Europe Electric Vehicle Thermal Management System Market to 2032
Overview
The Europe Electric Vehicle Thermal Management System Market is expected to reach a 6.83 USD Billion by 2032 and is projected to grow at a CAGR of 30.65% from 2025 to 2032.
Revenue, 2024 (USD Billion)
1.26
Forecast, 2032 (USD Billion)
6.83
CAGR, 2024 - 2032
30.65%
Report Coverage
Europe
Europe Electric Vehicle Thermal Management System Market 2018-2032 USD Billion
Europe Electric Vehicle Thermal Management System Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 1.26 USD Billion
- Projected Market Size (2032): 6.83 USD Billion
- CAGR (2025-2032): 30.65%
Key Findings of Europe Electric Vehicle Thermal Management System Market
- The Europe Electric Vehicle Thermal Management System Market was valued at 1.26 USD Billion in 2024.
- The Europe Electric Vehicle Thermal Management System Market is likely to grow at a CAGR of 30.65% 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 1.24 USD Billion
- The fastest growing segment Solid-State in Battery Type Segment grew Fastest with a CAGR of 35.87% during the forecast period from 2024 to 2032.
Europe Electric Vehicle Thermal Management System Market Scope
Europe Electric Vehicle Thermal Management System Market Segmentation & Scope
Technology
- Passive
- Active
Propulsion Type
- FCV
- HEV
- PHEV
- BEV
Battery Type
- Solid-State
- Conventional
Battery Capacity
- Above 90 kWh
- Below 30 kWh
- 60-90 kWh
- 30-60 kWh
System Type
- Others
- Powertrain
- HVAC
- Battery Thermal Management System
Vehicle Type
- Commercial
- Passenger
Europe Electric Vehicle Thermal Management System Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2022 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 1.26 USD Billion |
| Market Value in 2032 | 6.83 USD Billion |
| CAGR (2025-2032) | 30.65% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Technology,Propulsion Type,Battery Type,Battery Capacity,System Type,Vehicle Type |
Regional Insights:
-
Leading Market (2024-2032): Europe, leading in terms of revenue 1.26 USD Billion in 2024
- Key Country: Germany, leading in terms of revenue with value of 234.73 USD Million in 2024.
Segments and Scope
-
Europe Electric Vehicle Thermal Management System Market to 2032, By Technology
- Active is the largest segment in Europe Electric Vehicle Thermal Management System Market to 2032 with a revenue of 808.88 USD Billion in the year 2024.
- Active is the Fastest growing segment in Europe Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 31.13 % in forecast period 2025-2032.
-
Europe Electric Vehicle Thermal Management System Market to 2032, By Propulsion Type
- BEV is the largest segment in Europe Electric Vehicle Thermal Management System Market to 2032 with a revenue of 788.29 USD Billion in the year 2024.
- BEV is the Fastest growing segment in Europe Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 30.97 % in forecast period 2025-2032.
-
Europe Electric Vehicle Thermal Management System Market to 2032, By Battery Type
- Conventional is the largest segment in Europe Electric Vehicle Thermal Management System Market to 2032 with a revenue of 1.24 USD Billion in the year 2024.
- Solid-State is the Fastest growing segment in Europe Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 30.55 % in forecast period 2025-2032.
-
Europe Electric Vehicle Thermal Management System Market to 2032, By Battery Capacity
- 30-60 kWh is the largest segment in Europe Electric Vehicle Thermal Management System Market to 2032 with a revenue of 683.68 USD Billion in the year 2024.
- 30-60 kWh is the Fastest growing segment in Europe Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 31.14 % in forecast period 2025-2032.
-
Europe Electric Vehicle Thermal Management System Market to 2032, By System Type
- Battery Thermal Management System is the largest segment in Europe Electric Vehicle Thermal Management System Market to 2032 with a revenue of 638.24 USD Billion in the year 2024.
- Battery Thermal Management System is the Fastest growing segment in Europe Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 31.04 % in forecast period 2025-2032.
-
Europe Electric Vehicle Thermal Management System Market to 2032, By Vehicle Type
- Passenger is the largest segment in Europe Electric Vehicle Thermal Management System Market to 2032 with a revenue of 1.09 USD Billion in the year 2024.
- Passenger is the Fastest growing segment in Europe Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 30.86 % in forecast period 2025-2032.
Europe Electric Vehicle Thermal Management System Market Company Share Analysis
| Company Name |
|
||
| Marelli Holdings Co., Ltd. | |||
| Robert Bosch GmbH | |||
| BorgWarner Inc. | |||
| Dana Limited | |||
| DENSO CORPORATION | |||
Europe Electric Vehicle Thermal Management System Market Geographical Sales Distribution, 2018-2032 USD Billion
Europe Electric Vehicle Thermal Management System Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Europe Electric Vehicle Thermal Management System Market is segmented based on Segmentation Technology,Propulsion Type,Battery Type,Battery Capacity,System Type,Vehicle Type.
Europe Electric Vehicle Thermal Management System Market was valued at USD 1.26(Revenue in USD Billion) in 2022.
Europe Electric Vehicle Thermal Management System Market is projected to grow at a CAGR of 30.65% during the forecast period of 2024 to 2032.
The Conventional segment is expected to dominate the Europe Electric Vehicle Thermal Management System Market, holding a largest market share of 1.24 USD Billion in 2024
Europe Electric Vehicle Thermal Management System Market Scope
Europe Electric Vehicle Thermal Management System Market Segmentation & Scope
Technology
- Passive
- Active
Propulsion Type
- FCV
- HEV
- PHEV
- BEV
Battery Type
- Solid-State
- Conventional
Battery Capacity
- Above 90 kWh
- Below 30 kWh
- 60-90 kWh
- 30-60 kWh
System Type
- Others
- Powertrain
- HVAC
- Battery Thermal Management System
Vehicle Type
- Commercial
- Passenger
Frequently Asked Questions
The Europe Electric Vehicle Thermal Management System Market is segmented based on Segmentation Technology,Propulsion Type,Battery Type,Battery Capacity,System Type,Vehicle Type.
Europe Electric Vehicle Thermal Management System Market was valued at USD 1.26(Revenue in USD Billion) in 2022.
Europe Electric Vehicle Thermal Management System Market is projected to grow at a CAGR of 30.65% during the forecast period of 2024 to 2032.
The estimated market value of the Europe Electric Vehicle Thermal Management System Market for final year is USD 6.83 (USD Billion).
Europe Electric Vehicle Thermal Management System Market Company Profiling
Frequently Asked Questions
The Europe Electric Vehicle Thermal Management System Market is segmented based on Segmentation Technology,Propulsion Type,Battery Type,Battery Capacity,System Type,Vehicle Type.
Europe Electric Vehicle Thermal Management System Market was valued at USD 1.26(Revenue in USD Billion) in 2022.
Europe Electric Vehicle Thermal Management System Market is projected to grow at a CAGR of 30.65% during the forecast period of 2024 to 2032.
The estimated market value of the Europe Electric Vehicle Thermal Management System Market for final year is USD 6.83 (USD Billion).
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