Automotive Thermal Management System Market 2018 Global Industry Analysis By Size, Trends, Share, Emerging Technology, Growth Factors, And Competitive Landscape Forecast To 2023

Automotive Thermal Management System Market 2018 Global Industry Trends, Size, Share, Sales and Regional Analysis Report, include historic data, with forecast data to 2023. Automotive Thermal Management System Market research report is helpful for future strategy development, and to know about Global Automotive Thermal Management System Market Drivers, Restraints, Opportunities, and key player’s outlook. The market is expected to reach market size of 28,135.7 million by the end of forecast period with CAGR 7.73% between 2017 and 2023.

The global Automotive Thermal Management System Market is highly competitive. The market players are leveraging various strategies such as acquisitions, partnerships, and investments to stay ahead of the competition in the global Automotive Thermal Management System Market. The market participants are trying to come up with advancements in the Automotive Thermal Management System.

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Competitive Landscape:

Automotive Thermal Management System Market Key Players Analyzed are:
Denso (Japan), MAHLE GmbH (Germany), Valeo (France), Gentherm (U.S.), and BorgWarner (U.S.). Bosch (Germany), CapTherm Systems (Canada), Dana Incorporated (U.S.), DuPont (U.S.), Hanon Systems (South Korea), and VOSS Automotive (Indiana) are among others.

Global Automotive Thermal Management System Market to grow at highest CAGR during forecast period of four years from 2018. Automotive Thermal Management System Market is segmented by Component (Compressor, HVAC, Powertrain Cooling, and Fluid Transport), System (Motor, Battery, and Cabinet Area), Vehicle Type, Electric Vehicle Type (BEV, PHEV, and HEV) and Region in this report.

Market Scenario:

The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.

A thermal management system is used to control the temperature of various systems in vehicles. Vehicle manufacturers are developing new technologies to improve the vehicle and drivetrain efficiency, and heat loss due to overheating of engines. The improved thermal management system can enhance the efficiency of conventional powertrain and reduce the energy consumption by cooling the passenger cabin. In electric vehicles, thermal management plays a magnificent role in extending the range of vehicles by ensuring comfort for passengers. In conventional internal combustion powertrain, thermal management system includes lubrication for advanced engine and transmission, electrical systems, and hardware and software that are designed to regulate temperature of engine and transmission systems. In passenger cars, thermal management system is used to improve heating, ventilation, and air-conditioning (HVAC), and minimize heat transfer in the system.

The factors that are responsible for the growth of automotive thermal management system market are stringent environmental regulations, innovation in powertrain and passenger comfort technologies, growing sales of electric vehicles, and among others. European automakers are developing various types of technologies such as exhaust-gas recirculation (EGR) cooling, variable mechanical devices, and replacement of mechanical with electric pumps and accessories to improve the efficiency of the thermal management system. Passenger comfort technologies tend to improve the cabin comfort and reduce fuel consumption. The reduced consumption will increase the use of thermal management system in the vehicle, which will drive the market. Also, there has been an increase in the sales of electric vehicles in countries such as China, Japan, and the U.S. The increased sales will result in high demand for thermal management in systems such as motor, battery, cabinet area, and others.

Segmentation:

The automotive thermal management system market is segmented based on component, system, vehicle type, and electric vehicle type. On the basis of component, the market is segment into compressor, HVAC, powertrain cooling, and fluid transport. The compressor segment is expected to dominate the market during the forecast period because it performs tasks such as superheat, removes latent heat, and generate the flow of refrigerant. The compressor absorbs the vapor refrigerant from the suction line and compresses the vapor to superheat and allow the air conditioner compressor to generate the flow of refrigerant in the system. On the basis of system, the market is segmented into motor, battery, cabinet area, and others. The battery segment is expected to dominate the market in the future because of the increased use of batteries in the electric vehicles. The increased sales of electric vehicle in will enable the growth of battery during the forecast period.

Regional Analysis:

On the basis of region, the market is segmented based on North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific region is expected to dominate the market during the forecast period. The automotive thermal management systems require significant initial investments, which becomes the entry barrier for the small companies in the market. The availability of sophisticated technologies related to thermal management system in region such as North America, Europe, and Asia Pacific region has propelled the demand in the automotive thermal management system market. Existence of major manufacturers in these regions along with their partnerships with the local players, over time, have deepened the scope of the market in these regions. On the other hand, the lack of major market players and advanced technologies have resulted in alienating certain geographies, specifically in the African region.

North America is expected to be the second largest market to grow during the forecast period due to immense demand of commercial vehicles in U.S. With the increase in demand of commercial vehicles there has been an increase in demand for automotive thermal management system market. Increased travel time generates the need for adoption of advanced technologies, such as thermal management system and climate control system for the desired comfort. The advancement in the technologies will hence result in the growth of the market during the forecast period. Europe is expected to be the third largest market to grow during the forecast period due to presence of major manufacturers in this region. U.K, Germany, and Italy account for a majority of the market share of automotive thermal management systems in this region.

The report for Global Automotive Thermal Management System Market of Market Research Future covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance.

List of Tables:

Table 1 Global Automotive Thermal Management System Market: By Region, 2018-2023

Table 2 North America Automotive Thermal Management System Market: By Country, 2018-2023

Table 3 Europe Automotive Thermal Management System Market: By Country, 2018-2023

Table 4 Asia Pacific Automotive Thermal Management System Market: By Country, 2018-2023

Table 5 RoW Automotive Thermal Management System Market: By Country, 2018-2023

Table 6 Global Automotive Thermal Management System Market, By Component, By Regions, 2018-2023

Table 7 North America Automotive Thermal Management System Market, By Component, By Country, 2018-2023

Table 8 Europe Automotive Thermal Management System Market, By Component, By Country, 2018-2023

Table 9 Asia Pacific Automotive Thermal Management System Market By Component, By Country, 2018-2023

Table 10 RoW Automotive Thermal Management System Market By Component, By Country, 2018-2023

Continued…

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