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Global Electric Vehicle Thermal Management Solutions Market Research Report 2024
Synopsis
Electric vehicles run on electricity stored in batteries, and battery cells heat up as the battery charges and discharges, and overheating can damage the battery and other components. Thermal management solutions for electric vehicles help reduce heat and slow down the heat-generating process. Thermal management entails regulating the flow of heat inside the vehicle. After all, components must operate within their optimum temperature range, while also providing a comfortable temperature for the occupants of the vehicle.
The global Electric Vehicle Thermal Management Solutions market was valued at US$ 21600 million in 2023 and is anticipated to reach US$ 140680 million by 2030, witnessing a CAGR of 28.4% during the forecast period 2024-2030.
Major electric vehicle thermal management players in the world include Valeo, MAHLE, Hanon System, DENSO and Sanhua. The top five players in the world by revenue account for almost 51 per cent. Asia Pacific is the world's largest market with a market share of about 55 percent, followed by Europe and North America with about 33 percent and 8 percent, respectively. In terms of product types, air conditioning systems are the largest market segment, accounting for about 66 percent of the market share, and in terms of applications, BEV have the largest share at about 74 percent.
This report aims to provide a comprehensive presentation of the global market for Electric Vehicle Thermal Management Solutions, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electric Vehicle Thermal Management Solutions.
Report Scope
The Electric Vehicle Thermal Management Solutions market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Electric Vehicle Thermal Management Solutions market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Electric Vehicle Thermal Management Solutions companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Valeo
MAHLE
Hanon Systems
DENSO
Sanhua
Sanden
Aotecar
HASCO
Yinlun
Songz Automobile
Zhongding Group
Senior Flexonics
Bosch
Segment by Type
Power System
Air Conditioning System
Segment by Application
BEV
PHEV
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Electric Vehicle Thermal Management Solutions companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Electric vehicles run on electricity stored in batteries, and battery cells heat up as the battery charges and discharges, and overheating can damage the battery and other components. Thermal management solutions for electric vehicles help reduce heat and slow down the heat-generating process. Thermal management entails regulating the flow of heat inside the vehicle. After all, components must operate within their optimum temperature range, while also providing a comfortable temperature for the occupants of the vehicle.
The global Electric Vehicle Thermal Management Solutions market was valued at US$ 21600 million in 2023 and is anticipated to reach US$ 140680 million by 2030, witnessing a CAGR of 28.4% during the forecast period 2024-2030.
Major electric vehicle thermal management players in the world include Valeo, MAHLE, Hanon System, DENSO and Sanhua. The top five players in the world by revenue account for almost 51 per cent. Asia Pacific is the world's largest market with a market share of about 55 percent, followed by Europe and North America with about 33 percent and 8 percent, respectively. In terms of product types, air conditioning systems are the largest market segment, accounting for about 66 percent of the market share, and in terms of applications, BEV have the largest share at about 74 percent.
This report aims to provide a comprehensive presentation of the global market for Electric Vehicle Thermal Management Solutions, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electric Vehicle Thermal Management Solutions.
Report Scope
The Electric Vehicle Thermal Management Solutions market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Electric Vehicle Thermal Management Solutions market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Electric Vehicle Thermal Management Solutions companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Valeo
MAHLE
Hanon Systems
DENSO
Sanhua
Sanden
Aotecar
HASCO
Yinlun
Songz Automobile
Zhongding Group
Senior Flexonics
Bosch
Segment by Type
Power System
Air Conditioning System
Segment by Application
BEV
PHEV
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Electric Vehicle Thermal Management Solutions companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Electric Vehicle Thermal Management Solutions Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Power System
1.2.3 Air Conditioning System
1.3 Market by Application
1.3.1 Global Electric Vehicle Thermal Management Solutions Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 BEV
1.3.3 PHEV
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Electric Vehicle Thermal Management Solutions Market Perspective (2019-2030)
2.2 Electric Vehicle Thermal Management Solutions Growth Trends by Region
2.2.1 Global Electric Vehicle Thermal Management Solutions Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Electric Vehicle Thermal Management Solutions Historic Market Size by Region (2019-2024)
2.2.3 Electric Vehicle Thermal Management Solutions Forecasted Market Size by Region (2025-2030)
2.3 Electric Vehicle Thermal Management Solutions Market Dynamics
2.3.1 Electric Vehicle Thermal Management Solutions Industry Trends
2.3.2 Electric Vehicle Thermal Management Solutions Market Drivers
2.3.3 Electric Vehicle Thermal Management Solutions Market Challenges
2.3.4 Electric Vehicle Thermal Management Solutions Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Electric Vehicle Thermal Management Solutions Players by Revenue
3.1.1 Global Top Electric Vehicle Thermal Management Solutions Players by Revenue (2019-2024)
3.1.2 Global Electric Vehicle Thermal Management Solutions Revenue Market Share by Players (2019-2024)
3.2 Global Electric Vehicle Thermal Management Solutions Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Electric Vehicle Thermal Management Solutions Revenue
3.4 Global Electric Vehicle Thermal Management Solutions Market Concentration Ratio
3.4.1 Global Electric Vehicle Thermal Management Solutions Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Electric Vehicle Thermal Management Solutions Revenue in 2023
3.5 Electric Vehicle Thermal Management Solutions Key Players Head office and Area Served
3.6 Key Players Electric Vehicle Thermal Management Solutions Product Solution and Service
3.7 Date of Enter into Electric Vehicle Thermal Management Solutions Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Electric Vehicle Thermal Management Solutions Breakdown Data by Type
4.1 Global Electric Vehicle Thermal Management Solutions Historic Market Size by Type (2019-2024)
4.2 Global Electric Vehicle Thermal Management Solutions Forecasted Market Size by Type (2025-2030)
5 Electric Vehicle Thermal Management Solutions Breakdown Data by Application
5.1 Global Electric Vehicle Thermal Management Solutions Historic Market Size by Application (2019-2024)
5.2 Global Electric Vehicle Thermal Management Solutions Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Electric Vehicle Thermal Management Solutions Market Size (2019-2030)
6.2 North America Electric Vehicle Thermal Management Solutions Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Electric Vehicle Thermal Management Solutions Market Size by Country (2019-2024)
6.4 North America Electric Vehicle Thermal Management Solutions Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Electric Vehicle Thermal Management Solutions Market Size (2019-2030)
7.2 Europe Electric Vehicle Thermal Management Solutions Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Electric Vehicle Thermal Management Solutions Market Size by Country (2019-2024)
7.4 Europe Electric Vehicle Thermal Management Solutions Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Electric Vehicle Thermal Management Solutions Market Size (2019-2030)
8.2 Asia-Pacific Electric Vehicle Thermal Management Solutions Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Electric Vehicle Thermal Management Solutions Market Size by Region (2019-2024)
8.4 Asia-Pacific Electric Vehicle Thermal Management Solutions Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Electric Vehicle Thermal Management Solutions Market Size (2019-2030)
9.2 Latin America Electric Vehicle Thermal Management Solutions Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Electric Vehicle Thermal Management Solutions Market Size by Country (2019-2024)
9.4 Latin America Electric Vehicle Thermal Management Solutions Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Electric Vehicle Thermal Management Solutions Market Size (2019-2030)
10.2 Middle East & Africa Electric Vehicle Thermal Management Solutions Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Electric Vehicle Thermal Management Solutions Market Size by Country (2019-2024)
10.4 Middle East & Africa Electric Vehicle Thermal Management Solutions Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Valeo
11.1.1 Valeo Company Detail
11.1.2 Valeo Business Overview
11.1.3 Valeo Electric Vehicle Thermal Management Solutions Introduction
11.1.4 Valeo Revenue in Electric Vehicle Thermal Management Solutions Business (2019-2024)
11.1.5 Valeo Recent Development
11.2 MAHLE
11.2.1 MAHLE Company Detail
11.2.2 MAHLE Business Overview
11.2.3 MAHLE Electric Vehicle Thermal Management Solutions Introduction
11.2.4 MAHLE Revenue in Electric Vehicle Thermal Management Solutions Business (2019-2024)
11.2.5 MAHLE Recent Development
11.3 Hanon Systems
11.3.1 Hanon Systems Company Detail
11.3.2 Hanon Systems Business Overview
11.3.3 Hanon Systems Electric Vehicle Thermal Management Solutions Introduction
11.3.4 Hanon Systems Revenue in Electric Vehicle Thermal Management Solutions Business (2019-2024)
11.3.5 Hanon Systems Recent Development
11.4 DENSO
11.4.1 DENSO Company Detail
11.4.2 DENSO Business Overview
11.4.3 DENSO Electric Vehicle Thermal Management Solutions Introduction
11.4.4 DENSO Revenue in Electric Vehicle Thermal Management Solutions Business (2019-2024)
11.4.5 DENSO Recent Development
11.5 Sanhua
11.5.1 Sanhua Company Detail
11.5.2 Sanhua Business Overview
11.5.3 Sanhua Electric Vehicle Thermal Management Solutions Introduction
11.5.4 Sanhua Revenue in Electric Vehicle Thermal Management Solutions Business (2019-2024)
11.5.5 Sanhua Recent Development
11.6 Sanden
11.6.1 Sanden Company Detail
11.6.2 Sanden Business Overview
11.6.3 Sanden Electric Vehicle Thermal Management Solutions Introduction
11.6.4 Sanden Revenue in Electric Vehicle Thermal Management Solutions Business (2019-2024)
11.6.5 Sanden Recent Development
11.7 Aotecar
11.7.1 Aotecar Company Detail
11.7.2 Aotecar Business Overview
11.7.3 Aotecar Electric Vehicle Thermal Management Solutions Introduction
11.7.4 Aotecar Revenue in Electric Vehicle Thermal Management Solutions Business (2019-2024)
11.7.5 Aotecar Recent Development
11.8 HASCO
11.8.1 HASCO Company Detail
11.8.2 HASCO Business Overview
11.8.3 HASCO Electric Vehicle Thermal Management Solutions Introduction
11.8.4 HASCO Revenue in Electric Vehicle Thermal Management Solutions Business (2019-2024)
11.8.5 HASCO Recent Development
11.9 Yinlun
11.9.1 Yinlun Company Detail
11.9.2 Yinlun Business Overview
11.9.3 Yinlun Electric Vehicle Thermal Management Solutions Introduction
11.9.4 Yinlun Revenue in Electric Vehicle Thermal Management Solutions Business (2019-2024)
11.9.5 Yinlun Recent Development
11.10 Songz Automobile
11.10.1 Songz Automobile Company Detail
11.10.2 Songz Automobile Business Overview
11.10.3 Songz Automobile Electric Vehicle Thermal Management Solutions Introduction
11.10.4 Songz Automobile Revenue in Electric Vehicle Thermal Management Solutions Business (2019-2024)
11.10.5 Songz Automobile Recent Development
11.11 Zhongding Group
11.11.1 Zhongding Group Company Detail
11.11.2 Zhongding Group Business Overview
11.11.3 Zhongding Group Electric Vehicle Thermal Management Solutions Introduction
11.11.4 Zhongding Group Revenue in Electric Vehicle Thermal Management Solutions Business (2019-2024)
11.11.5 Zhongding Group Recent Development
11.12 Senior Flexonics
11.12.1 Senior Flexonics Company Detail
11.12.2 Senior Flexonics Business Overview
11.12.3 Senior Flexonics Electric Vehicle Thermal Management Solutions Introduction
11.12.4 Senior Flexonics Revenue in Electric Vehicle Thermal Management Solutions Business (2019-2024)
11.12.5 Senior Flexonics Recent Development
11.13 Bosch
11.13.1 Bosch Company Detail
11.13.2 Bosch Business Overview
11.13.3 Bosch Electric Vehicle Thermal Management Solutions Introduction
11.13.4 Bosch Revenue in Electric Vehicle Thermal Management Solutions Business (2019-2024)
11.13.5 Bosch Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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