Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Intercooler Market by Type (Air to Air, Air to Water), By Application (Automotive, Non-Automotive) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Intercooler Market by Type (Air to Air, Air to Water), By Application (Automotive, Non-Automotive) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 135639 3300 Machinery & Equipment 377 235 Pages 4.7 (33)

Market Overview:

The global intercooler market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for passenger cars and commercial vehicles, globally. Additionally, the growing awareness about fuel efficiency and reduction in emissions is also propelling the demand for intercoolers in the automotive segment. Air-to-air type intercoolers are witnessing higher adoption rates as compared to air-to-water type intercoolers, owing to their lower weight and better heat dissipation properties. North America held a dominant share of 43% in 2017, followed by Europe and Asia Pacific respectively.

Global Intercooler Industry Outlook

Product Definition:

An intercooler is a device used to cool the air entering an engine. The cooler air allows for more complete combustion and therefore more power.

Air to Air:

Air to Air or A2A is a term used for the transfer of heat and other forms of energy from one medium to another without the need for any physical contact. In an air to air intercooler, hot air is transferred from a gas turbine exhaust stream which is passed through a cooling tower where it meets cold ambient air which results in reduced temperature and thus reduces the effect of temperature rise on turbine operation.

Air to Water:

An intercooler is an air to water heat exchanger which uses cold air as a coolant and reduces the temperature of hot water before it gets mixed with gas. The product has applications in various industries including power generation, food & beverage processing, chemical manufacturing and petroleum refining among others. Increasing demand for energy efficient systems along with growing concerns regarding greenhouse gas emissions are expected to drive market growth over the forecast period.

Application Insights:

The automotive segment is anticipated to emerge as the fastest-growing application segment over the forecast period. The growth can be attributed to increasing demand for passenger vehicles in emerging economies of Asia Pacific and Latin America. As per IEA, sales of light commercial vehicles (LCVs) were highest in 2017 in Asia Pacific at 2,adders involving LCVs were highest in 2017 at 1,868 thousand units while that involving trucks was highest in 2016 at 684 thousand units. These factors are expected to increase product demand for intercoolers over the forecast period.

Non-Automotive applications include heavy trucks and construction equipment among others where high performance is required from the air intake system but space is limited or there are no requirements regarding vehicle size or weight limit imposed by law on such machines.

Regional Analysis:

Asia Pacific is expected to be the fastest-growing market, expanding at a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing automotive production in the region. The presence of key manufacturers such as GE Aviation Turbo Technologies, Ltd., Rolls-Royce Holdings Limited and Pratt & Whitney Canada Aircraft Engines Limited will drive demand for intercoolers in this region.

The Asia Pacific was followed by Europe which accounted for over 25% of the total revenue share in 2017 owing to stringent emission norms coupled with growing automobile production particularly in Germany, Italy and France. In addition, rising oil & gas exploration activities are anticipated to augment product demand across end-use industries such as power generation and transportation during the forecast period.

Growth Factors:

  • Increasing demand for vehicles with better fuel efficiency is expected to drive the growth of the Intercooler market.
  • The increasing popularity of turbocharged engines is also anticipated to boost the demand for Intercoolers in the coming years.
  • Stringent emission norms by regulatory authorities are also projected to propel the growth of this market in near future.
  • Rising disposable income and changing consumer preferences are also expected to favor the growth of this market over next few years .
  • Technological advancements and innovations in product design are likely to provide new opportunities for players operating in this market during forecast period

Scope Of The Report

Report Attributes

Report Details

Report Title

Intercooler Market Research Report

By Type

Air to Air, Air to Water

By Application

Automotive, Non-Automotive

By Companies

Delphi, Hella, Valeo, Honeywell, Denso, Nissens, CalsonicKansei, Jiangsu Jiahe Thermal Systen Radiator, Guangzhou Woshen Auto Radiator, KVR International, Bell Intercoolers, JC Performance Parts, Modine Manufacturing

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Intercooler Market Report Segments:

The global Intercooler market is segmented on the basis of:


Air to Air, Air to Water

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.


Automotive, Non-Automotive

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Delphi
  2. Hella
  3. Valeo
  4. Honeywell
  5. Denso
  6. Nissens
  7. CalsonicKansei
  8. Jiangsu Jiahe Thermal Systen Radiator
  9. Guangzhou Woshen Auto Radiator
  10. KVR International
  11. Bell Intercoolers
  12. JC Performance Parts
  13. Modine Manufacturing

Global Intercooler Market Overview

Highlights of The Intercooler Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Air to Air
    2. Air to Water
  1. By Application:

    1. Automotive
    2. Non-Automotive
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Intercooler Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Intercooler Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

An intercooler is a device that helps to cool the air that goes into a engine. It does this by removing heat from the air before it enters the engine. This reduces the amount of heat that can damage the engine.

Some of the major companies in the intercooler market are Delphi, Hella, Valeo, Honeywell, Denso, Nissens, CalsonicKansei, Jiangsu Jiahe Thermal Systen Radiator, Guangzhou Woshen Auto Radiator, KVR International, Bell Intercoolers, JC Performance Parts, Modine Manufacturing.

The intercooler market is expected to register a CAGR of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Intercooler Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Intercooler Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Intercooler Market - Supply Chain
   4.5. Global Intercooler Market Forecast
      4.5.1. Intercooler Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Intercooler Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Intercooler Market Absolute $ Opportunity

5. Global Intercooler Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Intercooler Market Size and Volume Forecast by Type
      5.3.1. Air to Air
      5.3.2. Air to Water
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Intercooler Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Intercooler Market Size and Volume Forecast by Application
      6.3.1. Automotive
      6.3.2. Non-Automotive
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Intercooler Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Intercooler Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Intercooler Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Intercooler Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Intercooler Demand Share Forecast, 2019-2029

9. North America Intercooler Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Intercooler Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Intercooler Market Size and Volume Forecast by Application
      9.4.1. Automotive
      9.4.2. Non-Automotive
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Intercooler Market Size and Volume Forecast by Type
      9.7.1. Air to Air
      9.7.2. Air to Water
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Intercooler Demand Share Forecast, 2019-2029

10. Latin America Intercooler Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Intercooler Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Intercooler Market Size and Volume Forecast by Application
      10.4.1. Automotive
      10.4.2. Non-Automotive
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Intercooler Market Size and Volume Forecast by Type
      10.7.1. Air to Air
      10.7.2. Air to Water
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Intercooler Demand Share Forecast, 2019-2029

11. Europe Intercooler Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Intercooler Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Intercooler Market Size and Volume Forecast by Application
      11.4.1. Automotive
      11.4.2. Non-Automotive
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Intercooler Market Size and Volume Forecast by Type
      11.7.1. Air to Air
      11.7.2. Air to Water
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Intercooler Demand Share, 2019-2029

12. Asia Pacific Intercooler Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Intercooler Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Intercooler Market Size and Volume Forecast by Application
      12.4.1. Automotive
      12.4.2. Non-Automotive
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Intercooler Market Size and Volume Forecast by Type
      12.7.1. Air to Air
      12.7.2. Air to Water
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Intercooler Demand Share, 2019-2029

13. Middle East & Africa Intercooler Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Intercooler Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Intercooler Market Size and Volume Forecast by Application
      13.4.1. Automotive
      13.4.2. Non-Automotive
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Intercooler Market Size and Volume Forecast by Type
      13.7.1. Air to Air
      13.7.2. Air to Water
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Intercooler Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Intercooler Market: Market Share Analysis
   14.2. Intercooler Distributors and Customers
   14.3. Intercooler Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Delphi Overview Financials Developments Strategic Outlook
      14.4.2. Hella Overview Financials Developments Strategic Outlook
      14.4.3. Valeo Overview Financials Developments Strategic Outlook
      14.4.4. Honeywell Overview Financials Developments Strategic Outlook
      14.4.5. Denso Overview Financials Developments Strategic Outlook
      14.4.6. Nissens Overview Financials Developments Strategic Outlook
      14.4.7. CalsonicKansei Overview Financials Developments Strategic Outlook
      14.4.8. Jiangsu Jiahe Thermal Systen Radiator Overview Financials Developments Strategic Outlook
      14.4.9. Guangzhou Woshen Auto Radiator Overview Financials Developments Strategic Outlook
      14.4.10. KVR International Overview Financials Developments Strategic Outlook
      14.4.11. Bell Intercoolers Overview Financials Developments Strategic Outlook
      14.4.12. JC Performance Parts Overview Financials Developments Strategic Outlook
      14.4.13. Modine Manufacturing Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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