Thermal System For Automotive Market is expected to rise at annual rate of 3.5% in the forecast period of 2020 to 2027 due to the rising number of initiatives taken by government for the adoption of emission regulation is acting as a major growth driver for the market. However, the high cost coupled with the usages of system technology as well as lack of standardisation will restrict the growth of the thermal system for automotive market in the above mentioned forecast period.
The North America is supposed to be the most active developing market largely due to the high adoption of advanced technology along with increasing number of research and development activities in the region.
Thermal System for Automotive Market Scenario
According to Data Bridge Market Research the market for thermal system for automotive is accelerating because of the increasing demand of luxury as well as comfort features. Also the rising number of research and development and introduction of advanced technologies is also helping the market to grow. Furthermore, the growing need of mobility solutions along with increasing demand of electric vehicle will create lucrative opportunities for the growth of the thermal system for automotive market.
Now the question is which are the other regions that thermal system for automotive market is targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific because of the rising preferences towards electric vehicle along with prologue of BS VI norms in the region.
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Thermal System for Automotive Market Development
- In December 2019, DENSO had launched its 121 original equipment (OE) quality part numbers to its thermal management range. It consists of 76 condensers, 39 radiators and six cabin blowers, which are linked to 342 OE numbers and cover an additional 2,300 vehicles. These product launches illustrate the availability and variety in Vehicle Park that DENSO boasts.
Thermal System for Automotive Market Scope
Thermal system for automotive market is segmented on the basis of countries into U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
- All country based analysis of thermal system for automotive market is further analyzed based on maximum granularity into further segmentation. Thermal system for automotive market on the basis of ICE vehicle type has been segmented as passenger car, light commercial vehicle (LCV), truck, and bus. Based on technology, thermal system for automotive market has been segmented into active transmission warm up, EGR, engine thermal mass reduction, reduced HVAC system loading, and others. On the basis of electric vehicle type, thermal system for automotive market has been segmented into battery electric vehicle (BEV), hybrid electric vehicle (HEV), plug-in hybrid electric vehicle (PHEV), fuel cell electric vehicle (FCEV), and 48v mild hybrid vehicle. Thermal system for automotive has also been segmented on the basis of component into air filter, condenser, compressor, water pump, motor, heat exchanger, heater control unit, thermoelectric generator, electric compressor, electric water pump, and electric motor. On the basis of application, thermal system for automotive market has been segmented into battery thermal management, transmission system, engine cooling, front air conditioning, motor thermal management, power electronics, rear air conditioning, heated/ventilated seats, heated steering, and waste heat recovery.
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Key Pointers Covered in the Thermal System for Automotive Market Industry Trends and Forecast to 2027
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market Installed Base
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Cost of Care Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
Key Market Competitors Covered in the Report
- DENSO CORPORATION
- MAHLE GmbH
- VALEO
- Hanon Systems
- BorgWarner Inc
- GENTHERM
- Schaeffler Technologies AG & Co. KG
- Johnson Electric Holdings Limited
- Dana Limited
- Robert Bosch GmbH
- Eberspächer
- VOSS Automotive GmbH
- Grayson
- MODINE MANUFACTURING COMPANY
- Boyd Corporation
- SANDEN HOLDINGS CORPORATION
Above are the key players covered in the report, to know about more and exhaustive list of thermal system for automotive companies’ contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-thermal-system-for-automotive-market
Research Methodology of Global Thermal System for Automotive Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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