Automotive charge air coolers are used to reduce fuel consumption and CO2 emissions in combination with turbocharging. These components maintain and improve power output and torque in vehicles. As the degree of turbocharging increases, the necessity of cooling the heated air grows. Thus, charge air coolers play a critical role in cooling the engine. With the trend of engine downsizing in the automotive industry, automakers and manufacturers are focused on reducing fuel consumption and increasing the efficiency of vehicles.
In vehicles, charge air coolers primarily function on increasing engine combustion efficiency. Government regulations of carbon emissions and rising performance demand for ICE vehicles is growing significantly. Companies such as MAHLE GmbH, Modine Manufacturing Company, and Dana Incorporated are some of the leading manufacturers of thermal systems like charge air coolers, battery coolers, coolant pumps, and EGR coolers in automotive and other industries. The latest stage of development at MAHLE includes indirect cascaded charge air cooling integrated into the intake pipe. This system provides minimal pressure loss and significant packaging advantages. It produces charge air temperatures close to that of the coolant by using a two-stage cooling process.
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MAHLE GmbH is a German company that designs, manufactures, and sells automotive components. The company manufactures products through segments, namely, engine systems and components, filtration and engine peripherals, thermal management, aftermarket, electronics and mechatronics, and profit centers and services. The aftermarket division supplies spare parts such as engine components, filters, turbochargers, and mechatronic components. In addition to this, the aftermarket also offers thermal management products such as thermostats, radiators, charge air coolers, and air conditioning compressors. The company has included vehicle diagnostics, exhaust gas analyzers, and service equipment for the maintenance of air conditioning systems and automatic transmission in the aftermarket portfolio. In March 2020, MAHLE GmbH acquired Behr Hella Service GmbH (BHS) to expand its aftermarket unit’s range of products and services. This acquisition has added to the company’s aftermarket product range for long-term business in thermal systems. MAHLE competes with leading charge air cooler manufacturers such as T. RAD Co., Ltd., and Modine Manufacturing Company. It has a strong global presence with 160 production facilities and 12 R & D centers worldwide. The company follows a dual strategy that focuses on the development of the intelligent combustion engine for the use of hydrogen and other non-fossil fuel technologies, which are expected to help achieve broad acceptance of the fuel cell and e-mobility in the markets. In 2020, MAHLE GmbH completed the acquisition of Behr Hella Service. The acquisition was undertaken to complement the company’s Aftermarket product range. MAHLE is expected to continue managing the thermal management business of Behr Hella Service on its own in the future. As a result, the company is expected to align its Aftermarket business consistently with strong original equipment competencies, particularly in lighting and electronics.
T. Rad Co., Ltd. operates through four segments, namely, automobile, construction and industrial machine, air conditioner, and others. The company majorly offers thermal systems such as heat exchangers, radiators, oil coolers, and EGR coolers for the automotive industry and construction/industrial equipment. The company has a presence in Tokyo, Utsunomiya, Kanagawa, Nagoya, Osaka, Shiga, North America, Europe, China, and other countries in Asia. The company is among the largest providers of charge air coolers in the Japanese market. It majorly supplies charge air coolers to various OEMs in Japan such as Daihatsu, Toyota, Mazda, Subaru, and Nissan. The company supplies charge air coolers for Daihatsu models such as Move Conte Custom RS, Move Custom RS, and Tanto Custom RS. Toyota and Honda accounted for an approximately 47% share of the company’s total revenue generated in 2020. The Toyota group accounted for a share of 23.8% of its product deliveries, followed by Honda accounting for a 23.3% share as of the fiscal year ended March 2020. In January 2020, T.RAD Co. Ltd. (T.RAD) announced that it is expected to absorb its wholly-owned subsidiaries Asuni Co., Ltd (Asuni) and Towa Kosan Co., Ltd. (Towa Kosan). As part of the company’s operational reforms for efficient cost reduction, this merger was undertaken to achieve the effective utilization of human resources and cost reductions in management. Asuni and Towa Kosan are expected to be absorbed into the surviving company, T.RAD, which is expected to be effective on April 1, 2020.
Modine manufacturing company is US-based and specializes in innovative thermal management solutions. The company is a manufacturer of heat transfer systems and high-quality heat transfer components for use in on and off-highway vehicle applications. It is also a leader in thermal management technology for commercial, industrial, and building heating, ventilating, air conditioning, and refrigeration markets. The company operates through three segments, namely, vehicular thermal solutions (VTS), commercial and industrial solutions (CIS), and building HVAC systems (BHVAC). The products in the VTS segment include engine cooling assemblies, radiators, condensers, charge air coolers, power steering coolers, transmission oil coolers, exhaust gas recirculation (EGR) coolers, engine oil coolers, fuel coolers, charge air coolers, and intake air coolers. Modine’s top customers include Carrier, Caterpillar, Daimler AG, Mercedes-Benz, Chrysler, Fiat, IVECO, Navistar, Audi, MAN, Porsche, and Scania. The company has a presence in North America, South America, Europe, Asia Pacific, and Middle East & Africa. In November 2020, Modine Manufacturing Company announced that it has entered into a definitive agreement with Dana Incorporated to sell the liquid-cooled division of its automotive business, which represents approximately 70% of its Automotive business revenue. This agreement is expected to strengthen the company's focus on higher returning businesses, wherein Modine has demonstrated an ability to successfully drive both organic and inorganic growth.
Automotive Charge Air Cooler Market by Type (Air-cooled, Liquid-cooled), Position(Integrated, Standalone), Design(Tube & Fin, Bar & Plate), Fuel Type(Gasoline, Diesel), Vehicle(PC, LCV, Truck, Bus), Material, Sales Channel & Region - Global Forecast to 2026
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