Automotive Dual Cooling System Market: Introduction

  • The number of vehicles in use is increasing year-on-year and thus, increasing fuel/energy consumption and carbon dioxide emission into the environment. Therefore, efforts to meet future legislated emission requirements, including those for carbon dioxide, are driving the demand for enhanced cooling technology solutions and consequently, the global automotive dual circuit cooling system market.
  • In a dual circuit cooling system, one circuit provides lubrication oil to cool the engine cylinder, while the second loop or circuit employs water to cool the after engine head. The cooling circuits are independent of each other; however, they have a connection and share a common expansion tank. Independence of the circuits enables the maintenance of a different coolant temperature in each of them.

Key Drivers of Automotive Dual Circuit Cooling System Market

  • Increasing constraints on the engine compartment poses a significant challenge to installation of components and dissipation of enormous amounts of heat. Cooling of the engine compartment places high demands on modern cooling systems and therefore, great progress has been made in cooling technology in the last few years, which is driving the demand for enhanced cooling solutions such as dual circuit cooling systems.
  • Rise in production and sales of electric vehicles is driving the automotive dual circuit system market, as sophisticated temperature control technology such as dual-circuit cooling systems are required to control the temperature of the battery, as well as service electric motor and power electronics in EVs to cope with the performance of the electric vehicle.

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Restrains in Automotive Dual Circuit Cooling System Market

  • Development of more robust, high performance, and cost-efficient automotive cooling systems for harsh weather conditions and roads in emerging markets, such as India and Brazil, poses a challenge before OEMs of cooling systems
  • The recent outbreak of COVID-19 pandemic has affected national as well as international supply chains, manufacturing and R&D operations, which in turn has hampered the market. Post first wave of COVID-19, global economies have started opening up and automotive operations have begun to normalize; however, increase in the COVID-19 cases in European countries again has prompted governments in the region to opt for a second round of lockdown restrictions and hence, the uncertainty in the automotive industry continues.

Opportunities in Automotive Dual Circuit Cooling System Market

  • Upcoming applicable laws on emissions are estimated to enable the operating temperature to increase by a further 10% in order to be able to guarantee optimized combustion. Increased temperature requires high performance cooling systems such as dual circuit cooling systems.

Europe holds Significant Share of Global Automotive Dual Circuit Cooling System Market

  • In 2020, Europe has been the beacon of EV sales, with 57 % growth for the first half of the year, while the overall vehicle market has declined by 37%. Rapid increase in EV sales started in September 2019 and gained further momentum in 2020. Harmonized light vehicle test procedures have been introduced worldwide to determine the levels of pollutants, CO? emissions, and fuel consumption of traditional and hybrid cars as well as the range of fully electric vehicles. Moreover, changes in national vehicle taxation and grants have created more awareness and fueled the demand for EVs. The current pace of EV sales is likely to continue and would boost the demand for automotive dual circuit cooling systems in Europe, as compared to that in other regions, during the forecast period.

Key Players Operating in Automotive Dual Circuit Cooling System Market

The automotive dual cooling system market is moderately consolidated with the presence of top manufacturers. A few of the key players operating in the automotive dual cooling system market are:

  • Robert Bosch GmbH
  • Denso Corporation
  • MAHLE GmbH
  • Marelli Corporation
  • Borgwarner
  • Marelli Corporation
  • Delphi Automotive LLP
  • Schaeffler Group
  • Valeo SA
  • HELLA GmbH & Co. KGaA

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Global Automotive Dual Circuit Cooling System Market: Research Scope

Global Automotive Dual Circuit Cooling System Market, by Vehicle Type

  • Passenger Vehicle
  • Commercial Vehicle

Global Automotive Dual Circuit Cooling System Market, by Propulsion

  • Internal Combustion Engine (ICE)
  • Diesel
  • Petrol
  • Electric
  • Battery Electric Vehicle (BEV)
  • Hybrid Electric Vehicle (HEV)

Global Automotive Dual Circuit Cooling System Market, by Vehicle Type

  • Two-Wheelers
  • Passenger Vehicle
  • Commercial Vehicle

Global Automotive Dual Circuit Cooling System Market, by Sales Channel

  • OEM
  • Aftermarket

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Automotive Dual Circuit Cooling System Market