Global Electric Vehicle Battery Thermal Management Systems Market Size & Outlook
Global electric vehicle battery thermal management systems market, 2018-2030 (US$M)
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Global electric vehicle battery thermal management systems market highlights
- The global electric vehicle battery thermal management systems market generated a revenue of USD 5,419.1 million in 2024 and is expected to reach USD 29,090.4 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 32.9% by 2030.
- In terms of segment, passive accounted for a revenue of USD 5,485.7 million in 2024.
- Active is the most lucrative system type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, Japan is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 5,419.1 million |
| Market revenue in 2030 | USD 29,090.4 million |
| Growth rate | 32.9% (CAGR from 2025 to 2030) |
| Largest segment | Passive |
| Fastest growing segment | Active |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Active, Passive |
Other key industry trends
- In terms of revenue, the North America accounted for 19.0% of the global electric vehicle battery thermal management systems market in 2024.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Japan is the fastest growing regional market and is projected to reach USD 2,159.7 million by 2030.
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Electric Vehicle Battery Thermal Management Systems Market Scope
Electric Vehicle Battery Thermal Management Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Neograf | View profile | 11-50 | Rijeka, Licko-Senjska, Croatia, Europe | http://www.neograf.hr |
| Grayson Capital | View profile | - | Kansas City, Missouri, United States, North America | https://www.graysoncre.com |
| VOSS Automotive, Inc., USA | View profile | 101-250 | Fort Wayne, Indiana, United States, North America | https://vossusa.com/ |
| Hanon Systems | View profile | 1001-5000 | Daejeon, Taejon-jikhalsi, South Korea, Asia | http://www.hanonsystems.com |
| Robert Bosch GmbH | View profile | - | - | - |
| Valeo | View profile | 10001+ | Créteil, Ile-de-France, France, Europe | http://www.valeo.com/en/ |
| Gentherm Inc Class A | View profile | 14504 | 21680 Haggerty Road, Northville, MI, United States, 48167 | https://www.gentherm.com |
| Dana Inc | View profile | 42000 | 3939 Technology Drive, Maumee, OH, United States, 43537 | https://www.dana.com |
| MAHLE | View profile | 10001+ | Stuttgart, Baden-Wurttemberg, Germany, Europe | https://www.mahle.com |
| Parker Hannifin Corp | View profile | 62730 | 6035 Parkland Boulevard, Cleveland, OH, United States, 44124-4141 | http://www.phstock.com |
| 3M Co | View profile | 85000 | 3M Center, St. Paul, MN, United States, 55144 | https://www.3m.com |
Global electric vehicle battery thermal management systems market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to electric vehicle battery thermal management systems market will help companies and investors design strategic landscapes.
Passive was the largest segment with a revenue share of 101.23% in 2024. Horizon Databook has segmented the Global electric vehicle battery thermal management systems market based on active, passive covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Electric Vehicle Battery Thermal Management Systems System Type Outlook (Revenue, USD Million, 2018-2030)
- Active
- Passive
- Global Electric Vehicle Battery Thermal Management Systems Application Outlook (Revenue, USD Million, 2018-2030)
- Passenger Vehicle
- Commercial Vehicle
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Horizon Databook provides a detailed overview of global-level data and insights on the Global electric vehicle battery thermal management systems market , including forecasts for subscribers. This global databook contains high-level insights into Global electric vehicle battery thermal management systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global electric vehicle battery thermal management systems market size, by regions, 2018-2030 (US$M)
Top 10 countries: Electric vehicle battery thermal management systems market size, 2024 (US$M)
Global electric vehicle battery thermal management systems market share, by system type, 2024 & 2030 (%, US$M)
Electric vehicle battery thermal management systems market: Opportunity assessment by country
Global electric vehicle battery thermal management systems market, by region, 2024 (US$M)
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