Charge Air Coolers Market Size & Share, by Type (Air-cooled, Liquid-cooled); Design (Two strokes, Four Stroke), Position (Integrated, Standalone); End-user (Automotive, Marine, Power Generation, Oil & Gas) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4960
  • Published Date: May 30, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Charge Air Coolers Market size is estimated to surpass USD 25 Billion by the end of 2035, growing at a CAGR of 6% during the forecast period i.e., 2023-2035. In the year 2022, the industry size of charge air coolers was over USD 11 Billion.Charge air coolers are highly used for producing vehicles to regulate air intake temperature and increase engine efficiency.

Many key players operating in the market are focusing on bringing advanced and efficient cooling systems. Also, the rising demand for customized air charge coolers that meet the specific needs of different industries is anticipated to attract investments.

Charge Air Coolers Market
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Charge Air Coolers Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Advancements in Engine Technology – The growing technological advancement in the sphere of engines has demanded an improvement in the design and performance of engines. As a result, there has been a surge in the utilization rate of charge air coolers owing to their enhancement in fuel efficiency and other advantages.
  • Rising Need to Protect the Environment – The application of air charge coolers helps in lowering the negative environmental impact by reducing emissions, energy consumption, and release of carbon dioxide.
  • Increasing use of Turbochargers – Due to the rising use of turbochargers in various applications of numerous industries, the demand for charge air coolers has also increased on account of their advantages in lowering the temperature, reliability, and durability.


  • Increasing Adoption of Electric Vehicles – The demand for charge air coolers is positively related to the sales of vehicles with internal combustion in vehicle engines. As electric vehicles do not require cooling systems, their demand could hamper the charge air coolers market growth in the next few years.
  • Slow Adoption Rate in the Developing Countries
  • Requirement of Hefty Amounts in the Manufacturing Process

Charge Air Coolers Market: Key Insights

Base Year


Forecast Year



~ 6%

Base Year Market Size (2022)

~ USD 11 Billion

Forecast Year Market Size (2035)

~ USD 25 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)


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Charge Air Coolers Segmentation

Type (Air-cooled, Liquid-cooled)

The market share of air-cooled segment is attributed to be much higher with 59% by the end of the forecast period. Air-cooled charge air coolers are extensively used in the automotive sector. As vehicles require efficient cooling systems when operated, the charge air gets cooled with external ambient air with the help of air coolers.

Also, the many benefits of air-cooled charge air coolers such as cost-effectiveness, lightweight, simple design, increased reliability, and ease of operation are estimated to help in expanding the segment size.

End-Use (Automotive, Marine, Power Generation, Oil & Gas)

The automotive segment is poised to grow significantly and will hold a market share of 32% by 2035. The increasing number of vehicles across the world is a positive indicator of the surging demand for charge air coolers. By the end of 2022, there were more than 2 billion motor vehicles present across the globe.

Furthermore, the requirement for a powerful engine and the increased production of high-performance vehicles is also slated to bring lucrative growth opportunities for the segment.

Our in-depth analysis of the global market includes the following segments:


  • Air-cooled
  • Liquid-cooled


  • Two strokes
  • Four Stroke


  • Integrated
  • Standalone


  • Automotive
  • Marine
  • Power Generation
  • Oil & Gas
  • Others

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Charge Air Coolers Industry - Regional Synopsis

North American Market Forecast

North America region is estimated to be the highest with a market share of 38% by 2035. The rising focus on bringing optimum fuel efficiency in vehicles and the demand for highly-efficient vehicles by Americans are the key factors driving the market revenue. Furthermore, increasing spending capacity on highly developed technologies and new products will help flourish the market in the region.

APAC Market Statistics

The Asia Pacific charge air coolers market is set to account for 24% revenue share by the end of 2035. The manufacturers of charge air coolers are attracted to the Asia Pacific region owing to the large consumer base ready to adopt advanced charge air coolers for various products to increase their durability and reliability.

Additionally, countries present in the region including China, India, Japan, and South Korea are the leading exporters and importers of vehicles which are predicted to create a positive outlook toward market expansion in the region.

Research Nester
Charge Air Coolers Market Size
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Companies dominating the Charge Air Coolers Landscape

    • Conflux Technology
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • MAHLE Group
    • Dana Incorporated
    • Hanon Systems Co., Ltd.
    • DENSO Corporation
    • GEA Group AG
    • Marelli Corporation
    • Valeo Group
    • Kelvion Holding GmbH
    • Vestas aircoil A/S


In The News

  • Conflux Technology, a pioneer in heat transfer products, has announced the successful launch of its first pre-designed 3D printed Water Charge Air Cooler (WCAC). This product is beneficial in cooling the air that enters the turbos that are used in the engines of vehicles.
  • MAHLE Group has decided to acquire Behr Hella Service GmbH which will help the company to strengthen its thermal management business.

Author Credits:  Harshita Srivastava, Saima Khursheed

  • Report ID: 4960
  • Published Date: May 30, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing demand for vehicles along with the rising usage of turbochargers in numerous products and rapid industrialization are some of the factors that are estimated to bring lucrative growth opportunities for market growth.

The market size of charge air coolers is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2023-2035.

Rising demand for electric vehicles along with the requirement of high investments and the unavailability of skilled workforce are estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Conflux Technology, MAHLE Group, Dana Incorporated, Hanon Systems Co., Ltd., DENSO Corporation, GEA Group AG, Marelli Corporation, Valeo Group, Kelvion Holding GmbH, Vestas aircoil A/S, other key players.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, design, position, end-use, and by region.

The automotive segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Charge Air Coolers Market Report Scope

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