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AUTOMOTIVE HEAT EXCHANGER MARKET ANALYSIS

Global Automotive Heat Exchanger Market, By Design Type (Shell and Tube, Plate and Frame, and Others), By Application (Radiators, Inter-Coolers, Oil Coolers, Air Conditioning), By Vehicle Type (Conventional Vehicles, Electric Vehicles and Others), and By Geography (North America, Europe, Asia Pacific, Middle East and Africa) – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

Regional Analysis

Global Automotive Heat Exchanger Market: Regional Insights

Asia Pacific is expected to have the largest market share in the automotive heat exchanger market. This is attributed to the increasing demand for turbochargers and increase in number of electric vehicles especially in the China. For instance, according to Coherent Market Insights analysis, China, the world’s fastest-growing automotive market, is expected to increase turbo penetration from 23% in 2014 to 41% in 2019. This would double the number of turbocharged vehicles sold each year to over 13.01 million. In addition to this, according to the International Energy Agency, in 2016, China held the largest share in the electric car market, accounting for over 40% of the global electric cars sold in the country. This in turn increases demand for automotive heat exchangers in the country.

On the basis of geography, the global automotive heat exchanger market is segmented into:

  • North America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

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