自動車用熱システム市場レポート：部品別、車種別、地域別、2024～2032年

世界の自動車用熱システム市場規模は2023年に370億米ドルに達しました。今後、IMARC Groupは、市場は2032年までに513億米ドルに達し、2024～2032年の間に3.6%の成長率（CAGR）を示すと予測しています。燃費効率に対する需要の高まり、燃費効率向上のための自動車の軽量化傾向の高まり、自動車産業全体の成長、材料、センサー、エレクトロニクスの進歩などが、自動車用熱システム市場の成長を促進する主要要因です。

自動車用熱システム市場分析

主要市場促進要因：従来の内燃機関（ICE）車の燃費向上にメーカーが継続的に注力していることと相まって、燃費向上に対する需要が高まっていることが市場成長を後押ししています。さらに、材料、センサー、エレクトロニクスの進歩により、より効率的で精密な熱管理システムの開発が可能になり、自動車用熱システム市場の需要に拍車をかけています。

主要市場動向：乗用車と商用車の生産を含む自動車産業の新興国市場は、自動車メーカーとサプライヤーによる継続的な研究開発努力と相まって、より効率的で革新的な熱管理ソリューションの創出につながり、市場需要をさらに拡大しています。

競合情勢：市場における著名企業には、Borgwarner Inc.、Continental Aktiengesellschaft、DENSO Corporation、General Motors Company、Gentherm Incorporated、Grayson Automotive Services Limited、Lennox International Inc.、MAHLE GmbH、Modine Manufacturing Company Inc.、Visteon Corporationなどがあります。

地理的動向：アジア太平洋は、市場において明確な優位性を示しています。同地域は自動車製造の中心地です。乗用車、商用車、電気自動車などの生産台数の増加が、自動車用熱システムの需要を直接的に押し上げています。

課題と機会：規制遵守、排ガス基準、継続的な技術革新が市場成長の妨げとなっています。しかし、EVはバッテリーの冷却と最適な動作温度の維持のために高度な熱管理システムを必要とします。これはEV市場の拡大に伴う大きな成長機会となります。

自動車用熱システム市場傾向

排出規制の強化と効率化要求

政府や環境団体は、自動車の排出ガスを抑制し、よりクリーンな大気環境を促進するため、より厳しい規制を課しています。例えば、欧州連合（EU）は2024年5月、新型大型車に対する厳しいCO2排出規制を採択しました。新しい規則によると、大型トラックとバス（職業用車両を含む）の二酸化炭素排出量は、2030年までに45％、2035年までに65％、2040年までに90％削減されなければならないです。新しい都市バスは、2030年までに排出量を90％削減し、2035年までにゼロエミッション車にする必要があります。その結果、自動車メーカーは、より燃費がよく、汚染物質の排出量が少ない自動車を開発するよう、大きなプレッシャーにさらされています。自動車用熱システムは、こうした目標を達成する上で極めて重要な役割を果たしています。メーカーはまた、バッテリーの性能を最適化し、寿命を延ばすために、電気自動車やハイブリッド車用の熱管理ソリューションを取り入れています。例えば、2024年2月、吉利の電気自動車メーカーZeekrは、最新モデルZeekr 001を発表しました。この車両には、最先端の「フルスタック800V高電圧システム」と熱管理システムが統合されています。Zeekr 001は2つの強力なバッテリーから選択できる：95kWhと100kWhです。充電速度の新基準を打ち立てると主張しています。22種類の作動モードがあり、車両に搭載されたPTM 2.0世界熱管理システムはエネルギー消費を改善します。これらの要因が自動車用熱システム市場のシェアにさらに貢献しています。

電気自動車の普及

電気自動車（EV）の普及台数の増加は、市場成長を牽引する重要な要因のひとつです。自動車の販売台数は大幅に増加しています。例えば、IEAが発表した記事によると、2023年には世界でほぼ1,400万台の電気自動車が新規登録され、道路を走る総数は4,000万台に達します。2023年の電気自動車販売台数は、2022年を350万台上回り、前年比35％増となりました。この数字は2018年の6倍以上です。EVはパワートレインからだけでなく、充放電サイクル中に大容量バッテリーからも熱を発生します。効率的な熱管理は、これらのコンポーネントの最適な動作温度を維持する上で極めて重要であり、これはバッテリーの寿命、安全性、性能に直接影響します。EVの自動車用熱システムには、バッテリーパックと電気ドライブトレインの安定した安全運転を確保するため、液冷システムや熱インターフェース材料などの高度な冷却ソリューションが使用されています。さらに、バッテリーへの負荷を軽減するため、さまざまなメーカーが液冷バッテリーを開発しています。例えば、2024年4月、電動二輪車メーカーのBounce Infinityは、Clean Electricと提携し、液冷バッテリー技術をインドで発売しました。これにより、バッテリーの長寿命化、充電時間の短縮、航続距離の延長が実現します。この技術は、EVにおけるより効率的な熱管理という重要なニーズに応えるものです。これらの要因は、自動車用熱システム市場予測にさらにプラスの影響を与えています。

快適性と接続性に対する消費者の需要

現代の自動車購入者は、効率的で環境に優しいソリューションを求めるだけでなく、快適性と接続性を優先しています。自動車の熱システムは車内の空調制御に直接影響し、極端な気象条件下でも毎日の通勤でも乗客の快適性を高める。ゾーンごとの温度制御、空気清浄、スマート・コネクティビティ機能を備えた高度な暖房・換気・空調（HVAC）システムは、多くの自動車で標準装備されるようになってきています。さまざまなメーカーがこうした機能を搭載しています。例えば、2024年3月、ドイツに本社を置く高級車メーカーBMWは、新型620d Mスポーツシグネチャーをインドで発売しました。この高級車には、デジタル計器クラスタとインフォテインメント・システムを含む12.3インチのデュアルスクリーンが装備されています。その他の主要機能には、Apple CarPlay、Android Auto、Park Assist、リアビューカメラ、パノラマサンルーフ、ワイヤレス充電器、4ゾーンコントロール付きオートエアコンなどがあります。これらのシステムは、個人の快適性を確保するだけでなく、ドライバーの注意力や全体的な交通安全にも貢献し、自動車用熱システム市場の値にプラスの影響を与えます。これとは別に、自動車メーカーは、快適性機能や接続オプションに基づいて車両を差別化しています。熱管理機能の強化は、車両の快適性とバッテリー性能に貢献します。例えば、2023年11月、Hyundaiは、AutoMobility LAのプレショーイベントで、2025年モデルの新型電動スポーツカーIONIQ 5 Nを北米メディアに公開しました。IONIQ 5 Nは、レーストラックでの熱制御を装備しています。拡大された熱マネージメントシステムは、より大きな冷却面と容積、改良されたモーターオイル冷却、バッテリー冷却器を採用しています。また、バッテリーセルから冷却チャネルへの熱伝達経路を減らし、熱伝導性に優れた新しいギャップフィラーを導入することで、バッテリー熱管理システムの性能を向上させています。これらの要因が、自動車用熱システム市場の収益をさらに押し上げています。

目次

第1章 序文

第2章 調査範囲と調査手法

• 調査の目的
• ステークホルダー
• データソース
  • 一次情報
  • 二次情報
• 市場推定
  • ボトムアップアプローチ
  • トップダウンアプローチ
• 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

• 概要
• 主要業界動向

第5章 世界の自動車用熱システム市場

• 市場概要
• 市場実績
• COVID-19の影響
• 市場予測

第6章 市場内訳：コンポーネント別

• コンプレッサー
• 空調設備
• パワートレインの冷却
• 流体輸送

第7章 市場内訳：車種別

• 乗用車
• 小型商用車
• 大型商用車
• その他

第8章 市場内訳：地域別

• 北米
  • 米国
  • カナダ
• アジア太平洋
  • 中国
  • 日本
  • インド
  • 韓国
  • オーストラリア
  • インドネシア
  • その他
• 欧州
  • ドイツ
  • フランス
  • 英国
  • イタリア
  • スペイン
  • ロシア
  • その他
• ラテンアメリカ
  • ブラジル
  • メキシコ
  • その他
• 中東・アフリカ
  • 市場動向
  • 市場内訳：国別
  • 市場予測

第9章 SWOT分析

• 概要
• 強み
• 弱み
• 機会
• 脅威

第10章 バリューチェーン分析

第11章 ポーターのファイブフォース分析

• 概要
• 買い手の交渉力
• 供給企業の交渉力
• 競合の程度
• 新規参入業者の脅威
• 代替品の脅威

第12章 価格分析

第13章 競合情勢

• 市場構造
• 主要企業
• 主要企業のプロファイル
  • Borgwarner Inc.
  • Continental Aktiengesellschaft
  • DENSO Corporation
  • General Motors Company
  • Gentherm Incorporated
  • Grayson Automotive Services Limited
  • Lennox International Inc.
  • MAHLE GmbH
  • Modine Manufacturing Company Inc.
  • Visteon Corporation

List of Figures

• Figure 1: Global: Automotive Thermal System Market: Major Drivers and Challenges
• Figure 2: Global: Automotive Thermal System Market: Sales Value (in Billion US$), 2018-2023
• Figure 3: Global: Automotive Thermal System Market: Breakup by Component (in %), 2023
• Figure 4: Global: Automotive Thermal System Market: Breakup by Vehicle Type (in %), 2023
• Figure 5: Global: Automotive Thermal System Market: Breakup by Region (in %), 2023
• Figure 6: Global: Automotive Thermal System Market Forecast: Sales Value (in Billion US$), 2024-2032
• Figure 7: Global: Automotive Thermal System (Compressor) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 8: Global: Automotive Thermal System (Compressor) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 9: Global: Automotive Thermal System (HVAC) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 10: Global: Automotive Thermal System (HVAC) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 11: Global: Automotive Thermal System (Powertrain Cooling) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 12: Global: Automotive Thermal System (Powertrain Cooling) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 13: Global: Automotive Thermal System (Fluid Transport) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 14: Global: Automotive Thermal System (Fluid Transport) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 15: Global: Automotive Thermal System (Passenger Cars) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 16: Global: Automotive Thermal System (Passenger Cars) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 17: Global: Automotive Thermal System (Light Commercial Vehicles) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 18: Global: Automotive Thermal System (Light Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 19: Global: Automotive Thermal System (Heavy Commercial Vehicles) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 20: Global: Automotive Thermal System (Heavy Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 21: Global: Automotive Thermal System (Others) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 22: Global: Automotive Thermal System (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 23: North America: Automotive Thermal System Market: Sales Value (in Million US$), 2018 & 2023
• Figure 24: North America: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 25: United States: Automotive Thermal System Market: Sales Value (in Million US$), 2018 & 2023
• Figure 26: United States: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 27: Canada: Automotive Thermal System Market: Sales Value (in Million US$), 2018 & 2023
• Figure 28: Canada: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 29: Asia Pacific: Automotive Thermal System Market: Sales Value (in Million US$), 2018 & 2023
• Figure 30: Asia Pacific: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 31: China: Automotive Thermal System Market: Sales Value (in Million US$), 2018 & 2023
• Figure 32: China: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 33: Japan: Automotive Thermal System Market: Sales Value (in Million US$), 2018 & 2023
• Figure 34: Japan: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 35: India: Automotive Thermal System Market: Sales Value (in Million US$), 2018 & 2023
• Figure 36: India: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 37: South Korea: Automotive Thermal System Market: Sales Value (in Million US$), 2018 & 2023
• Figure 38: South Korea: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 39: Australia: Automotive Thermal System Market: Sales Value (in Million US$), 2018 & 2023
• Figure 40: Australia: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 41: Indonesia: Automotive Thermal System Market: Sales Value (in Million US$), 2018 & 2023
• Figure 42: Indonesia: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 43: Others: Automotive Thermal System Market: Sales Value (in Million US$), 2018 & 2023
• Figure 44: Others: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 45: Europe: Automotive Thermal System Market: Sales Value (in Million US$), 2018 & 2023
• Figure 46: Europe: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 47: Germany: Automotive Thermal System Market: Sales Value (in Million US$), 2018 & 2023
• Figure 48: Germany: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 49: France: Automotive Thermal System Market: Sales Value (in Million US$), 2018 & 2023
• Figure 50: France: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 51: United Kingdom: Automotive Thermal System Market: Sales Value (in Million US$), 2018 & 2023
• Figure 52: United Kingdom: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 53: Italy: Automotive Thermal System Market: Sales Value (in Million US$), 2018 & 2023
• Figure 54: Italy: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 55: Spain: Automotive Thermal System Market: Sales Value (in Million US$), 2018 & 2023
• Figure 56: Spain: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 57: Russia: Automotive Thermal System Market: Sales Value (in Million US$), 2018 & 2023
• Figure 58: Russia: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 59: Others: Automotive Thermal System Market: Sales Value (in Million US$), 2018 & 2023
• Figure 60: Others: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 61: Latin America: Automotive Thermal System Market: Sales Value (in Million US$), 2018 & 2023
• Figure 62: Latin America: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 63: Brazil: Automotive Thermal System Market: Sales Value (in Million US$), 2018 & 2023
• Figure 64: Brazil: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 65: Mexico: Automotive Thermal System Market: Sales Value (in Million US$), 2018 & 2023
• Figure 66: Mexico: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 67: Others: Automotive Thermal System Market: Sales Value (in Million US$), 2018 & 2023
• Figure 68: Others: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 69: Middle East and Africa: Automotive Thermal System Market: Sales Value (in Million US$), 2018 & 2023
• Figure 70: Middle East and Africa: Automotive Thermal System Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 71: Global: Automotive Thermal System Industry: SWOT Analysis
• Figure 72: Global: Automotive Thermal System Industry: Value Chain Analysis
• Figure 73: Global: Automotive Thermal System Industry: Porter's Five Forces Analysis

List of Tables

• Table 1: Global: Automotive Thermal System Market: Key Industry Highlights, 2023 and 2032
• Table 2: Global: Automotive Thermal System Market Forecast: Breakup by Component (in Million US$), 2024-2032
• Table 3: Global: Automotive Thermal System Market Forecast: Breakup by Vehicle Type (in Million US$), 2024-2032
• Table 4: Global: Automotive Thermal System Market Forecast: Breakup by Region (in Million US$), 2024-2032
• Table 5: Global: Automotive Thermal System Market: Competitive Structure
• Table 6: Global: Automotive Thermal System Market: Key Players

The global automotive thermal system market size reached US$ 37.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 51.3 Billion by 2032, exhibiting a growth rate (CAGR) of 3.6% during 2024-2032. The rising demand for fuel efficiency, the escalating trend towards lightweight vehicles for improved fuel efficiency, the overall growth of the automotive industry and advancements in materials, sensors, and electronics are some of the major factors propelling the automotive thermal system market growth.

Automotive Thermal System Market Analysis:

Major Market Drivers: The rising demand for fuel efficiency coupled with the continuous focus of manufacturers on improving fuel efficiency in traditional internal combustion engine (ICE) vehicles is propelling the market growth. Moreover, advancements in materials, sensors, and electronics have enabled the development of more efficient and precise thermal management systems, thereby adding to the automotive thermal system market demand.

Key Market Trends: The growing automotive industry, including the production of both passenger and commercial vehicles, coupled with continuous research and development efforts by automotive manufacturers and suppliers leads to the creation of more efficient and innovative thermal management solutions, further proliferating the market demand.

Competitive Landscape: Some of the prominent companies in the market include Borgwarner Inc., Continental Aktiengesellschaft, DENSO Corporation, General Motors Company, Gentherm Incorporated, Grayson Automotive Services Limited, Lennox International Inc., MAHLE GmbH, Modine Manufacturing Company Inc., and Visteon Corporation, among many others.

Geographical Trends: Asia Pacific exhibits a clear dominance in the market. The region is a hub for automotive manufacturing. The growth in the production of vehicles, including passenger cars, commercial vehicles, and electric vehicles, has directly driven the demand for automotive thermal systems.

Challenges and Opportunities: Regulatory compliances, emissions standards, and continuous innovation in technology are hampering the market growth. However, EVs require sophisticated thermal management systems for battery cooling and maintaining optimal operating temperatures. This represents a significant growth opportunity as the EV market expands.

Automotive Thermal System Market Trends:

Stricter Emission Regulations and Efficiency Demands

Governments and environmental bodies are imposing stricter norms to curb vehicle emissions and promote cleaner air quality. For instance, in May 2024, the European Union adopted strict CO2 emissions regulations for new heavy-duty vehicles. According to the new rules, carbon emissions from heavy trucks and buses, including vocational vehicles, must be cut by 45% by 2030, 65% by 2035, and 90% by 2040. New urban buses would need to lower emissions by 90% by 2030 and be zero-emission vehicles by 2035. As a result, automakers are under immense pressure to develop vehicles that are more fuel-efficient and emit fewer pollutants. Automotive thermal systems play a pivotal role in achieving these goals. Manufacturers are also incorporating thermal management solutions for electric and hybrid vehicles to optimize battery performance and extend their lifespan. For instance, in February 2024, Geely's Zeekr, an electric vehicle maker, unveiled its latest model, the Zeekr 001. The vehicle is integrated with a cutting-edge "full-stack 800V high-voltage system" and thermal management system. The Zeekr 001 offers a choice between two powerful batteries: 95kWh and 100kWh. With claims of setting new standards in charging speed. With 22 working modes, the PTM 2.0 global thermal management system in the vehicle improves energy consumption. These factors are further contributing to the automotive thermal system market share.

Rising Adoption of Electric Vehicles

The rising adoption of electric vehicles (EVs) is one of the significant factors driving the market growth. There's been a significant increase in the sales of cars. For instance, according to an article published by IEA, almost 14 million new electric cars were registered globally in 2023, bringing the total number on the road to 40 million. Electric vehicle sales in 2023 were 3.5 million greater than in 2022, representing a 35% year-on-year growth. This figure is more than six times greater than in 2018. EVs generate heat not only from the powertrain but also from high-capacity batteries during charging and discharging cycles. Efficient thermal management is crucial to maintaining optimal operating temperatures for these components, which directly impacts battery life, safety, and performance. Automotive thermal systems in EVs involve advanced cooling solutions, such as liquid cooling systems and thermal interface materials, to ensure consistent and safe operation of the battery pack and electric drivetrain. Moreover, various manufacturers are developing liquid cooling batteries in order to reduce the load on the battery. For instance, in April 2024, Bounce Infinity, an electric two-wheeler company collaborated with Clean Electric to launch liquid-cooled battery technology in India. It ensures a longer battery life, faster charging times, and increased range. This technology caters to the critical need for more efficient thermal management in EVs. These factors are further positively influencing the automotive thermal system market forecast.

Consumer Demand for Comfort and Connectivity

Modern vehicle buyers not only demand efficient and eco-friendly solutions but also prioritize comfort and connectivity. Automotive thermal systems directly influence cabin climate control, enhancing passenger comfort during both extreme weather conditions and daily commutes. Advanced heating, ventilation, and air conditioning (HVAC) systems with zone-wise temperature control, air purification, and smart connectivity features are becoming standard in many vehicles. Various manufacturers are integrating such features. For instance, in March 2024, BMW, a luxury car manufacturer based in Germany launched the new 620d M Sport Signature in India. This luxury vehicle is equipped with a 12.3-inch dual screen, including a digital instrument cluster and infotainment system. Other key features include Apple CarPlay, Android Auto, Park Assist, rearview camera, panoramic sunroof, wireless charger, and auto air conditioning with four-zone control. These systems not only ensure personalized comfort but also contribute to driver alertness and overall road safety, further positively influencing the automotive thermal system market value. Apart from this, automotive manufacturers differentiate their vehicles based on comfort features and connectivity options. Enhanced thermal management capabilities contribute to vehicle comfort and battery performance. For instance, in November 2023, Hyundai unveiled its all-new 2025 IONIQ 5 N electrified sports vehicle to North American media during a pre-show event for AutoMobility LA. IONIQ 5 N is equipped with thermal control on the racetrack. The expanded thermal management system employs greater cooling surface and volume, improved motor oil cooling, and a battery chiller. The battery thermal management system's performance is also improved by reducing the heat transfer path from the battery cells to the cooling channel and introducing a novel gap filler with excellent thermal conductivity. These factors are further bolstering the automotive thermal system market revenue.

Global Automotive Thermal System Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global automotive thermal system market report, along with forecasts at the global, regional, and country levels from 2024-2032. Our automotive thermal system market report has categorized the market based on component and vehicle type.

Breakup by Component:

Compressor

HVAC

Powertrain Cooling

Fluid Transport

Compressor dominates the market

The report has provided a detailed breakup and analysis of the market based on the component. This includes compressor, HVAC, powertrain cooling, and fluid transport. According to the report, compressor represented the largest segment.

According to the report, automotive thermal system market outlook, the compressor plays a pivotal role in managing the temperature and comfort of a vehicle's interior environment. Essentially acting as the heart of the air conditioning system, the compressor is responsible for circulating and pressurizing the refrigerant, which facilitates the transfer of heat from the cabin to the outside environment. This transfer of heat enables the cooling of the cabin air, ensuring a comfortable temperature even in the scorching heat of summer. The compressor's operation is a delicate interplay of mechanical and thermodynamic principles. As the refrigerant flows through the system, the compressor compresses it into a high-pressure, high-temperature gas. This gas is then condensed, releasing heat, and transformed back into a liquid. The liquid refrigerant then expands, absorbing heat and causing the air around it to cool down. This cooled air is then directed into the cabin, providing occupants with a pleasant driving experience, regardless of external weather conditions. For instance, in February 2024, Cummins Engine Components (CEC) launched its first E-compressor for fuel cell engine in Wuxi, China

Breakup by Vehicle Type:

Passenger Cars

Light Commercial Vehicles

Heavy Commercial Vehicles

Others

Passenger cars dominate the market

The report has provided a detailed breakup and analysis of the market based on the vehicle type. This includes passenger cars, light commercial vehicles, heavy commercial vehicles, and others. According to the report, passenger cars represented the largest segment.

According to the automotive thermal system market overview, passenger cars encompass a wide spectrum of vehicles designed primarily for the transportation of individuals and small groups. This category includes sedans, hatchbacks, coupes, and even certain types of crossover vehicles. The sheer volume of passenger cars on the roads is immense, reflecting the widespread use of these vehicles for personal transportation. This high demand necessitates sophisticated thermal management systems to ensure not only optimal engine performance but also cabin comfort, especially as passengers spend considerable time inside the vehicle. As consumers increasingly prioritize comfort, convenience, and advanced features, the role of efficient automotive thermal systems becomes more crucial. Moreover, the technological advancements in passenger car design have propelled the integration of cutting-edge thermal technologies. Advanced air conditioning systems, climate control mechanisms, and innovative thermal insulation techniques are all tailored to enhance the driving experience for passengers. For instance, in May 2024, BYD introduced the new Sea Lion O7, an all-electric SUV. It employs a 16-in-1 high-efficiency thermal management integrated module, resulting in an estimated 20% reduction in thermal management power usage.

Breakup by Region:

North America

United States

Canada

Asia Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Asia Pacific exhibits a clear dominance, accounting for the largest automotive thermal system market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.

According to the automotive thermal system market statistics, Asia Pacific's escalating manufacturing ecosystem fosters a high demand for advanced thermal management solutions that cater to the diverse needs of vehicles produced in these markets. Moreover, the expanding middle class in many Asia Pacific countries has fueled an increase in automobile ownership. As disposable incomes rise and urbanization continues, there is a growing appetite for vehicles equipped with advanced features and technologies, including efficient thermal systems that enhance driving comfort and efficiency. Moreover, the region's climatic diversity, ranging from tropical to temperate, accentuates the need for reliable thermal management solutions. Efficient air conditioning and climate control systems are essential for maintaining passenger comfort across a wide spectrum of environmental conditions. Furthermore, the Asia Pacific region has become a hotbed for electric vehicle (EV) adoption and innovation. Battery cooling systems and climate control mechanisms for EVs are crucial for ensuring optimal battery performance and maintaining driving range in various weather conditions. For instance, in June 2023, ZF, a technology corporation, unveiled its self-developed thermal management system for electric cars (EVs) at its annual Global Technology Day event in India.

Competitive Landscape:

Automotive thermal system companies are investing significantly in research and development to create innovative solutions. This includes developing advanced cooling technologies, more efficient heat exchangers, and smart climate control systems. Companies are working on materials with better thermal conductivity and exploring novel designs to optimize heat dissipation and management. With the rise of electric and hybrid vehicles, companies are tailoring their thermal systems to suit the specific needs of these platforms. This involves designing thermal solutions for battery cooling and temperature management, as well as optimizing thermal efficiency in electric drivetrains to enhance overall performance and longevity. Moreover, leading players are placing a strong emphasis on improving energy efficiency and reducing the environmental impact of their solutions. This includes developing systems that consume less power while delivering optimal performance, as well as integrating waste heat recovery systems to utilize excess heat for improved efficiency.

The automotive thermal system market research report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

Borgwarner Inc.

Continental Aktiengesellschaft

DENSO Corporation

General Motors Company

Gentherm Incorporated

Grayson Automotive Services Limited

Lennox International Inc.

MAHLE GmbH

Modine Manufacturing Company Inc.

Visteon Corporation

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Automotive Thermal System Market Recent Developments:

July 2024: TI Fluid Systems, a developer of thermal management and fluid handling systems, unveiled its new e-Mobility Innovation Center (eMIC) in Auburn Hills, Michigan.

July 2024: Modine, a diversified thermal management technology provider, launched the Cabin Climate System (CCS), a comprehensive thermal management solution specifically designed for commercial, off-highway, and specialty electric vehicles (EVs).

April 2024: Vitesco Technologies partnered with Sanden International, an automotive thermal management technology provider to develop an Integrated Thermal Management System for Battery Electric Vehicles (BEVs).

Key Questions Answered in This Report

• 1. How big is the global automotive thermal system market?
• 2. What is the expected growth rate of the global automotive thermal system market during 2024-2032?
• 3. What are the key factors driving the global automotive thermal system market?
• 4. What has been the impact of COVID-19 on the global automotive thermal system market?
• 5. What is the breakup of the global automotive thermal system market based on the component?
• 6. What is the breakup of the global automotive thermal system market based on the vehicle type?
• 7. What are the key regions in the global automotive thermal system market?
• 8. Who are the key players/companies in the global automotive thermal system market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Automotive Thermal System Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Forecast

6 Market Breakup by Component

• 6.1 Compressor
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 HVAC
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast
• 6.3 Powertrain Cooling
  • 6.3.1 Market Trends
  • 6.3.2 Market Forecast
• 6.4 Fluid Transport
  • 6.4.1 Market Trends
  • 6.4.2 Market Forecast

7 Market Breakup by Vehicle Type

• 7.1 Passenger Cars
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Light Commercial Vehicles
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast
• 7.3 Heavy Commercial Vehicles
  • 7.3.1 Market Trends
  • 7.3.2 Market Forecast
• 7.4 Others
  • 7.4.1 Market Trends
  • 7.4.2 Market Forecast

8 Market Breakup by Region

• 8.1 North America
  • 8.1.1 United States
    • 8.1.1.1 Market Trends
    • 8.1.1.2 Market Forecast
  • 8.1.2 Canada
    • 8.1.2.1 Market Trends
    • 8.1.2.2 Market Forecast
• 8.2 Asia Pacific
  • 8.2.1 China
    • 8.2.1.1 Market Trends
    • 8.2.1.2 Market Forecast
  • 8.2.2 Japan
    • 8.2.2.1 Market Trends
    • 8.2.2.2 Market Forecast
  • 8.2.3 India
    • 8.2.3.1 Market Trends
    • 8.2.3.2 Market Forecast
  • 8.2.4 South Korea
    • 8.2.4.1 Market Trends
    • 8.2.4.2 Market Forecast
  • 8.2.5 Australia
    • 8.2.5.1 Market Trends
    • 8.2.5.2 Market Forecast
  • 8.2.6 Indonesia
    • 8.2.6.1 Market Trends
    • 8.2.6.2 Market Forecast
  • 8.2.7 Others
    • 8.2.7.1 Market Trends
    • 8.2.7.2 Market Forecast
• 8.3 Europe
  • 8.3.1 Germany
    • 8.3.1.1 Market Trends
    • 8.3.1.2 Market Forecast
  • 8.3.2 France
    • 8.3.2.1 Market Trends
    • 8.3.2.2 Market Forecast
  • 8.3.3 United Kingdom
    • 8.3.3.1 Market Trends
    • 8.3.3.2 Market Forecast
  • 8.3.4 Italy
    • 8.3.4.1 Market Trends
    • 8.3.4.2 Market Forecast
  • 8.3.5 Spain
    • 8.3.5.1 Market Trends
    • 8.3.5.2 Market Forecast
  • 8.3.6 Russia
    • 8.3.6.1 Market Trends
    • 8.3.6.2 Market Forecast
  • 8.3.7 Others
    • 8.3.7.1 Market Trends
    • 8.3.7.2 Market Forecast
• 8.4 Latin America
  • 8.4.1 Brazil
    • 8.4.1.1 Market Trends
    • 8.4.1.2 Market Forecast
  • 8.4.2 Mexico
    • 8.4.2.1 Market Trends
    • 8.4.2.2 Market Forecast
  • 8.4.3 Others
    • 8.4.3.1 Market Trends
    • 8.4.3.2 Market Forecast
• 8.5 Middle East and Africa
  • 8.5.1 Market Trends
  • 8.5.2 Market Breakup by Country
  • 8.5.3 Market Forecast

9 SWOT Analysis

• 9.1 Overview
• 9.2 Strengths
• 9.3 Weaknesses
• 9.4 Opportunities
• 9.5 Threats

10 Value Chain Analysis

11 Porters Five Forces Analysis

• 11.1 Overview
• 11.2 Bargaining Power of Buyers
• 11.3 Bargaining Power of Suppliers
• 11.4 Degree of Competition
• 11.5 Threat of New Entrants
• 11.6 Threat of Substitutes

12 Price Analysis

13 Competitive Landscape

• 13.1 Market Structure
• 13.2 Key Players
• 13.3 Profiles of Key Players
  • 13.3.1 Borgwarner Inc.
    • 13.3.1.1 Company Overview
    • 13.3.1.2 Product Portfolio
    • 13.3.1.3 Financials
    • 13.3.1.4 SWOT Analysis
  • 13.3.2 Continental Aktiengesellschaft
    • 13.3.2.1 Company Overview
    • 13.3.2.2 Product Portfolio
    • 13.3.2.3 Financials
    • 13.3.2.4 SWOT Analysis
  • 13.3.3 DENSO Corporation
    • 13.3.3.1 Company Overview
    • 13.3.3.2 Product Portfolio
    • 13.3.3.3 Financials
    • 13.3.3.4 SWOT Analysis
  • 13.3.4 General Motors Company
    • 13.3.4.1 Company Overview
    • 13.3.4.2 Product Portfolio
    • 13.3.4.3 Financials
    • 13.3.4.4 SWOT Analysis
  • 13.3.5 Gentherm Incorporated
    • 13.3.5.1 Company Overview
    • 13.3.5.2 Product Portfolio
    • 13.3.5.3 Financials
  • 13.3.6 Grayson Automotive Services Limited
    • 13.3.6.1 Company Overview
    • 13.3.6.2 Product Portfolio
    • 13.3.6.3 Financials
  • 13.3.7 Lennox International Inc.
    • 13.3.7.1 Company Overview
    • 13.3.7.2 Product Portfolio
    • 13.3.7.3 Financials
    • 13.3.7.4 SWOT Analysis
  • 13.3.8 MAHLE GmbH
    • 13.3.8.1 Company Overview
    • 13.3.8.2 Product Portfolio
    • 13.3.8.3 Financials
    • 13.3.8.4 SWOT Analysis
  • 13.3.9 Modine Manufacturing Company Inc.
    • 13.3.9.1 Company Overview
    • 13.3.9.2 Product Portfolio
    • 13.3.9.3 Financials
    • 13.3.9.4 SWOT Analysis
  • 13.3.10 Visteon Corporation
    • 13.3.10.1 Company Overview
    • 13.3.10.2 Product Portfolio
    • 13.3.10.3 Financials
    • 13.3.10.4 SWOT Analysis