Automotive Heat Exchanger Market Excellent Growth 2021 Top Key Players
A heat exchanger is a device designed to efficiently exchange the heat from one medium to another
at different temperatures. Heat exchangers such as SIGMA plate and aluminum heat exchangers
used in the automotive industry benefits the vehicles by cooling the machine coolants and
performing motor test stands, among others. In addition to this, heat exchangers provide high
performance, expanded productivity which positively influences the growth of the global
automotive heat exchanger market.
The Automotive Heat Exchanger Market for passenger cars is estimated to account for the largest
market share, in terms of value. The growth can be attributed to the rise in production of passenger
cars globally, high demand for premium vehicles and SUVs, and high-performance expectation
from personal vehicles. The global demand for passenger cars is higher than commercial vehicles
and is expected to grow further.
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