Market Analysis and Insights: Global Automotive Thermal Management Market
Automotive thermal management technologies are primarily used for reducing fuel emissions and improving passenger comfort. Its major functions include reducing thermal loads, transferring heat efficiently, and reusing of waste heat. An automotive thermal management monitors and controls the operating temperature of various automobile systems such as power electronics, battery, electric drive units, engine, transmission, and passenger cabin area to improve the efficiency and prevent damage to the components.
The global Automotive Thermal Management market size is projected to reach US$ 50640 million by 2028, from US$ 40850 million in 2021, at a CAGR of 2.7% during 2022-2028.
The study estimates reduced HVAC system loading technology as the fastest-growing market. The use of the HVAC system loading technology is expected to result in an increase in the fuel economy of a vehicle, less wear and tear of the engine, reduction in environmental pollution, and increased engine performance. Hence, in the future, the adoption of this technology can be seen in the vehicles.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Automotive Thermal Management market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Automotive Thermal Management market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Automotive Thermal Management market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Automotive Thermal Management market.
Global Automotive Thermal Management Scope and Market Size
Automotive Thermal Management market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Automotive Thermal Management market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Active Transmission Warmup
Exhaust Gas Recirculation(EGR)
Engine Thermal Mass Reduction
Reduced HVAC System Loading
Other Technologies
Segment by Application
Passenger Car
Light Commercial Vehicle (LCV)
Truck
Bus
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
By Company
Denso
Gentherm
MAHLE
Valeo
Borgwarner
Dana
Calsonic Kansei
Eberspacher
Continental
Schaeffler
Captherm
Bosch
Hella
Johnson Electric