The Electric Vehicle Thermal Management System (EVTMS) market size is projected to reach a CAGR of 9.8% from 2022 to 2028.
Electric Vehicle Thermal Management System (EVTMS) refers to the thermal management which are used in electric vehicles (EVs) in order to maintain the heating temperature of the batteries used in these automobiles. Since batteries are used to provide power to the motors for the movement of the vehicle and therefore, the vehicle movement is entirely dependent on battery health. Hence, the need to control the battery heat becomes essential for the proper operation of electric vehicle.
Improvised infrastructure of the various regions along with the advancement in technology are some of the factors that have supported long-term expansion for Electric Vehicle Thermal Management System (EVTMS) Market.
COVID-19 had a positive effect on the market, as people got more concerned about the issue of global warming.
APAC is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the increased investment and raised manufacturing of electric vehicle in the region.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Growth Rate |
CAGR of 9.8% during the forecasting period, 2022-2028 |
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Historical Data |
2019-2020 |
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Forecast Years |
2022-2028 |
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Base Year |
2021 |
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Units Considered |
Revenue in USD million and CAGR from 2022 to 2028 |
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Report Segmentation |
Battery Capacity, Vehicle Type, Battery Type, Propulsion, Technology and region. |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
Denso Corporation, MAHLE GmbH, Valeo, Robert Bosch GmbH, Dana Limited, VOSS Automotive, Inc., Gentherm, Continental AG, Renesas Electronics Corporation, Ymer Technology, NORMA Group |
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Available Customization |
In addition to the market data for Electric Vehicle Thermal Management System (EVTMS) Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Electric Vehicle Thermal Management System (EVTMS) Market is segmented into Battery Capacity, Vehicle Type, Battery Type, Propulsion, Technology and region.
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