Gränges’ operations are global, with products that are used in markets that are in constant change, which is a result of a number of drivers tightly linked to global societal development. These drivers include improved living standards, reduced environmental impact, and increased cost efficiency.
As the leading global supplier of advanced aluminium materials for automotive heat exchangers and the stationary heat exchanger industry, the various drivers outlined above positively impact Gränges. The automotive industry accounts for 48 per cent of Gränges’ sales, while stationary heat exchangers accounts for approximately 25 per cent. As market leader in materials for brazed heat exchangers for the automotive industry, where brazed heat exchangers amount to almost 100 per cent of the market, Gränges is also well positioned for a similar, future conversion within the stationary heat exchanger industry.
Automotive heat exchangers
Demand for automotive heat exchanger strips is closely tied to the global automotive industry as well as the number of heat exchangers installed per vehicle. A number of unique heat exchangers are developed for every new vehicle platform. This development is conducted in close co-operation with customers to ensure that the end-product has the required capacities. Advanced requirements for product performance, especially in terms of energy efficiency, mean that brazed aluminium heat exchangers are currently the standard in this industry.
Stationary heat exchangers
A large number of manufacturers, end-users and applications fragment the market for stationary heat exchangers. The market includes commercial and residential property, data centres, food and manufacturing industry. Together, these areas account for a considerable share of energy consumption in many countries. Demand for reduced energy use and limits to the amount of, and choice of, refrigerants is driving demand for smaller and lighter heat exchangers, and is speeding up the shift to brazed aluminium heat exchangers, which currently account for a small percentage of the total market.