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Primary Catalyst Driving Automotive Thermal System Market Evolution in 2025: Stringent Emission Regulations Fuel Growth In The Automotive Thermal Systems Market Driver
Automotive Thermal System Market
The stringent emission rules instituted by governing bodies are anticipated to catalyze the further progress of the automotive thermal systems market. The increasing volume of vehicles globally has made reduction of automotive greenhouse gas emissions a daunting task. Bodies like the European Commission (EC) and the US Environmental Protection Agency (US EPA) have enforced fuel efficiency standards and set limits on fuel sulfur content to counter the dramatic impact of emissions. As an illustration, in September 2023, the Environmental Protection Agency (EPA), an independent US agency in charge of environmental preservation, indicated that the average exposure indicator (AEI) for car-generated nitrogen oxides (NOx) was at 0.04 g/km in 2022. The Environmental Targets (Automotive Emissions) (England) Regulations (2023) legally mandate a target of 0.03 g/km for average annual NOx emissions by 2040, with interim targets due to be fulfilled by January 2028. Consequently, the tough emission rules enforced by governing bodies are fueling the expansion of the automotive thermal systems market.
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What growth opportunities are expected to drive the automotive thermal system market's CAGR through 2034?
The scale of the automotive thermal system market has seen substantial expansion in the past few years. The market is predicted to swell from $42.15 billion in 2024 to $44.29 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.1%. The past growth is credited to the incorporation of autonomous features, emphasis on vehicle safety, the global expansion of the automotive industry, increased demand for cutting-edge cooling systems, climate control and passenger comfort.
The market size for automotive thermal systems is projected to experience significant expansion in the coming years. By 2029, it is expected to escalate to $56.28 billion, with a compound annual growth rate (CAGR) of 6.2%. The predicted growth during the aforementioned period can be attributed to factors such as more rigorous emission standards, advancements in electric vehicle technology, and an increase in climate control needs. Key trends during this forecast period include the adoption of electrification and hybridization, the development of advanced engine technologies, the embracement of sophisticated cooling solutions, breakthroughs in materials and insulation, as well as globalization and standardization.
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What are the emerging trends shaping the future of the automotive thermal system market?
Advancements in automobile thermal systems are becoming a vital trend in the car thermal systems marketplace. Innovations in thermal systems specific to the automotive industry are being pursued through research and development. Key players in the automobile thermal systems market are aiming to enhance their market stance with the development of newly crafted technological solutions. For example, a Japanese firm, Mitsubishi Heavy Industries Thermal Systems, Ltd., in September 2023, introduced an electric-driven transport refrigeration unit named TEJ35GAM. This addition to the existing TE20/30 series and the TEJ35AM lineup features a plug-in hybrid system. It merges a commercial plug-in power source with a power source specially designed for the refrigerator, offering a pioneering solution for transport refrigeration.
Which growth-oriented segments of the automotive thermal system market are leading the industry's development?
The automotive thermal system market size has grown strongly in recent years. It will grow from $42.15 billion in 2024 to $44.29 billion in 2025 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to integration of autonomous features, focus on vehicle safety, globalization of automotive industry, rise in demand for advanced cooling systems, climate control and passenger comfort.
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What regions are leading the charge in the automotive thermal system market?
Asia-Pacific was the largest region in the automotive thermal systems market share in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive thermal system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the automotive thermal system market?
Major companies operating in the automotive thermal system market are Continental AG, Denso Corporation, Dana Incorporated, Grayson Thermal Systems, Gentherm Incorporated, Hanon Systems, Lennox International Inc., Modine Manufacturing Company Inc., Mahle Behr GmbH & Co. KG, Robert Bosch GmbH, Valeo SA, Visteon Corporation, Calsonic Kansei Corp., Schaeffler Technologies AG & Co. KG, Johnson Electric Holdings Limited, Diakin Industries Ltd., Sanden Corporation, United Technologies Corporation, BorgWarner Inc., Marelli Corporation, Behr GmbH & Co KG, Delphi Technologies, Eberspaecher Group, Hella GmbH & Co KGaA, Siemens AG, Webasto SE, ZF Friedrichshafen AG, Bergstrom Inc., Kongsberg Automotive
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What Is Covered In The Automotive Thermal System Global Market Report?
• Market Size Forecast: Examine the automotive thermal system market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the automotive thermal system market for a structured understanding.
• Key Players Overview: Analyze major players in the automotive thermal system market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive thermal system market.
• Segment Contributions: Evaluate how different segments drive overall growth in the automotive thermal system market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive thermal system market.
• Industry Challenges: Identify potential risks and obstacles affecting the automotive thermal system market.
• Competitive Landscape: Review strategic developments in the automotive thermal system market, including expansions, agreements, and new product launches.
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