Automotive Thermal System Market Growth, Trends and Forecast 2014 Automotive Thermal System Market - Global Industry

Automotive Thermal System Market - Global
Industry Analysis, Size, Share, Growth, Trends
and Forecast 2014 - 2020
This market research study analyzes the automotive thermal system market on a
global level and provides estimates in terms of revenue (USD billion) from 2014 to
2020. It gives a comprehensive overview of the automotive thermal system industry
from all the important aspects of the market. It recognizes the drivers and restraints
affecting the industry and analyzes their impact over the forecast period. Moreover,
it identifies the significant opportunities for market growth in the coming years.
Automotive thermal systems can be segmented by components into compressor,
HVACs, powertrain cooling and fluid transport. The automotive thermal system
enhances the comfort of travelling in the vehicle and manages the temperature of
the key components in the vehicle. For example the powertrain cooling system
takes care of powertrain and prevents it from overheating or freezing. By
geography, the market has been segmented into North America, Europe, Asia
Pacific, and Rest of the World (RoW). The current market size and forecast until
2020 have been provided in the report.
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Increase in demand for automotive heating systems is among the major drivers of
the automotive thermal system market. Automotive heating and cooling systems
require sensors that can detect the engine and cabin temperatures.. Moreover,
increase in demand for luxury cars in the Asia Pacific and Europe regions is also
driving the thermal system market. The growth in demand for new advanced HVACs
which are much lighter in weight and environment friendly is driving the automotive
thermal system market particularly in North America.
Asia Pacific is one of the most attractive regions in automotive thermal system
market. The Asia-Pacific is experiencing a steep growth in the automotive thermal
system market. Implementation of new technologies such as HVAC systems for
thermal heating is driving the market in this region. Moreover, huge Infrastructure
development is driving the heavy vehicle market and construction equipment