HOME Research Insight Denso (Japan) and Mahle (Germany) are the Leading players in the Automotive Heat Exchanger Market



Denso (Japan) and Mahle (Germany) are the Leading players in the Automotive Heat Exchanger Market


The automotive heat exchanger market is projected to grow at a CAGR of 6.61% during the forecast period, to reach USD 32.05 Billion by 2025. The market growth is primarily driven by factors such as the increase in demand for HVAC system in commercial vehicles and the growing vehicle production.

New product development is the key strategy adopted by major players to gain traction in this mature market. For instance, Valeo introduced a new line up of heating, ventilation, and air conditioning (HVAC) solutions for electric and hybrid buses and coaches. The company also introduced the REVO-E Global range of electric roof units-a comprehensive solution for electric buses and coaches, which optimizes HVAC performance in the cabin, and the Battery Cooler, a battery cooling system that maintains the temperature of the battery cells in hybrid and electric vehicles. Also, the company introduced its integrated climate control technology called HV iCool, which combines the HVAC system, a compressor, and a condenser in a single unit.

The automotive heat exchanger market is dominated by a few global players. The key market players are Denso (Japan), Mahle (Germany), Dana (US), and Valeo (France).

Denso is one of the leading players in the automotive heat exchanger market. The company developed the world's first automotive HVAC unit that can be used across vehicle segments. The design of this new HVAC unit enables the components to be standardized. It can be installed in front-wheel-drive vehicles in the B, C, and D segments. The evaporator and the heater core are replaceable to enable installation in cars with a start/stop system, hybrid vehicles, and electric vehicles without having to change the design.  In April 2015, Denso opened a new plant in Cambodia in the Phnom Penh Special Economic Zone for manufacturing magnetos (motorcycle generators) and oil coolers. The company made an investment of USD 18.3 million in developing this 9,600 square meter facility.

Mahle is another leading player in the automotive heat exchanger market in Europe and Asia Pacific. Mahle acquired Delphi’s thermal business to integrate the 13 Delphi plants in Europe (Poland, Slovakia, and Hungary), North and South America (US, Mexico, and Brazil), and Asia (China and India), as well as the development centers in the US and Luxembourg into the global Mahle Group organization. In 2016, Mahle formed a joint venture with Dongfeng Motor Parts and Components Group to open a plant in Shiyan, China. The joint venture manufactures 180,000 sets of engine cooling systems per year. These expansions would help the company to cater to the increased demand in the Asia Pacific region, which is estimated to be the largest market for automotive heat exchangers.

Related Reports:

Automotive Heat Exchanger Market by Application (Air condition system, Exhaust gas heat exchanger, Intercooler, Oil cooler, & Radiator), Design Type, Electric Vehicle Type, Off-Highway Vehicle, Vehicle Type, Region - Global Forecast to 2025

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