By 2027 Automotive Hydrostatic Fan Drive System Market Will Surpass $571.5 Million at 6.0% CAGR Growth

PORTLAND, OREGAON, UNITED STATES, October 12, 2023 /EINPresswire.com/ — According to a recent report published by Allied Market Research, titled, “Automotive Hydrostatic Fan Drive System Market by Vehicle Type, Component, and Pump Type: Opportunity Analysis and Industry Forecast, 2020-2027,”the global automotive hydrostatic fan drive system market size was valued at $398.1million in 2019, and is projected to reach $571.5million by 2027, registering a CAGR of 6.0% from 2020 to 2027.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/5076

By region, Asia-Pacificdominated the market, followed byNorth America, Europe andLAMEA in 2019.Chinadominated the Asia-Pacificautomotive hydrostatic fan drive system market share in 2019, andAfrica is anticipated to exhibit a remarkable growth during the forecast period.

In internal combustion engines, most of the energy is lost due to the inefficiencies such as heat and only around 30% of the input energy is actually converted into mechanical power. For heavy vehicles, significant amount of horsepower is required for cooling system and it increases the noise level of the machine. For Tier 4 engines, the demand for efficient cooling system provides greater machine efficiency and quieter operation have increased. Also, conventional fan drives overcool under most condition to provide inadequate cooling during the more high heat operation conditions. In addition, hydrostatic fan drive systems offer control and fan speed varies according to the cooling demand of the engine. Due to this features of hydrostatics fan drive system, it consumes less power, increases fuel efficiency, and operating efficiency of the machine.

Increase in the use of the vehicle electronic control system in buses due to CAN-based control platforms is propelling the growth of the automotive hydrostatic fan drive system market in the on-road vehicle segment. For instance, Parker Hannifin, a global leader in motion and control technologies, offers a variety of CAN bus-based control platforms that can be integrated with the fan drive hydraulics. The installation of fan drive systems in vehicles reduces the diagnostic time & cost and increases efficiency by monitoring the performance. The fan drive facilitates buses with more functionality such as fan reversing with ramp, automated & manual fan reversing, and multiple fan location with independent control. These latest innovations in the field of coolant engine system are expected to create an opportunity in the coming years in the automotive hydrostatic fan drive system market size for on-road vehicles.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/automotive-hydrostatic-fan-drive-system-market/purchase-options

Vehicle functional requirements, stringent emission regulations, and thermal limits for the off-road vehicles are the primary factors that are expected to drive the growth of the automotive hydrostatic fan drive system market. For instance, in April 2019, fan drive manufacturing company Horton showcased its LCX Series heavy-duty RCV1000 and RCV2000 variable-speed fan drives portfolio at Bauma 2019 (the world’s largest construction machinery trade fair). LCX Series revealed the variable-speed design which rotates the fan at a wider range of speeds to match engine cooling demands more precisely. This new fan drive portfolio reduces fuel consumption, decreases noise and minimizes parasitic draw on the engine for increased working horsepower. The RCV1000 and RCV2000 were specifically designed for mining haul trucks and related heavy-duty, off-road equipment. Such trends are expected to create lucrative growth opportunities for the automotive hydrostatic fan drive system market.

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘 :

On the basis of vehicle type, thetrain metros and tramssegmentis anticipated to exhibit remarkable growth during the forecast period.

On the basis of component, the variable axial piston pump segment is the highest contributor to the global market in terms of revenue.

On the basis of region, LAMEA is the fastest growing region, followed by Europe, North America, and Asia-Pacific.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

Eaton Parker Hannifin ,
JTEKT HPI ,
Roxroth Bosch ,
Hydraforce Hydraulics ,
Danfoss ,
Bucher Hydraulics ,
Concentric AB ,
Quality Hydraulics & Pneumatics ,
Casappa S.p.A. ,
others.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/5076

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 :

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David Correa
Allied Market Research
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