The Worldwide Automotive Thermal Systems Industry is Expected to Reach $49.1 Billion by 2026 - ResearchAndMarkets.com
The global automotive thermal system market is projected to grow from USD 40.9 billion in 2021 to USD 49.1 billion in 2026, at a CAGR of 3.7%.
- The global automotive thermal system market is projected to grow from USD 40.9 billion in 2021 to USD 49.1 billion in 2026, at a CAGR of 3.7%.
- Asia Pacific is expected to be the largest market for automotive thermal systems market during the forecast period, and the passenger car segment is expected to be the leading segment of the market.
- Battery thermal management segment, by application in electric and hybrid vehicle, is the largest market for automotive thermal systems in electric and hybrid vehicles.
- Increased demand for luxury cars with superior cabin comfort has spurred the demand for automotive thermal systems in this region.