Automotive thermal system is concern with the management of liquid,
temperature and air. It increases the comfort of the passengers by
taking care of the temperature inside the vehicle. The main
components of automotive thermal system are powertrain cooling,
ventilation & AC, battery thermal management, power device
cooling and waste heat recovery.
Automotive Thermal System Market Analysis at:
Implementation of new technologies such as HVAC systems for thermal
heating is driving the market globally. The primary advantage of this
advanced system is that it reduces the harmful gases emitted by the
cooling system compressors without compromising on the cooling
capacity. The manufacturers of HVAC systems have replaced the
existing HFO-1234yf cooling technology used in automotive HVAC
systems with the R-134a technology due to the harmful effects of some
refrigerants. Implementation of new technologies and upgrade of
existing ones is among the key drivers for the growth of this market
globally.
The rise in cost of the automotive thermal system is a major
challenge restraining the growth of the market. Advanced and improved
technology comes at a higher cost. Huge investment is required for
research and development which in turn increases the cost of thermal
systems, hence leading to increase in the price of automobiles.
Increasing demand for thermal systems that run on alternative fuels
such as bio-alcohols, liquid hydrogen, propane, P-Series fuels, and
ethanol is a key opportunity for the growth of the market in the near
future.
Manufacturers of automotive transmission systems are investing
significantly in research and development for innovation of latest
technology in automotive transmission. ZF Technologies introduced the
world’s first nine-speed automatic transmission system. This is
likely to enhance fuel efficiency of vehicles considerably. There is
a growing demand for vehicles with continuous variable transmission
system. Driving a continuously variable transmission system is the
same as driving a vehicle with automatic transmission, just that the
engine revs up and down automatically. There is a growing demand for
vehicles with continuously variable transmission due to its
simplicity and enhanced performance. Therefore, this technology is
likely to dominate the market in the coming years.
HVAC dominated the automotive thermal system market segmented by
component. The HVAC system provides heat, ventilation and air
conditioning in a vehicle. The HVAC market can be segmented into two
types, automotive HVAC system and manual HVAC system. The rise in
demand for HVAC is one of the key factors behind the growth of the
automotive thermal system market as a whole.
Geographically, the global automotive thermal system market has been
segmented into four major regions: North America, Europe,
Asia-Pacific and Rest of the World (RoW). Asia Pacific dominated the
automotive thermal system market in 2013 followed by Europe.
Developments in the infrastructure sector led to the rise in demand
for construction vehicles. In addition, the rise in disposable income
fuelled the demand for automobiles in Asia-Pacific and this is
expected to drive the demand for thermal system. Asia-Pacific has
been the largest contributor to the growth of the automotive thermal
system market. The luxury car segment is dominated by Japan in this
region. In addition, the emerging business class in India and China
along with the green revolution in the automotive industry is also
driving the automotive thermal system market in Asia-Pacific.
Increase in GDP levels, government norms and regulations, change in
attitude of society towards the environment, and technological
advancement are the key factors driving the automotive thermal system
market. The growing business class in China and India, coupled with
the green revolution in the automobile sector is further driving the
global automotive thermal system market.
Brochure for Technical Aspects of Automotive Thermal Systems:
http://bit.ly/29grkmd
The degree of competition in the automotive thermal system industry
is high. This is a consolidated market and thus there is very little
price-based competition. Established players invest a huge sum of
money in research and development activities in order to innovative
new technologies which would help them increase their competitiveness
in the market.
Some of the major players in the automotive thermal system market are
General Motors Company (GM) (U.S.), Denso Corporation (Japan), Magma
International Inc. (Canada), Valeo (France), Ford Motor Company
(U.S.), Delphi Automotive PLC (U.S.), BorgWarener Automotive
Powertrain Systems Corp (U.S.), ZF Friedrichshafen AG (Germany),
Hyundai Motor Company (South Korea), Continental AG (Germany).
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