Global Thermal System Market Size, Share, Forecast Report, 2020-2027

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The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Thermal System Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Thermal System market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.

Estimated at USD 49.3 billion in 2019, the thermal system market for automotive size is projected to reach USD 64.6 billion by 2027, growing at a CAGR of 3.4% during the forecast period. Growing focus on fuel efficiency, driver comfort, increasing demand for electric vehicles globally and stringency in emission norms to cut down vehicular emissions will drive the demand for thermal system market for automotive.

The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global Thermal System market are included as given below:

The thermal system market for automotive is led by globally established players such as Denso Corporation (Japan), Hanon Systems (South Korea), MAHLE GmbH (Germany), Valeo (France) and BorgWarner (USA).These companies have strong distribution networks at a global level and offer an extensive product range. These companies adopt strategies, such as new product developments, collaborations, and contracts & agreements to sustain their market position.

The global Thermal System market has been segmented as below:

Based on the Application (ICE), the market has been segmented as follows:

Engine Cooling

Front Air Conditioning

Rear Air Conditioning

Transmission System

Heated/Ventilated Seats

Heated Steering

Waste Heat Recovery

Based on the Vehicle Type (ICE), the market has been segmented as follows:

Passenger Cars

LCV

Truck

Bus

Based on Electric & Hybrid Vehicle Application, the market has been segmented as follows:

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, the market has been segmented as follows:

BEV

HEV

PHEV

FCEV

Mild Hybrid

Based on Technology, the market has been segmented as follows:

Active Transmission Warm Up

Exhaust Gas Recirculation

Engine Thermal Mass Reduction

Reduced Hvac System Loading

Other Technologies

Based on Components, the market has been segmented as follows:

Air Filter

Condenser

Compressor

Water-Pump

Motor

Heat Exchanger

Heater Control Unit

Thermoelectric Generator

Electric Compressor

Electric Water Pump

Electric Motor

Based on the region, the market has been segmented as follows:

Asia Pacific

China

India

Japan

South Korea

Thailand

Rest of Asia-Pacific

North America

US

Canada

Mexico

Europe

France

Germany

Italy

Spain

UK

Russia

Rest of Europe

Rest of the World

Brazil

Argentina

Iran

Rest of RoW

Reasons to Purchase this Report:

Estimates Thermal System development trends with SWOT analysis

� Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players

� Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market's expansion

� Market dynamics scenario, along with growth opportunities for players in the years to come

� Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period

� Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects