Automotive Thermal Management Market Research Report 2018 – Global Forecast to 2023, is latest Global Automotive Thermal Management Market Analysis Report, published by “Market Research Future”. Global Automotive Thermal Management industry will register growth at a robust CAGR of 8.55% during the forecast period 2018 to 2023. The manufacturers are incessantly endeavoring to develop technologies and overcome the problem of overheating which is likely to propel the automotive thermal management system market over the next couple of years.
Key Company in Automotive Thermal Management Market Analyzed Are:
Denso (Japan), Valeo (France), Gentherm (U.S.), BorgWarner (U.S.), MAHLE GmbH (Germany), Bosch (Germany), Dana Incorporated (U.S.), CapTherm Systems (Canada), DuPont (U.S.), Hanon Systems (South Korea), and VOSS Automotive (Indiana) among others. The strategies employed by the market players for gaining prominence and strengthening foothold include research & developments, product innovation, mergers & acquisitions, Memorandums of Understanding (MoUs).
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The application base of the automotive thermal management system is widening across different systems in vehicles for controlling heat generation and increasing efficiency. The increase in the demand for electric cars will fuel automotive thermal management system market growth. Thermal management plays a great role in extending the range of electric vehicles and ensuring comfort for passengers. Thermal management systems enhance the efficiency of conventional powertrain and reduce the energy consumption by cooling the passenger cabin which will accelerate its demand across the review period.
The adoption of passenger comfort technologies has increased the demand for thermal management systems due to reduced oil consumption. Other factors favoring the growth and expansion of the region include strict regulatory laws, technological advancements in powertrain, increased research & development activities, etc. However, the rise in the cost of thermal management systems, high requirement of investment for research & development, etc. will restrict the market growth over the projection period.
By component, the automotive thermal management market is segmented into compressor, HVAC, powertrain cooling, and, fluid transport.
By system, the global automotive thermal management market has been segmented into motor, battery, cabinet area, and, others.
By vehicle type, automotive thermal management market is segmented into passenger car, and, commercial vehicle.
By electric vehicle type, the global automotive thermal management system market has been segmented into BEV, HEV, and, PHEV.
By region, the automotive thermal management system market has been segmented into North America, Asia Pacific, Europe, and, the Rest of the World (RoW). Asia Pacific will capture the largest share of market size and revenue. The growth of the region is attributable to the boom witnessed in the automotive sector. The rising disposable income in Asia Pacific is fueling demand for vehicles which is obliquely accelerating revenue creation from automotive thermal management system market. The demand for electric vehicles is also on the rise which is likely to catalyze the market growth of automotive thermal management system. The primary contributors in the region will be India, China, and, Japan.
North America market will thrive moderately owing to the growth strategies employed by the key players present in the region. The rate of technology adoption is high in the region which will complement the automotive thermal management system market growth and expansion. Europe is one of the largest markets for the global automotive sector which is the key driver of automotive thermal management system market growth. The innovations and technologies are introduced in the region by the top-notch players who are likely to accelerate revenue creation during the assessment period. The Rest of the World market will comparatively exhibit slower growth and hold the least share of the market.
In July 2018, Toshiba Electronic Devices & Storage Corporation has announced the launch of “TPWR7904PB” and “TPW1R104PB”, 40V N-channel power MOSFETs for automotive applications. The product will be housed in the DSOP Advance(WF) packages that deliver low resistance, double-sided cooling, and small size.
Major Table Of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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