Global Auxiliary Oil Cooler Market share, Trend, Competitor Strategy and Forecast to 2024

Auxiliary Oil Cooler Market: Overview

In the industrial and the automotive applications, the auxiliary oil cooler is used to cool the automatic transmission of the fluid. If the temperature of the transmission fluid is above a certain temperature than the seals in the transmission gearbox may get eroded thus reducing the lifespan of the fluid. The auxiliary oil cooler keeps the temperature cool till it is required.

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The market player Calsonic Kansei has designed the auxiliary oil cooler that makes use of the brazed all-aluminum construction. This makes the product a lot more light-in-weight and durable. In order to avoid the corrosion of the parts zinc cladding is used. Nocolok™ is a brazing process that is patented by the Alcan; this process is used for the core. Customized auxiliary oil coolers are available depending on the application.

The global market for the auxiliary oil cooler market is fragmented into the material type and the end-user industry. Depending on the material type, the global market is segregated into zinc, steel, aluminum, and others. Depending on the end-user industry, the market is categorized into industrial, manufacturing, and agriculture.

The primary factors that are driving the auxiliary oil cooler market are the rise in the crisis of the crude oil and the increasing demand for the vehicles that are fuel efficient. The benefits that are provided by the auxiliary oil coolers include protecting the engine, help in saving the resources reduces the temperature of the engine oil, and extends the life of the oil owing to these features the demand for the auxiliary oil coolers are increasing in several industrial applications. Another factor that boosts the market indirectly is the increasing prices of the fuel. Thus the automobile manufacturers are focusing to evaluate all the opportunities in the auxiliary oil coolers so that they can solve the issue of the fuel loss. Increasing concerns regarding minimizing the carbon footprint and the sustainable development are opening up new opportunities for the auxiliary oil cooler. The availability of the tailor-made and customized solutions of the auxiliary oil cooler propel the growth of the market. The factors that are affecting the growth of the market negatively are the high initial cost of investment and improper installation of the auxiliary oil cooler may cause harm to the vehicle.

The regions that have a major market share in the auxiliary oil cooler market are Europe and North America. In the coming years, the market will experience a rapid growth in these regions owing to the developing end-user industry which includes the automobile industry and the auxiliary oil coolers are used in various industrial applications such as mobile, agriculture, manufacturing, and others. The European regions contribute a good share in the market of automotive variable discharge oil pump due to the rise in the awareness of the optimum usage of the oil.

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Market Competitive Players

The key market players that are involved in the auxiliary oil cooler market include Calsonic Kansei, Toyota, Modine Manufacturing Company, PWR Performance Products, Hayden, Fluidyne, and others.

Auxiliary Oil Cooler Market by Regional Analysis: North America( U.S.), Europe( UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and Africa

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Auxiliary Oil Cooler Market

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