Automotive Intercooler Market Trends

Growth Drivers

• Emerging Regulations for Reducing Nitrous Oxide (NOx) Emissions – The exhaust gas recirculation cooler (EGR-C) is a critical component in gasoline engine systems to reduce NOx emissions. Automotive Intercooler curbs NOx by releasing combustible gas into the engine.

It is estimated that over 2 million tons of NOx emissions are released into the environment from road vehicles around the world in 2021.

• Upsurge in the Demand for Sports Cars and Golf Cart- There has been growing popularity among people about sports cars and golf cart that is further expected to drive automotive intercooler market growth.

It is estimated that the unit sales of sports cars around the world are projected to reach around 919,000 vehicles in 2026.

Challenges

• Stringent Emission Standards to Regulate Concentrations of Exhaust Emissions – Fuel vehicles produce a lot of emissions into the air, which causes an increase in the percentage of greenhouse gases in the environment. The government imposed strict regulations to reduce the leading problem of global warming across the world. Also, the rising adoption of electric vehicles to reduce air pollution is estimated to limit the growth of the market.

• Complexity of the System
• Possibility of Leakage of the Coolant