Automotive Thermal Management System Market 2018 By Key Country, and Companies: Denso, MAHLE, Valeo, Gentherm, BorgWarner, Bosch, CapTherm, Dana, DuPont, Hanon Systems, and VOSS Automotive

Global Automotive Thermal Management System Market Report: Information by Component (Compressor, HVAC, Powertrain Cooling, and Fluid Transport), System (Motor, Battery, Cabinet Area), Vehicle Type, Electric Vehicle Type (BEV, PHEV, HEV)–Forecast till 2023.

Key Players:

The key players in automotive thermal management system market 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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Market Scenario:

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.

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.

Automotive Thermal Management System Market Segmentation:

The scope of the study segments the global automotive thermal management systems market by its component, system, vehicle type, and electric vehicle type, and region.

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 increasee 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.

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