Oil Coolers Market Projected to Reach USD 2,237.72 million, at a CAGR of 6.24% from 2023 to 2032 – Report by Market Research Future (MRFR)
Oil Coolers Market Growth Boost by Rising Technological Advancements and Increasing The Efficiency Of Several Industrial Equipment
New York, US, Aug. 04, 2023 (GLOBE NEWSWIRE) -- According to a Comprehensive Report by MRFR/Market Research Future (MRFR), “Oil Coolers Market Information By Capacity, Type, Application, and Region - Forecast till 2030”, The oil coolers market can surge from USD 1,452.45 million in 2023 to USD 2,237.72 million in 2030, with a CAGR of 6.24% over the forecast period (2023– 2030).
*Oil Coolers Market Synopsis*
The common method for removing extra heat from an internal combustion engine is oil cooling, which employs oil as a coolant. Oil normally passes via a heat exchanger after receiving heat from the hot engine, which transfers heat to the oil. When employed in heat exchangers, oil coolers have a number of advantages and disadvantages, including Oil has a greater boiling point than water, which enables it to be utilized to cool objects at temperatures where water cannot. High temperatures are to be expected given the range of purposes for which the fluids in heat exchangers are heated. The oil cooler's main purpose is to prevent dangerous temperature increases.
*Market Competitive Landscape:*
The top manufacturers in the market for oil coolers market are
· MAHLE (Germany)
· AKG Group (Austria)
· Calsonic Kansei Corporation (Japan)
· PWR Corporate (Australia)
· NRF (Netherlands)
· Thermex (Russia)
· Earls Performance (United States)
· CBR Performance Products (Australia)
· Proflow (Australia)
· RAAL (Slovenia)
· Among others.
*Get Free Sample PDF Brochure:*
https://www.marketresearchfuture.com/reports/oil-coolers-market-11946
*
Oil Coolers Market USP Covered:*
*Market Drivers:*
The upsurge in the crude oil crises and the rising demand for fuel-efficient cars are the main reasons supporting the market size for oil coolers. The advantages of using oil coolers include engine protection and resource conservation. Due to their ability to lower engine oil temperature and increase oil life, oil coolers are becoming more and more popular in various industrial applications.
The rising cost of fuel is another element that indirectly stimulates the market. In order to address the problem of fuel loss, automotive manufacturers are concentrating on evaluating all the possibilities in the oil coolers. Opportunities for the oil coolers market are emerging as attention shifts to sustainable development and reducing carbon footprints.
The availability of specialized and personalized solutions for oil coolers fosters the market's expansion. The high initial investment costs and the potential damage caused by poor oil cooler installation are factors that are negatively affecting the market's growth.
*Oil Coolers Market Report Scope:*
*Report Metrics* *Details*
Market Size 2032 2032: USD 2,237.72 million
CAGR during 2023-2032 6.24% CAGR
Base Year 2022
Forecast 2023-2032
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered capacity, type, application and region
Geographies Covered North America, Europe, Asia Pacific, Middle East & Africa and South America
Key Market Opportunities Technological Advancements And New Product Launches
Key Market Dynamics Focus On Increasing The Efficiency Of Several Industrial Equipment
*
Browse In-depth Market Research Report (128 Pages) on* *Oil Coolers Market:*
https://www.marketresearchfuture.com/reports/oil-coolers-market-11946
*
Market Restraints:*
The Russian invasion of Ukraine had a detrimental effect on the entire world, particularly Eastern Europe, the European Union, Eastern & Central Asia, and the United States. It also caused significant disruptions in trade dynamics. The continued conflict and unrest in Eastern Europe are projected to have a negative influence on the global economy, with particularly severe long-term implications on Russia. The market growth rate for oil coolers has been impacted by this.
*Oil Coolers Market COVID 19 Analysis*
Nearly every business has been impacted by the unprecedented worldwide public health emergency known as COVID-19, and the long-term impacts are expected to have an influence on industry growth throughout the course of the forecast period. In order to assure the inclusion of underlying COVID-19 concerns and potential future directions, our continuous study expands upon our research approach. The paper provides information on COVID-19 taking into account changes in consumer demand and behaviour, buying habits, supply chain rerouting, dynamics of contemporary market forces, and important government initiatives. Insights, analyses, projections, and forecasts are provided in the updated study, which takes the market impact of COVID-19 into account.
*
Buy Now Premium Research Report:*
https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=11946
*
Oil Coolers Market Segmentation*
*By Capacity *
The market has been divided into two categories based on capacity: below 10kW and above 10kW. With a market value of USD 895.46 million in 2022 and an anticipated CAGR of 5.84% over the following five years, the over 10kW sector led the group.
*By Type *
The oil cooler market has been broken down into subcategories based on type, including 7 Row Oil Coolers, 10 Row Oil Coolers, 15 Row Oil Coolers, 19 Row Oil Coolers, and others.
*By Application *
The market has been categorized as industrial, marine, agricultural, and other segments depending on the application. With a market size of USD 671.52 million in 2022 and an anticipated CAGR of 5.99% throughout the projection period, the industrial category led all other categories.
*Oil Coolers Market Regional Insights*
With a value of USD 512.64 million in 2022, Asia Pacific held the greatest market share of 37.19%; over the forecast period, the region can anticipate seeing a CAGR of 6.94%. The market in North America, which was estimated to be worth USD 374.19 million in 2021, will acquire the highest CAGR of 5.53% over the study period.
*
Ask for Customization:*
https://www.marketresearchfuture.com/ask_for_customize/11946The mounting demand from China and India is mostly responsible for the increase in oil cooler demand in the Asia Pacific. The majority of the region's oil cooler exports come from these two nations. The Asia-Pacific region supplies agricultural machinery to meet half of the demand on the global market.
*Related Reports:*
Oil & Gas Separators Market Research Report Information by Technology, Type, Application, Vessel Configuration – Forecast Till 2030
Oil and Gas Waste Heat Recovery Market Research Report Information By Sector, By Application, By Equipment And By Region - Market Forecast Till 2032
Oil Filter Market Research Report Information by Filter Type, Filter Media, Vehicle Type, Fuel Type, Sales Channel, and Region - Global Forecast till 2030
*About Market Research Future:*
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
*Follow Us:* LinkedIn | Twitter
CONTACT: Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com