Press release
Thermal Management Tech Heats Up: Automotive Market Sees Surge with EV, Battery Cooling Innovations
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Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
The significant factors impacting the growth of global automotive thermal management systemareincrease in the demand for smart thermal management in automobiles and implementation of heating, ventilation and air conditioning(HVAC) system in automobiles. However, issues related to design complexities and underdeveloped infrastructure for electric vehicles hampers the growth of global automotive thermal management system. On the other hand, government support for electric vehicles and advanced technology provides an opportunity to global automotive thermal management system market to grow in near future.
Increase in the demand for smart thermal management in automobiles
Smart thermal management in automobiles consists of heat pump which helps in harvesting the available ambient energy to heat. With the help of these pump automotive thermal management system cools and demist the car cabins thus leading to the increasing demand of smart thermal management in automobiles.
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Implementation of heating, ventilation, and air conditioning (HVAC) system in automobiles
Heating, ventilation and air conditioning (HVAC) needs a control system to regulate the operations of heating. HVAC system controls the internal temperature of the vehicle cabin and also controls the air temperature, humidity and moist content from the circulating air. This leads to the growth of global automotive thermal management system in near future.
By Application
Engine cooling
Transmission cooling
Waste heat recovery
Others
By Component
Power distribution box
Domain controller units
ECU (Engine control unit)
Inverter
Convertors
Connectors
Power integrated circuits
By Technology
Active transmission warm-up
Engine thermal mass reduction
Exhaust gas recirculation
Others
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Key Market Players
NORMA Group, Ymer Technology, DuPont, Modine Manufacturing Company, Renesas Electronics Corporation, Denso Corporation, Continental AG, MAHLE GmbH, Hanon System, BorgWarner Inc.
Key benefits of the report:
This study presents the analytical depiction of global automotive thermal management systemmarketalong with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of global automotive thermal management systemmarket share.
The current market is analyzed to highlight the global automotive thermal management systemmarketgrowth scenario.
Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global automotive thermal management system marketanalysis depending on competitive intensity and how the competition will take shape in coming years.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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