Product Code: ETC4568065 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India thermal systems market import shipment demonstrated a robust CAGR from 2020 to 2024, indicating significant expansion. Notably, the growth rate between 2023 and 2024 showed a slightly slower yet positive momentum, suggesting a stabilizing trend in the market's growth trajectory over the specified period.
Thermal systems are essential components in automotive applications, particularly for managing engine temperature and cabin comfort. As India experiences extreme climatic conditions, the thermal systems market is crucial for ensuring passenger comfort and engine efficiency. India automotive manufacturers are investing in advanced thermal management solutions to enhance vehicle performance and fuel efficiency, meeting the diverse climate demands of the country.
The thermal systems market in India is influenced by several factors, including the need for efficient climate control in vehicles. With the country`s diverse climate conditions, the demand for effective heating, ventilation, and air conditioning (HVAC) systems in automobiles is on the rise. Moreover, the shift toward electric vehicles and their thermal management requirements presents new opportunities for innovation and growth in the thermal systems market.
Challenges include the need for more energy-efficient thermal systems in vehicles, meeting emission standards, and addressing climate change concerns.
The COVID-19 pandemic affected the India Thermal Systems market as automotive production and sales declined due to lockdowns and economic uncertainty. With reduced vehicle manufacturing, the demand for thermal systems like air conditioning and heating systems was adversely affected. However, as the automotive industry gradually recovers, there may be an increased focus on improving thermal efficiency and air quality within vehicles.
Significant players in India thermal systems market are MAHLE Behr, Denso Corporation, and Valeo.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Thermal Systems Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Thermal Systems Market Revenues & Volume, 2021 & 2031F |
3.3 India Thermal Systems Market - Industry Life Cycle |
3.4 India Thermal Systems Market - Porter's Five Forces |
3.5 India Thermal Systems Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 India Thermal Systems Market Revenues & Volume Share, By Vehicle, 2021 & 2031F |
4 India Thermal Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient solutions in India |
4.2.2 Government initiatives and regulations promoting the adoption of thermal systems |
4.2.3 Growth in industrialization and urbanization leading to higher demand for heating and cooling solutions |
4.3 Market Restraints |
4.3.1 High initial investment costs for implementing thermal systems |
4.3.2 Lack of awareness and knowledge about the benefits of thermal systems |
4.3.3 Limited availability of skilled professionals for installation and maintenance of thermal systems |
5 India Thermal Systems Market Trends |
6 India Thermal Systems Market, By Types |
6.1 India Thermal Systems Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 India Thermal Systems Market Revenues & Volume, By Application, 2021-2031F |
6.1.3 India Thermal Systems Market Revenues & Volume, By Front & Rear A/C, 2021-2031F |
6.1.4 India Thermal Systems Market Revenues & Volume, By Powertrain, 2021-2031F |
6.1.5 India Thermal Systems Market Revenues & Volume, By Seat, 2021-2031F |
6.1.6 India Thermal Systems Market Revenues & Volume, By Steering, 2021-2031F |
6.1.7 India Thermal Systems Market Revenues & Volume, By Battery, 2021-2031F |
6.1.8 India Thermal Systems Market Revenues & Volume, By Motor, 2021-2031F |
6.1.9 India Thermal Systems Market Revenues & Volume, By Waste Heat Recovery, 2021-2031F |
6.1.10 India Thermal Systems Market Revenues & Volume, By Waste Heat Recovery, 2021-2031F |
6.2 India Thermal Systems Market, By Vehicle |
6.2.1 Overview and Analysis |
6.2.2 India Thermal Systems Market Revenues & Volume, By ICE, 2021-2031F |
6.2.3 India Thermal Systems Market Revenues & Volume, By Electric, 2021-2031F |
6.2.4 India Thermal Systems Market Revenues & Volume, By Off-Vehicle & ATV, 2021-2031F |
7 India Thermal Systems Market Import-Export Trade Statistics |
7.1 India Thermal Systems Market Export to Major Countries |
7.2 India Thermal Systems Market Imports from Major Countries |
8 India Thermal Systems Market Key Performance Indicators |
8.1 Energy savings achieved through the implementation of thermal systems |
8.2 Number of government projects or incentives supporting the adoption of thermal systems |
8.3 Growth in the number of manufacturers and suppliers of thermal systems in India |
9 India Thermal Systems Market - Opportunity Assessment |
9.1 India Thermal Systems Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 India Thermal Systems Market Opportunity Assessment, By Vehicle, 2021 & 2031F |
10 India Thermal Systems Market - Competitive Landscape |
10.1 India Thermal Systems Market Revenue Share, By Companies, 2024 |
10.2 India Thermal Systems Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |