Driving this projected growth is the increase in demand for small-sized vehicles in the region that will result in downsizing of engines and hence a larger need for turbochargers. Since the use of turbochargers would heat up the engine, a heat exchanger to cool the compressed air from the engine will become more necessary.

With this, a growth will be seen in the automotive heat exchanger market, says Faisal Ghaus, vice president of the market research company.

In the report, highlighted is also the growing demand for aluminium automotive heat exchangers that has compelled original equipment manufacturers (OEMs) to focus on reducing total vehicle weight. One measure taken into consideration was the design of the heat exchangers; majority of those today are based on tube or fin designs.