Global Automotive Radiator Fan Market 2017-2021
About Automotive Radiator Fan
Radiators are used for transferring thermal energy from one medium to another to cool the engine. A radiator is used for cooling an engine, and it transfers the heat to the environment. It varies in size, style, and purpose. A device in which liquid circulates through exposed pipes for cooling the engine is known as a radiator. In electric devices that are compact and have a smaller size, dispersion of heat becomes more difficult. It is widely used in automobiles, aircrafts, space crafts, and buildings. The main purpose of an automotive radiator is heat exchange for cooling the internal combustion (IC) engine. During the combustion process in an automobile, heat is generated as a by-product. The heat generated by the IC engine is disseminated from the system using a radiator. The automotive radiator fan is used for cooling the radiator present in the IC engine system of the automobile. It prevents the overheating of the automobile. It is also responsible for proper functioning of various components by disseminating heat away from the engine. To reduce the heat generated by the engine, a coolant is passed through the engine and the tubes of the radiator, and the excess heat is removed by using an automotive radiator fan.
Technavio’s analysts forecast the global automotive radiator fan market to grow at a CAGR of 4.09% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive radiator fan market for 2017-2021. To calculate the market size, the report considers the sales of automotive radiator fan for PCs, LCVs, and M&HCVs.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Radiator Fan Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive radiator fan market: Bosch, Delphi, DENSO, and Johnson Electric
Other Prominent Vendors in the market are: HELLA, Standard Motor Products, Shanghai Hu Gong Auto-Electric, and OMRON.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Replacement of mechanical fans with electric radiator fans. The automotive radiator fan is used for maintaining the temperature of the engine at an optimal level to ensure that the operational efficiency of the engine is maximized. A mechanical radiator fan expends a certain amount of power spinning the fan; it causes parasitic horsepower loss, leading to significant performance disadvantages. To overcome the horsepower loss, auto manufacturers are replacing mechanical radiator fans with the electric radiator fans.”
According to the report, one of the major drivers for this market is Increased fuel efficiency of automobile. The automotive engine has an ideal operating temperature at which it reaches its optimized efficiency. If the automotive engine is operated at a higher temperature for a short duration, the IC engine heats up, leading to the failure of internal engine components. During the combustion process, heat is released as the product. Excess heat in the engine might cause damage to both the components of the engine and the surrounding parts. It is essential to maintain the temperature of the car’s engine below a certain level. As the automobile operates at extreme conditions, the automotive radiator is designed to ensure that the excess heat generated during the combustion process is disseminated and does not cause the components to fail.
Further, the report states that one of the major factors hindering the growth of this market is Rise in demand for EVs. Automotive manufacturers are making continuous efforts to reduce carbon emission by designing and manufacturing vehicles that operate on alternative fuel. The sales of EVs started gaining momentum from 2014. In 2016, various factors affected the sales of EVs. The government played a crucial role in promoting the sales of these vehicles. The global EVs market is flourishing due to various benefits and incentives provided by the government, increased awareness for the reduction of greenhouse gas emissions, stringent carbon emission norms increasing participation from both regional as well as international players, and the growing preference for EVs.
Bosch, Delphi, DENSO, Johnson Electric, HELLA, Standard Motor Products, Shanghai Hu Gong Auto-Electric, and OMRON.