PUNE, India, May 21, 2018 /PRNewswire/ --
According to a new market research report "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", published MarketsandMarkets™, the market is projected to grow at a CAGR of 3.32% from 2018 to 2025, and the market size is estimated to grow from USD 52.69 Billion in 2018 to USD 66.10 Billion by 2025. The market is anticipated to grow owing to various reasons such as the growing vehicle production, shifting focus toward vehicle safety and passenger comfort, and increasing stringency in emission regulations.
Browse 128 market data Tables and 50 Figures spread through 197 Pages and in-depth TOC on "Automotive Thermal Management Market"
Early buyers will receive 10% customization on this report
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.
Ask for PDF brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=228170865
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.
Asia Oceania is estimated to be the leading market for the Automotive Thermal Management Market
The study considers countries such as China, Japan, India, South Korea, and countries in the Asia Oceania region. These countries are witnessing a huge population growth. With the availability of economic labor, lenient regulations for environment and safety, and increased FDI for the automotive industry in countries such as India, and growing demand for vehicles, OEMs, and system/component suppliers have shifted their focus to this region. In this region, the demand for front and rear a/c and ventilated seats is increasing owing to the hot climate compared to other regions. Also, the demand for performance and comfort in vehicles is increasing. Hence, the region is anticipated to have the largest share of the Automotive Thermal Management Market.
The study identifies leading players in the Automotive Thermal Management Market as Denso (Japan), Gentherm (US), MAHLE (Germany), Valeo (France), BorgWarner (US), Dana (US), Calsonic Kansei (Japan), Eberspächer (Germany), Continental (Germany), and Schaeffler (Germany). These companies collectively account for a major share of the Automotive Thermal Management Market.
Know more about the Automotive Thermal Management Market
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
630 Dundee Road
Northbrook, IL 60062
Visit Our Blog: http://mnmblog.org/market-research/automotive-transportation
Connect with us on LinkedIn: http://www.linkedin.com/company/marketsandmarkets