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MarketersMEDIA / Newsroom / Global Thermal System Market is expected to reach $71.74 billion by 2027 growing at a CAGR 4.8% during 2018 to 2027.

Global Thermal System Market is expected to reach $71.74 billion by 2027 growing at a CAGR 4.8% during 2018 to 2027.

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Some of the key players in global Thermal System market are MAHLE GmbH, Hanon Systems, Schaeffler AG, Denso Corporation, Dana Limited, Gentherm, Magma International Inc., Robert Bosch GmbH, Borgwarner Inc., Johnson Electric Holdings Ltd., and Grayson Thermal Systems.

— Some of the key factors influencing the market growth include growing focus on fuel efficiency, driver comfort, increasing demand for electric vehicles globally and stringency in emission norms to cut down vehicular emissions. However, the high cost of thermal system technology is restraining market growth.

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The thermal system monitors and regulates the working temperature of various automobile components such as motor, battery, cabinet area, and others, increasing their efficiency and preventing breakdown. In addition, this system maintains the desired temperature level in automobile, thereby enhancing user comfort level.

Amongst application, waste heat recovery segment is estimated to be the significant growing segment for automotive thermal system market in the forecast period owing to the strict emission regulations globally. Currently, the penetration of a waste heat recovery system is significant in heavy commercial vehicles. The high emission of CO2 associated with automobiles raises serious concerns out environmental sustainability. The automotive industry is developing cost-efficient methods to utilize waste heat and reduce greenhouse gas emissions.

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By Geography, Government incentives to popularize electric vehicles, implementation of emission norms such as China VI, BS-VI in China and India respectively are making the Asia Pacific market attractive for thermal systems. The growing vehicle production in the Asia-Pacific region, with India and China emerging as automotive part manufacturing hubs for the suppliers, is expected to drive the market for the thermal system in this region.

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Vehicle Types Covered:
• Internal Combustion Engine (ICE)
• Electric & Hybrid

Technologies Covered:
• Reduced Heating, Ventilation, and Air Conditioning (HVAC) System Loading
• Active Transmission Warm-Up
• Exhaust Gas Recirculation
• Engine Thermal Mass Reduction

Components Covered:
• Condenser
• Water-Pump
• Heater Control Unit
• Air Filter
• Compressor
• Motor
• Electric Compressor
• Thermoelectric Generator
• Heat Exchanger
• Electric Water Pump
• Electric Motor

Applications Covered:
• Waste Heat Recovery
• Transmission System
• Rear Air Conditioning
• Power Electronics
• Motor Thermal System
• Heated/Ventilated Seats
• Heated Steering
• Front Air Conditioning
• Engine Cooling
• Battery Thermal System

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services, and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

Contact Info:
Name: James Lamb
Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd
Phone: +1-301-202-5929

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Source: MarketersMedia

Release ID: 88949024

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