Automotive Hydrostatic Fan Drive System Market To Reach USD 212.4 Million In 2025 | CAGR 6.7% - Forencis Research

Automotive Hydrostatic Fan Drive Market Size, Share, Trends, Growth, Analysis, Research

Global Automotive Hydrostatic Fan Drive System Market: Key Highlights

  • According to the new market research report Automotive Hydrostatic Fan Drive System Market by Pump Type (Fixed Displacement Pump System and Variable Displacement Pump System) by Component (Pump, Pressure Control Valve, Motor, Sensors, Electronic Control Unit and Others) by Vehicle Type (On-Road and Off-Road ) by Region (Asia Pacific, North America, Europe, Middle East & Africa and South America) – Global Forecast from 2020 To 2025”, the global automotive hydrostatic fan drive system market is estimated to reach USD 212.4 Million in 2025 at a CAGR of 6.7% during forecast period 2020-2025.
  • Rise in demand for energy-efficient and low volatile organic compounds (VOC) emitting vehicles has boosted the demand for electric systems.
  • However, the high initial cost of the variable pump system is expected to restrain the market during the forecast period.

Automotive Hydrostatic Fan Drive Market

Global Automotive Hydrostatic Fan Drive System Market: Key Market Dynamics

  • Rise in demand for energy-efficient and low volatile organic compounds (VOC) emitting vehicles is expected to drive the automotive hydrostatic fan drive system market.
  • In heavy vehicles, engine cooling systems need significant horsepower which also increases the machine noise. For this, strict regulations imposed on vehicle noise limits by the European Parliament and the Council of Europe and others are anticipated to boost the automotive hydrostatic fan drive system market during the forecast period.
  • The variable-pump system offers continuous energy savings with low heat generation and high power required for cooling however it is associated with the high initial cost.  Thus, the high initial cost of the variable pump system will impact market growth.
  •  Rising demand for low fuel consuming vehicles is expected to open up new growth avenues for the automotive hydrostatic fan drive system market in the near future.
  • Strict emission standards for heavy-duty vehicles is likely to act as a challenge for market growth.

Global Automotive Hydrostatic Fan Drive System Market: Regional Overview

  • Asia-Pacific

The Asia-Pacific is projected to gain fast growth for the automotive hydrostatic fan drive system market owing to growing automotive sector. The growth of automotive sector in the Asian countries is mainly due to the increased vehicle production and rising demand for commercial vehicles. Presence of China, in the Asia Pacific, which is one of the prominent destinations for the automotive market, which is projected to drive market growth.

  • Europe           

The automotive sector plays a vital role in boosting the European economy. As per the European Commission, around 7% of the European Union’s GDP is generated by the automotive industry. The rising demand for automotive vehicles in the region is expected to grow the automotive Hydrostatic Fan Drive System market.           

Global Automotive Hydrostatic Fan Drive System Market: Key Players Overview

  • Eaton Corporation:

Eaton Corporation is an Irish company that manufactures products for automotive, industrial, commercial, aerospace and construction markets. The company offers hydraulic products, control equipment, electrical power distribution, fluid connectors, and others. Eaton produces hydraulic services, solutions, and systems.

  • Robert Bosch GmbH:

Robert Bosch GmbH is a German-based company. The company offers industrial products, auto spare parts, mobility, control and drive technology, business process outsourcing, and others. Bosch Rexroth AG is a subsidiary of Robert Bosch GmbH. The company offers hydrostatic fan drive systems that operate in a wide temperature range from -40ºF to 212º F.

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Published : 2020-01-27