Automotive Thermal System Market 2022, Size, Share
According to the latest report by IMARC Group, titled “ Automotive Thermal System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ,” offers a comprehensive analysis of the industry, which includes insights on the global automotive thermal system market size. The global automotive thermal system market size reached US$34.1 Billion in 2021 . Looking forward, IMARC Group expects the market to reach US$ 43.8 Billion by 2027 , exhibiting a growth rate (CAGR) of 4.17% during 2022-2027.
Automotive thermal systems monitor and regulate the working temperatures of numerous automobile components, including motors, batteries, the cabinet area, etc., to increase their efficiency, prevent a breakdown, reduce temperature fluctuations, etc. They usually consist of compressors, fluid transport, heating, ventilation and air conditioning (HVAC) systems, powertrain cooling mechanisms, etc. Automotive thermal systems also reduce fuel consumption and improve powertrain efficiency, which controls carbon emissions. They are extensively utilized to manufacture heavy vehicles across the transportation and construction industries.
Request Free Sample Report: https://www.imarcgroup.com/automotive-thermal-system-market/requestsample
Global Automotive Thermal System Market:
The excessive need to minimize the carbon emissions produced by internal combustion engines (ICEs) and the implementation of stringent regulations by government bodies to reduce vehicular pollution are preeminent driving the automotive thermal system market. Furthermore, the increasing adoption of advanced and sustainable HVAC systems is further catalyzing the market growth. Besides this, the rising popularity of electric vehicles (EVs) is acting as another significant growth-inducing factor, owing to the utilization of automotive thermal systems to maintain battery temperature at optimum operating conditions and enhance user comfort without impacting vehicle efficiency. Furthermore, the integration of these systems with sensors that sense the temperature in real-time is augmenting the global market. Apart from this,
Global Automotive Thermal System Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Borgwarner Inc., Continental Aktiengesellschaft, DENSO Corporation, General Motors Company, Gentherm Incorporated, Grayson Automotive Services Limited, Lennox International Inc., MAHLE GmbH, Modine Manufacturing Company Inc. and Vision Corporation.
The report has segmented the market on the basis of region, component and vehicle type.
Breakup by Component:
Compressor
HVAC
Powertrain Cooling
Fluid Transport
Breakup by Vehicle Type:
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Others
Breakup by Region:
North America: (United States, Canada)
Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico,Others)
Middle East and Africa
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
Ask Analyst and Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=2768&flag=C
Note: We are updating our reports, if you want the report with the latest primary and secondary data ( 2023-2028 ) including industry trends, market size and competitive landscape, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Contact Us:
Company Name: IMARC Group
Email: sales@imarcgroup.com
Toll Free Number: USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Follow us on twitter: @imarcglobal
Linkedin: https:// www.linkedin.com/company/imarc-group