Global Automotive Liquid Condenser Market - 2022-2029

Market Overview

Automotive Liquid Condenser Market reached US$ XX million in 2021 and is expected to record significant growth by reaching up to US$ XX million by 2029, growing at a CAGR of YY% during the forecast period (2022-2029).

Numerous parts make up an automobile's air conditioning system. Each element plays a certain role and is connected to the others. The liquid condenser is crucial to a car's air conditioning system. High-pressure gas is changed into a high-pressure liquid using the condenser as a heat exchanger before streaming to the receiver dryer and, finally, the expansion valve.

The condenser acts to lower the refrigerant's temperature when condensation is taking place. A cool liquid will be produced after the warm temperature is successfully cooled and released through the car air conditioner openings. Furthermore, the condenser will absorb heat from the compressed freon the compressor produces, turning it from a gas to a liquid.

Typically, this condenser is found near the radiator's front. The position makes it inevitable that much dirt will enter the vehicle and contaminate the condenser. Condensation can be hampered by dirt in the car air conditioner condenser. The automobile condenser does require additional care, given its crucial function. The goal is to eliminate any chance of condenser leakage, which would reduce cabin heat when braking or traveling at low speeds.

The liquid condenser offers various advantages, such as giving the evaporator liquid that has been subcooled and permitting oil to circulate in the refrigerant system while removing moisture. Furthermore, it also provides a heat source for the thermal control of the battery.

Market Dynamics

The rising automotive industry across the globe, coupled with the growing preference of the young population towards sports cars, boots the demand for automotive liquid condensers for better driving comfort.

The rising automotive industry across the globe, coupled with the growing preference of the young population towards sports cars, boots the demand for automotive liquid condensers for better driving comfort

The world has experienced significant economic growth in the last couple of decades. The growth is more pronounced in emerging markets such as China, India and the wider Asia-Pacific. Years of sustained economic growth have led to rapid urbanization and industrialization. It has created positive socio-economic outcomes that have led to the emergence of a large middle class.

The rising disposable incomes of the middle class have increased the demand for consumer products such as cars. The adoption of automation has allowed manufacturing industries to increase output while keeping prices low substantially. Automated quality control and minimal human intervention ensure high quality throughout production. In order to cater to the growing demand from the middle class, automotive manufacturers have ramped up production. Companies have introduced new models and features to create attractive offerings to capture market share.

The growing demand and rising automotive industry production have created opportunities for the liquid condensers market to grow in the forecast period. In addition, sales of automotive liquid condensers in the aftermarket are anticipated to increase, particularly in the North American market, as the used car lifespan increases. Worldwide distribution of high-quality automotive liquid condensers is a goal for manufacturers. In order to meet consumer needs, they also carry out considerable research and development efforts to create growth prospects for the market to grow.

The high cost of automotive condensers hurdles the market growth for the product

Automotive liquid condensers have a relatively high maintenance cost and require routine maintenance (every six months, the coolant or refrigerant must be inspected and replaced). For instance, Car A/C liquid condenser replacement cost about US$679, with average auto AC condenser replacement prices ranging from US$585 to $773 in U.S. In addition, the total price for the average car AC condenser cost is around US$400 to US$900, with the parts costing between US$500-US$700 and the labor ranging between US$200 to US$400.

Furthermore, faulty condensers make it difficult for an automobile to achieve the ideal level of cooling or heating. The replacement of coolants and refrigerants is the cause of the high maintenance costs of vehicle condensers.

An automotive liquid condenser's fabrication and installation costs vary depending on the application. Due to the higher manufacturing costs, automotive liquid condensers are more expensive than conventional ones since they may need additional equipment and high-strength materials. Thus, the automotive condenser market worldwide is negatively impacted by all these causes.

COVID-19 Impact Analysis

The global automotive liquid condenser market experienced sharp declines in 2020 owing to COVID-19's impact. Governments across the globe imposed strict lockdowns and other restrictions in early April 2020 to curb the spread of COVID-19. The automotive manufacturing facilities had to close or scale back operations significantly to comply with the government directives.

The lockdown hampered ongoing production and created a backlog that burdened companies when the strict restrictions were partially lifted in September and October 2020. Production continued at a slower pace when compared to pre-pandemic levels.

The collapse in demand from vehicle manufacturers caused a severe disruption in the global automotive liquid condenser market. The research and development of new technologies and the introduction of new products were delayed. China, the largest automotive market globally, emerged from lockdowns relatively early by May 2020 and global demand, therefore, showed a slight recovery by the end of 2020. However, the second pandemic wave hit North America and Europe in early 2022 and global demand remains subdued. Global demand is expected to reach pre-pandemic levels by the end of 2022.

The scaling back and a partial shutdown of manufacturing operations and research and developmental activities severely affected the revenues of automotive liquid condenser manufacturing companies in the second and third quarters of 2020. However, the eventual lifting of lockdowns and increasing production toward pre-pandemic levels showed encouraging signs in 2022.

Segment Analysis

The global automotive liquid condenser market is segmented by type, material, vehicle, sales channel and region.

Effective heat exchanger and larger surface area boosts the market share for parallel-flow automotive liquid condenser

The global automotive liquid condenser market is segmented into tubes & fins, single flow, serpentines and parallel flow. Out of the mentioned automotive liquid condenser type, parallel flow automotive liquid condenser has recently gained popularity. The parallel flow condenser divides the unit into parts or "passes," creating a more effective procedure for changing the refrigerant from gas to liquid. It is a very effective heat exchanger.

The exchange is accomplished by forcing the refrigerant to reverse directions by 180° at the end of the side rails by inserting a plug within the rail at regular intervals. The refrigerant will shift direction more frequently the more plugs there are. The refrigerant typically "passes" through the condenser three to four times.

Furthermore, In contrast to conventional condensers, parallel flow condensers have a row of tiny tubes arranged closely together and have an interior diameter of roughly the size of a pin head, increasing the condenser's surface area and boosting its cooling capacity.

Geographical Analysis

The growing automotive industry and supportive government policies escalate the product demand in Asia-Pacific

Asia-Pacific is expected to lead the automotive liquid condenser market in the forecast period. China and India are mostly responsible for the market expansion. China and India are mostly responsible for the market expansion. With around 60% of the world's vehicles, the region's automobile demand will be the largest globally, owing to the world's highest population proportion and two densely populated nations, China and India.

Moreover, favorable government regulations and the escalating automotive industry are major factors driving this region's condenser' growth aftermarket. In addition, low labor costs and economic production conditions in ASEAN countries are also among a few reasons behind the aftermarket's current growth.

For instance, The Indian government has committed to play a key role in promoting EV demand and acceptance, encouraging collaborative R&D efforts and facilitating the construction of necessary infrastructure. Furthermore, key regional autotmotive players are another market driving factor for the product in Asia-Pacific. The key players under the category include Tata Motors Limited, Pranav Vikas, ESTRA and others.

Competitive Landscape

The global automotive liquid condenser market is highly competitive with local and global key players. Key players contributing to the market's growth are Denso, Mahle-Behr, Sanden, Modine, Delphi, Tata Motors Limited, Koyorad, Chaoli Hi-Tech and Keihin Pranav Vikas, among others.

The major companies are adopting several growth strategies, such as product launches, acquisitions and collaborations, contributing to the global growth of the automotive liquid condenser market.

• In 2021, Hanon Systems acquired condenser business from Keihin Corporation for certain operations in Europe and North America to strengthen the automotive condenser portfolio.

MAHLE

Overview: MAHLE is a growing international development partner and supplier to the automotive industry and a pioneer for future mobility. The group's product portfolio addresses all the crucial issues relating to the powertrain and air conditioning technology for drives with combustion engines and e-mobility. The group generated approximately EUR 1.7 billion in sales with more than 79,000 employees and is represented in over 30 countries with 160 production locations globally.

Product Portfolio: Cooling modules: Cooling modules offered by the company comprises multiple engine cooling components and the condenser, which forms part of the air conditioning circuit. All parts are perfectly matched for optimum performance. The modules are put together by the vehicle design concept, which lowers the costs of development, production and logistics.

Key Development

• On July 30, 2020, to hasten the traction battery's charging in hybrid and electric vehicles, MAHLE developed a new type of condenser. The new one delivers a much higher power density than the previous design. The condenser is one of the cooling system's components that guarantees the battery is effectively cooled during quick charging and dependable damage protection.

Why Purchase the Report?

• Visualize the global automotive liquid condenser market segmentation by type, material, vehicle, sales channel and region, highlighting key commercial assets and players.
• Identify commercial opportunities in the automotive liquid condenser market by analyzing trends and co-development deals.
• Excel data sheet with thousands of global automotive liquid condenser market-level 4/5 segmentation points.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key product of all major market players

The global automotive liquid condenser market report would provide approximately 69 market data tables,63 figures and 205 pages.

Target Audience 2022

• Service Providers/ Buyers
• Automotive
• Research Laboratory
• Restaurant Business
• Energy & Utilities Companies
• Distributors