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At 5.83% CAGR, Global Auxiliary Oil Cooler Market to Surpass US$ 1498.67 Mn By 2030, Forecast Report By Zion Market Research

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the global Auxiliary Oil Cooler market size was valued at USD 952.61 million in 2022 and is predicted to reach USD 1498.67 million by the end of 2030. The market is expected to grow with a CAGR of 5.83% during the forecast period. The report analyzes the global Auxiliary Oil Cooler market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Auxiliary Oil Cooler industry.

Auxiliary Oil Cooler Market: Overview

The auxiliary oil cooler is used to cool the fluid in the automatic transmission in both automotive and industrial applications. The seals in the transmission gear box may deteriorate if the transmission fluid temperature rises over a particular point, shortening the fluid’s shelf life. Up until it’s needed, the auxiliary oil cooler maintains a cool temperature.

Auxiliary Oil Cooler Market: Facts

Utilizing a brazed all-aluminum construction, the auxiliary oil cooler is the creation of industry participant Calsonic Kansei. As a result, the product is far more robust and lightweight. Zinc cladding is used on components to prevent corrosion. The Alcan has developed a brazing method called NocolokTM, which is used for the core. Depending on the use, supplemental oil coolers can be customized.

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Auxiliary Oil Cooler Market: Segmentation

Auxiliary oil coolers are divided into two segments of the worldwide market: material type and end-user industry. The global market is divided into categories such as zinc, steel, aluminum, and others based on the kind of material. The market is divided into industrial, manufacturing, and agricultural segments based on the end-user industry.

Auxiliary Oil Cooler Market: Growth Factors

The rise in the crude oil crisis and the rising demand for fuel-efficient cars are the main drivers propelling the market for auxiliary oil coolers. The auxiliary oil coolers offer several advantages, such as safeguarding the engine, conserving resources, lowering engine oil temperature, and prolonging oil life. There is a growing need for auxiliary oil coolers in many industrial settings. The rising cost of fuel is another element that indirectly stimulates the market. So that they can address the problem of fuel loss, automakers are concentrating on assessing all the options in auxiliary oil coolers. Concerns are growing.

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Auxiliary Oil Cooler Market: Regional Analysis

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.