Today: February 12, 2016, 2:21 am
  
Finance

Global automotive thermal systems market: 6% CAGR forecast between 2012-16

companiesandmarkets.com
companiesandmarkets.com
Global Automotive Thermal Systems Market 2012-2016 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-17 06:59:01
The Global Automotive Thermal Systems market is to grow at a CAGR of 6 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for automotive heating, ventilation, and air conditioning systems. The Global Automotive Thermal Systems market has also been witnessing an increasing demand for lightweight automotive thermal systems. However, the increase in cost-cutting measures taken by various automobile manufacturers could pose a challenge to the growth of this market.

The increasing use of natural refrigerants is another major trends being witnessed in the Global Automotive Thermal Systems market. Over the past few years, the demand for eco-friendly refrigerants has increased as a result of the increasing awareness of the harmful effects of traditional refrigerants on the environment. Traditional R-134A refrigerant has an average atmospheric life of 13 years. On the other hand, the next-generation eco-friendly refrigerant HFO-1234yf has an average atmospheric life of 11 days, making it less harmful for the environment. Increasing pressure from governments across the globe is another factor that contributes to the demand for eco-friendly refrigerants.

One of the major drivers in this market is the increasing demand for automotive HVAC systems. The demand for automotive HVAC systems has a direct and immediate positive effect on the growth of the Global Automotive Thermal Systems market.

One of the main challenges in this market is the increasing adoption of cost-cutting measures by automobile manufacturers to offset the negative impact of the increased wage rates of laborers.

The key vendors dominating this space include Behr GmbH & Co. KG, Denso Corp., Valeo SA, and Visteon Corp.

The other vendors mentioned are Calsonic Kansei Corp., Delphi Automotive plc, Keihin Corp., Modine Manufacturing Co., and Sanden Corp.

Click for report details: www.companiesandmarkets.com/Market/Automotive-and-Parts/Market-R ..

Browse all Automotive and Parts Market Research Reports www.companiesandmarkets.com/Market/Automotive-and-Parts/Market-R ..

Browse all Automotive and Parts Company Profile Reports www.companiesandmarkets.com/Market/Automotive-and-Parts/Company- ..

Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..

About Us
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.com’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.


Press Information


Published by
Mike King
London: +44 (0) 203 086 8600
e-mail
www.companiesandmarkets.com



# 493 Words
Related Articles
 
More From Finance
Arizona Real Estate Stats 2015
COMMENTARY by Tom Ruff of The Information Market Permission is granted only to ARMLS® Subscribers for reproduction with attribution [..]
Investing.co.uk Announces New Trader Counsel Services
LONDON - Jan. 25, 2016 - British financial news source Investing.co.uk has announced that it will now be offering the [..]
Credit-Yogi.com Offers Free Advice For Getting Completely [..]
Everyone has some degree of debt to deal with. Some folks have a lot of it, and they need to [..]
Offshore Processing slashes credit card processing costs [..]
High risk and high volume merchants engaged in unconventional trades, such as Adult Content, Adult Goods, Online Casinos, Online [..]
Real-Estate-Yogi Offers Free Advice to Returning Veterans [..]
Veterans of the United States are returning from active duty and need places to live. It is up to lenders [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.