Global Automotive Heat Exchanger Market: Key Highlights
Global Automotive Heat Exchanger Market: Key Market Dynamics
Global Automotive Heat Exchanger Market: Regional Overview
The Asia-Pacific region is projected to be the largest contributor to the automotive heat exchanger market owing to the growing automotive sector. The growth in the automotive sector in the region is mainly owing to the increasing demand for luxury and electric vehicles. This demand is expected to drive the market during the forecast period. Among the Asia Pacific, China is one of the prominent destinations for the automotive market, which is projected to drive the automotive heat exchanger market growth.
The automotive sector plays a vital role in boosting the European economy. The growing automotive sector in the region is the prominent factor pushing the overall economy. In Europe, 19.2 million vehicles are manufactured every year as per the data shared by the European Automobile Manufacturers Association (ACEA). The rising demand for vehicle production and the demand for heating, ventilation, and air conditioning (HVAC) in Europe has boosted the automotive heat exchanger market. The prominent importing countries of heat exchangers are Germany, France, Italy, and United Kingdom.
Global Automotive Heat Exchanger Market: Key Players Overview
Denso Corporation is a Japan-based company engaged in manufacturing of automotive components and products that include airbags, ignition systems, automobile air conditioners, generators, spark plugs with iridium electrode and power steering systems. The powertrain cooling system includes a radiator which stabilizes the increased temperature and maintains overheating and thermal efficiency. Denso develops radiators that are reliable based on advanced heat exchange technology.
MAHLE GmbH is a German-based company. The company is specialized in manufacturing automotive systems such as engine peripherals and internal combustion engines. MAHLE GmbH is expertise in developing and implementing cooling circuit solutions for interior air conditioning, engine, charge air and hybrid components such as power electronics, battery, and electric motor.
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