Global EV Battery Thermal Management System Market Overview
The global market for EV Battery Thermal Management System valued at USD 2.86 Billion in 2022 is projected to reach a revised size of USD 13.58 Billion by 2030, growing at a CAGR of 21.5% over the period 2023-2030.
Thermal management systems are necessary to keep the battery's temperature range within an acceptable range for efficient operation. The need for battery-powered automobiles has compelled manufacturers to create better heat management technologies. Fast charging capabilities and battery size reduction are limiting market expansion. However, market growth is probably supported by technical developments in the area of battery heat management. Since electric vehicles are battery-powered, a single charge can only take them so far. The main driver fueling the expansion of this market is the rising popularity of electric cars (EVs) in various parts of the world. Sales of EVs have increased significantly in nations like China, the United States, and Norway, which will help the industry expand.
Market Dynamics And Factors For EV Battery Thermal Management System Market
Drivers:
- Increased Use of Quick Charging and Extended Range Technologies in Electric Cars
Restraints:
- High Cost of Ownership of EV Restricts the Speedy Growth
Opportunities:
- Scope to Improve Heat Transfer Mechanism Through the Insulation Material of Battery Pack Case
Challenges:
- Components Utilized in The Battery Heat Management System Are Complicated to Designs
COVID-19 Impact Analysis on EV Battery Thermal Management System Market
The commercial impact of COVID-19 on EV battery temperature management systems is unknown and is anticipated to last for a few years. Governments all around the world were driven by the COVID-19 outbreak to impose strict import-export bans and lockdowns for the majority of 2020 and a few months of 2021. This caused the supply of crucial raw materials for parts of electric vehicles to suddenly fall. The COVID-19 pandemic badly disrupted supply chains and manufacturing schedules, which had a detrimental influence on automotive production and sales in 2020 and the market for electric vehicle battery management systems. Governments all across the world enforced stringent lockdowns and made social seclusion necessary to stop the COVID-19 virus from spreading. Consequently, several businesses started work-from-home programs as a preventative strategy. Due to this, the demand for vehicles abruptly decreased globally, which had an impact on the market for electric vehicle battery thermal management systems.
Top Key Players Involved Are:
- Modine Manufacturing Company
- Continental AG
- Gentherm
- Dana Limited
- Hanon Systems
- Valeo
- MAHLE GmbH
- Robert Bosch GmbH
- Grayson
- VOSS Automotive GmbH and other major players.
Key Industry Developments In EV Battery Thermal Management System Market
- May 2022, the new suite of EVantage Thermal Management Systems from Modine Manufacturing Company, a diversified worldwide leader in thermal management technology and solutions, has been made generally available for commercial EV chassis.
Global EV Battery Thermal Management System Market |
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Base Year: |
2022 |
Forecast Period: |
2023 -2030 |
Historical Data: |
2017 to 2022 |
Market Size in 2022: |
USD 2.86 Mn. |
Forecast Period 2023-30 CAGR: |
21.5 % |
Market Size in 2030: |
USD 13.58 Mn. |
Segments Covered: |
By Type |
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By Technology |
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By Vehicle Type |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By Technology
3.3 By Vehicle Type
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: EV Battery Thermal Management System Market by Type
5.1 EV Battery Thermal Management System Market Overview Snapshot and Growth Engine
5.2 EV Battery Thermal Management System Market Overview
5.3 Active
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Active: Grographic Segmentation
5.4 Passive
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Passive: Grographic Segmentation
5.5 Hybrid
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2028F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Hybrid: Grographic Segmentation
Chapter 6: EV Battery Thermal Management System Market by Technology
6.1 EV Battery Thermal Management System Market Overview Snapshot and Growth Engine
6.2 EV Battery Thermal Management System Market Overview
6.3 Liquid Cooling & Heating
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2016-2028F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Liquid Cooling & Heating: Grographic Segmentation
6.4 Air Cooling & Heating
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2016-2028F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Air Cooling & Heating: Grographic Segmentation
6.5 Others
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size (2016-2028F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Others: Grographic Segmentation
Chapter 7: EV Battery Thermal Management System Market by Vehicle Type
7.1 EV Battery Thermal Management System Market Overview Snapshot and Growth Engine
7.2 EV Battery Thermal Management System Market Overview
7.3 Passenger Vehicles
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size (2016-2028F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Passenger Vehicles: Grographic Segmentation
7.4 Commercial Vehicles
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size (2016-2028F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Commercial Vehicles: Grographic Segmentation
7.5 Two-Wheeler
7.5.1 Introduction and Market Overview
7.5.2 Historic and Forecasted Market Size (2016-2028F)
7.5.3 Key Market Trends, Growth Factors and Opportunities
7.5.4 Two-Wheeler: Grographic Segmentation
7.6 Three-Wheeler
7.6.1 Introduction and Market Overview
7.6.2 Historic and Forecasted Market Size (2016-2028F)
7.6.3 Key Market Trends, Growth Factors and Opportunities
7.6.4 Three-Wheeler: Grographic Segmentation
Chapter 8: Company Profiles and Competitive Analysis
8.1 Competitive Landscape
8.1.1 Competitive Positioning
8.1.2 EV Battery Thermal Management System Sales and Market Share By Players
8.1.3 Industry BCG Matrix
8.1.4 Ansoff Matrix
8.1.5 EV Battery Thermal Management System Industry Concentration Ratio (CR5 and HHI)
8.1.6 Top 5 EV Battery Thermal Management System Players Market Share
8.1.7 Mergers and Acquisitions
8.1.8 Business Strategies By Top Players
8.2 MODINE MANUFACTURING COMPANY
8.2.1 Company Overview
8.2.2 Key Executives
8.2.3 Company Snapshot
8.2.4 Operating Business Segments
8.2.5 Product Portfolio
8.2.6 Business Performance
8.2.7 Key Strategic Moves and Recent Developments
8.2.8 SWOT Analysis
8.3 CONTINENTAL AG
8.4 GENTHERM
8.5 DANA LIMITED
8.6 HANON SYSTEMS
8.7 VALEO
8.8 MAHLE GMBH
8.9 ROBERT BOSCH GMBH
8.10 GRAYSON
8.11 VOSS AUTOMOTIVE GMBH
8.12 OTHER MAJOR PLAYERS
Chapter 9: Global EV Battery Thermal Management System Market Analysis, Insights and Forecast, 2016-2028
9.1 Market Overview
9.2 Historic and Forecasted Market Size By Type
9.2.1 Active
9.2.2 Passive
9.2.3 Hybrid
9.3 Historic and Forecasted Market Size By Technology
9.3.1 Liquid Cooling & Heating
9.3.2 Air Cooling & Heating
9.3.3 Others
9.4 Historic and Forecasted Market Size By Vehicle Type
9.4.1 Passenger Vehicles
9.4.2 Commercial Vehicles
9.4.3 Two-Wheeler
9.4.4 Three-Wheeler
Chapter 10: North America EV Battery Thermal Management System Market Analysis, Insights and Forecast, 2016-2028
10.1 Key Market Trends, Growth Factors and Opportunities
10.2 Impact of Covid-19
10.3 Key Players
10.4 Key Market Trends, Growth Factors and Opportunities
10.4 Historic and Forecasted Market Size By Type
10.4.1 Active
10.4.2 Passive
10.4.3 Hybrid
10.5 Historic and Forecasted Market Size By Technology
10.5.1 Liquid Cooling & Heating
10.5.2 Air Cooling & Heating
10.5.3 Others
10.6 Historic and Forecasted Market Size By Vehicle Type
10.6.1 Passenger Vehicles
10.6.2 Commercial Vehicles
10.6.3 Two-Wheeler
10.6.4 Three-Wheeler
10.7 Historic and Forecast Market Size by Country
10.7.1 U.S.
10.7.2 Canada
10.7.3 Mexico
Chapter 11: Europe EV Battery Thermal Management System Market Analysis, Insights and Forecast, 2016-2028
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Type
11.4.1 Active
11.4.2 Passive
11.4.3 Hybrid
11.5 Historic and Forecasted Market Size By Technology
11.5.1 Liquid Cooling & Heating
11.5.2 Air Cooling & Heating
11.5.3 Others
11.6 Historic and Forecasted Market Size By Vehicle Type
11.6.1 Passenger Vehicles
11.6.2 Commercial Vehicles
11.6.3 Two-Wheeler
11.6.4 Three-Wheeler
11.7 Historic and Forecast Market Size by Country
11.7.1 Germany
11.7.2 U.K.
11.7.3 France
11.7.4 Italy
11.7.5 Russia
11.7.6 Spain
11.7.7 Rest of Europe
Chapter 12: Asia-Pacific EV Battery Thermal Management System Market Analysis, Insights and Forecast, 2016-2028
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Type
12.4.1 Active
12.4.2 Passive
12.4.3 Hybrid
12.5 Historic and Forecasted Market Size By Technology
12.5.1 Liquid Cooling & Heating
12.5.2 Air Cooling & Heating
12.5.3 Others
12.6 Historic and Forecasted Market Size By Vehicle Type
12.6.1 Passenger Vehicles
12.6.2 Commercial Vehicles
12.6.3 Two-Wheeler
12.6.4 Three-Wheeler
12.7 Historic and Forecast Market Size by Country
12.7.1 China
12.7.2 India
12.7.3 Japan
12.7.4 Singapore
12.7.5 Australia
12.7.6 New Zealand
12.7.7 Rest of APAC
Chapter 13: Middle East & Africa EV Battery Thermal Management System Market Analysis, Insights and Forecast, 2016-2028
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Type
13.4.1 Active
13.4.2 Passive
13.4.3 Hybrid
13.5 Historic and Forecasted Market Size By Technology
13.5.1 Liquid Cooling & Heating
13.5.2 Air Cooling & Heating
13.5.3 Others
13.6 Historic and Forecasted Market Size By Vehicle Type
13.6.1 Passenger Vehicles
13.6.2 Commercial Vehicles
13.6.3 Two-Wheeler
13.6.4 Three-Wheeler
13.7 Historic and Forecast Market Size by Country
13.7.1 Turkey
13.7.2 Saudi Arabia
13.7.3 Iran
13.7.4 UAE
13.7.5 Africa
13.7.6 Rest of MEA
Chapter 14: South America EV Battery Thermal Management System Market Analysis, Insights and Forecast, 2016-2028
14.1 Key Market Trends, Growth Factors and Opportunities
14.2 Impact of Covid-19
14.3 Key Players
14.4 Key Market Trends, Growth Factors and Opportunities
14.4 Historic and Forecasted Market Size By Type
14.4.1 Active
14.4.2 Passive
14.4.3 Hybrid
14.5 Historic and Forecasted Market Size By Technology
14.5.1 Liquid Cooling & Heating
14.5.2 Air Cooling & Heating
14.5.3 Others
14.6 Historic and Forecasted Market Size By Vehicle Type
14.6.1 Passenger Vehicles
14.6.2 Commercial Vehicles
14.6.3 Two-Wheeler
14.6.4 Three-Wheeler
14.7 Historic and Forecast Market Size by Country
14.7.1 Brazil
14.7.2 Argentina
14.7.3 Rest of SA
Chapter 15 Investment Analysis
Chapter 16 Analyst Viewpoint and Conclusion
Global EV Battery Thermal Management System Market |
|||
Base Year: |
2022 |
Forecast Period: |
2023 -2030 |
Historical Data: |
2017 to 2022 |
Market Size in 2022: |
USD 2.86 Mn. |
Forecast Period 2023-30 CAGR: |
21.5 % |
Market Size in 2030: |
USD 13.58 Mn. |
Segments Covered: |
By Type |
|
|
By Technology |
|
||
By Vehicle Type |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
LIST OF TABLES
TABLE 001. EXECUTIVE SUMMARY
TABLE 002. EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET COMPETITIVE RIVALRY
TABLE 005. EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET THREAT OF NEW ENTRANTS
TABLE 006. EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET THREAT OF SUBSTITUTES
TABLE 007. EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TYPE
TABLE 008. ACTIVE MARKET OVERVIEW (2016-2028)
TABLE 009. PASSIVE MARKET OVERVIEW (2016-2028)
TABLE 010. HYBRID MARKET OVERVIEW (2016-2028)
TABLE 011. EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY
TABLE 012. LIQUID COOLING & HEATING MARKET OVERVIEW (2016-2028)
TABLE 013. AIR COOLING & HEATING MARKET OVERVIEW (2016-2028)
TABLE 014. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 015. EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE
TABLE 016. PASSENGER VEHICLES MARKET OVERVIEW (2016-2028)
TABLE 017. COMMERCIAL VEHICLES MARKET OVERVIEW (2016-2028)
TABLE 018. TWO-WHEELER MARKET OVERVIEW (2016-2028)
TABLE 019. THREE-WHEELER MARKET OVERVIEW (2016-2028)
TABLE 020. NORTH AMERICA EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY TYPE (2016-2028)
TABLE 021. NORTH AMERICA EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY TECHNOLOGY (2016-2028)
TABLE 022. NORTH AMERICA EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 023. N EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY COUNTRY (2016-2028)
TABLE 024. EUROPE EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY TYPE (2016-2028)
TABLE 025. EUROPE EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY TECHNOLOGY (2016-2028)
TABLE 026. EUROPE EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 027. EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY COUNTRY (2016-2028)
TABLE 028. ASIA PACIFIC EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY TYPE (2016-2028)
TABLE 029. ASIA PACIFIC EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY TECHNOLOGY (2016-2028)
TABLE 030. ASIA PACIFIC EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 031. EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY COUNTRY (2016-2028)
TABLE 032. MIDDLE EAST & AFRICA EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY TYPE (2016-2028)
TABLE 033. MIDDLE EAST & AFRICA EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY TECHNOLOGY (2016-2028)
TABLE 034. MIDDLE EAST & AFRICA EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 035. EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY COUNTRY (2016-2028)
TABLE 036. SOUTH AMERICA EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY TYPE (2016-2028)
TABLE 037. SOUTH AMERICA EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY TECHNOLOGY (2016-2028)
TABLE 038. SOUTH AMERICA EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 039. EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY COUNTRY (2016-2028)
TABLE 040. MODINE MANUFACTURING COMPANY: SNAPSHOT
TABLE 041. MODINE MANUFACTURING COMPANY: BUSINESS PERFORMANCE
TABLE 042. MODINE MANUFACTURING COMPANY: PRODUCT PORTFOLIO
TABLE 043. MODINE MANUFACTURING COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. CONTINENTAL AG: SNAPSHOT
TABLE 044. CONTINENTAL AG: BUSINESS PERFORMANCE
TABLE 045. CONTINENTAL AG: PRODUCT PORTFOLIO
TABLE 046. CONTINENTAL AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. GENTHERM: SNAPSHOT
TABLE 047. GENTHERM: BUSINESS PERFORMANCE
TABLE 048. GENTHERM: PRODUCT PORTFOLIO
TABLE 049. GENTHERM: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. DANA LIMITED: SNAPSHOT
TABLE 050. DANA LIMITED: BUSINESS PERFORMANCE
TABLE 051. DANA LIMITED: PRODUCT PORTFOLIO
TABLE 052. DANA LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. HANON SYSTEMS: SNAPSHOT
TABLE 053. HANON SYSTEMS: BUSINESS PERFORMANCE
TABLE 054. HANON SYSTEMS: PRODUCT PORTFOLIO
TABLE 055. HANON SYSTEMS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. VALEO: SNAPSHOT
TABLE 056. VALEO: BUSINESS PERFORMANCE
TABLE 057. VALEO: PRODUCT PORTFOLIO
TABLE 058. VALEO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. MAHLE GMBH: SNAPSHOT
TABLE 059. MAHLE GMBH: BUSINESS PERFORMANCE
TABLE 060. MAHLE GMBH: PRODUCT PORTFOLIO
TABLE 061. MAHLE GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. ROBERT BOSCH GMBH: SNAPSHOT
TABLE 062. ROBERT BOSCH GMBH: BUSINESS PERFORMANCE
TABLE 063. ROBERT BOSCH GMBH: PRODUCT PORTFOLIO
TABLE 064. ROBERT BOSCH GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. GRAYSON: SNAPSHOT
TABLE 065. GRAYSON: BUSINESS PERFORMANCE
TABLE 066. GRAYSON: PRODUCT PORTFOLIO
TABLE 067. GRAYSON: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. VOSS AUTOMOTIVE GMBH: SNAPSHOT
TABLE 068. VOSS AUTOMOTIVE GMBH: BUSINESS PERFORMANCE
TABLE 069. VOSS AUTOMOTIVE GMBH: PRODUCT PORTFOLIO
TABLE 070. VOSS AUTOMOTIVE GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 070. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 071. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 072. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 073. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET OVERVIEW BY TYPE
FIGURE 012. ACTIVE MARKET OVERVIEW (2016-2028)
FIGURE 013. PASSIVE MARKET OVERVIEW (2016-2028)
FIGURE 014. HYBRID MARKET OVERVIEW (2016-2028)
FIGURE 015. EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET OVERVIEW BY TECHNOLOGY
FIGURE 016. LIQUID COOLING & HEATING MARKET OVERVIEW (2016-2028)
FIGURE 017. AIR COOLING & HEATING MARKET OVERVIEW (2016-2028)
FIGURE 018. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 019. EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET OVERVIEW BY VEHICLE TYPE
FIGURE 020. PASSENGER VEHICLES MARKET OVERVIEW (2016-2028)
FIGURE 021. COMMERCIAL VEHICLES MARKET OVERVIEW (2016-2028)
FIGURE 022. TWO-WHEELER MARKET OVERVIEW (2016-2028)
FIGURE 023. THREE-WHEELER MARKET OVERVIEW (2016-2028)
FIGURE 024. NORTH AMERICA EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. EUROPE EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 026. ASIA PACIFIC EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 027. MIDDLE EAST & AFRICA EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 028. SOUTH AMERICA EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET OVERVIEW BY COUNTRY (2016-2028)
Frequently Asked Questions :
The forecast period in the EV Battery Thermal Management System Market research report is 2023-2030.
Modine Manufacturing Company, continental AG, Gentherm, Dana Limited, Hanon Systems, Valeo, MAHLE GmbH, Robert Bosch GmbH, Grayson, VOSS Automotive GmbH.
The EV Battery Thermal Management System market is segmented into Type, Technology, Vehicle Type and region. By Type, the market is categorized into Active, Passive, Hybrid. By Technology, it is classified into Liquid Cooling and Heating, Air Cooling and Heating, Others. By Vehicle Type, the market is categorized into Passenger Vehicles, Commercial Vehicles, Two-Wheeler, Three-Wheeler. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain etc.), Asia-Pacific (China; India; Japan; Southeast Asia etc.), South America (Brazil; Argentina etc.), Middle East & Africa (Saudi Arabia; South Africa etc.).
Thermal management systems are necessary to keep the battery's temperature range within an acceptable range for efficient operation. The need for battery-powered automobiles has compelled manufacturers to create better heat management technologies. Fast charging capabilities and battery size reduction are limiting market expansion.
The global market for EV Battery Thermal Management System valued at USD 2.86 Billion in 2022 is projected to reach a revised size of USD 13.58 Billion by 2030, growing at a CAGR of 21.5% over the period 2023-2030.