The automotive condenser is a part of the HVAC (Heating, Ventilation, and Cooling) system. It is a series of thin tubes with fins that releases the heat of the coolant in the atmosphere. The function of the automotive condenser is similar to automotive evaporators; however, condensers release heat into the atmosphere instead of absorbing it. Automotive condensers look very similar to automotive radiators and are installed above them in vehicles.
Demand for automotive condenser is anticipated increase significantly during the forecast period owing to the rise in production of vehicles in the automotive industry. Preference of the young generation toward sports cars and other fast vehicles is likely to propel the automotive condenser market during the forecast period. Automotive radiators are installed in all air conditioned vehicles. Therefore, rise in number of vehicles with air conditioning systems in developing regions is likely to boost the automotive condenser market. Automotive condensers are prone to external blockage due to collection of foreign particles on the fin of the condensers, which reduces the efficiency of the HVAC system. Moreover, severe blockage of the condensers can be repaired by replacing the condenser; hence, development of better solutions to reject heat from the HVAC system into the atmosphere is likely to hamper the automotive condenser market.
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The automotive condenser market can be segmented based on material, flow type, sales channel, vehicle, and region.
Based on material, the aluminum material segment is likely to hold a major share of the automotive condenser market. Copper is the conventional material utilized for the manufacturing of automotive condensers; however, its share has been declining in recent years due to its high cost as compared to aluminum. Aluminum possess good heat conductivity and is more cost-effective as compared to the other materials. This is responsible for the high market share held by the aluminum segment of the automotive condenser market. The segment is likely to expand at a significant growth rate during the forecast period.
In terms of flow type, the parallel flow segment is expected to hold a major share of the market owing to its high efficiency, as compared to the conventional flow condensers. Parallel flow automotive condenser are more susceptible to blocks due to very little distance between the tubes. Therefore, some vehicles still employ conventional flow condensers.
Based on sales channel, the aftermarket segment is likely to hold a prominent share of the automotive condenser market owing to its high replacement rate through the lifespan of the vehicle. Automotive condensers employed in commercial vehicles are replaced very frequently, as commercial vehicles usually travel longer distances on a daily basis in extreme weather conditions.
Based on vehicle type, the automotive condenser market can be segmented into passenger and commercial vehicles. The passenger vehicles segment is likely to hold a major share of the automotive condenser market owing to the high production of passenger vehicles as compared to the commercial vehicles. However, condensers in commercial vehicles are replaced more frequently.
Based on region, the automotive condenser market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is anticipated to hold a notable share of the market owing to the high production of vehicles in the region. In Asia Pacific, China and India have the highest number of working population, which enhances the production capacity of the region and makes it more attractive for the major automotive companies to establish their manufacturing facilities in these countries.
Major players operating in the global automotive condenser market include Denso Corporation, Robert Bosch GmbH, MAHLE GmbH, Valeo, OSC Automotive Inc., Subros Limited, and SEASONAIR.