The automotive-sized thermal system market, estimated at USD 49.3 billion in 2019, is expected to reach USD 66.4 billion by 2027 and is expected to grow at a CAGR of 3% over the forecast period. Increased interest in fuel economy, driver comfort, increasing demand for electric vehicles worldwide, and the rigor of emission norms for reducing vehicle emissions will increase the demand for automotive thermal systems market.
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Automotive Thermal Management Market Segments:
Based on the Application (ICE)
• Engine Cooling
• Front Air Conditioning
• Rear Air Conditioning
• Transmission System
• Heated/Ventilated Seats
• Heated Steering
• Waste Heat Recovery
Based on the Vehicle Type (ICE)
• Passenger Cars
• LCV
• Truck
• Bus
Based on Electric & Hybrid Vehicle Application
• Battery Thermal System
• Transmission System
• Engine Cooling
• Front Air Conditioning
• Motor Thermal System
• Power Electronics
• Rear Air Conditioning
• Heated/Ventilated Seats
• Heated Steering
• Waste Heat Recovery
Based on Electric & Hybrid Vehicle Type
• BEV
• HEV
• PHEV
• FCEV
• Mild Hybrid
Based on Technology
• Active Transmission Warm Up
• Exhaust Gas Recirculation
• Engine Thermal Mass Reduction
• Reduced Hvac System Loading
• Other Technologies
Based on Components
• Air Filter
• Condenser
• Compressor
• Water-Pump
• Motor
• Heat Exchanger
• Heater Control Unit
• Thermoelectric Generator
• Electric Compressor
• Electric Water Pump
• Electric Motor
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(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)