Table of Content

1 INTRODUCTION 25
1.1 OBJECTIVES 25
1.2 MARKET DEFINITION 25
1.2.1 INCLUSIONS & EXCLUSIONS 26
1.3 MARKET SCOPE 27
1.4 LIMITATIONS 28
1.5 STAKEHOLDERS 28

2 RESEARCH METHODOLOGY 29
2.1 RESEARCH DATA 29
2.2 SECONDARY DATA 31
2.2.1 KEY SECONDARY SOURCES FOR VEHICLE PRODUCTION AND ELECTRIC VEHICLE SALES 31
2.2.2 KEY SECONDARY SOURCES FOR MARKET SIZING 31
2.2.3 KEY DATA FROM SECONDARY SOURCES 32
2.3 PRIMARY DATA 33
2.3.1 SAMPLING TECHNIQUES & DATA COLLECTION METHODS 34
2.3.2 PRIMARY PARTICIPANTS 34
2.4 MARKET SIZE ESTIMATION 35
2.4.1 BOTTOM-UP APPROACH: THERMAL SYSTEM MARKET FOR AUTOMOTIVE 35
2.4.2 TOP-DOWN APPROACH: THERMAL SYSTEM MARKET FOR AUTOMOTIVE 36
2.5 MARKET BREAKDOWN AND DATA TRIANGULATION 37
2.6 ASSUMPTIONS & ASSOCIATED RISKS 38

3 EXECUTIVE SUMMARY 41

4 PREMIUM INSIGHTS 45
4.1 ATTRACTIVE OPPORTUNITIES IN THE THERMAL SYSTEM MARKET FOR AUTOMOTIVE 45
4.2 THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY REGION 46
4.3 THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY APPLICATION (ICE) 47
4.4 THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE (ICE) 48
4.5 ELECTRIC & HYBRID VEHICLE THERMAL SYSTEM MARKET, BY APPLICATION 49
4.6 THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY ELECTRIC VEHICLE TYPE 50
4.7 THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY TECHNOLOGY (ICE) 51
4.8 THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY COMPONENT 51

5 MARKET OVERVIEW 52
5.1 INTRODUCTION 52
5.2 YEARS CONSIDERED FOR THE STUDY 53
5.3 MARKET DYNAMICS 54
5.3.1 DRIVERS 54
5.3.1.1 Increasing stringency of emission regulation 54
5.3.1.2 Increasing demand for luxury and comfort features 56
5.3.2 RESTRAINTS 57
5.3.2.1 High cost of thermal system technology 57
5.3.3 OPPORTUNITIES 59
5.3.3.1 Advancements in mobility solutions 59
5.3.3.2 Increase in demand for electric vehicles 60
5.3.4 CHALLENGES 61
5.3.4.1 Lack of standardization 61
5.3.4.2 Low adoption of advanced thermal systems in developing countries 61
5.4 REVENUE MISSED: OPPORTUNITIES FOR THERMAL SYSTEM MANUFACTURERS OF AUTOMOTIVE 62
5.4.1 REVENUE SHIFT DRIVING MARKET GROWTH 62
5.5 THERMAL SYSTEM MARKET FOR AUTOMOTIVE, SCENARIOS (2018–2027) 63
5.5.1 THERMAL SYSTEM MARKET FOR AUTOMOTIVE, MOST LIKELY SCENARIO 63
5.5.2 THERMAL SYSTEM MARKET FOR AUTOMOTIVE, OPTIMISTIC SCENARIO 64
5.5.3 THERMAL SYSTEM MARKET FOR AUTOMOTIVE, PESSIMISTIC SCENARIO 64

6 THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY APPLICATION (ICE) 65
6.1 INTRODUCTION 66
6.1.1 RESEARCH METHODOLOGY 66
6.1.2 ASSUMPTIONS 66
6.1.3 INDUSTRY INSIGHTS 67
6.2 ENGINE COOLING 69
6.2.1 ENGINE DOWNSIZING AND GROWING DEMAND FOR LOW EMISSION ENGINES WILL BOOST THE MARKET 69
6.3 FRONT AIR CONDITIONING 70
6.3.1 INCREASING DEMAND FOR COMFORT AND ADVANCEMENTS IN TECHNOLOGY WILL UPSURGE THE FRONT AIR CONDITIONING SEGMENT 70
6.4 REAR AIR CONDITIONING 71
6.4.1 RISING AMOUNT OF TIME SPENT BY PEOPLE IN VEHICLES AND DEMAND FOR COMFORT FEATURES IS DRIVING THE REAR AIR CONDITIONING SEGMENT 71
6.5 TRANSMISSION SYSTEM 72
6.5.1 GROWING DEMAND FOR AUTOMATIC TRANSMISSION IN DEVELOPING COUNTRIES IS DRIVING THE TRASNMISSION SYSTEM SEGMENT 72
6.6 HEATED/VENTILATED SEATS 73
6.6.1 INCREASING DEMAND FOR CABIN COMFORT WILL DRIVE THE MARKET FOR HEATED/VENTILATED SEATS 73
6.7 HEATED STEERING 74
6.7.1 GROWING DEMAND FOR LUXURY VEHICLES WILL DRIVE THE HEATED STEERING MARKET 74
6.8 WASTE HEAT RECOVERY 75
6.8.1 EMISSION REGULATIONS AND INCREASING DEMAND FOR HYBRID VEHICLES WILL BOOST THE WASTE HEAT RECOVERY MARKET 75

7 THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY ICE VEHICLE TYPE 76
7.1 INTRODUCTION 77
7.1.1 RESEARCH METHODOLOGY 77
7.1.2 ASSUMPTIONS 78
7.1.3 INDUSTRY INSIGHTS 78
7.2 PASSENGER CAR 79
7.2.1 DEMAND FOR FUEL EFFICIENT PASSENGER CARS WILL DRIVE THIS SEGMENT 79
7.3 LIGHT COMMERCIAL VEHICLE (LCV) 81
7.3.1 HIGH DEMAND FOR LCVS IN NORTH AMERICA WILL DRIVE THE MARKET 81
7.4 TRUCK 82
7.4.1 GROWTH IN LARGE SCALE INDUSTRIES, LOGISTICS, AND CONSTRUCTION IN ASIA PACIFIC WILL DRIVE THE TRUCK MARKET 82
7.5 BUS 83
7.5.1 HIGH DEPENDENCE ON PUBLIC TRANSPORT WILL DRIVE THE MARKET 83

8 THERMAL SYSTEM MARKET FOR AUTOMOTIVE (ICE), BY TECHNOLOGY 85
8.1 INTRODUCTION 86
8.1.1 RESEARCH METHODOLOGY 86
8.1.2 ASSUMPTIONS 86
8.1.3 INDUSTRY INSIGHTS 86
8.2 ACTIVE TRANSMISSION WARM UP 88
8.2.1 FUEL ECONOMY AND FASTER TRANSMISSION TECHNOLOGY WILL DRIVE THE ACTIVE TRANSMISSION WARM UP MARKET 88
8.3 EGR 89
8.3.1 INCREASED ADOPTION OF SCR OVER EGR SYSTEMS TECHNOLOGY WILL SLOW DOWN THE EGR MARKET 89
8.4 ENGINE THERMAL MASS REDUCTION 90
8.4.1 DEMAND FOR FUEL EFFICIENT VEHICLES WILL DRIVE THE ENGINE THERMAL MASS REDUCTION MARKET 90
8.5 REDUCED HVAC SYSTEM LOADING 91
8.5.1 DEMAND FOR ENHANCED CABIN COMFRONT WILL DRIVE THE REDUCED HVAC SYSTEM LOADING MARKET 91
8.6 OTHERS 92
8.6.1 PERFORMANCE CARS WILL DRIVE THE THERMAL SYSTEM MARKET FOR OTHER TECHNOLOGIES 92

9 ELECTRIC & HYBRID VEHICLE THERMAL SYSTEM MARKET, BY APPLICATION 93
9.1 INTRODUCTION 94
9.1.1 RESEARCH METHODOLOGY 94
9.1.2 ASSUMPTIONS 95
9.1.3 INDUSTRY INSIGHTS 95
9.2 BATTERY THERMAL MANAGEMENT 97
9.2.1 GOVERNMENT POLICIES FOR ELECTRIC VEHICLES WILL BOOST THE DEMAND FOR BATTERY THERMAL SYSTEMS 97
9.3 TRANSMISSION SYSTEM 98
9.3.1 INCREASED DEMAND FOR AUTOMATIC TRANSMISSION WILL DRIVE THE MARKET 98
9.4 ENGINE COOLING 99
9.4.1 DEMAND FOR EFFICENT ENGINES WILL DRIVE THE ENGINE COOLING MARKET 99
9.5 FRONT AIR CONDITIONING 100
9.5.1 DEMAND FOR COMFORT AND CONVENIENCE WILL DRIVE THE FRONT AIR CONDITIONING MARKET 100
9.6 MOTOR THERMAL MANAGEMENT 101
9.6.1 DEMAND FOR ADVANCED ELECTRIC AND HYBRID POWERTRAINS WILL DRIVE THE MARKET 101
9.7 POWER ELECTRONICS 102
9.7.1 DEMAND FOR SMART HYBRID AND ELECTRIC VEHICLES WILL FUEL THE MARKET 102
9.8 REAR AIR CONDITIONING 103
9.8.1 INCREASED DEMAND FOR LUXUARY AND MID SEGMENT VEHICLES WILL BOOST THE REAR AIR CONDITIONING MARKET 103
9.9 HEATED/VENTILATED SEATS 104
9.9.1 DEMAND FOR CABIN COMFORT FEATURES WILL DRIVE THE MARKET FOR HEATED/VANTILATED SEATS 104
9.10 HEATED STEERING 105
9.10.1 DEMAND FOR LUXURY VEHICLES WILL UPSURGE THE HEATED STEERING MARKET 105
9.11 WASTE HEAT RECOVERY 106
9.11.1 NEW TECHNOLOGIES FOR WASTE HEAT RECOVERY WILL DRIVE THE MARKET 106

10 THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY ELECTRIC VEHICLE TYPE 107
10.1 INTRODUCTION 108
10.1.1 RESEARCH METHODOLOGY 108
10.1.2 ASSUMPTIONS 109
10.1.3 INDUSTRY INSIGHTS 109
10.2 BATTERY ELECTRIC VEHICLE (BEV) 111
10.2.1 GOVERNMENT SUBSIDIES AND INVESTMENTS IN CHARGING INFRASTRUCTURE WILL FUEL THE DEMAND FOR BEV THERMAL SYSTEMS 111
10.3 HYBRID ELECTRIC VEHICLE (HEV) 112
10.3.1 DEMAND FOR FUEL EFFICIENT AND POWERFUL VEHICLES WILL DRIVE HEV THERMAL SYSTEM MARKET 112
10.4 PLUG-IN HYBRID ELECTRIC VEHICLE (PHEV) 114
10.4.1 HIGHER RANGE OF PLUG-IN HYBRID VEHICLES WILL DRIVE THE PHEV THERMAL SYSTEM MARKET 114
10.5 FUEL CELL ELECTRIC VEHICLE (FCEV) 115
10.5.1 ADFVANTAGE OF BETTER FUEL ECONOMY WILL DRIVE THE FCEV THERMAL SYSTEM MARKET 115
10.6 48V MILD HYBRID VEHICLE 117
10.6.1 EMISSION REGULATIONS WILL DRIVE THE 48V MILD HYBRID THERMAL SYSTEM MARKET 117
11 THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY COMPONENT 119
11.1 INTRODUCTION 120
11.1.1 RESEARCH METHODOLOGY 120
11.1.2 ASSUMPTIONS 120
11.1.3 INDUSTRY INSIGHTS 121
11.2 AIR FILTER 123
11.2.1 MARKET TO BE DRIVEN BY DEMAND FOR COMPLEX FLOW GUIDANCE DESIGN, NEW FILTER ELEMENT CONCEPTS, AND HIGH-PERFORMANCE FILTERS 123
11.3 CONDENSER 124
11.3.1 MANUFACTURERS ARE FOCUSING ON PROVIDING CONDENSORS THAT REDUCES POWER CONSUMPTION AND INCREASES FUEL EFFICIENCY 124
11.3.1.1 Air conditioning condenser 124
11.3.1.2 Waste heat recovery condenser 124
11.3.1.3 Heated/ventilated seat and steering condenser 124
11.4 COMPRESSOR 126
11.4.1 GROWING TREND OF ADVANCED COMFORT AND CONVENIENCE FEATURES TO DRIVE THE COMPRESSOR MARKET 126
11.4.1.1 Air conditioning compressor 126
11.4.1.2 Waste heat recovery compressor 126
11.4.1.3 Heated/ventilated seat and steering compressor 126
11.5 WATER PUMP 127
11.5.1 DEMAND FOR INCREASING ENGINE EFFICIENCY IS ESTIMATED TO DRIVE WATER PUMP MARKET 127
11.6 MOTOR 128
11.6.1 MODERN MOTORS PROVIDE ADVANTAGES IN TERMS OF ROBUSTNESS, TEMPERATURE RESISTANCE, ELECTROMAGNETIC COMPATIBILITY, PACKAGING, AND EFFICIENCY WITH REGARD TO ENVIRONMENTAL INFLUENCES 128
11.6.1.1 Engine cooling motor 128
11.6.1.2 Air conditioning motor 128
11.7 HEAT EXCHANGER 130
11.7.1 INCREASING DEMAND FOR ELECTRIC & HYBRID VEHICLES THAT REQUIRE BATTERY THERMAL MANAGEMENT FOR BATTERY COOLING IS ESTIMATED TO DRIVE THE MARKET 130
11.7.1.1 Heat exchanger for engine cooling and transmission 130
11.7.1.2 Heat exchanger for air conditioning system and waste heat recovery 130
11.7.1.3 Heat exchanger for electric vehicle motor, battery, and power electronics 130
11.8 HEATER CONTROL UNIT 131
11.8.1 INCREASING DEMAND FOR MORE LUXURY AND COMFORT IS DRIVING THE DEMAND FOR HEAT CONTROL UNITS 131
11.9 THERMOELECTRIC GENERATOR 132
11.9.1 GROWING DEMAND FOR REDUCTION IN FUEL CONSUMPTION IS ESTIMATED TO DRIVE THE THERMOELECTRIC GENERATOR MARKET 132
11.10 ELECTRIC COMPRESSOR 133
11.10.1 GROWING DEMAND FOR ENVIRONMENT-FRIENDLY TECNOLOGY AND OPTIMAL PASSENGER COMFORT IS ESTIMATED TO DRIVE THE ELECTRIC COMPRESSOR MARKET 133
11.10.1.1 Air conditioning electric compressor 133
11.10.1.2 Waste heat recovery electric compressor 133
11.10.1.3 Heated/ventilated seat and steering electric compressor 133
11.11 ELECTRIC WATER PUMP 135
11.11.1 GROWTH OF ELECTRIC & HYBRID VEHICLES IS DRIVING THE ELECTRIC WATER PUMP MARKET 135
11.12 ELECTRIC MOTOR 136
11.12.1 HUGE INVESTMENTS IN ELECTRIC AND HYBRID VEHICLES WILL DRIVE THE ELECTRIC MOTOR MARKET 136
11.12.1.1 Engine cooling electric motor 136
11.12.1.2 Air conditioning electric motor 136

12 THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY REGION 138
12.1 INTRODUCTION 139
12.1.1 RESEARCH METHODOLOGY 139
12.1.2 ASSUMPTIONS/LIMITATIONS 139
12.1.3 INDUSTRY INSIGHTS 140
12.2 ASIA PACIFIC 141
12.2.1 ASIA PACIFIC VEHICLE PRODUCTION DATA 143
12.2.2 CHINA 144
12.2.2.1 Booming passenger vehicle demand will drive the Chinese market 144
12.2.2.2 China vehicle production data 144
12.2.3 INDIA 145
12.2.3.1 Growth in vehicle sales and demand for comfort features will drive the Indian market 145
12.2.3.2 India vehicle production data 146
12.2.4 JAPAN 147
12.2.4.1 Advanced technology features in cabin comfort will drive the Japanese market 147
12.2.4.2 Japan vehicle production data 147
12.2.5 SOUTH KOREA 148
12.2.5.1 Demand for luxury cars will drive the South Korean market 148
12.2.5.2 South Korea vehicle production data 148
12.2.6 THAILAND 150
12.2.6.1 Growing demand for automotive components will drive the Thai market 150
12.2.6.2 Thailand vehicle production data 150
12.2.7 REST OF ASIA PACIFIC 151
12.2.7.1 Growing demand for vehicles will drive the Rest of Asia Pacific market 151
12.2.7.2 Rest of Asia Pacific vehicle production data 151
12.3 EUROPE 153
12.3.1 EUROPE VEHICLE PRODUCTION DATA 154
12.3.2 GERMANY 155
12.3.2.1 High demand for premium cars will drive the German market 155
12.3.2.2 Germany vehicle production data 155
12.3.3 FRANCE 156
12.3.3.1 Production of mild hybrid vehicles and demand for advanced comfort features will drive the French market 156
12.3.3.2 France vehicle production data 156
12.3.4 UK 158
12.3.4.1 Strict emission norms will drive the UK market 158
12.3.4.2 UK vehicle production data 158
12.3.5 SPAIN 159
12.3.5.1 Huge demand for automotive components will drive the Spanish market 159
12.3.5.2 Spain vehicle production data 159
12.3.6 ITALY 161
12.3.6.1 Presence of premium vehicle manufacturers will drive the Italian market 161
12.3.6.2 Italy vehicle production data 161
12.3.7 RUSSIA 162
12.3.7.1 Increasing sales of passenger cars will drive the Russian market 162
12.3.7.2 Russia vehicle production data 162
12.3.8 REST OF EUROPE 164
12.3.8.1 Stringent emission norms and growing economy will drive the Rest of Europe market 164
12.3.8.2 Rest of Europe vehicle production data 164
12.4 NORTH AMERICA 165
12.4.1 NORTH AMERICA PACIFIC VEHICLE PRODUCTION DATA 166
12.4.2 US 167
12.4.2.1 High demand for green vehicles and advanced features in luxury vehicles will drive the US market 167
12.4.2.2 US vehicle production data 167
12.4.3 CANADA 169
12.4.3.1 Government policies and regulation standards to support EV growth will drive the Canadian market 169
12.4.3.2 Canada vehicle production data 169
12.4.4 MEXICO 170
12.4.4.1 Advanced technologies regarding thermal system solutions are estimated to drive the Mexican market 170
12.4.4.2 Mexico vehicle production data 170
12.5 ROW 172
12.5.1 ROW VEHICLE PRODUCTION DATA 172
12.5.2 BRAZIL 173
12.5.2.1 Presence of major automotive companies will drive the Brazilian market 173
12.5.2.2 Brazil vehicle production data 174
12.5.3 ARGENTINA 175
12.5.3.1 Emission policies for electric cars will drive the Argentinian market 175
12.5.3.2 Argentina vehicle production data 175
12.5.4 IRAN 176
12.5.4.1 Heavy investments in automotive sector will drive the Iranian market 176
12.5.4.2 Iran vehicle production data 176
12.5.5 REST OF ROW 178
12.5.5.1 New emission regulations will drive the Rest of RoW market 178
12.5.5.2 Rest of RoW vehicle production data 178

13 COMPETITIVE LANDSCAPE 180
13.1 OVERVIEW 180
13.2 MARKET RANKING ANALYSIS 180
13.3 COMPETITIVE LEADERSHIP MAPPING 182
13.3.1 TERMINOLOGY 182
13.3.2 VISIONARY LEADERS 182
13.3.3 INNOVATORS 182
13.3.4 DYNAMIC DIFFERENTIATORS 182
13.3.5 EMERGING COMPANIES 182
13.3.6 STRENGTH OF PRODUCT PORTFOLIO 184
13.3.7 BUSINESS STRATEGY EXCELLENCE 185
13.3.8 RIGHT TO WIN 186
13.4 COMPETITIVE SCENARIO 190
13.4.1 NEW PRODUCT DEVELOPMENTS/LAUNCHES 190
13.4.2 EXPANSION, 2017–2019 192
13.4.3 PARTNERSHIPS/CONTRACTS, 2017–2019 193

14 COMPANY PROFILES 196
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
14.1 DENSO CORPORATION 196
14.2 MAHLE GMBH 200
14.3 VALEO 204
14.4 HANON SYSTEMS 207
14.5 BORGWARNER INC. 212
14.6 GENTHERM 216
14.7 SCHAEFFLER AG 219
14.8 JOHNSON ELECTRIC HOLDINGS LTD. 221
14.9 DANA LIMITED 223
14.10 ROBERT BOSCH GMBH 226
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.
14.11 ADDITIONAL COMPANIES 228
14.11.1 EUROPE 228
14.11.1.1 Eberspcher 228
14.11.1.2 Continental AG 228
14.11.1.3 Voss automotive Inc. 228
14.11.1.4 Grayson thermal systems 228
14.11.2 NORTH AMERICA 229
14.11.2.1 Captherm systems 229
14.11.2.2 Dupont 229
14.11.2.3 Modine manufacturing company 229
14.11.2.4 BOYD corporation 229
14.11.3 ASIA PACIFIC 230
14.11.3.1 Sanden holdings corporation 230
14.11.3.2 Sanhua automotive 230
14.11.3.3 Shandong Houfeng Group 230

15 RECOMMENDATIONS BY MARKETSANDMARKETS 231
15.1 ASIA PACIFIC WILL BE THE MAJOR MARKET FOR THERMAL SYSTEM 231
15.2 ELECTRIC & HYBRID VEHICLE THERMAL SYSTEM APPLICATIONS CAN BE A KEY FOCUS FOR MANUFACTURERS 231
15.3 CONCLUSION 232
16 APPENDIX 233
16.1 PACKAGE SIZE 233
16.2 CURRENCY & PRICING 233
16.3 KEY INSIGHTS OF INDUSTRY EXPERTS 234
16.4 DISCUSSION GUIDE 235
16.5 KNOWLEDGE STORE 240
16.6 AVAILABLE CUSTOMIZATIONS 242
16.6.1 ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION COUNTRY WISE DATA 242
16.6.1.1 Battery Thermal System 242
16.6.1.2 Transmission system 242
16.6.1.3 Engine Cooling 242
16.6.1.4 Front Air Conditioning 242
16.6.1.5 Motor Thermal System 242
16.6.1.6 Power Electronics 242
16.6.1.7 Rear Air Conditioning 242
16.6.1.8 Heated/Ventilated Seats 242
16.6.1.9 Heated Steering 242
16.6.1.10 Waste Heat Recovery 242
16.6.2 ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY VEHICLE TYPE COUNTRY WISE DATA 242
16.6.2.1 BEV 242
16.6.2.2 PHEV 242
16.6.2.3 HEV 242
16.6.2.4 FCEV 242
16.6.2.5 Mild Hybrid 242
16.7 RELATED REPORTS 243
16.8 AUTHOR DETAILS 244



List of Figures

FIGURE 1 THERMAL SYSTEM MARKET FOR AUTOMOTIVE: MARKET SEGMENTATION 27
FIGURE 2 THERMAL SYSTEM MARKET FOR AUTOMOTIVE: RESEARCH DESIGN 29
FIGURE 3 RESEARCH DESIGN MODEL 30
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS 33
FIGURE 5 DATA TRIANGULATION 37
FIGURE 6 THERMAL SYSTEM FOR AUTOMOTIVE: MARKET OUTLOOK 41
FIGURE 7 THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY APPLICATION (ICE) 2019 VS. 2027 (USD MILLION) 43
FIGURE 8 STRINGENT EMISSION NORMS AND RISING DEMAND FOR ELECTRIC VEHICLES ARE EXPECTED TO DRIVE THE THERMAL SYSTEM MARKET FOR AUTOMOTIVE DURING THE FORECAST PERIOD 45
FIGURE 9 ASIA PACIFIC IS EXPECTED TO DOMINATE THE THERMAL SYSTEM MARKET
FOR AUTOMOTIVE 46
FIGURE 10 FRONT AIR CONDITIONING SEGMENT TO HOLD THE LARGEST MARKET BY 2027 47
FIGURE 11 PASSENGER CAR IS PROJECTED TO HOLD THE LARGEST MARKET BY 2027 48
FIGURE 12 WASTE HEAT RECOVERY SEGMENT TO GROW AT THE HIGHEST CAGR
DURING THE FORECAST PERIOD 49
FIGURE 13 BEV TO HOLD THE LARGEST MARKET DURING THE FORECAST PERIOD 50
FIGURE 14 EGR TO HOLD THE LARGEST MARKET DURING THE FORECAST PERIOD 51
FIGURE 15 HEAT EXCHANGER TO HOLD THE LARGEST MARKET DURING THE
FORECAST PERIOD 51
FIGURE 16 THERMAL SYSTEM FOR AUTOMOTIVE: MARKET DYNAMICS 54
FIGURE 17 LUXURY CAR SALES, 2019 VS. 2027 57
FIGURE 18 ELECTRIC AND HYBRID VEHICLE FORECAST FROM 2019 TO 2030 60
FIGURE 19 THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY APPLICATION (ICE) 2019 VS. 2027 (USD MILLION) 67
FIGURE 20 THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY ICE VEHICLE TYPE 2019 VS. 2027 (USD MILLION) 78
FIGURE 21 THERMAL SYSTEM MARKET FOR AUTOMOTIVE (ICE), BY TECHNOLOGY 2019 VS. 2027 (-000 UNITS) 87
FIGURE 22 ELECTRIC & HYBRID VEHICLE THERMAL SYSTEM MARKET, BY APPLICATION 2019 VS. 2027 (USD MILLION) 95
FIGURE 23 THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY ELECTRIC VEHICLE TYPE 2019 VS. 2027 (USD MILLION) 109
FIGURE 24 THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY COMPONENT 2019 VS. 2027 (USD MILLION) 121
FIGURE 25 THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY REGION 2019–2027 (USD MILLION) 140
FIGURE 26 ASIA PACIFIC THERMAL SYSTEM MARKET SNAPSHOT 142
FIGURE 27 EUROPE THERMAL SYSTEM MARKET SNAPSHOT 153
FIGURE 28 NORTH AMERICA: THERMAL SYSTEM MARKET FOR AUTOMOTIVE (ICE) SNAPSHOT 166
FIGURE 29 ROW: THERMAL SYSTEM MARKET FOR AUTOMOTIVE, 2019–2027 (USD MILLION) 172
FIGURE 30 THERMAL SYSTEM MARKET FOR AUTOMOTIVE: MARKET RANKING
ANALYSIS, 2018 180
FIGURE 31 THERMAL SYSTEM MANUFACTURERS FOR AUTOMOTIVE: COMPETITIVE LEADERSHIP MAPPING, 2018 183
FIGURE 32 THERMAL SYSTEM MANUFACTURERS FOR AUTOMOTIVE: COMPANY-WISE PRODUCT OFFERING ANALYSIS 184
FIGURE 33 THERMAL SYSTEM MANUFACTURERS FOR AUTOMOTIVE: COMPANY-WISE BUSINESS STRATEGY ANALYSIS 185
FIGURE 34 COMPANIES ADOPTED NEW PRODUCT DEVELOPMENTS & PARTNERSHIPS/ AGREEMENTS/SUPPLY CONTRACTS/COLLABORATIONS/JOINT VENTURES
AS THE KEY GROWTH STRATEGY, 2017–2019 189
FIGURE 35 DENSO CORPORATION: COMPANY SNAPSHOT 196
FIGURE 36 MAHLE GMBH: COMPANY SNAPSHOT 200
FIGURE 37 VALEO: COMPANY SNAPSHOT 204
FIGURE 38 HANON SYSTEMS: COMPANY SNAPSHOT 207
FIGURE 39 BORGWARNER INC.: COMPANY SNAPSHOT 212
FIGURE 40 GENTHERM: COMPANY SNAPSHOT 216
FIGURE 41 SCHAEFFLER AG: COMPANY SNAPSHOT 219
FIGURE 42 JOHNSON ELECTRIC HOLDINGS LTD.: COMPANY SNAPSHOT 221
FIGURE 43 DANA LIMITED: COMPANY SNAPSHOT 223
FIGURE 44 ROBERT BOSCH GMBH: COMPANY SNAPSHOT 226

List of Tables

TABLE 1 ASSUMPTIONS, ASSOCIATED RISKS, AND IMPACT 38
TABLE 2 EMISSION NORMS SPECIFICATIONS IN KEY COUNTRIES FOR PASSENGER CARS 55
TABLE 3 ADVANCED THERMAL SYSTEM TECHNOLOGY OFFERED BY KEY OEMS 56
TABLE 4 ECONOMIC COMPARISON OF OVER 60 THERMAL SYSTEM TECHNOLOGIES:
VALUE VS. COST OF CO2 REDUCTION 58
TABLE 5 ADOPTION RATE OF THERMAL SYSTEM IN PASSENGER CARS IN KEY COUNTRIES 61
TABLE 6 THERMAL SYSTEM MARKET FOR AUTOMOTIVE (MOST LIKELY), BY REGION 2017–2027 (USD MILLION) 63
TABLE 7 THERMAL SYSTEM MARKET FOR AUTOMOTIVE (OPTIMISTIC), BY REGION 2017–2027 (USD MILLION) 64
TABLE 8 THERMAL SYSTEM MARKET FOR AUTOMOTIVE (PESSIMISTIC), BY REGION 2017–2027 (USD MILLION) 64
TABLE 9 THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY APPLICATION (ICE) 2017–2027 (-000 UNITS) 68
TABLE 10 THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY APPLICATION (ICE) 2017–2027 (USD MILLION) 68
TABLE 11 ENGINE COOLING: THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY REGION, 2017–2027 (-000 UNITS) 69
TABLE 12 ENGINE COOLING: THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY REGION, 2017–2027 (USD MILLION) 69
TABLE 13 FRONT AIR CONDITIONING: THERMAL SYSTEM MARKET FOR AUTOMOTIVE BY REGION, 2017–2027 (-000 UNITS) 70
TABLE 14 FRONT AIR CONDITIONING: THERMAL SYSTEM MARKET FOR AUTOMOTIVE BY REGION, 2017–2027 (USD MILLION) 70
TABLE 15 REAR AIR CONDITIONING: THERMAL SYSTEM MARKET FOR AUTOMOTIVE BY REGION, 2017–2027 (-000 UNITS) 71
TABLE 16 REAR AIR CONDITIONING: THERMAL SYSTEM MARKET FOR AUTOMOTIVE BY REGION, 2017–2027 (USD MILLION) 71
TABLE 17 TRANSMISSION SYSTEM: THERMAL SYSTEM MARKET FOR AUTOMOTIVE BY REGION, 2017–2017 (-000 UNITS) 72
TABLE 18 TRANSMISSION SYSTEM: THERMAL SYSTEM MARKET FOR AUTOMOTIVE BY REGION, 2017–2017 (USD MILLION) 72
TABLE 19 HEATED/VENTILATED SEATS: THERMAL SYSTEM MARKET FOR AUTOMOTIVE BY REGION, 2017–2027 (-000 UNITS) 73
TABLE 20 HEATED/VENTILATED SEATS: THERMAL SYSTEM MARKET FOR AUTOMOTIVE BY REGION, 2017–2027 (USD MILLION) 73
TABLE 21 HEATED STEERING: THERMAL SYSTEM MARKET FOR AUTOMOTIVE BY REGION, 2017–2027 (-000 UNITS) 74
TABLE 22 HEATED STEERING: THERMAL SYSTEM MARKET FOR AUTOMOTIVE BY REGION, 2017–2027 (USD MILLION) 74
TABLE 23 WASTE HEAT RECOVERY: THERMAL SYSTEM MARKET FOR AUTOMOTIVE BY REGION, 2017–2027 (-000 UNITS) 75
TABLE 24 WASTE HEAT RECOVERY: THERMAL SYSTEM MARKET FOR AUTOMOTIVE BY REGION, 2017–2027 (USD MILLION) 75
TABLE 25 THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY ICE VEHICLE TYPE 2017–2027 (-000 UNITS) 79
TABLE 26 THERMAL SYSTEM MARKET FOR AUTOMOTIVE (ICE), BY VEHICLE TYPE 2017–2027 (USD MILLION) 79
TABLE 27 PASSENGER CAR: THERMAL SYSTEM MARKET, BY REGION 2017–2027 (-000 UNITS) 80
TABLE 28 PASSENGER CAR: THERMAL SYSTEM MARKET, BY REGION 2017–2027 (USD MILLION) 80
TABLE 29 THERMAL SYSTEM MARKET FOR LIGHT COMMERCIAL VEHICLE, BY REGION, 2017–2027 (-000 UNITS) 81
TABLE 30 THERMAL SYSTEM MARKET FOR LIGHT COMMERCIAL VEHICLE, BY REGION, 2017–2027 (USD MILLION) 81
TABLE 31 TRUCK: THERMAL SYSTEM MARKET, BY REGION, 2017–2027 (-000 UNITS) 82
TABLE 32 TRUCK: THERMAL SYSTEM MARKET, BY REGION, 2017–2027 (USD MILLION) 82
TABLE 33 BUS: THERMAL SYSTEM MARKET, BY REGION, 2017–2027 (-000 UNITS) 83
TABLE 34 BUS: THERMAL SYSTEM MARKET, BY REGION, 2017–2027 (USD MILLION) 84
TABLE 35 THERMAL SYSTEM MARKET FOR AUTOMOTIVE (ICE), BY TECHNOLOGY 2017–2027 (OOO’ UNITS) 87
TABLE 36 ACTIVE TRANSMISSION WARM UP: THERMAL SYSTEM MARKET FOR
AUTOMOTIVE, BY REGION, 2017–2027 (OOO’ UNITS) 88
TABLE 37 EGR: THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY REGION 2017–2027 (-000 UNITS) 89
TABLE 38 ENGINE THERMAL MASS REDUCTION: THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY REGION, 2017–2027 (-000 UNITS) 90
TABLE 39 REDUCED HVAC SYSTEM LOADING: THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY REGION, 2017–2027 (-000 UNITS) 91
TABLE 40 OTHERS: THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY REGION 2017–2027 (-000 UNITS) 92
TABLE 41 ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION 2017–2027 (-000 UNITS) 96
TABLE 42 ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY APPLICATION 2017–2027 (USD MILLION) 96
TABLE 43 BATTERY THERMAL MANAGEMENT: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY REGION, 2017–2027 (-000 UNITS) 97
TABLE 44 BATTERY THERMAL MANAGEMENT: ELECTRIC & HYBRID THERMAL SYSTEM MARKET, BY REGION, 2017–2027 (USD MILLION) 97
TABLE 45 TRANSMISSION SYSTEM: ELECTRIC & HYBRID VEHICLE THERMAL SYSTEM MARKET, BY REGION, 2017–2027 (-000 UNITS) 98
TABLE 46 TRANSMISSION SYSTEM: ELECTRIC & HYBRID VEHICLE THERMAL SYSTEM MARKET, BY REGION, 2017–2027 (USD MILLION) 98
TABLE 47 ENGINE COOLING: ELECTRIC & HYBRID VEHICLE THERMAL SYSTEM MARKET BY REGION, 2017–2027 (-000 UNITS) 99
TABLE 48 ENGINE COOLING: ELECTRIC & HYBRID VEHICLE THERMAL SYSTEM MARKET BY REGION, 2017–2027 (USD MILLION) 99
TABLE 49 FRONT AIR CONDITIONING: ELECTRIC & HYBRID VEHICLE THERMAL SYSTEM MARKET, BY REGION, 2017–2027 (-000 UNITS) 100
TABLE 50 FRONT AIR CONDITIONING: ELECTRIC & HYBRID VEHICLE THERMAL SYSTEM MARKET, BY REGION, 2017–2027 (USD MILLION) 100
TABLE 51 MOTOR THERMAL MANAGEMENT: ELECTRIC & HYBRID VEHICLE THERMAL SYSTEM MARKET, BY REGION, 2017–2027 (-000 UNITS) 101
TABLE 52 MOTOR THERMAL MANAGEMENT: ELECTRIC & HYBRID VEHICLE THERMAL SYSTEM MARKET, 2017–2027 (USD MILLION) 101
TABLE 53 POWER ELECTRONICS: ELECTRIC & HYBRID VEHICLE THERMAL SYSTEM MARKET, BY REGION, 2017–2027 (-000 UNITS) 102
TABLE 54 POWER ELECTRONICS: ELECTRIC & HYBRID VEHICLE THERMAL SYSTEM MARKET, BY REGION, 2017–2027 (USD MILLION) 102
TABLE 55 REAR AIR CONDITIONING: ELECTRIC & HYBRID VEHICLE THERMAL SYSTEM MARKET, BY REGION, 2017–2027 (-000 UNITS) 103
TABLE 56 REAR AIR CONDITIONING: ELECTRIC & HYBRID VEHICLE THERMAL SYSTEM MARKET, BY REGION, 2017–2027 (USD MILLION) 103
TABLE 57 HEATED/VENTILATED SEATS: ELECTRIC & HYBRID VEHICLE THERMAL SYSTEM MARKET, BY REGION, 2017–2027 (-000 UNITS) 104
TABLE 58 HEATED/VENTILATED SEATS: ELECTRIC & HYBRID VEHICLE THERMAL SYSTEM MARKET, BY REGION, 2017–2027 (USD MILLION) 104
TABLE 59 HEATED STEERING: ELECTRIC & HYBRID VEHICLE THERMAL SYSTEM MARKET BY REGION, 2017–2027 (-000 UNITS) 105
TABLE 60 HEATED STEERING: ELECTRIC & HYBRID VEHICLE THERMAL SYSTEM MARKET BY REGION, 2017–2027 (USD MILLION) 105
TABLE 61 WASTE HEAT RECOVERY: ELECTRIC & HYBRID VEHICLE THERMAL SYSTEM MARKET, BY REGION, 2017–2027 (-000 UNITS) 106
TABLE 62 WASTE HEAT RECOVERY: ELECTRIC & HYBRID VEHICLE THERMAL SYSTEM MARKET, BY REGION, 2017–2027 (USD MILLION) 106
TABLE 63 THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY ELECTRIC VEHICLE TYPE, 2017–2027 (-000 UNITS) 110
TABLE 64 THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY ELECTRIC VEHICLE TYPE, 2017–2027 (USD MILLION) 110
TABLE 65 TOP SELLING BEV MODELS & THERMAL SYSTEM APPLICATIONS, 2019 111
TABLE 66 BEV: THERMAL SYSTEM MARKET, BY REGION, 2017–2027 (-000 UNITS) 111
TABLE 67 BEV: THERMAL SYSTEM MARKET, BY REGION, 2017–2027 (USD MILLION) 112
TABLE 68 TOP SELLING HEV MODELS & THERMAL SYSTEM APPLICATIONS, 2019 112
TABLE 69 HEV: THERMAL SYSTEM MARKET, BY REGION, 2017–2027 (-000 UNITS) 113
TABLE 70 HEV: THERMAL SYSTEM MARKET, BY REGION, 2017–2027 (USD MILLION) 113
TABLE 71 TOP SELLING PHEV MODELS & THERMAL SYSTEM APPLICATIONS, 2017 114
TABLE 72 PHEV: THERMAL SYSTEM MARKET, BY REGION, 2017–2027 (-000 UNITS) 114
TABLE 73 PHEV: THERMAL SYSTEM MARKET, BY REGION, 2017–2027 (USD MILLION) 115
TABLE 74 TOP SELLING FCEV MODELS & THERMAL SYSTEM APPLICATIONS, 2019 115
TABLE 75 FCEV: THERMAL SYSTEM MARKET, BY REGION, 2017–2027 (-000 UNITS) 116
TABLE 76 FCEV: THERMAL SYSTEM MARKET, BY REGION, 2017–2027 (USD MILLION) 116
TABLE 77 TOP SELLING 48V MILD HYBRID MODELS & THERMAL SYSTEM
APPLICATIONS, 2019 117
TABLE 78 MILD HYBRID (48V) VEHICLE THERMAL SYSTEM MARKET, BY REGION 2017–2027 (-000 UNITS) 117
TABLE 79 MILD HYBRID (48V) VEHICLE THERMAL SYSTEM MARKET, BY REGION 2017–2027 (USD MILLION) 118
TABLE 80 THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY COMPONENT 2017–2027 (-000 UNITS) 122
TABLE 81 THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY COMPONENT 2017–2027 (USD MILLION) 122
TABLE 82 AIR FILTER: THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY REGION 2017–2027 (-000 UNITS) 123
TABLE 83 AIR FILTER: THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY REGION 2017–2027 (USD MILLION) 123
TABLE 84 CONDENSER: THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY REGION 2017–2027 (-000 UNITS) 125
TABLE 85 CONDENSER: THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY REGION 2017–2027 (USD MILLION) 125
TABLE 86 COMPRESSOR: THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY REGION 2017–2027 (-000 UNITS) 126
TABLE 87 COMPRESSOR: THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY REGION 2017–2027 (USD BILLION) 127
TABLE 88 WATER PUMP: THERMAL SYSTEM MARKET, BY REGION, 2017–2027 (-000 UNITS) 127
TABLE 89 WATER PUMP: THERMAL SYSTEM MARKET, BY REGION 2017–2027 (USD MILLION) 128
TABLE 90 MOTOR: THERMAL SYSTEM MARKET, BY REGION, 2017–2027 (-000 UNITS) 129
TABLE 91 MOTOR: THERMAL SYSTEM MARKET, BY REGION, 2017–2027 (USD MILLION) 129
TABLE 92 HEAT EXCHANGER: THERMAL SYSTEM MARKET FOR AUTOMOTIVE BY REGION, 2017–2027 (-000 UNITS) 130
TABLE 93 HEAT EXCHANGER: THERMAL SYSTEM MARKET FOR AUTOMOTIVE BY REGION, 2017–2027 (USD MILLION) 131
TABLE 94 HEATER CONTROL UNIT: THERMAL SYSTEM MARKET FOR AUTOMOTIVE BY REGION, 2017–2017 (-000 UNITS) 131
TABLE 95 HEATER CONTROL UNIT: THERMAL SYSTEM MARKET FOR AUTOMOTIVE BY REGION, 2017–2017 (USD MILLION) 132
TABLE 96 THERMOELECTRIC GENERATOR: THERMAL SYSTEM MARKET FOR AUTOMOTIVE BY REGION, 2017–2017 (-000 UNITS) 132
TABLE 97 THERMOELECTRIC GENERATOR: THERMAL SYSTEM MARKET FOR AUTOMOTIVE BY REGION, 2017–2017 (USD MILLION) 133
TABLE 98 ELECTRIC COMPRESSOR: THERMAL SYSTEM MARKET FOR AUTOMOTIVE BY REGION, 2017–2017 (-000 UNITS) 134
TABLE 99 ELECTRIC COMPRESSOR: THERMAL SYSTEM MARKET FOR AUTOMOTIVE BY REGION, 2017–2017 (USD MILLION) 134
TABLE 100 ELECTRIC WATER PUMP: THERMAL SYSTEM MARKET FOR AUTOMOTIVE BY REGION, 2017–2017 (-000 UNITS) 135
TABLE 101 ELECTRIC WATER PUMP: THERMAL SYSTEM MARKET FOR AUTOMOTIVE BY REGION, 2017–2017 (USD MILLION) 135
TABLE 102 ELECTRIC MOTOR: THERMAL SYSTEM MARKET FOR AUTOMOTIVE BY REGION, 2017–2017 (-000 UNITS) 136
TABLE 103 ELECTRIC MOTOR: THERMAL SYSTEM MARKET FOR AUTOMOTIVE BY REGION, 2017–2017 (USD MILLION) 137
TABLE 104 THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY REGION 2017–2027 (-000 UNITS) 140
TABLE 105 THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY REGION 2017–2027 (USD MILLION) 141
TABLE 106 SIA PACIFIC VEHICLE PRODUCTION 2014–2017 (-000 UNITS) 143
TABLE 107 ASIA PACIFIC: THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY COUNTRY 2017–2027 (-000 UNITS) 143
TABLE 108 ASIA PACIFIC: THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY COUNTRY 2017–2027 (USD MILLION) 143
TABLE 109 CHINA VEHICLE PRODUCTION, 2014–2017 (-000 UNITS) 144
TABLE 110 CHINA: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION 2017–2027 (-000 UNITS) 144
TABLE 111 CHINA THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION 2017–2027 (USD MILLION) 145
TABLE 112 INDIA: VEHICLE PRODUCTION, 2014–2017 (-000 UNITS) 146
TABLE 113 INDIA: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION 2017–2027 (-000 UNITS) 146
TABLE 114 INDIA: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION 2017–2027 (USD MILLION) 146
TABLE 115 JAPAN VEHICLE PRODUCTION, 2014–2017 (-000 UNITS) 147
TABLE 116 JAPAN: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION 2017–2027 (-000 UNITS) 147
TABLE 117 JAPAN: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION 2017–2027 (USD MILLION) 148
TABLE 118 SOUTH KOREA VEHICLE PRODUCTION, 2014–2017 (-000 UNITS) 148
TABLE 119 SOUTH KOREA: THERMAL SYSTEM MARKET FOR AUTOMTOIVE BY APPLICATION, 2017–2027 (-000 UNITS) 149
TABLE 120 SOUTH KOREA: THERMAL SYSTEM MARKET FOR AUTOMTOIVE BY APPLICATION, 2017–2027 (USD MILLION) 149
TABLE 121 THAILAND VEHICLE PRODUCTION, 2014–2017 (-000 UNITS) 150
TABLE 122 THAILAND: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION, 2017–2027 (-000 UNITS) 150
TABLE 123 THAILAND: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION, 2017–2027 (USD MILLION) 151
TABLE 124 REST OF ASIA PACIFIC VEHICLE PRODUCTION, 2014–2017 (-000 UNITS) 151
TABLE 125 REST OF ASIA PACIFIC: THERMAL SYSTEM MARKET FOR AUTOMTOIVE BY APPLICATION, 2017–2027 (-000 UNITS) 152
TABLE 126 REST OF ASIA PACIFIC: THERMAL SYSTEM MARKET FOR AUTOMTOIVE BY APPLICATION, 2017–2027 (USD MILLION) 152
TABLE 127 EUROPE VEHICLE PRODUCTION, 2014–2017 (-000 UNITS) 154
TABLE 128 EUROPE: THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY COUNTRY 2017–2027 (-000 UNITS) 154
TABLE 129 EUROPE: THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY COUNTRY 2017–2027 (USD MILLION) 154
TABLE 130 GERMANY VEHICLE PRODUCTION, 2014–2017 (-000 UNITS) 155
TABLE 131 GERMANY: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION, 2017–2027 (-000 UNITS) 155
TABLE 132 GERMANY: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION, 2017–2027 (USD MILLION) 156
TABLE 133 FRANCE VEHICLE PRODUCTION, 2014–2017 (-000 UNITS) 156
TABLE 134 FRANCE: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION 2017–2027 (-000 UNITS) 157
TABLE 135 FRANCE: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION 2017–2027 (USD MILLION) 157
TABLE 136 UK VEHICLE PRODUCTION, 2014–2017 (-000 UNITS) 158
TABLE 137 UK: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION 2017–2027 (-000 UNITS) 158
TABLE 138 UK: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION 2017–2027 (USD MILLION) 159
TABLE 139 SPAIN VEHICLE PRODUCTION, 2014–2017 (-000 UNITS) 159
TABLE 140 SPAIN: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION 2017–2027 (-000 UNITS) 160
TABLE 141 SPAIN: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION 2017–2027 (USD MILLION) 160
TABLE 142 ITALY VEHICLE PRODUCTION, 2014–2017 (-000 UNITS) 161
TABLE 143 ITALY: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION 2017–2027 (-000 UNITS) 161
TABLE 144 ITALY: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION 2017–2027 (USD MILLION) 162
TABLE 145 RUSSIA: VEHICLE PRODUCTION, 2014–2017 (-000 UNITS) 162
TABLE 146 RUSSIA: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION 2017–2027 (-000 UNITS) 163
TABLE 147 RUSSIA: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION 2017–2027 (USD MILLION) 163
TABLE 148 REST OF EUROPE VEHICLE PRODUCTION, 2014–2017 (-000 UNITS) 164
TABLE 149 REST OF EUROPE: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION, 2017–2027 (-000 UNITS) 164
TABLE 150 REST OF EUROPE: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION, 2017–2027 (USD MILLION) 165
TABLE 151 NORTH AMERICA VEHICLE PRODUCTION, 2014–2017 (-000 UNITS) 166
TABLE 152 NORTH AMERICA: THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY COUNTRY, 2017–2027 (-000 UNITS) 167
TABLE 153 NORTH AMERICA: THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY COUNTRY, 2017–2027 (USD MILLION) 167
TABLE 154 US VEHICLE PRODUCTION, 2014–2017 (-000 UNITS) 167
TABLE 155 US: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION 2017–2027 (-000 UNITS) 168
TABLE 156 US: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION 2017–2027 (USD MILLION) 168
TABLE 157 CANADA VEHICLE PRODUCTION, 2014–2017 (-000 UNITS) 169
TABLE 158 CANADA: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION 2017–2027 (-000 UNITS) 169
TABLE 159 CANADA: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION 2017–2027 (USD MILLION) 170
TABLE 160 MEXICO VEHICLE PRODUCTION, 2014–2017 (-000 UNITS) 170
TABLE 161 MEXICO: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION 2017–2027 (-000 UNITS) 171
TABLE 162 MEXICO: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION 2017–2027 (USD MILLION) 171
TABLE 163 ROW VEHICLE PRODUCTION 2014–2017 (-000 UNITS) 172
TABLE 164 ROW: THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY COUNTRY 2017–2027 (-000 UNITS) 173
TABLE 165 ROW: THERMAL SYSTEM MARKET FOR AUTOMOTIVE, BY COUNTRY 2017–2027 (USD MILLION) 173
TABLE 166 BRAZIL VEHICLE PRODUCTION, 2014–2017 (-000 UNITS) 174
TABLE 167 BRAZIL: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION 2017–2027 (-000 UNITS) 174
TABLE 168 BRAZIL: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION 2017–2027 (USD MILLION) 174
TABLE 169 ARGENTINA VEHICLE PRODUCTION, 2014–2017 (-000 UNITS) 175
TABLE 170 ARGENTINA: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION, 2017–2027 (-000 UNITS) 175
TABLE 171 ARGENTINA: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION, 2017–2027 (USD MILLION) 176
TABLE 172 IRAN VEHICLE PRODUCTION, 2014–2017 (-000 UNITS) 176
TABLE 173 IRAN: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION 2017–2027 (-000 UNITS) 177
TABLE 174 IRAN: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION 2017–2027 (USD MILLION) 177
TABLE 175 REST OF ROW VEHICLE PRODUCTION, 2014–2017 (-000 UNITS) 178
TABLE 176 REST OF ROW: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION, 2017–2027 (-000 UNITS) 178
TABLE 177 REST OF ROW: THERMAL SYSTEM MARKET FOR AUTOMTOIVE, BY APPLICATION, 2017–2027 (USD MILLION) 179
TABLE 178 NEW PRODUCT DEVELOPMENTS/LAUNCHES, 2017–2019 190
TABLE 179 EXPANSION, 2018 192
TABLE 180 PARTNERSHIPS/CONTRACTS/STRATEGIC COOPERATION, 2017–2019 193
TABLE 181 DENSO CORPORATION: ORGANIC DEVELOPMENTS (NEW PRODUCT DEVELOPMENTS/ EXPANSIONS) 198
TABLE 182 MAHLE GMBH: ORGANIC DEVELOPMENTS (NEW PRODUCT DEVELOPMENTS/ EXPANSIONS) 202
TABLE 183 MAHLE GMBH: INORGANIC DEVELOPMENTS 202
TABLE 184 VALEO: ORGANIC DEVELOPMENTS (NEW PRODUCT DEVELOPMENTS/ EXPANSIONS) 205
TABLE 185 VALEO: INORGANIC DEVELOPMENTS 205
TABLE 186 HANON SYSTEMS: ORGANIC DEVELOPMENTS (NEW PRODUCT DEVELOPMENTS/ EXPANSIONS) 209
TABLE 187 HANON SYSTEMS: INORGANIC DEVELOPMENTS 210
TABLE 188 BORGWARNER INC.: ORGANIC DEVELOPMENTS (NEW PRODUCT DEVELOPMENTS/ EXPANSIONS) 213
TABLE 189 BORGWARNER INC.: INORGANIC DEVELOPMENTS 214
TABLE 190 GENTHERM: INORGANIC DEVELOPMENTS 218
TABLE 191 SCHAEFFLER AG: ORGANIC DEVELOPMENTS (NEW PRODUCT DEVELOPMENTS/ EXPANSIONS) 220
TABLE 192 JOHNSON ELECTRIC HOLDINGS LTD.: ORGANIC DEVELOPMENTS (NEW PRODUCT DEVELOPMENTS/EXPANSIONS) 222
TABLE 193 DANA LIMITED: ORGANIC DEVELOPMENTS (NEW PRODUCT DEVELOPMENTS/ EXPANSIONS) 224
TABLE 194 DANA LIMITED: INORGANIC DEVELOPMENTS 225
TABLE 195 ROBERT BOSCH GMBH: ORGANIC DEVELOPMENTS (NEW PRODUCT DEVELOPMENTS/ EXPANSIONS) 227
TABLE 196 CURRENCY EXCHANGE RATES (WRT PER USD) 233