Growth
of the automotive industry is spearheaded by latest technological
advances. While the market for automobiles has been exhibiting steady
growth in the last decade or so, new technologies for vehicles are
emerging at a blistering pace. It’s interesting to note that when
Jack Kilby invented the first integrated circuit, he was driven in
part by the ardor of discovering a replacement for the
heat-generating vacuum tube in use back in the time. Now that we have
ventured into the new era of pervasive automotive electronics, our
focus has once again turned to resolving the fundamental problem of
heat generation in vehicles. The only difference is that this time,
engineers are seeking ways to protect the very electronic systems and
ICs that Kilby had propagated.
With
the technological landscape of the automotive industry advancing at a
pace faster than ever, the most prominent names in the vehicle
industry are striving to keep up with the latest innovations. This is
certainly a key factor driving both the automotive industry and the
global automotive thermal system market.
An
automotive thermal system is an umbrella term that that refers to
heat ventilation systems, air conditioning, powertrain device
cooling, battery thermal management, and waste heat recovery. These
components comprise the heating and ventilation systems in a vehicle.
Globally, the automotive thermal system market stood at US$32.20
billion in 2013 and, according to leading market intelligence firms,
the market is poised to grow to US$48.48 billion by 2020. If the
market figures hold true, the global automotive thermal systems
market will exhibit a steady 6.0% CAGR between 2014 and 2020.
Browse
Market Research Report of Automotive Thermal System:
Stringent
Environmental Regulations Will Give an Impetus to the Automotive
Thermal System Market
Proliferation
of the latest technologies and heightened concerns related to
eco-depletion triggered by rising carbon emissions have led to a
paradigm shift in consumer preference. Considering the changing
landscape of the automotive industry, adopting the latest innovations
is touted as the way forward for key vendors. By integrating advanced
automotive thermal systems in their vehicles, manufacturers are
seeking ways to expand their businesses amidst the dynamic market
trends.
When
investing in vehicles, consumers seek better comfort. The latest
automotive thermal technology ensures enhanced comfort to consumers
while travelling. Their intrinsic features enable these systems to
effectively manage the temperature within the vehicle, which is a key
component that consumers expect to have in their cars. For instance,
powertrain cooling systems prevent overheating of the vehicle’s
powertrain, ensuring optimum performance across a wider temperature
range. These benefits provided by automotive thermal systems are a
major driver for the global automotive thermal system market.
Browse
Market Research Press Release of Automotive Thermal System Market:
Owing
to mounting regulatory pressure, companies in the automotive thermal
system market have started focusing more on the efficient reduction
of carbon emissions. Hence, stringent emission compliances and
increased usage of eco-friendly coolants are the major factors
driving the global automotive thermal system market. Lately, Europe
and Asia Pacific have exhibited increasing demand for luxury cars,
which is expected to give a significant boost to the automotive
thermal market. Additionally, the global automotive thermal system
market is also gaining momentum from the increasing demand for
lightweight and environment-friendly HVAC systems.
Request
a Sample of this Report
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4400
About Us
Transparency Market Research (TMR) is a global market intelligence
company, providing global business information reports and services.
Our exclusive blend of quantitative forecasting and trends analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of Analysts, Researchers, and Consultants,
use proprietary data sources and various tools and techniques to
gather and analyze information.
Our data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
Contact
Mr. Atil Choudhari
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
No comments:
Post a Comment