[July 03, 2015]

Automotive Thermal System Market to Grow at 6.0% CAGR: Transparency Market Research

Transparency Market Research recently published a report titled, "Automotive Thermal System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020". According to the report, the global automotive thermal systems market is poised to register a positive CAGR of 6.0% between 2014 and 2020. The market was valued at US$32.20 billion in 2013, however, by 2020 it is expected to reach a worth of US$48.48 billion.

Browse Report: http://www.transparencymarketresearch.com/automotive-thermal-system-market.html

Escalating demand for automotive heating and ventilation system and introduction of robust technologies in advanced heating, ventilating, and air conditioning systems are expected to drive the market for automotive thermal system in the forecast period. However, the high cost of thermal systems will emerge as a major concern for manufacturers, hindering market growth to an extent. Nevertheless, the report projects the advent of new technologies in the market, which is expected to expand opportunities for vendors to capitalize on in the near future.

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On the basis of components, the global market for automotive thermal systems can be segmented into powertrain cooling, fluid transport, and HVAC systems. Of these, HVAC systems dominated the market in 2014, accounting for 54.64% of the total market.

Press Release: http://www.transparencymarketresearch.com/pressrelease/automotive-thermal-system-market.htm

According to the report, intensifying emission norms and stringent pollution control regulations are expected to drive the market in the forecast period. In addition, increasing demand for thermal systems that run on bio-alcohol, ethanol, liquid hydrogen, and P-Series fuels will propel the market substantially.

Article: http://www.transparencymarketresearch.com/article/automotive-thermal-system-market.htm

Geographically, Asia Pacific led the automotive thermal systems market in 2014. The region accounted for 34.40% of the total market share. Rapid growth of the automobile industry coupled with increasing disposable income, and high demand for vehicles across emerging economies will drive the market for automotive thermal system in Asia Pacific.

Browse All Semiconductor & Electronics Market Reports: http://www.transparencymarketresearch.com/semiconductor-market-reports-5.html

About TMR

Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR's exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

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