About Automotive Powertrain Cooling System
Combustion engines generate large amounts of heat during their operations, which is generated when the engine of a vehicle transforms mechanical energy into chemical energy. About 70% of the energy produced is converted into heat energy. Hence, powertrain cooling systems are used for maintaining the temperature of a vehicle within specified limits. Automotive powertrain cooling systems prevent the engine from over-heating by effectively transferring heat into the atmosphere. However, heat is necessary for the effective functioning of the engines, hence powertrain cooling systems allow the vehicle to maintain the temperature of the vehicle within specified limits.
Technavio’s analysts forecast the global automotive powertrain cooling system market to grow at a CAGR of 7.18% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive powertrain cooling system market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Powertrain Cooling System Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive powertrain cooling system market: DENSO, Johnson Electric, and Delphi.
Other Prominent Vendors in the market are: Hella, Mahle, TitanX Engine Cooling, and Valeo.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is brazen copper to replace aluminum in powertrain cooling systems. Since 2000, aluminum has been predominantly preferred for manufacturing cooling systems in automobiles as it has a higher resistance to heat and weighs significantly less as compared with cast iron and steel. However, powertrain systems are increasingly becoming compact with mechanical items being replaced with electrical parts.”
According to the report, one driver in the market is high dependence on internal combustion engine vehicles. Automotive powertrain cooling systems are mainly used in internal combustion engines as they produce massive amounts of heat, which needs efficient cooling systems to prevent overheating. Internal combustion engines are highly preferred, especially in emerging countries, as high prices of electric and hybrid vehicles drive the demand for gasoline-and diesel-engine vehicles. Moreover, emerging countries like Indonesia, India, and China lack the required infrastructure to support the extensive use of alternative fuel vehicles. This is expected to drive the automotive powertrain cooling systems market during the forecast period.
Further, the report states that one challenge in the market is preference for electric vehicles. The preference for electric vehicles is increasing, globally. Declining air quality levels, depleting petroleum reserves, and fluctuating costs of oil imports are compelling governing bodies to encourage the use of electric vehicles over internal combustion vehicles. Electric vehicles are non-polluting and more cost-effective as compared with internal combustion engines. Hence, increased preference for electric vehicles will cause internal combustion vehicles to be replaced with electric counterparts. This will constrict the growth of automotive powertrain cooling systems used in internal combustion engines.
DENSO, Johnson Electric, and Delphi, Hella, Mahle, TitanX Engine Cooling, and Valeo.
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