Saudi Arabia Electric Vehicle Thermal Management System Market to 2032
Overview
The Saudi Arabia Electric Vehicle Thermal Management System Market is expected to reach a 321.51 USD Million by 2032 and is projected to grow at a CAGR of 30.17% from 2025 to 2032.
Revenue, 2024 (USD Million)
60.74
Forecast, 2032 (USD Million)
321.51
CAGR, 2024 - 2032
30.17%
Report Coverage
Saudi Arabia
Saudi Arabia Electric Vehicle Thermal Management System Market 2018-2032 USD Million
Saudi Arabia Electric Vehicle Thermal Management System Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 60.74 USD Million
- Projected Market Size (2032): 321.51 USD Million
- CAGR (2025-2032): 30.17%
Key Findings of Saudi Arabia Electric Vehicle Thermal Management System Market
- The Saudi Arabia Electric Vehicle Thermal Management System Market was valued at 60.74 USD Million in 2024.
- The Saudi Arabia Electric Vehicle Thermal Management System Market is likely to grow at a CAGR of 30.17% 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 59.91 USD Million
- The fastest growing segment Solid-State in Battery Type Segment grew Fastest with a CAGR of 37.08% during the forecast period from 2024 to 2032.
Saudi Arabia Electric Vehicle Thermal Management System Market Scope
Saudi Arabia 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
Saudi Arabia 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 | 60.74 USD Million |
| Market Value in 2032 | 321.51 USD Million |
| CAGR (2025-2032) | 30.17% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Vehicle Type,Battery Capacity,Battery Type,Technology,Propulsion Type,System Type |
Regional Insights:
-
Leading Market (2024-2032): Saudi Arabia, leading in terms of revenue 60.74 USD Million in 2024
- Key Country: Saudi Arabia, leading in terms of revenue with value of 60.74 USD Million in 2024.
Segments and Scope
-
Saudi Arabia Electric Vehicle Thermal Management System Market to 2032, By Vehicle Type
- Passenger is the largest segment in Saudi Arabia Electric Vehicle Thermal Management System Market to 2032 with a revenue of 53.57 USD Million in the year 2024.
- Passenger is the Fastest growing segment in Saudi Arabia Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 30.36 % in forecast period 2025-2032.
-
Saudi Arabia Electric Vehicle Thermal Management System Market to 2032, By Battery Capacity
- 30-60 kWh is the largest segment in Saudi Arabia Electric Vehicle Thermal Management System Market to 2032 with a revenue of 33.78 USD Million in the year 2024.
- 30-60 kWh is the Fastest growing segment in Saudi Arabia Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 30.69 % in forecast period 2025-2032.
-
Saudi Arabia Electric Vehicle Thermal Management System Market to 2032, By Battery Type
- Conventional is the largest segment in Saudi Arabia Electric Vehicle Thermal Management System Market to 2032 with a revenue of 59.91 USD Million in the year 2024.
- Solid-State is the Fastest growing segment in Saudi Arabia Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 30.08 % in forecast period 2025-2032.
-
Saudi Arabia Electric Vehicle Thermal Management System Market to 2032, By Technology
- Active is the largest segment in Saudi Arabia Electric Vehicle Thermal Management System Market to 2032 with a revenue of 37.77 USD Million in the year 2024.
- Active is the Fastest growing segment in Saudi Arabia Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 30.78 % in forecast period 2025-2032.
-
Saudi Arabia Electric Vehicle Thermal Management System Market to 2032, By Propulsion Type
- BEV is the largest segment in Saudi Arabia Electric Vehicle Thermal Management System Market to 2032 with a revenue of 38.85 USD Million in the year 2024.
- BEV is the Fastest growing segment in Saudi Arabia Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 30.54 % in forecast period 2025-2032.
-
Saudi Arabia Electric Vehicle Thermal Management System Market to 2032, By System Type
- Battery Thermal Management System is the largest segment in Saudi Arabia Electric Vehicle Thermal Management System Market to 2032 with a revenue of 30.88 USD Million in the year 2024.
- Battery Thermal Management System is the Fastest growing segment in Saudi Arabia Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 30.54 % in forecast period 2025-2032.
Saudi Arabia Electric Vehicle Thermal Management System Market Company Share Analysis
| Company Name |
|
||
| Marelli Holdings Co., Ltd. | |||
| Robert Bosch GmbH | |||
| BorgWarner Inc. | |||
| Dana Limited | |||
| DENSO CORPORATION | |||
Saudi Arabia Electric Vehicle Thermal Management System Market Geographical Sales Distribution, 2018-2032 USD Million
Saudi Arabia Electric Vehicle Thermal Management System Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Saudi Arabia Electric Vehicle Thermal Management System Market is segmented based on Segmentation Vehicle Type,Battery Capacity,Battery Type,Technology,Propulsion Type,System Type.
Saudi Arabia Electric Vehicle Thermal Management System Market was valued at USD 60.74(Revenue in USD Million) in 2022.
Saudi Arabia Electric Vehicle Thermal Management System Market is projected to grow at a CAGR of 30.17% during the forecast period of 2024 to 2032.
The Conventional segment is expected to dominate the Saudi Arabia Electric Vehicle Thermal Management System Market, holding a largest market share of 59.91 USD Million in 2024
Saudi Arabia Electric Vehicle Thermal Management System Market Scope
Saudi Arabia 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 Saudi Arabia Electric Vehicle Thermal Management System Market is segmented based on Segmentation Vehicle Type,Battery Capacity,Battery Type,Technology,Propulsion Type,System Type.
Saudi Arabia Electric Vehicle Thermal Management System Market was valued at USD 60.74(Revenue in USD Million) in 2022.
Saudi Arabia Electric Vehicle Thermal Management System Market is projected to grow at a CAGR of 30.17% during the forecast period of 2024 to 2032.
The estimated market value of the Saudi Arabia Electric Vehicle Thermal Management System Market for final year is USD 321.51 (USD Million).
Saudi Arabia Electric Vehicle Thermal Management System Market Company Profiling
Frequently Asked Questions
The Saudi Arabia Electric Vehicle Thermal Management System Market is segmented based on Segmentation Vehicle Type,Battery Capacity,Battery Type,Technology,Propulsion Type,System Type.
Saudi Arabia Electric Vehicle Thermal Management System Market was valued at USD 60.74(Revenue in USD Million) in 2022.
Saudi Arabia Electric Vehicle Thermal Management System Market is projected to grow at a CAGR of 30.17% during the forecast period of 2024 to 2032.
The estimated market value of the Saudi Arabia Electric Vehicle Thermal Management System Market for final year is USD 321.51 (USD Million).
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