Press release
Automotive Thermal Management Market is Estimated to Grow at a CAGR of 5.8% within the forecast period of 2023-2030: Cognitive Market Research
Automotive Thermal Management Market is Estimated to Grow at a CAGR of 5.8% within the forecast period of 2023-2030: Cognitive Mar
The automotive thermal system maintains and monitors the temperature of the main components of vehicles. It manages the temperature of various components such as the battery, cabin, and motor in vehicles to provide higher performance, improved fuel economy, and superior comfort. Efficient thermal management allows automotive components to operate in the optimal temperature range while also offering enhanced comfort in the vehicle interior through front air conditioning, seat heating, and rear air conditioning.
Summary:
• As per the study of CMR, The Global Automotive Thermal Management market is estimated to be valued at USD 84.23 Bn in 2021 and is expected to exhibit a CAGR of 5.8% during the forecast period (2023-2030).
• The passenger car segment is forecasted to dominate the global automotive thermal management market
• North America region has the largest revenue share for the growth of the global automotive thermal management market
To know more about The Automotive Thermal Management Market statistics click here: https://www.cognitivemarketresearch.com/automotive-thermal-management-market-report
Automotive Thermal Management Market Dynamics:
Automotive Thermal Management Market Drivers
Rising demand for electric vehicles is forecasted to dominate the global automotive thermal management market.
Thermal Management Market Opportunity
The introduction of lightweight HVAC solutions and technological advancements in thermal management will provide the opportunity for the growth of the global market.
What is the restraining factor for the growth of the global thermal management market?
However, the high cost associated with automotive thermal systems and the absence of standardization due to differences in emission regulations may restrain the growth of the market.
Automotive Thermal Management Market Segmentation:
Application:
• Transmission Thermal Management
• Cabin Thermal Management
• Waste Heat Recovery/Exhaust Gas Recirculation Thermal Management
• Motor and Power Electronics Thermal Management
• Engine Cooling Cabin Thermal Management
• Battery Thermal Management
Based on application, the transmission thermal management segment dominates the global market. This is attributed to the increasing number of research and development activities along with the adoption of innovative technology.
Vehicle Type:
• Commercial Vehicles
• Passenger Cars
Based on vehicle type, the market is segmented into commercial vehicles and passenger cars. The passenger car segment is forecasted to dominate the global automotive thermal management market. This is attributed to the rising demand for automotive vehicles in Europe, North America, and Asia Pacific.
Competitive Analysis of Automotive Thermal Management Market: Denso, Gentherm, MAHLE, Valeo, Borgwarner, Dana, Calsonic Kansei, Eberspacher, Continental, Schaeffler, Captherm, Bosch, Hella, Johnson Electric
Get free sample pages of the latest published Automotive Thermal Management Market Report: https://www.cognitivemarketresearch.com/automotive-thermal-management-market-report
North America has the highest revenue share in the global automotive thermal management market
North America region has the largest revenue share for the growth of the global automotive thermal management market. This is attributed to the rising demand for commercial vehicles Furthermore, Europe is forecasted to dominate the global market in terms of growth rate. This is attributed to the presence of major market players and the rising adoption of increased luxury passenger vehicles drives the demand for the target market.
Automotive Thermal Management Market Recent Development:
Mahle introduced a thermal management system for commercial electric vehicles in Germany
In September 2022, Mahle, a renowned international supplier and development partner to the automotive sector, introduced a company thermal management system for commercial electric cars at IAA Transportation in Hannover, Germany.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Automotive Thermal Management Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Automotive Thermal Management Market Segmentation
1.5.1 Automotive Thermal Management Market Regional Fragmentation
1.5.1 Automotive Thermal Management Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Automotive Thermal Management Market
• 3.1 Global Automotive Thermal Management Market Size 2018 - 2030, (USD Million)
• 3.2 Global Automotive Thermal Management Value, Absolute & Opportunity Analysis
• 3.3 Global Automotive Thermal Management Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Automotive Thermal Management Market Statistics 2022: Snapshot
Chapter 4 Global Automotive Thermal Management Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Automotive Thermal Management Market by Vehicle Type Segmentation Analysis (2018-2030)
Chapter 10 Global Automotive Thermal Management Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Automotive Thermal Management Market Regional Analysis
Chapter 12 North America Automotive Thermal Management Market Outlook (2018 - 2030)
Chapter 13 Europe Automotive Thermal Management Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Automotive Thermal Management Market Outlook (2018 - 2030)
Chapter 15 Latin America Automotive Thermal Management Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Automotive Thermal Management Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The Automotive Thermal Management Market TOC click here: https://www.cognitivemarketresearch.com/automotive-thermal-management-market-report#table_of_contents
Related Report:
• Automotive Battery Thermal Management System Market- https://www.cognitivemarketresearch.com/automotive-battery-thermal-management-system-market-report
• Thermal Management System Market- https://www.cognitivemarketresearch.com/thermal-management-system-market-report
• Thermal Management Market- https://www.cognitivemarketresearch.com/thermal-management-market-report
• Thermal Management Hardware Market- https://www.cognitivemarketresearch.com/thermal-management-hardwares-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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