Optimising thermal management systems has become essential as automakers must improve their fuel economy to comply with tougher norms. This has been observed across the globe as most countries have signed the Paris Agreement. A primary method of lowering carbon emissions is through automotive heat exchangers. Carmakers have invested massive sums to maximize thermal efficiency with radiators, intercoolers, and oil coolers being some common examples available in the global automotive heat exchanger market.
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Trickle Down of HVAC Systems Into Budget Cars Aids Automotive Heat Exchanger Market
Rapidly rising purchasing power coupled with the desire for personal mobility is expected to benefit the automotive heat exchanger market. As HVAC systems become commonplace on entry-level vehicles, it is likely to spur demand for automotive heat exchangers. Automakers seek to differentiate themselves from their competitors by offering a superior driving experience. Analysts estimate that luxury cars with sophisticated cooling systems will spur demand in the global automotive heat exchanger market.
COVID-19 Remote Working Has Led to Decline in Automotive Heat Exchangers Market
COVID-19 laid bare the weaknesses of the global supply chain industry and automotive heat exchangers are the norm and not exception to this reality. Material suppliers faced international bans on shipments and logistics. Some automakers suspended production during the height of the pandemic. The work-from-home mandates led to a seismic shift in working overnight as it eliminated the need to commute to office. This is predicted to have a significant impact on the automotive heat exchanger market, especially in the short-term.
PHEV Segment of Electric Vehicles Sparks Demand For Automotive Heat Exchangers
The demand for automotive heat exchangers in plug-in hybrid electric vehicles (PHEV) has been noteworthy recently. PHEVs should supercharge growth in the EV segment even though they sell less in absolute volumes than either hybrid electric vehicles (HEV) or battery electric vehicles (BEV). The demand for original equipment and aftermarket sales has skyrocketed, particularly in emerging economies and this is likely to continue for the forecast period. As the replacement time for new vehicles extends, the preowned vehicle market is projected to boost the aftermarket segment of the automotive heat exchanger market.
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China’s Automotive Market Dwarfs Western Ones
In the 21st century, APAC is the global manufacturing hub with China’s automotive market being larger than the U.S, Germany, and France combined. Western giants have invested heavily in the region with to take advantage of favourable policies, cheaper labour, abundant resources, and lower CAPEX. As this trend accelerates in the coming years, it is likely to benefit the APAC automotive heat exchanger market.
Companies Profiled
The automotive heat exchanger market is fragmented and companies have formed alliances to broaden their customer base. In October 2017, Mahle and Faurecia unveiled a thermal management system in the automotive heat exchanger market. Other companies playing a role in the automotive heat exchanger market are Denso, AKG Thermal Systems, Inc, Danfoss, Valeo, American Industrial Heat Transfer Inc., Dana, T.Rad, Constellium N.V., Nippon Light Metal, AKG, Clizen, Climetal Heat Exchangers, Sanden, Calsonic Kansei, G&M Radiator, aand Banco Products Ltd.
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New York, NY 15 Feb 2021: The global Heat Exchanger Market is anticipated to reach USD 33.01 billion by 2026 according to a new study published by Polaris Market Research.
Heat exchanger is a very dynamic industry concerning raw materials, equipment manufacturing and end-use industries.
A heat exchanger primarily works on the principle of convection and conduction for making transfer of thermal energy in the required processes.
New technological developments and increased demand for energy-efficiency in almost every industrial and commercial sector around the globe has been a force majeure for the global heat exchangers market.
Request For Sample Copy @ https://www.polarismarketresearch.com/industry-analysis/heat-exchangers-market/request-for-sample The global market has significantly evolved around the technological efficiency of the products, their raw materials and government initiatives for energy efficiency across the world.
Manufacturing practices in chemicals & petrochemical plants and up gradations of plants and facilities has also resulted in reduced carbon emissions contributing to the global climate mandates.
October 31, 2018: This report studies the global High Heat Foam market status and forecast, categorizes the global High Heat Foam market size (value & volume) by manufacturers, type, application, and region.
This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia).The major manufacturers covered in this report• BASF • Rogers Corporation • Evonik Industries • UBE Industries • Wacker Chemie • Sabic • Armacell International • Sinoyqx • Puren • Intec FoamsRequest a Free Sample Copy of this Report @ https://www.radiantinsights.com/research/global-high-heat-foam-market-research-report-2018/request-sampleGeographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering• North America • Europe • China • Japan • Southeast Asia • IndiaOn the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into• Silicone • Polyimide • Melamine • Polyethylene • OthersOn the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including• Automotive • Railway • Industrial • Aerospace • OthersThe report “Global High Heat Foam Market Research Report 2018” is available now at https://www.radiantinsights.com/research/global-high-heat-foam-market-research-report-2018The study objectives of this report are:• To analyze and study the global High Heat Foam capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025); • Focuses on the key High Heat Foam manufacturers, to study the capacity, production, value, market share and development plans in future.
• Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
The latest market research report on Global Heat Pump Water Heaters Market by KD Market Insights is a data-driven research providing relevant statistics on the state of the industry and is an imperative source of guidance for interested companies and individuals.
The segmentation insights of global Heat Pump Water Heaters market presented in the report are as follows:Market Segmentation:By Type:Air Source Heat PumpWater Source Heat PumpGround Source Heat PumpBy Rated Capacity:Up to 10 kW10‒20 kW20‒30 kW30‒100 kW10–150 kWAbove 150 kWBy Storage Tank Capacity:Up to 500 LT500‒1,000 LTAbove 1,000 LT By End Use Vertical:Residential UseCommercial and Industrial UseRegional Outlook:Regionally, the global Heat Pump Water Heaters market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Also, the classification of market data and analysis of region into countries is covered in the market research report.
Further, the regions are segregated into the country and regional groupings:- North America (U.S. & Canada)- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe)- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand, and Rest of Asia Pacific)- Latin America (Brazil, Mexico, and Rest of Latin America)- Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa)Some of the companies competing in the Heat Pump Water Heaters Market areThe key players of the market are listed in this section of the study.
It helps to understand the tactics and alliances that players concentrate on fighting market rivalry.
The major players operating in the Global Heat Pump Water Heaters market are -Bosch IndustriesPanasonicHitachiGreeGe AppliancesWotechMidea GroupIngersoll RandViessmann GroupMitsubishi Electric CorporationLennox International Inc.Fujitsu General LimitedHaier Group CorporationRheem Manufacturing CompanyO.
