South Korea Electric Vehicle Thermal Management System Market to 2032
Overview
The South Korea Electric Vehicle Thermal Management System Market is expected to reach a 1,419.98 USD Million by 2032 and is projected to grow at a CAGR of 31.03% from 2025 to 2032.
Revenue, 2024 (USD Million)
257.50
Forecast, 2032 (USD Million)
1,419.98
CAGR, 2024 - 2032
31.03%
Report Coverage
South Korea
South Korea Electric Vehicle Thermal Management System Market 2018-2032 USD Million
South Korea Electric Vehicle Thermal Management System Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 257.50 USD Million
- Projected Market Size (2032): 1,419.98 USD Million
- CAGR (2025-2032): 31.03%
Key Findings of South Korea Electric Vehicle Thermal Management System Market
- The South Korea Electric Vehicle Thermal Management System Market was valued at 257.50 USD Million in 2024.
- The South Korea Electric Vehicle Thermal Management System Market is likely to grow at a CAGR of 31.03% 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 253.35 USD Million
- The fastest growing segment Solid-State in Battery Type Segment grew Fastest with a CAGR of 37.13% during the forecast period from 2024 to 2032.
South Korea Electric Vehicle Thermal Management System Market Scope
South Korea Electric Vehicle Thermal Management System Market Segmentation & Scope
Technology
- Passive
- Active
Propulsion Type
- FCV
- HEV
- PHEV
- BEV
Battery Type
- Solid-State
- Conventional
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
South Korea 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 | 257.50 USD Million |
| Market Value in 2032 | 1,419.98 USD Million |
| CAGR (2025-2032) | 31.03% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Technology,Propulsion Type,Battery Type,System Type,Vehicle Type,Battery Capacity |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 257.50 USD Million in 2024
- Key Country: South Korea, leading in terms of revenue with value of 257.50 USD Million in 2024.
Segments and Scope
-
South Korea Electric Vehicle Thermal Management System Market to 2032, By Technology
- Active is the largest segment in South Korea Electric Vehicle Thermal Management System Market to 2032 with a revenue of 166.71 USD Million in the year 2024.
- Active is the Fastest growing segment in South Korea Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 31.58 % in forecast period 2025-2032.
-
South Korea Electric Vehicle Thermal Management System Market to 2032, By Propulsion Type
- BEV is the largest segment in South Korea Electric Vehicle Thermal Management System Market to 2032 with a revenue of 156.45 USD Million in the year 2024.
- BEV is the Fastest growing segment in South Korea Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 31.41 % in forecast period 2025-2032.
-
South Korea Electric Vehicle Thermal Management System Market to 2032, By Battery Type
- Conventional is the largest segment in South Korea Electric Vehicle Thermal Management System Market to 2032 with a revenue of 253.35 USD Million in the year 2024.
- Solid-State is the Fastest growing segment in South Korea Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 30.93 % in forecast period 2025-2032.
-
South Korea Electric Vehicle Thermal Management System Market to 2032, By System Type
- Battery Thermal Management System is the largest segment in South Korea Electric Vehicle Thermal Management System Market to 2032 with a revenue of 130.36 USD Million in the year 2024.
- Battery Thermal Management System is the Fastest growing segment in South Korea Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 31.39 % in forecast period 2025-2032.
-
South Korea Electric Vehicle Thermal Management System Market to 2032, By Vehicle Type
- Passenger is the largest segment in South Korea Electric Vehicle Thermal Management System Market to 2032 with a revenue of 221.70 USD Million in the year 2024.
- Passenger is the Fastest growing segment in South Korea Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 31.22 % in forecast period 2025-2032.
-
South Korea Electric Vehicle Thermal Management System Market to 2032, By Battery Capacity
- 30-60 kWh is the largest segment in South Korea Electric Vehicle Thermal Management System Market to 2032 with a revenue of 142.32 USD Million in the year 2024.
- 30-60 kWh is the Fastest growing segment in South Korea Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 31.60 % in forecast period 2025-2032.
South Korea Electric Vehicle Thermal Management System Market Company Share Analysis
| Company Name |
|
||
| Marelli Holdings Co., Ltd. | |||
| Robert Bosch GmbH | |||
| BorgWarner Inc. | |||
| Dana Limited | |||
| DENSO CORPORATION | |||
South Korea Electric Vehicle Thermal Management System Market Geographical Sales Distribution, 2018-2032 USD Million
South Korea Electric Vehicle Thermal Management System Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Electric Vehicle Thermal Management System Market is segmented based on Segmentation Technology,Propulsion Type,Battery Type,System Type,Vehicle Type,Battery Capacity.
South Korea Electric Vehicle Thermal Management System Market was valued at USD 257.50(Revenue in USD Million) in 2022.
South Korea Electric Vehicle Thermal Management System Market is projected to grow at a CAGR of 31.03% during the forecast period of 2024 to 2032.
The Conventional segment is expected to dominate the South Korea Electric Vehicle Thermal Management System Market, holding a largest market share of 253.35 USD Million in 2024
South Korea Electric Vehicle Thermal Management System Market Scope
South Korea Electric Vehicle Thermal Management System Market Segmentation & Scope
Technology
- Passive
- Active
Propulsion Type
- FCV
- HEV
- PHEV
- BEV
Battery Type
- Solid-State
- Conventional
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
Frequently Asked Questions
The South Korea Electric Vehicle Thermal Management System Market is segmented based on Segmentation Technology,Propulsion Type,Battery Type,System Type,Vehicle Type,Battery Capacity.
South Korea Electric Vehicle Thermal Management System Market was valued at USD 257.50(Revenue in USD Million) in 2022.
South Korea Electric Vehicle Thermal Management System Market is projected to grow at a CAGR of 31.03% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Electric Vehicle Thermal Management System Market for final year is USD 1,419.98 (USD Million).
South Korea Electric Vehicle Thermal Management System Market Company Profiling
Frequently Asked Questions
The South Korea Electric Vehicle Thermal Management System Market is segmented based on Segmentation Technology,Propulsion Type,Battery Type,System Type,Vehicle Type,Battery Capacity.
South Korea Electric Vehicle Thermal Management System Market was valued at USD 257.50(Revenue in USD Million) in 2022.
South Korea Electric Vehicle Thermal Management System Market is projected to grow at a CAGR of 31.03% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Electric Vehicle Thermal Management System Market for final year is USD 1,419.98 (USD Million).
HAVE A QUESTION?
Get expert advice on the right strategy for your business at no cost. We also offer customized subscription plans and affordable discounts for startups and universities.