TechNavio recognizes the following companies as the key players in the Global Automotive Thermal Systems Market: Behr GmbH & Co. KG, Denso Corp., Valeo SA, and Visteon Corp.
Commenting on the report, an analyst from TechNavio’s team said: “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.”
According to the report, 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.
Further, the report states that 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 study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-automotive-thermal-systems-market…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/automotive-and-aerospace
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TechNavio Announces the Publication of its Research Report -Global Automotive Thermal Systems Market 2012-2016
