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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Recent Developments
· In March 2018, Continental inaugurated a production plant in Germany leading to its expansion in market out of china.
Top 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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Asia Pacific to Dominate the Market
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 Segmentation:
On the basis of Battery Type
· Conventional
· Solid-State
On the basis of Vehicle Type
· Passenger Vehicle
· Commercial Vehicle
On the basis of Battery Capacity
· <100 kWh
· 100-200 kWh
· 200-500 kWh
On the basis of Propulsion
· Battery Electric Vehicle (BEV)
· Hybrid Electric Vehicle (HEV)
· Plug-in Hybrid Electric Vehicle (PHEV)
On the basis of Technology
· Active
· Passive
Based on region:
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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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.
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