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. The manufacturers of HVAC systems have replaced
the existing HFO-1234yf cooling technology used in automotive HVAC
systems with the R-134a technology due to the harmful effects of some
refrigerants. Implementation of new technologies and upgrade of existing
ones is among the key drivers for the growth of this market globally.
The rise in cost of the automotive
thermal system is a major challenge restraining the growth of the
market. Advanced and improved technology comes at a higher cost. Huge
investment is required for research and development which in turn
increases the cost of thermal systems, hence leading to increase in the
price of automobiles. 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.
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.
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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.
HVAC dominated the automotive thermal
system market segmented by component. The HVAC system provides heat,
ventilation and air conditioning in a vehicle. The HVAC market can be
segmented into two types, automotive HVAC system and manual HVAC system.
The rise in demand for HVAC is one of the key factors behind the growth
of the automotive thermal system market as a whole.
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