Global Electric Vehicle Thermal Management System Market to 2032
Overview
The Global Electric Vehicle Thermal Management System Market is expected to reach a 20.01 USD Billion by 2032 and is projected to grow at a CAGR of 16.41% from 2025 to 2032.
Revenue, 2024 (USD Billion)
4.51
Forecast, 2032 (USD Billion)
20.01
CAGR, 2024 - 2032
16.41%
Report Coverage
Global
Global Electric Vehicle Thermal Management System Market 2018-2032 USD Billion
Global Electric Vehicle Thermal Management System Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 4.51 USD Billion
- Projected Market Size (2032): 20.01 USD Billion
- CAGR (2025-2032): 16.41%
Key Findings of Global Electric Vehicle Thermal Management System Market
- The Global Electric Vehicle Thermal Management System Market was valued at 20.01 USD Billion in 2024.
- The Global Electric Vehicle Thermal Management System Market is likely to grow at a CAGR of 16.41% 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 4.43 USD Billion
- The fastest growing segment Solid-State in Battery Type Segment grew Fastest with a CAGR of 19.12% during the forecast period from 2024 to 2032.
Global Electric Vehicle Thermal Management System Market Scope
Global 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
Global 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 | 4.51 USD Billion |
| Market Value in 2032 | 20.01 USD Billion |
| CAGR (2025-2032) | 16.41% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Vehicle Type,Battery Capacity,Battery Type,Technology,Propulsion Type,System Type |
Regional Insights:
-
Leading Market (2024-2032): Global, leading in terms of revenue 4.51 USD Billion in 2024
- Key Country: China, leading in terms of revenue with value of 910.82 USD Million in 2024.
Segments and Scope
-
Global Electric Vehicle Thermal Management System Market to 2032, By Vehicle Type
- Passenger is the largest segment in Global Electric Vehicle Thermal Management System Market to 2032 with a revenue of 3.88 USD Billion in the year 2024.
- Passenger is the Fastest growing segment in Global Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 16.51 % in forecast period 2025-2032.
-
Global Electric Vehicle Thermal Management System Market to 2032, By Battery Capacity
- 30-60 kWh is the largest segment in Global Electric Vehicle Thermal Management System Market to 2032 with a revenue of 2.45 USD Billion in the year 2024.
- 30-60 kWh is the Fastest growing segment in Global Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 16.66 % in forecast period 2025-2032.
-
Global Electric Vehicle Thermal Management System Market to 2032, By Battery Type
- Conventional is the largest segment in Global Electric Vehicle Thermal Management System Market to 2032 with a revenue of 4.43 USD Billion in the year 2024.
- Solid-State is the Fastest growing segment in Global Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 16.36 % in forecast period 2025-2032.
-
Global Electric Vehicle Thermal Management System Market to 2032, By Technology
- Active is the largest segment in Global Electric Vehicle Thermal Management System Market to 2032 with a revenue of 2.87 USD Billion in the year 2024.
- Active is the Fastest growing segment in Global Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 16.66 % in forecast period 2025-2032.
-
Global Electric Vehicle Thermal Management System Market to 2032, By Propulsion Type
- BEV is the largest segment in Global Electric Vehicle Thermal Management System Market to 2032 with a revenue of 2.79 USD Billion in the year 2024.
- BEV is the Fastest growing segment in Global Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 16.57 % in forecast period 2025-2032.
-
Global Electric Vehicle Thermal Management System Market to 2032, By System Type
- Battery Thermal Management System is the largest segment in Global Electric Vehicle Thermal Management System Market to 2032 with a revenue of 2.27 USD Billion in the year 2024.
- Battery Thermal Management System is the Fastest growing segment in Global Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 16.60 % in forecast period 2025-2032.
Global Electric Vehicle Thermal Management System Market Company Share Analysis
| Company Name |
|
||
| Marelli Holdings Co., Ltd. | |||
| Robert Bosch GmbH | |||
| BorgWarner Inc. | |||
| Dana Limited | |||
| DENSO CORPORATION | |||
Global Electric Vehicle Thermal Management System Market Geographical Sales Distribution, 2018-2032 USD Billion
Global Electric Vehicle Thermal Management System Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Global Electric Vehicle Thermal Management System Market is segmented based on Segmentation Vehicle Type,Battery Capacity,Battery Type,Technology,Propulsion Type,System Type.
Global Electric Vehicle Thermal Management System Market was valued at USD 4.51(Revenue in USD Billion) in 2022.
Global Electric Vehicle Thermal Management System Market is projected to grow at a CAGR of 16.41% during the forecast period of 2024 to 2032.
The Conventional segment is expected to dominate the Global Electric Vehicle Thermal Management System Market, holding a largest market share of 4.43 USD Billion in 2024
Global Electric Vehicle Thermal Management System Market Scope
Global 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 Global Electric Vehicle Thermal Management System Market is segmented based on Segmentation Vehicle Type,Battery Capacity,Battery Type,Technology,Propulsion Type,System Type.
Global Electric Vehicle Thermal Management System Market was valued at USD 4.51(Revenue in USD Billion) in 2022.
Global Electric Vehicle Thermal Management System Market is projected to grow at a CAGR of 16.41% during the forecast period of 2024 to 2032.
The estimated market value of the Global Electric Vehicle Thermal Management System Market for final year is USD 20.01 (USD Billion).
Global Electric Vehicle Thermal Management System Market Company Profiling
Frequently Asked Questions
The Global Electric Vehicle Thermal Management System Market is segmented based on Segmentation Vehicle Type,Battery Capacity,Battery Type,Technology,Propulsion Type,System Type.
Global Electric Vehicle Thermal Management System Market was valued at USD 4.51(Revenue in USD Billion) in 2022.
Global Electric Vehicle Thermal Management System Market is projected to grow at a CAGR of 16.41% during the forecast period of 2024 to 2032.
The estimated market value of the Global Electric Vehicle Thermal Management System Market for final year is USD 20.01 (USD Billion).
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