Global Automotive Thermal Management Market Is Grow at a CAGR of 4.7% and Expected to Reach USD 69.31 Billion by 2026 from USD 45.83 Billion in 2017
The Global Automotive Thermal Management Market is accounted for $45.83 billion in 2017 and is expected to reach $69.31 billion by 2026 growing at a CAGR of 4.7% during the forecast period. Factors such as rising demand in the penetration of air-conditioning (AC) systems and growing demand for battery thermal management in developing countries are fueling the market growth. However, lack of standardization and the price of thermal system technology is high is the hindrance for the growth of the...
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