Charge Air Coolers Market Trends

Growth Drivers

Growing Advancements in Engine Technology – The growing technological advancement in the sphere of engines has demanded an improvement in the design and performance of engines. As a result, there has been a surge in the utilization rate of charge air coolers owing to their enhancement in fuel efficiency and other advantages.
Rising Need to Protect the Environment – The application of air charge coolers helps in lowering the negative environmental impact by reducing emissions, energy consumption, and release of carbon dioxide.
Increasing use of Turbochargers – Due to the rising use of turbochargers in various applications of numerous industries, the demand for charge air coolers has also increased on account of their advantages in lowering the temperature, reliability, and durability.

Challenges

Increasing Adoption of Electric Vehicles – The demand for charge air coolers is positively related to the sales of vehicles with internal combustion in vehicle engines. As electric vehicles do not require cooling systems, their demand could hamper the charge air coolers market growth in the next few years.
Slow Adoption Rate in the Developing Countries
Requirement of Hefty Amounts in the Manufacturing Process

Charge Air Coolers Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	6.1%
Base Year Market Size (2023)	USD 11.67 Billion
Forecast Year Market Size (2036)	USD 25.2 Billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of charge air coolers is assessed at USD 12.31 Billion.

The charge air coolers market size was valued at USD 11.67 Billion in 2023 and is projected to reach USD 25.2 Billion by the end of 2036, expanding at around 6.1% CAGR during the forecast period i.e., between 2024-2036. Increasing demand for vehicles along with the rising usage of turbochargers in numerous products and rapid industrialization are some of the factors that are estimated to bring lucrative growth opportunities for market growth.

North America region is estimated to be the highest with a industry share of 38% by 2036, led by rising demand for highly-efficient vehicles.

Conflux Technology, MAHLE Group, Dana Incorporated, Hanon Systems Co., Ltd., DENSO Corporation, GEA Group AG, Marelli Corporation, Valeo Group, Kelvion Holding GmbH, Vestas aircoil A/S

Charge Air Coolers Market Trends