Charge Air Coolers Sector: Growth Drivers and Challenges
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 |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
6.4% |
|
Base Year Market Size (2024) |
USD 12.39 billion |
|
Forecast Year Market Size (2037) |
USD 27.75 billion |
|
Regional Scope |
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Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
Charge Air Coolers Market in 2025 is estimated at USD 13.02 billion.
The global market size surpassed USD 12.39 billion in 2024 and is projected to witness a CAGR of over 6.4%, crossing USD 27.75 billion revenue by 2037.
North America is forecast to achieve USD 10.55 billion by 2037, attributed to rising focus on fuel efficiency and demand for highly-efficient vehicles.
The major players in the market include 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.
