Electric Vehicle Thermal Management : Industry Trends, Key Players & Market Dynamics (2023-2032)

Thermal management is used in vehicles to observe and regulate the temperature of batteries, passenger cabin area, and HVAC components, among others. The key purposes of the automotive thermal management system are heat transfer, reduction in thermal loads, and waste heat recovery. Thermal management systems can improve passenger comfort, power system performance and enhance the travel experience. 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.

𝐆𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 & 𝐓𝐎𝐂 : https://www.alliedmarketresearch.com/request-toc-and-sample/A12255

𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬

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.

𝐓𝐨𝐩 𝐈𝐦𝐩𝐚𝐜𝐭𝐢𝐧𝐠 𝐅𝐚𝐜𝐭𝐨𝐫𝐬

Growing demand for energy-efficient battery-powered devices, growing adoption of power modules including intelligent power module (IPM), and integration of automotive battery thermal management system with other electric thermal management systems are driving the growth of the electric vehicle thermal management market.

Strict government norms on the use of refrigerants in vehicles, and the high cost of thermal management system technology is expected to hamper the growth of the electric vehicle thermal management market.

Government support, and increasing FDI can be seen as an opportunity for the electric vehicle thermal management market investments.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/electric-vehicle-thermal-management-market/purchase-options

𝐓𝐡𝐞 𝐞𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐯𝐞𝐡𝐢𝐜𝐥𝐞 𝐭𝐡𝐞𝐫𝐦𝐚𝐥 𝐦𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐦𝐚𝐫𝐤𝐞𝐭 𝐭𝐫𝐞𝐧𝐝𝐬 𝐚𝐫𝐞 𝐚𝐬 𝐟𝐨𝐥𝐥𝐨𝐰𝐬 :

𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐚𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐛𝐚𝐭𝐭𝐞𝐫𝐲 𝐭𝐡𝐞𝐫𝐦𝐚𝐥 𝐦𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐬𝐲𝐬𝐭𝐞𝐦 𝐰𝐢𝐭𝐡 𝐨𝐭𝐡𝐞𝐫 𝐞𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐭𝐡𝐞𝐫𝐦𝐚𝐥 𝐦𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭

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.

𝐊𝐞𝐲 𝐛𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭:

This 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.

The report presents information related to key drivers, restraints, and opportunities along with challenges of the electric vehicle thermal management market.

The current market is quantitatively analyzed to highlight the electric vehicle thermal management market growth scenario.

The report provides a detailed electric vehicle thermal management market analysis based on competitive intensity and how the competition will take shape in coming years.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/A12255

𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐞𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐯𝐞𝐡𝐢𝐜𝐥𝐞 𝐭𝐡𝐞𝐫𝐦𝐚𝐥 𝐦𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭:

Which are the leading market players active in the electric vehicle thermal management market?

What would be the detailed impact of COVID-19 on the market?

What current trends would influence the market in the next few years?

What are the driving factors, restraints, and opportunities in the electric vehicle thermal management market?

What are the projections for the future that would help in taking further strategic steps?

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 :

David Correa
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