The Global Liquid Cooled Radiators Market is projected to reach USD 8.41 billion by 2028, growing at a CAGR of 13.2% during the forecast period. The demand for modern Liquid Cooled Radiators has increased in recent times, thereby propelling the growth of the market.
The increase in demand for modern liquid cooled radiators can be attributed to the growing focus on increasing vehicle performance, reducing fuel consumption, high demand for durable solutions, and growing efforts to curb emissions. The global Liquid Cooled Radiators market will experience high demand due to lower cost of production and the Liquid Cooled Radiator’s ability to transfer heat efficiently.
The trend of engine downsizing for better fuel efficiency and performance is gaining momentum in recent times. This is a major driving factor that is expected to have a significant impact on the global automotive radiator market.
Also, stringent emission norms and automobile standards across the world are encouraging the use of environment-friendly radiators in automobiles, which is driving the growth of the market. Moreover, rising private equity investments in automotive radiator manufacturing companies and increasing production of vehicles are set to bolster the growth of this market globally.
Liquid Cooled Radiators Market, By Coolant:
The coolant used in Liquid Cooled Radiators is commonly water-based. However, it can be in the form of oil as well. Usually, the water pump is employed to circulate the engine coolant and dissipate the engine heat. Radiators thus quickly dissipate the heat generated by the engine, which is a prominent factor behind the rapid growth of the water-based segment. Based on coolants, the global Liquid Cooled Radiators Market segment includes Water, Oil, and Ethylene Glycol.
Liquid Cooled Radiators Market, By Type:
There are two types of radiators - down flow and cross-flow. Both the types of radiators have lower and upper tubes, which are used to antifreeze the coolant and circulate the radiator fluid in the cooling system of automobiles. Hot radiator fluid is cooled by cooler air and returned to the automobile’s engine through a lower tube of the system after it enters the upper tube of the system and crosses through several smaller and thinner tubes.
The major difference between a down flow radiator and cross flow radiator is the position of the tank of the radiator where the antifreeze coolant is stored. Above and below the radiator core, a down flow radiator is placed where it holds its tank.
Liquid Cooled Radiators Market, By Vehicle Type:
The passenger vehicle sub-segment has been offering high growth potential. With an increasing number of passenger vehicles in developing economies, the demand for liquid cooled radiators is on the rise. As of 2018, the passenger vehicle segment accounted for 75% of the global share of the liquid cooled radiators market. Increasing production-focused advancements and persistent innovations will increase the demand for this segment.
Liquid Cooled Radiators Market, By Region:
The Asia Pacific region is witnessing a high growth rate in this market, owing to rising population, rapid urbanization, and diminishing villages, spurring the growth of the automotive industry. The increasing number of passenger cars in countries like China, India, and South Korea will fuel the growth of the global liquid cooled radiators market during the forecast period.
Some Major Developments in the Liquid Cooled Radiators Market:
Some Key Findings of the Global Liquid Cooled Radiators Market Report Include:
Major global market forecasts, trends, and analysis, along with a country-specific industry analysis
By Vehicle Type:
Detailed scope covering all the major segments in the market
In line data validations to ensure data precision
Market recommendations supporting decision making processes
Round the clock analyst support to resolve your queries
Up to 15% additional free customization to meet your specific requirements