[ad_1]
This “Automotive Thermal System-Global Market Track and Analysis” Report has been added to ResearchAndMarkets.com provide.
By 2027, the global automotive thermal system market will reach 71.2 billion U.S. dollars
During the COVID-19 crisis, the global automotive thermal system market is estimated to be USD 46 billion in 2020, and is expected to reach a revised USD 71.2 billion by 2027, growing at a CAGR of 6.4% during the 2020 analysis period-2027 .
Compressor is one of the market segments analyzed in the report, and is expected to grow at a compound annual growth rate of 6.3% by the end of the analysis period, reaching US$18 billion. After an early analysis of the business impact of the pandemic and the economic crisis it triggered, the growth in the HVAC sector was re-adjusted to a revised 6.5% compound annual growth rate over the next 7 years.
The US market is estimated to be USD 12.4 billion, while China is expected to grow at a compound annual growth rate of 9.7%
The U.S. automotive thermal system market is estimated at USD 12.4 billion in 2020. China is the second largest economy in the world. It is estimated that by 2027, the market size is expected to reach 15.3 billion U.S. dollars, with a compound annual growth rate of 9.7 billion U.S. dollars% in the analysis period from 2020 to 2027.
Other notable geographic markets include Japan and Canada, each of which is forecasted to grow…
The full story on Benzinga.com
[ad_2]
Source link
