Automotive Thermal System Market 2022 is estimated to clock a modest CAGR status during the forecast period 2022-2027 With Top Countries Data

The Automotive Thermal System Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report. The market report additionally gives a to-the-point evaluation of the techniques and plans of action that are being executed by the players and companies to contribute to the Automotive Thermal System market growth.

The Global Automotive Thermal System Market Size is Projected to Reach at a CAGR of 4% during 2022-2027.

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Market Overview

With growing advancement in-vehicle electronics and electrification systems (such as infotainment, navigation, HVAC systems, electric drive and transmission, etc.), the need for efficient power distribution as well as maintaining the above systems’ temperature has been significantly driving the demand for thermal management systems in the automotive industry. The electric vehicle market is rapidly growing across the world. Among the regions, Europe is likely to see faster adoption of electric vehicles compared to other regions during the forecast period. In Europe, electric vehicle sales increased by 50% in 2018, as compared to 2017. By 2040, nearly 54% of the new car sales and 33% of the global car fleet are expected to become electric. The European government formulated various policies and started projects for building the charging infrastructure across the region, primarily to meet the electric vehicle’s sales target.

Top Leading Companies:

General Motors Company, Denso Corporation, Magma International Inc., Valeo, Ford Motor Company, Delphi Automotive PLC, BorgWarner Automotive Powertrain Systems Corp, ZF Friedrichshafen AG, Hyundai Motor Company, Continental AG

Recent Developments

In December 2019. Denso added 121 original equipment (OE) quality part numbers to its thermal management range. It consists of 39 radiators, 76 condensers, and six cabin blowers, which are linked to 342 OE numbers and cover an additional 2,300 vehicles. These latest references illustrate the availability and variety in vehicle parc that Denso boasts
In August 2019, MAHLE developed a new battery housing concept with integrated thermal management designed to increase rapid charging capability and vehicle range. The company claims the new housing allows manufacturers to use batteries that are about 40% smaller, which not only reduces the CO2 footprint of the EV but also lowers the demand for raw materials for battery production

Automotive Thermal System Market Segmentation by Type:

Compressor
HVAC
Powertrain Cooling
Fluid Transport

Automotive Thermal System Market Segmentation by Application:

Passenger Cars
Light Commercial Vehicles (LCVs)
Heavy Commercial Vehicles (HCVs)

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Asia-Pacific continues to capture Major Market Share

The growing automobile sector in Asia-Pacific (with India and China emerging as automotive part manufacturing hubs for the western automobile giants) is expected to drive the market for the thermal management system in this region. Additionally, with growing sales of hybrid and electric vehicles in the region, the demand for high-performance and lightweight thermal management systems is likely to grow with the production of electric vehicles during the forecast period. Thus, to capture the growing demand in the market, companies in the region have started developing and extending their business operations. For instance, in August 2019, Marelli Corporation (Kita-Ku, Saitama City, Japan) announced that it had signed a strategic partnership agreement with China-based Shanghai Highly (Group) Co., Ltd.

Regional Automotive Thermal System Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Automotive Thermal System Market Report:

Detailed overview of Automotive Thermal System Market
Changing the Automotive Thermal System market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Automotive Thermal System market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Automotive Thermal System Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Automotive Thermal System Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Automotive Thermal System industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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