Automotive Thermal Management System Market 2018 Global Key Players, Size, Trends, Share, Growth Factors, Competitive Landscape, And Regional Forecast To 2023

“\”Automotive Thermal Management System Market\””
Automotive Thermal Management System Market Analysis Research Report 2018 – Global Industry Forecast to 2023, Global Automotive Thermal Management System is to grow at compound annual growth rate of 8.55% during forecast period of 2018 to 2023.

Global Automotive Thermal Management System Industry is segmented into Component (Compressor, HVAC, Powertrain Cooling, and Fluid Transport), System (Motor, Battery, Cabinet Area), Vehicle Type, Electric Vehicle Type (BEV, PHEV, HEV) – Forecast till 2023.

Report provides comprehensive information on Automotive Thermal Management System Market Size, Share, Growth statistics, And Key Country Analysis with historical and forecasted data to 2023.

Key Company in Automotive Thermal Management System Global Market 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.

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Automotive Thermal Management System Market Highlights:

The automotive thermal management system maintains the desired temperature in the internal combustion engine and electric vehicles for enhanced performance of the systems. The vehicle OEMs are developing different innovative technologies to improve the performance of the vehicle and drivetrain efficiency, and heat loss due to overheating of the engine. The improved thermal management system enhances the overall performance of the powertrain and reduces the consumption of energy by cooling down the passenger cabin. The thermal management systems have a wide use in electric vehicles for cooling down the battery to main the optimum level of temperature. In conventional vehicles, thermal management system uses a lubrication to regulate the temperature of the engine and transmission systems. In the electric vehicles, thermal management system is used to improve the heating, ventilation, and air-conditioning (HVAC), and minimize heat transfer in the system. The factors that drive the automotive thermal management system market are government initiatives towards the development of advanced thermal management systems, innovation in the technology, and increased sales of electric vehicles in emerging economies.

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.

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.

Market Segmentation:

The automotive thermal management system market is segmented based on component, system, vehicle type, and electric vehicle type.

Based on 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.

Based on 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:

Based on region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific region is expected to dominate due to the increase in demand of passenger and driver comfort in countries such as China, India, and Japan. Also, there has been an increase in the sales of electric vehicles in Asia Pacific, which resulted in an increase in the installation of thermal management system in the vehicles.

LIST OF TABLES

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

Continued…

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