Automotive Heat Exchanger Market Overview:

The Automotive Heat Exchanger market study provides a comprehensive picture of the competition, including market share and company profiles of the global industry's key competitors. The research scope includes a thorough examination of the Automotive Heat Exchanger Market, as well as the reasons for variations in the industry's growth in various locations.

As all countries strive for zero-emission regulations, electric car sales and production are expected to skyrocket. Several major economies around the world want to completely eliminate harmful emissions from vehicles by removing all fossil fuel-powered automobiles from the road. For example, the Norwegian Parliament has mandated that all new vehicles sold by 2025 have zero (electric or hydrogen) or low (plug-in hybrid) emissions.

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COVID-19 Impact Analysis on Automotive Heat Exchanger Market:

End-user sectors where Automotive Heat Exchanger are used experienced a decline in growth from January to May in several countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of firms operating in these industries and, as a result, in demand for Automotive Heat Exchanger manufacturers, influencing the development of the Automotive Heat Exchanger market in 2020. End-user business demand for Automotive Heat Exchanger has dropped significantly because of lockdowns and an increase in COVID-19 incidents worldwide.

Market Scope:

To identify and gather appropriate samples for this study, this market report heavily relies on secondary sources, directories, and databases, such as annual reports, press releases, journals, online content, and other databases.

Heat exchanger manufacturers have made incredible strides in analysis, design, and development thanks to significant R&D investments. With major competitors forming alliances and competing for the same customers, the market appears to be fragmented. However, with new entrants and established players focusing on vertical integration, market fragmentation is expected to increase over the forecast period.

Segmentation:

The Automotive Heat Exchanger Market is classified into three types of EV vehicles: BEV, PHEV, and HEV. The PHEV segment is expected to grow significantly over the forecast period in terms of electric vehicle type.

The PHEV market segment is expected to grow at the fastest rate during the forecast period. Rechargeable batteries are used in PHEVs, which can be charged by connecting to external power sources. PHEVs combine electric car features with those of traditional ICE vehicles. They have a greater electric range than HEVs and do not suffer from range anxiety like BEVs.

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Key Players:

Primary and secondary research are used to identify market leaders, while primary and secondary research are used to establish market revenue. Primary research comprised thorough interviews with key thought leaders and industry professionals such as experienced front-line personnel, CEOs, and marketing executives, while secondary research included a review of the leading manufacturers' annual and financial reports. Secondary sources are utilized to calculate percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary sources. The biggest players in the Automotive Heat Exchanger market are as follows:

AKG Thermal Systems Inc.(US)
American Industrial Heat Transfer Inc.(US)
MODINE MANUFACTURING COMPANY(US)
Banco Products (India) Ltd (India)
Climetal SL - Heat Exchanger (Spain)
G&M Radiator Mfg Ltd (UK)
Hanon Systems (South Korea)
MAHLE GmbH (Germany)
Nippon Light Metal Holdings Co. Ltd(Japan)
DENSO Corporation (Japan)
Valeo SA (France)
Regional Analysis:

Individual market influencing components and changes in market regulations that effect present and future market trends are also mentioned in the regional overview of the Automotive Heat Exchanger market analysis. Current and future trends are examined in order to assess overall market potential and uncover profitable trends in order to achieve a more stable footing. The geographical market assessment is based on the present environment and expected trends.

Key Questions Answered in the Automotive Heat Exchanger Market Report are:

In 2021, which segment held the largest share of the Automotive Heat Exchanger market?
What is the Automotive Heat Exchanger market's competitive landscape?
What are the key drivers assisting Automotive Heat Exchanger market growth?
Which region controls most of the Automotive Heat Exchanger market?
What will be the Automotive Heat Exchanger market's CAGR during the forecast period (2021-2029)?
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