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Global Electric Vehicle Thermal Management System Market Size study, by Vehicle Type (Passenger Vehicles, Commercial Vehicles, Two Wheeler And Three Wheeler) By Technology (Liquid Cooling And Heating, Air Cooling And Heating, Other Technologies) By Propulsion Type (Battery Electric Vehicle, Hybrid Electric Vehicle, Plug in Hybrid Electric Vehicle, Fuel Cell Electric Vehicle) By Application (Engine Cooling, Air Conditioning System, Electric Vehicle Battery Thermal System, Transmission System) and Regional Forecasts 2022-2032

May 2024 | 200 pages | ID: GB2F66381777EN
Bizwit Research & Consulting LLP

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Global Electric Vehicle Thermal Management System Market is valued approximately at USD 3 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 24% over the forecast period 2024-2032. The Electric Vehicle Thermal Management System is a critical component that regulates and manages the temperature of numerous vehicle components, including the battery pack, electric motor, power electronics, and cabin comfort. These systems assist in maintaining appropriate operating temperatures for the battery pack, ensuring its efficiency, longevity, and safety. Furthermore, increasing focus on ride quality for cabin comfort are gaining attention towards Global Electric Vehicle Thermal Management System Market. Electric vehicles often rely on advanced cooling systems to manage the heat generated by electric motors, power electronics, and charging systems. These cooling systems can also be utilized to provide cabin heating and cooling, contributing to overall cabin comfort. Manufacturers are investing in innovative thermal management solutions that not only improve vehicle performance but also enhance passenger comfort.

The Global Electric Vehicle Thermal Management System Market is driven by rising integration of electrical components in vehicles and growing demand for fuel-efficient vehicles on a global forefront. Modern vehicles, especially electric and hybrid vehicles, feature a higher number of electrical components compared to traditional internal combustion engine vehicles. These electrical components, including battery packs, electric motors, inverters, and charging systems, generate heat during operation. Efficient thermal management is essential to dissipate this heat and ensure the optimal performance and longevity of these components. In addition, electric vehicle thermal management system manufacturers are continuously innovating to develop more efficient and reliable thermal management solutions that can further enhance the fuel efficiency and performance of electric vehicles. However, high cost of electric vehicle thermal management system and lack of technical expertise is expected to hinder the overall demand for the market during the forecast period 2024-2032.

The key regions considered for the Global Electric Vehicle Thermal Management System market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America was the largest regional market in terms of revenue owing to factors such as increasing demand of hybrid electric vehicles across the region. Efficient thermal management can also contribute to enhancing the performance of hybrid electric vehicles. By maintaining optimal operating temperatures for powertrain components, EV-TMS helps ensure consistent performance and responsiveness, particularly during demanding driving conditions. Furthermore, the market in Asia Pacific is expected to grow at the fastest rate over the forecast period.

Major market player included in this report are:
Hanon Systems Company
Modine Manufacturing Company
BorgWarner Inc
Robert Bosch GmbH
Dana Limited
Denso Corporation
Mahle GmbH
Valeo S.A.
VOSS Automotive GmbH
Rivian Automotive Inc
The detailed segments and sub-segment of the market are explained below:

By Vehicle Type
Passenger Vehicles
Commercial Vehicles
Two Wheeler And Three Wheeler

By Technology
Liquid Cooling And Heating
Air Cooling And Heating
Other Technologies

By Propulsion Type
Battery Electric Vehicle
Hybrid Electric Vehicle
Plug in Hybrid Electric Vehicle
Fuel Cell Electric Vehicle

By Application
Engine Cooling
Air Conditioning System
Electric Vehicle Battery Thermal System
Transmission System

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032

Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market
CHAPTER 1. GLOBAL ELECTRIC VEHICLE THERMAL MANAGEMENT SYSTEM MARKET DEFINITION AND RESEARCH ASSUMPTIONS

1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
  1.3.1. Inclusion & Exclusion
  1.3.2. Limitations
  1.3.3. Supply Side Analysis
    1.3.3.1. Availability
    1.3.3.2. Infrastructure
    1.3.3.3. Regulatory Environment
    1.3.3.4. Market Competition
    1.3.3.5. Economic Viability (Consumer’s Perspective)
  1.3.4. Demand Side Analysis
    1.3.4.1. Regulatory frameworks
    1.3.4.2. Technological Advancements
    1.3.4.3. Environmental Considerations
    1.3.4.4. Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Global Electric Vehicle Thermal Management System Market Size & Forecast (2022- 2032)
2.2. Regional Summary
2.3. Segmental Summary
  2.3.1. By Vehicle Type
  2.3.2. By Technology
  2.3.3. By Propulsion Type
  2.3.4. By Application
2.4. Key Trends
2.5. Recession Impact
2.6. Analyst Recommendation & Conclusion

CHAPTER 3. GLOBAL ELECTRIC VEHICLE THERMAL MANAGEMENT SYSTEM MARKET DYNAMICS

3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities

CHAPTER 4. GLOBAL ELECTRIC VEHICLE THERMAL MANAGEMENT SYSTEM MARKET: INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economic
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL ELECTRIC VEHICLE THERMAL MANAGEMENT SYSTEM MARKET SIZE & FORECASTS BY VEHICLE TYPE 2022-2032

5.1. Passenger Vehicles
5.2. Commercial Vehicles
5.3. Two-Wheeler And Three-Wheeler

CHAPTER 6. GLOBAL ELECTRIC VEHICLE THERMAL MANAGEMENT SYSTEM MARKET SIZE & FORECASTS BY TECHNOLOGY 2022-2032

6.1. Liquid Cooling and Heating
6.2. Air Cooling and Heating
6.3. Other Technologies

CHAPTER 7. GLOBAL ELECTRIC VEHICLE THERMAL MANAGEMENT SYSTEM MARKET SIZE & FORECASTS BY PROPULSION TYPE 2022-2032

7.1. Battery Electric Vehicle
7.2. Hybrid Electric Vehicle
7.3. Plug in Hybrid Electric Vehicle
7.4. Fuel Cell Electric Vehicle

CHAPTER 8. GLOBAL ELECTRIC VEHICLE THERMAL MANAGEMENT SYSTEM MARKET SIZE & FORECASTS BY APPLICATION 2022-2032

8.1. Engine Cooling
8.2. Air Conditioning System
8.3. Electric Vehicle Battery Thermal System
8.4. Transmission System

CHAPTER 9. GLOBAL ELECTRIC VEHICLE THERMAL MANAGEMENT SYSTEM MARKET SIZE & FORECASTS BY REGION 2022-2032

9.1. North America Electric Vehicle Thermal Management System Market
  9.1.1. U.S. Electric Vehicle Thermal Management System Market
    9.1.1.1. Vehicle Type breakdown size & forecasts, 2022-2032
    9.1.1.2. Technology breakdown size & forecasts, 2022-2032
    9.1.1.3. Propulsion Type breakdown size & forecasts, 2022-2032
    9.1.1.4. Application breakdown size & forecasts, 2022-2032
  9.1.2. Canada Electric Vehicle Thermal Management System Market
9.2. Europe Electric Vehicle Thermal Management System Market
  9.2.1. U.K. Electric Vehicle Thermal Management System Market
  9.2.2. Germany Electric Vehicle Thermal Management System Market
  9.2.3. France Electric Vehicle Thermal Management System Market
  9.2.4. Spain Electric Vehicle Thermal Management System Market
  9.2.5. Italy Electric Vehicle Thermal Management System Market
  9.2.6. Rest of Europe Electric Vehicle Thermal Management System Market
9.3. Asia-Pacific Electric Vehicle Thermal Management System Market
  9.3.1. China Electric Vehicle Thermal Management System Market
  9.3.2. India Electric Vehicle Thermal Management System Market
  9.3.3. Japan Electric Vehicle Thermal Management System Market
  9.3.4. Australia Electric Vehicle Thermal Management System Market
  9.3.5. South Korea Electric Vehicle Thermal Management System Market
  9.3.6. Rest of Asia Pacific Electric Vehicle Thermal Management System Market
9.4. Latin America Electric Vehicle Thermal Management System Market
  9.4.1. Brazil Electric Vehicle Thermal Management System Market
  9.4.2. Mexico Electric Vehicle Thermal Management System Market
  9.4.3. Rest of Latin America Electric Vehicle Thermal Management System Market
9.5. Middle East & Africa Electric Vehicle Thermal Management System Market
  9.5.1. Saudi Arabia Electric Vehicle Thermal Management System Market
  9.5.2. South Africa Electric Vehicle Thermal Management System Market
  9.5.3. Rest of Middle East & Africa Electric Vehicle Thermal Management System Market

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Key Company SWOT Analysis
  10.1.1. Company
  10.1.2. Company
  10.1.3. Company
10.2. Top Market Strategies
10.3. Company Profiles
  10.3.1. Hanon Systems Company
    10.3.1.1. Key Information
    10.3.1.2. Overview
    10.3.1.3. Financial (Subject to Data Availability)
    10.3.1.4. Product Summary
    10.3.1.5. Market Strategies
  10.3.2. Modine Manufacturing Company
  10.3.3. BorgWarner Inc
  10.3.4. Robert Bosch GmbH
  10.3.5. Dana Limited
  10.3.6. Denso Corporation
  10.3.7. Mahle GmbH
  10.3.8. Valeo S.A.
  10.3.9. VOSS Automotive GmbH
  10.3.10. Rivian Automotive Inc

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes

LIST OF TABLESTABLE 1. GLOBAL ELECTRIC VEHICLE THERMAL MANAGEMENT SYSTEM MARKET, REPORT SCOPE

TABLE 2. Global Electric Vehicle Thermal Management System market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Electric Vehicle Thermal Management System market estimates & forecasts by Vehicle Type 2022-2032 (USD Billion)
TABLE 4. Global Electric Vehicle Thermal Management System market estimates & forecasts by Technology 2022-2032 (USD Billion)
TABLE 5. Global Electric Vehicle Thermal Management System market estimates & forecasts by Propulsion Type 2022-2032 (USD Billion)
TABLE 6. Global Electric Vehicle Thermal Management System market estimates & forecasts by Application 2022-2032 (USD Billion)
TABLE 7. Global Electric Vehicle Thermal Management System market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Electric Vehicle Thermal Management System market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Electric Vehicle Thermal Management System market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Electric Vehicle Thermal Management System market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Electric Vehicle Thermal Management System market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Electric Vehicle Thermal Management System market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Electric Vehicle Thermal Management System market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Electric Vehicle Thermal Management System market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. Global Electric Vehicle Thermal Management System market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. Global Electric Vehicle Thermal Management System market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 17. U.S. Electric Vehicle Thermal Management System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 18. U.S. Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 19. U.S. Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. Canada Electric Vehicle Thermal Management System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 21. Canada Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 22. Canada Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 23. UK Electric Vehicle Thermal Management System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 24. UK Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 25. UK Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 26. Germany Electric Vehicle Thermal Management System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 27. Germany Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 28. Germany Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 29. France Electric Vehicle Thermal Management System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 30. France Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 31. France Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 32. Italy Electric Vehicle Thermal Management System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 33. Italy Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 34. Italy Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 35. Spain Electric Vehicle Thermal Management System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 36. Spain Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 37. Spain Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 38. RoE Electric Vehicle Thermal Management System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 39. RoE Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 40. RoE Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 41. China Electric Vehicle Thermal Management System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 42. China Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 43. China Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 44. India Electric Vehicle Thermal Management System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 45. India Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 46. India Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 47. Japan Electric Vehicle Thermal Management System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 48. Japan Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 49. Japan Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 50. Australia Electric Vehicle Thermal Management System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 51. Australia Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 52. Australia Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 53. South Korea Electric Vehicle Thermal Management System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 54. South Korea Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 55. South Korea Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 56.
TABLE 57. RoAPAC Electric Vehicle Thermal Management System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 58. RoAPAC Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 59. RoAPAC Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 60. Brazil Electric Vehicle Thermal Management System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 61. Brazil Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 62. Brazil Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 63. Mexico Electric Vehicle Thermal Management System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 64. Mexico Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 65. Mexico Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 66. RoLA Electric Vehicle Thermal Management System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 67. RoLA Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 68. RoLA Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 69. Saudi Arabia Electric Vehicle Thermal Management System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 70. Saudi Arabia Electric Vehicle Thermal Management System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 71. Saudi Arabia Electric Vehicle Thermal Management System market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 72. South Africa Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 73.
TABLE 74. South Africa Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 75. South Africa Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 76. RoMEA Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 77. RoMEA Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 78. RoMEA Electric Vehicle Thermal Management System market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 79. List of secondary sources, used in the study of Global Electric Vehicle Thermal Management System Market.
TABLE 80. List of primary sources, used in the study of Global Electric Vehicle Thermal Management System Market.
TABLE 81. Years considered for the study.
TABLE 82. Exchange rates considered

LIST OF FIGURES

FIG 1. Global Electric Vehicle Thermal Management System market, research methodology
FIG 2. Global Electric Vehicle Thermal Management System market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global Electric Vehicle Thermal Management System market, key trends 2023
FIG 5. Global Electric Vehicle Thermal Management System market, growth prospects 2022-2032
FIG 6. Global Electric Vehicle Thermal Management System market, porters 5 force model
FIG 7. Global Electric Vehicle Thermal Management System market, pestel analysis
FIG 8. Global Electric Vehicle Thermal Management System market, value chain analysis
FIG 9. Global Electric Vehicle Thermal Management System market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Electric Vehicle Thermal Management System market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Electric Vehicle Thermal Management System market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Electric Vehicle Thermal Management System market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Electric Vehicle Thermal Management System market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Electric Vehicle Thermal Management System market, regional snapshot 2022 & 2032
FIG 15. North America Electric Vehicle Thermal Management System market 2022 & 2032 (USD Billion)
FIG 16. Europe Electric Vehicle Thermal Management System market 2022 & 2032 (USD Billion)
FIG 17. Asia pacific Electric Vehicle Thermal Management System market 2022 & 2032 (USD Billion)
FIG 18. Latin America Electric Vehicle Thermal Management System market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Electric Vehicle Thermal Management System market 2022 & 2032 (USD Billion)
FIG 20. Global Electric Vehicle Thermal Management System market, company market share analysis (2023)


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