Global Automotive Thermal Systems Market to reach USD XX Billion by 2027. Global Automotive Thermal Systems Market is valued approximately at USD XX billion in 2020 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2021-2027. Rise in the demand of CO2 reduction and fuel-efficient thermal systems and growing demand for electric vehicles are the factors which are driving the growth of Automotive Thermal Systems market. Furthermore, advancements and developments in mobility solutions will promote the advance thermal system will be anticipating the growth of market in forecasted period. For instance: in May 2021, Hanon Systems has acquired a condenser business from Keihin Corporation for certain operations in Europe and North America. However, low adoption of advanced thermal systems in developing nations may impede market growth over the forecast period of 2021-2027.

Global Automotive Thermal Systems market analysis on basis of region which includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a significant region across the world in terms of market share due to changing consumer preferences and increasing per capita income of population in the region. Whereas Asia Pacific is anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to the huge vehicle production in the region.
Major market player included in this report are:
MAHLE GmbH
Hanon Systems
Aptiv Inc.
Robert Bosch GmbH
Continental AG
ZF Friedrichshafen
BorgWarner
Visteon
Denso Corporation
Delphi Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component
Compressor
HVAC
Powertrain cooling
Fluid transport
By vehicle type
Passenger Car
Light Commercial Vehicle
Bus
Truck
By technology
Active transmission warm up
EGR
Engine thermal mass reduction
Reduced HVAC system loading
Other
By Application
Front & rear A/C
Engine & Transmission
Seat
Steering
Battery
Motor
Power Electronics
Waste Heat Recovery
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Automotive Thermal Systems Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors