The North America electric vehicle thermal management system market is expected to reach the value of USD 3,154.18 million by 2029, at a CAGR of 23.9% during the forecast period.
North America Electric Vehicle Thermal Management System Market Analysis and Size
Electric vehicles are a promising renewable substitute to gasoline power-based vehicles to protect the environment. Many governments are taking initiatives to promote electric vehicles and are providing tax rebates and redemption. The rise in the electric vehicles market is because the technology is upgrading at a fast rate, making the demand for electric vehicle thermal management systems in the market. The Asia-Pacific electric vehicle thermal management system market is growing rapidly due to the rise in demand for electric vehicles. The companies are even launching new products to gain a larger market share.
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Data Bridge Market Research analyses that the North America electric vehicle thermal management system market is expected to reach the value of USD 3,154.18 million by 2029, at a CAGR of 23.9% during the forecast period. "BEV" accounts for the most prominent propulsion type segment as they are energy efficient, turning 80% of their energy input into propelling the car, and they have a regenerative braking system that collects energy and returns it to the battery when a car stops. The North America electric vehicle thermal management system market report also covers pricing analysis, patent analysis, and technological advancements in depth.
North America Electric Vehicle Thermal Management System Market Definition
The thermal management system in an electric vehicle is the solution that helps in managing the heat generated during the electrochemical processes occurring in cells, allowing the battery to operate safely and efficiently. Effective thermal management systems are required in electric vehicles to keep battery temperatures in the correct range and prevent the temperature from fluctuating inside the battery pack. Thus, thermal management systems play a vital role in the control of the battery thermal behavior.
North America Electric Vehicle Thermal Management System Market Scope
The North America electric vehicle thermal management system market is segmented on the basis of propulsion type, technology, battery type, battery capacity, vehicle type, and system type. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Propulsion Type
BEV
PHEV
HEV
FCV
On the basis of propulsion type, the North America electric vehicle thermal management system market is segmented into BEV, PHEV, HEV, and FCV.
Technology
Active
Passive
On the basis of technology, the North America electric vehicle thermal management system market has been segmented into active and passive.
Battery Type
Conventional
Solid-State
On the basis of battery type, the North America electric vehicle thermal management system market has been segmented into conventional and solid-state.
Battery Capacity
30-60 Kwh
60-90 Kwh
Below 30 Kwh
Above 90 Kwh
On the basis of battery capacity, the North America electric vehicle thermal management system market has been segmented into 30-60 kWh, 60-90 kWh, below 30 kWh, and above 90 kWh.
Vehicle Type
Passenger
Commercial
On the basis of vehicle type, the North America electric vehicle thermal management system market has been segmented into passenger and commercial.
System Type
Battery Thermal Management
HVAC
Powertrain
Others
On the basis of system type, the North America electric vehicle thermal management system market has been segmented into battery thermal management, HVAC, powertrain, and others.
North America Electric Vehicle Thermal Management System Market Regional Analysis/Insights
North America electric vehicle thermal management system market is analyzed, and market size insights and trends are provided by country, propulsion type, technology, battery type, battery capacity, vehicle type, and system type as referenced above.
The countries covered in the North America electric vehicle thermal management system market report are the U.S., Canada, and Mexico.
The U.S. is likely to be the fastest-growing country in the North America electric vehicle thermal management system market. The rising infrastructure, commercial, and industrial developments in emerging countries such as Canada and Mexico are credited with the market's dominance. The U.S is expected to dominate the North American region due to the high manufacturing and outsourced manufacturing capacities of battery products and high adoption of electric vehicles.
Competitive Landscape and North America Electric Vehicle Thermal Management System Market Share Analysis
The North America electric vehicle thermal management system market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points are only related to the companies' focus on the North America electric vehicle thermal management system market.
Key Players
Some of the Major Players Operating in the North America Electric Vehicle Thermal Management System Market are:
- MAHLE GmbH
- Valeo
- Dana Limited
- Hanon Systems
- Marelli Holdings Co., Ltd.
- Robert Bosch GmbH
- BorgWarner Inc.
- Continental AG
- VOSS Automotive GmbH
- Kendrion N.V.
- LG Chem
- DENSO Corporation
- NORMA Group
- MODINE MANUFACTURING COMPANY
- GENTHERM
- KAYSER AUTOMOTIVE SYSTEMS GmbH
- Ymer Technology
- Grayson
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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: North America Electric Vehicle Thermal Management System Market
Get TOC Details
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