Global Commercial Vehicle Thermal Management Systems Market 2017-2021

Overview of the global commercial vehicle thermal management systems market

According to Technavio's market research analysis, the government mandate for fixing air conditioners in commercial vehicles will be one of the major factors that will have a positive impact on the global commercial vehicle thermal management systems market during the forecast period. Our market research analysts predict that this market will register a revenue of about USD 10 billion by 2021. Air conditioners are an important part of HVAC systems in commercial vehicle thermal management systems. This increased fitment of air conditioning units in commercial vehicles will increase the value for thermal management systems used in vehicles during the forecast period. The need for air conditioning units in commercial vehicles is mainly due to the long trips taken up on regular basis by the HCV drivers to make their livelihood. Long hours of driving will raise their fatigue levels and often numbs the driver reflexes increasing the chances of accidents. To counter this, the government of India is looking at undertaking measures that raise driver comfort levels and avoid increased fatigue.

The development of new heat flux sensors is one of the key trends that will gain traction in the commercial vehicle thermal management systems market.  Heat flux is detected by sensors in the vehicle powertrain during different operations and engine loads. This information enables OEMs to recognize the efficiency of their thermal management systems. Heat flux sensors also detect and convert changes in a physical quantity into electrical impulses. They are also increasingly used by testing agencies, such as NEDC, for evaluating the actual performance of thermal management system in vehicles.

Competitive landscape and key vendors