Automotive Thermal Management Market

In the view of increasing usage of electric and hybrid vehicles, the demand of automotive thermal management systems is rising to cool the automobile. Such automotive thermal management systems state the challenges faced by the automobile industry. They help in decreasing pollution emissions generated by vehicles powered by internal combustion engines.

Market Dynamics:

Electric automotive have been an interior part of the automotive industry, showing a pathway in achieving energy efficiency and reduced emission of pollutants and greenhouse gases. Automotive that run on all electric powertrain or hybrid powertrain are required to have a battery thermal management system. The battery functions in particular temperature for optimal charge storage and usage efficiency. Hence, the rise in the battery electric automotive or plug in hybrid automotive boosts the automotive thermal management market in the forecast period. 

On contrary, with main OEMs impacted by supply chain restraints and the quick spread of corona virus, smaller parts manufacturers faced blocks in enduring production actions without purchase orders which is anticipated to hinder the growth of the global automotive thermal management market.

Key features of the study:

• This report provides in-depth analysis of the global automotive thermal management market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global automotive thermal management market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Major players in the global automotive thermal management market are Robert Bosch GmbH, Schaeffler Technologies AG & Co. KG., Hanon Systems, Dana Incorporated, Gentherm Incorporated, BorgWarner Inc., Valeo Group, MAHLE GmbH, Modine Manufacturing Company and Denso Corporation.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global automotive thermal management market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global automotive thermal management market

Detailed Segmentation:

• Global Automotive Thermal Management Market, By Application:
  • Engine Cooling
  • Cabin Thermal Management
  • Transmission Thermal Management
  • Waste Heat Recovery/Exhaust Gas Recirculation Thermal Management
  • Battery Thermal Management
  • Motor and Power Electronics Thermal Management
• Global Automotive Thermal Management Market, By Vehicle Type:
  • Passenger Cars
  • Commercial Vehicles
• Global Automotive Thermal Management Market, By Geography:
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Company Profiles:
  
  • Robert Bosch GmbH
  • Dana Incorporated
  • MAHLE GmbH
  • Gentherm Incorporated
  • Hanon Systems
  • Denso Corporation
  • BorgWarner Inc.
  • Valeo Group
  • Modine Manufacturing Company
  • Schaeffler Technologies AG & Co. KG