Automotive Thermal Management System: Introduction
- The automotive thermal management system is used for diverse applications including engine cooling, battery thermal system, and heated and ventilated seats in the vehicle. The automotive thermal management helps reduce the thermal load on the vehicle, and it also helps to transfer heat efficiently.
- In electric vehicles, the demand for the thermal system is rising in order to cool the battery. Available heat energy can be used efficiently in electric vehicles in order to achieve longer driving range of these vehicles. This can be achieved by using the battery or power electronics to heat the interior of the vehicle.
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Key Players Operating in Global Automotive Thermal Management System Market
The global automotive thermal management system market is highly concentrated owing to the presence of top manufacturers. A few of the key players operating in the global automotive thermal management system market are:
- MAHLE GmbH
- Hanon System
- Aptiv Inc.
- Robert Bosch GmbH
- Continental AG
- ZF Friedrichshafen
- BorgWarner
- Visteon
- Denso Corporation
- Delphi Inc.
- Vale
Key Drivers of Global Automotive Thermal Management System Market
- Rise in demand for vehicles across the globe is estimated to boost the automotive thermal management system market. Major vehicle manufacturers are trying to boost the integration of the waste heat recovery system in their vehicles, which is expected to help enhance fuel economy of their vehicles. This, in turn, is likely to boost the automotive thermal management system market across the globe. Major original equipment manufacturers are trying to develop thermoelectric waste heat recovery systems that would increase fuel economy of the vehicle by 3% to 4%, which is projected to drive the global automotive thermal management system market.
- Increase in environmental concerns is fueling the demand for thermoelectric generator in the vehicle, which is expected to help enhance engine efficiency. This in turn is projected to boost the automotive thermal management system market across the globe. Rise in demand for electric vehicles worldwide is expected to further propel the global automotive thermal management system market.
Global Automotive Thermal Management System Market: Research Scope
Global Automotive Thermal Management System Market, by Vehicle Type
- Passenger Vehicle
- Hatchback
- Sedan
- MPV
- SUV
- Commercial vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Global Automotive Thermal Management System Market, by Component
- Air Filter
- Condenser
- Water Pump
- Heat Exchanger
- Electric Compressor
- Others (e.g. Heater Control Unit)
Global Automotive Thermal Management System Market, by System
- Exhaust Gas Recirculation System
- Engine Thermal Mass Reduction
- Active Transmission Warm Up
- Other(e.g. Reduced HVAC System Loading)
Global Automotive Thermal Management System Market, by Application
- Engine Cooling
- Air Conditioning System
- Heated and ventilated Seats
- Transmission System
- Electric Vehicle Battery Thermal System
- Others (e.g. Heated Steering)
Global Automotive Thermal Management System Market, by Propulsion
- Internal Combustion Engine (ICE)
- Electric
Global Automotive Thermal Management System Market, by Electric Vehicle Type
- Battery Electric Vehicle
- Plug-in Hybrid Vehicle
- Hybrid Electric Vehicle
Global Automotive Thermal Management System Market, by Sales Channel
- OEMs
- Aftermarket
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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