Charge Air Coolers Market Size & Share, Global Report 2035

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Charge Air Coolers Market: Key Insights

Base Year	2022
Forecast Year	2023-2035
CAGR	~ 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)

Global 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.

Challenges

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 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 market includes the following segments:

Type	Air-cooled Liquid-cooled
Design	Two strokes Four Stroke
Position	Integrated Standalone
End-Use	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.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the charge air cooler market?

Ans: 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.

2) What would be the CAGR of charge air cooler market over the forecast period?

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

3) What are the challenges affecting the charge air cooler market growth?

Ans: 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.

4) Which region will provide more business opportunities for growth of charge air cooler market in future?

Ans: 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.

5) Who are the major players dominating the charge air cooler market?

Ans: 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.

6) How are the company profiles selected?

Ans: 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.

7) What are the segments in the charge air cooler market?

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

8) Which segment captures the largest market size in the end-use segment in the charge air coolers market?

Ans: 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 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

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