Charge Air Coolers Segmentation
Type (Air-cooled, Liquid-cooled)
The market share of air-cooled segment is attributed to be much higher with 59% by the end of the forecast period. 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.
End-Use (Automotive, Marine, Power Generation, Oil & Gas)
The automotive segment is poised to grow significantly and will hold a market share of 32% by 2037. The increasing number of vehicles across the world is a positive indicator of the surging demand for charge air coolers. By the end of 2022, there were more than 2 billion motor vehicles present across the globe.
Furthermore, the requirement for a powerful engine and the increased production of high-performance vehicles is also slated to bring lucrative growth opportunities for the segment.
Our in-depth analysis of the global market includes the following segments:
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