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Thermal System Market

Thermal System - Global Market Outlook (2018-2027)

4.8 (41 reviews)
Published: February 2020 ID: SMRC18959
4.8 (41 reviews)
Published: February 2020 ID: SMRC18959

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Thermal System Market is accounted for $47.04 billion in 2018 and is expected to reach $71.74 billion by 2027 growing at a CAGR of 4.8% during the forecast period. Some of the key factors influencing the market growth include growing focus on fuel efficiency, driver comfort, increasing demand for electric vehicles globally and stringency in emission norms to cut down vehicular emissions. However, the high cost of thermal system technology is restraining market growth.

The thermal system monitors and regulates the working temperature of various automobile components such as motor, battery, cabinet area, and others, increasing their efficiency and preventing breakdown. In addition, this system maintains the desired temperature level in automobile, thereby enhancing user comfort level. 

Amongst application, waste heat recovery segment is estimated to be the significant growing segment for automotive thermal system market in the forecast period owing to the strict emission regulations globally. Currently, the penetration of a waste heat recovery system is significant in heavy commercial vehicles. The high emission of CO2 associated with automobiles raises serious concerns out environmental sustainability. The automotive industry is developing cost-efficient methods to utilize waste heat and reduce greenhouse gas emissions. 

By Geography, Government incentives to popularize electric vehicles, implementation of emission norms such as China VI, BS-VI in China and India respectively are making the Asia Pacific market attractive for thermal systems. The growing vehicle production in the Asia-Pacific region, with India and China emerging as automotive part manufacturing hubs for the suppliers, is expected to drive the market for the thermal system in this region. 

Some of the key players in global Thermal System market are MAHLE GmbH, Hanon Systems, Schaeffler AG, Denso Corporation, Dana Limited, Gentherm, Magma International Inc., Robert Bosch GmbH, Borgwarner Inc., Johnson Electric Holdings Ltd., Boyd Corporation, Dupont, Continental AG, Delphi Automotive PLC, Hyundai Motor Company, ZF Friedrichshafen AG, General Motors Company, Ford Motor Company, Sanden Holdings Corporation, and Grayson Thermal Systems. 

Vehicle Types Covered:
• Internal Combustion Engine (ICE)
• Electric & Hybrid

Technologies Covered:
• Reduced Heating, Ventilation, and Air Conditioning (HVAC) System Loading 
• Active Transmission Warm-Up 
• Exhaust Gas Recirculation 
• Engine Thermal Mass Reduction 

Components Covered:
• Condenser 
• Water-Pump 
• Heater Control Unit 
• Air Filter 
• Compressor 
• Motor 
• Electric Compressor 
• Thermoelectric Generator 
• Heat Exchanger 
• Electric Water Pump 
• Electric Motor 

Applications Covered:
• Waste Heat Recovery  
• Transmission System  
• Rear Air Conditioning  
• Power Electronics  
• Motor Thermal System  
• Heated/Ventilated Seats  
• Heated Steering  
• Front Air Conditioning  
• Engine Cooling  
• Battery Thermal System 
 
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand      
o South Korea       
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary       
        
2 Preface       

 2.1 Abstract      
 2.2 Stake Holders      
 2.3 Research Scope      
 2.4 Research Methodology      
  2.4.1 Data Mining     
  2.4.2 Data Analysis     
  2.4.3 Data Validation     
  2.4.4 Research Approach     
 2.5 Research Sources      
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions     
        
3 Market Trend Analysis       
 3.1 Introduction      
 3.2 Drivers      
 3.3 Restraints      
 3.4 Opportunities      
 3.5 Threats      
 3.6 Technology Analysis      
 3.7 Application Analysis      
 3.8 Emerging Markets      
 3.9 Futuristic Market Scenario      
        
4 Porters Five Force Analysis       
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers      
 4.3 Threat of substitutes      
 4.4 Threat of new entrants      
 4.5 Competitive rivalry      
        
5 Global Thermal System Market, By Vehicle Type       
 5.1 Introduction      
 5.2 Internal Combustion Engine (ICE)      
  5.2.1 Truck     
  5.2.2 Passenger Cars     
  5.2.3 Bus     
  5.2.4 Light Commercial Vehicles (LCVs)     
 5.3 Electric & Hybrid      
  5.3.1 Hybrid Electric Vehicle (HEV)     
  5.3.2 Fuel Cell Electric Vehicle (FCEV)      
  5.3.3 Battery Electric Vehicle (BEV)     
  5.3.4 Plug-in Hybrid Electric Vehicle (PHEV)     
  5.3.5 Mild Hybrid Vehicle     
        
6 Global Thermal System Market, By Technology       
 6.1 Introduction      
 6.2 Reduced Heating, Ventilation, and Air Conditioning (HVAC) System Loading      
 6.3 Active Transmission Warm-Up      
 6.4 Exhaust Gas Recirculation      
 6.5 Engine Thermal Mass Reduction      
        
7 Global Thermal System Market, By Component       
 7.1 Introduction      
 7.2 Condenser      
 7.3 Water-Pump      
 7.4 Heater Control Unit      
 7.5 Air Filter      
 7.6 Compressor      
 7.7 Motor      
 7.8 Electric Compressor      
 7.9 Thermoelectric Generator      
 7.10 Heat Exchanger      
 7.11 Electric Water Pump      
 7.12 Electric Motor      
        
8 Global Thermal System Market, By Application        
 8.1 Introduction      
 8.2 Waste Heat Recovery      
 8.3 Transmission System      
 8.4 Rear Air Conditioning      
 8.5 Power Electronics      
 8.6 Motor Thermal System      
 8.7 Heated/Ventilated Seats      
 8.8 Heated Steering      
 8.9 Front Air Conditioning      
 8.10 Engine Cooling      
 8.11 Battery Thermal System      
        
9 Global Thermal System Market, By Geography       
 9.1 Introduction      
 9.2 North America      
  9.2.1 US     
  9.2.2 Canada     
  9.2.3 Mexico     
 9.3 Europe      
  9.3.1 Germany     
  9.3.2 UK     
  9.3.3 Italy     
  9.3.4 France     
  9.3.5 Spain     
  9.3.6 Rest of Europe     
 9.4 Asia Pacific      
  9.4.1 Japan     
  9.4.2 China     
  9.4.3 India     
  9.4.4 Australia     
  9.4.5 New Zealand     
  9.4.6 South Korea     
  9.4.7 Rest of Asia Pacific     
 9.5 South America      
  9.5.1 Argentina     
  9.5.2 Brazil     
  9.5.3 Chile     
  9.5.4 Rest of South America     
 9.6 Middle East & Africa      
  9.6.1 Saudi Arabia     
  9.6.2 UAE     
  9.6.3 Qatar     
  9.6.4 South Africa     
  9.6.5 Rest of Middle East & Africa     
        
10 Key Developments       
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures      
 10.2 Acquisitions & Mergers      
 10.3 New Product Launch      
 10.4 Expansions      
 10.5 Other Key Strategies      
        
11 Company Profiling       
 11.1 MAHLE GmbH      
 11.2 Hanon Systems      
 11.3 Schaeffler AG      
 11.4 Denso Corporation      
 11.5 Dana Limited      
 11.6 Gentherm      
 11.7 Magma International Inc.      
 11.8 Robert Bosch GmbH      
 11.9 Borgwarner Inc.      
 11.10 Johnson Electric Holdings Ltd.      
 11.11 Boyd Corporation      
 11.12 Dupont      
 11.13 Continental AG      
 11.14 Delphi Automotive PLC      
 11.15 Hyundai Motor Company      
 11.16 ZF Friedrichshafen AG      
 11.17 General Motors Company      
 11.18 Ford Motor Company      
 11.19 Sanden Holdings Corporation      
 11.20 Grayson Thermal Systems


List of Tables        
1 Global Thermal System Market Outlook, By Region (2017-2027) ($MN)       
2 Global Thermal System Market Outlook, By Vehicle Type (2017-2027) ($MN)       
3 Global Thermal System Market Outlook, By Internal Combustion Engine (ICE) (2017-2027) ($MN)       
4 Global Thermal System Market Outlook, By Truck (2017-2027) ($MN)       
5 Global Thermal System Market Outlook, By Passenger Cars (2017-2027) ($MN)       
6 Global Thermal System Market Outlook, By Bus (2017-2027) ($MN)       
7 Global Thermal System Market Outlook, By Light Commercial Vehicles (LCVs) (2017-2027) ($MN)       
8 Global Thermal System Market Outlook, By Electric & Hybrid (2017-2027) ($MN)       
9 Global Thermal System Market Outlook, By Hybrid Electric Vehicle (HEV) (2017-2027) ($MN)       
10 Global Thermal System Market Outlook, By Fuel Cell Electric Vehicle (FCEV) (2017-2027) ($MN)       
11 Global Thermal System Market Outlook, By Battery Electric Vehicle (BEV) (2017-2027) ($MN)       
12 Global Thermal System Market Outlook, By Plug-in Hybrid Electric Vehicle (PHEV) (2017-2027) ($MN)       
13 Global Thermal System Market Outlook, By Mild Hybrid Vehicle (2017-2027) ($MN)       
14 Global Thermal System Market Outlook, By Technology (2017-2027) ($MN)       
15 Global Thermal System Market Outlook, By Reduced Heating, Ventilation, and Air Conditioning (HVAC) System Loading (2017-2027) ($MN)       
16 Global Thermal System Market Outlook, By Active Transmission Warm-Up (2017-2027) ($MN)       
17 Global Thermal System Market Outlook, By Exhaust Gas Recirculation (2017-2027) ($MN)       
18 Global Thermal System Market Outlook, By Engine Thermal Mass Reduction (2017-2027) ($MN)       
19 Global Thermal System Market Outlook, By Component (2017-2027) ($MN)       
20 Global Thermal System Market Outlook, By Condenser (2017-2027) ($MN)       
21 Global Thermal System Market Outlook, By Water-Pump (2017-2027) ($MN)       
22 Global Thermal System Market Outlook, By Heater Control Unit (2017-2027) ($MN)       
23 Global Thermal System Market Outlook, By Air Filter (2017-2027) ($MN)       
24 Global Thermal System Market Outlook, By Compressor (2017-2027) ($MN)       
25 Global Thermal System Market Outlook, By Motor (2017-2027) ($MN)       
26 Global Thermal System Market Outlook, By Electric Compressor (2017-2027) ($MN)       
27 Global Thermal System Market Outlook, By Thermoelectric Generator (2017-2027) ($MN)       
28 Global Thermal System Market Outlook, By Heat Exchanger (2017-2027) ($MN)       
29 Global Thermal System Market Outlook, By Electric Water Pump (2017-2027) ($MN)       
30 Global Thermal System Market Outlook, By Electric Motor (2017-2027) ($MN)       
31 Global Thermal System Market Outlook, By Application (2017-2027) ($MN)       
32 Global Thermal System Market Outlook, By Waste Heat Recovery (2017-2027) ($MN)       
33 Global Thermal System Market Outlook, By Transmission System (2017-2027) ($MN)       
34 Global Thermal System Market Outlook, By Rear Air Conditioning (2017-2027) ($MN)       
35 Global Thermal System Market Outlook, By Power Electronics (2017-2027) ($MN)       
36 Global Thermal System Market Outlook, By Motor Thermal System (2017-2027) ($MN)       
37 Global Thermal System Market Outlook, By Heated/Ventilated Seats (2017-2027) ($MN)       
38 Global Thermal System Market Outlook, By Heated Steering (2017-2027) ($MN)       
39 Global Thermal System Market Outlook, By Front Air Conditioning (2017-2027) ($MN)       
40 Global Thermal System Market Outlook, By Engine Cooling (2017-2027) ($MN)       
41 Global Thermal System Market Outlook, By Battery Thermal System (2017-2027) ($MN)       
        
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.         

 

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