China Electric Vehicle Thermal Management System Market to 2032
Overview
The China Electric Vehicle Thermal Management System Market is expected to reach a 5,103.20 USD Million by 2032 and is projected to grow at a CAGR of 31.37% from 2025 to 2032.
Revenue, 2024 (USD Million)
910.82
Forecast, 2032 (USD Million)
5,103.20
CAGR, 2024 - 2032
31.37%
Report Coverage
China
China Electric Vehicle Thermal Management System Market 2018-2032 USD Million
China Electric Vehicle Thermal Management System Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 910.82 USD Million
- Projected Market Size (2032): 5,103.20 USD Million
- CAGR (2025-2032): 31.37%
Key Findings of China Electric Vehicle Thermal Management System Market
- The China Electric Vehicle Thermal Management System Market was valued at 910.82 USD Million in 2024.
- The China Electric Vehicle Thermal Management System Market is likely to grow at a CAGR of 31.37% 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 895.68 USD Million
- The fastest growing segment Solid-State in Battery Type Segment grew Fastest with a CAGR of 37.31% during the forecast period from 2024 to 2032.
China Electric Vehicle Thermal Management System Market Scope
China Electric Vehicle Thermal Management System Market Segmentation & Scope
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
Propulsion Type
- FCV
- HEV
- PHEV
- BEV
System Type
- Others
- Powertrain
- HVAC
- Battery Thermal Management System
China 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 | 910.82 USD Million |
| Market Value in 2032 | 5,103.20 USD Million |
| CAGR (2025-2032) | 31.37% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Vehicle Type,Battery Capacity,Battery Type,Technology,Propulsion Type,System Type |
Regional Insights:
-
Leading Market (2024-2032): China, leading in terms of revenue 910.82 USD Million in 2024
- Key Country: China, leading in terms of revenue with value of 910.82 USD Million in 2024.
Segments and Scope
-
China Electric Vehicle Thermal Management System Market to 2032, By Vehicle Type
- Passenger is the largest segment in China Electric Vehicle Thermal Management System Market to 2032 with a revenue of 765.02 USD Million in the year 2024.
- Passenger is the Fastest growing segment in China Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 31.56 % in forecast period 2025-2032.
-
China Electric Vehicle Thermal Management System Market to 2032, By Battery Capacity
- 30-60 kWh is the largest segment in China Electric Vehicle Thermal Management System Market to 2032 with a revenue of 498.60 USD Million in the year 2024.
- 30-60 kWh is the Fastest growing segment in China Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 31.92 % in forecast period 2025-2032.
-
China Electric Vehicle Thermal Management System Market to 2032, By Battery Type
- Conventional is the largest segment in China Electric Vehicle Thermal Management System Market to 2032 with a revenue of 895.68 USD Million in the year 2024.
- Solid-State is the Fastest growing segment in China Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 31.27 % in forecast period 2025-2032.
-
China Electric Vehicle Thermal Management System Market to 2032, By Technology
- Active is the largest segment in China Electric Vehicle Thermal Management System Market to 2032 with a revenue of 586.52 USD Million in the year 2024.
- Active is the Fastest growing segment in China Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 31.88 % in forecast period 2025-2032.
-
China Electric Vehicle Thermal Management System Market to 2032, By Propulsion Type
- BEV is the largest segment in China Electric Vehicle Thermal Management System Market to 2032 with a revenue of 537.86 USD Million in the year 2024.
- BEV is the Fastest growing segment in China Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 31.73 % in forecast period 2025-2032.
-
China Electric Vehicle Thermal Management System Market to 2032, By System Type
- Battery Thermal Management System is the largest segment in China Electric Vehicle Thermal Management System Market to 2032 with a revenue of 464.35 USD Million in the year 2024.
- Battery Thermal Management System is the Fastest growing segment in China Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 31.79 % in forecast period 2025-2032.
China Electric Vehicle Thermal Management System Market Company Share Analysis
| Company Name |
|
||
| Marelli Holdings Co., Ltd. | |||
| Robert Bosch GmbH | |||
| BorgWarner Inc. | |||
| Dana Limited | |||
| DENSO CORPORATION | |||
China Electric Vehicle Thermal Management System Market Geographical Sales Distribution, 2018-2032 USD Million
China Electric Vehicle Thermal Management System Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The China Electric Vehicle Thermal Management System Market is segmented based on Segmentation Vehicle Type,Battery Capacity,Battery Type,Technology,Propulsion Type,System Type.
China Electric Vehicle Thermal Management System Market was valued at USD 910.82(Revenue in USD Million) in 2022.
China Electric Vehicle Thermal Management System Market is projected to grow at a CAGR of 31.37% during the forecast period of 2024 to 2032.
The Conventional segment is expected to dominate the China Electric Vehicle Thermal Management System Market, holding a largest market share of 895.68 USD Million in 2024
China Electric Vehicle Thermal Management System Market Scope
China Electric Vehicle Thermal Management System Market Segmentation & Scope
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
Propulsion Type
- FCV
- HEV
- PHEV
- BEV
System Type
- Others
- Powertrain
- HVAC
- Battery Thermal Management System
Frequently Asked Questions
The China Electric Vehicle Thermal Management System Market is segmented based on Segmentation Vehicle Type,Battery Capacity,Battery Type,Technology,Propulsion Type,System Type.
China Electric Vehicle Thermal Management System Market was valued at USD 910.82(Revenue in USD Million) in 2022.
China Electric Vehicle Thermal Management System Market is projected to grow at a CAGR of 31.37% during the forecast period of 2024 to 2032.
The estimated market value of the China Electric Vehicle Thermal Management System Market for final year is USD 5,103.20 (USD Million).
China Electric Vehicle Thermal Management System Market Company Profiling
Frequently Asked Questions
The China Electric Vehicle Thermal Management System Market is segmented based on Segmentation Vehicle Type,Battery Capacity,Battery Type,Technology,Propulsion Type,System Type.
China Electric Vehicle Thermal Management System Market was valued at USD 910.82(Revenue in USD Million) in 2022.
China Electric Vehicle Thermal Management System Market is projected to grow at a CAGR of 31.37% during the forecast period of 2024 to 2032.
The estimated market value of the China Electric Vehicle Thermal Management System Market for final year is USD 5,103.20 (USD Million).
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