Automotive Thermal Management Market worth 66.10 Billion USD by 2025

1. Automotive Thermal Management Market worth 66.10 Billion USD by 2025 www.MarketsandMarkets.com

2. Automotive Thermal Management Market by Application (Front & Rear A/C, Engine, Transmission, Seat, Steering, Battery, Motor, Power Electronics, Waste Heat Recovery), Technology, Vehicle Type (ICE, BEV, HEV, PHEV, and FCEV), and Region - Global Forecast to 2025 The automotive thermal management market size, by value, was estimated to be USD 52.69 Billion in 2018 and is projected to reach USD 66.10 Billion by 2025, at a CAGR of 3.32% from 2018 to 2025. Download PDF Brochure:- https://www.marketsandmarkets.com/pdfdownload.asp?id=228170865

3. Passenger car is estimated to be the largest segment in the automotive thermal management market Factors such as growing consumer disposable income and increasing vehicle ownership with easy finance options have led to the rise in passenger car sales. Owing to these reasons, the passenger car segment is witnessing tremendous growth in the Asia Oceania region, particularly in developing countries such as India and China. The demand for technologies such as active transmission warm-up is increasing in passenger cars as it helps in making transmission system efficient by reducing parasitic losses. It can offer fuel economy of up to 4% at a very reasonable cost. Owing to these factors, the passenger car segment is estimated to be the largest. Request for Free Sample Pages:- https://www.marketsandmarkets.com/requestsample.asp?id=228170865

4. Waste heat recovery is estimated to be the fastest-growing segment of the automotive thermal management market A waste heat recovery system is an energy recovery system that transfers heat from process outputs at high temperature to another part of the process for maintaining the vehicle temperature. This technology is an efficient way to save fuel and reduce CO2 emissions from vehicles. Today, very less manufacturers are using waste heat recovery systems in their vehicles such as BMW and Ford. However, with increasing technological advancements, waste heat recovery will see tremendous growth as it can offer efficient thermal management in the vehicle. The future waste heat recovery systems include waste heat recovery through thermoelectric generators, exhaust waste heat recovery systems, and organic rankine cycle waste heat recovery system.

5. Target Audience • Manufacturers of automotive thermal management systems • Thermal system component manufacturers • Thermal system component raw material suppliers • Dealers and distributors of automotive thermal systems • Industry associations • Vehicle manufacturers/OEMs • Automobile industry as end-user • Government agencies • Compliance regulatory authorities

6. Key players The ecosystem of the automotive thermal management market consists of manufacturers and Tier 1 suppliers such as Denso (Japan), Gentherm (US), MAHLE (Germany), Valeo (France), BorgWarner (US), Dana (US), Calsonic Kansei (Japan), Eberspächer (Germany), Continental (Germany), and Schaeffler (Germany).

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