driving the growth of Automotive Heat Exchanger Market . Since the automobile companies are expanding themselves worldwide which in turn is increasing the demands of automobiles round the world ?
The main challenge in this market is to provide most energy efficient solution because competition is expected to increase due to entry of new vendors . Another thing that can pose challenge for Automotive Heat Exchanger Market is , when new vendors offer low prices than the market which ultimately erodes the profit margin of big players . The Automotive Heat Exchanger Market is expected to thrive owing to technological advancements and incremental upgradation in automobile industry . The growth of Automotive Heat Exchanger Market also depends on growing focus on energy efficiency , reducing envoi mental pollution and climate . On the basis of type it can be segregated on hot side heat exchanger and cold side heat exchanger . Hot side heat exchanger is designed in such a way that there is no distortion in the flow of exhaust gases . There is any back pressure developed . It is placed between catalytic converter and muffler . Cold side heat exchanger are designed in a way that they don ’ t develop the back pressure . There is distortion of air conditioning system . On the basis of region it can be segmented into Asia pacific , North America and Europe . Europe is expected to be the biggest market for automotive heat exchanger market owing to huge demand and presence of the most of the global leader in Europe .
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The demand in this region is propelling due to increasing replacement demand for the heat exchanger . Europe is one of the “ sell abroad ” base heat exchanger market . Manufacturers from East Europe are expected to reduce the import dependence of other countries which will further fuel up the automotive industry market . The Asia Pacific reason is expected to see the increase in demand owing to increasing disposable income in the countries of Asia which has further increased the demand of automobiles . This increase in demand of vehicles has given a surge in the growth of Automotive Heat Exchanger Market in Asia . There is increase in demand of energy efficient Automotive Heat Exchanger . due to which companies are manufacturing Automotive Heat Exchanger with aluminium as metal . This is done owing to high thermal conductivity of metal . The demand of aluminium has brought huge surge in demand of range of aluminium alloys so that it can comply with different design specification of Automotive Heat Exchanger . Growth in this reason is led by different economic factors , rapid urbanization , growing population of middle class , favourable conditions of demographics Countries like china , India , Japan are expected to witness extensive growth . Asian countries are putting energetic efforts to for the development of strong base in their respective countries . In the field of Automotive Heat Exchanger , many renowned companies have set up their base in china by joint ventures . China market is driven by huge automobile demand and replacement demands .
the basis of automotive components Automotive Heat Exchanger Market can be segregated into following part that are , exhaust gas recirculation , air coolers , evaporators , oil coolers , radiators and condensers . EGR coolers and pressurized intercoolers will continue to propel the growth of automotive heat exchanger market in China . The five key vendors are automotive heat exchanger are Wuxi Guanyun Heat Exchanger , Mahle Gmbh , Visteon , Denso and Valeo . Other prominent members are G & M Radiator , Seasonair Malaysia , Weifang HengAn Radiator , NingBo LuRun Cooler , Climetal , Banco Products ( India ) Limited , Pierburg China ( KSPG ), Jiangsu Jiahe Thermal Systems , Spectra Premium Industries Inc ., Delphi Automotive plc , Modine Manufacturing Co ., Calsonic