The global transmission cooler market is anticipated to grow at a CAGR of 10.0% during the forecast period. A transmission cooler is a device designed to regulate and lower the temperature of the transmission fluid in a vehicle's transmission system. It typically consists of a heat exchanger, usually located in the front of the vehicle that dissipated heat generated by the transmission fluid during operation. Transmission coolers are important for maintaining optimal operating temperatures for the electric drivetrain components of EVs, which assists in extending the transmission life while preventing the damage to the power electronics and inverters. Incorporating transmission coolers into EVs can provide several benefits, including efficient dissipation of excess heat produced by the power electronics and inverters, preventing overheating, and ensuring the longevity and reliability of these components.
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Additionally, the rise in the sales of EVs is also responsible for propelling the adoption of new technology transmission coolers. For instance, according to International Energy Agency, a total of 3 million electric cars were sold in 2020 and the number of electric cars sold doubled in 2021 to reach 6.6 million units. This represents a significant increase in market share in recent years. The growth of electric and hybrid vehicles is becoming more popular and transmission coolers are critical to extending their range and improving their performance. The market players such as Rugged Ridge, aFe POWER, and Horton, among others, are considerably contributing to the market growth by adopting various strategies such as mergers and acquisitions, partnerships, collaborations, designs patented, funding, and new product launches to offset the increasing demand of transmission cooler in EV vehicle market. For instance, in November 2021, Horton developed the latest technology high voltage cooling system for heavy-duty vehicles and equipment. The system is designed to aid the thermal management of electric heavy-duty on- and off-road vehicles and equipment, including battery- and fuel-cell-electric vehicles (EVs). The high-voltage cooling system will cool the power systems of these vehicles and equipment.
Market Coverage
• The market number available for – 2023-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes US Motor Works LLC, Hayden Agencies, Mishimoto, DBA, Resource Intl. Inc., Taylored Investments Ltd., aFe POWER and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Transmission Cooler Market Report Segment
By Type
By Application
Global Transmission Cooler Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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