Le Lézard
Classified in: Transportation, Covid-19 virus
Subject: SVY

Global Automotive Thermal System Market Report 2022 to 2027: Industry Trends, Share, Size, Growth, Opportunities and Forecasts

DUBLIN, Jan. 27, 2023 /PRNewswire/ -- The "Automotive Thermal System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

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The global automotive thermal system market size reached US$ 34.1 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 43.8 Billion by 2027, exhibiting a CAGR of 4.26% during 2021-2027.

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

An automotive thermal system helps to maintain and regulate the desired temperature level of different vehicle components, such as the motor, battery and cabinet area. It reduces temperature fluctuations, increases efficiency and prevents breakdown. It also reduces fuel consumption and improves powertrain efficacy, which aids in lowering carbon emissions.

Consequently, it is extensively utilized in the manufacturing of heavy vehicles used in the construction and transportation sectors. At present, the escalating demand for vehicle electrification is increasing the utilization of these systems to enhance user comfort without impacting vehicle range and keeping battery temperature at ideal operating conditions.

The increasing need for reducing carbon emissions produced by internal combustion engines (ICEs) in automobiles, along with the stringent emission regulations imposed by governing agencies of several countries, represents one of the key factors impelling the market growth.

Apart from this, the rising utilization of advanced heating, ventilation and air conditioning (HVAC) systems that are environment-friendly and lightweight is bolstering the market growth.

Moreover, the increasing sales of hybrid electric vehicles (HEVs), along with the integration of thermal sensors with automotive thermal systems that sense the temperature in real-time and provide necessary solutions to the user is further contributing to the market growth.

Furthermore, the rising number of construction activities is escalating the demand for heavy vehicles, which, in turn, is strengthening the market growth.

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being 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 Visteon Corporation.

Key Questions Answered in This Report:

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Automotive Thermal System Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Component
6.1 Compressor
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 HVAC
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Powertrain Cooling
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Fluid Transport
6.4.1 Market Trends
6.4.2 Market Forecast

7 Market Breakup by Vehicle Type
7.1 Passenger Cars
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Light Commercial Vehicles
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Heavy Commercial Vehicles
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast

8 Market Breakup by Region

9 SWOT Analysis

10 Value Chain Analysis

11 Porters Five Forces Analysis

12 Price Analysis

13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Borgwarner Inc. Company Overview Product Portfolio Financials SWOT Analysis
13.3.2 Continental Aktiengesellschaft Company Overview Product Portfolio Financials SWOT Analysis
13.3.3 DENSO Corporation Company Overview Product Portfolio Financials SWOT Analysis
13.3.4 General Motors Company Company Overview Product Portfolio Financials SWOT Analysis
13.3.5 Gentherm Incorporated Company Overview Product Portfolio Financials
13.3.6 Grayson Automotive Services Limited Company Overview Product Portfolio Financials
13.3.7 Lennox International Inc. Company Overview Product Portfolio Financials SWOT Analysis
13.3.8 MAHLE GmbH Company Overview Product Portfolio Financials SWOT Analysis
13.3.9 Modine Manufacturing Company Inc. Company Overview Product Portfolio Financials SWOT Analysis
13.3.10 Visteon Corporation Company Overview Product Portfolio Financials SWOT Analysis

For more information about this report visit https://www.researchandmarkets.com/r/k18lx5

Media Contact:

Research and Markets
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SOURCE Research and Markets

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