Map-Controlled Automotive Thermostat Market

Map-Controlled Automotive Thermostat Market by Product Types (Insert Thermostat, Housing Thermostat) by Application (Passenger Car, Commercial Vehicle) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • What is the global demand for Map-Controlled Automotive Thermostat in terms of revenue?

    The global Map-Controlled Automotive Thermostat valued at 15.54 Billion in 2020 and is expected to reach 24.10 Billion in 2028 growing at a CAGR of 5.64%%

  • Which are the prominent players in the market?

    The prominent players in the market are BG Automotive, Stant, Mahle, Temb, Magal, Gates, TAMA, Borgwarner, Nippon Thermostat, Vernet, Hella, Kirpart, Fishman TT..

  • At what CAGR is the market projected to grow within the forecast period?

    The market is project to grow at a CAGR of 5.64%% between 2021 and 2028.

  • What are the driving factors fueling the growth of the market.

    The driving factors of the Map-Controlled Automotive Thermostat include

    • The increasing automotive market coupled with the growth of consumer capacity is anticipated to augment the growth of the map-controlled automotive thermostat market in the years to come. This is owing to the increasing technological innovations in the automotive industry. The new generation of vehicle is equipped with the more electronic system that effectively controls the engine temperature according to consideration of load, emission and atmospheric condition. New technologies are pushing engine efficiency and combustion quality ever closer to optimum operating conditions. The several benefits offered by these thermostats including offering optimum combustion due to increased wall and component temperatures, reduced fuel consumption due to reduced viscosity of the engine oil and consequently reduced frictional loss, lower pollution emissions due to improved combustion and More comfort due to higher coolant temperatures and, as a result, an improved interior heating performance . Owing to these benefits, it is expected to increase their demand.
    • The rising vehicle sale and production across the globe is anticipated to augment the growth of the map-controlled automotive thermostat market during the forecast period. This is owing to the rapid urbanization, increasing industrialization, increasing disposable income of the consumers, and advancement in technologies. Furthermore, the increasing adoption of personal vehicles has also increased the global sales of automobiles and its production by the manufacturers which in turn is expected to support the growth of the map-controlled automotive thermostat market in the forecast period.

  • Which region accounted for the largest share in the market?

    Asia Pacific was the leading regional segment of the Map-Controlled Automotive Thermostat in 2020.

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