세계 자동차 열 관리 시장 규모는 2023년 610억 2,000만 달러에서 2024년부터 2031년까지 예측 기간 동안 5.05%의 연평균 복합 성장률(CAGR)을 나타내고, 2031년에는 905억 달러 규모로 성장할 것으로 예상됩니다.
고성능, 고급차 및 풀사이즈 차량에 대한 수요 증가와 탄소 배출에 대한 엄격한 규제가 세계 자동차 열 시스템 시장 수요를 견인할 것으로 예상됩니다. 또한, 자율주행차 및 반자율주행차에 대한 수요 증가와 관련 기술의 급속한 발전도 예측 기간 동안 시장 성장을 가속할 것으로 예상됩니다. 시장 업체들은 자동차 열 시스템의 내구성을 향상시키기 위해 다양한 R&D 활동에 투자하고 있으며, 효율성을 높이기 위해 중형 및 대형 SUV와 고급 차량에 고성능 열 시스템을 통합하고 있어 자동차 열 관리 시스템에 대한 수요가 증가하고 있습니다.
또한, 자동차 열 관리 시장 진출기업들은 더 나은 사용자 경험과 차량 내 안락함을 위한 단열에 대한 요구가 증가함에 따라 시장 성장을 크게 촉진하고 있습니다. 또한, 시장 참여자들은 높은 시장 점유율을 확보하고 제품 포트폴리오를 확장하기 위한 전략을 채택하고 있습니다.
커넥티드카 및 고급차에 대한 높은 수요로 시장 성장 촉진:
고급차 내부의 전자 부품과 비전자 부품의 통합이 진행됨에 따라 전 세계적으로 열 과부하로 인한 자동차 열 관리 시스템에 대한 수요가 증가하고 있습니다. 고급차에는 에어백, 냉난방이 완비된 안락한 좌석 등 편의 기능, 첨단 기능, 높은 안전 대책이 장착되어 있습니다. 소비자의 가처분 소득 증가, CO2 배출량 감소, 생활수준의 긍정적 변화, 연비 효율을 높이기 위한 고급 차량에 첨단 열 시스템의 급속한 통합으로 고급 차량에 대한 수요가 증가하고 있어 자동차 열 관리 시스템에 대한 수요가 더욱 증가하고 있습니다. 또한, 진입 업체들은 CO2를 줄이고 차량 내부의 편안함을 높이기 위해 환경 친화적인 모빌리티 솔루션을 구축하고 있습니다.
정부 규정 준수와 규제가 원동력이 되다:
정부는 교통 안전, 차량 안전, 엄격한 배기가스 규제를 위해 다양한 규제를 마련하고 있습니다. 정부는 또한 전기자동차의 생산과 채택을 장려하기 위해 전기자동차 구매자와 판매자에게 인센티브와 보조금을 제공합니다. 이에 따라 자동차 제조업체들은 엔진 효율을 높이기 위해 전기자동차에 투자하고 있습니다. 업체들이 첨단 전기자동차를 시장에 출시할 때, 전기 엔진 배터리와 관련된 안전 문제를 중요하게 고려해야 합니다. 전기자동차의 열 관리 시스템은 배터리 팩을 이상적인 온도 범위로 유지하여 엔진 성능과 배터리 수명을 향상시키는 데 필수적입니다. 따라서 정부의 엄격한 규정과 규제는 세계 자동차 열 관리 시스템 시장의 성장을 지원하는 주요 원동력이 되고 있습니다.
세계 자동차 열관리(Automotive Thermal Management) 시장을 조사했으며, 시장 정의와 개요, 시장 규모 추이와 예측, 각종 부문별/지역별 상세 분석, 산업 구조, 시장 성장에 영향을 미치는 요인 분석, 사례 연구, 경쟁 구도, 주요 기업 프로파일 등의 정보를 정리하여 전해드립니다.
Global automotive thermal management market is anticipated to observe a CAGR of 5.05% during the forecast period 2024-2031, accelerating from USD 61.02 billion in 2023 to USD 90.5 billion in 2031. The growing demand for luxurious and full-size vehicles with high-performance cabin comfort and stringent regulations for carbon emissions are projected to drive the global automotive thermal systems market demand. In addition, the growing demand for autonomous and semi-autonomous vehicles and rapid technological advancements in automotive are propelling the growth of the global automotive thermal management market in the forecast period. The market players are investing in different research and development activities to improve the durability of automotive thermal systems and significantly integrate high-performance thermal systems into mid- and full-size SUVs and luxury vehicles to enhance efficiency, which results in rising demand for automotive thermal management systems. Therefore, the rise in sales of mid and full-size SUVs and luxury vehicles with high-performance features and advanced cabin comfort is projected to drive the global automotive thermal management market growth in the forecast period.
In addition, market players in the automotive thermal management market are putting stress on rising requirements for a better user experience and heat insulation for cabin comfort which further drives the market growth more significantly. Also, market players are adopting strategies for capturing the highest market share and expanding the product portfolio.
For instance, in January 2024, Bosch Rexroth AG announced a successful partnership with Modine Manufacturing Company to efficiently address the demand of end-users with the most productive machine possible and bring Modine EVantage thermal management systems to the Bosch Rexroth portfolio of eLION goods for electrified off-highway machinery across the globe.
High Demand for Connected and Luxurious Vehicles Pushes Market Growth
The growing integration of electronic and non-electronic components inside luxurious vehicles propels the demand for automotive thermal management systems globally due to heat overindulgence. Luxurious vehicles are equipped with comfort features, advanced features, and high safety measures such as airbags, heated and cooled comfortable seats, and others. The demand for luxurious vehicles is rising due to an increase in the disposable income of consumers, less CO2 emission, positive change in living standards, and rapid integration of advanced thermal systems into luxurious vehicles to fuel efficiency, which further results in a rising need for automotive thermal management systems. Therefore, the growing demand for connected and luxurious vehicles with high-performance safety features and comfort will drive the global automotive thermal management market growth in the forecast period. In addition, the market players are presenting innovative thermal management technologies in luxurious as well as buses of all sizes to lower CO2 and create greener mobility solutions to enhance cabin comfort.
For instance, in September 2023, Valeo Inc. presented its innovative thermal management technologies for different types of vehicles, including luxurious cars, buses, and others, to provide uncompromised thermal comfort, fleet-efficient solutions, and the highest level of safety with zero carbon emissions.
Advancement in the Automotive Thermal Management System Positively Impacts the Market
In the automotive industry, advancements in components, safety features, and electrical and electric components are essential for cabin comfort. The advancement in the electrical and non-electrical components inside the vehicles propels the demand for automotive thermal management systems due to the overindulgence of heat. In addition, the innovations in components have significantly grown due to rising powertrain electrification and automation in both commercial vehicles as well as passenger cars. In addition, vendors are adding smart and advanced thermal solutions to new energy vehicles and are ready to shift toward electric mobility. However, manufacturers offer smart automotive thermal management systems for automobiles to achieve the dual aims of advancing driver working conditions throughout the hot summer season and promoting fuel efficiency.
For instance, in September 2023, DENSO Corporation announced the launch of 'Everycool,' a vehicle thermal cooling system that provides energy efficiency, improves environmental impact, and provides comfort when a commercial vehicle's engine is off.
Government Compliance and Regulations Act as a Driver
The governments are setting up different regulations for road safety, vehicle safety, and stringent emission regulations. The government is also providing incentives and subsidies to buyers and sellers of electric vehicles to encourage the production and adoption of electric vehicles. Henceforth, manufacturers are investing in electric vehicles to improve engine efficiency because they are compelled by government regulations. As the vendors launch advanced electric vehicles in the market, they need to emphasize safety issues regarding electric engine batteries. The automotive thermal management system in electric vehicles is essential because it helps keep battery packs within the ideal temperature range to advance the engine's performance and battery lifespan. Therefore, the government's stringent rules and regulations are a key driver projected to support the growth of the global automotive thermal management system market.
For instance, in January 2024, the Indian government promoted the adoption of zero-emission vehicles, including electric vehicles, through initiatives and policies such as FAME II, the National Mission for Transformative Mobility and Storage, and the Phased Manufacturing Program (PMP).
Battery Thermal Management Dominates the Market Growth
The battery thermal management segment registers market growth due to the popularity of electric vehicles. Across developing nations, there is an increase in demand for electric vehicles due to rapid integration of ADAS and advanced safety features. Companies are constantly advancing battery-powered passenger cars that are cost-effective and durable. Automotive thermal systems for traction motors, power electronic modules, and batteries, coupled with additional weight, including cabin heating and other electric components, would become essential factors that support the driving range, vehicle lifespan, and increased performance. Therefore, an increase in battery electric vehicles and plug-in hybrid vehicles is anticipated to propel the automotive thermal management market in the forecast period. The manufacturers are investing in research and development activities for sustainable electromobility coupled with zero traffic fatalities within society.
For instance, in November 2023, DENSO Corporation announced an investment of USD 67 billion in research and development over the coming ten years to enable the rising shift towards electric-powered engines and battery thermal management solutions, coupled with its pursuit of zero emissions.
Asia-Pacific Registers the Largest Market Share
Asia-Pacific dominates the largest market revenue share due to the growing need for vehicles due to the increase in per capita income of the middle-class population, change in preferences of consumers, and rising trend of modifications. In emerging countries, the production and sales of vehicles are rising due to increasing government regulations and the growing prevalence of hybrid vehicles. It is projected that China has the largest market share for thermal systems because of rapid production and sales of vehicles and the presence of popular market players. In addition, an increase in the disposable income of consumers fosters the demand for mid- and full-size SUVs, which further results in an increase in the demand for automotive thermal management systems in the APAC region. The companies in the APAC region are collaborating to enhance their product portfolio and expand across the different regions.
For instance, in May 2022, Modine Manufacturing Company, a leading designer and manufacturer of thermal management solutions in APAC automotive thermal management systems, announced the launch of a new thermal management system product line designed for commercial electric vehicles. This system will offer customers full control of battery temperature in all environments.
Future Market Scenario (2024-2031F)
Rapid trend of automobile modifications is projected to propel the global automotive thermal management market growth in the forecast period.
The rise in petrol and diesel prices and increasing sales of electric vehicles in emerging countries will further accelerate the global automotive thermal management market.
Integration of advanced safety features and smart thermal management solutions into vehicles pushes the demand for automotive thermal management shortly.
Companies are working to expand their product portfolio, driving the growth of the global market in the forecast period.
Key Players Landscape and Outlook
Key participants in the automotive thermal management market include DENSO Corporation, Gentherm Incorporated, Hanon Climate Systems India Pvt. Ltd., and BorgWarner Inc. Key companies are investing in different research and development activities to increase their product portfolio, which further results in accelerating the growth of automotive thermal management system. Companies are also adopting strategic steps to expand their footprint globally, by launching new products, increasing investments, collaborating, and announcing partnerships with other market players, and contractual agreements.
In January 2023, Grayson Thermal Systems launched a vehicle thermal management system to optimize the driving range for electric buses, off-highway applications, and commercial vehicles.
In December 2023, Valeo announced a collaboration with FUCHS to develop thermal management solutions for battery energy storage and strengthen the leading positions of both companies in the thermal management field.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.