According to the latest report by IMARC Group, titled “Automotive Thermal System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global automotive thermal system market size reached a US$ 5.1 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 3.7% during 2022-2027 Automotive thermal systems monitor and regulate the working temperatures of numerous automobile components, including motors, batteries, the cabinet area, etc., to increase their efficiency, prevent a breakdown, reduce temperature fluctuations, etc. They usually comprise of compressors, fluid transport, heating, ventilation and air conditioning (HVAC) systems, powertrain cooling mechanisms, etc. Automotive thermal systems also decrease fuel consumption and improve powertrain efficacy, which controls carbon emissions. They are extensively utilized to manufacture heavy vehicles across the transportation and construction industries. As the no
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