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(Transportation-News.com, January 19, 2018 ) Global Automotive Intercooler Market, By type ( Air to air, Air to water) By Engine Type (Supercharged Gasoline, Turbocharged Diesel, Conventional Diesel), By Vehicle Type (Passenger car, Commercial vehicle) - Forecast 2016-2022.
Automotive Intercooler Market:
Intercooler is a mechanical component which is use to cool air, especially after it has been compressed by the turbocharger. The growth in the automotive industry leads to increase demand for automotive intercooler market. Rising production and sales of vehicles are likely to result in increased usage of the automotive intercooler. Features such as reduce air temperature and increase engine’s output and performance are acting as a primary factor which helps to grow the market of automotive intercooler. Moreover, automotive intercooler helps in reducing exhaust emissions as well as to meet the fuel economy standards and maintains proper air-fuel ratio and proper combustion.
Whereas, high cost associated with manufacturers as well as large size are some of the factors which hampers the growth of the market significantly.
The growth in automotive industry directly translates into increasing demand in the automotive intercooler market. Moreover, Technological advancement and heavy investments are helping automotive intercooler to grow. Factors such as demand for efficient turbocharged engines and strict regulations of the government to decrease the vehicle population and increase the engine efficiency are some of the major market drivers for the growth of automotive inter cooler. Additionally, environmental advantages offered by intercoolers and turbochargers largely drive the demand for intercoolers. Government’s emission norms to control and reduce exhaust emission levels are driving the market of automotive intercooler. Automotive intercooler production is consequently high in Asia-pacific, with China and India expected to be the most promising markets
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Regional Analysis
Asia pacific is dominating the market of intercooler due to majority of automotive sales in the region as well as technological advancement such as two stage supercharging, which compress air and transfer it back to the engine and enhance the power in vehicles. Development of automotive manufacturing industries in developing economies such as china and India are driving the market for automotive intercooler. Factors such as automotive radiators as well as well as stringent emission norms pushing the market of automotive intercooler.
Whereas, US is a referred as major hub for the automotive turbocharger and automotive intercoolers in the global scenario. Growing demand for high-performance turbochargers which is used in racing vehicles, drive the demand for intercooler market.
Key Players
The major player operating in the market of Global Automotive Intercooler are Bell Intercoolers, Forge , KALE Oto Radyator , Mishimoto , PWR , Modine Manufacturing, Treadstone Performance Engineering, Guangzhou Woshen Auto Radiator, JC Performance Parts, KVR International, Honeywell.
Target Audience
Organizations
Manufacturer
Research Institute / Education Institute
Potential Investors
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Market Research Future Analysis:
Market Research Future analysis show that the global market of Automotive intercooler market is estimated to grow at high billion value by the end of year 2022. Asia pacific is leading the market of automotive intercooler. Moreover, the market and trends shows that Heavy investments were made from North America and European companies in Asia-Pacific, especially in India and China due to market development initiatives taken by the government and abundant availability of low-cost labors. Whereas, increasing demand for electronic vehicle, and subsidies offered by government driving the market of automotive intercooling market. The global automotive intercooler is expected to grow at high CAGR between years 2016 to 2022.
The report for Global Automotive Intercooler Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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