Automotive Thermal System Market: Industry Analysis and Opportunity Assessment
Automotive thermal system is concern with the management of liquid, temperature and air. It increases the comfort of the passengers by taking care of the temperature inside the vehicle. The main components of automotive thermal system are powertrain cooling, ventilation & AC, battery thermal management, power device cooling and waste heat recovery. Implementation of new technologies such as HVAC systems for thermal heating is driving the market globally. The primary advantage of this advanced system is that it reduces the harmful gases emitted by the cooling system compressors without compromising on the cooling capacity. Implementation of new technologies and upgrade of existing ones is among the key drivers for the growth of this market globally. Increasing demand for thermal systems that run on alternative fuels such as bio-alcohols, liquid hydrogen, propane, P-Series fuels, and ethanol is a key opportunity for the growth of the market in the near future. The emerging business class in India and China along with the green revolution in the automotive industry is also driving the automotive thermal system market in Asia-Pacific. Increase in GDP levels, government norms and regulations, change in attitude of society towards the environment, and technological advancement are the key factors driving the automotive thermal system market. Obtain Report Details @ http://www.transparencymarketresearch.com/automotive-thermal-system-market.html Manufacturers of automotive transmission systems are investing significantly in research and development for innovation of latest technology in automotive transmission. ZF Technologies introduced the world’s first nine-speed automatic transmission system. This is likely to enhance fuel efficiency of vehicles considerably. There is a growing demand for vehicles with continuous variable transmission system. Driving a continuously variable transmission system is the same as driving a vehicle with automatic transmission, just that the engine revs up and down automatically. There is a growing demand for vehicles with continuously variable transmission due to its simplicity and enhanced performance. Therefore, this technology is likely to dominate the market in the coming years.