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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


Product Code : MNMAT00117947
Survey : MarketsandMarkets
Publish On : 04, August, 2022
Category : Automotive and Transportation
Study Area : North America (U.S. and Others), Europe (Germany, France, U.K. and Others), Asia-Pacific (Japan, China, India and Others), Rest of World (Brazil, Rest of Latin America, Middle East & Others)
Report format : PDF
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[Report Description]

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

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