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Electric Vehicle Thermal Management Market Extensive Analysis with Impact of COVID 19 on Driving Growth Factors by 2030
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ - https://www.alliedmarketresearch.com/request-toc-and-sample/12620
In electric vehicles, thermal management systems are used to increase the efficiency range of the vehicle. China, Germany, South Korea, the United States, Japan and other countries continue to improve the electric vehicle infrastructure, global electric vehicle production and growing demand for thermal cooling solution in the vehicles, stringent emission and fuel efficiency regulations, and the growing demand for energy-efficient battery-powered devices are driving the market.
Due to the government's strict carbon dioxide emission standards, the demand for electric vehicles and alternative fuel vehicles has increased. These initiatives by governments of various countries are also encouraging automakers to move towards the new trend of electric vehicles. Traditionally, automakers and suppliers use battery thermal management systems to manage battery temperature, but technological advances and reduced vehicle weight demand compelled the OEMs and suppliers to integrate the battery thermal management system with other electric thermal management systems of the vehicle.
This approach or module has enabled the developers and OEMs to achieve the utmost efficiency at a low cost. The thermal management system manufacturers and developers now have started integrating the electronic components in the same module of thermal management, such as integrating power electronics components into the same module such as Belt Starter Generator (BSG), electric drive (motor, generator, inverter), and inverter-converter modules. The integration of this technology with shared thermal management system for batteries and other applications enables developers and original equipment manufacturers to increase efficiency and reduce vehicle weight at low cost.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ - https://www.alliedmarketresearch.com/request-for-customization/12620
Key benefits of the report:
โฆThis study presents the analytical depiction of the electric vehicle thermal management industry along with the current trends and future estimations to determine the imminent investment pockets.
โฆThe report presents information related to key drivers, restraints, and opportunities along with challenges of the electric vehicle thermal management market.
โฆThe current market is quantitatively analyzed to highlight the electric vehicle thermal management market growth scenario.
โฆThe report provides a detailed electric vehicle thermal management market analysis based on competitive intensity and how the competition will take shape in coming years.
Major Key Player:
BorgWarner Inc., Robert Bosch GmbH, Dana Limited, LG Chem, VOSS Automotive GmbH, Modine Manufacturing Company, Denso Corporation, MAHLE GmbH, Valeo, Gentherm
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Impact Of COVID-19
COVID-19 has presented the world with an unprecedented economic, humanitarian, and healthcare challenge. Rapid spread of the disease has led to a significant impact on the global automotive industry, with a downturn in demand for new and old vehicles. The electric vehicle segment is hit hard by this pandemic as these automobiles are mostly considered as modern day mobility and at the same time are costlier enough for ownership. Due to the pandemic and its rapid spread across the globe, the demand & supply chain for numerous products came to a halt due to the unavailability of transportation medium. Electric vehicle thermal management is an evolving sector which is hampered due to an ongoing virus, because of which all type of production and installation across the affected countries had been shut down & all operations were disrupted due to the pandemic. Majority of electric vehicle thermal management manufacturers are facing major issues such as closure of factories and unavailability of workforce due to the lockdowns which further affects the production of cars as well. Moreover, during the end of 2020, the situation came in control in some countries due to which the demand & supply gap was fulfilled and there was significant growth in the registration of new vehicles due to the need to avoid public transport to commute from one place to another.
Similar Report :
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https://www.alliedmarketresearch.com/electric-vehicle-sensor-market-A53437
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https://www.alliedmarketresearch.com/automotive-quality-service-market-A07813
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