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Charge Air Cooler Market Report
Automotive Charge Air Cooler (CAC) Market Size, Share, Trend, Forecast, & Competitive Analysis: 2019-2024
The Automotive Charge Air Cooler (CAC) Market is Segmented by Vehicle Type (Passenger Car, LCV, and M&HCV), by Product Type (Air-Cooled Charge Air Cooler and Liquid-Cooled Charge Air Cooler), by Position Type...
The global automotive charge air cooler market is projected to offer an impressive growth opportunity and is likely to reach US$ 3,374.3 million in 2024. Organic growth in the automobile production owing to increasing disposable income and growing urbanization; strict government regulations regarding carbon emission reductions and fuel efficiency enhancements, such as CAFÉ Standards; and increasing penetration of turbochargers are some of the major growth drivers of charge air coolers in the automotive industry.
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The automotive industry is undergoing the most potentially disruptive decade where stringent government regulations regarding the carbon emission reductions and fuel efficiency enhancements are generating enormous pressure on automakers. Automakers are unraveling it by finding distinct ways. Engine downsizing is one of the prime approaches for achieving such industry needs. Engine downsizing makes the engine hotter but makes the engine more powerful and efficient and give an impetuous growth in the demand for turbochargers in vehicles. This creates a need for effective cooling of charged air through charge air cooler (CAC) (also known as an intercooler).
Hot air entering engine can create a higher combustion temperature, which creates a greater nitrogen oxide formation and increases the thermal load on the engine and related components. Charge air cooler act as a cooling interface, which transforms hot air coming from a turbocharger or a supercharger to cool air entering combustion engine. CACs also contribute towards a reduction in turbo lag and an improvement in engine volumetric efficiency with lower engine displacement.
