Canada Electric Vehicle Thermal Management System Market to 2032
Overview
The Canada Electric Vehicle Thermal Management System Market is expected to reach a 428.66 USD Million by 2032 and is projected to grow at a CAGR of 28.92% from 2025 to 2032.
Revenue, 2024 (USD Million)
85.99
Forecast, 2032 (USD Million)
428.66
CAGR, 2024 - 2032
28.92%
Report Coverage
Canada
Canada Electric Vehicle Thermal Management System Market 2018-2032 USD Million
Canada Electric Vehicle Thermal Management System Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 85.99 USD Million
- Projected Market Size (2032): 428.66 USD Million
- CAGR (2025-2032): 28.92%
Key Findings of Canada Electric Vehicle Thermal Management System Market
- The Canada Electric Vehicle Thermal Management System Market was valued at 85.99 USD Million in 2024.
- The Canada Electric Vehicle Thermal Management System Market is likely to grow at a CAGR of 28.92% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Conventional in Battery Type Segment accounted for the largest share of the market with a revenue of 84.86 USD Million
- The fastest growing segment Solid-State in Battery Type Segment grew Fastest with a CAGR of 34.25% during the forecast period from 2024 to 2032.
Canada Electric Vehicle Thermal Management System Market Scope
Canada Electric Vehicle Thermal Management System Market Segmentation & Scope
Propulsion Type
- FCV
- HEV
- PHEV
- BEV
Vehicle Type
- Commercial
- Passenger
Battery Capacity
- Above 90 kWh
- Below 30 kWh
- 60-90 kWh
- 30-60 kWh
Battery Type
- Solid-State
- Conventional
Technology
- Passive
- Active
System Type
- Others
- Powertrain
- HVAC
- Battery Thermal Management System
Canada Electric Vehicle Thermal Management System Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2022 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 85.99 USD Million |
| Market Value in 2032 | 428.66 USD Million |
| CAGR (2025-2032) | 28.92% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Propulsion Type,Vehicle Type,Battery Capacity,Battery Type,Technology,System Type |
Regional Insights:
-
Leading Market (2024-2032): Canada, leading in terms of revenue 85.99 USD Million in 2024
- Key Country: Canada, leading in terms of revenue with value of 85.99 USD Million in 2024.
Segments and Scope
-
Canada Electric Vehicle Thermal Management System Market to 2032, By Propulsion Type
- BEV is the largest segment in Canada Electric Vehicle Thermal Management System Market to 2032 with a revenue of 55.00 USD Million in the year 2024.
- BEV is the Fastest growing segment in Canada Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 29.29 % in forecast period 2025-2032.
-
Canada Electric Vehicle Thermal Management System Market to 2032, By Vehicle Type
- Passenger is the largest segment in Canada Electric Vehicle Thermal Management System Market to 2032 with a revenue of 75.85 USD Million in the year 2024.
- Passenger is the Fastest growing segment in Canada Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 29.11 % in forecast period 2025-2032.
-
Canada Electric Vehicle Thermal Management System Market to 2032, By Battery Capacity
- 30-60 kWh is the largest segment in Canada Electric Vehicle Thermal Management System Market to 2032 with a revenue of 47.83 USD Million in the year 2024.
- 30-60 kWh is the Fastest growing segment in Canada Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 29.44 % in forecast period 2025-2032.
-
Canada Electric Vehicle Thermal Management System Market to 2032, By Battery Type
- Conventional is the largest segment in Canada Electric Vehicle Thermal Management System Market to 2032 with a revenue of 84.86 USD Million in the year 2024.
- Solid-State is the Fastest growing segment in Canada Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 28.85 % in forecast period 2025-2032.
-
Canada Electric Vehicle Thermal Management System Market to 2032, By Technology
- Active is the largest segment in Canada Electric Vehicle Thermal Management System Market to 2032 with a revenue of 53.48 USD Million in the year 2024.
- Active is the Fastest growing segment in Canada Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 29.53 % in forecast period 2025-2032.
-
Canada Electric Vehicle Thermal Management System Market to 2032, By System Type
- Battery Thermal Management System is the largest segment in Canada Electric Vehicle Thermal Management System Market to 2032 with a revenue of 48.45 USD Million in the year 2024.
- Battery Thermal Management System is the Fastest growing segment in Canada Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 29.21 % in forecast period 2025-2032.
Canada Electric Vehicle Thermal Management System Market Company Share Analysis
| Company Name |
|
||
| Marelli Holdings Co., Ltd. | |||
| Robert Bosch GmbH | |||
| BorgWarner Inc. | |||
| Dana Limited | |||
| DENSO CORPORATION | |||
Canada Electric Vehicle Thermal Management System Market Geographical Sales Distribution, 2018-2032 USD Million
Canada Electric Vehicle Thermal Management System Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Canada Electric Vehicle Thermal Management System Market is segmented based on Segmentation Propulsion Type,Vehicle Type,Battery Capacity,Battery Type,Technology,System Type.
Canada Electric Vehicle Thermal Management System Market was valued at USD 85.99(Revenue in USD Million) in 2022.
Canada Electric Vehicle Thermal Management System Market is projected to grow at a CAGR of 28.92% during the forecast period of 2024 to 2032.
The Conventional segment is expected to dominate the Canada Electric Vehicle Thermal Management System Market, holding a largest market share of 84.86 USD Million in 2024
Canada Electric Vehicle Thermal Management System Market Scope
Canada Electric Vehicle Thermal Management System Market Segmentation & Scope
Propulsion Type
- FCV
- HEV
- PHEV
- BEV
Vehicle Type
- Commercial
- Passenger
Battery Capacity
- Above 90 kWh
- Below 30 kWh
- 60-90 kWh
- 30-60 kWh
Battery Type
- Solid-State
- Conventional
Technology
- Passive
- Active
System Type
- Others
- Powertrain
- HVAC
- Battery Thermal Management System
Frequently Asked Questions
The Canada Electric Vehicle Thermal Management System Market is segmented based on Segmentation Propulsion Type,Vehicle Type,Battery Capacity,Battery Type,Technology,System Type.
Canada Electric Vehicle Thermal Management System Market was valued at USD 85.99(Revenue in USD Million) in 2022.
Canada Electric Vehicle Thermal Management System Market is projected to grow at a CAGR of 28.92% during the forecast period of 2024 to 2032.
The estimated market value of the Canada Electric Vehicle Thermal Management System Market for final year is USD 428.66 (USD Million).
Canada Electric Vehicle Thermal Management System Market Company Profiling
Frequently Asked Questions
The Canada Electric Vehicle Thermal Management System Market is segmented based on Segmentation Propulsion Type,Vehicle Type,Battery Capacity,Battery Type,Technology,System Type.
Canada Electric Vehicle Thermal Management System Market was valued at USD 85.99(Revenue in USD Million) in 2022.
Canada Electric Vehicle Thermal Management System Market is projected to grow at a CAGR of 28.92% during the forecast period of 2024 to 2032.
The estimated market value of the Canada Electric Vehicle Thermal Management System Market for final year is USD 428.66 (USD Million).
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