Automotive Thermal Management System Market 2018 Global Forecast To 2023 Researc

Posted by Abhijeet Bendre on September 25th, 2018

Automotive Thermal Management System Market Research Report – Forecast to 2023 by Component (Compressor, HVAC, Powertrain Cooling, and Fluid Transport), System (Motor, Battery, Cabinet Area), Vehicle Type, Electric Vehicle Type (BEV, PHEV, HEV)–Forecast till 2023.

Market Scenario

A thermal management system is used to control the temperature of various systems in vehicles. Vehicle manufacturers are developing new technologies to improve the vehicle and drivetrain efficiency, and heat loss due to overheating of engines. The improved thermal management system can enhance the efficiency of conventional powertrain and reduce the energy consumption by cooling the passenger cabin. In electric vehicles, thermal management plays a magnificent role in extending the range of vehicles by ensuring comfort for passengers. In conventional internal combustion powertrain, thermal management system includes lubrication for advanced engine and transmission, electrical systems, and hardware and software that are designed to regulate temperature of engine and transmission systems. In passenger cars, thermal management system is used to improve heating, ventilation, and air-conditioning (HVAC), and minimize heat transfer in the system.

The factors that are responsible for the growth of automotive thermal management system market are stringent environmental regulations, innovation in powertrain and passenger comfort technologies, growing sales of electric vehicles, and among others. European automakers are developing various types of technologies such as exhaust-gas recirculation (EGR) cooling, variable mechanical devices, and replacement of mechanical with electric pumps and accessories to improve the efficiency of the thermal management system. Passenger comfort technologies tend to improve the cabin comfort and reduce fuel consumption. The reduced consumption will increase the use of thermal management system in the vehicle, which will drive the market. Also, there has been an increase in the sales of electric vehicles in countries such as China, Japan, and the U.S. The increased sales will result in high demand for thermal management in systems such as motor, battery, cabinet area, and others.

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Abhijeet Bendre

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Abhijeet Bendre
Joined: February 20th, 2018
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