Automotive Condenser Market Research, 2032
The global automotive condenser market size was valued at $6.8 billion in 2022, and is projected to reach $10.9 billion by 2032, growing at a CAGR of 5% from 2023 to 2032.
Market Introduction and Definition
Automotive condensers, also called air conditioning condensers, are an essential component of a vehicle air conditioning system. The condenser works to reduce the temperature of the refrigerant during the condensation process. The automobile air conditioner holes also discharge the cold liquid that forms in the condenser when the heated temperature is effectively lowered. Automotive condensers play a pivotal role in producing cool air circulated within the vehicle's cabin and increase comfort inside a vehicle cabin.
Key Takeaways
- The automotive condensers market forecast covers 20 countries. The research includes a segment analysis of each country in terms of value for the projected period.
- More than 1, 500 product literatures, industry releases, annual reports, and other such documents of major automotive condenser industry participants along with authentic industry journals, trade associations' releases, and government websites have been reviewed for generating high-value industry insights.
- The study integrated high-quality data, professional opinions and analysis, and critical independent perspectives. The research approach is intended to provide a balanced view of global markets and to assist stakeholders in making educated decisions in order to achieve their most ambitious growth objectives.
Recent Key Strategies and Developments
- On July 6, 2023, Marelli Corporation announced its new integrated thermal management module for electric vehicles for efficient thermal management and increasing driving range. The company's new water-cooled condenser has a smart valve arrangement, which can manage up to 6 channel combinations for optimized cooling. The system reduces system complexity and ensures ideal cooling of electric powertrain and cabin.
- In July 2020, MAHLE GmbH announced the launch of its new condenser for faster charging in electric vehicles. The new condenser is specifically designed to increase power density and provide optimum cooling of the battery and cabin without the need for extra installation space. The new condenser model production process is also optimized to provide a lighter-weight product that is less susceptible to corrosion and requires less refrigerant.
Key Market Segments
- By Type
- Single Flow
- Tubes and Fins
- Serpentines
- Parallel Flow
- By Material
- By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
- By Sales Channel
- By Region
- North America
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Thailand
- Malaysia
- Indonesia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Argentina
- Rest of LAMEA
Key Market Players
- OSC Automotive Inc
- Valeo SA
- Delphi Technologies
- Robert Bosch GmbH
- Hanon Systems
- DENSO CORPORATION
- Subros Limited
- MAHLE GmbH
- Marelli Corporation
- Koyorad. Co., Ltd