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Global Automotive Thermal Management System Market 2017-2021

Global Automotive Thermal Management System Market 2017-2021

About Automotive Thermal Management System

Automotive thermal management system (TMS) technologies are primarily used for reducing fuel emissions and improving passenger comfort. Its major functions include reducing thermal loads, transferring heat efficiently, and reusing of waste heat. An automotive TMS monitors and controls the operating temperature of various automobile systems such as power electronics, battery, electric drive units, engine, transmission, and passenger cabin area to improve the efficiency and prevent damage to the components.

Technavio’s analysts forecast the global automotive thermal management system market to grow at a CAGR of 7.18% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global automotive thermal management system market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Automotive Thermal Management System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Denso
  • Gentherm
  • MAHLE
  • Valeo
Other prominent vendors
  • AVID
  • BorgWarner
  • Bosch
  • CapTherm Systems
  • Dana
  • DuPont
  • Hanon Systems
  • VOSS Automotive
Market driver
  • Growing adoption of integrated TMS for vehicle components
  • For a full, detailed list, view our report
Market challenge
  • Increasing cost pressure on OEMs and suppliers from demand side
  • For a full, detailed list, view our report
Market trend
  • Evolution of PCM and GIHP
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Automotive Thermal Management System Market 2017-2021

Technavio recognizes the following companies as the key players in the global automotive thermal management system market: Denso, Gentherm, MAHLE, and Valeo.

Other Prominent Vendors in the market are: AVID, BorgWarner, Bosch, CapTherm Systems, Dana, DuPont, Hanon Systems, and VOSS Automotive.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is evolution of PCM and GIHP. The emergence of high-density batteries and fast chargers in the EV market has led to an increase in the heat generation of battery packs. As the batteries consume less space, the heat is quickly generated in cells and in a higher amount since there is less space to dissipate it. Fast chargers increase the reaction rates in the battery cells to quickly fill the battery capacity in a few hours. This again increases the generation of heat.”

According to the report, one driver in the market is growing adoption of integrated TMS for vehicle components. TMS suppliers and OEMs are following the trend of integrating two or more systems to reduce the weight and size, thus involving less energy consumption. In EVs, hybrid vehicles, or ICE vehicles with the 48V/12V start-stop system, OEMs are integrating power electronics components into the same module such as a belt starter generator, electric drive (motor, generator, or inverter), and inverter-converter modules. Hence, the integration and sharing of a common TMS for battery and other electric drive components are gaining prominence.

Further, the report states that one challenge in the market is increasing cost pressure on OEMs and suppliers from demand side. The automotive industry has witnessed a structural change post the fiscal crisis of 2008 with some of the North American OEMs reaching the verge of bankruptcy. An introspective view of this situation shows how OEMs had been undertaking voluntary losses to cater to the requirements of price-sensitive consumers without pushing much of the liability and risk to the other stakeholders in the value chain (includes tire-1 suppliers and component manufacturers). OEMs adopted a business model of distributing the cost and the risk of recall or component failure to respective component manufacturers.

Companies Mentioned

Denso, Gentherm, MAHLE, Valeo, AVID, BorgWarner, Bosch, CapTherm Systems, Dana, DuPont, Hanon Systems, and VOSS Automotive.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Approximate output power, coolant waste heat, and exhaust waste heat as percentage of input power from major vehicle powertrain components
      • Table Global automotive industry 2016- 2021 (million units)
  • Market landscape
    • Market overview
      • Table Global automotive TMS market landscape
    • Market size and forecast
      • Table Global automotive TMS market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by vehicle type
    • Market overview
      • Table Global automotive TMS market by vehicle type 2016 (%)
      • Table Global automotive TMS market by vehicle type 2021
    • Market size and forecast
      • Table Global ICE vehicle TMS market 2016-2021 ($ billions)
      • Table Global APV TMS market 2016-2021 ($ billions)
  • Geographical segmentation
    • Market overview
      • Table Global automotive TMS market by geography 2016 (%)
      • Table Global automotive TMS market by geography 2021 (%)
    • Automotive TMS market in APAC
      • Table APAC automotive TMS market 2016-2021 ($ billions)
    • Automotive TMS market in the Americas
      • Table Automotive TMS market in the Americas 2016-2021 ($ billions)
    • EMEA automotive TMS market
      • Table Automotive TMS market in EMEA 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Evolution of PCM and GIHP
    • Ease of diagnosis through CAN bus interface and supporting sensor units
    • Waste heat management
    • Influence of nanotechnologies
  • Vendor landscape
    • Competitive benchmarking
      • Table Competitive benchmarking of global automotive TMS market 2016
    • IP landscape
      • Table Patents related to automotive thermal management systems
    • Other prominent vendors
  • Key vendor analysis
    • Denso
      • Table Denso: Recent developments
    • Gentherm
      • Table Gentherm: Recent developments
    • MAHLE
      • Table MAHLE: Recent developments
    • Valeo
      • Table Valeo: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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