Technavio Says the Automotive Heat Exchanger Market in APAC Will Boom with the Increasing Demand for Turbocharged Engines
August 12, 2015 | By Business Wire News
LONDON
Technavio has published a new report on the automotive heat exchanger market in APAC,which is expected to grow at a CAGR of more than 9% from 2015-2019.
About the Report
In accordance with the latest report from Technavio, the increase in demand for small-sized automobiles in the APAC region resulted in downsizing of engines, thereby driving the need for turbochargers. With the increase in turbocharging of an engine, cooling the compressed air from the engine becomes necessary.
“The growing demand for small automobiles with turbochargers will drive the demand for heat exchangers, leading to the growth of the automotive heat exchanger market,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also underlines the growing demand for aluminum automotive heat exchangers, which has compelled OEMs today to focus on measures to reduce the total weight of their vehicles.
“Majority of the heat exchangers used in today’s automobiles are based on tube or fin designs. For instance, MAHLE has designed a variety of aluminum automotive heat exchangers with tubular and fin-shaped designs,” says Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the automotive heat exchanger market in APAC from 2015-2019. The report considers the revenue generated from the sales of automotive heat exchanger in APAC to calculate the market size.
Key Information Covered in the Report:
- Key Vendors:
- Denso
- MAHLE
- Valeo
- Visteon
- Wuxi Guanyun Heat Exchanger
- Market Growth Drivers:
- Increasing demand for turbocharged engines
- For a full detailed list, view our report.
- Market Challenges:
- Increased complexity of heat exchangers
- For a full detailed list, view our report.
- Market Trends:
- Demand for aluminum automotive heat exchangers
- For a full detailed list, view our report.
Technavio currently has more than 3000 market research reports on a huge range of topics, including 100+ reports on the heat exchanger market:
If you are interested in more information, please contact our media team at media@technavio.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150812005377/en/
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1-630-333-9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com
