市場調查報告書
商品編碼
1494583
汽車熱管理市場評估:依車型、應用和地區劃分的機會和預測(2017-2031)Automotive Thermal Management Market Assessment, By Vehicle Type, By Applications, By Region, Opportunities and Forecast, 2017-2031F |
預計全球汽車熱管理市場規模將從2023年的610.2億美元成長到2031年的905億美元,2024年至2031年的預測期內複合年增長率為5.05%。
對具有高性能和內部舒適性的豪華和全尺寸汽車的需求不斷增長,以及對碳排放的更嚴格的法規,預計將推動全球汽車熱系統市場的需求。對自動駕駛和半自動駕駛汽車的需求不斷增加以及相關技術的快速進步預計也將在預測期內推動市場成長。市場參與者正在投資各種研發活動,以提高汽車熱系統的耐用性,並將高性能熱系統整合到中型和全尺寸 SUV 以及豪華車中,以提高汽車熱管理系統的需求。
此外,汽車熱管理市場的參與者正關注日益增長的隔熱需求,以實現更好的用戶體驗和車內舒適度,這進一步顯著推動了市場成長。此外,參與的營運商正在採取策略來佔領高市場佔有率並擴大其產品組合。
對連網汽車和豪華汽車的高需求推動了市場成長:
由於豪華汽車內電子和非電子元件的整合度不斷提高,全球範圍內對汽車過熱熱管理系統的需求不斷增加。豪華車配備了舒適功能、先進功能和高安全措施,例如安全氣囊和帶空調和暖氣的舒適座椅。由於消費者可支配收入的增加、二氧化碳排放量的減少、生活水平的積極變化以及將先進的熱系統快速集成到豪華車中以提高燃油效率,對豪華車的需求不斷增加,對汽車熱管理系統的需求不斷成長。參與的營運商也正在建立環保的移動解決方案,以減少二氧化碳排放並提高車內舒適度。
在政府合規和監管的推動下:
政府制定了各種交通安全、車輛安全法規以及嚴格的廢氣法規。政府也向電動車買家和賣家提供激勵和補貼,以鼓勵電動車的生產和採用。因此,製造商正在投資電動車以提高引擎效率。隨著供應商將先進的電動車推向市場,他們必須關注與電動引擎電池相關的安全問題。電動車中的熱管理系統透過將電池組保持在理想的溫度範圍內,對於提高引擎性能和電池壽命至關重要。因此,嚴格的政府規章制度是支持全球汽車熱管理系統市場成長的關鍵驅動因素。
該報告調查了全球汽車熱管理市場,並提供了市場定義和概述、市場規模趨勢和預測、各個細分市場和地區的詳細分析、行業結構、影響市場成長的因素分析以及案例研究,我們整理了研究報告、競爭格局。
Global automotive thermal management market is anticipated to observe a CAGR of 5.05% during the forecast period 2024-2031, accelerating from USD 61.02 billion in 2023 to USD 90.5 billion in 2031. The growing demand for luxurious and full-size vehicles with high-performance cabin comfort and stringent regulations for carbon emissions are projected to drive the global automotive thermal systems market demand. In addition, the growing demand for autonomous and semi-autonomous vehicles and rapid technological advancements in automotive are propelling the growth of the global automotive thermal management market in the forecast period. The market players are investing in different research and development activities to improve the durability of automotive thermal systems and significantly integrate high-performance thermal systems into mid- and full-size SUVs and luxury vehicles to enhance efficiency, which results in rising demand for automotive thermal management systems. Therefore, the rise in sales of mid and full-size SUVs and luxury vehicles with high-performance features and advanced cabin comfort is projected to drive the global automotive thermal management market growth in the forecast period.
In addition, market players in the automotive thermal management market are putting stress on rising requirements for a better user experience and heat insulation for cabin comfort which further drives the market growth more significantly. Also, market players are adopting strategies for capturing the highest market share and expanding the product portfolio.
For instance, in January 2024, Bosch Rexroth AG announced a successful partnership with Modine Manufacturing Company to efficiently address the demand of end-users with the most productive machine possible and bring Modine EVantage thermal management systems to the Bosch Rexroth portfolio of eLION goods for electrified off-highway machinery across the globe.
High Demand for Connected and Luxurious Vehicles Pushes Market Growth
The growing integration of electronic and non-electronic components inside luxurious vehicles propels the demand for automotive thermal management systems globally due to heat overindulgence. Luxurious vehicles are equipped with comfort features, advanced features, and high safety measures such as airbags, heated and cooled comfortable seats, and others. The demand for luxurious vehicles is rising due to an increase in the disposable income of consumers, less CO2 emission, positive change in living standards, and rapid integration of advanced thermal systems into luxurious vehicles to fuel efficiency, which further results in a rising need for automotive thermal management systems. Therefore, the growing demand for connected and luxurious vehicles with high-performance safety features and comfort will drive the global automotive thermal management market growth in the forecast period. In addition, the market players are presenting innovative thermal management technologies in luxurious as well as buses of all sizes to lower CO2 and create greener mobility solutions to enhance cabin comfort.
For instance, in September 2023, Valeo Inc. presented its innovative thermal management technologies for different types of vehicles, including luxurious cars, buses, and others, to provide uncompromised thermal comfort, fleet-efficient solutions, and the highest level of safety with zero carbon emissions.
Advancement in the Automotive Thermal Management System Positively Impacts the Market
In the automotive industry, advancements in components, safety features, and electrical and electric components are essential for cabin comfort. The advancement in the electrical and non-electrical components inside the vehicles propels the demand for automotive thermal management systems due to the overindulgence of heat. In addition, the innovations in components have significantly grown due to rising powertrain electrification and automation in both commercial vehicles as well as passenger cars. In addition, vendors are adding smart and advanced thermal solutions to new energy vehicles and are ready to shift toward electric mobility. However, manufacturers offer smart automotive thermal management systems for automobiles to achieve the dual aims of advancing driver working conditions throughout the hot summer season and promoting fuel efficiency.
For instance, in September 2023, DENSO Corporation announced the launch of 'Everycool,' a vehicle thermal cooling system that provides energy efficiency, improves environmental impact, and provides comfort when a commercial vehicle's engine is off.
Government Compliance and Regulations Act as a Driver
The governments are setting up different regulations for road safety, vehicle safety, and stringent emission regulations. The government is also providing incentives and subsidies to buyers and sellers of electric vehicles to encourage the production and adoption of electric vehicles. Henceforth, manufacturers are investing in electric vehicles to improve engine efficiency because they are compelled by government regulations. As the vendors launch advanced electric vehicles in the market, they need to emphasize safety issues regarding electric engine batteries. The automotive thermal management system in electric vehicles is essential because it helps keep battery packs within the ideal temperature range to advance the engine's performance and battery lifespan. Therefore, the government's stringent rules and regulations are a key driver projected to support the growth of the global automotive thermal management system market.
For instance, in January 2024, the Indian government promoted the adoption of zero-emission vehicles, including electric vehicles, through initiatives and policies such as FAME II, the National Mission for Transformative Mobility and Storage, and the Phased Manufacturing Program (PMP).
Battery Thermal Management Dominates the Market Growth
The battery thermal management segment registers market growth due to the popularity of electric vehicles. Across developing nations, there is an increase in demand for electric vehicles due to rapid integration of ADAS and advanced safety features. Companies are constantly advancing battery-powered passenger cars that are cost-effective and durable. Automotive thermal systems for traction motors, power electronic modules, and batteries, coupled with additional weight, including cabin heating and other electric components, would become essential factors that support the driving range, vehicle lifespan, and increased performance. Therefore, an increase in battery electric vehicles and plug-in hybrid vehicles is anticipated to propel the automotive thermal management market in the forecast period. The manufacturers are investing in research and development activities for sustainable electromobility coupled with zero traffic fatalities within society.
For instance, in November 2023, DENSO Corporation announced an investment of USD 67 billion in research and development over the coming ten years to enable the rising shift towards electric-powered engines and battery thermal management solutions, coupled with its pursuit of zero emissions.
Asia-Pacific Registers the Largest Market Share
Asia-Pacific dominates the largest market revenue share due to the growing need for vehicles due to the increase in per capita income of the middle-class population, change in preferences of consumers, and rising trend of modifications. In emerging countries, the production and sales of vehicles are rising due to increasing government regulations and the growing prevalence of hybrid vehicles. It is projected that China has the largest market share for thermal systems because of rapid production and sales of vehicles and the presence of popular market players. In addition, an increase in the disposable income of consumers fosters the demand for mid- and full-size SUVs, which further results in an increase in the demand for automotive thermal management systems in the APAC region. The companies in the APAC region are collaborating to enhance their product portfolio and expand across the different regions.
For instance, in May 2022, Modine Manufacturing Company, a leading designer and manufacturer of thermal management solutions in APAC automotive thermal management systems, announced the launch of a new thermal management system product line designed for commercial electric vehicles. This system will offer customers full control of battery temperature in all environments.
Future Market Scenario (2024-2031F)
Rapid trend of automobile modifications is projected to propel the global automotive thermal management market growth in the forecast period.
The rise in petrol and diesel prices and increasing sales of electric vehicles in emerging countries will further accelerate the global automotive thermal management market.
Integration of advanced safety features and smart thermal management solutions into vehicles pushes the demand for automotive thermal management shortly.
Companies are working to expand their product portfolio, driving the growth of the global market in the forecast period.
Key Players Landscape and Outlook
Key participants in the automotive thermal management market include DENSO Corporation, Gentherm Incorporated, Hanon Climate Systems India Pvt. Ltd., and BorgWarner Inc. Key companies are investing in different research and development activities to increase their product portfolio, which further results in accelerating the growth of automotive thermal management system. Companies are also adopting strategic steps to expand their footprint globally, by launching new products, increasing investments, collaborating, and announcing partnerships with other market players, and contractual agreements.
In January 2023, Grayson Thermal Systems launched a vehicle thermal management system to optimize the driving range for electric buses, off-highway applications, and commercial vehicles.
In December 2023, Valeo announced a collaboration with FUCHS to develop thermal management solutions for battery energy storage and strengthen the leading positions of both companies in the thermal management field.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.