Application segments performance in the global automotive heat exchanger market

The global automotive heat exchanger market is expected to grow at a CAGR of 6.74% during the forecast period. By application, the global automotive heat exchanger market has been segmented into passenger cars, LCVs, and M and HCVs.

OEMs are constantly facing the pressure of improving the engine efficiency and output of their vehicles to reduce carbon emissions. As a result, the demand for efficient heat exchangers has increased, forcing the heat exchanger manufacturers to develop advanced heat exchangers. Currently, OEMs are equipping their passenger cars with brazed copper heat exchangers that have a longer life span and can last for ten years, which will reduce the replacement cost.

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In addition, the heavy lead-based solder used in the traditional heat exchangers is substituted with a small quantity of light brazing alloy. Many manufacturers of passenger cars are also focusing on expanding their product portfolio by launching new variants. Moreover, vendors are also focusing on increasing their sales by opening new sales outlets. Hence, the passenger cars segment of the global automotive heat exchanger market is expected to grow significantly during the forecast period.