Press release
United States Automotive Thermal Management Systems Industry Sector in 2025: Top 5 Companies - Schaeffler AG, Gentherm, Borgwarner Inc., Johnson Electric Holdings Ltd., Dana Limited, Robert Bosch GmbH
Automotive Thermal Management Systems Industry
United States: Recent Industry Developments
✅ October 2025: BorgWarner introduced advanced thermal management solutions for electric vehicle battery cooling, improving efficiency and safety.
✅ September 2025: Delphi Technologies launched integrated HVAC systems for next-gen autonomous vehicles.
✅ August 2025: Government incentives accelerated adoption of eco-friendly thermal systems to reduce vehicle emissions.
Japan: Recent Industry Developments
✅ October 2025: Denso developed compact and energy-efficient thermal management components tailored for hybrid vehicles.
✅ September 2025: Toyota enhanced battery cooling systems in electric and plug-in hybrid models to extend range and durability.
✅ August 2025: Collaborative R&D initiatives between automakers and tech firms advanced thermal regulation technologies for connected cars.
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Latest M&A Activity
Hankook & Company Group completed the acquisition of Hanon Systems in 2024, significantly expanding its thermal management portfolio and global footprint in automotive HVAC and battery thermal solutions.
Brookfield acquired nVent's Thermal Management business for $1.7 billion in early 2025, including automotive thermal product lines, enhancing supplier capabilities for electrified and conventional vehicles.
ABC Technologies is progressing with the acquisition of TI Fluid Systems, further consolidating advanced fluid handling and thermal management technologies.
Key Players:
Denso Corporation, MAHLE GmbH, Valeo, Hanon Systems, Schaeffler AG, Gentherm, Borgwarner Inc., Johnson Electric Holdings Ltd., Dana Limited, Robert Bosch GmbH
Growth Forecast Projected:
The Global Automotive Thermal Management Systems Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Automotive Thermal Management Systems Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Key Segments:
By Component: (Air Filter, Condenser, Compressor, Water Pump, Motor, Heat Exchanger, Heater Control Unit, Thermoelectric Generator, Electric Compressor, Electric Water Pump, Electric Motor, Others)
By Technology: (Engine Thermal Mass Reduction, Active Transmission Warm Up, EGR, Reduced HVAC System Loading, Others)
By Application: (Engine Cooling, Front Air Conditioning, Rear Air Conditioning, Transmission System, Heated/Ventilated Seats, Heated Steering, Waste Heat Recovery, Battery Thermal Management, Motor Thermal Management, Power Electronics, Others)
By End-User: (Passenger Car, Buses and Truck, Automotive Vehicles, Electric Vehicles, Others)
Regional Analysis for Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.
Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.
Chapter 3: Offers an in-depth look at the competitive landscape among Automotive Thermal Management Systems producers, including revenue shares, strategic moves, and recent mergers and acquisitions.
Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.
Chapters 5 & 6: Analyze Automotive Thermal Management Systems revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.
Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.
Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.
Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.
Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.
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Recent Product Launches and Innovations
ZF introduced its new ThermaS integrated thermal management system for electric vehicles at Busworld Europe 2025, claiming up to 10% EV range increase through optimized heating and cooling utilizing propane refrigerant and modular designs.
Marelli launched its Integrated Thermal Management Module (iTMM) combining water-cooled heat exchangers and smart valve control for efficient battery, powertrain, and cabin thermal management, improving EV driving range by up to 20% in cold climates.
Hydrohertz unveiled a breakthrough battery cooling technology enabling potential 10-minute electric vehicle charging through enhanced thermal regulation, critical for fast-charging infrastructure adoption.
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