The Europe electric vehicle thermal management system market is expected to reach the value of USD 4,019.58 million by 2029, at a CAGR of 24.2% during the forecast period
Europe 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, increasing the demand for electric vehicle thermal management systems in the market. The European 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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Europe Electric Vehicle Thermal Management System Market Definition
Thermal management system in electric vehicle is the solution, which help in managing the heat generated during the electrochemical processes occurring in cells, allowing the battery to operate safely and efficiently. To keep battery temperatures in the correct range and prevent temperature from fluctuation inside the battery pack effective thermal management systems are required in electric vehicle. Thus, thermal management systems plays a vital role in vital role in the control of the battery thermal behavior.
Data Bridge Market Research analyses that the Europe electric vehicle thermal management system market is expected to reach the value of USD 4,019.58 million by 2029, at a CAGR of 24.2% 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 Europe electric vehicle thermal management system market report also covers pricing analysis, patent analysis, and technological advancements in depth.
Europe Electric Vehicle Thermal Management System Market Scope
Europe's 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 Europe electric vehicle thermal management system market is segmented into BEV, PHEV, HEV, and FCV.
- Technology
- Active
- Passive
- On the basis of technology, the Europe 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 Europe 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 Europe 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 Europe 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 Europe electric vehicle thermal management system market has been segmented into battery thermal management, HVAC, powertrain, and others.
Europe Electric Vehicle Thermal Management System Market Regional Analysis/Insights
Europe 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.
Some of the countries covered in the Europe electric vehicle thermal management system market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe.
Key players
Germany is likely to be the fastest-growing country in the Europe electric vehicle thermal management system market. The rising infrastructure, commercial, and industrial developments in emerging countries such as France and the U.K. are credited with the market's dominance. Germany dominates the Europe region due to the high manufacturing and outsourced manufacturing capacities of battery products and the high adoption of electric vehicles.
Competitive Landscape and Europe Electric Vehicle Thermal Management System Market Share Analysis
Europe 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, Europe 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 Europe electric vehicle thermal management system market.
Some of the Major Players Operating in the Europe 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: Europe Electric Vehicle Thermal Management System Market
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