Automotive Thermal System Market Research and Forecast Report 2023-2028

1. Global Automotive Thermal System Market Research and Forecast Report 2023-2028 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Global Automotive Thermal System Market Research Report: The latest report by IMARC, titled “Automotive Thermal System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” " the global automotive thermal system market reached a value of US$ 35.5 Billion in 2022. Automotive thermal systems are widely employed in vehicles to manage the temperature levels of the various automobile components. These systems employ sensors to determine the temperature of the engine and other related components, such as motor, battery and cabinet. If the temperature is undesirable or not at optimum operating conditions, these systems regulate the same to improve user comfort without adversely affecting the vehicle range. They are essential for minimizing the occurrence of temperature fluctuations while effectively lowering the thermal load on the vehicle. They assist in improving the overall efficiency, reducing fuel consumption and enhancing powertrain efficacy of the automobiles while considerably lowering the carbon emission levels. Request market/requestsample Free Sample Report: https://www.imarcgroup.com/automotive-thermal-system-

4. Report Description and Highlights Report Description Global Automotive Thermal System Market Trends: The market is primarily driven by the increasing environmental consciousness among the masses and the escalating need for reducing carbon emissions produced by the vehicle’s internal combustion engines (ICEs). This is being supported by the numerous stringent regulations imposed by the governments of various countries for minimizing harmful vehicular emissions and encouraging fuel efficiency. Moreover, there has been a considerable rise in the production of electric vehicles (EVs) on the global level, facilitated by the inflating disposable incomes of the masses. Thermal management systems form a crucial component of these vehicles to regulate the internal temperature and to utilize the available heat energy for achieving a longer driving range. These automobiles are also extensively being integrated with thermal sensors that offer accurate temperature readings in real-time. Coupled with their growing integration with energy-efficient advanced heating, ventilation and air conditioning (HVAC) systems, the growing sales of EVs are, in turn, anticipated to provide a thrust to the market growth. The market is further driven by the increasing research and development (R&D) activities undertaken by numerous players to develop thermoelectric waste heat recovery systems that are expected to further enhance the fuel economy of the vehicles. Some of the other factors contributing to the market growth include the increasing demand for driver comfort and the rising demand for heavy vehicles from numerous end use industries. On account of the aforementioned factors, the market is anticipated to grow at a CAGR of 4.12% during 2023-2028. Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

5. Report Description and Highlights Report Description Market Summary: Breakup by Component: • Compressor • HVAC • Powertrain Cooling • Fluid Transport Breakup by Vehicle Type: • Passenger Cars • Light Commercial Vehicles • Heavy Commercial Vehicles • Others Breakup by Region: • North America • United States • Canada • Asia Pacific

6. Report Description and Highlights Report Description • China • Japan • India • South Korea • Australia • Indonesia • Others • Europe • Germany • France • United Kingdom • Italy • Spain • Russia • Others • Latin America • Brazil • Mexico • Others • Middle East and Africa

7. Report Description and Highlights Report Description Competitive Landscape with Key Players: • • • • • • • • • • Borgwarner Inc Continental Aktiengesellschaft DENSO Corporation General Motors Company Gentherm Incorporated Grayson Automotive Services Limited Lennox International Inc. MAHLE GmbH Modine Manufacturing Company Inc. Visteon Corporation View Full Report with TOC & List of Figure: https://www.imarcgroup.com/automotive-thermal- system-market

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10. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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