Automotive Hydrostatic Fan Drive System Market Projected to reach $571.5 million by 2027

The global automotive hydrostatic fan drive system market size was valued at $398.1 million in 2019, and is projected to reach $571.5 million by 2027, registering a CAGR of 6.0% from 2020 to 2027. Asia-Pacific accounted for the highest sharein the global automotive hydrostatic fan drive system market in 2019, in terms of revenue, and LAMEA is anticipated to exhibit remarkable growth rate during the forecast period.

The automotive hydrostatic fan drive system is a vital component incorporated in the automobile that assists with lubrication, sensors, and control units. The main purpose of a fan drive system is to remove excess heat and maintain temperature in the vehicle when the engine heats up. For heavy-duty vehicles and equipment, engine cooling fan systems use horsepower that increases the overall noise level of the vehicles. Hydrostatic fan drive system helps these vehicles by improving the engine cooling efficiency with lowering the noise heat operations related to engines, conventional fan drive systems such as clutch & pneumatic drives, electromagnetic & viscous drives, and variable pitch fans, generally fail due to high use of power. This drawback was overcome by the newly introduced temperature-activated as well as electronically controlled, hydrostatic fan drive system that offers fine control and reduces the fan speed during times of low cooling demand.

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Major Market Players:
• BOSCH REXROTH AG (BOSCH)
• BUCHER HYDRAULICS
• CASAPPA S.P.A
• CONCENTRIC AB
• DANFOSS
• EATON
• HYDRAFORCE HYDRAULICS
• JTEKT HPI
• PARKER HANNIFIN CORP
• QUALITY HYDRAULICS & PNEUMATICS INC

Various suppliers operating in the supply chain are witnessing problem of raw material shortage, which in turn is impacting the market and there is a continuously growing risk of raw material shortage if the situation continues. In addition, the complete supply chain is facing unpredictable issues and challenges such as OEM shutdowns, insufficient labor, output reduction, and raw material due to rapid spread of COVID-19, which in turn has affected the automotive hydrostatic fan drive system market.

Factors such as focus of governments to reduce emission and rise in demand for hydrostatic fans, drive the market growth. In addition, development of technology for reducing carbon dioxide (CO2) emission and development & innovation in engine manufacturing boost the demand for automotive hydrostatic fan drive system in the global market. However, high initial and maintenance cost, and adoption of electric vehicle across the globe are some of the major restraining factors of this market. Moreover, growing demand for low-emission off-highway vehicles in LAMEA are creating lucrative opportunities for the market.

Key Market Segments
• BY COMPONENT
o Variable axial piston pump
o Fixed gear motor
o Engine control unit
o Oil cooler
o Hydraulic valves & sensors
• BY VEHICLE TYPE
o On-road vehicles
? Bus
? Truck
o Off-road vehicles
? Construction & Mining
? Agricultural
o Train, Metro and Trams
• BY PUMP TYPE
o Fixed displacement pump
o Variable displacement pump

In many industrialized nations, there are legislations & directives governing the emission of pollutant gases such as carbon monoxide and dioxides, or sulfur and nitrogen oxide, from diesel engines. For instance, governments in the Asia-Pacific region are actively promoting environment-friendly vehicles in their respective countries since the Climate Change agreement in Paris. Also, the U.S. Environmental Protection Agency (EPA) and the National Highway Traffic Safety Administration (NHTSA) jointly published the second phase of greenhouse gas (GHG) emissions and fuel efficiency standards for medium- and heavy-duty vehicles and engines through model year 2027. For instance, in July 2018, Horton, (a leading provider of premium engine-cooling solutions), launched new variable-speed fan drives and fan blades designed to improve commercial vehicle cooling system performance. This new fan drive and blade help engine makers to meet the increasingly stringent requirements in Phase 2 of the federal greenhouse-gas regulations. Thus, rise in innovation with government support in the field of fan drive system to provide flexibility, and on-demand control of the coolant flow are expected to create lucrative opportunities for the automotive hydrostatic fan drive system market in coming years.

Rise in awareness about pollution-free environment across the globe and favorable subsidiary policies for buyers by the governments have increased the demand for electric vehicles (EV). These electric vehicles have different types of cooling systems and modern production EV uses only ambient air cooling. Furthermore, these electric vehicles do not use hydrostatic fan drive system for engine cooling. For instance, Nissan Leaf, an advanced electric passenger car, has air cooled batteries that only uses small radiators or A/C for cooling. Moreover, other cars such as Tesla, Volt, and others, use liquid for cooling instead of hydrostatic fan drive system. Also, there is a rise in trend of electric vehicles in developed as well as in developing countries that use coolant fluid to reduce the heat within the batteries or engines. Therefore, innovation in electric vehicle by giant companies has lowered the use of hydrostatic fan drive system for cooling. Thus, it is expected to hamper the overall growth of the hydrostatic fan drive system market in future.

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