Engine Thermal Management Market to Record 6.73% CAGR to 2021, States MicroMarketMonitor in In-demand Report Published at MarketPublishers.com04 Oct 2016 • by Natalie Aster
LONDON – The world engine thermal management sector is anticipated to reach USD 8.97 billion in 2016, and further recording a 6.73% CAGR to amount to USD 12.42 billion by end-2021. European and North American markets are expected to see considerable growth in the next 5–10 years, with Europe ultimately set to grab the largest market share. Dominant OEMs and Tier-1 firms in Europe are pioneers in engine thermal management technology, on account of the tough emission standards across the region.
Electrically powered fans, electrically driven water pumps and viscous couplings represent some of the advances in thermal management system technology.
Dominant players involved in the industry encompass Mahle GmbH, Schaeffler Technologies AG, BorgWarner Inc., Sogefi S.p.A., and Valeo SA. These manufacturers offer a vast scope of engine thermal management components and products. Regional automotive associations like Japan Automotive Manufacturers Association, Society of Indian Automotive Manufacturers, and European Automobile Manufacturers Association, among others, also take the lead in the industry.
Insightful research report “Thermal Management Market for Passenger Cars” elaborated by MicroMarketMonitor is designed to give deep insights into the marketplace. The study analyses and forecasts of the OE market size based on value and volume for the automotive engine thermal management market during 2016-2021. It provides forecasts of the volume and value of market segments across the 4 key regions namely Europe, North America, APAC, and RoW; as well as providing value and volume forecasting for each segment based on country and by vehicle type. The report offers detailed information relating to the key factors impacting the expansion and growth of the engine thermal management system marketplace, such as driving forces, opportunities and restraints. The research report sheds light on the opportunities in the market and canvasses the competitive landscape for the leaders in the markets. The report keeps track of, and gives an analysis of the competitive developments like JVs, M&As, new product developments, and R&Ds in the automotive engine thermal management system marketplace.
More comprehensive research studies by the publisher are provided at MicroMarketMonitor page.