The global electric vehicle thermal management market size is calculated at USD 2.95 billion in 2025 and is forecasted to reach around USD 5.19 billion by 2034, accelerating at a CAGR of 6.48% from 2025 to 2034. The North America electric vehicle thermal management market size surpassed USD 1.08 billion in 2024 and is expanding at a CAGR of 6.49% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
5.1. COVID-19 Landscape: Electric Vehicle Thermal Management Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
8.1. Electric Vehicle Thermal Management Market Revenue and Volume, by System
8.1.1. Heating, ventilation, and air conditioning (HVAC)
8.1.1.1. Market Revenue and Volume Forecast
8.1.2. Powertrain cooling
8.1.2.1. Market Revenue and Volume Forecast
8.1.3. Fluid transport
8.1.3.1. Market Revenue and Volume Forecast
8.1.4. Others
8.1.4.1. Market Revenue and Volume Forecast
9.1. Electric Vehicle Thermal Management Market Revenue and Volume, by Component
9.1.1. Motor
9.1.1.1. Market Revenue and Volume Forecast
9.1.2. Battery
9.1.2.1. Market Revenue and Volume Forecast
9.1.3. Cabin area
9.1.3.1. Market Revenue and Volume Forecast
10.1. Electric Vehicle Thermal Management Market Revenue and Volume, by Technology
10.1.1. Active transmission warm-up
10.1.1.1. Market Revenue and Volume Forecast
10.1.2. Exhaust gas recirculation (EGR)
10.1.2.1. Market Revenue and Volume Forecast
10.1.3. Reduced HVAC system loading
10.1.3.1. Market Revenue and Volume Forecast
10.1.4. Others
10.1.4.1. Market Revenue and Volume Forecast
11.1. Electric Vehicle Thermal Management Market Revenue and Volume, by Application
11.1.1. Engine cooling
11.1.1.1. Market Revenue and Volume Forecast
11.1.2. Air condition
11.1.2.1. Market Revenue and Volume Forecast
11.1.3. Heated steering
11.1.3.1. Market Revenue and Volume Forecast
11.1.4. Waste heat recovery
11.1.4.1. Market Revenue and Volume Forecast
11.1.5. Transmission system
11.1.5.1. Market Revenue and Volume Forecast
11.1.6. Heated/ventilated seats
11.1.6.1. Market Revenue and Volume Forecast
11.1.7. Others
11.1.7.1. Market Revenue and Volume Forecast
12.1. Electric Vehicle Thermal Management Market Revenue and Volume, by Vehicle Type
12.1.1. Battery EV
12.1.1.1. Market Revenue and Volume Forecast
12.1.2. Hybrid EV (HEV)
12.1.2.1. Market Revenue and Volume Forecast
12.1.3. Plug-in hybrid EV (PHEV)
12.1.3.1. Market Revenue and Volume Forecast
13.1. North America
13.1.1. Market Revenue and Volume Forecast, by System
13.1.2. Market Revenue and Volume Forecast, by Component
13.1.3. Market Revenue and Volume Forecast, by Technology
13.1.4. Market Revenue and Volume Forecast, by Application
13.1.5. Market Revenue and Volume Forecast, by Vehicle Type
13.1.6. U.S.
13.1.6.1. Market Revenue and Volume Forecast, by System
13.1.6.2. Market Revenue and Volume Forecast, by Component
13.1.6.3. Market Revenue and Volume Forecast, by Technology
13.1.6.4. Market Revenue and Volume Forecast, by Application
13.1.6.5. Market Revenue and Volume Forecast, by Vehicle Type
13.1.7. Rest of North America
13.1.7.1. Market Revenue and Volume Forecast, by System
13.1.7.2. Market Revenue and Volume Forecast, by Component
13.1.7.3. Market Revenue and Volume Forecast, by Technology
13.1.7.4. Market Revenue and Volume Forecast, by Application
13.1.7.5. Market Revenue and Volume Forecast, by Vehicle Type
13.2. Europe
13.2.1. Market Revenue and Volume Forecast, by System
13.2.2. Market Revenue and Volume Forecast, by Component
13.2.3. Market Revenue and Volume Forecast, by Technology
13.2.4. Market Revenue and Volume Forecast, by Application
13.2.5. Market Revenue and Volume Forecast, by Vehicle Type
13.2.6. UK
13.2.6.1. Market Revenue and Volume Forecast, by System
13.2.6.2. Market Revenue and Volume Forecast, by Component
13.2.6.3. Market Revenue and Volume Forecast, by Technology
13.2.7. Market Revenue and Volume Forecast, by Application
13.2.8. Market Revenue and Volume Forecast, by Vehicle Type
13.2.9. Germany
13.2.9.1. Market Revenue and Volume Forecast, by System
13.2.9.2. Market Revenue and Volume Forecast, by Component
13.2.9.3. Market Revenue and Volume Forecast, by Technology
13.2.10. Market Revenue and Volume Forecast, by Application
13.2.11. Market Revenue and Volume Forecast, by Vehicle Type
13.2.12. France
13.2.12.1. Market Revenue and Volume Forecast, by System
13.2.12.2. Market Revenue and Volume Forecast, by Component
13.2.12.3. Market Revenue and Volume Forecast, by Technology
13.2.12.4. Market Revenue and Volume Forecast, by Application
13.2.13. Market Revenue and Volume Forecast, by Vehicle Type
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Volume Forecast, by System
13.2.14.2. Market Revenue and Volume Forecast, by Component
13.2.14.3. Market Revenue and Volume Forecast, by Technology
13.2.14.4. Market Revenue and Volume Forecast, by Application
13.2.15. Market Revenue and Volume Forecast, by Vehicle Type
13.3. APAC
13.3.1. Market Revenue and Volume Forecast, by System
13.3.2. Market Revenue and Volume Forecast, by Component
13.3.3. Market Revenue and Volume Forecast, by Technology
13.3.4. Market Revenue and Volume Forecast, by Application
13.3.5. Market Revenue and Volume Forecast, by Vehicle Type
13.3.6. India
13.3.6.1. Market Revenue and Volume Forecast, by System
13.3.6.2. Market Revenue and Volume Forecast, by Component
13.3.6.3. Market Revenue and Volume Forecast, by Technology
13.3.6.4. Market Revenue and Volume Forecast, by Application
13.3.7. Market Revenue and Volume Forecast, by Vehicle Type
13.3.8. China
13.3.8.1. Market Revenue and Volume Forecast, by System
13.3.8.2. Market Revenue and Volume Forecast, by Component
13.3.8.3. Market Revenue and Volume Forecast, by Technology
13.3.8.4. Market Revenue and Volume Forecast, by Application
13.3.9. Market Revenue and Volume Forecast, by Vehicle Type
13.3.10. Japan
13.3.10.1. Market Revenue and Volume Forecast, by System
13.3.10.2. Market Revenue and Volume Forecast, by Component
13.3.10.3. Market Revenue and Volume Forecast, by Technology
13.3.10.4. Market Revenue and Volume Forecast, by Application
13.3.10.5. Market Revenue and Volume Forecast, by Vehicle Type
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Volume Forecast, by System
13.3.11.2. Market Revenue and Volume Forecast, by Component
13.3.11.3. Market Revenue and Volume Forecast, by Technology
13.3.11.4. Market Revenue and Volume Forecast, by Application
13.3.11.5. Market Revenue and Volume Forecast, by Vehicle Type
13.4. MEA
13.4.1. Market Revenue and Volume Forecast, by System
13.4.2. Market Revenue and Volume Forecast, by Component
13.4.3. Market Revenue and Volume Forecast, by Technology
13.4.4. Market Revenue and Volume Forecast, by Application
13.4.5. Market Revenue and Volume Forecast, by Vehicle Type
13.4.6. GCC
13.4.6.1. Market Revenue and Volume Forecast, by System
13.4.6.2. Market Revenue and Volume Forecast, by Component
13.4.6.3. Market Revenue and Volume Forecast, by Technology
13.4.6.4. Market Revenue and Volume Forecast, by Application
13.4.7. Market Revenue and Volume Forecast, by Vehicle Type
13.4.8. North Africa
13.4.8.1. Market Revenue and Volume Forecast, by System
13.4.8.2. Market Revenue and Volume Forecast, by Component
13.4.8.3. Market Revenue and Volume Forecast, by Technology
13.4.8.4. Market Revenue and Volume Forecast, by Application
13.4.9. Market Revenue and Volume Forecast, by Vehicle Type
13.4.10. South Africa
13.4.10.1. Market Revenue and Volume Forecast, by System
13.4.10.2. Market Revenue and Volume Forecast, by Component
13.4.10.3. Market Revenue and Volume Forecast, by Technology
13.4.10.4. Market Revenue and Volume Forecast, by Application
13.4.10.5. Market Revenue and Volume Forecast, by Vehicle Type
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Volume Forecast, by System
13.4.11.2. Market Revenue and Volume Forecast, by Component
13.4.11.3. Market Revenue and Volume Forecast, by Technology
13.4.11.4. Market Revenue and Volume Forecast, by Application
13.4.11.5. Market Revenue and Volume Forecast, by Vehicle Type
13.5. Latin America
13.5.1. Market Revenue and Volume Forecast, by System
13.5.2. Market Revenue and Volume Forecast, by Component
13.5.3. Market Revenue and Volume Forecast, by Technology
13.5.4. Market Revenue and Volume Forecast, by Application
13.5.5. Market Revenue and Volume Forecast, by Vehicle Type
13.5.6. Brazil
13.5.6.1. Market Revenue and Volume Forecast, by System
13.5.6.2. Market Revenue and Volume Forecast, by Component
13.5.6.3. Market Revenue and Volume Forecast, by Technology
13.5.6.4. Market Revenue and Volume Forecast, by Application
13.5.7. Market Revenue and Volume Forecast, by Vehicle Type
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Volume Forecast, by System
13.5.8.2. Market Revenue and Volume Forecast, by Component
13.5.8.3. Market Revenue and Volume Forecast, by Technology
13.5.8.4. Market Revenue and Volume Forecast, by Application
13.5.8.5. Market Revenue and Volume Forecast, by Vehicle Type
14.1. Denso Corporation
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Valeo
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. Dana Limited
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. BorgWarner Inc.
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. MAHLE GmbH
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Gentherm
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. Informa Markets
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. Robert Bosch GmbH
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. LG Chem
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. VOSS Automotive GmbH
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
16.1. About Us
16.2. Glossary of Terms
For questions or customization requests, please reach out to us at sales@precedenceresearch.com
Plan your call and get expert insights!
Schedule a Meeting
No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client
Report Description
Get a Sample