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Automotive Thermal System Market By Size, Share, Forecast Report 2022-2027
Automotive Thermal System Market
An automotive thermal system regulates the desired temperature level of various vehicle components, including the motor, battery, and cabinet area. It can enhance efficiency, prevent breakdowns, and improve powertrain efficacy by reducing temperature fluctuations, thereby minimizing fuel consumption and lowering carbon emissions. As a result, the automotive thermal system finds extensive applications in heavy vehicle manufacturing for the construction and transportation sectors across the globe.
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Global Automotive Thermal System Market:
The global automotive thermal system market is primarily driven by the rising environmental consciousness among the masses and the growing need to reduce carbon emissions from the internal combustion engines (ICEs) of vehicles. Moreover, the implementation of stringent policies by governments of numerous countries to minimize vehicular emissions and encourage fuel efficiency is positively influencing market growth. Additionally, thermal management systems play a vital role in EVs to regulate internal temperatures and optimize heat energy for achieving longer driving ranges. In line with this, the rising integration of these systems with thermal sensors and energy-efficient HVAC systems has catalyzed market growth. Furthermore, the increasing production of electric vehicles (EVs) due to inflating consumer disposable incomes is contributing to market growth. Other factors, including ongoing research and development (R&D) activities, rising demand for driver comfort, and the increasing requirement for heavy vehicles in various end-use industries, are also anticipated to positively impact the market growth.
Global Automotive Thermal System Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Borgwarner Inc.
Continental Aktiengesellschaft
DENSO Corporation
General Motors Company
Gentherm Incorporated
Grayson Automotive Services Limited
Lennox International Inc.
MAHLE GmbH
Modine Manufacturing Company Inc. and Visteon Corporation.
The report has segmented the market on the basis of region, component and vehicle type.
Breakup by Component:
Compressor
HVAC
Powertrain Cooling
Fluid Transport
Breakup by Vehicle Type:
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Others
Breakup by Region:
North America:( United States, Canada)
Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico,Others)
Middle East and Africa
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Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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