Automotive Thermal System Industry Market Growth, Trends, Size, Share, Players, Product Scope, Regional Demand, COVID-19 Impacts and 2026 Forecast
Latest market research report on Global Automotive Thermal System Market published by Global Market Monitor, offers updated COVID-19 Impacts on global or regional Automotive Thermal System market.
Automotive thermal system is concerned with the management of liquid, temperature and air. It increases the comfort of the passengers by taking care of the temperature inside the vehicle. The main components of automotive thermal system are powertrain cooling, ventilation & AC, battery thermal management, power device cooling and waste heat recovery.
Rising costs of automotive thermal systems are the main challenges constraining market growth, with higher cost of advanced and improved technologies and significant investment in research and development, which in turn increases the cost of thermal systems, leading to higher car prices.
The implementation of new technologies such as HVAC is driving