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Automotive Charge Air Cooler & Heat Exchanger Market Research Report Information By Vehicle Type (Passenger Cars, LCV, HCV), By Material (Aluminum, Stainless Steel, Copper, Others), By Fuel Type (Gasoline, Diesel), By Component (Engine Radiator, Condenser, Evaporator, Oil Cooler, Heater, Charge Air Cooler, Exhaust Gas Heat Exchanger), By Design Type (Fin & Tube, Bar & Plate, Others), And By Region (North America, Europe, Asia-Pacific, and Rest of the World) - Forecast Till 2032


ID: MRFR/AM/19844-HCR | 128 Pages | Author: Sejal Akre| July 2024

Global Automotive Charge Air Cooler & Heat Exchanger Market Overview


Automotive Charge Air Cooler & Heat Exchanger Market Size was valued at USD 23498.0 million in 2022. The Automotive Charge Air Cooler & Heat Exchanger market industry is projected to grow from USD 24,698.4 Million in 2023 to USD 34,897.9 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 3.9% during the forecast period (2023 – 2032). The global automotive charge air cooler and heat exchanger market is a significant and growing segment of the automotive industry. 


These are critical components of a cooling system of a vehicle, which helps in maintaining optimal operating temperatures and improve performance & efficiency of the vehicle. The global automotive charge air cooler and heat exchanger market is expected to grow in the coming years, due to the increasing demand for implementation of stringent emission regulations and technological advancements in automotive charge air cooler and heat exchanger systems. The market is also subjected to certain challenges, including the high cost of charge air cooler and heat exchanger technologies and Integration challenges. However, the growth opportunities for automotive charge air cooler and heat exchangers are significant due to increasing demand for electric & hybrid vehicles.


Automotive Charge Air Cooler & Heat Exchanger Market


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Automotive Charge Air Cooler & Heat Exchanger Market Trends



  • Implementation of Stringent Emission Regulations


The implementation of stringent emission rules & regulations is a key factor driving the growth of the global automotive charge air cooler and heat exchanger market. Governments organizations across the globe have implemented strict emission norms for automobiles due to an increase in environmental concerns. The automotive charge air cooler and heat exchanger play a vital role in reducing emissions & ensuring compliance with these regulations. A charge air cooler cools the compressed air from the turbocharger or supercharger before it passes in the engine's combustion chamber. This helps in increasing the density of the air, allowing more efficient combustion & better engine performance. When the air is cooler, it reduces the tendency for detonation or engine knock, which causes higher emissions. In an automotive engine, a heat exchanger can be used to cool the engine coolant, which in turn helps to cool the engine components & reduce emissions. Charge air cooler and heat exchanger enables an engine to operate at a cooler temperature, thereby reducing the emissions of harmful gases such as carbon monoxide (CO), nitrogen oxides (NOx) and particulate matter (PM). 


Auto manufacturers all over the world are working continuously to improve the fuel efficiency of their vehicles, reduce emissions and to meet the standards set by governments. Advanced charge air cooler and heat exchanger can help improve the fuel efficiency by reducing engine temperatures & improving combustion efficiency. As emission regulations continue to become more strict, further advancements in charge air cooler and heat exchanger technologies in the future can be seen. These stringent rules & regulations are driving the development of more efficient charge air coolers and heat exchangers that can reduce emissions and improving the performance of modern engines. Country specific governments are offering tax incentives to encourage the adoption of lower emission & more fuel-efficient vehicles, which can be accomplished by the usage of advanced charge air coolers and heat exchanger technologies. The governments organizations may also provide subsidies or grants in future to support the development & deployment of advanced, innovative charge air coolers and heat exchangers mostly for smaller businesses & start-ups.


Automotive Charge Air Cooler & Heat Exchanger Market Segment Insights:


The Automotive Charge Air Cooler & Heat Exchanger Market has been segmented based on vehicle type, material, fuel type, component, design, and region.


Automotive Charge Air Cooler & Heat Exchanger Vehicle Type Insights


Based on vehicle type, the Automotive Charge Air Cooler & Heat Exchanger Market has been segmented into passenger cars, LCV, and HCV. The passenger cars segment is estimated to grow at 3.5% during the forecast period, while it accounted for 65.3% share in 2022. Passenger vehicles refer to vehicles designed for the transportation of people rather than goods or cargo. In the Global Automotive Charge Air Cooler Market, passenger vehicles typically include sedans, hatchbacks, SUVs, and other similar types of vehicles. These vehicles are equipped with charge air coolers & heat exchanger to improve their engine performance and efficiency by reducing the temperature of the compressed air that is forced into the engine's combustion chamber. Automotive charge air coolers & heat exchanger are important components in modern engines, as they help to improve fuel efficiency, reduce emissions, and increase engine power output. In the automotive industry, there is an increasing demand for automotive charge air coolers & heat exchanger as governments around the world are imposing stricter regulations on vehicle emissions. As a result, manufacturers are constantly improving their automotive charge air coolers & heat exchanger designs to make them more efficient, compact, and durable to meet these regulatory standards while still delivering high-quality performance to consumers.


Furthermore, the heat exchanger is a critical part of the cooling system in the passenger vehicle. It allows for keeping the engine running at optimum temperature, which improves the performance as well as longevity of the engine. The increasing installation in passenger cars by the automakers for improving the efficiency of the engine.


Figure2: Automotive Charge Air Cooler & Heat Exchanger Market, by Vehicle Type, 2022 & 2032 (USD Million)


Automotive Charge Air Cooler & Heat Exchanger Market, by Vehicle Type, 2022 & 2032


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Automotive Charge Air Cooler & Heat Exchanger Material Insights


Based on material, the Automotive Charge Air Cooler & Heat Exchanger Market has been segmented into aluminum, stainless steel, Copper, and others. The aluminum segment is expected to grow at 3.7% during the forecast period. In 2022, the segment held a 52.2% share of the Automotive Charge Air Cooler & Heat Exchanger Market.


Aluminum is a material commonly used in the global automotive charge air cooler market due to its excellent thermal conductivity, lightweight, and corrosion resistance properties. Aluminum charge air coolers are typically manufactured using a brazed aluminum construction, which involves bonding the individual aluminum components together with a high-temperature brazing process. This construction method allows for a strong and durable charge air cooler that can withstand the high temperatures and pressures generated by the compressed air in the intake system. Additionally, aluminum charge air coolers are easier to manufacture, install, and maintain compared to other materials, such as steel or copper. 


Aluminum charge air coolers are commonly used in a range of vehicles, from passenger cars to heavy-duty trucks and off-road equipment. Advancements in aluminum material technology, such as the development of high-strength alloys and improved manufacturing processes, are driving growth in the global automotive charge air cooler market. Additionally, the increasing demand for lightweight and fuel-efficient vehicles is also contributing to the growth of this market segment.


Automotive Charge Air Cooler & Heat Exchanger Fuel Type Insights


Based on fuel type, the Automotive Charge Air Cooler & Heat Exchanger Market has been segmented into gasoline, and diesel. The gasoline segment is expected to grow at 3.6% during the forecast period. In 2022, the segment held 53.4% of the Automotive Charge Air Cooler & Heat Exchanger Market. Gasoline is a different kind of fuel that is easily found in internal combustion engines, such as those found in automobiles. Petrol is a popular fuel in the Global Automotive Charge Air Cooler Market, powering everything from little cars to large trucks and SUVs. Petrol is derived from crude oil and frequently comprises a mixture of hydrocarbons with varied boiling temperatures. 


Petrol is a potent fuel source for engines due to its high energy density. It is also affordable to manufacture and deliver, making it a realistic choice for many vehicle owners. However, gasoline is a non-renewable resource and the burning of gasoline releases harmful pollutants into the atmosphere, contributing to air pollution and climate change. As a result, efforts are being made to develop cleaner and more sustainable alternatives to gasoline, such as electric and hybrid vehicles.


Automotive Charge Air Cooler & Heat Exchanger Component Insights


Based on component, the Automotive Charge Air Cooler & Heat Exchanger Market has been segmented into engine radiator, condenser, evaporator, oil cooler, heater, charge air cooler, and exhaust gas heat exchanger. The engine radiator segment is expected to grow at 2.4% during the forecast period. In 2022, the segment held a 24.5% share of the Automotive Charge Air Cooler & Heat Exchanger Market.


The engine radiator is a critical component in the worldwide automotive charge air cooler industry. It is in charge of regulating the temperature of the engine coolant, which helps to keep the engine from overheating during operation. The radiator circulates coolant through a series of tubes that are exposed to the air flow caused by the vehicle's movement. This wind distributes the heat generated by the engine, which is then discharged into the atmosphere. The effectiveness and efficiency of the engine radiator have a direct impact on the engine's performance and lifetime, making it a crucial component in the vehicle's overall functionality. As a result, advances in radiator technology, such as the development of more efficient cooling systems and the use of lightweight materials, are propelling the worldwide automotive charge air cooler & Heat Exchanger market forward.


Automotive Charge Air Cooler & Heat Exchanger Design Type Insights


Based on design type, the Automotive Charge Air Cooler & Heat Exchanger Market has been segmented into fin & tube, and bar & plate. The fin & tube segment is expected to grow at 3.8% during the forecast period. In 2022, the segment held 61.8% of the Automotive Charge Air Cooler & Heat Exchanger Market. Fin and tube design is a common type of heat exchanger used in automotive cooling systems. It consists of a series of tubes carrying hot fluid surrounded by fins, which increase surface area and transfer heat to the surrounding air through convection. The design can vary for optimal efficiency and durability.


Automotive Charge Air Cooler & Heat Exchanger Regional Insights


By Region, the study segments the market into North America, Europe, Asia-Pacific and Rest of the World. Further, the major countries studied are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil. In 2022, the Automotive Charge Air Cooler & Heat Exchanger Market was dominated by Asia-Pacific with a 47.9% share, followed by North America, and Europe with shares of around 17% each, while developing countries such as India and China are projected to showcase substantial growth throughout the forecast period.


Figure 3: Global Automotive Charge Air Cooler And Heat Exchanger Market Share By Region 2022 (%)


 AUTOMOTIVE CHARGE AIR COOLER AND HEAT EXCHANGER MARKET SHARE BY REGION 2022


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


A number of substantial advancements and innovations in the sector, the Asia-Pacific Automotive Charge Air Cooler & heat exchanger Market is expanding significantly. Since the need for fuel-efficient automobiles has grown, so has the need for effective automotive charge air coolers. The growing use of turbocharged engines in cars is one of the main drivers fuelling this market's expansion. Many businesses in the area are actively engaged in the development of charge air coolers for the automotive sector. These businesses are concentrated on improving the performance and effectiveness of charge air coolers by integrating cutting-edge technologies, like microchannel technology, into their product lines. 


In terms of innovation, several components of charge air coolers, such as heat exchangers and intercoolers, are being improved to enhance the overall efficiency and performance of these systems. As a result, important developments, government efforts, and technical advancements are contributing to the huge expansion of the Asia-Pacific Automotive Charge Air Cooler Market. The Japanese automotive charge air cooler & heat exchanger market is experiencing steady growth due to the country's focus on reducing emissions and increasing fuel efficiency. The Japanese government has implemented strict regulations on vehicle emissions, which has led to a surge in demand for charge air coolers.


Automotive Charge Air Cooler and Heat Exchanger Key Market Players & Competitive Insights


The Global Automotive Charge Air Cooler and Heat Exchanger Market is characterized by the presence of many international and regional manufacturers. The global market is highly competitive, with all the players competing to gain a larger market share. Automotive manufacturers compete based on cost, product quality, reliability, and aftermarket services. Therefore, the manufacturers must provide innovative and efficient products which are also cost-effective to survive and succeed in a competitive market environment.


MAHLE GmbH, Banco Products (India) Ltd., Dana Limited, Vestas aircoil A/S, Bell Intercoolers, T.RAD Co., Ltd., Valeo, and Modine Manufacturing Company are the major players in the market, competing in terms of a variety of products for the global automotive charge air cooler and heat exchanger market and their components, as well as efficiency, reliability, affordability, and advanced technology. The primary focus of the players is to provide advanced products to aid in increasing adoption, which could help strengthen a country’s growth with advanced products. Although global players dominate the market, a few regional and other local players with a limited market share also have a prominent presence in this market.


The major players would look to strengthen their regional presence through mergers & acquisitions of local and global players, they are expected to expand their presence and solutions in these countries during the forecast period. Therefore, manufacturers must develop new technologies to stay at par with emerging technology trends that could affect the competitiveness of their product lines in the market.


Key Companies in the Automotive Charge Air Cooler and Heat Exchanger Market includes



  • MAHLE GmbH (MAHLE)

  • Banco Products Ltd.

  • Dana Limited (Dana)

  • Vestas aircoil A/S (Vestas)

  • Bell Intercoolers

  • RAD Co., Ltd. (T.RAD)

  • Valeo

  • Spectra Premium Mobility Solutions (Spectra Premium)

  • Conflux Technology Pty Ltd. among others


Automotive Charge Air Cooler and Heat Exchanger Industry Developments


September 2021, MAHLE has developed new battery cooling system, (Immersion cooling) for faster charging of electric cars batteries. It can make the batteries compact, thereby making electric cars cheaper and more resource efficient.


March 2023, Modine has partnered with REV Fire Group to provides its thermal management systems to Vector, an all-electric fire truck.


December 2022, Conflux Technology has partnered with Mott Corporation, a technology-driven, precision filtration company to bring Conflux’s 3D printed thermal solutions to North American markets.


Automotive Charge Air Cooler & Heat Exchanger Market Segmentation:


Vehicle Type Outlook



  • Passenger Cars

  • LCV (Light Commercial Vehicles)

  • HCV (Heavy Commercial Vehicles)


Material Outlook



  • Aluminum

  • Stainless Steel

  • Copper

  • Others


Fuel Type Outlook



  • Gasoline

  • Diesel


Component Outlook



  • Engine Radiator

  • Condenser

  • Evaporator

  • Oil Cooler

  • Heater

  • Charge Air Cooler

  • Exhaust Gas Heat Exchanger


Design Type Outlook



  • Fin & Tube

  • Bar & Plate

  • Others


Automotive Charge Air Cooler and Heat Exchanger Regional Outlook



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Middle East & Africa

    • Saudi Arabia

    • UAE

    • South Africa

    • Rest of MEA



  • South America

    • Brazil

    • Argentina

    • Rest of South America



Report Attribute/Metric Details
Market Size 2022 USD 23,498.0 Million
Market Size 2023 USD  24,698.4 Million
Market Size 2032 USD 34,897.9 Million
Compound Annual Growth Rate (CAGR) 3.9% (2022-2032)
Base Year 2022
Forecast Period 2023-2032
Historical Data 2018 - 2021
Forecast Units Value (USD Million)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered Vehicle Type, Material, Fuel Type, Component, Design, And Region
Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled MAHLE GmbH, Banco Products Ltd., Dana Limited, Vestas aircoil A/S, Bell Intercoolers, T.RAD Co., Ltd., Valeo, Spectra Premium Mobility Solutions, and Conflux Technology Pty Ltd., among others.
Key Market Opportunities ·       Increasing demand for electric & hybrid vehicles.
Key Market Dynamics ·       Implementation of stringent emission regulations ·       Technological advancements in automotive charge air cooler and heat exchanger systems.


Frequently Asked Questions (FAQ) :

The market size of the global automotive charge air cooler and heat exchanger market was valued USD 23,498.0 million in 2022.

The automotive charge air cooler and heat exchanger market is projected to grow at a CAGR of 3.9% during the forecast period.

Asia pacific held the largest market share in Automotive Charge Air Cooler & Heat Exchanger Market. The market size for Asia Pacific was valued at 11265.6 million in 2022.

The key market players in the market includes MAHLE GmbH (MAHLE), Banco Products Ltd., Dana Limited (Dana), Vestas aircoil A/S (Vestas), Bell Intercoolers, T.RAD Co., Ltd. (T.RAD), Valeo, Spectra Premium Mobility Solutions (Spectra Premium), Conflux Technology Pty Ltd., and others.

Based on Material, Aluminum has the highest marker share, the market size for Aluminium was valued at 12257.4 million in 2022.

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