[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.
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