Press release
Automotive Thermal Systems Market Reflect Impressive Growth Rate to During 2021-2031 | Grayson Thermal Systems, Hanon Systems, Mahle GmbH, Robert Bosch GmbH
Automotive Thermal Systems Market
Automotive thermal systems are responsible for managing the temperature of a vehicle's engine and components. The system includes the radiator, cooling fan, water pump, and thermostat. The radiator is responsible for dissipating heat from the engine coolant, while the cooling fan helps to move air through the radiator to cool the fluid. The water pump circulates the coolant through the engine and radiator, and the thermostat regulates the temperature of the coolant.
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Key Trends
The development of more efficient and smaller cooling systems is a major trend in automotive thermal systems technology. This is being driven by the need to improve fuel economy and reduce emissions. Smaller, more efficient cooling systems help to improve fuel economy by reducing the amount of energy required to operate them. In addition, smaller cooling systems also help to reduce emissions by reducing the amount of coolant that is required.
Alternative coolants are another major trend in automotive thermal systems technology. This is being driven by the need to improve the efficiency of cooling systems and to reduce the environmental impact of coolants. Alternative coolants, such as propylene glycol, help to improve the efficiency of cooling systems by reducing the amount of heat that is transferred to the coolant. In addition, alternative coolants also help to reduce the environmental impact of coolants by reducing the amount of toxic chemicals that are released into the environment.
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Key Drivers
There are several key drivers of the automotive thermal systems market. Firstly, the increasing global demand for vehicles is resulting in a corresponding increase in the demand for thermal systems. Secondly, the stringent emissions regulations being implemented by various governments are driving the need for thermal systems that can effectively manage engine temperatures. Thirdly, the rising concerns over fuel economy and emissions are prompting manufacturers to develop more efficient thermal management systems. Finally, the increasing adoption of electric and hybrid vehicles is creating a demand for thermal management systems that can effectively manage the battery temperature.
Market Segments
The global automotive thermal system market is segmented into application, vehicle type, propulsion, and region. Depending on application, the market is classified into heating, ventilation, and air conditioning (HVAC), powertrain cooling, fluid transport, and others. The vehicle type segment includes passenger cars, light commercial vehicles, and heavy commercial vehicles. By propulsion, the market is segregated into ICE (internal combustion engine) vehicles and electric & hybrid vehicles. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and rest of the world.
Key Players
Some leading companies profiled in the automotive thermal system market report comprise BorgWarner Inc., Continental AG, Dana Incorporated, Denso Corporation, Gentherm Incorporated, Grayson Thermal Systems, Hanon Systems, Mahle GmbH, Robert Bosch GmbH, and Valeo S.A.
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Reasons to buy Automotive Thermal Systems Market Report:
• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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