MarketResearchNest.com adds “Global Commercial Vehicle Thermal Management Systems Market 2017-2021” new report to its research database. The report spread across 75 pages with table and figures in it.
Research analysts forecast the global commercial vehicle Thermal Management Systems market to grow at a CAGR of 2.21% during the period 2017-2021.
About Commercial Vehicle Thermal Management Systems
Automotive Thermal Management systems can be classified based on their applications in powertrain systems and passenger comfort systems. In powertrain systems, they can be mainly profiled under engine and transmission cooling, and in alternative fuel propulsion vehicles, they form a part of battery and power electronics thermal management. The components of thermal management system in alternative fuel propulsion vehicles mainly include coolant systems, lubrication systems, electric devices, and hardware and software subsystems to regulate powertrain-related thermal management.
Covered in this report
The report covers the present scenario and the growth prospects of the global commercial vehicle thermal management systems market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
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The market is divided into the following segments based on geography:
Technavio’s report, Global Commercial Vehicle Thermal Management Systems 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.
Technavio recognizes the following companies as the key players in the global commercial vehicle thermal management systems market: BorgWarner, Bosch, DENSO, Johnson Electric, Delphi Thermal, and Valeo.
Other Prominent Vendors in the market are: Cooper Standard, Dana Incorporated, Eberspächer, HELLA, Kendrion Automotive, MAHLE, TATA AUTOCOMP SYSTEMS LTD, and TitanX Engine Cooling.
Commenting on the report, an analyst from Research team said: “One trend in the market is development of electronic grille shutters. Modern engines are built with a limited number of moving parts, a smaller opening to allow air in, and a closed underbody. The smaller opening prevents sufficient amount of air from entering and dissipating the heat formed in the engine. Vehicle manufacturers have been trying to develop intelligent thermal management systems with components with increased heat resistance and better modeling to allow proper ventilation.”
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According to the report, one driver in the market is government mandate for fixing air conditioners in commercial vehicles. Air conditioners form a significant part of HVAC systems in commercial vehicle thermal management systems. Hence, increased penetration of air conditioning units in commercial vehicles will increase the value of thermal management systems used in vehicles during the forecast period. HCV drivers undertake long trips on a continuous basis to make their livelihood. Long hours of driving increase their fatigue levels and often numbs their driver reflexes, which increases the chances of accidents. A significant number of these accidents involve inattentive long-haul truckers. Therefore, the government of India intends to undertake measures that increase drivers’ comfort levels and avoid build-up of fatigue.
Further, the report states that one challenge in the market is increased engine temperatures in modern engines. Vehicle manufacturers have been undertaking engine downsizing since 2010 to increase the efficiency of vehicles, improve fuel economy, and decrease emissions. However, downsized engine produces large amounts of heat that may undermine the operational efficiency of thermal management systems by causing one or more components to malfunction. The efficiency of thermal management systems is greatly challenged even if a single component within the system dysfunctions. As commercial vehicles are subjected to harsh driving conditions and increased engine loads, the chances of having increased engine temperatures, subsequently leading to breaking down of the vehicle, are high.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;
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