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Report
Thermal Systems Market by Application (Front & Rear A/C, Powertrain, Seat, Steering, Battery, Motor, Power Electronics, Waste Heat Recovery, Sensor), Technology, Components, Vehicle (ICE, Electric, Off-Vehicle & ATV) and Region - Global Forecast to 2027
Market Report I 2022-07-25 I 386 Pages I MarketsandMarkets
The thermal systems market is projected to grow from USD 37.6 billion in 2022 to USD 41.7 billion in 2027, at a CAGR of 2.1%. The market has a promising growth potential due to several factors, such as stringent emission norms across various countries, which would create the importance of powertrain thermal management. The growing demand for premium cars with increased comfort features would require thermal management. Lastly, rising electric vehicle vehicles require effective thermal management for batteries, motors, and other power electronics modules.
With the rising demand for luxury cars, especially high-end full-size SUVs, several thermal systems such as heated steering, heated/ventilated seats, automatic climate control, and rear air conditioning have evolved in terms of technology, comfort, and safety. For instance, to provide sufficient cooling to third-row passengers, OEMs are installing separate rear A/C units in full-size SUVs, and with growing demand, the market for rear-seat air conditioning will also grow. Increasing demand for luxury vehicles would drive the need for advanced thermal systems and features, such as grille shutters, passive cabin ventilation, active cabin ventilation, active seat ventilation, and glass or glazing, which currently have very low penetration.
"Battery Electric vehicles segment would lead the electric & hybrid vehicle thermal systems market."
Stringent emissions regulations have shifted the global focus on electric vehicles, which has resulted in exponential growth of these vehicle types in recent years. An increase in electric vehicle sales has spurred the demand for electric components such as electric compressors, batteries, electric motors, power electronics, and heat exchangers. Also, demand for a higher driving range and fast charging has made battery and motor thermal management an important aspect of electric vehicles. Further, according to a survey of BEV architectures, the industry has been experimenting with combinations of different thermal management concepts such as pre-conditioning of the cabin, air coolant and refrigerant-cooled batteries, heat pumping, collection, and re-use of waste heat, etc. Thus, growing electric vehicles sales would fuel the thermal systems market in the coming future
"Waste heat recovery technology to grow at the fastest rate during the forecast period"
Waste heat recovery will be the fastest growing segment under the review period owing to increasing emission regulation stringency, especially in Western Europe and North America. European countries, Turkey, and Israel have made the 'Worldwide Harmonized Light Vehicle Test Procedure (WLTP)' mandatory, which helps to achieve reduced emissions and increased fuel efficiency. Some other countries are expected to join this program in the future, which may fuel the adoption of EGR technology, mainly for compact engines in the years to come. This would create a growth opportunity for using Exhaust gas recirculation (EGR) and Thermoelectric Generator (TEG) in the coming year and bring new business opportunities for thermal system providers
Europe is estimated to be the second largest market for thermal systems market
Europe accounted to be the second largest market for thermal systems. The region has a higher demand for passenger cars, particularly for premium cars (C segment and above). These premium cars are installed with efficient engine cooling, transmission cooling, waste heat recovery systems, advanced HVAC system, heated/ventilated seats, heated steering, etc. These emit less harmful gases, offer enhanced performance, and provide superior cabin comfort to the passengers. With increasing premium car sales, the region's demand for thermal systems is expected to grow. Further, electric & hybrid vehicles also seen a considerable adoption rate in Europe.
According to the Global Electric Vehicle Outlook 2022 publication by IEA, Europe recorded EV sales of 2.3 million units in 2021, with robust growth of about 65% against 2020. Increasing EV sales would positively impact battery thermal and motor thermal management systems. The growing demand for the thermal system will be sufficed by major regional suppliers such as Valeo (France), MAHLE GmbH (Germany), and AKG Group (Germany).
In-depth interviews were conducted with CEOs, marketing directors, other innovation and strategy directors, and executives from various key organizations operating in this market.
- By Company Type: OEMs -25%, Tier 1 - 65% and Tier 2 - 10%
- By Designation: C Level Executives - 15%, Directors - 20%, and Others - 65%
- By Region: Asia Pacific - 50%,Europe - 15%, North America - 30%, RoW- 5%
Denso Corporation (Japan), MAHLE GmbH (Germany), Hanon Systems (South Korea), Valeo SA (France), and BorgWarner Inc. (US) are the leading providers of thermal systems in the global market.
Research Coverage:
The thermal system market is segmented based on application (ICE) (engine cooling, front air conditioning, rear air conditioning, transmission system, heated/ventilated seats, heated steering, waste heat recovery vehicle), vehicle type (passenger car, LCV, truck, and bus), application (Electric and Hybrid Vehicle) (battery thermal system, transmission system, engine cooling, front air conditioning, motor thermal management, power electronics, rear air conditioning, heated/ventilated seats, heated steering, and waste heat recovery) , electric & hybrid vehicle type (BEV, PHEV, FCEV, and 48V mild hybrid), technology (ICE) (active transmission warm up, exhaust gas recirculation, engine thermal mass reduction, reduced HVAC system loading, and other technologies), Component (ICE) (air filter, condenser, compressor, water pump, motor, heat exchanger, heater control unit, thermoelectric generator, electric compressor, electric water pump, EGR valve, A/C valve, oxygen sensor, temperature sensor, and charge air cooler), Component (Electric and Hybrid Vehicle) (air filter, condenser, electric compressor, electric water pump, electric motor, heat exchanger, heater control unit, and thermoelectric generator), Off-highway vehicle by equipment (construction &mining equipment, and farm tractors) , ATV by region (North America, Europe, Asia Pacific, and Rest of the world) and region (Asia Pacific, Europe, North America, and the Rest of the World).
The study also includes an in-depth competitive analysis of the major thermal systems product manufacturers in the market, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall automotive thermal systems market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the market's pulse and provides information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION 52
1.1 STUDY OBJECTIVES 52
1.2 MARKET DEFINITION 53
1.2.1 INCLUSIONS & EXCLUSIONS 53
1.3 MARKET SCOPE 54
1.3.1 MARKETS COVERED 54
FIGURE 1 THERMAL SYSTEMS MARKET FOR AUTOMOTIVE: MARKET SEGMENTATION 54
1.3.2 THERMAL SYSTEMS MARKET, BY REGION 55
1.3.3 YEARS CONSIDERED 55
1.4 CURRENCY CONSIDERED 55
1.5 SUMMARY OF CHANGES 56
1.6 LIMITATIONS 56
1.7 STAKEHOLDERS 56
2 RESEARCH METHODOLOGY 57
2.1 RESEARCH DATA 57
FIGURE 2 THERMAL SYSTEMS MARKET: RESEARCH DESIGN 58
FIGURE 3 RESEARCH DESIGN MODEL 59
2.2 SECONDARY DATA 60
2.2.1 KEY SECONDARY SOURCES FOR VEHICLE PRODUCTION AND ELECTRIC VEHICLE SALES 60
2.2.2 KEY SECONDARY SOURCES FOR MARKET SIZING 60
2.2.3 KEY DATA FROM SECONDARY SOURCES 61
2.3 PRIMARY DATA 62
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS 62
2.3.1 SAMPLING TECHNIQUES & DATA COLLECTION METHODS 63
2.3.2 PRIMARY PARTICIPANTS 63
2.4 MARKET SIZE ESTIMATION 63
FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 64
2.4.1 BOTTOM-UP APPROACH 64
FIGURE 6 BOTTOM-UP APPROACH 65
2.4.2 TOP-DOWN APPROACH 65
FIGURE 7 TOP-DOWN APPROACH 65
2.4.3 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDE 66
2.5 MARKET BREAKDOWN AND DATA TRIANGULATION 67
FIGURE 8 DATA TRIANGULATION 67
2.6 FACTOR ANALYSIS 68
2.7 ASSUMPTIONS & ASSOCIATED RISKS 68
2.7.1 RESEARCH ASSUMPTIONS 68
2.7.2 MARKET ASSUMPTIONS 69
TABLE 1 ASSUMPTIONS, ASSOCIATED RISKS, AND IMPACT 69
2.8 RESEARCH LIMITATIONS 71
3 EXECUTIVE SUMMARY 72
3.1 INTRODUCTION 72
3.2 REPORT SUMMARY 72
FIGURE 9 THERMAL SYSTEMS MARKET, BY APPLICATION (ICE), 2022 VS. 2027 (USD MILLION) 74
4 PREMIUM INSIGHTS 75
4.1 ATTRACTIVE OPPORTUNITIES IN THERMAL SYSTEMS MARKET 75
FIGURE 10 STRINGENT EMISSION NORMS, GROWING PREMIUM VEHICLES, AND RISING DEMAND FOR ELECTRIC VEHICLES TO DRIVE THERMAL SYSTEMS MARKET 75
4.2 THERMAL SYSTEMS MARKET, BY REGION (ICE) 76
FIGURE 11 ASIA PACIFIC EXPECTED TO DOMINATE THERMAL SYSTEMS MARKET 76
4.3 THERMAL SYSTEMS MARKET, BY APPLICATION (ICE) 76
FIGURE 12 FRONT AIR CONDITIONING SEGMENT TO HOLD LARGEST MARKET 76
4.4 THERMAL SYSTEMS MARKET, BY TECHNOLOGY (ICE) 77
FIGURE 13 EGR LED THE TECHNOLOGY MARKET DURING FORECAST PERIOD 77
4.5 THERMAL SYSTEMS MARKET, BY COMPONENT (ICE) 77
FIGURE 14 HEAT EXCHANGER TO HOLD LARGEST SHARE OF COMPONENTS MARKET 77
4.6 THERMAL SYSTEMS MARKET, BY VEHICLE TYPE (ICE) 78
FIGURE 15 PASSENGER CAR SEGMENT PROJECTED TO HOLD LARGEST MARKET 78
4.7 ELECTRIC & HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY APPLICATION 78
FIGURE 16 WASTE HEAT RECOVERY SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 78
4.8 ELECTRIC & HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY COMPONENT 79
FIGURE 17 HEAT EXCHANGER TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 79
4.9 ELECTRIC & HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY VEHICLE TYPE 79
FIGURE 18 BEV SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 79
4.10 OFF-HIGHWAY VEHICLE THERMAL SYSTEMS MARKET, BY EQUIPMENT 80
FIGURE 19 FARM TRACTOR TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD 80
4.11 ALL-TERRAIN VEHICLE THERMAL SYSTEMS MARKET, BY REGION 80
FIGURE 20 NORTH AMERICA TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 80
5 MARKET OVERVIEW 81
5.1 INTRODUCTION 81
5.2 MARKET DYNAMICS 82
FIGURE 21 THERMAL SYSTEMS: MARKET DYNAMICS 82
5.2.1 DRIVERS 82
5.2.1.1 Stringent emission regulations 82
5.2.1.2 Increasing demand for luxury vehicles and integration of advanced thermal management solutions 83
FIGURE 22 E & F SEGMENT VEHICLE PRODUCTION OF KEY PLAYERS, 2016-2021 (THOUSAND UNITS) 83
TABLE 2 ADVANCED THERMAL SYSTEM TECHNOLOGIES OFFERED BY KEY OEMS 84
5.2.2 RESTRAINTS 84
5.2.2.1 High cost 84
TABLE 3 ECONOMIC COMPARISON OF THERMAL SYSTEM TECHNOLOGIES: VALUE VS. COST OF CO2 REDUCTION 85
5.2.3 OPPORTUNITIES 86
5.2.3.1 Advancements in mobility solutions require innovative thermal products 86
5.2.3.2 Growing EV demand 87
FIGURE 23 ELECTRIC AND HYBRID PASSENGER VEHICLE SALES & FORECAST, 2018-2027 ('000 UNITS) 87
5.2.4 CHALLENGES 88
5.2.4.1 Lack of standardization 88
5.2.4.2 Low adoption of advanced thermal systems in developing countries 88
TABLE 4 ADOPTION RATE OF THERMAL SYSTEMS IN PASSENGER CARS IN KEY COUNTRIES 88
5.3 TRENDS/DISRUPTIONS IMPACTING BUYERS 89
FIGURE 24 TRENDS/DISRUPTIONS IMPACTING BUYERS 89
5.4 THERMAL SYSTEMS MARKET SCENARIO 90
FIGURE 25 THERMAL SYSTEMS MARKET SCENARIO, 2018-2027 (USD MILLION) 90
5.4.1 REALISTIC SCENARIO 90
TABLE 5 THERMAL SYSTEMS MARKET (REALISTIC SCENARIO), BY REGION, 2018-2027 (USD BILLION) 90
5.4.2 LOW-IMPACT SCENARIO 91
TABLE 6 THERMAL SYSTEMS MARKET (LOW-IMPACT SCENARIO), BY REGION, 2018-2027 (USD MILLION) 91
5.4.3 HIGH-IMPACT SCENARIO 91
TABLE 7 THERMAL SYSTEMS MARKET (HIGH-IMPACT SCENARIO), BY REGION, 2018-2027 (USD MILLION) 91
5.5 PORTER'S FIVE FORCES ANALYSIS 92
FIGURE 26 PORTER'S FIVE FORCES ANALYSIS 92
TABLE 8 PORTER'S FIVE FORCES ANALYSIS 92
5.5.1 THREAT OF SUBSTITUTES 93
5.5.2 THREAT OF NEW ENTRANTS 93
5.5.3 BARGAINING POWER OF BUYERS 93
5.5.4 BARGAINING POWER OF SUPPLIERS 93
5.5.5 INTENSITY OF COMPETITIVE RIVALRY 93
5.6 THERMAL SYSTEMS MARKET ECOSYSTEM 94
FIGURE 27 THERMAL SYSTEMS MARKET: ECOSYSTEM ANALYSIS 94
TABLE 9 THERMAL SYSTEMS MARKET: ROLE OF COMPANIES IN ECOSYSTEM 94
5.7 SUPPLY CHAIN ANALYSIS 96
FIGURE 28 SUPPLY CHAIN ANALYSIS: THERMAL SYSTEMS MARKET 96
5.8 NORTH AMERICA: KEY THERMAL SYSTEM SUPPLIERS 97
TABLE 10 NORTH AMERICA: KEY THERMAL SYSTEM SUPPLIERS 97
5.9 BUYING CRITERIA 98
FIGURE 29 KEY BUYING CRITERIA FOR TOP 4 COMPONENTS 98
TABLE 11 KEY BUYING CRITERIA FOR TOP 4 COMPONENTS 98
5.10 PRICE ANALYSIS 99
5.10.1 PASSENGER CAR 99
TABLE 12 AVERAGE REGIONAL PRICE TREND: PASSENGER CAR THERMAL SYSTEM COMPONENTS (USD/UNIT), 2021 99
5.10.2 LIGHT COMMERCIAL VEHICLE 99
TABLE 13 AVERAGE REGIONAL PRICE TREND: LIGHT COMMERCIAL VEHICLE THERMAL SYSTEM COMPONENTS (USD/UNIT), 2021 99
5.10.3 TRUCK 100
TABLE 14 AVERAGE REGIONAL PRICE TREND: TRUCK THERMAL SYSTEM COMPONENTS (USD/UNIT), 2021 100
5.11 PATENT ANALYSIS 101
TABLE 15 APPLICATIONS AND PATENTS GRANTED, 2019-2021 101
5.12 CASE STUDY ANALYSIS 105
5.12.1 COOLING SYSTEM MAINTENANCE AND SERVICE CASE STUDY 105
5.12.2 OPTARE CASE STUDY 106
5.12.3 DENSO CORPORATION CASE STUDY 106
5.12.4 GENTHERM AND GM CASE STUDY 106
5.13 TRADE ANALYSIS 107
5.13.1 RADIATORS AND PARTS - IMPORT AND EXPORT DATA, BY COUNTRY, 2017-2021 (USD THOUSAND) 107
TABLE 16 RADIATORS AND PARTS IMPORT TRADE DATA, BY COUNTRY, 2017-2021 107
TABLE 17 RADIATORS AND PARTS EXPORT TRADE DATA, BY COUNTRY, 2017-2021 108
5.13.2 AIR CONDITIONING MACHINES USED IN VEHICLES FOR CABIN - IMPORT AND EXPORT DATA OF, BY COUNTRY, 2017-2021 (USD THOUSAND) 109
TABLE 18 VEHICLE AIR CONDITIONERS IMPORT TRADE DATA, BY COUNTRY, 2017-2021 109
TABLE 19 VEHICLE AIR CONDITIONERS EXPORT TRADE DATA, BY COUNTRY, 2017-2021 110
5.14 REGULATORY LANDSCAPE 110
TABLE 20 EMISSION NORM SPECIFICATIONS IN KEY COUNTRIES FOR PASSENGER CARS 110
5.14.1 EMISSION REGULATIONS 111
5.14.1.1 On-road vehicles 111
TABLE 21 EURO-5 VS. EURO-6 VEHICLE EMISSION STANDARDS ON NEW EUROPEAN DRIVING CYCLE 111
TABLE 22 ON-ROAD VEHICLE EMISSION REGULATION OUTLOOK FOR PASSENGER CARS, 2016-2021 112
FIGURE 30 ON-ROAD VEHICLE EMISSION REGULATION OUTLOOK FOR HEAVY-DUTY VEHICLES, 2014-2025 112
5.14.2 FUEL ECONOMY NORMS 113
5.14.2.1 US 113
TABLE 23 US: CAFE STANDARDS FOR EACH MODEL YEAR IN MILES PER GALLON, 2012-2025 113
5.14.2.2 Europe 113
5.14.2.3 China 114
5.14.2.4 India 114
5.15 REGULATORY BODIES/GOVERNMENT AGENCIES 115
TABLE 24 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 115
TABLE 25 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 116
TABLE 26 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 117
5.16 KEY CONFERENCES & EVENTS IN 2022-2023 118
5.16.1 THERMAL SYSTEMS MARKET: DETAILED LIST OF UPCOMING CONFERENCES & EVENTS 118
5.17 TECHNOLOGY ANALYSIS 119
5.17.1 THERMAL SYSTEMS TECHNOLOGY ANALYSIS 119
5.17.2 PASSENGER COMFORT TECHNOLOGY 119
5.17.3 INDIRECT CHARGE AIR COOLING 120
FIGURE 31 COOLANT CIRCUIT IN INDIRECT CHARGE AIR 120
5.17.4 LIQUID-COOLED CHARGE AIR COOLERS 121
6 THERMAL SYSTEMS MARKET, BY APPLICATION (ICE) 122
6.1 INTRODUCTION 123
6.1.1 RESEARCH METHODOLOGY 123
6.1.2 ASSUMPTIONS 123
6.1.3 INDUSTRY INSIGHTS 124
FIGURE 32 THERMAL SYSTEMS MARKET, BY APPLICATION (ICE), 2022 VS. 2027 (USD MILLION) 124
TABLE 27 THERMAL SYSTEMS MARKET, BY APPLICATION (ICE), 2018-2021 ('000 UNITS) 125
TABLE 28 THERMAL SYSTEMS MARKET, BY APPLICATION (ICE), 2022-2027 ('000 UNITS) 125
TABLE 29 THERMAL SYSTEMS MARKET, BY APPLICATION (ICE), 2018-2021 (USD MILLION) 125
TABLE 30 THERMAL SYSTEMS MARKET, BY APPLICATION (ICE), 2022-2027 (USD MILLION) 126
6.2 ENGINE COOLING 126
6.2.1 ENGINE DOWNSIZING AND DEMAND FOR LOW-EMISSION ENGINES TO DRIVE SEGMENT 126
TABLE 31 ENGINE COOLING: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 126
TABLE 32 ENGINE COOLING: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 127
TABLE 33 ENGINE COOLING: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (MILLION USD) 127
TABLE 34 ENGINE COOLING: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 127
6.3 FRONT AIR CONDITIONING 128
6.3.1 INCREASING DEMAND FOR COMFORT AND ADVANCEMENTS IN TECHNOLOGY TO DRIVE SEGMENT 128
TABLE 35 FRONT AIR CONDITIONING: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 128
TABLE 36 FRONT AIR CONDITIONING: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 128
TABLE 37 FRONT AIR CONDITIONING: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 129
TABLE 38 FRONT AIR CONDITIONING: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 129
6.4 REAR AIR CONDITIONING 129
6.4.1 RISING DEMAND FOR FULL-SIZE SUVS TO DRIVE SEGMENT 129
TABLE 39 REAR AIR CONDITIONING: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 130
TABLE 40 REAR AIR CONDITIONING: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 130
TABLE 41 REAR AIR CONDITIONING: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 130
TABLE 42 REAR AIR CONDITIONING: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 131
6.5 TRANSMISSION SYSTEM 131
6.5.1 GROWING DEMAND FOR AUTOMATIC TRANSMISSION IN DEVELOPING COUNTRIES TO DRIVE SEGMENT 131
TABLE 43 TRANSMISSION SYSTEM: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 131
TABLE 44 TRANSMISSION SYSTEM: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 132
TABLE 45 TRANSMISSION SYSTEM: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 132
TABLE 46 TRANSMISSION SYSTEM: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 132
6.6 HEATED/ VENTILATED SEATS 133
6.6.1 INCREASING DEMAND FOR CABIN COMFORT TO DRIVE SEGMENT 133
TABLE 47 HEATED/ VENTILATED SEATS: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 133
TABLE 48 HEATED VENTILATED SEATS: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 133
TABLE 49 HEATED/ VENTILATED SEATS: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 134
TABLE 50 HEATED/ VENTILATED SEATS: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 134
6.7 HEATED STEERING 134
6.7.1 DEMAND FOR COMFORT FEATURES IN COLD REGIONS TO DRIVE SEGMENT 134
TABLE 51 HEATED STEERING: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 135
TABLE 52 HEATED STEERING: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 135
TABLE 53 HEATED STEERING: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 135
TABLE 54 HEATED STEERING: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 136
6.8 WASTE HEAT RECOVERY 136
6.8.1 EMISSION REGULATIONS AND INCREASING DEMAND FOR HYBRID VEHICLES TO DRIVE SEGMENT 136
TABLE 55 WASTE HEAT RECOVERY: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 136
TABLE 56 WASTE HEAT RECOVERY: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 137
TABLE 57 WASTE HEAT RECOVERY: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 137
TABLE 58 WASTE HEAT RECOVERY: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 137
7 THERMAL SYSTEMS MARKET, BY COMPONENT (ICE) 138
7.1 INTRODUCTION 139
7.1.1 RESEARCH METHODOLOGY 139
7.1.2 ASSUMPTIONS 139
7.1.3 INDUSTRY INSIGHTS 139
FIGURE 33 THERMAL SYSTEMS MARKET, BY COMPONENT, 2022 VS. 2027 (USD MILLION) 140
TABLE 59 THERMAL SYSTEMS MARKET, BY COMPONENT, 2018-2021 ('000 UNITS) 141
TABLE 60 THERMAL SYSTEMS MARKET, BY COMPONENT, 2022-2027 ('000 UNITS) 141
TABLE 61 THERMAL SYSTEMS MARKET, BY COMPONENT, 2018-2021 (USD MILLION) 142
TABLE 62 THERMAL SYSTEMS MARKET, BY COMPONENT, 2022-2027 (USD MILLION) 142
7.2 AIR FILTER 143
7.2.1 DEMAND FOR COMPLEX FLOW GUIDANCE DESIGNS TO DRIVE SEGMENT 143
TABLE 63 AIR FILTER: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 143
TABLE 64 AIR FILTER: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 143
TABLE 65 AIR FILTER: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 143
TABLE 66 AIR FILTER: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 144
7.3 CONDENSER 144
7.3.1 FOCUS ON REDUCING POWER CONSUMPTION AND INCREASING FUEL EFFICIENCY TO DRIVE SEGMENT 144
TABLE 67 CONDENSER: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 144
TABLE 68 CONDENSER: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 145
TABLE 69 CONDENSER: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 145
TABLE 70 CONDENSER: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 145
7.4 COMPRESSOR 146
7.4.1 GROWING TREND OF ADVANCED COMFORT AND CONVENIENCE FEATURES TO DRIVE SEGMENT 146
TABLE 71 COMPRESSOR: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 146
TABLE 72 COMPRESSOR: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 146
TABLE 73 COMPRESSOR: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 146
TABLE 74 COMPRESSOR: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 147
7.5 WATER PUMP 147
7.5.1 DEMAND FOR INCREASING ENGINE EFFICIENCY TO DRIVE SEGMENT 147
TABLE 75 WATER PUMP: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 147
TABLE 76 WATER PUMP: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 148
TABLE 77 WATER PUMP: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 148
TABLE 78 WATER PUMP: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 148
7.6 MOTOR 149
7.6.1 BENEFITS LIKE BETTER EFFICIENCY AND PERFORMANCE TO DRIVE SEGMENT 149
TABLE 79 MOTOR: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 149
TABLE 80 MOTOR: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 149
TABLE 81 MOTOR: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 150
TABLE 82 MOTOR: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 150
7.7 HEAT EXCHANGER 150
7.7.1 INCREASING DEMAND FOR ELECTRIC AND HYBRID VEHICLES TO DRIVE SEGMENT 150
TABLE 83 HEAT EXCHANGER: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 151
TABLE 84 HEAT EXCHANGER: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 151
TABLE 85 HEAT EXCHANGER: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 151
TABLE 86 HEAT EXCHANGER: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 152
7.8 HEATER CONTROL 152
7.8.1 INCREASING DEMAND FOR LUXURY AND COMFORT TO DRIVE SEGMENT 152
TABLE 87 HEATER CONTROL: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 152
TABLE 88 HEATER CONTROL: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 153
TABLE 89 HEATER CONTROL: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 153
TABLE 90 HEATER CONTROL: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 153
7.9 THERMOELECTRIC GENERATOR 154
7.9.1 NEED FOR REDUCTION IN FUEL CONSUMPTION TO DRIVE SEGMENT 154
TABLE 91 THERMOELECTRIC GENERATOR: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 154
TABLE 92 THERMOELECTRIC GENERATOR: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 154
TABLE 93 THERMOELECTRIC GENERATOR: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 154
TABLE 94 THERMOELECTRIC GENERATOR: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 155
7.10 EGR VALVE 155
7.10.1 STRINGENT FUEL CONSUMPTION AND EMISSION NORMS TO DRIVE SEGMENT 155
TABLE 95 EGR VALVE: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 155
TABLE 96 EGR VALVE: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 156
TABLE 97 EGR VALVE: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 156
TABLE 98 EGR VALVE: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 156
7.11 A/C VALVE 157
7.11.1 DEMAND FOR EFFICIENT CABIN CLIMATE CONTROL TECHNOLOGIES TO DRIVE SEGMENT 157
TABLE 99 A/C VALVE: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 157
TABLE 100 A/C VALVE: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 157
TABLE 101 A/C VALVE: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 157
TABLE 102 A/C VALVE: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 158
7.12 OXYGEN SENSOR 158
7.12.1 GROWING ENVIRONMENTAL AWARENESS TO DRIVE SEGMENT 158
TABLE 103 OXYGEN SENSOR: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 158
TABLE 104 OXYGEN SENSOR: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 159
TABLE 105 OXYGEN SENSOR: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 159
TABLE 106 OXYGEN SENSOR: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 159
7.13 TEMPERATURE SENSOR 160
7.13.1 NEED FOR MEASURING HIGH TEMPERATURES TO DRIVE SEGMENT 160
TABLE 107 TEMPERATURE SENSOR: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 160
TABLE 108 TEMPERATURE SENSOR: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 160
TABLE 109 TEMPERATURE SENSOR: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 161
TABLE 110 TEMPERATURE SENSOR: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 161
7.14 CHARGE AIR COOLER 161
7.14.1 NEED FOR HIGH-POWER ENGINE OUTPUT TO DRIVE SEGMENT 161
TABLE 111 CHARGE AIR COOLER: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 162
TABLE 112 CHARGE AIR COOLER: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 162
TABLE 113 CHARGE AIR COOLER: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 162
TABLE 114 CHARGE AIR COOLER: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 163
8 AUTOMOTIVE THERMAL SYSTEMS MARKET, BY TECHNOLOGY (ICE) 164
8.1 INTRODUCTION 165
8.1.1 RESEARCH METHODOLOGY 165
8.1.2 ASSUMPTIONS 165
8.1.3 INDUSTRY INSIGHTS 166
FIGURE 34 THERMAL SYSTEMS MARKET, BY TECHNOLOGY, 2022 VS. 2027 ('000 UNITS) 166
TABLE 115 AUTOMOTIVE THERMAL SYSTEMS MARKET, BY TECHNOLOGY, 2018-2021 ('000 UNITS) 166
TABLE 116 AUTOMOTIVE THERMAL SYSTEMS MARKET, BY TECHNOLOGY, 2022-2027 ('000 UNITS) 167
8.2 ACTIVE TRANSMISSION WARM UP 167
8.2.1 FUEL ECONOMY AND FASTER TRANSMISSION TECHNOLOGY TO DRIVE SEGMENT 167
TABLE 117 ACTIVE TRANSMISSION WARM UP: AUTOMOTIVE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 167
TABLE 118 ACTIVE TRANSMISSION WARM UP: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 168
8.3 EGR 168
8.3.1 INCREASED ADOPTION OF SCR SYSTEMS TO RESTRAIN SEGMENT 168
TABLE 119 EGR: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 168
TABLE 120 EGR: AUTOMOTIVE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 169
8.4 ENGINE THERMAL MASS REDUCTION 169
8.4.1 DEMAND FOR FUEL-EFFICIENT VEHICLES TO DRIVE SEGMENT 169
TABLE 121 ENGINE THERMAL MASS REDUCTION: AUTOMOTIVE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 169
TABLE 122 ENGINE THERMAL MASS REDUCTION: AUTOMOTIVE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 170
8.5 REDUCED HVAC SYSTEM LOADING 170
8.5.1 DEMAND FOR ENHANCED CABIN COMFORT TO DRIVE SEGMENT 170
TABLE 123 REDUCED HVAC SYSTEM LOADING: AUTOMOTIVE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 170
TABLE 124 REDUCED HVAC SYSTEM LOADING: AUTOMOTIVE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 171
8.6 OTHER TECHNOLOGIES 171
TABLE 125 OTHER TECHNOLOGIES: AUTOMOTIVE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 171
TABLE 126 OTHER TECHNOLOGIES: AUTOMOTIVE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 172
9 THERMAL SYSTEMS MARKET, BY VEHICLE TYPE (ICE) 173
9.1 INTRODUCTION 174
9.1.1 RESEARCH METHODOLOGY 174
9.1.2 ASSUMPTIONS 175
9.1.3 INDUSTRY INSIGHTS 175
FIGURE 35 THERMAL SYSTEMS MARKET, BY VEHICLE TYPE (ICE), 2022 VS. 2027 (USD MILLION) 175
TABLE 127 THERMAL SYSTEMS MARKET, BY VEHICLE TYPE (ICE), 2018-2021 ('000 UNITS) 175
TABLE 128 THERMAL SYSTEMS MARKET, BY VEHICLE TYPE (ICE), 2022-2027 ('000 UNITS) 176
TABLE 129 THERMAL SYSTEMS MARKET, BY VEHICLE TYPE (ICE), 2018-2021 (USD MILLION) 176
TABLE 130 THERMAL SYSTEMS MARKET, BY VEHICLE TYPE (ICE), 2022-2027 (USD MILLION) 176
9.2 PASSENGER CAR 177
9.2.1 NEED FOR FUEL EFFICIENCY TO DRIVE SEGMENT 177
TABLE 131 PASSENGER CAR: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 177
TABLE 132 PASSENGER CAR: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 177
TABLE 133 PASSENGER CAR: THERMAL SYSTEMS MARKET, 2018-2021 (USD MILLION) 178
TABLE 134 PASSENGER CAR: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 178
9.3 LIGHT COMMERCIAL VEHICLE (LCV) 178
9.3.1 HIGH DEMAND IN NORTH AMERICA TO DRIVE SEGMENT 178
TABLE 135 LIGHT COMMERCIAL VEHICLE: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 179
TABLE 136 LIGHT COMMERCIAL VEHICLE: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 179
TABLE 137 LIGHT COMMERCIAL VEHICLE: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 179
TABLE 138 LIGHT COMMERCIAL VEHICLE: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 180
9.4 TRUCK 180
9.4.1 GROWTH OF LARGE-SCALE INDUSTRIES, LOGISTICS, AND CONSTRUCTION TO DRIVE SEGMENT 180
TABLE 139 TRUCK: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 180
TABLE 140 TRUCK: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 181
TABLE 141 TRUCK: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 181
TABLE 142 TRUCK: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 181
9.5 BUS 182
9.5.1 HIGH DEPENDENCY ON PUBLIC TRANSPORT TO DRIVE SEGMENT 182
TABLE 143 BUS: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 182
TABLE 144 BUS: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 182
TABLE 145 BUS: THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 182
TABLE 146 BUS: THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 183
10 ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY APPLICATION 184
10.1 INTRODUCTION 185
10.1.1 RESEARCH METHODOLOGY 185
10.1.2 ASSUMPTIONS 185
10.1.3 INDUSTRY INSIGHTS 186
FIGURE 36 ELECTRIC AND HYBRID THERMAL SYSTEMS MARKET, BY APPLICATION, 2022 VS. 2027 (USD MILLION) 186
TABLE 147 ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 ('000 UNITS) 187
TABLE 148 ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 ('000 UNITS) 187
TABLE 149 ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 (USD MILLION) 188
TABLE 150 ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 188
10.2 BATTERY THERMAL MANAGEMENT 189
10.2.1 GOVERNMENT POLICIES FOR ELECTRIC VEHICLES TO DRIVE SEGMENT 189
TABLE 151 BATTERY THERMAL MANAGEMENT: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 189
TABLE 152 BATTERY THERMAL MANAGEMENT: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 189
TABLE 153 BATTERY THERMAL MANAGEMENT: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 190
TABLE 154 BATTERY THERMAL MANAGEMENT: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 190
10.3 TRANSMISSION SYSTEM 190
10.3.1 INCREASED DEMAND FOR AUTOMATIC TRANSMISSION AND CVT TO DRIVE SEGMENT 190
TABLE 155 TRANSMISSION SYSTEM: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 191
TABLE 156 TRANSMISSION SYSTEM: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 191
TABLE 157 TRANSMISSION SYSTEM: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 191
TABLE 158 TRANSMISSION SYSTEM: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 191
10.4 ENGINE COOLING 192
10.4.1 DEMAND FOR EFFICIENT ENGINES TO DRIVE SEGMENT 192
TABLE 159 ENGINE COOLING: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 192
TABLE 160 ENGINE COOLING: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 192
TABLE 161 ENGINE COOLING: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 193
TABLE 162 ENGINE COOLING: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 193
10.5 FRONT AIR CONDITIONING 193
10.5.1 DEMAND FOR COMFORT AND CONVENIENCE TO DRIVE SEGMENT 193
TABLE 163 FRONT AIR CONDITIONING: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 194
TABLE 164 FRONT AIR CONDITIONING: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 194
TABLE 165 FRONT AIR CONDITIONING: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 194
TABLE 166 FRONT AIR CONDITIONING: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 194
10.6 MOTOR THERMAL MANAGEMENT 195
10.6.1 DEMAND FOR ADVANCED ELECTRIC AND HYBRID POWERTRAINS TO DRIVE SEGMENT 195
TABLE 167 MOTOR TYPE USED IN DIFFERENT ELECTRIC VEHICLES 195
TABLE 168 MOTOR THERMAL MANAGEMENT: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 196
TABLE 169 MOTOR THERMAL MANAGEMENT: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 196
TABLE 170 MOTOR THERMAL MANAGEMENT: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 197
TABLE 171 MOTOR THERMAL MANAGEMENT: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 197
10.7 POWER ELECTRONICS 197
10.7.1 DEMAND FOR SMART EMISSION-FREE VEHICLES TO DRIVE SEGMENT 197
TABLE 172 POWER ELECTRONICS: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 198
TABLE 173 POWER ELECTRONICS: ELECTRIC AND HYBRID THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 198
TABLE 174 POWER ELECTRONICS: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 198
TABLE 175 POWER ELECTRONICS: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 198
10.8 REAR AIR CONDITIONING 199
10.8.1 INCREASED DEMAND FOR LUXURY AND MID-SEGMENT VEHICLES TO DRIVE SEGMENT 199
TABLE 176 REAR AIR CONDITIONING: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 199
TABLE 177 REAR AIR CONDITIONING: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 199
TABLE 178 REAR AIR CONDITIONING: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 200
TABLE 179 REAR AIR CONDITIONING: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 200
10.9 HEATED/ VENTILATED SEATS 200
10.9.1 DEMAND FOR CABIN COMFORT FEATURES TO DRIVE SEGMENT 200
TABLE 180 HEATED/VENTILATED SEATS: ELECTRIC AND HYBRID THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 201
TABLE 181 HEATED/VENTILATED SEATS: ELECTRIC AND HYBRID THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 201
TABLE 182 HEATED/VENTILATED SEATS: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 201
TABLE 183 HEATED/VENTILATED SEATS: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 201
10.10 HEATED STEERING 202
10.10.1 DEMAND FOR LUXURY VEHICLES TO DRIVE SEGMENT 202
TABLE 184 HEATED STEERING: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 202
TABLE 185 HEATED STEERING: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 202
TABLE 186 HEATED STEERING: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 202
TABLE 187 HEATED STEERING: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 203
10.11 WASTE HEAT RECOVERY 203
10.11.1 ADVENT OF NEW TECHNOLOGIES TO DRIVE SEGMENT 203
TABLE 188 WASTE HEAT RECOVERY: ELECTRIC AND HYBRID THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 203
TABLE 189 WASTE HEAT RECOVERY: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 203
TABLE 190 WASTE HEAT RECOVERY: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 204
TABLE 191 WASTE HEAT RECOVERY: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 204
11 ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY COMPONENT 205
11.1 INTRODUCTION 206
11.1.1 RESEARCH METHODOLOGY 206
11.1.2 ASSUMPTIONS 206
11.1.3 INDUSTRY INSIGHTS 207
FIGURE 37 ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY COMPONENT, 2022 VS. 2027 (USD MILLION) 207
TABLE 192 ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY COMPONENT, 2018-2021 ('000 UNITS) 208
TABLE 193 ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY COMPONENT, 2022-2027 ('000 UNITS) 208
TABLE 194 ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY COMPONENT, 2018-2021 (USD MILLION) 209
TABLE 195 ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY COMPONENT, 2022-2027 (USD MILLION) 209
11.2 AIR FILTER 210
11.2.1 DEMAND FOR COMPLEX FLOW GUIDANCE DESIGNS TO DRIVE SEGMENT 210
TABLE 196 AIR FILTER: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 210
TABLE 197 AIR FILTER: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 210
TABLE 198 AIR FILTER: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 210
TABLE 199 AIR FILTER: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 211
11.3 CONDENSER 211
11.3.1 FOCUS ON REDUCING POWER CONSUMPTION AND INCREASING FUEL EFFICIENCY TO DRIVE SEGMENT 211
TABLE 200 CONDENSER: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 211
TABLE 201 CONDENSER: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 211
TABLE 202 CONDENSER: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 212
TABLE 203 CONDENSER: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 212
11.4 ELECTRIC COMPRESSOR 212
11.4.1 INCREASING ELECTRIC VEHICLE SALES AND TREND OF ADVANCED COMFORT AND CONVENIENCE FEATURES TO DRIVE SEGMENT 212
TABLE 204 ELECTRIC COMPRESSOR: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 213
TABLE 205 ELECTRIC COMPRESSOR: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 213
TABLE 206 ELECTRIC COMPRESSOR: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 213
TABLE 207 ELECTRIC COMPRESSOR: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 213
11.5 ELECTRIC WATER PUMP 214
11.5.1 DEMAND FOR FUEL-EFFICIENT VEHICLES TO DRIVE SEGMENT 214
TABLE 208 ELECTRIC WATER PUMP: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 214
TABLE 209 ELECTRIC WATER PUMP: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 214
TABLE 210 ELECTRIC WATER PUMP: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 215
TABLE 211 ELECTRIC WATER PUMP: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 215
11.6 HEAT EXCHANGER 215
11.6.1 GROWING NEED FOR LONG RANGE AND FAST CHARGING TO DRIVE SEGMENT 215
TABLE 212 HEAT EXCHANGER: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 216
TABLE 213 HEAT EXCHANGER: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 216
TABLE 214 HEAT EXCHANGER: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 216
TABLE 215 HEAT EXCHANGER: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 216
11.7 HEATER CONTROL 217
11.7.1 INCREASING DEMAND FOR LUXURY AND COMFORT TO DRIVE SEGMENT 217
TABLE 216 HEATER CONTROL: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 217
TABLE 217 HEATER CONTROL: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 217
TABLE 218 HEATER CONTROL: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 217
TABLE 219 HEATER CONTROL: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 218
11.8 ELECTRIC MOTOR 218
11.8.1 BENEFITS LIKE LOW MAINTENANCE AND ZERO-EMISSION TO DRIVE SEGMENT 218
TABLE 220 ELECTRIC MOTOR: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 218
TABLE 221 ELECTRIC MOTOR: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 219
TABLE 222 ELECTRIC MOTOR: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 219
TABLE 223 ELECTRIC MOTOR: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 219
11.9 THERMOELECTRIC GENERATOR 220
11.9.1 NEED FOR REDUCTION IN FUEL CONSUMPTION TO DRIVE SEGMENT 220
TABLE 224 THERMOELECTRIC GENERATOR: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 220
TABLE 225 THERMOELECTRIC GENERATOR: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 220
TABLE 226 THERMOELECTRIC GENERATOR: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 220
TABLE 227 THERMOELECTRIC GENERATOR: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 221
12 ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY VEHICLE TYPE 222
12.1 INTRODUCTION 223
12.1.1 RESEARCH METHODOLOGY 223
12.1.2 ASSUMPTIONS 223
12.1.3 INDUSTRY INSIGHTS 224
FIGURE 38 ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY VEHICLE TYPE, 2022 VS. 2027 (USD MILLION) 224
TABLE 228 ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY VEHICLE TYPE, 2018-2021 ('000 UNITS) 224
TABLE 229 ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY VEHICLE TYPE, 2022-2027 ('000 UNITS) 225
TABLE 230 ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY VEHICLE TYPE, 2018-2021 (USD MILLION) 225
TABLE 231 ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY VEHICLE TYPE, 2022-2027 (USD MILLION) 225
12.2 BATTERY ELECTRIC VEHICLE (BEV) 226
12.2.1 GOVERNMENT SUBSIDIES AND INVESTMENTS IN CHARGING INFRASTRUCTURE TO DRIVE SEGMENT 226
TABLE 232 BEV: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 226
TABLE 233 BEV: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 226
TABLE 234 BEV: ELECTRIC AND HYBRID THERMAL SYSTEMS MARKET, 2018-2021 (USD MILLION) 226
TABLE 235 BEV: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 227
12.3 PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV) 227
12.3.1 BENEFIT OF HIGHER RANGE TO DRIVE SEGMENT 227
TABLE 236 PHEV: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 227
TABLE 237 PHEV: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 228
TABLE 238 PHEV: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 228
TABLE 239 PHEV: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 228
12.4 FUEL CELL ELECTRIC VEHICLE (FCEV) 229
12.4.1 ADVANTAGE OF BETTER FUEL ECONOMY TO DRIVE SEGMENT 229
TABLE 240 FCEV: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 229
TABLE 241 FCEV: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 229
TABLE 242 FCEV: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 229
TABLE 243 FCEV: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 230
12.5 48V MILD-HYBRID 230
12.5.1 EMISSION REGULATIONS TO DRIVE SEGMENT 230
TABLE 244 MILD-HYBRID (48V): ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 231
TABLE 245 MILD-HYBRID (48V): ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 231
TABLE 246 MILD-HYBRID (48V): ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 231
TABLE 247 MILD-HYBRID (48V): ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 231
12.6 ELECTRIC COMMERCIAL VEHICLE 232
12.6.1 GOVERNMENT SUPPORT FOR ZERO-EMISSION TRANSPORTATION TO DRIVE SEGMENT 232
TABLE 248 ELECTRIC COMMERCIAL VEHICLE: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 232
TABLE 249 ELECTRIC COMMERCIAL VEHICLE: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 232
TABLE 250 ELECTRIC COMMERCIAL VEHICLE: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 233
TABLE 251 ELECTRIC COMMERCIAL VEHICLE: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 233
13 OFF-HIGHWAY THERMAL SYSTEMS MARKET, BY EQUIPMENT TYPE 234
13.1 INTRODUCTION 235
13.1.1 RESEARCH METHODOLOGY 235
13.1.2 ASSUMPTIONS 235
13.1.3 INDUSTRY INSIGHTS 236
FIGURE 39 OFF-HIGHWAY THERMAL SYSTEMS MARKET, BY EQUIPMENT TYPE, 2022 VS. 2027 (USD MILLION) 236
TABLE 252 OFF-HIGHWAY THERMAL SYSTEMS MARKET, BY EQUIPMENT TYPE, 2018-2021 ('000 UNITS) 236
TABLE 253 OFF-HIGHWAY THERMAL SYSTEMS MARKET, BY EQUIPMENT TYPE, 2022-2027 ('000 UNITS) 236
TABLE 254 OFF-HIGHWAY THERMAL SYSTEMS MARKET, BY EQUIPMENT TYPE, 2018-2021 (USD MILLION) 237
TABLE 255 OFF-HIGHWAY THERMAL SYSTEMS MARKET, BY EQUIPMENT TYPE, 2022-2027 (USD MILLION) 237
13.2 CONSTRUCTION AND MINING EQUIPMENT 237
13.2.1 INCREASED CONSTRUCTION ACTIVITIES AND INDUSTRIAL DEVELOPMENT PROJECTS TO DRIVE SEGMENT 237
TABLE 256 CONSTRUCTION AND MINING EQUIPMENT THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 237
TABLE 257 CONSTRUCTION AND MINING EQUIPMENT THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 238
TABLE 258 CONSTRUCTION AND MINING EQUIPMENT THERMAL SYSTEMS MARKET, 2018-2021 (USD MILLION) 238
TABLE 259 CONSTRUCTION AND MINING EQUIPMENT THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 238
13.3 FARM TRACTOR 239
13.3.1 ADOPTION OF MECHANIZED FARMING TO DRIVE SEGMENT 239
TABLE 260 FARM TRACTOR THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 239
TABLE 261 FARM TRACTOR THERMAL SYSTEMS MARKET, 2022-2027 ('000 UNITS) 239
TABLE 262 FARM TRACTOR THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 240
TABLE 263 FARM TRACTOR THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 240
14 ALL-TERRAIN VEHICLE (ATV) THERMAL SYSTEMS MARKET, BY REGION 241
14.1 INTRODUCTION 242
14.1.1 RESEARCH METHODOLOGY 242
14.1.2 ASSUMPTIONS 243
14.1.3 INDUSTRY INSIGHTS 243
FIGURE 40 ALL-TERRAIN VEHICLE THERMAL SYSTEMS MARKET, 2022 VS. 2027 (USD MILLION) 243
TABLE 264 ALL-TERRAIN VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 244
TABLE 265 ALL-TERRAIN VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 244
TABLE 266 ALL-TERRAIN VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 244
TABLE 267 ALL-TERRAIN VEHICLE THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 245
14.2 ELECTRIC ATV 245
14.2.1 DEVELOPMENTS IN BATTERIES AND NEW ELECTRIC MODEL LAUNCHES TO DRIVE MARKET 245
14.3 GASOLINE ATV 245
14.3.1 HIGHER EFFICIENCY AND WIDE APPLICATION AREAS TO DRIVE SEGMENT 245
15 THERMAL SYSTEMS MARKET, BY REGION 246
15.1 INTRODUCTION 247
15.1.1 RESEARCH METHODOLOGY 247
15.1.2 ASSUMPTIONS 247
15.1.3 INDUSTRY INSIGHTS 248
FIGURE 41 THERMAL SYSTEMS MARKET, 2022 VS. 2027 (USD MILLION) 248
TABLE 268 THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 ('000 UNITS) 248
TABLE 269 THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 ('000 UNITS) 249
TABLE 270 THERMAL SYSTEMS MARKET, BY REGION, 2018-2021 (USD MILLION) 249
TABLE 271 THERMAL SYSTEMS MARKET, BY REGION, 2022-2027 (USD MILLION) 249
15.2 ASIA PACIFIC 249
FIGURE 42 ASIA PACIFIC: THERMAL SYSTEMS MARKET SNAPSHOT 250
TABLE 272 ASIA PACIFIC: THERMAL SYSTEMS MARKET, BY COUNTRY, 2018-2021 ('000 UNITS) 251
TABLE 273 ASIA PACIFIC: THERMAL SYSTEMS MARKET, BY COUNTRY, 2022-2027 ('000 UNITS) 251
TABLE 274 ASIA PACIFIC: THERMAL SYSTEMS MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 251
TABLE 275 ASIA PACIFIC: THERMAL SYSTEMS MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 252
15.2.1 CHINA 252
15.2.1.1 High passenger vehicle demand to drive market 252
TABLE 276 CHINA: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 ('000 UNITS) 252
TABLE 277 CHINA: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 ('000 UNITS) 253
TABLE 278 CHINA: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 (USD MILLION) 253
TABLE 279 CHINA: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 254
15.2.2 INDIA 254
15.2.2.1 Growth in vehicle sales and demand for comfort features to drive market 254
TABLE 280 INDIA: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 ('000 UNITS) 255
TABLE 281 INDIA: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 ('000 UNITS) 255
TABLE 282 INDIA: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 (USD MILLION) 255
TABLE 283 INDIA: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 256
15.2.3 JAPAN 256
15.2.3.1 Advanced features in cabin comfort to drive market 256
TABLE 284 JAPAN: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 ('000 UNITS) 256
TABLE 285 JAPAN: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 ('000 UNITS) 257
TABLE 286 JAPAN: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 (USD MILLION) 257
TABLE 287 JAPAN: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 257
15.2.4 SOUTH KOREA 258
15.2.4.1 Demand for luxury cars to drive market 258
TABLE 288 SOUTH KOREA: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 ('000 UNITS) 258
TABLE 289 SOUTH KOREA: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 ('000 UNITS) 258
TABLE 290 SOUTH KOREA: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 (USD MILLION) 259
TABLE 291 SOUTH KOREA: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 259
15.2.5 THAILAND 259
15.2.5.1 Growing demand for automotive components to drive market 259
TABLE 292 THAILAND: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 ('000 UNITS) 260
TABLE 293 THAILAND: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 ('000 UNITS) 260
TABLE 294 THAILAND: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 (USD MILLION) 260
TABLE 295 THAILAND: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 261
15.2.6 REST OF ASIA PACIFIC 261
TABLE 296 REST OF ASIA PACIFIC: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 ('000 UNITS) 261
TABLE 297 REST OF ASIA PACIFIC: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 ('000 UNITS) 262
TABLE 298 REST OF ASIA PACIFIC: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 (USD MILLION) 262
TABLE 299 REST OF ASIA PACIFIC: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 263
15.3 EUROPE 263
FIGURE 43 EUROPE: THERMAL SYSTEMS MARKET, 2022-2027 (USD MILLION) 264
TABLE 300 EUROPE: THERMAL SYSTEMS MARKET, BY COUNTRY, 2018-2021 ('000 UNITS) 264
TABLE 301 EUROPE: THERMAL SYSTEMS MARKET, BY COUNTRY, 2022-2027 ('000 UNITS) 264
TABLE 302 EUROPE: THERMAL SYSTEMS MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 265
TABLE 303 EUROPE: THERMAL SYSTEMS MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 265
15.3.1 GERMANY 265
15.3.1.1 High demand for premium cars to drive market 265
TABLE 304 GERMANY: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 ('000 UNITS) 266
TABLE 305 GERMANY: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 ('000 UNITS) 266
TABLE 306 GERMANY: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 (USD MILLION) 266
TABLE 307 GERMANY: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 267
15.3.2 FRANCE 267
15.3.2.1 Increasing demand for premium comfort features to drive market 267
TABLE 308 FRANCE: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 ('000 UNITS) 267
TABLE 309 FRANCE: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 ('000 UNITS) 268
TABLE 310 FRANCE: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 (USD MILLION) 268
TABLE 311 FRANCE: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 268
15.3.3 UK 269
15.3.3.1 Strict emission norms to drive market 269
TABLE 312 UK: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 ('000 UNITS) 269
TABLE 313 UK: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 ('000 UNITS) 269
TABLE 314 UK: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 (USD MILLION) 270
TABLE 315 UK: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 270
15.3.4 SPAIN 270
15.3.4.1 Increasing production of passenger cars to drive market 270
TABLE 316 SPAIN: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 ('000 UNITS) 271
TABLE 317 SPAIN: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 ('000 UNITS) 271
TABLE 318 SPAIN: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 (USD MILLION) 271
TABLE 319 SPAIN: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 272
15.3.5 ITALY 272
15.3.5.1 Presence of premium vehicle manufacturers to drive market 272
TABLE 320 ITALY: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 ('000 UNITS) 272
TABLE 321 ITALY: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 ('000 UNITS) 273
TABLE 322 ITALY: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 (USD MILLION) 273
TABLE 323 ITALY: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 273
15.3.6 RUSSIA 274
15.3.6.1 Increasing sales of passenger cars to drive market 274
TABLE 324 RUSSIA: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 ('000 UNITS) 274
TABLE 325 RUSSIA: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 ('000 UNITS) 274
TABLE 326 RUSSIA: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 (USD MILLION) 275
TABLE 327 RUSSIA: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 275
15.3.7 REST OF EUROPE 276
TABLE 328 REST OF EUROPE: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 ('000 UNITS) 276
TABLE 329 REST OF EUROPE: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 ('000 UNITS) 276
TABLE 330 REST OF EUROPE: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 (USD MILLION) 277
TABLE 331 REST OF EUROPE: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 277
15.4 NORTH AMERICA 278
FIGURE 44 NORTH AMERICA: THERMAL SYSTEMS MARKET SNAPSHOT 278
TABLE 332 NORTH AMERICA: THERMAL SYSTEMS MARKET, BY COUNTRY, 2018-2021 ('000 UNITS) 279
TABLE 333 NORTH AMERICA: THERMAL SYSTEMS MARKET, BY COUNTRY, 2022-2027 ('000 UNITS) 279
TABLE 334 NORTH AMERICA: THERMAL SYSTEMS MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 279
TABLE 335 NORTH AMERICA: THERMAL SYSTEMS MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 279
15.4.1 US 280
15.4.1.1 High demand for green vehicles to drive market 280
TABLE 336 US: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 ('000 UNITS) 280
TABLE 337 US: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 ('000 UNITS) 280
TABLE 338 US: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 (USD MILLION) 281
TABLE 339 US: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 281
15.4.2 CANADA 282
15.4.2.1 Government policies and regulatory standards to drive market 282
TABLE 340 CANADA: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 ('000 UNITS) 282
TABLE 341 CANADA: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 ('000 UNITS) 282
TABLE 342 CANADA: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 (USD MILLION) 283
TABLE 343 CANADA: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 283
15.4.3 MEXICO 283
15.4.3.1 Advanced thermal system solutions to drive market 283
TABLE 344 MEXICO: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 ('000 UNITS) 284
TABLE 345 MEXICO: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 ('000 UNITS) 284
TABLE 346 MEXICO: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 (USD MILLION) 284
TABLE 347 MEXICO: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 285
15.5 ROW 285
FIGURE 45 ROW: THERMAL SYSTEMS MARKET, 2021-2026 (USD MILLION) 286
TABLE 348 ROW: THERMAL SYSTEMS MARKET, BY COUNTRY, 2018-2021 ('000 UNITS) 286
TABLE 349 ROW: THERMAL SYSTEMS MARKET, BY COUNTRY, 2022-2027 ('000 UNITS) 286
TABLE 350 ROW: THERMAL SYSTEMS MARKET, BY COUNTRY, 2018-2021 (USD MILLION) 287
TABLE 351 ROW: THERMAL SYSTEMS MARKET, BY COUNTRY, 2022-2027 (USD MILLION) 287
15.5.1 IRAN 287
15.5.1.1 Heavy investments in automotive sector to drive market 287
TABLE 352 IRAN: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 ('000 UNITS) 287
TABLE 353 IRAN: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 ('000 UNITS) 288
TABLE 354 IRAN: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 (USD MILLION) 288
TABLE 355 IRAN: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 288
15.5.2 BRAZIL 289
15.5.2.1 Presence of major automotive companies to drive market 289
TABLE 356 BRAZIL: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 ('000 UNITS) 289
TABLE 357 BRAZIL: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 ('000 UNITS) 289
TABLE 358 BRAZIL: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 (USD MILLION) 290
TABLE 359 BRAZIL: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 290
15.5.3 ARGENTINA 290
15.5.3.1 Production of commercial vehicles to drive market 290
TABLE 360 ARGENTINA: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 ('000 UNITS) 291
TABLE 361 ARGENTINA: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 ('000 UNITS) 291
TABLE 362 ARGENTINA: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 (USD MILLION) 291
TABLE 363 ARGENTINA: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 292
15.5.4 OTHERS 292
TABLE 364 REST OF WORLD: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 ('000 UNITS) 292
TABLE 365 REST OF WORLD: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 ('000 UNITS) 293
TABLE 366 REST OF WORLD: THERMAL SYSTEMS MARKET, BY APPLICATION, 2018-2021 (USD MILLION) 293
TABLE 367 REST OF WORLD: THERMAL SYSTEMS MARKET, BY APPLICATION, 2022-2027 (USD MILLION) 294
16 RECOMMENDATIONS BY MARKETSANDMARKETS 295
16.1 ASIA PACIFIC WILL BE MAJOR MARKET FOR THERMAL SYSTEMS 295
16.2 ELECTRIC & HYBRID VEHICLE THERMAL SYSTEM APPLICATIONS CAN BE KEY FOCUS AREA FOR MANUFACTURERS 295
16.3 CONCLUSION 296
17 COMPETITIVE LANDSCAPE 297
17.1 OVERVIEW 297
17.2 THERMAL SYSTEMS MARKET SHARE ANALYSIS, 2021 297
TABLE 368 MARKET SHARE ANALYSIS FOR THERMAL SYSTEMS MARKET, 2021 297
FIGURE 46 THERMAL SYSTEMS MARKET SHARE ANALYSIS, 2021 298
17.3 NORTH AMERICA THERMAL SYSTEMS MARKET RANKING ANALYSIS, (TOP PLAYERS) 2021 299
17.3.1 FRONT & REAR AIR CONDITIONING: NORTH AMERICA MARKET RANKING AND KEY PLAYERS 299
TABLE 369 FRONT & REAR AIR CONDITIONING: NORTH AMERICA MARKET RANKING AND KEY PLAYERS, 2021 299
17.3.2 ENGINE COOLING: NORTH AMERICA MARKET RANKING AND KEY PLAYERS 300
TABLE 370 ENGINE COOLING: NORTH AMERICA MARKET RANKING AND KEY PLAYERS, 2021 300
17.3.3 BATTERY COOLING: NORTH AMERICA MARKET RANKING AND KEY PLAYERS 301
TABLE 371 BATTERY COOLING: NORTH AMERICA MARKET RANKING AND KEY PLAYERS, 2021 301
17.3.4 EGR SYSTEM: NORTH AMERICA MARKET RANKING AND KEY PLAYERS 301
TABLE 372 EGR SYSTEM: NORTH AMERICA MARKET RANKING AND KEY PLAYERS, 2021 301
17.3.5 HEATED/VENTILATED SEATS: NORTH AMERICA MARKET RANKING 302
TABLE 373 HEATED/VENTILATED SEATS: NORTH AMERICA MARKET RANKING, 2021 302
17.4 REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS 302
17.5 COMPETITIVE EVALUATION QUADRANT - THERMAL SYSTEM MANUFACTURERS 303
17.5.1 TERMINOLOGY 303
17.5.2 STARS 303
17.5.3 EMERGING LEADERS 304
17.5.4 PERVASIVE COMPANIES 304
17.5.5 PARTICIPANTS 304
TABLE 374 THERMAL SYSTEMS MARKET: COMPANY PRODUCT FOOTPRINT, 2021 304
TABLE 375 THERMAL SYSTEMS MARKET: COMPANY APPLICATION FOOTPRINT, 2021 305
TABLE 376 THERMAL SYSTEMS MARKET: COMPANY REGION FOOTPRINT, 2021 305
FIGURE 47 THERMAL SYSTEM MANUFACTURERS: COMPETITIVE EVALUATION MATRIX, 2021 306
17.6 COMPETITIVE EVALUATION QUADRANT: ELECTRIC AND HYBRID VEHICLE THERMAL SYSTEM MANUFACTURERS 307
17.6.1 STARS 307
17.6.2 EMERGING LEADERS 307
17.6.3 PERVASIVE COMPANIES 307
17.6.4 PARTICIPANTS 307
FIGURE 48 ELECTRIC VEHICLE THERMAL SYSTEM MANUFACTURERS: COMPETITIVE EVALUATION MATRIX, 2021 308
17.7 COMPETITIVE SCENARIO 309
17.7.1 NEW PRODUCT LAUNCHES 309
TABLE 377 PRODUCT LAUNCHES, 2020- 2022 309
17.7.2 DEALS 311
TABLE 378 DEALS, 2020-2022 311
17.7.3 EXPANSIONS 313
TABLE 379 EXPANSIONS, 2020-2022 313
17.8 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2018-2022 315
TABLE 380 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENTS AND EXPANSION AS KEY GROWTH STRATEGIES, 2018-2022 315
18 COMPANY PROFILES 317
(Business overview, Products offered, Recent Developments, MNM view)*
18.1 THERMAL SYSTEMS MARKET - KEY PLAYERS 317
18.1.1 DENSO CORPORATION 317
TABLE 381 DENSO CORPORATION: BUSINESS OVERVIEW 317
FIGURE 49 DENSO CORPORATION: COMPANY SNAPSHOT 318
TABLE 382 DENSO CORPORATION - PRODUCT LAUNCHES 320
TABLE 383 DENSO CORPORATION- DEALS 322
TABLE 384 DENSO CORPORATION: EXPANSIONS 322
18.1.2 MAHLE GMBH 324
TABLE 385 MAHLE GMBH: BUSINESS OVERVIEW 324
FIGURE 50 MAHLE GMBH: COMPANY SNAPSHOT 325
TABLE 386 MAHLE GMBH - PRODUCT LAUNCHES 328
TABLE 387 MAHLE GMBH: DEALS 329
TABLE 388 MAHLE GMBH: EXPANSIONS 330
18.1.3 VALEO SA 332
TABLE 389 VALEO SA: BUSINESS OVERVIEW 332
FIGURE 51 VALEO: COMPANY SNAPSHOT 333
18.1.4 HANON SYSTEMS 336
TABLE 390 HANON SYSTEMS: BUSINESS OVERVIEW 336
FIGURE 52 HANON SYSTEMS: COMPANY SNAPSHOT 336
TABLE 391 HANON SYSTEMS: DEALS 339
TABLE 392 HANNON SYSTEMS: EXPANSIONS 341
18.1.5 BORGWARNER INC. 344
TABLE 393 BORGWARNER INC.: BUSINESS OVERVIEW 344
FIGURE 53 BORGWARNER INC.: COMPANY SNAPSHOT 345
TABLE 394 BORGWARNER - PRODUCT LAUNCHES 347
TABLE 395 BORGWARNER INC.: DEALS 348
TABLE 396 BORGWARNER INC.: EXPANSIONS 350
18.1.6 GENTHERM INC. 352
TABLE 397 GENTHERM: BUSINESS OVERVIEW 352
FIGURE 54 GENTHERM: COMPANY SNAPSHOT 353
TABLE 398 GENTHERM - PRODUCT LAUNCHES 355
TABLE 399 GENTHERM: DEALS 355
18.1.7 SCHAEFFLER AG 357
TABLE 400 SCHAEFFLER AG: BUSINESS OVERVIEW 357
FIGURE 55 SCHAEFFLER AG: COMPANY SNAPSHOT 358
TABLE 401 SCHAEFFLER AG: PRODUCT LAUNCHES 359
TABLE 402 SCHAEFFLER AG: EXPANSIONS 360
18.1.8 JOHNSON ELECTRIC HOLDINGS LTD. 361
TABLE 403 JOHNSON ELECTRIC HOLDINGS: BUSINESS OVERVIEW 361
FIGURE 56 JOHNSON ELECTRIC HOLDINGS: COMPANY SNAPSHOT 362
TABLE 404 JOHNSON ELECTRIC HOLDINGS LTD.: PRODUCT LAUNCHES 363
18.1.9 DANA LIMITED 364
TABLE 405 DANA LIMITED: BUSINESS OVERVIEW 364
FIGURE 57 DANA LIMITED: COMPANY SNAPSHOT 365
TABLE 406 DANA LIMITED: PRODUCT LAUNCHES 367
TABLE 407 DANA LIMITED: DEALS 367
TABLE 408 DANA LTD.: EXPANSIONS 369
18.1.10 ROBERT BOSCH GMBH 370
TABLE 409 ROBERT BOSCH GMBH: BUSINESS OVERVIEW 370
FIGURE 58 ROBERT BOSCH GMBH: COMPANY SNAPSHOT 371
TABLE 410 ROBERT BOSCH GMBH: PRODUCT LAUNCHES 372
18.2 THERMAL SYSTEMS MARKET - ADDITIONAL PLAYERS 373
18.2.1 EBERSPACHER 373
TABLE 411 EBERSPACHER: COMPANY OVERVIEW 373
18.2.2 CONTINENTAL AG 374
TABLE 412 CONTINENTAL AG: COMPANY OVERVIEW 374
18.2.3 VOSS AUTOMOTIVE GMBH 375
TABLE 413 VOSS AUTOMOTIVE GMBH: COMPANY OVERVIEW 375
18.2.4 GRAYSON THERMAL SYSTEMS 376
TABLE 414 GRAYSON THERMAL SYSTEMS: COMPANY OVERVIEW 376
18.2.5 CAPTHERM SYSTEMS 377
TABLE 415 CAPTHERM SYSTEMS: COMPANY OVERVIEW 377
18.2.6 DUPONT 378
TABLE 416 DUPONT: COMPANY OVERVIEW 378
18.2.7 BEHR-HELLA THERMOCONTROL GMBH (BHTC) 379
TABLE 417 BEHR-HELLA THERMOCONTROL GMBH (BHTC): COMPANY OVERVIEW 379
18.2.8 BOYD CORPORATION 380
TABLE 418 BOYD CORPORATION: COMPANY OVERVIEW 380
18.2.9 SANDEN HOLDINGS CORPORATION 381
TABLE 419 SANDEN HOLDINGS CORPORATION: COMPANY OVERVIEW 381
18.2.10 SANHUA AUTOMOTIVE 382
TABLE 420 SANHUA AUTOMOTIVE: COMPANY OVERVIEW 382
18.2.11 SHANDONG HOUFENG GROUP 383
TABLE 421 SHANDONG HOUFENG GROUP: COMPANY OVERVIEW 383
18.3 THERMAL SYSTEMS MARKET - ADDITIONAL PLAYERS (NORTH AMERICA) 384
18.3.1 MAGNA INTERNATIONAL 384
TABLE 422 MAGNA INTERNATIONAL: COMPANY OVERVIEW 384
18.3.2 LEAR CORPORATION 385
TABLE 423 LEAR CORPORATION: COMPANY OVERVIEW 385
18.3.3 STANT CORPORATION 385
TABLE 424 STANT CORPORATION: COMPANY OVERVIEW 385
18.3.4 AIR INTERNATIONAL THERMAL SYSTEMS 386
TABLE 425 AIR INTERNATIONAL THERMAL SYSTEMS: COMPANY OVERVIEW 386
18.3.5 MICHIGAN AUTOMOTIVE COMPRESSOR, INC. 387
TABLE 426 MICHIGAN AUTOMOTIVE COMPRESSOR, INC: COMPANY OVERVIEW 387
18.3.6 MODINE MANUFACTURING COMPANY 388
TABLE 427 MODINE MANUFACTURING COMPANY: COMPANY OVERVIEW 388
18.3.7 WELLS VEHICLE ELECTRONICS 389
TABLE 428 WELLS VEHICLE ELECTRONICS: COMPANY OVERVIEW 389
18.3.8 T.RAD NORTH AMERICA, INC. 389
TABLE 429 T.RAD NORTH AMERICA, INC: COMPANY OVERVIEW 389
18.3.9 THERMAL SOLUTION MANUFACTURING, INC. 390
TABLE 430 THERMAL SOLUTIONS MANUFACTURING, INC: COMPANY OVERVIEW 390
18.3.10 AKG THERMAL SYSTEMS INC 391
TABLE 431 AKG THERMAL SYSTEMS: COMPANY OVERVIEW 391
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
19 APPENDIX 392
19.1 KEY INSIGHTS OF INDUSTRY EXPERTS 392
19.2 DISCUSSION GUIDE 393
19.3 KNOWLEDGESTORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 399
19.4 AVAILABLE CUSTOMIZATIONS 401
19.4.1 ELECTRIC & HYBRID THERMAL SYSTEMS MARKET, BY APPLICATION COUNTRY-WISE DATA 401
19.4.1.1 Battery Thermal System 401
19.4.1.2 Transmission system 401
19.4.1.3 Engine Cooling 401
19.4.1.4 Front Air Conditioning 401
19.4.1.5 Motor Thermal System 401
19.4.1.6 Power Electronics 401
19.4.1.7 Rear Air Conditioning 401
19.4.1.8 Heated/Ventilated Seats 401
19.4.1.9 Heated Steering 401
19.4.1.10 Waste Heat Recovery 401
19.4.2 ELECTRIC & HYBRID THERMAL SYSTEMS MARKET, BY VEHICLE TYPE COUNTRY-WISE DATA 401
19.4.2.1 BEV 401
19.4.2.2 PHEV 401
19.4.2.3 FCEV 401
19.5 RELATED REPORTS 402
19.6 AUTHOR DETAILS 403
- Not Sure / Need Reassuring
- Confirm Content
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Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
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- Sample Pages
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With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
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- Check for Alternatives
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Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
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- Confirm Content
- Prices / Formats / Delivery
- Prices
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All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
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- Discounts
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As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
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- Available Currencies
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Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
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- Licenses
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License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
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- Global Site License
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The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
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- Formats
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The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
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- Delivery
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Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
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- Shipping Charges
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As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
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- Prices
- Ordering
- By Credit Card
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We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
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- By Money Transfer
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If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
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- By Credit Card
- Security
- Website security
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We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
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- Credit Card Security
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We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
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- Website security