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Engine Thermal Management Market for Passenger Cars By Thermal Management Module, Components (Electric Fan, Electric Water Pump, Radiator, and Thermostat) and Region (Asia-Pacific, Europe, North America, and RoW) - Global Forecast To 2021

  • Report Code: AU 1065
  • Publish Date: Aug 2016
  • Number of Pages: 106
  
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The global engine thermal management market is projected to reach USD 12.42 billion by 2021 at CAGR of 6.73% from 2016 to 2021. Stringent emission regulations and increasing vehicle electrification will be the key drivers of the growth in the engine thermal management market. In this study, 2015 has been considered as the base year, and 2016 to 2021, the forecast period for estimating the size of the engine thermal management market. The study segments the engine thermal management trends based on components, region, and vehicle type.

 

Objectives of the study:

  • To define and segment the automotive engine thermal management market
  • To analyse and forecast (2016 to 2021) the OE market size by volume (‘000 units) and value (USD million) for the automotive engine thermal management market
  • To forecast the volume and value of market segments with respect to four main regions namely North America, Europe, Asia-Pacific, and the Rest of the World (RoW)
  • To analyse the electric water pump, electric fan, thermostat, radiator and thermal management module market  forecasting of volume and value, by country
  • To analyse the market segment for automotive engine thermal management systems and forecasting of volume and value based on vehicle type (Passenger cars)

 

The research methodology used in the report involves various secondary sources, including paid databases and directories. Experts from related industries and suppliers have been interviewed to understand the future trends in the engine thermal management market. The bottom-up approach has been used to estimate the market size, wherein country-wise statistics of taken have been taken into account. All major engine thermal management system components have been considered while estimating the engine thermal management market. Major developments of engine thermal management manufacturers have analyzed in the report. The engine thermal management market for especially for passenger cars have been tracked in the report. Regional and global engine thermal management market have been quantified at country level

 

The ecosystem of the engine thermal management industry consists of companies such as Valeo SA (France), BorgWarner Inc. (U.S.A), Mahle Group (Germany), Schaeffler AG (Germany), Sogefi Group (Italy) and Robert Bosch GmBH (Germany) and regional automotive associations such as Society of Indian Automotive Manufacturers (SIAM), Japan Automotive Manufacturers Association (JAMA), and European Automobile Manufacturers Association (ACEA) among others.

 

Target Audience

  • Engine thermal management system manufacturers
  • Vehicle manufacturers
  • Downstream stakeholders
  • Government regulatory authorities
  • Investment firms
  • Equity research firms
  • Private equity firms

 

Scope of the report

  • Electric Water Pump, By Country
  • Electric Fan, By Country
  • Thermostat, By Country
  • Radiator, By Country
  • Thermal Management Module, By Region
  • By Vehicle type (Passenger cars)
  • By Region (Asia-Pacific, Europe, North America, and RoW)

 

AVAILABLE CUSTOMIZATIONS

Micro Market Monitor offers the following customizations for this market:

  • Additional company profiles

 

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Table of Contents

 

1 Introduction

   1.1 Objectives of the Study

   1.2 Market Definition

   1.3 Market Scope

          1.3.1 Years Considered in the Report

   1.4 Currency & Pricing

   1.5 Stakeholders

   1.6 Limitations

 

2 Research Methodology

   2.1 Research Data

   2.2 Secondary Data

          2.2.1 Key Secondary Sources

          2.2.2 Key Data from Secondary Sources

   2.3 Primary Data

          2.3.1 Sampling Techniques & Data Collection Methods

          2.3.2 Primary Participants

   2.4 Factor Analysis

          2.4.1 Introduction

          2.4.2 Demand Side Analysis

                    2.4.2.1 Increasing Demand for High Thermal Efficiency of Engines from OEMS

                    2.4.2.2 Improved Fuel Economy and Engine from OEMS As Well As Customers

          2.4.3 Supply Side Analysis

          2.4.4 Technological from System/Component Suppliers

   2.5 Market Estimation

          2.5.1 Bottom-Up Approach

          2.5.2 Data Triangulation

          2.5.3 Assumptions

 

3 Executive Summary

   3.1 Engine Thermal Management Market, By Components

   3.2 Engine Thermal Management Market, By Region

   3.3 Engine Thermal Management Technologies

 

4 Premium Insights

   4.1 Global Engine Thermal Management Market to Have Attractive Opportunities

   4.2 Engine Thermal Management Market, By Components

   4.3 Engine Thermal Management Market, By Region

 

5 Market Overview

   5.1 Introduction

   5.2 Drivers

          5.2.1 Stringent Emission and Fuel Economy Regulations

          5.2.2 Trend of Engine Downsizing

          5.2.3 Region Based Assessment

   5.3 Restraints

          5.3.1 Complexity in Design and Maintenance

          5.3.2 Placement of ETM Systems in Hybrid Electric Vehicles

   5.4 Opportunities

          5.4.1 Integrated Thermal Management System (Engine & Other Components)

          5.4.2 Use of Waste Heat Recovery Systems

   5.5 Challenges

          5.5.1 Growing Demand for Electric Vehicles

          5.5.2 High Cost of Electrical Components

   5.6 Porters Five Forces Analysis

          5.6.1 Threat of New Entrant

          5.6.2 Threat of Substitutes

          5.6.3 Intensity of Rivalry

          5.6.4 Bargaining Power of Suppliers

          5.6.5 Bargaining Power of Buyers

 

6 Automotive Engine Thermal Management, By Component

   6.1 Passenger Car Engine Thermal Management Market, By Component

 

7 Passenger Car Thermal Management Module, By Region

   7.1 Introduction

 

8 Passenger Car Electric Fan Market, By Country

   8.1 Introduction

   8.2 Asia-Pacific: Passenger Car Electric Fan Market, By Country

   8.3 Europe: Passenger Car Electric Fan Market, By Country

   8.4 North America: Passenger Car Electric Fan Market,  By Country

   8.5 Row: Passenger Car Electric Fan Market, By Country

 

9 Passenger Car Electric Water Pump, By Country

   9.1 Introduction

          9.1.1 Asia-Pacific: Passenger Car Electric Water Pump Market,  By Country

          9.1.2 Europe: Passenger Car Electric Water Pump Market,  By Country

          9.1.3 North America: Passenger Car Electric Water Pump Market,  By Country

          9.1.4 Row: Passenger Car Electric Water Pump Market, By Country

 

10 Passenger Car Radiator, By Country

     10.1 Introduction

              10.1.1 Asia-Pacific: Passenger Car Radiator Market, By Country

              10.1.2 Europe: Passenger Car Radiator Market, By Country

              10.1.3 North America: Passenger Car Radiator Market, By Country

              10.1.4 Rest of the World: Passenger Car Radiator Market,  By Country

 

11 Passenger Car Thermostat, By Country

     11.1 Introduction

              11.1.1 Asia-Pacific: Passenger Car Thermostat Market, By Country

              11.1.2 Europe: Passenger Car Thermostat Market, By Country

              11.1.3 North America: Passenger Car Thermostat Market,  By Country

              11.1.4 Rest of the World: Passenger Car Thermostat Market,  By Country

 

12 Competitive Landscape

     12.1 Overview

     12.2 Competitive Situation & Trends

     12.3 Battle for Market Share: Expansion Was the Key Strategy

     12.4 Expansion

     12.5 New Product Development/Launch

     12.6 Agreements/Partnerships/Collaborations/Supply Contracts

     12.7 Mergers & Acquisitions

 

13 Company Profiles

 

     13.1 Introduction

     13.2 Valeo Sa

     13.3 Schaeffler Ag

     13.4 Borgwarner Inc.

     13.5 Mahle GmbH

     13.6 Sogefi Group

     13.7 Robert Bosch GmbH

 

14 Appendix

     14.1 Discussion Guide

     14.2 Available Customization

              14.2.1 Additional Company Profiles

                          14.2.1.1 Business Overview

                          14.2.1.2 Recent Financials

                          14.2.1.3 Swot Analysis

                          14.2.1.4 Recent Developments

 

List of Tables

Table 1 Engine Thermal Management Technologies

Table 2 Global Fuel Efficiency Norms

Table 3 Electric Vehicle:  Policy Initiative

Table 4 Cost Difference between Electrical and Mechanical Engine Components

Table 5 Passenger Car Engine Thermal Management Market Size, By Component, 2016 – 2021 ('000 Units)

Table 6 Passenger Car Engine Thermal Management Market Size, By Component, 2016 - 2021 (USD Million)

Table 7 Passenger Car Thermal Management Module Market Size, 2016-2021 ('000 Units)

Table 8 Passenger Car Thermal Management Module Market Size, 2016-2021 (USD Million)

Table 9 Asia-Pacific Passenger Car Electric Fan Market Size, 2016-2021 ('000 Units)

Table 10 Asia-Pacific Passenger Car Electric Fan Market Size, 2016-2021 (USD Million)

Table 11 Europe Passenger Car Electric Fan Market Size, 2016-2021 ('000 Units)

Table 12 Europe Passenger Car Electric Fan Market Size, 2016-2021 (USD Million)

Table 13 North America Passenger Car Electric Fan Market Size, 2016-2021 (‘000 Units)

Table 14 North America Passenger Car: Electric Fan Market Size, 2016-2021 (USD Million)

Table 15 Row Passenger Car Electric Fan Market Size, 2016-2021 (‘000 Units)

Table 16 Row Passenger Car: Electric Fan Market Size, 2016-2021 (USD Million)

Table 17 Asia-Pacific Passenger Car Electric Water Pump Market Size, 2016-2021 ('000 Units)

Table 18 Asia-Pacific Passenger Car Electric Water Pump Market Size, 2016-2021, (USD Million)

Table 19 Europe Passenger Car Electric Water Pump Market Size, 2016-2021 ('000 Units)

Table 20 Europe Passenger Car Electric Water Pump Market Size, 2016-2021 (USD Million)

Table 21 North America Passenger Car Electric Water Pump Market Size, 2016-2021 (‘000 Units)

Table 22 North America Passenger Car Electric Water Pump Market Size, 2016-2021, (USD Million)

Table 23 Row Passenger Car Electric Water Pump Market Size, 2016-2021 (‘000 Units)

Table 24 Row Passenger Car Electric Water Pump Market Size, 2016-2021 (USD Million)

Table 25 Asia-Pacific Passenger Car Radiator Market Size, 2016-2021 ('000 Units)

Table 26 Asia-Pacific Passenger Car Radiator Market Size, 2016-2021 (USD Million)

Table 27 Europe Passenger Car Radiator Market Size, 2016-2021 ('000 Units)

Table 28 Europe Passenger Car Radiator Market Size, 2016-2021 (USD Million)

Table 29 North America Passenger Car Radiator Market Size, 2016-2021 (‘000 Units)

Table 30 North America Passenger Car Radiator Market Size, 2016-2021 (USD Million)

Table 31 Row Passenger Car: Radiator Market Size, 2016-2021 (‘000 Units)

Table 32 Row Passenger Car: Radiator Market Size, 2016-2021 (USD Million)

Table 33 Asia-Pacific Passenger Car Thermostat Market Size, 2016-2021 ('000 Units)

Table 34 Asia-Pacific Passenger Car Thermostat Market Size, 2016-2021 (USD Million)

Table 35 Europe Passenger Car Thermostat Market Size, 2016-2021 ('000 Units)

Table 36 Europe Passenger Car Thermostat Market Size, 2016-2021 (USD Million)

Table 37 North America Passenger Car Thermostat Market Size, 2016-2021 (‘000 Units)

Table 38 North America Passenger Car Thermostat Market Size, 2016-2021 (USD Million)

Table 39 Row Passenger Car Thermostat Market Size, 2016-2021 (‘000 Units)

Table 40 Row Passenger Car: Thermostat Market Size, 2016-2021 (USD Million)

Table 41 Expansions, 2010-2015

Table 42 New Product Development/Launch, 2010-2015

Table 43 Agreements/Partnerships/Collaborations/Supply Contracts, 2010-2015

Table 44 Mergers & Acquisitions, 2010-2016

 

List of Figures

Figure 1 Research Design

Figure 2 Research Design Model

Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, & Region

Figure 4 Engine Thermal Management Market Size Estimation Methodology: Top-Down Approach

Figure 5 Data Triangulation

Figure 6 Electric Water Pumps Estimated to the Lead the Market, 2016 vs. 2021, (‘000 Units)

Figure 7 Engine Thermal Management Market, By Region

Figure 8 Radiator Market to Dominate the Global Engine Thermal Management Market, By Value, 2016 Vs 2021

Figure 9 Asia Pacific to Witness the Fastest Growth in the Engine Thermal Management Module Market

Figure 10 Europe Is Estimated to Have Highest Market Share in the Global Electric Water Pump Market

Figure 11 Market Dynamics - Engine Thermal Management System

Figure 12 China Vs U.S.: Engine Downsizing Trend

Figure 13 Key Drivers and Impact on Regions Assessed in Time Frame

Figure 14 Key Restraints and Its Impact on Region

Figure 15 Key Opportunities Assessed By Region

Figure 16 Bev Market Share, By Region, 2013-2015

Figure 17 Key Challenges and Its Impact on Region

Figure 18 Porter’s Five Forces Analysis

Figure 19 Companies Adopted New Product Development/Launch As the Key Growth Strategy

Figure 20 Market Evolution Framework: Supply Contracts, Partnerships, Joint Ventures, Mergers & Acquisitions Fueled Market Growth from 2013 to 2016

Figure 21 Region-Wise Revenue Mix of Five Major Players

Figure 22 Vaelo Sa:  Company Snapshot

Figure 23 Schaeffler Ag: Company Snapshot

Figure 24 Borgwarner Inc. : Company Snapshot

Figure 25 Mahle Gmbh : Company Snapshot

Figure 26 Sogefi Group: Company Snapshot

Figure 27 Robert Bosch Gmbh: Company Snapshot

The automotive engine thermal management market size is projected to grow at a CAGR of 6.73% during the forecast period, to reach USD 12,421.6 million by 2021. Stringent emission regulations and fuel efficiency standards, increasing vehicle electrification and the trend of engine downsizing are driving the growth of the engine thermal management market. Increasing disposable income and improving standard of living of customers has led to an increase in the demand for luxury cars, which in turn, drives the demand for advanced engine thermal management systems and modules.

 

The automotive electric fan market is the highest growing component in the engine thermal management market. It is projected to grow at a promising CAGR from 2016 to 2021. The electric fan is powered by the vehicle’s electrical system, unlike mechanical fans which rely on mechanical energy from the engine for operation. Electric fan speed doesn’t depend on engine speed hence it leads to saving of fuel and reduction in emissions.

 

Other engine thermal management components like electric water pump, thermostat, radiator and thermal management module are expected to grow significantly driven by rising vehicle production supported by sustained demand. The thermal management module market is promising market as its adoption is rising in automobiles. 

 

Asia-Pacific is estimated to be the largest market for the engine thermal management system market during the forecast period. It is estimated that the Asian automotive market will see strong growth over the next five years. The increasing purchasing power and lenient trade policies increase the demand for automobiles in the Asia-Pacific. Owing to easy availability of resources, labour and low cost of production, many automotive thermal management manufacturers are moving their R&D and manufacturing units to Asia-Pacific.

 

FIGURE 1 Electric fan market is projected to experience significant growth in the global engine thermal management market

 

 

The key factors restraining the growth of the engine thermal management market are complexity in design and maintenance and also placement of engine thermal management system in hybrid vehicles.

 

The automotive engine thermal management market is dominated by major players such as Valeo SA (France), BorgWarner Inc. (U.S.A), Mahle Group (Germany), Schaeffler AG (Germany), Sogefi Group (Italy) and Robert Bosch GmBH (Germany) along with regional suppliers. These companies have been focusing on expansion and new product development to expand their presence in the automotive engine thermal management market.

 

Schaeffler AG and BorgWarner are market leaders in engine thermal management market and have adopted expansion and new product developments as the strategies to gain traction in the market. For instance, Schaeffler AG has developed the electric motor named ‘ABT Schaeffler MGU 01.’ It focused on achieving the best possible efficiency, high reliability and optimal thermal management through modified cooling.

 

 

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