Automotive Thermal Systems Market by Application (Front & rear A/C, Engine & Transmission, Seat, Steering, Battery, Motor, Power Electronics, Waste Heat Recovery), Technology, Components, Vehicle Type and Region - Global Forecast to 2026
[340 Pages Report] The automotive thermal system market is projected to reach USD 49.1 billion by 2026 from USD 40.9 billion in 2021, at a CAGR of 3.7%. Stringent emission norms and rising demand for in-vehicle comfort applications will drive the automotive thermal system market.
The impact of COVID-19 can be witnessed on vehicle production, causing a downfall of 17% in 2020 compared to 2019. Asia Pacific is expected to be the largest market for automotive thermal systems market during the forecast period, and the passenger car segment is expected to be the leading segment of the market. Waste heat recovery segment, by application in ICE vehicles, is expected to grow at the fastest rate during the forecast period. Battery thermal management segment, by application in electric and hybrid vehicle, is the largest market for automotive thermal systems in electric and hybrid vehicles. As the demand for electric vehicles is increasing, the requirement for effective battery thermal management systems that provide better performance and high range is also going to increase.
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Covid-19 Impact On Market
The outbreak of COVID-19 has severely impacted the overall supply chain of the automotive industry. The halt in production and logistics created due to the pandemic has affected raw material suppliers of the automotive industry. The pandemic has affected the overall growth of the sector in 2020, as major automotive players such as Fiat, Volkswagen, PSA Group, General Motors, and BMW had to suspend their production during the initial second quarters of 2020. This scenario impacted the automotive thermal systems market, especially in European & North American countries, as the growth of this market is directly related to the production of vehicles. However, the demand for thermal systems is expected to rise, considering 2021 as the recovery period, where the automotive industry is expected to showcase growth, according to industry experts.
Market Dynamics
DRIVER: Increasing stringency of emission regulations will increase the demand of CO2 reduction and fuel-efficient thermal systems
With the increase in global vehicle parc, controlling GHG emissions from vehicles has become a major challenge. To overcome the exponential outcome of emissions, regulatory bodies such as European Commission (EC) and the United States Environmental Protection Agency (US EPA) have regulated fuel sulphur content limits and mandated fuel economy standards. Advancements in thermal system technology can maximize CO2 reduction and improve vehicle efficiency by reusing the waste heat and optimally managing the heating and cooling systems of the vehicle. Various thermal system technologies that are now installed in luxury vehicles to meet the reduced CO2 emission targets are engine thermal mass reduction, predictive powertrain control, integrated liquid-cooled exhaust/EGR, transmission rapid warm-up, dynamic engine thermal control, and Thermoelectric Capture and Generation (TEG). In addition, Rankine cycle and thermal electric exhaust heat recovery systems are upcoming technologies in thermal systems.
In conventional vehicles, the use of thermal technologies makes engine, transmission, and HVAC systems more efficient. In case of electric vehicles, these technologies improve the range of the electric powertrain, reduce charging time, and enabling a reduction in size, mass, and cost of the powertrain subsystem (e.g., motor, power electronics, or battery).
RESTRAINT: High cost of thermal system technology
With the implementation of stringent emission and fuel economy targets, OEMs have adopted new technologies to achieve desired results. Also, increased demand for in-vehicle comfort features has compelled manufacturers to focus on powertrain, drivetrain, and in-vehicle cabin comfort thermal systems. The performance of a thermal system can be assessed by estimating the cost incurred against the total amount of CO2 reduction achieved via these technologies. Technologies with high ROI and CO2 reductions have already been accepted and introduced by OEMs in their premium models. Leading automakers such as BMW, Fiat Chrysler, Ford, GM, Honda, Hyundai, JLR, Kia, Mercedes, and Nissan have deployed technologies such as engine thermal mass reduction, predictive powertrain control, variable engine oil pump, integrated liquid-cooled exhaust/EGR, polymer material heat exchangers, and active grille shutters. Although there are more than 60 thermal system technologies, only a handful of them are used currently due to their cost-benefit ratio.
OPPORTUNITY: Increase in demand for electric vehicles will increase the demand of thermal management technologies
In recent years, the global automotive industry has shifted focus on developing efficient, affordable, long-range, battery-powered passenger vehicles that can compete with and ultimately replace fossil-fuel-powered vehicles. However, battery electric vehicle (BEV) architecture and necessary infrastructure for hybrid and plug-in hybrid electric vehicles are still in the development phase. The increasing demand for electric vehicles is expected to reduce the cost of batteries. Also, fast charging technologies would help develop batteries with long range and easy access to charging stations. It is also important that vehicle range is not affected due to auxiliary loads such as heating and cooling of the cabin and electric vehicle components.
In BEVs, waste heat energy is very low, and, therefore, these vehicles require auxiliary systems to be more efficient. Heating competes with traction power and can heavily drain the battery in cold weather conditions. A survey of the BEV architectures in recent years indicates that the industry has been experimenting with different combinations of thermal system concepts such as pre-conditioning of the cabin, air coolant and refrigerant cooled batteries, heat pumping, and collection and re-use of waste heat. Some of these technologies can be combined to increase efficiency while lowering the cost and complexity of implementation.
Cabin air conditioning, battery cooling, power electronics, and electric motor cooling are vital in BEVs. Battery thermal management and motor thermal management play a significant role in increasing the drive time and performance by efficiently reusing the waste heat. Thus, with the increase in demand for electric vehicles, the demand for thermal management systems is expected to increase during the forecast period.
CHALLENGE: Lack of Standardization
Local or regional manufacturers must follow the norms or emission standards regulated by the governing body. However, as emission regulations vary in different regions, lack of standardization can hamper the export of thermal systems. For instance, reduction of emission is mandated in Europe. However, there is no such mandate in developing countries such as South Africa. Therefore, the lack of standardization prevents manufacturers from sourcing raw materials or inventories, which, in turn, hampers the export business. Manufacturers turn to low-volume manufacturing, which results in high manufacturing costs. The European Commission and US EPA have mandated the upgrading of engine technology to Euro III/IV/V and Tier 3/4. This has increased the demand for after-treatment devices and improved thermal technologies that comply with the upgraded technology. Thus, lack of standardized technical norms and high cost of manufacturing can hinder the growth of the market.
The waste heat recovery segment is estimated to be the fastest-growing segment during the forecast period
The thermal system market for waste heat recovery is estimated to grow at the highest CAGR of 10.2% during the forecast period. The growth of the waste heat recovery system market can be attributed to the increasing production of commercial vehicles that have turbochargers and EGR as standard fitments. Due to stringent emission norms, waste heat recovery technologies have also been adopted in gasoline vehicle .
The passenger car segment is projected to lead the automotive thermal systems market
the passenger car segment is estimated to be the largest market for automotive thermal systems. The top 6 countries with the highest passenger car production are China, Japan, Germany, India, South Korea, and the US. The key factors that drive the sales of passenger cars in various countries are increasing per capita income and improved standard of living. Also, the growing inclination toward comfort and luxury and demand for advanced features such as heated/ventilated seats, heated steering, and rear air conditioning are expected to drive the market.
Asia Pacific is estimated to be the largest market in 2021
Asia Pacific is estimated to be the largest market for automotive thermal systems and is expected to grow at a CAGR of 4.0% during the forecast period. The Asia Pacific region has emerged as a hub for automotive production in recent years. Changing consumer preferences, increasing per capita income of the middle-class population, and cost advantages have led OEMs to increase vehicle production in the region. Thus, China, India, and Japan have seen a significant increase in vehicle production. The huge vehicle production in the region offers a tremendous growth opportunity for the automotive thermal system market. Favorable investment policies and availability of cheap labor have also made Asia Pacific an ideal market for automotive OEMs. Increased demand for luxury cars with superior cabin comfort has spurred the demand for automotive thermal systems in this region.
Key Market Players
Denso Corporation (Japan), MAHLE GmbH (Germany), Hanon Systems (South Korea), Valeo (France), and BorgWarner Inc. (US) are some of the major players dominating the global automotive thermal systems market. These companies adopted new product launches and expansion to gain traction in the automotive thermal systems market
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Report Metric |
Details |
|
Market size available for years |
20182026 |
|
Base year considered |
2020 |
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Forecast period |
20212026 |
|
Forecast units |
Value (USD Million) |
|
Segments covered |
By Application (ICE), by ICE Vehicle Type, by Technology (ICE), by Application (Electric and hybrid Vehicles), by Electric and Hybrid Vehicle Type, by Component, and region |
|
Geographies covered |
Asia Pacific, North America, Europe, and RoW |
|
Companies covered |
Denso Corporation (Japan), MAHLE GmbH (Germany), Hanon Systems (South Korea), Valeo (France), and BorgWarner Inc. (US) |
Recent Developments
- In May 2021, Hanon Systems completed the acquisition of condenser business from Keihin Corporation for certain operations in Europe and North America.
- In March 2021, Hanon Systems began construction on its fifth plant in Korea. The facility will produce a range of solutions, including heat pump modules and coolant valve assemblies, to support electric vehicles for the Genesis brand and Ioniq 5 model of Hyundai.
- In February 2021, MAHLE reached an agreement with Keihin Corporation (now known as Hitachi Astemo, Ltd.) to acquire its thermal management business activities in Japan, Thailand, and the US.
- In February 2021. Schaeffler invested EUR 80 million in a new central laboratory complex in Herzogenaurach as part of the company's Roadmap 2025 strategy announced last year. The investment is aimed at securing the Schaeffler Groups competitiveness and ability to realize future opportunities as well as strengthening the position of its Herzogenaurach campus as a center of technological excellence.
- In December 2019. Denso added 121 original equipment (OE) quality part numbers to its thermal management range. It consists of 39 radiators, 76 condensers, and six cabin blowers, which are linked to 342 OE numbers and cover an additional 2,300 vehicles. These latest references illustrate the availability and variety in vehicle parc that Denso boasts
- In August 2019, MAHLE developed a new battery housing concept with integrated thermal management designed to increase rapid charging capability and vehicle range. The company claims the new housing allows manufacturers to use batteries that are about 40% smaller, which not only reduces the CO2 footprint of the EV but also lowers the demand for raw materials for battery production
Frequently Asked Questions (FAQ):
What is the current size of the global automotive thermal systems market?
The global automotive thermal systems market is estimated to be USD 40.9 billion in 2021, with Asia Pacific dominating the market.
Which application type is currently leading the automotive thermal systems market?
Front Air Conditioning segment is leading application type in the automotive thermal systems market.
Many companies are operating in the automotive thermal systems market space across the globe. Do you know who are the front leaders, and what strategies have been adopted by them?
Denso Corporation, MAHLE GmbH, Hanon Systems, Valeo, and BorgWarner Inc. These companies adopted new product launches and expansion strategies to gain traction in the automotive thermal systems market.
How is the demand for automotive thermal systems varies by region?
Asia Pacific is estimated to be the largest market for automotive thermal systems. The Asia Pacific region has emerged as a hub for automotive production in recent years. Europe and North America are also expected to grow at a decent pace during the forecast period due to the increasing demand of luxury vehicles and comfort features in the region.
What are the drivers and opportunities for the automotive thermal systems manufacturer?
Increasing stringency of emission regulations, increasing demand of luxury and comfort features, advancements in mobility solutions and increase in demand of electric vehicles. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 31)
1.1 OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS & EXCLUSIONS
1.3 MARKET SCOPE
FIGURE 1 THERMAL SYSTEM MARKET FOR AUTOMOTIVE: MARKET SEGMENTATION
1.3.1 YEARS CONSIDERED IN THE STUDY
1.4 SUMMARY OF CHANGES
1.5 LIMITATIONS
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 36)
2.1 RESEARCH DATA
FIGURE 2 AUTOMOTIVE THERMAL SYSTEM MARKET: RESEARCH DESIGN
FIGURE 3 RESEARCH DESIGN MODEL
2.2 SECONDARY DATA
2.2.1 KEY SECONDARY SOURCES FOR VEHICLE PRODUCTION AND ELECTRIC VEHICLE SALES
2.2.2 KEY SECONDARY SOURCES FOR MARKET SIZING
2.2.3 KEY DATA FROM SECONDARY SOURCES
2.3 PRIMARY DATA
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
2.3.1 SAMPLING TECHNIQUES & DATA COLLECTION METHODS
2.3.2 PRIMARY PARTICIPANTS
2.4 MARKET SIZE ESTIMATION
FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
2.4.1 BOTTOM-UP APPROACH
2.4.2 BOTTOM-UP APPROACH: AUTOMOTIVE THERMAL SYSTEM MARKET
2.4.3 TOP-DOWN APPROACH
2.4.4 TOP-DOWN APPROACH: AUTOMOTIVE THERMAL SYSTEM MARKET
2.4.5 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDE
2.5 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 6 DATA TRIANGULATION
2.6 FACTOR ANALYSIS
2.7 ASSUMPTIONS & ASSOCIATED RISKS
2.7.1 RESEARCH ASSUMPTIONS
2.7.2 MARKET ASSUMPTIONS
TABLE 1 ASSUMPTIONS, ASSOCIATED RISKS, AND IMPACT
2.8 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 50)
3.1 INTRODUCTION
3.1.1 PRE- VS POST-COVID-19 SCENARIO
FIGURE 7 PRE- & POST-COVID-19 SCENARIO: AUTOMOTIVE THERMAL SYSTEM MARKET, 20182026 (USD MILLION)
TABLE 2 AUTOMOTIVE THERMAL SYSTEM MARKET: PRE- VS. POST-COVID-19 SCENARIO, 20182026 (USD BILLION)
3.2 REPORT SUMMARY
FIGURE 8 AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION (ICE), 2021 VS. 2026 (USD MILLION)
4 PREMIUM INSIGHTS (Page No. - 54)
4.1 ATTRACTIVE OPPORTUNITIES IN AUTOMOTIVE THERMAL SYSTEM MARKET
FIGURE 9 STRINGENT EMISSION NORMS AND RISING DEMAND FOR ELECTRIC VEHICLES ARE EXPECTED TO DRIVE THE AUTOMOTIVE THERMAL SYSTEM MARKET
4.2 AUTOMOTIVE THERMAL SYSTEM MARKET, BY REGION
FIGURE 10 ASIA PACIFIC IS EXPECTED TO DOMINATE THE AUTOMOTIVE THERMAL SYSTEM MARKET
4.3 AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION (ICE)
FIGURE 11 FRONT AIR CONDITIONING SEGMENT TO HOLD LARGEST MARKET BY 2026
4.4 AUTOMOTIVE THERMAL SYSTEM MARKET, BY VEHICLE TYPE (ICE)
FIGURE 12 PASSENGER CAR SEGMENT PROJECTED TO HOLD LARGEST MARKET BY 2027
4.5 ELECTRIC & HYBRID VEHICLE THERMAL SYSTEM MARKET, BY APPLICATION
FIGURE 13 WASTE HEAT RECOVERY SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
4.6 AUTOMOTIVE THERMAL SYSTEM MARKET, BY ELECTRIC VEHICLE TYPE
FIGURE 14 BEV SEGMENT TO HOLD LARGEST MARKET DURING FORECAST PERIOD
4.7 AUTOMOTIVE THERMAL SYSTEM MARKET, BY TECHNOLOGY (ICE)
FIGURE 15 EGR TO HOLD LARGEST MARKET DURING FORECAST PERIOD
4.8 AUTOMOTIVE THERMAL SYSTEM MARKET, BY COMPONENT
FIGURE 16 HEAT EXCHANGER TO HOLD LARGEST MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 59)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 17 THERMAL SYSTEM FOR AUTOMOTIVE: MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increasing stringency of emission regulations
TABLE 3 EMISSION NORM SPECIFICATIONS IN KEY COUNTRIES FOR PASSENGER CARS
5.2.1.2 Increasing demand for luxury and comfort features
TABLE 4 ADVANCED THERMAL SYSTEM TECHNOLOGY OFFERED BY KEY OEMS
5.2.2 RESTRAINTS
5.2.2.1 High cost of thermal system technology
TABLE 5 ECONOMIC COMPARISON OF OVER 60 THERMAL SYSTEM TECHNOLOGIES: VALUE VS. COST OF CO2 REDUCTION
5.2.3 OPPORTUNITIES
5.2.3.1 Advancements in mobility solutions
5.2.3.2 Increase in demand for electric vehicles
FIGURE 18 ELECTRIC AND HYBRID VEHICLE FORECAST FROM 2021 TO 2030 (000 UNITS)
5.2.4 CHALLENGES
5.2.4.1 Lack of standardization
5.2.4.2 Low adoption of advanced thermal systems in developing countries
TABLE 6 ADOPTION RATE OF THERMAL SYSTEMS IN PASSENGER CARS IN KEY COUNTRIES
5.3 TRENDS/DISRUPTIONS IMPACTING BUYERS
FIGURE 19 TRENDS/DISRUPTIONS IMPACTING BUYERS
5.4 AUTOMOTIVE THERMAL SYSTEM MARKET SCENARIO
FIGURE 20 AUTOMOTIVE THERMAL SYSTEM MARKET SCENARIO, 20182026 (USD MILLION)
5.4.1 REALISTIC SCENARIO
TABLE 7 AUTOMOTIVE THERMAL SYSTEM MARKET (REALISTIC SCENARIO), BY REGION, 20182026 (USD BILLION)
5.4.2 LOW-IMPACT SCENARIO
TABLE 8 AUTOMOTIVE THERMAL SYSTEM MARKET (LOW-IMPACT SCENARIO), BY REGION, 20182026 (USD MILLION)
5.4.3 HIGH-IMPACT SCENARIO
TABLE 9 AUTOMOTIVE THERMAL SYSTEM MARKET (HIGH-IMPACT SCENARIO), BY REGION, 20182026 (USD MILLION)
5.5 PORTERS FIVE FORCES ANALYSIS
FIGURE 21 PORTERS FIVE FORCES ANALYSIS: PRESENCE OF ESTABLISHED GLOBAL PLAYERS INCREASES THE DEGREE OF COMPETITION
5.5.1 PORTERS FIVE FORCES ANALYSIS
5.5.2 THREAT OF SUBSTITUTES
5.5.3 THREAT OF NEW ENTRANTS
5.5.4 BARGAINING POWER OF BUYERS
5.5.5 BARGAINING POWER OF SUPPLIERS
5.5.6 INTENSITY OF COMPETITIVE RIVALRY
5.6 AUTOMOTIVE THERMAL SYSTEM MARKET ECOSYSTEM
TABLE 10 AUTOMOTIVE SUSPENSION MARKET: ROLE OF COMPANIES IN ECOSYSTEM
5.7 SUPPLY CHAIN ANALYSIS
FIGURE 22 SUPPLY CHAIN ANALYSIS: AUTOMOTIVE THERMAL SYSTEM MARKET
5.8 AVERAGE SELLING PRICE TREND
5.8.1 AVERAGE REGIONAL PRICE TREND: PASSENGER CARS THERMAL SYSTEM MAJOR COMPONENTS (USD/UNIT), 2021
5.8.2 AVERAGE REGIONAL PRICE TREND: LIGHT COMMERCIAL VEHICLES THERMAL SYSTEM MAJOR COMPONENTS (USD/UNIT), 2021
5.8.3 AVERAGE REGIONAL PRICE TREND: TRUCK THERMAL SYSTEM MAJOR COMPONENTS (USD/UNIT), 2021
5.8.4 AVERAGE REGIONAL PRICE TREND: BUS THERMAL SYSTEM MAJOR COMPONENTS (USD/UNIT), 2021
5.9 PATENT ANALYSIS
5.9.1 APPLICATIONS AND PATENTS GRANTED, 20182020
5.10 CASE STUDY ANALYSIS
5.10.1 COOLING SYSTEM MAINTENANCE AND SERVICE CASE STUDY
5.10.2 OPTARE CASE STUDY
5.11 TRADE ANALYSIS
5.11.1 IMPORT AND EXPORT DATA OF RADIATORS AND PARTS, BY COUNTRY, 2020 (USD THOUSANDS)
TABLE 11 IMPORT TRADE DATA OF RADIATORS AND PARTS, BY COUNTRY, 2020
TABLE 12 EXPORT TRADE DATA OF RADIATORS AND PARTS, BY COUNTRY, 2020
5.11.2 IMPORT AND EXPORT DATA OF AIR CONDITIONING MACHINES USED IN VEHICLES FOR CABIN, BY COUNTRY, 2020 (USD THOUSANDS)
TABLE 13 IMPORT TRADE DATA OF AIR CONDITIONING MACHINES USED IN VEHICLES FOR CABIN, BY COUNTRY, 2020
TABLE 14 EXPORT TRADE DATA OF AIR CONDITIONING MACHINES USED IN VEHICLES FOR CABIN, BY COUNTRY, 2020
5.12 REGULATORY FRAMEWORK
5.12.1 EMISSION REGULATIONS
5.12.1.1 On-road vehicles
TABLE 15 EURO-5 VS. EURO-6 VEHICLE EMISSION STANDARDS ON NEW EUROPEAN DRIVING CYCLE
TABLE 16 ON-ROAD VEHICLE EMISSION REGULATION OUTLOOK FOR PASSENGER CARS, 20162021
FIGURE 23 ON-ROAD VEHICLE EMISSION REGULATION OUTLOOK FOR HEAVY-DUTY VEHICLES, 20142025
5.13 FUEL ECONOMY NORMS
5.13.1 US
TABLE 17 US: CAFE STANDARDS FOR EACH MODEL YEAR IN MILES PER GALLON, 20122025
5.13.2 EUROPE
5.13.3 CHINA
5.13.4 INDIA
5.14 TECHNOLOGY ANALYSIS
5.14.1 AUTOMOTIVE THERMAL SYSTEM TECHNOLOGICAL ANALYSIS
5.14.2 PASSENGER COMFORT TECHNOLOGY
6 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 86)
6.1 ASIA PACIFIC WILL BE MAJOR MARKET FOR THERMAL SYSTEMS
6.2 ELECTRIC & HYBRID VEHICLE THERMAL SYSTEM APPLICATIONS CAN BE A KEY FOCUS FOR MANUFACTURERS
6.3 CONCLUSION
7 AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION (ICE) (Page No. - 87)
7.1 INTRODUCTION
7.1.1 RESEARCH METHODOLOGY
7.1.2 ASSUMPTIONS
7.1.3 INDUSTRY INSIGHTS
FIGURE 24 AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION (ICE), 2021 VS. 2026 (USD MILLION)
TABLE 18 AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION (ICE), 20182020 (000 UNITS)
TABLE 19 AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION (ICE), 20212026 (000 UNITS)
TABLE 20 AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION (ICE), 20182020 (USD MILLION)
TABLE 21 AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION (ICE), 20212026 (USD MILLION)
7.2 ENGINE COOLING
7.2.1 ENGINE DOWNSIZING AND DEMAND FOR LOW EMISSION ENGINES WILL DRIVE THE SEGMENT
TABLE 22 ENGINE COOLING SYSTEM MARKET, BY REGION, 20182020 (000 UNITS)
TABLE 23 ENGINE COOLING SYSTEM MARKET, BY REGION, 20212026 (000 UNITS)
TABLE 24 ENGINE COOLING SYSTEM MARKET, BY REGION, 20182020 (USD MILLION)
TABLE 25 ENGINE COOLING SYSTEM MARKET, BY REGION, 20212026 (USD MILLION)
7.3 FRONT AIR CONDITIONING
7.3.1 INCREASING DEMAND FOR COMFORT AND ADVANCEMENTS IN TECHNOLOGY TO DRIVE THE SEGMENT
TABLE 26 FRONT AIR CONDITIONING SYSTEM MARKET, BY REGION, 20182020 (000 UNITS)
TABLE 27 FRONT AIR CONDITIONING SYSTEM MARKET, BY REGION, 20212026 (000 UNITS)
TABLE 28 FRONT AIR CONDITIONING SYSTEM MARKET, BY REGION, 20182020 (USD MILLION)
TABLE 29 FRONT AIR CONDITIONING SYSTEM MARKET, BY REGION, 20212026 (USD MILLION)
7.4 REAR AIR CONDITIONING
7.4.1 RISING AMOUNT OF TIME SPENT BY PEOPLE IN VEHICLES AND DEMAND FOR COMFORT FEATURES TO DRIVE THE SEGMENT
TABLE 30 REAR AIR CONDITIONING SYSTEM MARKET, BY REGION, 20182020 (000 UNITS)
TABLE 31 REAR AIR CONDITIONING SYSTEM MARKET, BY REGION, 20212026 (000 UNITS)
TABLE 32 REAR AIR CONDITIONING SYSTEM MARKET, BY REGION, 20182020 (USD MILLION)
TABLE 33 REAR AIR CONDITIONING SYSTEM MARKET, BY REGION, 20212026 (USD MILLION)
7.5 TRANSMISSION SYSTEM
7.5.1 GROWING DEMAND FOR AUTOMATIC TRANSMISSION IN DEVELOPING COUNTRIES TO DRIVE THE SEGMENT
TABLE 34 TRANSMISSION SYSTEM MARKET, BY REGION, 20182020 (000 UNITS)
TABLE 35 TRANSMISSION SYSTEM MARKET, BY REGION, 20212026 (000 UNITS)
TABLE 36 TRANSMISSION SYSTEM MARKET, BY REGION, 20182020 (USD MILLION)
TABLE 37 TRANSMISSION SYSTEM MARKET, BY REGION, 20212026 (USD MILLION)
7.6 HEATED/VENTILATED SEATS
7.6.1 INCREASING DEMAND FOR CABIN COMFORT TO DRIVE THE SEGMENT
TABLE 38 HEATED/VENTILATED SEATS SYSTEM MARKET, BY REGION, 20182020 (000 UNITS)
TABLE 39 HEATED/VENTILATED SEATS MARKET, BY REGION, 20212026 (000 UNITS)
TABLE 40 HEATED/VENTILATED SEATS MARKET, BY REGION, 20182020 (USD MILLION)
TABLE 41 HEATED/VENTILATED SEATS MARKET, BY REGION, 20212026 (USD MILLION)
7.7 HEATED STEERING
7.7.1 GROWING DEMAND FOR COMFORT FEATURES IN COLD REGIONS TO DRIVE THE SEGMENT
TABLE 42 HEATED STEERING MARKET, BY REGION, 20182020 (000 UNITS)
TABLE 43 HEATED STEERING MARKET, BY REGION, 20212026 (000 UNITS)
TABLE 44 HEATED STEERING MARKET, BY REGION, 20182020 (USD MILLION)
TABLE 45 HEATED STEERING MARKET, BY REGION, 20212026 (USD MILLION)
7.8 WASTE HEAT RECOVERY
7.8.1 EMISSION REGULATIONS AND INCREASING DEMAND FOR HYBRID VEHICLES TO DRIVE THE SEGMENT
TABLE 46 WASTE HEAT RECOVERY MARKET, BY REGION, 20182020 (000 UNITS)
TABLE 47 WASTE HEAT RECOVERY MARKET, BY REGION, 20212026 (000 UNITS)
TABLE 48 WASTE HEAT RECOVERY MARKET, BY REGION, 20182020 (USD MILLION)
TABLE 49 WASTE HEAT RECOVERY MARKET, BY REGION, 20212026 (USD MILLION)
8 AUTOMOTIVE THERMAL SYSTEM MARKET, BY ICE VEHICLE TYPE (Page No. - 104)
8.1 INTRODUCTION
8.1.1 RESEARCH METHODOLOGY
8.1.2 ASSUMPTIONS
8.1.3 INDUSTRY INSIGHTS
FIGURE 25 AUTOMOTIVE THERMAL SYSTEM MARKET, BY ICE VEHICLE TYPE, 2021 VS. 2026 (USD MILLION)
TABLE 50 AUTOMOTIVE THERMAL SYSTEM MARKET, BY ICE VEHICLE TYPE, 20182020 (000 UNITS)
TABLE 51 AUTOMOTIVE THERMAL SYSTEM MARKET, BY ICE VEHICLE TYPE, 20212026 (000 UNITS)
TABLE 52 AUTOMOTIVE THERMAL SYSTEM MARKET, BY ICE VEHICLE TYPE, 20182020 (USD MILLION)
TABLE 53 AUTOMOTIVE THERMAL SYSTEM MARKET, BY ICE VEHICLE TYPE, 20212026 (USD MILLION)
8.2 PASSENGER CAR
8.2.1 DEMAND FOR FUEL-EFFICIENT PASSENGER CARS TO DRIVE THE SEGMENT
TABLE 54 PASSENGER CAR: THERMAL SYSTEM MARKET, BY REGION, 20182020 (000 UNITS)
TABLE 55 PASSENGER CAR: THERMAL SYSTEM MARKET, BY REGION, 20212026 (000 UNITS)
TABLE 56 PASSENGER CAR: THERMAL SYSTEM MARKET, BY REGION, 20182020 (USD MILLION)
TABLE 57 PASSENGER CAR: THERMAL SYSTEM MARKET, BY REGION, 20212026 (USD MILLION)
8.3 LIGHT COMMERCIAL VEHICLE (LCV)
8.3.1 HIGH DEMAND IN NORTH AMERICA TO DRIVE THE SEGMENT
TABLE 58 LIGHT COMMERCIAL VEHICLE: THERMAL SYSTEM MARKET, BY REGION, 20182020 (000 UNITS)
TABLE 59 LIGHT COMMERCIAL VEHICLE: THERMAL SYSTEM MARKET, BY REGION, 20212026 (000 UNITS)
TABLE 60 LIGHT COMMERCIAL VEHICLE: THERMAL SYSTEM MARKET, BY REGION, 20182020 (USD MILLION)
TABLE 61 LIGHT COMMERCIAL VEHICLE: THERMAL SYSTEM MARKET, BY REGION, 20212026 (USD MILLION)
8.4 TRUCK
8.4.1 GROWTH IN LARGE-SCALE INDUSTRIES, LOGISTICS, AND CONSTRUCTION IN ASIA PACIFIC TO DRIVE THE SEGMENT
TABLE 62 TRUCK: THERMAL SYSTEM MARKET, BY REGION, 20182020 (000 UNITS)
TABLE 63 TRUCK: THERMAL SYSTEM MARKET, BY REGION, 20212026 (000 UNITS)
TABLE 64 TRUCK: THERMAL SYSTEM MARKET, BY REGION, 20182020 (USD MILLION)
TABLE 65 TRUCK: THERMAL SYSTEM MARKET, BY REGION, 20212026 (USD MILLION)
8.5 BUS
8.5.1 HIGH DEPENDENCE ON PUBLIC TRANSPORT TO DRIVE THE SEGMENT
TABLE 66 BUS: THERMAL SYSTEM MARKET, BY REGION, 20182020 (000 UNITS)
TABLE 67 BUS: THERMAL SYSTEM MARKET, BY REGION, 20212026 (000 UNITS)
TABLE 68 BUS: THERMAL SYSTEM MARKET, BY REGION, 20182020 (USD MILLION)
TABLE 69 BUS: THERMAL SYSTEM MARKET, BY REGION, 20212026 (USD MILLION)
9 AUTOMOTIVE THERMAL SYSTEM MARKET (ICE), BY TECHNOLOGY (Page No. - 116)
9.1 INTRODUCTION
9.1.1 RESEARCH METHODOLOGY
9.1.2 ASSUMPTIONS
9.1.3 INDUSTRY INSIGHTS
FIGURE 26 AUTOMOTIVE THERMAL SYSTEM MARKET (ICE), BY TECHNOLOGY, 2021 VS. 2026 (000 UNITS)
TABLE 70 AUTOMOTIVE THERMAL SYSTEM MARKET (ICE), BY TECHNOLOGY, 20182020 (OOO UNITS)
TABLE 71 AUTOMOTIVE THERMAL SYSTEM MARKET ICE), BY TECHNOLOGY, 20212026 (OOO UNITS)
9.2 ACTIVE TRANSMISSION WARM UP
9.2.1 FUEL ECONOMY AND FASTER TRANSMISSION TECHNOLOGY TO DRIVE DEMAND
TABLE 72 ACTIVE TRANSMISSION WARM UP SYSTEM MARKET, BY REGION, 20182020 (OOO UNITS)
TABLE 73 ACTIVE TRANSMISSION WARM UP SYSTEM MARKET, BY REGION, 20212026 (OOO UNITS)
9.3 EGR
9.3.1 INCREASED ADOPTION OF SCR SYSTEMS TO RESTRAIN DEMAND
TABLE 74 EGR SYSTEM MARKET, BY REGION, 20182020 (OOO UNITS)
TABLE 75 EGR SYSTEM MARKET, BY REGION, 20212026 (OOO UNITS)
9.4 ENGINE THERMAL MASS REDUCTION
9.4.1 DEMAND FOR FUEL-EFFICIENT VEHICLES TO DRIVE THE SEGMENT
TABLE 76 ENGINE THERMAL MASS REDUCTION MARKET, BY REGION, 20182020 (OOO UNITS)
TABLE 77 ENGINE THERMAL MASS REDUCTION MARKET, BY REGION, 20212026 (OOO UNITS)
9.5 REDUCED HVAC SYSTEM LOADING
9.5.1 DEMAND FOR ENHANCED CABIN COMFORT TO DRIVE THE SEGMENT
TABLE 78 REDUCED HVAC SYSTEM LOADING MARKET, BY REGION, 20182020 (OOO UNITS)
TABLE 79 REDUCED HVAC SYSTEM LOADING MARKET, BY REGION, 20212026 (OOO UNITS)
9.6 OTHER TECHNOLOGIES
9.6.1 PERFORMANCE CARS TO DRIVE THE SEGMENT
TABLE 80 OTHER AUTOMOTIVE THERMAL TECHNOLOGIES MARKET, BY REGION, 20182020 (OOO UNITS)
TABLE 81 OTHER AUTOMOTIVE THERMAL TECHNOLOGIES MARKET, BY REGION, 20212026 (OOO UNITS)
10 ELECTRIC & HYBRID VEHICLE THERMAL SYSTEM MARKET, BY APPLICATION (Page No. - 125)
10.1 INTRODUCTION
10.1.1 RESEARCH METHODOLOGY
10.1.2 ASSUMPTIONS
10.1.3 INDUSTRY INSIGHTS
FIGURE 27 ELECTRIC & HYBRID VEHICLE THERMAL SYSTEM MARKET, BY APPLICATION, 2021 VS. 2026 (USD MILLION)
TABLE 82 ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (000 UNITS)
TABLE 83 ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (000 UNITS)
TABLE 84 ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (USD MILLION)
TABLE 85 ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (USD MILLION)
10.2 BATTERY THERMAL MANAGEMENT
10.2.1 GOVERNMENT POLICIES FOR ELECTRIC VEHICLES TO DRIVE THE SEGMENT
TABLE 86 BATTERY THERMAL MANAGEMENT: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (000 UNITS)
TABLE 87 BATTERY THERMAL MANAGEMENT: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (000 UNITS)
TABLE 88 BATTERY THERMAL MANAGEMENT: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (USD MILLION)
TABLE 89 BATTERY THERMAL MANAGEMENT: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (USD MILLION)
10.3 TRANSMISSION SYSTEM
10.3.1 INCREASED DEMAND FOR AUTOMATIC TRANSMISSION TO DRIVE THE SEGMENT
TABLE 90 TRANSMISSION SYSTEM: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (000 UNITS)
TABLE 91 TRANSMISSION SYSTEM: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (000 UNITS)
TABLE 92 TRANSMISSION SYSTEM: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (USD MILLION)
TABLE 93 TRANSMISSION SYSTEM: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (USD MILLION)
10.4 ENGINE COOLING
10.4.1 DEMAND FOR EFFICIENT ENGINES TO DRIVE THE SEGMENT
TABLE 94 ENGINE COOLING: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (000 UNITS)
TABLE 95 ENGINE COOLING: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (000 UNITS)
TABLE 96 ENGINE COOLING: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (USD MILLION)
TABLE 97 ENGINE COOLING: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (USD MILLION)
10.5 FRONT AIR CONDITIONING
10.5.1 DEMAND FOR COMFORT AND CONVENIENCE TO DRIVE THE SEGMENT
TABLE 98 FRONT AIR CONDITIONING: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (000 UNITS)
TABLE 99 FRONT AIR CONDITIONING: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (000 UNITS)
TABLE 100 FRONT AIR CONDITIONING: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (USD MILLION)
TABLE 101 FRONT AIR CONDITIONING: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (USD MILLION)
10.6 MOTOR THERMAL MANAGEMENT
10.6.1 DEMAND FOR ADVANCED ELECTRIC AND HYBRID POWERTRAINS TO DRIVE THE SEGMENT
TABLE 102 MOTOR THERMAL MANAGEMENT: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (000 UNITS)
TABLE 103 MOTOR THERMAL MANAGEMENT: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (000 UNITS)
TABLE 104 MOTOR THERMAL MANAGEMENT: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (USD MILLION)
TABLE 105 MOTOR THERMAL MANAGEMENT: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (USD MILLION)
10.7 POWER ELECTRONICS
10.7.1 DEMAND FOR SMART HYBRID AND ELECTRIC VEHICLES TO DRIVE THE SEGMENT
TABLE 106 POWER ELECTRONICS: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (000 UNITS)
TABLE 107 POWER ELECTRONICS: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (000 UNITS)
TABLE 108 POWER ELECTRONICS: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (USD MILLION)
TABLE 109 POWER ELECTRONICS: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (USD MILLION)
10.8 REAR AIR CONDITIONING
10.8.1 INCREASED DEMAND FOR LUXURY AND MID-SEGMENT VEHICLES TO DRIVE THE SEGMENT
TABLE 110 REAR AIR CONDITIONING: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (000 UNITS)
TABLE 111 REAR AIR CONDITIONING: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (000 UNITS)
TABLE 112 REAR AIR CONDITIONING: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (USD MILLION)
TABLE 113 REAR AIR CONDITIONING: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (USD MILLION)
10.9 HEATED/VENTILATED SEATS
10.9.1 DEMAND FOR CABIN COMFORT FEATURES TO DRIVE THE SEGMENT
TABLE 114 HEATED/VENTILATED SEATS: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (000 UNITS)
TABLE 115 HEATED/VENTILATED SEATS: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (000 UNITS)
TABLE 116 HEATED/VENTILATED SEATS: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (USD MILLION)
TABLE 117 HEATED/VENTILATED SEATS: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (USD MILLION)
10.10 HEATED STEERING
10.10.1 DEMAND FOR LUXURY VEHICLES TO DRIVE THE SEGMENT
TABLE 118 HEATED STEERING: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (000 UNITS)
TABLE 119 HEATED STEERING: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (000 UNITS)
TABLE 120 HEATED STEERING: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (USD MILLION)
TABLE 121 HEATED STEERING: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (USD MILLION)
10.11 WASTE HEAT RECOVERY
10.11.1 NEW TECHNOLOGIES FOR WASTE HEAT RECOVERY TO DRIVE THE SEGMENT
TABLE 122 WASTE HEAT RECOVERY: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (000 UNITS)
TABLE 123 WASTE HEAT RECOVERY: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (000 UNITS)
TABLE 124 WASTE HEAT RECOVERY: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (USD MILLION)
TABLE 125 WASTE HEAT RECOVERY: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (USD MILLION)
11 AUTOMOTIVE THERMAL SYSTEM MARKET, BY ELECTRIC VEHICLE TYPE (Page No. - 146)
11.1 INTRODUCTION
11.1.1 RESEARCH METHODOLOGY
11.1.2 ASSUMPTIONS
11.1.3 INDUSTRY INSIGHTS
FIGURE 28 AUTOMOTIVE THERMAL SYSTEM MARKET, BY ELECTRIC VEHICLE TYPE, 2021 VS. 2026 (USD MILLION)
TABLE 126 AUTOMOTIVE THERMAL SYSTEM MARKET, BY ELECTRIC VEHICLE TYPE, 20182020 (000 UNITS)
TABLE 127 AUTOMOTIVE THERMAL SYSTEM MARKET, BY ELECTRIC VEHICLE TYPE, 20212026 (000 UNITS)
TABLE 128 AUTOMOTIVE THERMAL SYSTEM MARKET, BY ELECTRIC VEHICLE TYPE, 20182020 (USD MILLION)
TABLE 129 AUTOMOTIVE THERMAL SYSTEM MARKET, BY ELECTRIC VEHICLE TYPE, 20212026 (USD MILLION)
11.2 BATTERY ELECTRIC VEHICLE (BEV)
11.2.1 GOVERNMENT SUBSIDIES AND INVESTMENTS IN CHARGING INFRASTRUCTURE TO DRIVE DEMAND
TABLE 130 TOP-SELLING BEV MODELS & THERMAL SYSTEM APPLICATIONS, 2019
TABLE 131 BEV: THERMAL SYSTEM MARKET, BY REGION, 20182020 (000 UNITS)
TABLE 132 BEV: THERMAL SYSTEM MARKET, BY REGION, 20212026 (000 UNITS)
TABLE 133 BEV: THERMAL SYSTEM MARKET, BY REGION, 20182020 (USD MILLION)
TABLE 134 BEV: THERMAL SYSTEM MARKET, BY REGION, 20212026 (USD MILLION)
11.3 PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV)
11.3.1 BENEFIT OF HIGHER RANGE TO DRIVE DEMAND
TABLE 135 TOP-SELLING PHEV MODELS & THERMAL SYSTEM APPLICATIONS, 2017
TABLE 136 PHEV: THERMAL SYSTEM MARKET, BY REGION, 20182020 (000 UNITS)
TABLE 137 PHEV: THERMAL SYSTEM MARKET, BY REGION, 20212026 (000 UNITS)
TABLE 138 PHEV: THERMAL SYSTEM MARKET, BY REGION, 20182020 (USD MILLION)
TABLE 139 PHEV: THERMAL SYSTEM MARKET, BY REGION, 20212026 (USD MILLION)
11.4 FUEL CELL ELECTRIC VEHICLE (FCEV)
11.4.1 ADVANTAGE OF BETTER FUEL ECONOMY TO DRIVE DEMAND
TABLE 140 TOP-SELLING FCEV MODELS & THERMAL SYSTEM APPLICATIONS, 2019
TABLE 141 FCEV: THERMAL SYSTEM MARKET, BY REGION, 20182020 (000 UNITS)
TABLE 142 FCEV: THERMAL SYSTEM MARKET, BY REGION, 20212026 (000 UNITS)
TABLE 143 FCEV: THERMAL SYSTEM MARKET, BY REGION, 20182020 (USD MILLION)
TABLE 144 FCEV: THERMAL SYSTEM MARKET, BY REGION, 20212026 (USD MILLION)
11.5 48V MILD HYBRID VEHICLE
11.5.1 EMISSION REGULATIONS TO DRIVE DEMAND
TABLE 145 TOP-SELLING 48V MILD HYBRID MODELS & THERMAL SYSTEM APPLICATIONS, 2019
TABLE 146 MILD HYBRID (48V) VEHICLE: THERMAL SYSTEM MARKET, BY REGION, 20182020 (000 UNITS)
TABLE 147 MILD HYBRID (48V) VEHICLE: THERMAL SYSTEM MARKET, BY REGION, 20212026 (000 UNITS)
TABLE 148 MILD HYBRID (48V) VEHICLE: THERMAL SYSTEM MARKET, BY REGION, 20182020 (USD MILLION)
TABLE 149 MILD HYBRID (48V) VEHICLE: THERMAL SYSTEM MARKET, BY REGION, 20212026 (USD MILLION)
12 AUTOMOTIVE THERMAL SYSTEM MARKET, BY COMPONENT (Page No. - 158)
12.1 INTRODUCTION
12.1.1 RESEARCH METHODOLOGY
12.1.2 ASSUMPTIONS
12.1.3 INDUSTRY INSIGHTS
FIGURE 29 AUTOMOTIVE THERMAL SYSTEM MARKET, BY COMPONENT, 2019 VS. 2027 (USD MILLION)
TABLE 150 AUTOMOTIVE THERMAL SYSTEM MARKET, BY COMPONENT, 20182020 (000 UNITS)
TABLE 151 AUTOMOTIVE THERMAL SYSTEM MARKET, BY COMPONENT, 20212026 (000 UNITS)
TABLE 152 AUTOMOTIVE THERMAL SYSTEM MARKET, BY COMPONENT, 20182020 (USD MILLION)
TABLE 153 AUTOMOTIVE THERMAL SYSTEM MARKET, BY COMPONENT, 20212026 (USD MILLION)
12.2 AIR FILTER
12.2.1 DEMAND FOR COMPLEX FLOW GUIDANCE DESIGN TO DRIVE THE SEGMENT
TABLE 154 AIR FILTER MARKET, BY REGION, 20182020 (000 UNITS)
TABLE 155 AIR FILTER MARKET, BY REGION, 20212026 (000 UNITS)
TABLE 156 AIR FILTER MARKET, BY REGION, 20182020 (USD MILLION)
TABLE 157 AIR FILTER MARKET, BY REGION, 20212026 (USD MILLION)
12.3 CONDENSER
12.3.1 FOCUS ON REDUCING POWER CONSUMPTION AND INCREASING FUEL EFFICIENCY TO DRIVE DEMAND
TABLE 158 CONDENSER MARKET, BY REGION, 20182020 (000 UNITS)
TABLE 159 CONDENSER MARKET, BY REGION, 20212026 (000 UNITS)
TABLE 160 CONDENSER MARKET, BY REGION, 20182020 (USD MILLION)
TABLE 161 CONDENSER MARKET, BY REGION, 20212026 (USD MILLION)
12.4 COMPRESSOR
12.4.1 GROWING TREND OF ADVANCED COMFORT AND CONVENIENCE FEATURES TO DRIVE DEMAND
TABLE 162 COMPRESSOR MARKET, BY REGION, 20182020 (000 UNITS)
TABLE 163 COMPRESSOR MARKET, BY REGION, 20212026 (000 UNITS)
TABLE 164 COMPRESSOR MARKET, BY REGION, 20182020 (USD MILLION)
TABLE 165 COMPRESSOR MARKET, BY REGION, 20212026 (USD MILLION)
12.5 WATER PUMP
12.5.1 DEMAND FOR INCREASING ENGINE EFFICIENCY TO DRIVE DEMAND
TABLE 166 WATER PUMP MARKET, BY REGION, 20182020 (000 UNITS)
TABLE 167 WATER PUMP MARKET, BY REGION, 20212026 (000 UNITS)
TABLE 168 WATER PUMP MARKET, BY REGION, 20182020 (USD MILLION)
TABLE 169 WATER PUMP MARKET, BY REGION, 20212026 (USD MILLION)
12.6 MOTOR
12.6.1 BENEFITS LIKE BETTER EFFICIENCY & PERFORMANCE TO DRIVE DEMAND
12.6.1.1 Engine cooling motor
12.6.1.2 Air conditioning motor
TABLE 170 MOTORS MARKET, BY REGION, 20182020 (000 UNITS)
TABLE 171 MOTORS MARKET, BY REGION, 20212026 (000 UNITS)
TABLE 172 MOTORS MARKET, BY REGION, 20182020 (USD MILLION)
TABLE 173 MOTORS MARKET, BY REGION, 20212026 (USD MILLION)
12.7 HEAT EXCHANGER
12.7.1 INCREASING DEMAND FOR ELECTRIC & HYBRID VEHICLES TO DRIVE THE SEGMENT
12.7.1.1 Heat exchanger for engine cooling and transmission
12.7.1.2 Heat exchanger for air conditioning and waste heat recovery
12.7.1.3 Heat exchanger for electric vehicle motor, battery, and power electronics
TABLE 174 HEAT EXCHANGER MARKET, BY REGION, 20182020 (000 UNITS)
TABLE 175 HEAT EXCHANGER MARKET, BY REGION, 20212026 (000 UNITS)
TABLE 176 HEAT EXCHANGER MARKET, BY REGION, 20182020 (USD MILLION)
TABLE 177 HEAT EXCHANGER MARKET, BY REGION, 20212026 (USD MILLION)
12.8 HEATER CONTROL UNIT
12.8.1 INCREASING DEMAND FOR MORE LUXURY AND COMFORT TO DRIVE THE SEGMENT
TABLE 178 HEATER CONTROL UNIT MARKET, BY REGION, 20182020 (000 UNITS)
TABLE 179 HEATER CONTROL UNIT MARKET, BY REGION, 20212026 (000 UNITS)
TABLE 180 HEATER CONTROL UNIT MARKET, BY REGION, 20182020 (USD MILLION)
TABLE 181 HEATER CONTROL UNIT MARKET, BY REGION, 20212026 (USD MILLION)
12.9 THERMOELECTRIC GENERATOR
12.9.1 NEED FOR REDUCTION IN FUEL CONSUMPTION TO DRIVE DEMAND
TABLE 182 THERMOELECTRIC GENERATOR MARKET, BY REGION, 20182020 (000 UNITS)
TABLE 183 THERMOELECTRIC GENERATOR MARKET, BY REGION, 20212026 (000 UNITS)
TABLE 184 THERMOELECTRIC GENERATOR MARKET, BY REGION, 20182020 (USD MILLION)
TABLE 185 THERMOELECTRIC GENERATOR MARKET, BY REGION, 20212026 (USD MILLION)
12.10 ELECTRIC COMPRESSOR
12.10.1 DEMAND FOR ENVIRONMENT-FRIENDLY TECHNOLOGIES AND OPTIMAL PASSENGER TO DRIVE THE SEGMENT
TABLE 186 ELECTRIC COMPRESSOR MARKET, BY REGION, 20182020 (000 UNITS)
TABLE 187 ELECTRIC COMPRESSOR MARKET, BY REGION, 20212026 (000 UNITS)
TABLE 188 ELECTRIC COMPRESSOR MARKET, BY REGION, 20182020 (USD MILLION)
TABLE 189 ELECTRIC COMPRESSOR MARKET, BY REGION, 20212026 (USD MILLION)
12.11 ELECTRIC WATER PUMP
12.11.1 GROWTH OF ELECTRIC & HYBRID VEHICLES TO DRIVE DEMAND
TABLE 190 ELECTRIC WATER PUMP MARKET, BY REGION, 20182020 (000 UNITS)
TABLE 191 ELECTRIC WATER PUMP MARKET, BY REGION, 20212026 (000 UNITS)
TABLE 192 ELECTRIC WATER PUMP MARKET, BY REGION, 20182020 (USD MILLION)
TABLE 193 ELECTRIC WATER PUMP MARKET, BY REGION, 20212026 (USD MILLION)
12.12 ELECTRIC MOTOR
12.12.1 HUGE INVESTMENTS IN ELECTRIC AND HYBRID VEHICLES TO DRIVE DEMAND
12.12.1.1 Engine cooling electric motor
12.12.1.2 Air conditioning electric motor
TABLE 194 ELECTRIC MOTORS MARKET, BY REGION, 20182020 (000 UNITS)
TABLE 195 ELECTRIC MOTORS MARKET, BY REGION, 20212026 (000 UNITS)
TABLE 196 ELECTRIC MOTORS MARKET, BY REGION, 20182020 (USD MILLION)
TABLE 197 ELECTRIC MOTORS MARKET, BY REGION, 20212026 (USD MILLION)
12.13 EGR VALVE
12.13.1 INCREASING STRINGENCY IN FUEL CONSUMPTION AND EMISSION NORMS TO DRIVE DEMAND
TABLE 198 EGR VALVE MARKET, BY REGION, 20182020 (000 UNITS)
TABLE 199 EGR VALVE MARKET, BY REGION, 20212026 (000 UNITS)
TABLE 200 EGR VALVE MARKET, BY REGION, 20182020 (USD MILLION)
TABLE 201 EGR VALVE MARKET, BY REGION, 20212026 (USD MILLION)
12.14 A/C VALVE
12.14.1 DEMAND FOR EFFICIENT CABIN CLIMATE CONTROL TECHNOLOGIES TO DRIVE THE SEGMENT
TABLE 202 A/C VALVE MARKET, BY REGION, 20182020 (000 UNITS)
TABLE 203 A/C VALVE MARKET, BY REGION, 20212026 (000 UNITS)
TABLE 204 A/C VALVE MARKET, BY REGION, 20182020 (USD MILLION)
TABLE 205 A/C VALVE MARKET, BY REGION, 20212026 (USD MILLION)
12.15 OXYGEN SENSOR
12.15.1 GROWING AWARENESS AND NEED TO REDUCE FUEL CONSUMPTION AND EMISSIONS TO DRIVE DEMAND
TABLE 206 OXYGEN SENSOR MARKET, BY REGION, 20182020 (000 UNITS)
TABLE 207 OXYGEN SENSOR MARKET, BY REGION, 20212026 (000 UNITS)
TABLE 208 OXYGEN SENSOR MARKET, BY REGION, 20182020 (USD MILLION)
TABLE 209 OXYGEN SENSOR MARKET, BY REGION, 20212026 (USD MILLION)
12.16 TEMPERATURE SENSOR
12.16.1 GROWING AWARENESS AND NEED FOR THERMAL MANAGEMENT SYSTEMS TO DRIVE DEMAND
TABLE 210 TEMPERATURE SENSOR MARKET, BY REGION, 20182020 (000 UNITS)
TABLE 211 TEMPERATURE SENSOR MARKET, BY REGION, 20212026 (000 UNITS)
TABLE 212 TEMPERATURE SENSOR MARKET, BY REGION, 20182020 (USD MILLION)
TABLE 213 TEMPERATURE SENSOR MARKET, BY REGION, 20212026 (USD MILLION)
12.17 CHARGE AIR COOLER
12.17.1 NEED FOR HIGH POWER ENGINE OUTPUT TO DRIVE DEMAND
TABLE 214 CHARGE AIR COOLER MARKET, BY REGION, 20182020 (000 UNITS)
TABLE 215 CHARGE AIR COOLER MARKET, BY REGION, 20212026 (000 UNITS)
TABLE 216 CHARGE AIR COOLER MARKET, BY REGION, 20182020 (USD MILLION)
TABLE 217 CHARGE AIR COOLER MARKET, BY REGION, 20212026 (USD MILLION)
13 AUTOMOTIVE THERMAL SYSTEM MARKET, BY REGION (Page No. - 193)
13.1 INTRODUCTION
13.1.1 RESEARCH METHODOLOGY
13.1.2 ASSUMPTIONS/LIMITATIONS
13.1.3 INDUSTRY INSIGHTS
FIGURE 30 AUTOMOTIVE THERMAL SYSTEM MARKET, BY REGION, 20212026 (USD MILLION)
TABLE 218 AUTOMOTIVE THERMAL SYSTEM MARKET, BY REGION, 20182020 (000 UNITS)
TABLE 219 AUTOMOTIVE THERMAL SYSTEM MARKET, BY REGION, 20212026 (000 UNITS)
TABLE 220 AUTOMOTIVE THERMAL SYSTEM MARKET, BY REGION, 20182020 (USD MILLION)
TABLE 221 AUTOMOTIVE THERMAL SYSTEM MARKET, BY REGION, 20212026 (USD MILLION)
13.2 ASIA PACIFIC
FIGURE 31 ASIA PACIFIC AUTOMOTIVE THERMAL SYSTEM MARKET SNAPSHOT
TABLE 222 ASIA PACIFIC: AUTOMOTIVE THERMAL SYSTEM MARKET, BY COUNTRY, 20182020 (000 UNITS)
TABLE 223 ASIA PACIFIC: AUTOMOTIVE THERMAL SYSTEM MARKET, BY COUNTRY, 20212026 (000 UNITS)
TABLE 224 ASIA PACIFIC: AUTOMOTIVE THERMAL SYSTEM MARKET, BY COUNTRY, 20182020 (USD MILLION)
TABLE 225 ASIA PACIFIC: AUTOMOTIVE THERMAL SYSTEM MARKET, BY COUNTRY, 20212026 (USD MILLION)
13.2.1 CHINA
13.2.1.1 Booming passenger vehicle demand to drive the market
13.2.1.2 China vehicle production data
TABLE 226 CHINA VEHICLE PRODUCTION, 20182021 (000 UNITS)
TABLE 227 CHINA: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (000 UNITS)
TABLE 228 CHINA: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (000 UNITS)
TABLE 229 CHINA: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (USD MILLION)
TABLE 230 CHINA: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (USD MILLION)
13.2.2 INDIA
13.2.2.1 Growth in vehicle sales and demand for comfort features to drive the market
13.2.2.2 India vehicle production data
TABLE 231 INDIA: VEHICLE PRODUCTION, 20182021 (000 UNITS)
TABLE 232 INDIA: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (000 UNITS)
TABLE 233 INDIA: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (000 UNITS)
TABLE 234 INDIA: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (USD MILLION)
TABLE 235 INDIA: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (USD MILLION)
13.2.3 JAPAN
13.2.3.1 Advanced technology features in cabin comfort to drive the market
13.2.3.2 Japan vehicle production data
TABLE 236 JAPAN VEHICLE PRODUCTION, 20182021 (000 UNITS)
TABLE 237 JAPAN: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (000 UNITS)
TABLE 238 JAPAN: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (000 UNITS)
TABLE 239 JAPAN: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (USD MILLION)
TABLE 240 JAPAN: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (USD MILLION)
13.2.4 SOUTH KOREA
13.2.4.1 Demand for luxury cars to drive the market
13.2.4.2 South Korea vehicle production data
TABLE 241 SOUTH KOREA VEHICLE PRODUCTION, 20182021 (000 UNITS)
TABLE 242 SOUTH KOREA: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (000 UNITS)
TABLE 243 SOUTH KOREA: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20172027 (000 UNITS)
TABLE 244 SOUTH KOREA: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (USD MILLION)
TABLE 245 SOUTH KOREA: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (USD MILLION)
13.2.5 THAILAND
13.2.5.1 Growing demand for automotive components to drive the market
13.2.5.2 Thailand vehicle production data
TABLE 246 THAILAND VEHICLE PRODUCTION, 20182021 (000 UNITS)
TABLE 247 THAILAND: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (000 UNITS)
TABLE 248 THAILAND: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (000 UNITS)
TABLE 249 THAILAND: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (USD MILLION)
TABLE 250 THAILAND: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (USD MILLION)
13.2.6 REST OF ASIA PACIFIC
13.2.6.1 Rest of Asia Pacific vehicle production data
TABLE 251 REST OF ASIA PACIFIC VEHICLE PRODUCTION, 20182021 (000 UNITS)
TABLE 252 REST OF ASIA PACIFIC: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (000 UNITS)
TABLE 253 REST OF ASIA PACIFIC: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (000 UNITS)
TABLE 254 REST OF ASIA PACIFIC: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (USD MILLION)
TABLE 255 REST OF ASIA PACIFIC: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (USD MILLION)
13.3 EUROPE
FIGURE 32 EUROPEAN AUTOMOTIVE THERMAL SYSTEM MARKET SNAPSHOT
TABLE 256 EUROPE: AUTOMOTIVE THERMAL SYSTEM MARKET, BY COUNTRY, 20182020 (000 UNITS)
TABLE 257 EUROPE: AUTOMOTIVE THERMAL SYSTEM MARKET, BY COUNTRY, 20212026 (000 UNITS)
TABLE 258 EUROPE: AUTOMOTIVE THERMAL SYSTEM MARKET, BY COUNTRY, 20182020 (USD MILLION)
TABLE 259 EUROPE: AUTOMOTIVE THERMAL SYSTEM MARKET, BY COUNTRY, 20212026 (USD MILLION)
13.3.1 GERMANY
13.3.1.1 High demand for premium cars to drive the market
13.3.1.2 Germany vehicle production data
TABLE 260 GERMANY VEHICLE PRODUCTION, 20182021 (000 UNITS)
TABLE 261 GERMANY: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (000 UNITS)
TABLE 262 GERMANY: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (000 UNITS)
TABLE 263 GERMANY: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (USD MILLION)
TABLE 264 GERMANY: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (USD MILLION)
13.3.2 FRANCE
13.3.2.1 Increase in production of hybrid vehicles and demand for advanced comfort features to drive the market
13.3.2.2 France vehicle production data
TABLE 265 FRANCE VEHICLE PRODUCTION, 20182021 (000 UNITS)
TABLE 266 FRANCE: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (000 UNITS)
TABLE 267 FRANCE: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (000 UNITS)
TABLE 268 FRANCE: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (USD MILLION)
TABLE 269 FRANCE: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (USD MILLION)
13.3.3 UK
13.3.3.1 Strict emission norms to drive the market
13.3.3.2 UK vehicle production data
TABLE 270 UK VEHICLE PRODUCTION, 20182021 (000 UNITS)
TABLE 271 UK: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (000 UNITS)
TABLE 272 UK: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (000 UNITS)
TABLE 273 UK: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (USD MILLION)
TABLE 274 UK: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (USD MILLION)
13.3.4 SPAIN
13.3.4.1 Increase in production of passenger cars to drive the market
13.3.4.2 Spain vehicle production data
TABLE 275 SPAIN VEHICLE PRODUCTION, 20182021 (000 UNITS)
TABLE 276 SPAIN: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (000 UNITS)
TABLE 277 SPAIN: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (000 UNITS)
TABLE 278 SPAIN: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (USD MILLION)
TABLE 279 SPAIN: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (USD MILLION)
13.3.5 ITALY
13.3.5.1 Presence of premium vehicle manufacturers to drive the market
13.3.5.2 Italy vehicle production data
TABLE 280 ITALY VEHICLE PRODUCTION, 20182021 (000 UNITS)
TABLE 281 ITALY: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (000 UNITS)
TABLE 282 ITALY: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (000 UNITS)
TABLE 283 ITALY: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (USD MILLION)
TABLE 284 ITALY: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (USD MILLION)
13.3.6 RUSSIA
13.3.6.1 Increasing sales of passenger cars to drive the market
13.3.6.2 Russia vehicle production data
TABLE 285 RUSSIA: VEHICLE PRODUCTION, 20182021 (000 UNITS)
TABLE 286 RUSSIA: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (000 UNITS)
TABLE 287 RUSSIA: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (000 UNITS)
TABLE 288 RUSSIA: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (USD MILLION)
TABLE 289 RUSSIA: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (USD MILLION)
13.3.7 REST OF EUROPE
13.3.7.1 Rest of Europe vehicle production data
TABLE 290 REST OF EUROPE VEHICLE PRODUCTION, 20182021 (000 UNITS)
TABLE 291 REST OF EUROPE: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (000 UNITS)
TABLE 292 REST OF EUROPE: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (000 UNITS)
TABLE 293 REST OF EUROPE: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (USD MILLION)
TABLE 294 REST OF EUROPE: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (USD MILLION)
13.4 NORTH AMERICA
FIGURE 33 NORTH AMERICAN AUTOMOTIVE THERMAL SYSTEM MARKET SNAPSHOT
TABLE 295 NORTH AMERICA: AUTOMOTIVE THERMAL SYSTEM MARKET, BY COUNTRY, 20182020 (000 UNITS)
TABLE 296 NORTH AMERICA: AUTOMOTIVE THERMAL SYSTEM MARKET, BY COUNTRY, 20212026 (000 UNITS)
TABLE 297 NORTH AMERICA: AUTOMOTIVE THERMAL SYSTEM MARKET, BY COUNTRY, 20182020 (USD MILLION)
TABLE 298 NORTH AMERICA: AUTOMOTIVE THERMAL SYSTEM MARKET, BY COUNTRY, 20212026 (USD MILLION)
13.4.1 US
13.4.1.1 High demand for green vehicles and advanced features in luxury vehicles to drive the market
13.4.1.2 US vehicle production data
TABLE 299 US VEHICLE PRODUCTION, 20182021 (000 UNITS)
TABLE 300 US: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (000 UNITS)
TABLE 301 US: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (000 UNITS)
TABLE 302 US: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (USD MILLION)
TABLE 303 US: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (USD MILLION)
13.4.2 CANADA
13.4.2.1 Government policies and regulatory standards to drive the market
13.4.2.2 Canada vehicle production data
TABLE 304 CANADA VEHICLE PRODUCTION, 20182021 (000 UNITS)
TABLE 305 CANADA: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (000 UNITS)
TABLE 306 CANADA: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (000 UNITS)
TABLE 307 CANADA: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (USD MILLION)
TABLE 308 CANADA: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (USD MILLION)
13.4.3 MEXICO
13.4.3.1 Advanced technologies regarding thermal system solutions to drive the market
13.4.3.2 Mexico vehicle production data
TABLE 309 MEXICO VEHICLE PRODUCTION, 20182021 (000 UNITS)
TABLE 310 MEXICO: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (000 UNITS)
TABLE 311 MEXICO: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (000 UNITS)
TABLE 312 MEXICO: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (USD MILLION)
TABLE 313 MEXICO: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (USD MILLION)
13.5 ROW
FIGURE 34 ROW: AUTOMOTIVE THERMAL SYSTEM MARKET, 20212026 (USD MILLION)
TABLE 314 ROW: AUTOMOTIVE THERMAL SYSTEM MARKET, BY COUNTRY, 20182020 (000 UNITS)
TABLE 315 ROW: AUTOMOTIVE THERMAL SYSTEM MARKET, BY COUNTRY, 20212026 (000 UNITS)
TABLE 316 ROW: AUTOMOTIVE THERMAL SYSTEM MARKET, BY COUNTRY, 20182020 (USD MILLION)
TABLE 317 ROW: AUTOMOTIVE THERMAL SYSTEM MARKET, BY COUNTRY, 20212026 (USD MILLION)
13.5.1 BRAZIL
13.5.1.1 Presence of major automotive companies to drive the market
13.5.1.2 Brazil vehicle production data
TABLE 318 BRAZIL VEHICLE PRODUCTION, 20182021 (000 UNITS)
TABLE 319 BRAZIL: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (000 UNITS)
TABLE 320 BRAZIL: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (000 UNITS)
TABLE 321 BRAZIL: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (USD MILLION)
TABLE 322 BRAZIL: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (USD MILLION)
13.5.2 ARGENTINA
13.5.2.1 Emission policies for passenger cars to drive the market
13.5.2.2 Argentina vehicle production data
TABLE 323 ARGENTINA VEHICLE PRODUCTION, 20182021 (000 UNITS)
TABLE 324 ARGENTINA: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (000 UNITS)
TABLE 325 ARGENTINA: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (000 UNITS)
TABLE 326 ARGENTINA: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (USD MILLION)
TABLE 327 ARGENTINA: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (USD MILLION)
13.5.3 IRAN
13.5.3.1 Heavy investments in automotive sector to drive the market
13.5.3.2 Iran vehicle production data
TABLE 328 IRAN VEHICLE PRODUCTION, 20182021 (000 UNITS)
TABLE 329 IRAN: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (000 UNITS)
TABLE 330 RAN: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (000 UNITS)
TABLE 331 IRAN: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (USD MILLION)
TABLE 332 IRAN: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (USD MILLION)
13.5.4 REST OF ROW
13.5.4.1 Rest of RoW vehicle production data
TABLE 333 REST OF ROW VEHICLE PRODUCTION, 20182021 (000 UNITS)
TABLE 334 REST OF ROW: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (000 UNITS)
TABLE 335 REST OF ROW: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (000 UNITS)
TABLE 336 REST OF ROW: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20182020 (USD MILLION)
TABLE 337 REST OF ROW: AUTOMOTIVE THERMAL SYSTEM MARKET, BY APPLICATION, 20212026 (USD MILLION)
14 COMPETITIVE LANDSCAPE (Page No. - 257)
14.1 OVERVIEW
14.2 AUTOMOTIVE THERMAL SYSTEM MARKET SHARE ANALYSIS, 2020
TABLE 338 MARKET SHARE ANALYSIS FOR AUTOMOTIVE THERMAL SYSTEM MARKET, 2020
FIGURE 35 AUTOMOTIVE THERMAL SYSTEM MARKET SHARE, 2020
14.3 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS
14.4 COMPETITIVE EVALUATION QUADRANT
14.4.1 TERMINOLOGY
14.4.2 STAR
14.4.3 EMERGING LEADERS
14.4.4 PERVASIVE
14.4.5 PARTICIPANTS
TABLE 339 AUTOMOTIVE THERMAL SYSTEMS MARKET: COMPANY PRODUCT FOOTPRINT, 2020
TABLE 340 AUTOMOTIVE THERMAL SYSTEMS MARKET: COMPANY APPLICATION FOOTPRINT, 2020
TABLE 341 AUTOMOTIVE THERMAL SYSTEMS MARKET: COMPANY REGION FOOTPRINT, 2020
FIGURE 36 AUTOMOTIVE THERMAL SYSTEM MANUFACTURERS: COMPETITIVE EVALUATION MATRIX, 2020
14.5 COMPETITIVE EVALUATION QUADRANT ELECTRIC VEHICLE THERMAL SYSTEM MANUFACTURERS
14.5.1 STAR
14.5.2 EMERGING LEADERS
14.5.3 PERVASIVE
14.5.4 PARTICIPANTS
FIGURE 37 ELECTRIC VEHICLE THERMAL SYSTEM MANUFACTURERS: COMPETITIVE EVALUATION MATRIX, 2020
14.6 COMPETITIVE SCENARIO
14.6.1 NEW PRODUCT LAUNCHES
TABLE 342 PRODUCT LAUNCHES, 20182021
14.6.2 DEALS
TABLE 343 DEALS, 20182021
14.6.3 EXPANSIONS
TABLE 344 EXPANSIONS, 20182021
14.7 KEY PLAYER STRATEGIES/RIGHT TO WIN, 20172021
TABLE 345 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENTS AND EXPANSION AS KEY GROWTH STRATEGIES, 20172021
15 COMPANY PROFILES (Page No. - 276)
15.1 AUTOMOTIVE THERMAL SYSTEM MARKET - KEY PLAYERS
(Business overview, Products offered, Recent Developments, MNM view)*
15.1.1 DENSO CORPORATION
TABLE 346 DENSO CORPORATION: BUSINESS OVERVIEW
FIGURE 38 DENSO CORPORATION: COMPANY SNAPSHOT
TABLE 347 DENSO CORPORATION PRODUCT LAUNCHES
TABLE 348 DENSO CORPORATION DEALS
TABLE 349 DENSO CORPORATION: EXPANSIONS
15.1.2 MAHLE GMBH
TABLE 350 MAHLE GMBH: BUSINESS OVERVIEW
FIGURE 39 MAHLE GMBH: COMPANY SNAPSHOT
TABLE 351 MAHLE GMBH PRODUCT LAUNCHES
TABLE 352 MAHLE GMBH: DEALS
15.1.3 VALEO
TABLE 353 VALEO: BUSINESS OVERVIEW
FIGURE 40 VALEO: COMPANY SNAPSHOT
15.1.4 HANON SYSTEMS
TABLE 354 HANON SYSTEMS: BUSINESS OVERVIEW
FIGURE 41 HANON SYSTEMS: COMPANY SNAPSHOT
TABLE 355 HANON SYSTEMS: DEALS
TABLE 356 HANNON SYSTEMS: EXPANSIONS
15.1.5 BORGWARNER INC.
TABLE 357 BORGWARNER INC.: BUSINESS OVERVIEW
FIGURE 42 BORGWARNER INC.: COMPANY SNAPSHOT
TABLE 358 BORGWARNER INC.: DEALS
TABLE 359 BORGWARNER INC.: EXPANSIONS
15.1.6 GENTHERM
TABLE 360 GENTHERM: BUSINESS OVERVIEW
FIGURE 43 GENTHERM: COMPANY SNAPSHOT
TABLE 361 GENTHERM: DEALS
15.1.7 SCHAEFFLER AG
TABLE 362 SCHAEFFLER AG: BUSINESS OVERVIEW
FIGURE 44 SCHAEFFLER AG: COMPANY SNAPSHOT
TABLE 363 SCHAEFFLER AG: PRODUCT LAUNCHES
TABLE 364 SCHAEFFLER AG: EXPANSIONS
15.1.8 JOHNSON ELECTRIC HOLDINGS LTD.
TABLE 365 JOHNSON ELECTRIC HOLDINGD LTD.: BUSINESS OVERVIEW
FIGURE 45 JOHNSON ELECTRIC HOLDINGS LTD.: COMPANY SNAPSHOT
TABLE 366 JOHNSON ELECTRIC HOLDINGS LTD.: PRODUCT LAUNCHES
15.1.9 DANA LIMITED
TABLE 367 DANA LIMITED: BUSINESS OVERVIEW
FIGURE 46 DANA LIMITED: COMPANY SNAPSHOT
TABLE 368 DANA LIMITED: PRODUCT LAUNCHES
TABLE 369 DANA LIMITED: DEALS
TABLE 370 DANA LTD.: EXPANSIONS
15.1.10 ROBERT BOSCH GMBH
TABLE 371 ROBERT BOSCH GMBH: BUSINESS OVERVIEW
FIGURE 47 ROBERT BOSCH GMBH: COMPANY SNAPSHOT
TABLE 372 ROBERT BOSCH GMBH: PRODUCT LAUNCHES
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
15.2 AUTOMOTIVE THERMAL SYSTEMS MARKET ADDITIONAL PLAYERS
15.2.1 EBERSPΔCHER
TABLE 373 EBERSPΔCHER: COMPANY OVERVIEW
15.2.2 CONTINENTAL AG
TABLE 374 CONTINENTAL AG: COMPANY OVERVIEW
15.2.3 VOSS AUTOMOTIVE INC.
TABLE 375 VOSS AUTOMOTIVE INC.: COMPANY OVERVIEW
15.2.4 GRAYSON THERMAL SYSTEMS
TABLE 376 GRAYSON THERMAL SYSTEMS: COMPANY OVERVIEW
15.2.5 CAPTHERM SYSTEMS
TABLE 377 CAPTHERM SYSTEMS: COMPANY OVERVIEW
15.2.6 DUPONT
TABLE 378 DUPONT: COMPANY OVERVIEW
15.2.7 MODINE MANUFACTURING COMPANY
TABLE 379 MODINE MANUFACTURING COMPANY: COMPANY OVERVIEW
15.2.8 BOYD CORPORATION
TABLE 380 BOYD CORPORATION: COMPANY OVERVIEW
15.2.9 SANDEN HOLDINGS CORPORATION
TABLE 381 SANDEN HOLDINGS CORPORATION: COMPANY OVERVIEW
15.2.10 SANHUA AUTOMOTIVE
TABLE 382 SANHUA AUTOMOTIVE: COMPANY OVERVIEW
15.2.11 SHANDONG HOUFENG GROUP
TABLE 383 SHANDONG HOUFENG GROUP: COMPANY OVERVIEW
16 APPENDIX (Page No. - 330)
16.1 KEY INSIGHTS OF INDUSTRY EXPERTS
16.2 DISCUSSION GUIDE
16.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
16.4 AVAILABLE CUSTOMIZATIONS
16.4.1 ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION COUNTRY-WISE DATA
16.4.1.1 Battery Thermal System
16.4.1.2 Transmission system
16.4.1.3 Engine Cooling
16.4.1.4 Front Air Conditioning
16.4.1.5 Motor Thermal System
16.4.1.6 Power Electronics
16.4.1.7 Rear Air Conditioning
16.4.1.8 Heated/Ventilated Seats
16.4.1.9 Heated Steering
16.4.1.10 Waste Heat Recovery
16.4.2 ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY VEHICLE TYPE COUNTRY WISE DATA
16.4.2.1 BEV
16.4.2.2 PHEV
16.4.2.3 HEV
16.4.2.4 FCEV
16.4.2.5 Mild Hybrid
16.5 RELATED REPORTS
16.6 AUTHOR DETAILS
The study involves four main activities to estimate the current size of the automotive thermal systems market. Exhaustive secondary research was done to collect information on the market, such as product type and application types. The next step was to validate these findings, assumptions, and market analysis with industry experts across value chains through primary research. Bottom-up and Top-down approach was employed to estimate the complete market size for different segments considered under this study. Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.
Secondary Research
Secondary sources referred to in this research study include international automotive thermal system organizations and car wash associations; corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and automotive associations. The secondary data was collected and analyzed to arrive at the overall market size, which is further validated by primary research.
Primary Research
Extensive primary research has been conducted after acquiring an understanding of the automotive thermal system market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand- (OEMs) and supply-side (thermal system integrators and component manufacturers) across major regions, namely, North America, Europe, Asia Pacific, and Rest of the World. Approximately 30% and 70% of primary interviews have been conducted from the demand and supply sides, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, and marketing, to provide a holistic viewpoint in our report.
After interacting with industry participants, we conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the opinions of the in-house subject-matter experts, led us to the findings as described in this report.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The size of the automotive thermal system market, in terms of volume, based on application is derived through bottom-up approach by estimating the country-level production (in units) of passenger cars, LCVs, trucks, and buses. The next step is to identify the various applications of thermal systems in different vehicle types. The country-level penetration of each thermal system application is derived for passenger cars, LCVs, trucks, and buses through secondary sources and is then validated through multiple primary interviews. At the country level, the penetration of each application is multiplied by the vehicle production numbers to estimate the volume of the automotive thermal system market by application (ICE).
The average selling price of thermal systems used in various applications of a vehicle is identified at the country level. It is then multiplied with the volume of the country-level automotive thermal system market by application to derive the country-level market in terms of value. The summation of country-level markets provides the regional-level market in terms of volume and value. Also, through this approach, the vehicle type market has been derived by the summation of the thermal system market by application in terms of value and volume at the regional level for each vehicle type. A similar approach has been used to estimate the electric & hybrid vehicle thermal system market by application and electric vehicle type.
Automotive Thermal Systems Market Size: Bottom-Up Approach
Report Objectives
- To define, describe, and forecast the automotive thermal system market in terms of value (USD million) and volume (thousand units), based on the following segments:
- By Application (ICE) (engine cooling, front air conditioning, rear air conditioning, transmission system, heated/ventilated seats, heated steering, and waste heat recovery)
- By Vehicle Type (passenger car, LCV, truck, and bus)
- By Application (Electric & Hybrid Vehicle) (battery thermal system, transmission system, engine cooling, front air conditioning, motor thermal system, power electronics, rear air conditioning, heated/ventilated seats, heated steering, and waste heat recovery)
- By Electric & Hybrid Vehicle Type (BEV, HEV, PHEV, FCEV, and 48V mild hybrid)
- By Technology (active transmission warmup, exhaust gas recirculation, engine thermal mass reduction, reduced HVAC system loading, and other technologies)
- By Component (air filter, condenser, compressor, water pump, motor, heat exchanger, heater control unit, thermoelectric generator, electric compressor, electric water pump, EGR valve, A/C valve, oxygen sensor, temperature sensor, and charge air cooler)
- By Region (Asia Pacific, Europe, North America, and RoW)
- To understand the market dynamics (drivers, restraints, opportunities, and challenges) of the automotive thermal system market
- To analyze the market ranking and market share of key players operating in the automotive thermal system market
- To understand the dynamics of the automotive thermal system market competitors and distinguish them into visionary leaders, innovators, emerging companies, and dynamic differentiators according to their product portfolio strength and business strategies
- To analyze recent developments, alliances, joint ventures, mergers & acquisitions, new product launches, and other activities carried out by key industry players in the automotive thermal system market.
- To conduct case study analysis, Porters five forces analysis, technology analysis, patent analysis, average premium analysis, and revenue analysis of top 5 players
Available Customizations
Along with the given market data, MarketsandMarkets offers customizations in accordance with the companys specific needs.
Electric & Hybrid Thermal System Market, By Application Country-Wise Data
- 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
Note: North America (US, Canada and Mexico), Europe (France, Germany, Spain, Italy, UK, Russia and Rest of Europe), Asia Pacific (China, India, South Korea, Thailand and Rest of Asia Pacific) and RoW (Iran, Brazil, Argentina and Rest of RoW)
Electric & Hybrid Thermal System Market, By Vehicle Type Country Wise Data
- BEV
- PHEV
- HEV
- FCEV
- Mild Hybrid
Note: North America (US, Canada and Mexico), Europe (France, Germany, Spain, Italy, UK, Russia and Rest of Europe), Asia Pacific (China, India, South Korea, Thailand and Rest of Asia Pacific), and RoW (Iran, Brazil, Argentina and Rest of RoW
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