Automotive Thermal Management System Global Market segmented by Component (Compressor, HVAC, Powertrain Cooling, and Fluid Transport), System (Motor, Battery, Cabinet Area), Vehicle Type, Electric Vehicle Type (BEV, PHEV, HEV).
Automotive Thermal Management System Market Key Players Analyzed in Report 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.
Get Sample Copy Of “Automotive Thermal Management System Market Research Report – Forecast to 2023” at: https://www.marketresearchfuture.com/sample_request/6063
Market Research Future published a research report on global automotive thermal management system market. The automotive thermal management system market is expected to expand at the CAGR of around 8.55% during the period 2018 to 2023.
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.
Market Segments Analysis:
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.
On the basis of 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.
The report for Global Automotive Thermal Management System Market of Market Research Future covers extensive primary research accompanied with the detailed analysis of qualitative and quantitative aspects by various industry experts, key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecast market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides detailed information about the strategies of the top companies in the industry. The report also gives a broad study of the different market segments and regions.
Browse Complete Report Details at: https://www.marketresearchfuture.com/reports/automotive-thermal-management-system-market-6063
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar