Global Automotive Thermal Management System Market Research Report Forecast to 2023

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Description

Introduction

Thermal management is used in vehicles to monitor and regulate the temperature of the various system, such as engine, transmission, passenger cabin area, and HVAC components. The main functions of the automotive thermal management system are heat transfer, reduction in thermal loads, and waste heat recovery. Thermal management system can improve passenger comfort, powertrain performance, and the travel experience. In conventional internal combustion, thermal management system includes engine, transmission, and other components and are designed to regulate the temperature of engines and transmission systems. In electric vehicles, thermal management systems are used to improve the range of efficiency for the vehicle. The main functions of the thermal management system are heating, ventilation, and air conditioning (HVAC), which facilitate and maintain ambient temperature inside the cabin by controlling cabin atmosphere, as per the requirement of passengers.
Factors such as high stringency in emission regulation and fuel efficiency and rising sales of electric vehicles driving the global automotive thermal management system market. Concurrently, the high cost of thermal management system technology and strict government norms on the use of refrigerants could restrain the market growth to a certain extent.

Regional Analysis
In terms of value, the global automotive thermal management system market is expected to grow at 4.50% CAGR during the forecast period, 2018–2023. In 2017, the market was led by Asia-Pacific with 36.17% share, followed by Europe and North America with shares of 32.81% and 24.02%, respectively.
Asia-Pacific is projected to be the fastest-growing regional market for automotive thermal management system. China holds a substantial market share for the thermal management system, owing to the continuous increase in the automotive component industry in the country and massive increase in sales of ICE vehicles and electric vehicles. Furthermore, the easy availability of skilled labor and the low cost of establishing manufacturing plants in China have resulted in rapid industrialization and several global companies shifting their plants to the country. The rise in demand for automobiles by the growing population is expected to drive the market in China during the forecast period.

Key Players
Some of the key players of the market are BorgWarner Inc. (US), Robert Bosch GmbH (Germany), Dana Limited (US), VOSS Automotive GmbH (Germany), Modine Manufacturing Company (US), Denso Corporation (Japan), MAHLE GmbH (Germany), Valeo (France), Gentherm (US), and Hanon Systems (South Korea).

Objective of the Global Automotive Thermal Management System Market Report—Forecast till 2023

•To provide insights into factors the influencing market growth
• To provide historical and forecast revenue of the market segments and sub-segments with respect to regional markets and their key countries
• To provide historical and forecast revenue of the market segments based on system, compoenent type, technology, application, vahicle type, and region
• To provide strategic profiling of key players in the market, comprehensively analyzing their market share, core competencies, and drawing a competitive landscape for the market

Target Audience
• Associations and industrial bodies
• Component suppliers and distributors
• End users of thermal management system
• Hybrid System Manufacturers
• Government bodies such as regulatory authorities and policymakers
• Electric Vehicle manufacturers

Key Findings
• The powertrain cooling segment of the global automotive thermal management system market, by system, is projected to register the highest CAGR of 5.27% during the forecast period.
• The battery segment of the global automotive thermal management system market, by component type, is projected to register the highest CAGR of 5.10% during the forecast period.
The reduced HVAC system loading segment of the global automotive thermal management system market, by technology, is projected to register the highest CAGR of 5.39% during the forecast period.
The waste heat recovery segment of the global automotive thermal management system market, by application, is projected to register the highest CAGR of 5.79% during the forecast period.
The electric vehicle segment of the global automotive thermal management system market, by vehicle type, is projected to register the highest CAGR of 6.69% during the forecast period.
• Asia-Pacific is expected to dominate the automotive thermal management system market during the review period. The regional market is expected to register a CAGR of 5.00% to reach a market size of USD 26.07 billion by the end of 2023.
The regional analysis includes:
• North America
o US
o Canada
• Europe
o Germany
o UK
o Italy
o France
o Rest of Europe
• Asia-Pacific
o China
o Japan
o South Korea
o India
o Rest of Asia Pacific
• Rest of the World
o South America
o Middle East & Africa

Table of Contents

Table of Contents:

1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
2.5 Macro Factor Indicator Analyses
2.6 Key Takeaways
2.7 Key Buying Criteria
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 High Stringency in Emission Regulation and Fuel Efficiency
4.2.2 Rising Sales of Electric Vehicles
4.2.3 Drivers Impact Analysis
4.3 Restraint
4.3.1 High Cost of Thermal Management System Technology
4.3.2 Strict Government Norms on the Use of refrigerants
4.3.3 Restraint Impact Analysis
4.4 Opportunity
4.4.1 Rising Awareness about Driver Comfort
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Porter’s Five Forces Analysis
5.2.1 Threat of New Entrants
5.2.2 Bargaining Power of Suppliers
5.2.3 Bargaining Power of Buyers
5.2.4 Threat of Substitutes
5.2.5 Rivalry
5.3 Technology Trends: Automotive Thermal Management System
5.3.1 The HVAC systems manufacturers are replacing existing HFO-1234yf cooling technology with the R-134a and R1234yf technology, for automotive HVAC systems due to the harmful effects of some refrigerants.
5.3.2 Advanced Thermal Management Technologies for high power density automotive equipment
5.3.3 Trend of thermal cooling solution within the vehicles for different components
5.3.4 Trends on lighting system or inverter/ IGBT or electronic control unit (ECU).
5.3.5 Updates in the mandatory government standards for automotive thermal management systems
5.3.6 The availability of different thermal solutions for automotive thermal management
5.4 Regulatory Landscape
5.5 Patent Trends: Automotive Thermal Management System
6 Global Automotive Thermal Management System Market, By System
6.1 Overview
6.1.1 Heating, ventilation, and air conditioning (HVAC)
6.1.2 Powertrain Cooling
6.1.3 Fluid Transport
6.1.4 Others
7 Global Automotive Thermal Management System Market, By Component Type
7.1 Overview
7.1.1 Motor
7.1.2 Battery
7.1.3 Cabin Area
8 Global Automotive Thermal Management Market, By Technology
8.1 Overview
8.1.1 Engine Thermal Mass Reduction
8.1.2 Active transmission warmup
8.1.3 Exhaust Gas Recirculation (EGR)
8.1.4 Reduced HVAC system loading
8.1.5 Other
9 Global Automotive Thermal Management Market, By Application
9.1 Overview
9.1.1 Engine Cooling
9.1.2 Air Conditioning
9.1.3 Heated Steering
9.1.4 Waste Heat Recovery
9.1.5 Transmission System
9.1.6 Heated/Ventilated Seats
9.1.7 Others
10 Global Automotive Thermal Management Market, By Vehicle Type
10.1 Overview
10.1.1 Internal combustion engine (ICE) Vehicle
10.1.1.1 Passenger Cars
10.1.1.2 Commercial Vehicle
10.1.2 Electric Vehicle
10.1.2.1 Battery Electric Vehicle (BEV)
10.1.2.2 Hybrid Electric Vehicle
10.1.2.3 Plug-in Hybrid Electric Vehicles (PHEVs)
10.1.2.4 Fuel Cell Electric Vehicle (FCEV)
11 Global Automotive Thermal Management System Market, by Region
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.3 Europe
11.3.1 UK
11.3.2 Germany
11.3.3 Italy
11.3.4 France
11.3.5 Rest of Europe
11.4 Asia-Pacific
11.4.1 China
11.4.2 Japan
11.4.3 India
11.4.4 South Korea
11.4.5 Rest of Asia-Pacific
11.5 Rest of the World (RoW)
11.5.1 South America
11.5.2 Middle East & Africa
12 Competitive Landscape
12.1 Competitive Scenario
12.2 Market Share Analysis
12.3 Competitor Benchmarking
12.4 New Product Developments
12.5 Merger & Acquisition
12.6 Expansion
12.7 Joint Ventures and Collaborations
13 Company Profiles
13.1 BorgWarner Inc.
13.1.1 Company Overview
13.1.2 Financial Overview
13.1.3 Products/Services Offered
13.1.4 Key Developments (2014–2018)
13.1.5 SWOT Analysis
13.1.6 Key Strategies
13.2 Robert Bosch GmbH
13.2.1 Company Overview
13.2.2 Financial Overview
13.2.3 Products/Services Offered
13.2.4 Key Developments (2014–2018)
13.2.5 SWOT Analysis
13.2.6 Key Strategies
13.3 Dana Limited
13.3.1 Company Overview
13.3.2 Financial Overview
13.3.3 Products/Services Offered
13.3.4 Key Developments (2014–2018)
13.3.5 SWOT Analysis
13.3.6 Key Strategies
13.4 VOSS Automotive GmbH
13.4.1 Company Overview
13.4.2 Financial Overview
13.4.3 Products/Services Offered
13.4.4 Key Developments (2014–2018)
13.4.5 SWOT Analysis
13.4.6 Key Strategies
13.5 Modine Manufacturing Company
13.5.1 Company Overview
13.5.2 Financial Overview
13.5.3 Products/Services Offered
13.5.4 Key Developments (2014–2018)
13.5.5 SWOT Analysis
13.5.6 Key Strategies
13.6 Denso Corporation
13.7 MAHLE GmbH
13.7.1 Company Overview
13.7.2 Financial Overview
13.7.3 Products/Services Offered
13.7.4 Key Developments (2014–2018)
13.7.5 SWOT Analysis
13.7.6 Key Strategies
13.8 Valeo
13.8.1 Company Overview
13.8.2 Financial Overview
13.8.3 Products/Services Offered
13.8.4 Key Developments (2014–2018)
13.8.5 SWOT Analysis
13.8.6 Key Strategies
13.9 Gentherm
13.9.1 Company Overview
13.9.2 Financial Overview
13.9.3 Products/Services Offered
13.9.4 Key Developments (2014–2018)
13.9.5 SWOT Analysis
13.9.6 Key Strategies
13.1 Hanon Systems
13.10.2 Financial Overview
13.10.3 Products/Services Offered
13.10.4 Key Developments (2014–2018)
13.10.5 SWOT Analysis
13.10.6 Key Strategies

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