Automotive thermal system monitors & maintains the temperature of key components of vehicles. It manages temperature of several components such as motor, battery, and cabin in vehicles to offer higher performance, enhanced fuel economy, and superior comfort. Efficient thermal management enables automotive components to operate in the optimum temperature range while also offering enhanced comfort in the vehicle interior through seat heating, front air conditioning, and rear air conditioning.
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The global automotive thermal system market is segmented into application, vehicle type, propulsion, and region. Depending on application, the market is classified into heating, ventilation, and air conditioning (HVAC); powertrain cooling; fluid transport; and others. The vehicle type segment includes passenger cars, light commercial vehicles, and heavy commercial vehicles. By propulsion, the market is segregated into ICE (internal combustion engine) vehicles and electric & hybrid vehicles. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Some leading companies profiled in the automotive thermal system market report comprise BorgWarner Inc., Continental AG, Dana Incorporated, Denso Corporation, Gentherm Incorporated, Grayson Thermal Systems, Hanon Systems, Mahle GmbH, Robert Bosch GmbH, and Valeo S.A.
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Automakers are already investing in electric vehicles to meet stringent emission regulations introduced by several governments across the globe. As automotive brands are introducing new electric vehicles to market, they need to address safety issues in terms of electric engine batteries. Thermal management systems in electric vehicles aid in keeping battery packs within optimal temperature range to improve engine efficiency as well as battery lifespan. Thus, enforcement of stringent emission regulations is a factor that is expected to contribute toward the growth of automotive thermal system industry.
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Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the automotive thermal system market analysis from 2020 to 2030 to identify the prevailing automotive thermal system market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the automotive thermal system market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global automotive thermal system market trends, key players, market segments, application areas, and market growth strategies.
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