Global Automotive Cooling Fans Market Segments 2024, Forecast To 2033
5 Mar, 2024
The automotive cooling fan market exhibited strong growth, rising from $53.49 billion in 2023 to $56.55 billion in 2024, with a 5.7% CAGR. Growing vehicle production and regulatory standards contributed to historical growth. The market is projected to reach $70.78 billion in 2028, driven by electric vehicle adoption and innovations in materials.
Global Automotive Cooling Fans Market Key Driver
The automotive cooling fan market is experiencing growth, propelled by the increasing traction of electric vehicles. Electric vehicle market share in the U.S. grew from 0.2% in the past decade to 4.6% in 2021, with a potential to reach 40% of total passenger car sales by 2030. Cooling fans play a crucial role in preventing overheating of lithium-ion battery packs.
Get A Free Sample Of The Global Automotive Cooling Fans Market ReportGlobal Automotive Cooling Fans Market Segments
The automotive cooling fans market covered in this report is segmented –
1) By Type: Radiator Fan, Electric Fan, Mechanical Fan, Condenser Fan
2) By Sales Channel: OEMs (Original Equipment Manufacturers), Aftermarket
3) By Vehicle Type: Passenger Vehicle, Commercial Vehicle
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacificwas the largest region in the automotive cooling fan market in 2023. Asia-Pacific is expected to be the fastest-growing region in the automotive cooling fan market report forecast period. The regions covered in the automotive cooling fans market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Automotive Cooling Fans Industry Players
AMETEK Inc.; DENSO Corporation; Flexxaire Inc.; Horton Holding Inc.; Multi-Wing America Inc.; SPAL Automotive Srl; Toshiba Electronic Devices & Storage Corporation; Sunonwealth Electric Machine Industry Co. Ltd.; Valeo SA; Continental AG; USUI Co. Ltd.; SCFM Corporation; Guangzhou Tech Master Auto Parts Co. Ltd.; Standard Motor Products Inc.; The ebm-papst Group; Delta Electronics Ltd.; BorgWarner Inc.; Flowserve Corporation; General Electric Company; Nidec Corporation; American Cooling Technology Inc.; Pelonis Technologies Inc.; Kenlowe Group Ltd.; Truflo International Ltd.; Ziehl-Abegg SE; Rosenberg Ventilatoren GmbH; Howden Group Ltd.; ABB Ltd.; Siemens AG; Mitsubishi Electric Corporation; Schneider Electric SE; Emerson Electric Co.; Honeywell International Inc.
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AIOps Automotive Cooling Fans Market Overview
The automotive cooling fan is an important component of the cooling system used in automobiles to keep the operating temperature of the engine within a specified range to optimize the overall performance of the engine.
Automotive Cooling Fans Global Market Report 2023 provides data on the global automotive cooling fans market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The automotive cooling fans market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.