Electric vehicle thermal management system Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Thermal management systems are required to maintain the adequate temperature range of the battery for effective functioning. Increasing penetration of battery-powered vehicles has driven manufacturers to expand progressed warmness management systems for batteries. Reducing size of the batteries alongside rapid charging abilities is hindering the market growth. However, technological advancements in the subject of heat management for batteries are likely to help market expansion. Electric vehicles run on a battery and therefore provide limited operational variety on a single charge. This has influenced the battery producers to increase products with fast charging capabilities. Fast charging of the battery generates extra heat that is required to be looked after to prevent damage to the battery cells. Thus, automotive factor manufacturers are focusing on developing advanced cooling techniques to govern the high temperatures of these batteries, which is expected to bolster the marketplace growth in the coming years.

MARKET DYNAMICS

Increasing manufacturing and sales of electrical automobiles globally, growing call for thermal cooling solution within the vehicles, stringent emission and fuel performance regulations, and the developing demand for energy-efficient battery-powered devices are the important thing elements riding this market.
The lack of standard protocols for the improvement of electrical car modules, strict authorities norms on using refrigerants in vehicles and the excessive price of thermal control device technology are taken into consideration as the key elements restraining the growth of this market

MARKET SCOPE

The "Electric vehicle thermal management system Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation with a special focus on the global market trend analysis. The report aims to provide an overview of electric vehicle thermal management system market with detailed market segmentation by vehicle type, application, and geography. The global electric vehicle thermal management system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading electric vehicle thermal management system market players and offers key trends and opportunities in the electric vehicle thermal management system market.

MARKET SEGMENTATION

The global electric vehicle thermal management system market is segmented on the basis of vehicle type, and application. On the basis of vehicle type, the market is segmented as: passenger's vehicle, commercials vehicle. On the application, the market is segmented as: engine cooling, air conditioning system, electric vehicle battery thermal system, transmission system.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global electric vehicle thermal management system market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The electric vehicle thermal management system market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report also includes the profiles affecting electric vehicle thermal management system market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the electric vehicle thermal management system market in these regions.

MARKET PLAYERS

The reports cover key developments in the electric vehicle thermal management system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from electric vehicle thermal management system market are anticipated to lucrative growth opportunities in the future with the rising demand for electric vehicle thermal management system market. Below mentioned is the list of few companies engaged in the electric vehicle thermal management system market.
The report also includes the profiles of key electric vehicle thermal management system market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Aptiv Inc.
  
•   BorgWarner
  
•   Continental AG
  
•   Denso Corporation
  
•   Delphi Inc.
  
•   Hanon System
  
•   MAHLE GmbH
  
•   Robert Bosch GmbH
  
•   Valeo
  
•   ZF Friedrichshafen
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Electric vehicle thermal management system Report Scope