The Competitive Scenario provides an outlook analysis of the various business growth strategies adopted by the sellers. The news covered in this section deliver valuable thoughts at the different stage while keeping up-to-date with the business and engage stakeholders in the economic debate. The areas included in the report are made by using the data of the key business sector. It also provides region-wise and country-wise growth rates of the Electric Vehicle Thermal Management System (EVTMS) Market. It also covers breakdown by product and application by incorporating details of the market size depending on development and applications. The report provides insights on Market Penetration, Market Development, Market Diversification, Competitive Assessment & Intelligence, and Product Development & Innovation.
Electric Vehicle Thermal Management System (EVTMS) Market by System (Air Cooling, Liquid Cooling, Refrigerant Cooling), Vehicle Type (Passenger, Commercial), Battery Type (Solid State, Conventional), Application (EV, PHEV), and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Electric Vehicle Thermal Management System (EVTMS) Market Overview
The Electric Vehicle Thermal Management System (EVTMS) market size is projected to reach a CAGR of 9.8% from 2022 to 2028.
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Electric Vehicle Thermal Management System (EVTMS) refers to the thermal management which are used in electric vehicles (EVs) in order to maintain the heating temperature of the batteries used in these automobiles. Since batteries are used to provide power to the motors for the movement of the vehicle and therefore, the vehicle movement is entirely dependent on battery health. Hence, the need to control the battery heat becomes essential for the proper operation of electric vehicle.
Improvised infrastructure of the various regions along with the advancement in technology are some of the factors that have supported long-term expansion for Electric Vehicle Thermal Management System (EVTMS) Market.
COVID-19 had a positive effect on the market, as people got more concerned about the issue of global warming.
Electric Vehicle Thermal Management System (EVTMS) Market Regional Analysis
APAC is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the increased investment and raised manufacturing of electric vehicle in the region.
Electric Vehicle Thermal Management System (EVTMS) Market Competitive Landscape
Key Players
· Dana Inc.
· DOBER
· Infineon Technologies AG
· MAHLE GmbH
· Renesas Electronics Corp.
· Robert Bosch GmbH
· Texas Instruments Inc.
· Valeo SA
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Recent Developments in the Electric Vehicle Thermal Management System (EVTMS) Market
In March 2018, Continental inaugurated a production plant in Germany leading to its expansion in market out of china.
Reasons to Acquire Electric Vehicle Thermal Management System (EVTMS) Market Report
· Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
· Gain authentic and granular data access for Electric Vehicle Thermal Management System (EVTMS) Market so as to understand the trends and the factors involved behind changing market situations
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
Table of Contents
Electric Vehicle Thermal Management System (EVTMS) Market is segmented into Battery Capacity, Vehicle Type, Battery Type, Propulsion, Technology and region.
On the basis of Battery Type
Conventional
Solid-State
On the basis of Vehicle Type
Passenger Vehicle
Commercial Vehicle
On the basis of Battery Capacity
<100 kWh
100-200 kWh
200-500 kWh
>500 kWh
On the basis of Propulsion
Battery Electric Vehicle (BEV)
Hybrid Electric Vehicle (HEV)
Plug-in Hybrid Electric Vehicle (PHEV)
Fuel Cell Vehicle (FCV)
On the basis of Technology
Active
Passive
On the basis of Region
Asia Pacific
North America
Europe
South America
Middle East & Africa
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The electric vehicle thermal management system market could achieve a CAGR of 9% during the forecast period (2018-2025), ventures Market Research Future (MRFR).Primary Boosters and Top RestraintsA thermal management system helps control the temperature of several systems present in vehicles.
Soaring demand for e-mobility along with strict regulations with regard to fuel economy to bring down greenhouse emissions are expected to work in favor of the electric vehicle thermal management system market.
To illustrate, in September 2017, the Indian Ministry of Road Transport and Highways furnished a series of non-fiscal incentives, with the aim of ensuring that electric vehicles would account for close to 15% of overall vehicle sales over the next five years.Increasing adoption of power modules such as intelligent power module (IPM) in the automobile sector as well as burgeoning population stimulates market growth as well.
Besides, improving economies of emerging nations add to the market strength to a great extent.Market SegmentationThe electric vehicle thermal management system industry covers segments like system, component type, technology, application, and vehicle type.System-wise, the global market consists of heating, ventilation, and air conditioning (HVAC), powertrain cooling, fluid transport, and others.With regard to component type, the global market is considered for motor, battery, and cabin area.With respect to technology, the global market includes exhaust gas recirculation (EGR), active transmission warmup, reduced HVAC system loading, and others.In terms of application, the global market caters to air conditioning, engine cooling, waste heat recovery, heated steering, heated/ventilated seats, transmission system, and others.The types of vehicles covered in the report are hybrid, battery, and plug-in hybrid electric vehicle.Regional InsightThe electric vehicle thermal system market is spread across the primary regions of North America, Asia Pacific (APAC), Europe, and the rest of the world (RoW).
Europe and North America retained the second and third spot in the global market.APAC’s market growth has been formidable in recent years, given the immense surge in the production of e-vehicles as well as electric car battery cooling systems.
On top of this, the increasing electrification of vehicles could stimulate the demand for electric vehicle thermal management systems in the coming years.
