Electric Vehicle Thermal Management System (EVTMS) Market by System (Air Cooling, Liquid Cooling, Refrigerant Cooling), Vehicle Type (Passenger, Commercial), Battery Type (Solid State, Conventional), Application (EV, PHEV), and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Electric Vehicle Thermal Management System (EVTMS) Market Overview
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.
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COVID-19 had a positive effect on the market, as people got more concerned about the issue of global warming.
Electric Vehicle Thermal Management System (EVTMS) Market Regional Analysis
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.
Electric Vehicle Thermal Management System (EVTMS) Market Competitive Landscape
Key Players
• Dana Inc.
• DOBER
• Infineon Technologies AG
• MAHLE GmbH
• Renesas Electronics Corp.
• Robert Bosch GmbH
• Texas Instruments Inc.
• Valeo SA
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Electric Vehicle Thermal Management System (EVTMS) Market Recent Developments
• In March 2018, Continental inaugurated a production plant in Germany leading to its expansion in market out of china.
Reasons to Acquire in the Electric Vehicle Thermal Management System (EVTMS) Market
• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Electric Vehicle Thermal Management System (EVTMS) Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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