Singapore Electric Vehicle Thermal Management System Market to 2032
Overview
The Singapore Electric Vehicle Thermal Management System Market is expected to reach a 372.81 USD Million by 2032 and is projected to grow at a CAGR of 29.69% from 2025 to 2032.
Revenue, 2024 (USD Million)
72.09
Forecast, 2032 (USD Million)
372.81
CAGR, 2024 - 2032
29.69%
Report Coverage
Singapore
Singapore Electric Vehicle Thermal Management System Market 2018-2032 USD Million
Singapore Electric Vehicle Thermal Management System Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 72.09 USD Million
- Projected Market Size (2032): 372.81 USD Million
- CAGR (2025-2032): 29.69%
Key Findings of Singapore Electric Vehicle Thermal Management System Market
- The Singapore Electric Vehicle Thermal Management System Market was valued at 72.09 USD Million in 2024.
- The Singapore Electric Vehicle Thermal Management System Market is likely to grow at a CAGR of 29.69% 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 70.78 USD Million
- The fastest growing segment Solid-State in Battery Type Segment grew Fastest with a CAGR of 35.05% during the forecast period from 2024 to 2032.
Singapore Electric Vehicle Thermal Management System Market Scope
Singapore Electric Vehicle Thermal Management System Market Segmentation & Scope
System Type
- Others
- Powertrain
- HVAC
- Battery Thermal Management System
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
Singapore 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 | 72.09 USD Million |
| Market Value in 2032 | 372.81 USD Million |
| CAGR (2025-2032) | 29.69% |
| Historic Data | 2016-2023 |
| Market Segments Covered | System Type,Vehicle Type,Battery Capacity,Battery Type,Technology,Propulsion Type |
Regional Insights:
-
Leading Market (2024-2032): Singapore, leading in terms of revenue 72.09 USD Million in 2024
- Key Country: Singapore, leading in terms of revenue with value of 72.09 USD Million in 2024.
Segments and Scope
-
Singapore Electric Vehicle Thermal Management System Market to 2032, By System Type
- Battery Thermal Management System is the largest segment in Singapore Electric Vehicle Thermal Management System Market to 2032 with a revenue of 35.42 USD Million in the year 2024.
- Battery Thermal Management System is the Fastest growing segment in Singapore Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 30.06 % in forecast period 2025-2032.
-
Singapore Electric Vehicle Thermal Management System Market to 2032, By Vehicle Type
- Passenger is the largest segment in Singapore Electric Vehicle Thermal Management System Market to 2032 with a revenue of 62.30 USD Million in the year 2024.
- Passenger is the Fastest growing segment in Singapore Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 29.90 % in forecast period 2025-2032.
-
Singapore Electric Vehicle Thermal Management System Market to 2032, By Battery Capacity
- 30-60 kWh is the largest segment in Singapore Electric Vehicle Thermal Management System Market to 2032 with a revenue of 39.06 USD Million in the year 2024.
- 30-60 kWh is the Fastest growing segment in Singapore Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 30.17 % in forecast period 2025-2032.
-
Singapore Electric Vehicle Thermal Management System Market to 2032, By Battery Type
- Conventional is the largest segment in Singapore Electric Vehicle Thermal Management System Market to 2032 with a revenue of 70.78 USD Million in the year 2024.
- Solid-State is the Fastest growing segment in Singapore Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 29.59 % in forecast period 2025-2032.
-
Singapore Electric Vehicle Thermal Management System Market to 2032, By Technology
- Active is the largest segment in Singapore Electric Vehicle Thermal Management System Market to 2032 with a revenue of 46.06 USD Million in the year 2024.
- Active is the Fastest growing segment in Singapore Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 30.16 % in forecast period 2025-2032.
-
Singapore Electric Vehicle Thermal Management System Market to 2032, By Propulsion Type
- BEV is the largest segment in Singapore Electric Vehicle Thermal Management System Market to 2032 with a revenue of 45.06 USD Million in the year 2024.
- BEV is the Fastest growing segment in Singapore Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 30.01 % in forecast period 2025-2032.
Singapore Electric Vehicle Thermal Management System Market Company Share Analysis
| Company Name |
|
||
| Marelli Holdings Co., Ltd. | |||
| Robert Bosch GmbH | |||
| BorgWarner Inc. | |||
| Dana Limited | |||
| DENSO CORPORATION | |||
Singapore Electric Vehicle Thermal Management System Market Geographical Sales Distribution, 2018-2032 USD Million
Singapore Electric Vehicle Thermal Management System Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Singapore Electric Vehicle Thermal Management System Market is segmented based on Segmentation System Type,Vehicle Type,Battery Capacity,Battery Type,Technology,Propulsion Type.
Singapore Electric Vehicle Thermal Management System Market was valued at USD 72.09(Revenue in USD Million) in 2022.
Singapore Electric Vehicle Thermal Management System Market is projected to grow at a CAGR of 29.69% during the forecast period of 2024 to 2032.
The Conventional segment is expected to dominate the Singapore Electric Vehicle Thermal Management System Market, holding a largest market share of 70.78 USD Million in 2024
Singapore Electric Vehicle Thermal Management System Market Scope
Singapore Electric Vehicle Thermal Management System Market Segmentation & Scope
System Type
- Others
- Powertrain
- HVAC
- Battery Thermal Management System
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
Frequently Asked Questions
The Singapore Electric Vehicle Thermal Management System Market is segmented based on Segmentation System Type,Vehicle Type,Battery Capacity,Battery Type,Technology,Propulsion Type.
Singapore Electric Vehicle Thermal Management System Market was valued at USD 72.09(Revenue in USD Million) in 2022.
Singapore Electric Vehicle Thermal Management System Market is projected to grow at a CAGR of 29.69% during the forecast period of 2024 to 2032.
The estimated market value of the Singapore Electric Vehicle Thermal Management System Market for final year is USD 372.81 (USD Million).
Singapore Electric Vehicle Thermal Management System Market Company Profiling
Frequently Asked Questions
The Singapore Electric Vehicle Thermal Management System Market is segmented based on Segmentation System Type,Vehicle Type,Battery Capacity,Battery Type,Technology,Propulsion Type.
Singapore Electric Vehicle Thermal Management System Market was valued at USD 72.09(Revenue in USD Million) in 2022.
Singapore Electric Vehicle Thermal Management System Market is projected to grow at a CAGR of 29.69% during the forecast period of 2024 to 2032.
The estimated market value of the Singapore Electric Vehicle Thermal Management System Market for final year is USD 372.81 (USD Million).
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