The global automotive thermal management market is projected to rise by USD 26 billion by 2028, according to a new report by Gen Consulting Company. It is anticipated to expand at a CAGR of 4.8 percent during the forecast period.

This industry report offers market estimates of the global market, followed by a detailed analysis of the type, vehicle type, and region. The global market data on automotive thermal management can be segmented by type: engine cooling, cabin thermal management, transmission thermal management, waste heat recovery/exhaust gas recirculation thermal management, battery thermal management, motor and power electronics thermal management. Globally, the cabin thermal management segment made up the largest share of the automotive thermal management market. Automotive thermal management market is further segmented by vehicle type: passenger cars, commercial vehicles. The passenger cars segment captured the largest share of the market in 2021. Based on region, the automotive thermal management market is segmented into: Asia Pacific, Europe, North America, Rest of the World (RoW). According to the research, Asia-Pacific had the largest share in the global automotive thermal management market.

The global automotive thermal management market is highly competitive. The prominent players operating in the global automotive thermal management market include BorgWarner Inc., Dana Incorporated, Denso Corporation, Gentherm Incorporated, Hahn & Co. Auto Holdings Co. Ltd. (Hanon Systems), MAHLE GmbH, Modine Manufacturing Company, Robert Bosch GmbH, Valeo S.A.

The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.

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