Automotive Thermal System Market By Component (Compressor, HVAC, Powertrain Cooling, Fluid Transport), Industry trends, Estimation & Forecast, 2016 - 2024

January 2018

 ERC 2491

Automotive Thermal System is a technical structure which manages liquid, temperature and air within the vehicle. It upgrades the comfort of occupants by maintaining the temperature inside the vehicle. Automotive thermal system regulates the temperature of various automotive components such as battery, cabin and others in order to increase their efficiency and checks the breakdown of the vehicle.

With the rise of efficiency and advancement of automobile technology engines generate more heat. In order to regulate that, better thermal management solutions are required. Some major position holders of the automobile manufacturing industry such as BMW and Mercedes are now incorporating upgraded and light weighted Thermal Control System in their products. HVAC technology has replaced the old HFO-1234yf by R-134a, due to its harmful effects. Application of the new and advanced technologies and upgrading the existing ones will act as a key driver for the Automotive Thermal Control market. However the increasing cost of advanced thermal systems is restraining the growth of the Market. Moreover the research and development in the field of Automotive Thermal technology requires huge investments which also act as a blocking agent for the market growth. An increasing demand of alternative fuels such as propane, hydrogen and bio alcohols has been noticed as per the need of advanced thermal systems that run on them. This can be a key opportunity for fueling the growth of the market.

The segmentation of the Automotive Thermal Market is done on the basis of Component and Geography. On the basis of component the market is segmented as Compressor, HVAC, Powertrain Cooling and Fluid Transport. By Geography the market is further segmented as North America, Europe, Asia-Pacific and Rest of the World (Latin America, Africa and Middle-East).

The Major Companies of the Automotive Thermal market are General Motors Company, Denso Corporation, Magma International Inc., Valeo, Ford Motor Company, Delphi Automotive PLC, BorgWarner Automotive Powertrain Systems Corp., Hyundai Motor Company, Continental AG and Friedrichshafen AG

Automotive Thermal System Market Segmentation

The market is segmented on the basis of Component and Geography.

By Component

       • Compressor

       • HVAC

       • Powertrain Cooling

       • Fluid Transport

By Geography

North America

     • US

     • Canada

     • Mexico


    • Germany

    • U.K.

    • France

    • Italy

    • Rest of Europe 


    • China

    • India

    • Japan

    • South Korea

    • Rest of Asia- Pacific 

Rest of the World

    • South America

    • Middle East

    • Africa

Key Market Players

     • General Motors Company

     • Denso Corporation

     • Magma International Inc.

     • Valeo

     • Ford Motor Company

     • Delphi Automotive PLC

     • BorgWarner Automotive Powertrain Systems Corp.

     • Hyundai Motor Company

     • Continental AG

     • Friedrichshafen AG

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    What Information does this report contain?

    • What was the market size of the Automotive Thermal System Market in 2016 and the expected market size by 2024, along with the growth rate?
    • An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
    • Which are the largest revenue generating products, services or regions and their comparative growth rate?
    • Which technology is in trend and how would it evolve during the forecast period (2016 - 2024)?
    • Which are the leading companies in the Automotive Thermal System Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?

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