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U.S. Electric Vehicle Thermal Management System Market to 2032

Overview

The U.S. Electric Vehicle Thermal Management System Market is expected to reach a 4,731.96 USD Million by 2032 and is projected to grow at a CAGR of 30.49% from 2025 to 2032.

Revenue, 2024 (USD Million)
880.56
Forecast, 2032 (USD Million)
4,731.96
CAGR, 2024 - 2032
30.49%
Report Coverage
U.S.

U.S. Electric Vehicle Thermal Management System Market 2018-2032 USD Million

U.S. Electric Vehicle Thermal Management System Market, Key Findings (2025-2032)

Market Growth and Projections:

  • Market Size (2024): 880.56 USD Million
  • Projected Market Size (2032): 4,731.96 USD Million
  • CAGR (2025-2032): 30.49%

Key Findings of U.S. Electric Vehicle Thermal Management System Market

  • The U.S. Electric Vehicle Thermal Management System Market was valued at 880.56 USD Million in 2024.
  • The U.S. Electric Vehicle Thermal Management System Market is likely to grow at a CAGR of 30.49% 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 864.59 USD Million
  • The fastest growing segment Solid-State in Battery Type Segment grew Fastest with a CAGR of 35.88% during the forecast period from 2024 to 2032.

U.S. Electric Vehicle Thermal Management System Market Scope

U.S. 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

U.S. 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 880.56 USD Million
Market Value in 2032 4,731.96 USD Million
CAGR (2025-2032) 30.49%
Historic Data 2016-2023
Market Segments Covered Technology,Propulsion Type,Battery Type,System Type,Vehicle Type,Battery Capacity

Regional Insights:

  • Leading Market (2024-2032): U.S., leading in terms of revenue 880.56 USD Million in 2024
    • Key Country: U.S., leading in terms of revenue with value of 880.56 USD Million in 2024.

Segments and Scope

  • U.S. Electric Vehicle Thermal Management System Market to 2032, By Technology
    • Active is the largest segment in U.S. Electric Vehicle Thermal Management System Market to 2032 with a revenue of 543.13 USD Million in the year 2024.
    • Active is the Fastest growing segment in U.S. Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 31.01 % in forecast period 2025-2032.
  • U.S. Electric Vehicle Thermal Management System Market to 2032, By Propulsion Type
    • BEV is the largest segment in U.S. Electric Vehicle Thermal Management System Market to 2032 with a revenue of 550.43 USD Million in the year 2024.
    • BEV is the Fastest growing segment in U.S. Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 30.81 % in forecast period 2025-2032.
  • U.S. Electric Vehicle Thermal Management System Market to 2032, By Battery Type
    • Conventional is the largest segment in U.S. Electric Vehicle Thermal Management System Market to 2032 with a revenue of 864.59 USD Million in the year 2024.
    • Solid-State is the Fastest growing segment in U.S. Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 30.39 % in forecast period 2025-2032.
  • U.S. Electric Vehicle Thermal Management System Market to 2032, By System Type
    • Battery Thermal Management System is the largest segment in U.S. Electric Vehicle Thermal Management System Market to 2032 with a revenue of 446.52 USD Million in the year 2024.
    • Battery Thermal Management System is the Fastest growing segment in U.S. Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 30.85 % in forecast period 2025-2032.
  • U.S. Electric Vehicle Thermal Management System Market to 2032, By Vehicle Type
    • Passenger is the largest segment in U.S. Electric Vehicle Thermal Management System Market to 2032 with a revenue of 763.65 USD Million in the year 2024.
    • Passenger is the Fastest growing segment in U.S. Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 30.69 % in forecast period 2025-2032.
  • U.S. Electric Vehicle Thermal Management System Market to 2032, By Battery Capacity
    • 30-60 kWh is the largest segment in U.S. Electric Vehicle Thermal Management System Market to 2032 with a revenue of 477.08 USD Million in the year 2024.
    • 30-60 kWh is the Fastest growing segment in U.S. Electric Vehicle Thermal Management System Market to 2032 with a Growth rate of 30.98 % in forecast period 2025-2032.

U.S. Electric Vehicle Thermal Management System Market Company Share Analysis

 
Company Name Company Share Analysis
Marelli Holdings Co., Ltd.
Robert Bosch GmbH
BorgWarner Inc.
Dana Limited
DENSO CORPORATION
U.S. Electric Vehicle Thermal Management System Market Company Share Analysis

U.S. Electric Vehicle Thermal Management System Market Geographical Sales Distribution, 2018-2032 USD Million

U.S. Electric Vehicle Thermal Management System Market Geographical Sales Distribution, 2018-2032 USD Million

U.S. Electric Vehicle Thermal Management System Market Company Profiling

U.S. Electric Vehicle Thermal Management System Market Company Profiling

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Frequently Asked Questions
The U.S. Electric Vehicle Thermal Management System Market is segmented based on Segmentation Technology,Propulsion Type,Battery Type,System Type,Vehicle Type,Battery Capacity.
U.S. Electric Vehicle Thermal Management System Market was valued at USD 880.56(Revenue in USD Million) in 2022.
U.S. Electric Vehicle Thermal Management System Market is projected to grow at a CAGR of 30.49% during the forecast period of 2024 to 2032.
The Conventional segment is expected to dominate the U.S. Electric Vehicle Thermal Management System Market, holding a largest market share of 864.59 USD Million in 2024

U.S. Electric Vehicle Thermal Management System Market Scope

U.S. 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 U.S. Electric Vehicle Thermal Management System Market is segmented based on Segmentation Technology,Propulsion Type,Battery Type,System Type,Vehicle Type,Battery Capacity.
U.S. Electric Vehicle Thermal Management System Market was valued at USD 880.56(Revenue in USD Million) in 2022.
U.S. Electric Vehicle Thermal Management System Market is projected to grow at a CAGR of 30.49% during the forecast period of 2024 to 2032.
The estimated market value of the U.S. Electric Vehicle Thermal Management System Market for final year is USD 4,731.96 (USD Million).

U.S. Electric Vehicle Thermal Management System Market Company Profiling

U.S. Electric Vehicle Thermal Management System Market Company Profiling
Frequently Asked Questions
The U.S. Electric Vehicle Thermal Management System Market is segmented based on Segmentation Technology,Propulsion Type,Battery Type,System Type,Vehicle Type,Battery Capacity.
U.S. Electric Vehicle Thermal Management System Market was valued at USD 880.56(Revenue in USD Million) in 2022.
U.S. Electric Vehicle Thermal Management System Market is projected to grow at a CAGR of 30.49% during the forecast period of 2024 to 2032.
The estimated market value of the U.S. Electric Vehicle Thermal Management System Market for final year is USD 4,731.96 (USD Million).

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