Global automotive radiator market is expected to witness brisk growth over the forecast period owing to increasing demand for automotive heat exchangers. Increase in the automobile demand is perceived to play a vital role in shaping the automotive radiator market in the near future.
The stringent rules and regulation along with the rigid emission norms is expected to aid the market over the next seven years. Hybrid vehicles which have been in the market for more than a decade are expected to play a key role in shaping the market in the near future. Hybrid vehicles have witness rapid rise in demand in the recent past. In addition to normal heat exchangers, hybrid vehicles require additional low temperature heat exchangers for regulated batterycooling. The demand for these additional low-temperature heat exchangers is projected to play a key role in developing the global automotive radiator market over the forecast period.
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The purpose of using a radiator is to protect the engines from overheating, which can damage the overall engine.Automotive radiators are heat exchangers that are used for cooling the internal combustion engines. Their major application areas include automobiles, piston-engines aircraft, motorcycles, railway locomotive and stationary generating plant. The internal combustion engines in the automobile or piston-engine aircraft are cooled by the liquid coolant circulation past the engine block. The heat generated by the engine is thus dissipated by the radiators.Engine coolant used is commonly water-based but can be in the form of oil as well. Usually, water pump is employed to circulate the engine coolant and dissipate engine heat.
Increase in product complexity due to continuous change in the customer requirements and technological advances arepresumed to negatively impact market growth. Stringent environmental and regulatory norms imposed on automobiles are projected to hinder market growth and development in the near future. Several issues related to product packaging are anticipated to act as restraints for this industry over the forecast period.
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The aircraft market has witnessed continuous expansion in the past and is expected to show similar trends over the forecast period. Over the next seven years. Piston-engine aircrafts have liquid-cooled inline engines which require radiators to dissipate heat generated by the engine. Owing to higher airspeed when compared to cars, the engine is cooled more efficiently without the use of large cooling fans. Thus piston-engine aircraft demand is expected to witness a positive trend in the near future, which is presumed to compliment the industry growth.
Recent global economic downturn has had a profound negative impact on automobile sales in the recent past. Such an economic scenario has resulted in dwindling automobile sales across the globe. Such economic downturns are presumed to critically impact the automobile industry over the forecast period which in turn is projected to influence the automotive radiator market in the near future.
Design wise, the market can be segmented into down-flow, multi-pass and cross-flow. Down flow is a conventional vertical flow design in which the expansion tank is located at the core top and is again connected by a flexible hose to the coolant outlet on the engine. Due to its high profile, these are usedmajorly for the low profile front vehicle.Cross flow type is the conventional type wherethe header tank is located on each side and the coolant travels horizontally. The multiple pass type, which passes the coolant more than two times via the core, is used when there is space constraint or if extra cooling is required. This type includes a tank with baffles inside which force the coolant to pass the core multiple times, resulting in higher cooling efficiency.
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