Research Nester assesses the growth and market size of the global charge air coolers market which is anticipated to be on account of the growing importance of turbochargers in vehicles that needs efficient cooling system.
New York – May 24, 2023 - Research Nester’s recent market research analysis on “Charge Air Coolers Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global charge air coolers market in terms of market segmentation by type, design, position, end-use, and by region.
Growing Number of Vehicles in the World to Promote Global Market Share of Charge Air Coolers
The global charge air coolers market is estimated to grow majorly on account of the increased number of vehicles in the world which require efficient cooling systems such as charge air coolers for increasing the durability and reliability of the cars. Furthermore, the growing demand for heavy-duty vehicles for transportation and other causes is also estimated to bring in lucrative growth opportunities.
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Some of the major growth factors and challenges that are associated with the growth of the global charge air coolers market are:
Growth Drivers:
- Growing Advancement in the Engine Technology
- High Focus on Reducing Environment Impact
Challenges:
The rising demand for electric vehicles and the requirement of hefty amounts of investments are some of the major factors anticipated to hamper the global market size of charge air coolers.
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By type, the global charge air cooler market is segmented into air-cooled and liquid-cooled. Out of these, the air-cooled segment is attributed to holding the largest market share and growing at a steady rate. 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.
By region, the North American charge air coolers market is to generate the highest revenue by the end of 2035. The rising focus on bringing optimum fuel efficiency in vehicles and the demand for highly-efficient vehicles by Americans are the major key factors driving the market growth. Furthermore, increasing spending capacity on highly developed technologies and new products is estimated to help flourish the market in the region in the upcoming years.
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This report also provides the existing competitive scenario of some of the key players of the global charge air coolers market which includes company profiling of 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, and other key players.
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