple functions and higher reliability. This makes these supercharged coolers suitable for all vehicle segments. In addition, the cooling provided by these air coolers is quite good, making them the first choice of original equipment manufacturers. Therefore, the operating and cost advantages and the relatively high efficiency will ensure the steady growth of air-cooled charge air coolers during the forecast period.

The Asia-Pacific region is the largest market for air-cooled charge air coolers, accounting for more than 56% of the entire air-cooled market segment. The market here is mainly driven by China, India, Japan, and South Korea. These countries have high output of passenger cars and commercial vehicles. As the penetration rate of turbochargers in gasoline vehicles continues to increase, coupled with the region's sensitivity to prices, the Asia-Pacific region will maintain its dominant position in the air-cooled car charge air cooler market. "HVAC systems are increasingly being used to drive fins and tube sections"

Finned tube heat exchangers usually have tubes with fins connected to the outside. In this type of charge air cooler, since the liquid flows through the inside of the tube for heat transfer, the heat transfer rate is higher, and the heat transfer surface area is increased due to the fins. Finned tube heat exchangers are the most widely used heat exchangers in the automotive field. This type of heat exchanger is used in automotive radiators and condensers and evaporator coils in HVAC systems. The increasing adoption of HVAC systems in developing countries is driving the development of the fin-tube charge air cooler market.

The Asia-Pacific region has a leading position in the field of finned tubes in the automotive charge air cooler market. These charge air coolers are mainly used in passenger cars and some light commercial vehicles. Due to the high production of passenger vehicles, especially in China, the Asia-Pacific region is expected to continue to dominate the market throughout the forecast period. As the penetration rate of turbochargers in gasoline passenger cars continues to increase, North America is expected to record the highest growth rate, thereby driving the finned tube market.

"The government encourages the reduction of emissions to promote the development of the gasoline industry"

Gasoline engines are mainly used in passenger cars and light vehicles. The gasoline consumption of heavy commercial vehicles is almost zero. North America and the Asia-Pacific region are the largest markets for gasoline passenger vehicles. The use of turbochargers in gasoline vehicles is a new trend to reduce emissions and improve vehicle efficiency. Due to strict emission regulations, the application of turbochargers in passenger cars in North America and Europe is high.

Strict vehicle emission environmental regulations have led to the adoption of gasoline systems. In the long run, governments plan to phase out diesel vehicles. With the phasing out of diesel vehicles, it is expected that gasoline vehicles will become more prominent during the forecast period. In addition, the increased use of turbochargers will ensure continued demand for charge air coolers in the coming years.

Due to the decline in technology prices and new emission regulations, the use of gasoline engines is expected to increase substantially, which will encourage OEMs to increase the penetration rate of turbochargers in gasoline passenger cars.

The report segmented the automotive charge air cooler market, and based on type (air-cooled charge air cooler and liquid-cooled charge air cooler), fuel type (gasoline and diesel), design (fin Tubes and bars), vehicle types (passenger cars, light commercial vehicles, trucks and buses), location (independent and integrated), materials (aluminum, stainless steel, copper, others (plastics, reinforced fibers, etc.), sales channels ( OEM and aftermarket) and regions. It also covers the competitive landscape and company profiles of the major players in the automotive charge air cooler market ecosystem.

The main benefits of buying a report:

6 Automotive Charge Air Cooler Market, by Type

7 Automotive Charge Air Cooler Market, by Location

8 Automotive charge air cooler market, as designed

9 Automotive charge air cooler market, by fuel type

10 Automotive charge air cooler market, by model

11 Automotive charge air cooler market, by material

12 Automotive Charge Air Cooler Market, by Sales Channel

13 Automotive charge air cooler market, by region

For more information about this report, please visit https://www.researchandmarkets.com/r/v3lyso