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Global EV Thermal System Market Outlook, In‑Depth Analysis & Forecast to 2031
Published Date: November 2025
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Report Code: QYRE-Auto-11F17101
Home | Market Reports | Autos & Vehicles| Motor Vehicles (By Type)| Hybrid & Alternative Vehicles
Global EV Thermal System Market Research Report 2024
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Global EV Thermal System Market Outlook, In‑Depth Analysis & Forecast to 2031

Code: QYRE-Auto-11F17101
Report
November 2025
Pages:152
QYResearch
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DESCRIPTION
TABLE OF CONTENT
TABLES & FIGURES

EV Thermal System Market

The global EV Thermal System market is projected to grow from US$ million in 2024 to US$ million by 2031, at a CAGR of %(2025-2031), driven by critical product segments and diverse end‑use applications, while evolving U.S. tariff policies introduce trade‑cost volatility and supply‑chain uncertainty.
An electric vehicle thermal system is a series of devices and components used to manage and control the heat of an electric vehicle. It includes components such as cooling systems, heating systems, temperature sensors, fans, radiators, heaters and associated pipework and pumps. The primary role of the EV thermal system is to maintain the critical components of the EV (e.g., batteries, electric motors, etc.) within a suitable operating temperature range to ensure vehicle performance, safety, and longevity. Cooling systems are used to remove heat when components such as batteries and electric motors overheat, while heating systems keep the vehicle's interior warm at low temperatures. The design and management of EV thermal systems is critical to the performance and reliability of EVs.
New energy vehicles are one of the key drivers of the sector. Global electric vehicles continue to grow rapidly, with total global sales of new energy vehicles exceeding 10 million units in 2022, a synchronised growth of 61%. China and Europe have been the main drivers of the strong growth in global electric vehicle sales. in 2022, China's new energy vehicle production and sales reached 7,058,000 and 6,887,000 respectively, up 96.9% and 93.4% year-on-year, and the production and sales of new energy vehicles have been ranked No. 1 globally for eight years in a row. Among them, the sales of pure electric vehicles were 5.365 million units, up 81.6 per cent year-on-year.In 2022, the sales of pure electric vehicles in Europe rose 29 per cent year-on-year to 1.58 million units.

Report Includes:

This definitive report equips CEOs, marketing directors, and investors with a 360° view of the global EV Thermal System market, seamlessly integrating production capacity and sales performance across the value chain. It analyzes historical production, revenue, and sales data (2020–2024) and delivers forecasts through 2031, illuminating demand trends and growth drivers.
By segmenting the market by Type and by Application, the study quantifies volume and value, growth rates, technical innovations, niche opportunities, and substitution risks, and analyzes downstream customers distribution pattern.
Granular regional insights cover five major markets—North America, Europe, APAC, South America, and MEA—with in‑depth analysis of 20+ countries. Each region’s dominant products, competitive landscape, and downstream demand trends are clearly detailed.
Critical competitive intelligence profiles manufacturers—capacity, sales volume, revenue, margins, pricing strategies, and major customers—and dissects the top-player positioning across product lines, applications, and regions to reveal strategic strengths.
A concise supply‑chain overview maps upstream suppliers, manufacturing technologies, cost structures, and distribution dynamics to identify strategic gaps and unmet demand.
Market Segmentation

Scope of EV Thermal System Market Report

Report Metric Details
Report Name EV Thermal System Market
Segment by Type
  • Heating Ventilation and Air Conditioning
  • Power Train Cooling
  • Fluid Transport
  • Others
Segment by Application
  • Battery Electric Vehicle
  • Hybrid Electric Vehicle
  • Plug-in Hybrid Electric Vehicle
  • Fuel Cell Electric Vehicle
Production by Region
  • North America
  • Europe
  • China
  • Japan
  • South Korea
  • India
Sales by Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia) Rest of Europe
  • Nordic Countries
  • Asia-Pacific (China, Japan, South Korea)
  • Southeast Asia (India, Australia)
  • Rest of Asia
  • Latin America (Mexico, Brazil)
  • Rest of Latin America
  • Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company BorgWarner, Dana Limited, Hanon Systems, Valeo SA, Denso Corporation, Bosch, Mahle GmbH, VOSS Automotive, Modine Manufacturing, Gentherm, CapTherm Systems, LG Chem, Visteon Corporation
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

  • Chapter 1: Defines the EV Thermal System study scope, segments the market by Type and by Application, etc, highlights segment size and growth potential.
  • Chapter 2: Offers current market state, projects global revenue and sales to 2031, pinpointing high consumption regions and emerging market catalysts
  • Chapter 3: Maps global production capacity, utilization, and market share (2020–2031), identifies efficient hubs, reveals regulatory/trade policy impacts and bottlenecks.
  • Chapter 4: Dissects the manufacturer landscape—ranks by volume and revenue, analyzes profitability and pricing, maps production bases, details manufacturer performance by product type and evaluates concentration alongside M&A moves.
  • Chapter 5: Unlocks high margin product segments—compares sales, revenue, ASP, and technology differentiators, highlighting growth niches and substitution risks
  • Chapter 6: Targets downstream market opportunities—evaluates sales, revenue, and pricing by Application, identifies emerging use cases, and profiles leading customers by region and by Application.
  • Chapter 7: North America—breaks down sales and revenue by Type, by Application and country, profiles key manufacturers and assesses growth drivers and barriers.
  • Chapter 8: Europe—analyses regional sales, revenue and market by Type, by Application and manufacturers, flagging drivers and barriers.
  • Chapter 9: Asia Pacific—quantifies sales and revenue by Type, by Application, and region/country, profiles top manufacturers, and uncovers high potential expansion areas.
  • Chapter 10: Central & South America—measures sales and revenue by Type, by Application, and country, profiles top manufacturers, and identifies investment opportunities and challenges.
  • Chapter 11: Middle East and Africa—evaluates sales and revenue by Type, by Application, and country, profiles key manufacturers, and outlines investment prospects and market hurdles
  • Chapter 12: Profiles manufacturers in depth—details product specs, capacity, sales, revenue, margins; Top manufactures 2024 sales breakdowns by Product type, by Application, by sales region SWOT analysis, and recent strategic developments.
  • Chapter 13: Supply chain—analyses upstream raw materials and suppliers, manufacturing footprint and technology, cost drivers, plus downstream channels and distributor roles.
  • Chapter 14: Market dynamics—explores drivers, restraints, regulatory impacts, and risk mitigation strategies.
  • Chapter 15: Actionable conclusions and strategic recommendations.
  • Why This Report:
  • Beyond standard market data, this analysis provides a clear profitability roadmap—empowering you to:
  • Allocate capital strategically to high growth regions (Chapters 7–11) and margin rich segments (Chapter 5).
  • Negotiate from strength with suppliers (Chapter 13) and customers (Chapter 6) using cost and demand intelligence.
  • Outmaneuver competitors with granular insights into their operations, margins, and strategies (Chapters 4 and 12).
  • Secure your supply chain against disruptions through upstream and downstream visibility (Chapters 13 and 14).
  • Leverage this 360° intelligence to turn market complexity into actionable competitive advantage.

FAQ for this report

What is the EV Thermal System Market production share by region?

Ans: in 2022, China's new energy vehicle production and sales reached 7,058,000 and 6,887,000 respectively, up 96.9% and 93.4% year-on-year, and the production and sales of new energy vehicles have been ranked No. 1 globally for eight years in a row.

Who are the main players in the EV Thermal System Market report?

Ans: The main players in the EV Thermal System Market are BorgWarner, Dana Limited, Hanon Systems, Valeo SA, Denso Corporation, Bosch, Mahle GmbH, VOSS Automotive, Modine Manufacturing, Gentherm, CapTherm Systems, LG Chem, Visteon Corporation

What are the Application segmentation covered in the EV Thermal System Market report?

Ans: The Applications covered in the EV Thermal System Market report are Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle, Fuel Cell Electric Vehicle

What are the Type segmentation covered in the EV Thermal System Market report?

Ans: The Types covered in the EV Thermal System Market report are Heating Ventilation and Air Conditioning, Power Train Cooling, Fluid Transport, Others

1 Study Coverage
1.1 Introduction to EV Thermal System: Definition, Properties, and Key Attributes
1.2 Market Segmentation by Type
1.2.1 Global EV Thermal System Market Size by Type, 2020 VS 2024 VS 2031
1.2.2 Heating Ventilation and Air Conditioning
1.2.3 Power Train Cooling
1.2.4 Fluid Transport
1.2.5 Others
1.3 Market Segmentation by Application
1.3.1 Global EV Thermal System Market Size by Application, 2020 VS 2024 VS 2031
1.3.2 Battery Electric Vehicle
1.3.3 Hybrid Electric Vehicle
1.3.4 Plug-in Hybrid Electric Vehicle
1.3.5 Fuel Cell Electric Vehicle
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Executive Summary
2.1 Global EV Thermal System Revenue Estimates and Forecasts 2020-2031
2.2 Global EV Thermal System Revenue by Region
2.2.1 Revenue Comparison: 2020 VS 2024 VS 2031
2.2.2 Historical and Forecasted Revenue by Region (2020--2031)
2.2.3 Global Revenue Market Share by Region (2020-2031)
2.3 Global EV Thermal System Sales Estimates and Forecasts 2020-2031
2.4 Global EV Thermal System Sales by Region
2.4.1 Sales Comparison: 2020 VS 2024 VS 2031
2.4.2 Historical and Forecasted Sales by Region (2020-2031)
2.4.3 Emerging Market Focus: Growth Drivers & Investment Trends
2.4.4 Global Sales Market Share by Region (2020-2031)
3 Global Production Analysis
3.1 Global EV Thermal System Production Capacity and Utilization Rates (2020–2031)
3.2 Regional Production: Comparative Analysis (2020 VS 2024 VS 2031)
3.3 Regional Production Dynamics
3.3.1 Historic Production by Region (2020-2025)
3.3.2 Forecasted Production by Region (2026-2031)
3.3.3 Production Market Share by Region (2020-2031)
3.3.4 Regulatory and Trade Policy Impact on Production
3.3.5 Production Capacity Enablers and Constraints
3.4 Key Regional Production Hubs
3.4.1 North America
3.4.2 Europe
3.4.3 China
3.4.4 Japan
3.4.5 South Korea
3.4.6 India
4 Competition by Manufacturers
4.1 Global EV Thermal System Sales by Manufacturers
4.1.1 Global Sales Volume by Manufacturers (2020-2025)
4.1.2 Global Top 5 and Top 10 Manufacturers’Market Share by Sales Volume (2024)
4.2 Global EV Thermal System Manufacturer Revenue Rankings and Tiers
4.2.1 Global Revenue (Value) by Manufacturers (2020-2025)
4.2.2 Global Key Manufacturer Revenue Ranking (2023 vs. 2024)
4.2.3 Revenue-Based Tier Segmentation (Tier 1, Tier 2, and Tier 3)
4.3 Manufacturer Profitability Profiles and Pricing Strategies
4.3.1 Gross Margin by Top Manufacturer (2020 VS 2024)
4.3.2 Manufacturer-Level Price Trends (2020-2025)
4.4 Key Manufacturers Manufacturing Base and Headquarters
4.5 Main Product Type Market Size by Manufacturers
4.5.1 Heating Ventilation and Air Conditioning Market Size by Manufacturers
4.5.2 Power Train Cooling Market Size by Manufacturers
4.5.3 Fluid Transport Market Size by Manufacturers
4.5.4 Others Market Size by Manufacturers
4.6 Global EV Thermal System Market Concentration and Dynamics
4.6.1 Global Market Concentration (CR5 and HHI)
4.6.2 Entrant/Exit Impact Analysis
4.6.3 Strategic Moves: M&A, Capacity Expansion, R&D Investment
5 Global Product Segmentation Analysis
5.1 Global EV Thermal System Sales Performance by Type
5.1.1 Global Historical and Forecasted Sales by Type (2020-2031)
5.1.2 Global Sales Market Share by Type (2020-2031)
5.2 Global EV Thermal System Revenue Trends by Type
5.2.1 Global Historical and Forecasted Revenue by Type (2020-2031)
5.2.2 Global Revenue Market Share by Type (2020-2031)
5.3 Global Average Selling Price (ASP) Trends by Type (2020-2031)
5.4 Product Technology Differentiation
5.5 Subtype Dynamics: Growth Leaders, Profitability and Risk
5.5.1 High-Growth Niches and Adoption Drivers
5.5.2 Profitability Hotspots and Cost Drivers
5.5.3 Substitution Threats
6 Global Downstream Application Analysis
6.1 Global EV Thermal System Sales by Application
6.1.1 Global Historical and Forecasted Sales by Application (2020-2031)
6.1.2 Global Sales Market Share by Application (2020-2031)
6.1.3 High-Growth Application Identification
6.1.4 Emerging Application Case Studies
6.2 Global EV Thermal System Revenue by Application
6.2.1 Global Historical and Forecasted Revenue by Application (2020-2031)
6.2.2 Revenue Market Share by Application (2020-2031)
6.3 Global Pricing Dynamics by Application (2020-2031)
6.4 Downstream Customer Analysis
6.4.1 Top Customers by Region
6.4.2 Top Customers by Application
7 North America
7.1 North America Sales Volume and Revenue (2020-2031)
7.2 North America Key Manufacturers Sales Revenue in 2024
7.3 North America EV Thermal System Sales and Revenue by Type (2020-2031)
7.4 North America EV Thermal System Sales and Revenue by Application (2020-2031)
7.5 North America Growth Accelerators and Market Barriers
7.6 North America EV Thermal System Market Size by Country
7.6.1 North America Revenue by Country
7.6.2 North America Sales Trends by Country
7.6.3 US
7.6.4 Canada
7.6.5 Mexico
8 Europe
8.1 Europe Sales Volume and Revenue (2020-2031)
8.2 Europe Key Manufacturers Sales Revenue in 2024
8.3 Europe EV Thermal System Sales and Revenue by Type (2020-2031)
8.4 Europe EV Thermal System Sales and Revenue by Application (2020-2031)
8.5 Europe Growth Accelerators and Market Barriers
8.6 Europe EV Thermal System Market Size by Country
8.6.1 Europe Revenue by Country
8.6.2 Europe Sales Trends by Country
8.6.3 Germany
8.6.4 France
8.6.5 U.K.
8.6.6 Italy
8.6.7 Russia
9 Asia-Pacific
9.1 Asia-Pacific Sales Volume and Revenue (2020-2031)
9.2 Asia-Pacific Key Manufacturers Sales Revenue in 2024
9.3 Asia-Pacific EV Thermal System Sales and Revenue by Type (2020-2031)
9.4 Asia-Pacific EV Thermal System Sales and Revenue by Application (2020-2031)
9.5 Asia-Pacific EV Thermal System Market Size by Region
9.5.1 Asia-Pacific Revenue by Region
9.5.2 Asia-Pacific Sales Trends by Region
9.6 Asia-Pacific Growth Accelerators and Market Barriers
9.7 Southeast Asia
9.7.1 Southeast Asia Revenue by Country (2020 VS 2024 VS 2031)
9.7.2 Key Country Analysis: Indonesia, Vietnam, Thailand
9.8 China
9.9 Japan
9.10 South Korea
9.11 China Taiwan
9.12 India
10 Central and South America
10.1 Central and South America Sales Volume and Revenue (2020-2031)
10.2 Central and South America Key Manufacturers Sales Revenue in 2024
10.3 Central and South America EV Thermal System Sales and Revenue by Type (2020-2031)
10.4 Central and South America EV Thermal System Sales and Revenue by Application (2020-2031)
10.5 Central and South America Investment Opportunities and Key Challenges
10.6 Central and South America EV Thermal System Market Size by Country
10.6.1 Central and South America Revenue Trends by Country (2020 VS 2024 VS 2031)
10.6.2 Brazil
10.6.3 Argentina
11 Middle East and Africa
11.1 Middle East and Africa Sales Volume and Revenue (2020-2031)
11.2 Middle East and Africa Key Manufacturers Sales Revenue in 2024
11.3 Middle East and Africa EV Thermal System Sales and Revenue by Type (2020-2031)
11.4 Middle East and Africa EV Thermal System Sales and Revenue by Application (2020-2031)
11.5 Middle East and Africa Investment Opportunities and Key Challenges
11.6 Middle East and Africa EV Thermal System Market Size by Country
11.6.1 Middle East and Africa Revenue Trends by Country (2020 VS 2024 VS 2031)
11.6.2 GCC Countries
11.6.3 Turkey
11.6.4 Egypt
11.6.5 South Africa
12 Corporate Profile
12.1 BorgWarner
12.1.1 BorgWarner Corporation Information
12.1.2 BorgWarner Business Overview
12.1.3 BorgWarner EV Thermal System Product Models, Descriptions and Specifications
12.1.4 BorgWarner EV Thermal System Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.1.5 BorgWarner EV Thermal System Sales by Product in 2024
12.1.6 BorgWarner EV Thermal System Sales by Application in 2024
12.1.7 BorgWarner EV Thermal System Sales by Geographic Area in 2024
12.1.8 BorgWarner EV Thermal System SWOT Analysis
12.1.9 BorgWarner Recent Developments
12.2 Dana Limited
12.2.1 Dana Limited Corporation Information
12.2.2 Dana Limited Business Overview
12.2.3 Dana Limited EV Thermal System Product Models, Descriptions and Specifications
12.2.4 Dana Limited EV Thermal System Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.2.5 Dana Limited EV Thermal System Sales by Product in 2024
12.2.6 Dana Limited EV Thermal System Sales by Application in 2024
12.2.7 Dana Limited EV Thermal System Sales by Geographic Area in 2024
12.2.8 Dana Limited EV Thermal System SWOT Analysis
12.2.9 Dana Limited Recent Developments
12.3 Hanon Systems
12.3.1 Hanon Systems Corporation Information
12.3.2 Hanon Systems Business Overview
12.3.3 Hanon Systems EV Thermal System Product Models, Descriptions and Specifications
12.3.4 Hanon Systems EV Thermal System Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.3.5 Hanon Systems EV Thermal System Sales by Product in 2024
12.3.6 Hanon Systems EV Thermal System Sales by Application in 2024
12.3.7 Hanon Systems EV Thermal System Sales by Geographic Area in 2024
12.3.8 Hanon Systems EV Thermal System SWOT Analysis
12.3.9 Hanon Systems Recent Developments
12.4 Valeo SA
12.4.1 Valeo SA Corporation Information
12.4.2 Valeo SA Business Overview
12.4.3 Valeo SA EV Thermal System Product Models, Descriptions and Specifications
12.4.4 Valeo SA EV Thermal System Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.4.5 Valeo SA EV Thermal System Sales by Product in 2024
12.4.6 Valeo SA EV Thermal System Sales by Application in 2024
12.4.7 Valeo SA EV Thermal System Sales by Geographic Area in 2024
12.4.8 Valeo SA EV Thermal System SWOT Analysis
12.4.9 Valeo SA Recent Developments
12.5 Denso Corporation
12.5.1 Denso Corporation Corporation Information
12.5.2 Denso Corporation Business Overview
12.5.3 Denso Corporation EV Thermal System Product Models, Descriptions and Specifications
12.5.4 Denso Corporation EV Thermal System Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.5.5 Denso Corporation EV Thermal System Sales by Product in 2024
12.5.6 Denso Corporation EV Thermal System Sales by Application in 2024
12.5.7 Denso Corporation EV Thermal System Sales by Geographic Area in 2024
12.5.8 Denso Corporation EV Thermal System SWOT Analysis
12.5.9 Denso Corporation Recent Developments
12.6 Bosch
12.6.1 Bosch Corporation Information
12.6.2 Bosch Business Overview
12.6.3 Bosch EV Thermal System Product Models, Descriptions and Specifications
12.6.4 Bosch EV Thermal System Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.6.5 Bosch Recent Developments
12.7 Mahle GmbH
12.7.1 Mahle GmbH Corporation Information
12.7.2 Mahle GmbH Business Overview
12.7.3 Mahle GmbH EV Thermal System Product Models, Descriptions and Specifications
12.7.4 Mahle GmbH EV Thermal System Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.7.5 Mahle GmbH Recent Developments
12.8 VOSS Automotive
12.8.1 VOSS Automotive Corporation Information
12.8.2 VOSS Automotive Business Overview
12.8.3 VOSS Automotive EV Thermal System Product Models, Descriptions and Specifications
12.8.4 VOSS Automotive EV Thermal System Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.8.5 VOSS Automotive Recent Developments
12.9 Modine Manufacturing
12.9.1 Modine Manufacturing Corporation Information
12.9.2 Modine Manufacturing Business Overview
12.9.3 Modine Manufacturing EV Thermal System Product Models, Descriptions and Specifications
12.9.4 Modine Manufacturing EV Thermal System Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.9.5 Modine Manufacturing Recent Developments
12.10 Gentherm
12.10.1 Gentherm Corporation Information
12.10.2 Gentherm Business Overview
12.10.3 Gentherm EV Thermal System Product Models, Descriptions and Specifications
12.10.4 Gentherm EV Thermal System Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.10.5 Gentherm Recent Developments
12.11 CapTherm Systems
12.11.1 CapTherm Systems Corporation Information
12.11.2 CapTherm Systems Business Overview
12.11.3 CapTherm Systems EV Thermal System Product Models, Descriptions and Specifications
12.11.4 CapTherm Systems EV Thermal System Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.11.5 CapTherm Systems Recent Developments
12.12 LG Chem
12.12.1 LG Chem Corporation Information
12.12.2 LG Chem Business Overview
12.12.3 LG Chem EV Thermal System Product Models, Descriptions and Specifications
12.12.4 LG Chem EV Thermal System Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.12.5 LG Chem Recent Developments
12.13 Visteon Corporation
12.13.1 Visteon Corporation Corporation Information
12.13.2 Visteon Corporation Business Overview
12.13.3 Visteon Corporation EV Thermal System Product Models, Descriptions and Specifications
12.13.4 Visteon Corporation EV Thermal System Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.13.5 Visteon Corporation Recent Developments
13 Value Chain and Supply-Chain Analysis
13.1 EV Thermal System Industry Chain
13.2 EV Thermal System Upstream Materials Analysis
13.2.1 Raw Materials
13.2.2 Key Suppliers Market Share & Risk Assessment
13.3 EV Thermal System Integrated Production Analysis
13.3.1 Manufacturing Footprint Analysis
13.3.2 Production Technology Overview
13.3.3 Regional Cost Drivers
13.4 EV Thermal System Sales Channels and Distribution Networks
13.4.1 Sales Channels
13.4.2 Distributors
14 EV Thermal System Market Dynamics
14.1 Industry Trends and Evolution
14.2 Market Growth Drivers and Emerging Opportunities
14.3 Market Challenges, Risks, and Restraints
15 Key Findings in the Global EV Thermal System Study
16 Appendix
16.1 Research Methodology
16.1.1 Methodology/Research Approach
16.1.1.1 Research Programs/Design
16.1.1.2 Market Size Estimation
16.1.1.3 Market Breakdown and Data Triangulation
16.1.2 Data Source
16.1.2.1 Secondary Sources
16.1.2.2 Primary Sources
16.2 Author Details
List of Tables
 Table 1. Global EV Thermal System Market Size Growth Rate by Type, 2020 VS 2024 VS 2031 (US$ Million)
 Table 2. Global EV Thermal System Market Size Growth Rate by Application, 2020 VS 2024 VS 2031 (US$ Million)
 Table 3. Global EV Thermal System Revenue Grow Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Table 4. Global EV Thermal System Revenue by Region (2020-2025) & (US$ Million)
 Table 5. Global EV Thermal System Revenue by Region (2026-2031) & (US$ Million)
 Table 6. Global EV Thermal System Sales Grow Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (Units)
 Table 7. Global EV Thermal System Sales by Region (2020-2025) & (Units)
 Table 8. Global EV Thermal System Sales by Region (2026-2031) & (Units)
 Table 9. Emerging Market Revenue Grow Rate (CAGR) by Country (2020 VS 2024 VS 2031) (US$ Million)
 Table 10. Global EV Thermal System Production Growth Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (Units)
 Table 11. Global EV Thermal System Production by Region (2020-2025) & (Units)
 Table 12. Global EV Thermal System Production by Region (2026-2031) & (Units)
 Table 13. Global EV Thermal System Sales by Manufacturers (2020-2025) & (Units)
 Table 14. Global EV Thermal System Sales Share by Manufacturers (2020-2025)
 Table 15. Global EV Thermal System Revenue by Manufacturers (2020-2025) & (US$ Million)
 Table 16. Global EV Thermal System Revenue Market Share by Manufacturers (2020-2025)
 Table 17. Global Key Manufacturers’Ranking Shift (2023 vs. 2024) (Based on Revenue)
 Table 18. Global EV Thermal System by Manufacturer Tier (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in EV Thermal System as of 2024)
 Table 19. Global EV Thermal System Average Gross Margin (%) by Manufacturer (2020 VS 2024)
 Table 20. Global EV Thermal System Average Selling Price (ASP) by Manufacturers (2020-2025) & (US$/Unit)
 Table 21. Key Manufacturers EV Thermal System Manufacturing Base and Headquarters
 Table 22. Global EV Thermal System Market Concentration Ratio (CR5 and HHI)
 Table 23. Key Market Entrant/Exit (2020-2024) – Drivers & Impact Analysis
 Table 24. Key Mergers & Acquisitions, Expansion Plans, R&D Investment
 Table 25. Global EV Thermal System Sales by Type (2020-2025) & (Units)
 Table 26. Global EV Thermal System Sales by Type (2026-2031) & (Units)
 Table 27. Global EV Thermal System Revenue by Type (2020-2025) & (US$ Million)
 Table 28. Global EV Thermal System Revenue by Type (2026-2031) & (US$ Million)
 Table 29. Global EV Thermal System ASP by Type (2020-2031) & (US$/Unit)
 Table 30. Technical Specifications by Key Product Type
 Table 31. Global EV Thermal System Sales by Application (2020-2025) & (Units)
 Table 32. Global EV Thermal System Sales by Application (2026-2031) & (Units)
 Table 33. EV Thermal System High-Growth Sectors Demand CAGR (2024-2031)
 Table 34. Global EV Thermal System Revenue by Application (2020-2025) & (US$ Million)
 Table 35. Global EV Thermal System Revenue by Application (2026-2031) & (US$ Million)
 Table 36. Global EV Thermal System ASP by Application (2020-2031) & (US$/Unit)
 Table 37. Top Customers by Region
 Table 38. Top Customers by Application
 Table 39. North America EV Thermal System Growth Accelerators and Market Barriers
 Table 40. North America EV Thermal System Revenue Grow Rate (CAGR) by Country (2020 VS 2024 VS 2031) (US$ Million)
 Table 41. North America EV Thermal System Sales (Units) by Country (2020 VS 2024 VS 2031)
 Table 42. Europe EV Thermal System Growth Accelerators and Market Barriers
 Table 43. Europe EV Thermal System Revenue Grow Rate (CAGR) by Country: 2020 VS 2024 VS 2031 (US$ Million)
 Table 44. Europe EV Thermal System Sales (Units) by Country (2020 VS 2024 VS 2031)
 Table 45. Asia-Pacific EV Thermal System Revenue Grow Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Table 46. Asia-Pacific EV Thermal System Sales (Units) by Country (2020 VS 2024 VS 2031)
 Table 47. Asia-Pacific EV Thermal System Growth Accelerators and Market Barriers
 Table 48. Southeast Asia EV Thermal System Revenue Grow Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Table 49. Central and South America EV Thermal System Investment Opportunities and Key Challenges
 Table 50. Central and South America EV Thermal System Revenue Grow Rate (CAGR) by Country (2020 VS 2024 VS 2031) (US$ Million)
 Table 51. Middle East and Africa EV Thermal System Investment Opportunities and Key Challenges
 Table 52. Middle East and Africa EV Thermal System Revenue Grow Rate (CAGR) by Country (2020 VS 2024 VS 2031) (US$ Million)
 Table 53. BorgWarner Corporation Information
 Table 54. BorgWarner Description and Major Businesses
 Table 55. BorgWarner Product Models, Descriptions and Specifications
 Table 56. BorgWarner Capacity, Sales (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 57. BorgWarner Sales Value Proportion by Product in 2024
 Table 58. BorgWarner Sales Value Proportion by Application in 2024
 Table 59. BorgWarner Sales Value Proportion by Geographic Area in 2024
 Table 60. BorgWarner EV Thermal System SWOT Analysis
 Table 61. BorgWarner Recent Developments
 Table 62. Dana Limited Corporation Information
 Table 63. Dana Limited Description and Major Businesses
 Table 64. Dana Limited Product Models, Descriptions and Specifications
 Table 65. Dana Limited Capacity, Sales (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 66. Dana Limited Sales Value Proportion by Product in 2024
 Table 67. Dana Limited Sales Value Proportion by Application in 2024
 Table 68. Dana Limited Sales Value Proportion by Geographic Area in 2024
 Table 69. Dana Limited EV Thermal System SWOT Analysis
 Table 70. Dana Limited Recent Developments
 Table 71. Hanon Systems Corporation Information
 Table 72. Hanon Systems Description and Major Businesses
 Table 73. Hanon Systems Product Models, Descriptions and Specifications
 Table 74. Hanon Systems Capacity, Sales (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 75. Hanon Systems Sales Value Proportion by Product in 2024
 Table 76. Hanon Systems Sales Value Proportion by Application in 2024
 Table 77. Hanon Systems Sales Value Proportion by Geographic Area in 2024
 Table 78. Hanon Systems EV Thermal System SWOT Analysis
 Table 79. Hanon Systems Recent Developments
 Table 80. Valeo SA Corporation Information
 Table 81. Valeo SA Description and Major Businesses
 Table 82. Valeo SA Product Models, Descriptions and Specifications
 Table 83. Valeo SA Capacity, Sales (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 84. Valeo SA Sales Value Proportion by Product in 2024
 Table 85. Valeo SA Sales Value Proportion by Application in 2024
 Table 86. Valeo SA Sales Value Proportion by Geographic Area in 2024
 Table 87. Valeo SA EV Thermal System SWOT Analysis
 Table 88. Valeo SA Recent Developments
 Table 89. Denso Corporation Corporation Information
 Table 90. Denso Corporation Description and Major Businesses
 Table 91. Denso Corporation Product Models, Descriptions and Specifications
 Table 92. Denso Corporation Capacity, Sales (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 93. Denso Corporation Sales Value Proportion by Product in 2024
 Table 94. Denso Corporation Sales Value Proportion by Application in 2024
 Table 95. Denso Corporation Sales Value Proportion by Geographic Area in 2024
 Table 96. Denso Corporation EV Thermal System SWOT Analysis
 Table 97. Denso Corporation Recent Developments
 Table 98. Bosch Corporation Information
 Table 99. Bosch Description and Major Businesses
 Table 100. Bosch Product Models, Descriptions and Specifications
 Table 101. Bosch Capacity, Sales (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 102. Bosch Recent Developments
 Table 103. Mahle GmbH Corporation Information
 Table 104. Mahle GmbH Description and Major Businesses
 Table 105. Mahle GmbH Product Models, Descriptions and Specifications
 Table 106. Mahle GmbH Capacity, Sales (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 107. Mahle GmbH Recent Developments
 Table 108. VOSS Automotive Corporation Information
 Table 109. VOSS Automotive Description and Major Businesses
 Table 110. VOSS Automotive Product Models, Descriptions and Specifications
 Table 111. VOSS Automotive Capacity, Sales (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 112. VOSS Automotive Recent Developments
 Table 113. Modine Manufacturing Corporation Information
 Table 114. Modine Manufacturing Description and Major Businesses
 Table 115. Modine Manufacturing Product Models, Descriptions and Specifications
 Table 116. Modine Manufacturing Capacity, Sales (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 117. Modine Manufacturing Recent Developments
 Table 118. Gentherm Corporation Information
 Table 119. Gentherm Description and Major Businesses
 Table 120. Gentherm Product Models, Descriptions and Specifications
 Table 121. Gentherm Capacity, Sales (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 122. Gentherm Recent Developments
 Table 123. CapTherm Systems Corporation Information
 Table 124. CapTherm Systems Description and Major Businesses
 Table 125. CapTherm Systems Product Models, Descriptions and Specifications
 Table 126. CapTherm Systems Capacity, Sales (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 127. CapTherm Systems Recent Developments
 Table 128. LG Chem Corporation Information
 Table 129. LG Chem Description and Major Businesses
 Table 130. LG Chem Product Models, Descriptions and Specifications
 Table 131. LG Chem Capacity, Sales (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 132. LG Chem Recent Developments
 Table 133. Visteon Corporation Corporation Information
 Table 134. Visteon Corporation Description and Major Businesses
 Table 135. Visteon Corporation Product Models, Descriptions and Specifications
 Table 136. Visteon Corporation Capacity, Sales (Units), Revenue (US$ Million), Price (US$/Unit) and Gross Margin (2020-2025)
 Table 137. Visteon Corporation Recent Developments
 Table 138. Key Raw Materials Distribution
 Table 139. Raw Materials Key Suppliers
 Table 140. Critical Raw Material Supplier Concentration (2024) & Risk Index
 Table 141. Milestones in Production Technology Evolution
 Table 142. Distributors List
 Table 143. Market Trends and Market Evolution
 Table 144. Market Drivers and Opportunities
 Table 145. Market Challenges, Risks, and Restraints
 Table 146. Research Programs/Design for This Report
 Table 147. Key Data Information from Secondary Sources
 Table 148. Key Data Information from Primary Sources


List of Figures
 Figure 1. EV Thermal System Product Picture
 Figure 2. Global EV Thermal System Market Size Growth Rate by Type, 2020 VS 2024 VS 2031 (US$ Million)
 Figure 3. Heating Ventilation and Air Conditioning Product Picture
 Figure 4. Power Train Cooling Product Picture
 Figure 5. Fluid Transport Product Picture
 Figure 6. Others Product Picture
 Figure 7. Global EV Thermal System Market Size Growth Rate by Application, 2020 VS 2024 VS 2031 (US$ Million)
 Figure 8. Battery Electric Vehicle
 Figure 9. Hybrid Electric Vehicle
 Figure 10. Plug-in Hybrid Electric Vehicle
 Figure 11. Fuel Cell Electric Vehicle
 Figure 12. EV Thermal System Report Years Considered
 Figure 13. Global EV Thermal System Revenue, (US$ Million), 2020 VS 2024 VS 2031
 Figure 14. Global EV Thermal System Revenue (2020-2031) & (US$ Million)
 Figure 15. Global EV Thermal System Revenue (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Figure 16. Global EV Thermal System Revenue Market Share by Region (2020-2031)
 Figure 17. Global EV Thermal System Sales (2020-2031) & (Units)
 Figure 18. Global EV Thermal System Sales (CAGR) by Region (2020-2031) (Units)
 Figure 19. Global EV Thermal System Sales Market Share by Region (2020-2031)
 Figure 20. Global EV Thermal System Capacity, Production and Utilization (2020-2031) & (Units)
 Figure 21. Global EV Thermal System Production Trend by Region (2020-2031) (Units)
 Figure 22. Global EV Thermal System Production Market Share by Region (2020-2031)
 Figure 23. Production Capacity Enablers & Constraints
 Figure 24. EV Thermal System Production Growth Rate in North America (2020-2031) & (Units)
 Figure 25. EV Thermal System Production Growth Rate in Europe (2020-2031) & (Units)
 Figure 26. EV Thermal System Production Growth Rate in China (2020-2031) & (Units)
 Figure 27. EV Thermal System Production Growth Rate in Japan (2020-2031) & (Units)
 Figure 28. EV Thermal System Production Growth Rate in South Korea (2020-2031) & (Units)
 Figure 29. EV Thermal System Production Growth Rate in India (2020-2031) & (Units)
 Figure 30. Top 5 and Top 10 Manufacturers EV Thermal System Sales Volume Market Share in 2024
 Figure 31. Global EV Thermal System Revenue Market Share Ranking (2024)
 Figure 32. Tier Distribution by Revenue Contribution (2020 VS 2024)
 Figure 33. Heating Ventilation and Air Conditioning Revenue Market Share by Manufacturer in 2024
 Figure 34. Power Train Cooling Revenue Market Share by Manufacturer in 2024
 Figure 35. Fluid Transport Revenue Market Share by Manufacturer in 2024
 Figure 36. Others Revenue Market Share by Manufacturer in 2024
 Figure 37. Type Eight Revenue Market Share by Manufacturer in 2024
 Figure 38. Type Nine Revenue Market Share by Manufacturer in 2024
 Figure 39. Global EV Thermal System Sales Market Share by Type (2020-2031)
 Figure 40. Global EV Thermal System Revenue Market Share by Type (2020-2031)
 Figure 41. Global EV Thermal System Sales Market Share by Application (2020-2031)
 Figure 42. Global EV Thermal System Revenue Market Share by Application (2020-2031)
 Figure 43. North America EV Thermal System Sales YoY (2020-2031) & (Units)
 Figure 44. North America EV Thermal System Revenue YoY (2020-2031) & (US$ Million)
 Figure 45. North America Top 5 Manufacturers EV Thermal System Sales Revenue (US$ Million) in 2024
 Figure 46. North America EV Thermal System Sales Volume (Units) by Type (2020- 2031)
 Figure 47. North America EV Thermal System Sales Revenue (US$ Million) by Type (2020 - 2031)
 Figure 48. North America EV Thermal System Sales Volume (Units) by Application (2020-2031)
 Figure 49. North America EV Thermal System Sales Revenue (US$ Million) by Application (2020-2031)
 Figure 50. US EV Thermal System Revenue (2020-2031) & (US$ Million)
 Figure 51. Canada EV Thermal System Revenue (2020-2031) & (US$ Million)
 Figure 52. Mexico EV Thermal System Revenue (2020-2031) & (US$ Million)
 Figure 53. Europe EV Thermal System Sales YoY (2020-2031) & (Units)
 Figure 54. Europe EV Thermal System Revenue YoY (2020-2031) & (US$ Million)
 Figure 55. Europe Top 5 Manufacturers EV Thermal System Sales Revenue (US$ Million) in 2024
 Figure 56. Europe EV Thermal System Sales Volume (Units) by Type (2020-2031)
 Figure 57. Europe EV Thermal System Sales Revenue (US$ Million) by Type (2020-2031)
 Figure 58. Europe EV Thermal System Sales Volume (Units) by Application (2020-2031)
 Figure 59. Europe EV Thermal System Sales Revenue (US$ Million) by Application (2020-2031)
 Figure 60. Germany EV Thermal System Revenue (2020-2031) & (US$ Million)
 Figure 61. France EV Thermal System Revenue (2020-2031) & (US$ Million)
 Figure 62. U.K. EV Thermal System Revenue (2020-2031) & (US$ Million)
 Figure 63. Italy EV Thermal System Revenue (2020-2031) & (US$ Million)
 Figure 64. Russia EV Thermal System Revenue (2020-2031) & (US$ Million)
 Figure 65. Asia-Pacific EV Thermal System Sales YoY (2020-2031) & (Units)
 Figure 66. Asia-Pacific EV Thermal System Revenue YoY (2020-2031) & (US$ Million)
 Figure 67. Asia-Pacific Top 8 Manufacturers EV Thermal System Sales Revenue (US$ Million) in 2024
 Figure 68. Asia-Pacific EV Thermal System Sales Volume (Units) by Type (2020- 2031)
 Figure 69. Asia-Pacific EV Thermal System Sales Revenue (US$ Million) by Type (2020- 2031)
 Figure 70. Asia-Pacific EV Thermal System Sales Volume (Units) by Application (2020-2031)
 Figure 71. Asia-Pacific EV Thermal System Sales Revenue (US$ Million) by Application (2020-2031)
 Figure 72. Indonesia EV Thermal System Revenue (2020-2031) & (US$ Million)
 Figure 73. Japan EV Thermal System Revenue (2020-2031) & (US$ Million)
 Figure 74. South Korea EV Thermal System Revenue (2020-2031) & (US$ Million)
 Figure 75. China Taiwan EV Thermal System Revenue (2020-2031) & (US$ Million)
 Figure 76. India EV Thermal System Revenue (2020-2031) & (US$ Million)
 Figure 77. Central and South America EV Thermal System Sales YoY (2020-2031) & (Units)
 Figure 78. Central and South America EV Thermal System Revenue YoY (2020-2031) & (US$ Million)
 Figure 79. Central and South America Top 5 Manufacturers EV Thermal System Sales Revenue (US$ Million) in 2024
 Figure 80. Central and South America EV Thermal System Sales Volume (Units) by Type (2021-2031)
 Figure 81. Central and South America EV Thermal System Sales Revenue (US$ Million) by Type (2020-2031)
 Figure 82. Central and South America EV Thermal System Sales Volume (Units) by Application (2020-2031)
 Figure 83. Central and South America EV Thermal System Sales Revenue (US$ Million) by Application (2020-2031)
 Figure 84. Brazil EV Thermal System Revenue (2020-2025) & (US$ Million)
 Figure 85. Argentina EV Thermal System Revenue (2020-2025) & (US$ Million)
 Figure 86. Middle East, and Africa EV Thermal System Sales YoY (2020-2031) & (Units)
 Figure 87. Middle East and Africa EV Thermal System Revenue YoY (2020-2031) & (US$ Million)
 Figure 88. Middle East and Africa Top 5 Manufacturers EV Thermal System Sales Revenue (US$ Million) in 2024
 Figure 89. Middle East and Africa EV Thermal System Sales Volume (Units) by Type (2021-2031)
 Figure 90. South America EV Thermal System Sales Revenue (US$ Million) by Type (2020-2031)
 Figure 91. Middle East and Africa EV Thermal System Sales Volume (Units) by Application (2020-2031)
 Figure 92. Middle East and Africa EV Thermal System Sales Revenue (US$ Million) by Application (2020-2031)
 Figure 93. GCC Countries EV Thermal System Revenue (2020-2025) & (US$ Million)
 Figure 94. Turkey EV Thermal System Revenue (2020-2025) & (US$ Million)
 Figure 95. Egypt EV Thermal System Revenue (2020-2025) & (US$ Million)
 Figure 96. South Africa EV Thermal System Revenue (2020-2025) & (US$ Million)
 Figure 97. EV Thermal System Industry Chain Mapping
 Figure 98. Regional EV Thermal System Manufacturing Base Distribution (%)
 Figure 99. EV Thermal System Production Process
 Figure 100. Regional EV Thermal System Production Cost Structure
 Figure 101. Channels of Distribution (Direct Vs Distribution)
 Figure 102. Bottom-up and Top-down Approaches for This Report
 Figure 103. Data Triangulation
 Figure 104. Key Executives Interviewed
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