Automotive Condenser Market

Automotive Condenser Market Study by Single Flow, Tubes & Fins, Serpentines, and Parallel Flow Made from Copper, Brass, Aluminium, and Stainless Steel from 2024 to 2034

Analysis of Automotive Condenser Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Automotive Condenser Market Outlook (2024 to 2034)

Worldwide revenue from the sales of automotive condensers is set to reach US$ 11.19 billion in 2024 and further increase at a CAGR of 4.3% to climb to US$ 17.04 billion by the end of 2034.

Automotive condenser is a component of the heating, ventilation, and air conditioning (HVAC) system. It is a series of thin tubes with fins that release the heat of the coolant into the atmosphere. The function of automotive condensers is similar to that of automotive evaporators in which they release heat into the atmosphere rather than absorbing it. Vehicle condensers, which resemble radiators in appearance, are mounted above radiators in cars. The market includes a range of parts that are essential to automobile air conditioning systems, including compressors, condensers, driers, expansion valves, and evaporators.

With these sensors, smart HVAC (heating, ventilation, and air conditioning) systems can automatically adapt to changes in the surrounding environment and weather. Automotive condensers are susceptible to external blockage due to the accumulation of foreign particles on the condenser fins, which decreases the efficiency of the HVAC system. The automotive carbon thermoplastic market and automotive cabin air filter market are exhibiting significant growth alongside the automotive condenser market.

Key Market Growth Drivers

  • Demand for automotive condensers is driven by key automotive condenser market trends such as electrification and a focus on technological advancements in developing countries.
  • Aftermarket sales of automotive condensers are projected to rise as consumers hold on to their vehicles for longer periods.
  • To meet customer demands, manufacturers are also involved in research and development to enhance the functionality of automotive condensers, which is projected to contribute to automotive condenser market growth from 2024 to 2034.
Report Attributes Details
Automotive Condenser Market Size (2024E) US$ 11.19 Billion
Forecasted Market Value (2034F) US$ 17.05 Billion
Global Market Growth Rate (2024 to 2034) 4.3% CAGR
North America Market Share (2024E) 18.7%
Market Share of Copper Condensers (2024E) 59.6%
Passenger Vehicles Segment Market Share (2024E) US$ 8.03 Billion
Key Companies Profiled
  • Valeo SA
  • Standard Motor Products
  • Keihin Corporation
  • Reach Cooling Group
  • Japan Climate Systems Corporation
  • Modine
  • Pranav Vikas
  • Hanon System
  • Yinlun
  • Delphi
  • Tongchuang
  • Robert Bosch GmbH
  • Tata
  • Fawer

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What are the Reasons for Expansion of the Automotive Condenser Market Size?

“Rising Demand for Improved Driving Comfort and Preference for Lightweight Materials”

Some of the factors driving the use of condensers in automobiles include the youths’ preference for sports cars, as well as an increase in demand for improved driving comfort. Preference for advanced materials such as superalloys, lightweight aluminum, and high-strength stainless steel are impeding sales of automotive condensers. These materials possess repellent qualities, exhibit high corrosion resistance, and boast a lightweight design.

Car condensers have extended lifespans. Manufacturers are increasingly opting for these materials due to their lightweight construction, which in turn improves vehicle acceleration. The growing demand for both passenger and commercial vehicles has augmented the demand for condensers.

What are the Difficulties Faced by Manufacturers of Automotive Condensers?

“Disruption of Trade and Supply Chains Due to Geopolitical Conflicts”

Market growth is hindered by various factors, including high prices of raw materials, inflexible designs, bulky form factors, limited durability, susceptibility to corrosion, fatigue, and the evaporation of refrigerant emissions. On the other hand, consumers’ demand for easily affordable comfort features presents attractive growth opportunities.

The market for automotive condensers is affected by events such as the conflict between Russia and Ukraine and the aftermath of the COVID-19 pandemic. These events have disrupted trade and supply chains, resulting in reduced availability of raw materials and making manufacturing processes more challenging.

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Country-wise Insights

North America is projected to dominate the market due to the presence of major automotive manufacturers and rising demand for technologically advanced vehicles in the region. The Asia Pacific market is projected to exhibit growth due to the expanding automotive sector in nations such as China and India.

Europe is also projected to hold a significant market share due to the strict environmental regulations and the growing popularity of electric vehicles in the region. Widespread automotive production and rising consumer awareness of fuel efficiency and carbon emissions from automobiles are influencing market growth in China.

Will Expansion of Automotive Industry in the United States Drive Market Growth?

“Focus on Technological Advancements in Cooling Systems”

Attribute United States
Market Value (2024E) US$ 1.78 Billion
Growth Rate (2024 to 2034) 4.6% CAGR
Projected Value (2034F) US$ 2.78 Billion

The United States market is growing due to the increasing production of cars and technological advancements in cooling systems. Demand for luxurious, high-performing cars is strong in the nation, which is supporting the expansion of the market.

Rising demand for electric vehicles is generating the need for efficient cooling system components, including automotive condensers. The aftermarket sales of automotive condensers are predicted to increase, particularly in the United States market, as the durability of cars increases.

Why are Automotive Condenser Manufacturers Drawn toward China?

“Market Benefitting from Extensive Production of Vehicles”

Attribute China
Market Value (2024E) US$ 4.14 Billion
Growth Rate (2024 to 2034) 5% CAGR
Projected Value (2034F) US$ 6.72 Billion

China is a major player in the global automotive market. With the expansion of the automotive industry, automotive condensers are becoming vital. These devices are critical to lowering the temperature inside vehicles, especially electric vehicles (EVs).

  • In January 2023, data published by the China Association of Automobile Manufacturers (CAAM) revealed that China's automobile industry achieved a milestone, with both production and sales exceeding 30 million units for the first time. Exports surged to 4.91 million units, which marks a 58% increase from the previous year. This trajectory suggests that China is poised to surpass the United States and become the world's leading exporter of automobiles.

Category-wise Insights

Why Do Passenger Vehicles Occupy a Significant Automotive Condenser Market Share?

“Inclination toward Smart HVAC Systems in Passenger Vehicles”

Attribute Passenger Vehicle
Segment Value (2024E) US$ 8.03 Billion
Market Share (2024) 71.8%
Projected Value (2034F) US$ 11.74 Billion

Air conditioning is a standard feature of passenger cars, SUVs, and light trucks, which implies that condensers are constantly required to meet the cooling needs of these vehicles. Vehicles meant for passengers need to be lightweight and energy efficient. The shift towards automation and smart HVAC systems is boosting demand for automotive condensers. These systems use sensors to automatically adjust the temperature inside the vehicle based on weather conditions.

What Makes Copper Condensers Preferred Choice in the Automotive Industry?

“Corrosion Resistance of Cooper Condensers Driving Their Widespread Use”

Attribute Copper Condensers
Segment Value (2024E) US$ 6.68 Billion
Market Share (2024) 59.6%
Projected Value (2034F) US$ 9.75 Billion

Sales of copper condensers in the automobile industry are projected to rise driven by the increasing popularity of energy-efficient and lightweight condensers, which lower emissions and fuel consumption. Excellent heat transfer characteristics and corrosion resistance make copper condensers perfect for use in automotive settings.

Cooling systems in vehicles often use copper condensers. However, aluminum condensers are compact and cheap and exhibit high heat conductivity. Aluminum is also used for manufacturing automotive condensers as it is usually cheaper than copper.

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Competitive landscape highlights only certain players
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Competitive Landscape

Key players in the automotive condenser market are Delphi, Mahle, T.RAD, Modine, Nanning Baling, Tata, Hanon Systems, DENSO, and Sanden.

  • A major production milestone has been reached by Hanon Systems' automotive compressor plant in Palmela, Portugal, as it has surpassed 500,000 units of electric compressors (e-Compressors) made specifically for use with the environmentally friendly refrigerant R744. Hanon Systems is a leading global supplier of automotive thermal and energy management solutions.

Segmentation of Automotive Condenser Market Research

  • By Type :

    • Single Flow
    • Tubes & Fins
    • Serpentines
    • Parallel Flow
  • By Material :

    • Copper
    • Brass
    • Aluminum
    • Stainless Steel
  • By Vehicle :

    • Passenger Cars
    • LCVs
    • HCVs
  • By Sales Channel :

    • OEMs
    • Aftermarket
  • By Region :

    • North America
    • Europe
    • Latin America
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

- FAQs -

What is the automotive condenser market size in 2024?

The global automotive condenser market is estimated at US$ 11.19 billion in 2024.

How is the market for automotive condensers faring in China?

China is estimated to account for a market valuation of US$ 4.14 billion in 2024.

What is the estimated market size of the United States for 2034?

The market in the United States is forecasted to reach US$ 2.78 billion by the end of 2034.

Which vehicle category holds a significant market share?

The passenger vehicles segment is estimated to reach US$ 8.03 billion in 2024.

What are the statistics listed for the market in Japan?

The market in Japan is forecasted to expand at 5.9% CAGR and reach US$ 1.16 billion by 2034.

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