Jun 22, 2021   SOURCE: BusinessWire

Global Automotive Thermal System Market Report 2021: Market to Reach $71.2 Billion by 2027 - Compressor Segment to Account for $18 Billion - ResearchAndMarkets.com

The "Automotive Thermal System - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Automotive Thermal System Market to Reach $71.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Automotive Thermal System estimated at US$46 Billion in the year 2020, is projected to reach a revised size of US$71.2 Billion by 2027, growing at a CAGR of 6.4% over the analysis period 2020-2027.

Compressor, one of the segments analyzed in the report, is projected to record a 6.3% CAGR and reach US$18 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the HVAC segment is readjusted to a revised 6.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $12.4 Billion, While China is Forecast to Grow at 9.7% CAGR

The Automotive Thermal System market in the U.S. is estimated at US$12.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$15.3 Billion by the year 2027 trailing a CAGR of 9.7% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 5.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

Powertrain Cooling Segment to Record 6.1% CAGR

In the global Powertrain Cooling segment, USA, Canada, Japan, China and Europe will drive the 5.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$10 Billion in the year 2020 will reach a projected size of US$14.6 Billion by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$9.7 Billion by the year 2027, while Latin America will expand at a 7.3% CAGR through the analysis period.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS (Total 47 Featured):

  • Calsonic Kansei Corporation
  • Daikin Industries Ltd.
  • Denso Corporation
  • Gentherm, Inc.
  • Grayson Thermal Systems Corp.
  • Lennox International, Inc.
  • MAHLE GmbH
  • Modine Manufacturing Company
  • Sanden Holdings Corporation
  • United Technologies Corporation (UTC)
  • Valeo SA
  • Visteon Corporation

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

  • World Current & Future Analysis for Automotive Thermal System by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • World Historic Review for Automotive Thermal System by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • World 15-Year Perspective for Automotive Thermal System by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2020 & 2027
  • World 15-Year Perspective for Compressor by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2020 & 2027
  • World 15-Year Perspective for HVAC by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2020 & 2027
  • World 15-Year Perspective for Powertrain Cooling by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2020 & 2027
  • World 15-Year Perspective for Fluid Transport by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2020 & 2027

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 47

For more information about this report visit https://www.researchandmarkets.com/r/gnaick