Global EV Thermal System Market Growth 2024-2030

Global EV Thermal System Market Growth 2024-2030

An electric vehicle thermal system is a series of devices and components used to manage and control the heat of an electric vehicle. It includes components such as cooling systems, heating systems, temperature sensors, fans, radiators, heaters and associated pipework and pumps. The primary role of the EV thermal system is to maintain the critical components of the EV (e.g., batteries, electric motors, etc.) within a suitable operating temperature range to ensure vehicle performance, safety, and longevity. Cooling systems are used to remove heat when components such as batteries and electric motors overheat, while heating systems keep the vehicle's interior warm at low temperatures. The design and management of EV thermal systems is critical to the performance and reliability of EVs.

The global EV Thermal System market size is projected to grow from US$ million in 2024 to US$ million in 2030; it is expected to grow at a CAGR of %from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “EV Thermal System Industry Forecast” looks at past sales and reviews total world EV Thermal System sales in 2023, providing a comprehensive analysis by region and market sector of projected EV Thermal System sales for 2024 through 2030. With EV Thermal System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world EV Thermal System industry.

This Insight Report provides a comprehensive analysis of the global EV Thermal System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on EV Thermal System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global EV Thermal System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for EV Thermal System and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global EV Thermal System.

New energy vehicles are one of the key drivers of the sector. Global electric vehicles continue to grow rapidly, with total global sales of new energy vehicles exceeding 10 million units in 2022, a synchronised growth of 61%. China and Europe have been the main drivers of the strong growth in global electric vehicle sales. in 2022, China's new energy vehicle production and sales reached 7,058,000 and 6,887,000 respectively, up 96.9% and 93.4% year-on-year, and the production and sales of new energy vehicles have been ranked No. 1 globally for eight years in a row. Among them, the sales of pure electric vehicles were 5.365 million units, up 81.6 per cent year-on-year.In 2022, the sales of pure electric vehicles in Europe rose 29 per cent year-on-year to 1.58 million units.

This report presents a comprehensive overview, market shares, and growth opportunities of EV Thermal System market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Heating Ventilation and Air Conditioning
Power Train Cooling
Fluid Transport
Others

Segmentation by Application:
Battery Electric Vehicle
Hybrid Electric Vehicle
Plug-in Hybrid Electric Vehicle
Fuel Cell Electric Vehicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
BorgWarner
Dana Limited
Hanon Systems
Valeo SA
Denso Corporation
Bosch
Mahle GmbH
VOSS Automotive
Modine Manufacturing
Gentherm
CapTherm Systems
LG Chem
Visteon Corporation

Key Questions Addressed in this Report

What is the 10-year outlook for the global EV Thermal System market?

What factors are driving EV Thermal System market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do EV Thermal System market opportunities vary by end market size?

How does EV Thermal System break out by Type, by Application?



Please note: The report will take approximately 2 business days to prepare and deliver.