The automotive heat exchanger market in Japan is expected to reach USD 4.26 billion by 2017, growing at a CAGR of 9.59% by 2020. Japan is one of the prominent markets for automotive heat exchangers in APAC. The country is second to China in the share of the automotive heat exchanger market in Asia-Pacific, with a share of more than 20%.
The increased adoption of hybrid and electric vehicles (that use a greater number of heat exchangers) in Japan is expected to help increase its share of the heat exchanger market during the forecast period. Japan is the 3rd largest automobile market in the world, after China and the U.S., making it a lucrative market for domestic consumption of heat exchangers. Significant investments in equipment and research-and-development activities are considered a barometer of growth in the economy, and similar trends drive the growth of the Japanese automotive industry.
Market Dynamics for Japan’s Automotive Heat Exchanger Market
In 2014, motor vehicle production in Japan increased for the first time in two years, totaling 9.77 million units, up by 1.5% from 2013, with passenger car production growing from 1.1% to a total of 8.28 million units. Truck and bus production also witnessed an increase, growing 3.8% to 1.36 million units and 5.4% to 139,000 units, respectively. The growth prospect for the passenger cars promises significant growth in the automotive heat exchanger market.
With the volatility of oil price and growing concern about energy conservation, the development of energy-efficient technologies for automobiles has taken on an accelerated pace. Microchannel aluminum heat exchangers are being used in the automotive industry for their energy-efficiency. Heat exchanger manufacturing companies are investing heavily in R&D to develop energy-efficient heat exchangers. Vendors are actively investigating the use of thermoelectric technology to recover the loss of wasted heat energy.
TE waste heat energy recovery system is under research for implementation in internal combustion engines of automobiles. A TEG system will be also implemented for automotive waste heat recovery systems. The use of a plate-fin automotive heat exchanger along with a TEG will enhance the transfer of heat. For instance, Climetal has introduced advanced microchannel aluminum heat exchangers for HVAC systems in automotive and other commercial systems. The close spacing and the small channel diameter in a microchannel aluminum heat exchangers helps to produce a heat exchanger with very high energy-efficiency and a very low refrigerant charge. Thus, by optimizing the design of the heat exchanger, it is able to provide increased energy efficiency and savings in terms of the operating cost. The development in the automotive heat exchanger technology is expected to augment the adoption of automotive heat exchangers in automotive vehicles during the forecast period.
The market is segmented on the basis of application, design type, and vehicle type. The automotive radiator leads the market with a share of more than 62% in the application type. The shell and tube type heat exchangers accounted for the largest share in the Japan’s heat exchanger market. The growth in the electric vehicle segment is expected to be the highest among the vehicle types. The automotive heat exchanger market is fragmented and highly competitive with the presence of a large number of vendors across the Asia-Pacific region. Thereby, it is expected that international players will grow inorganically during the forecast period by acquiring the regional or small players in the market.
Some of the key players in the market are:
What the Report Offers
- Market definition along with identification of key drivers and restraints for the market.
- Market analysis with region specific assessments and competition analysis on the market.
- Identification of factors instrumental in changing the market scenario and rising prospective opportunities, and identification of key companies that can influence the market.
- Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
- Identification and analysis of the macro and micro factors that affect the industry.
1.1 Research Methodology
1.2 Key Findings of the Study
2. KEY FINDINGS
3. EXECUTIVE SUMMARY
4. GLOBAL AUTOMOTIVE HEAT EXCHANGER: MARKET OVERVIEW
5. MARKET OVERVIEW AND TECHNOLOGY TRENDS
5.1 Current Market Scenario
5.2 Technology Trends
5.3 Porter's Five Forces Framework
6. MARKET DYNAMICS
6.4 Latest Technological Developments
6.5 Material Fitment Analysis- Aluminum over other metals
7. JAPAN AUTOMOTIVE HEAT EXCHANGER MARKET, BY APPLICATION (Growth, Innovations, and Feasibility of Sensor type)
7.2 Oil Coolers
7.4 Air Conditioning and Condenser
7.5 Exhaust Gas Heat Exchanger
8. JAPAN AUTOMOTIVE HEAT EXCHANGER MARKET, BY DESIGN TYPE (Growth, Trends, and Durability)
8.4 Extrusion Fin/Others
9. JAPAN AUTOMOTIVE HEAT EXCHANGER MARKET, BY VEHICLE TYPE
9.1 Electric Vehicles
9.2 Conventional (ICE) Vehicles
10. COMPETITIVE LANDSCAPE
10.2 Market Share Analysis
10.3 Developments of Key players
11. KEY VENDOR ANALYSIS
11.2 AKG Thermal Systems
11.5 Comco Corporation
11.6 Constellium N.V.
11.8 HRS Process Systems
11.12 Modine Manufacturing
11.13 Ningbo Lurun Cooler
11.14 Nippon Light Metals
11.16 Precision Micro
11.19 Visteon Corp
11.20 Wuxi Guanyun Heat Exchanger Co.,Ltd.
11.21 Weifang HengAn Radiator
11.22 Zhejiang Yinlun Machinery
12. FUTURE AND INVESTMENT OUTLOOK