Summary

US Electric Vehicle Thermal Management System Market is valued approximately at USD 827.13 million in 2023 and is anticipated to grow with a healthy growth rate of more than 19.47% over the forecast period 2024-2032. The Electric Vehicle Thermal Management System is a critical component that regulates and manages the temperature of numerous vehicle components, including the battery pack, electric motor, power electronics, and cabin comfort. These systems help maintain appropriate operating temperatures for the battery pack, ensuring its efficiency, longevity, and safety. Furthermore, rising concerns about air pollution are gaining attention towards US Electric Vehicle Thermal Management System Market. Federal and State government organizations are implementing stricter regulations aiming at reducing greenhouse gas emissions and improving air quality supporting the overall growth of the Thermal Management System in electric vehicles.

The US Electric Vehicle Thermal Management System Market is driven by increasing demand of hybrid electric vehicles across the region. Hybrid electric vehicles feature complex powertrains that combine both internal combustion engines and electric propulsion systems. These powertrains generate heat from multiple sources, including the engine, electric motor, and power electronics. Effective thermal management is essential to ensure the optimal performance and efficiency of these components. In addition, hybrid electric vehicles offer a transitional solution towards achieving these regulatory targets while also providing consumers with increased fuel efficiency and reduced environmental impact However, high cost of electric vehicle thermal management system and lack of technical expertise is going to impede the overall demand for the market during the forecast period 2024-2032.


Major market player included in this report are:
BorgWarner Inc
Rivian Automotive Inc
Dana Limited
Company 4
Company 5
Company 6
Company 7
Company 8
Company 9
Company 10

The detailed segments and sub-segment of the market are explained below:

By Vehicle Type
Passenger Vehicles
Commercial Vehicles
Two Wheeler And Three Wheeler

By Technology
Liquid Cooling And Heating
Air Cooling And Heating
Other Technologies

By Propulsion Type
Battery Electric Vehicle
Hybrid Electric Vehicle
Plug in Hybrid Electric Vehicle
Fuel Cell Electric Vehicle

By Application
Engine Cooling
Air Conditioning System
Electric Vehicle Battery Thermal System
Transmission System

Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032

Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and Country level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

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Table of Contents

Chapter 1. US Electric Vehicle Thermal Management System Market Definition and Research Assumptions
1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
1.3.1. Inclusion & Exclusion
1.3.2. Limitations
1.3.3. Supply Side Analysis
1.3.3.1. Availability
1.3.3.2. Infrastructure
1.3.3.3. Regulatory Environment
1.3.3.4. Market Competition
1.3.3.5. Economic Viability (Consumer’s Perspective)
1.3.4. Demand Side Analysis
1.3.4.1. Regulatory frameworks
1.3.4.2. Technological Advancements
1.3.4.3. Environmental Considerations
1.3.4.4. Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates

Chapter 2. Executive Summary
2.1. US Electric Vehicle Thermal Management System Market Size & Forecast (2022- 2032)
2.2. Segmental Summary
2.2.1. By Vehicle Type
2.2.2. By Technology
2.2.3. By Propulsion Type
2.2.4. By Application
2.3. Key Trends
2.4. Recession Impact
2.5. Analyst Recommendation & Conclusion
Chapter 3. US Electric Vehicle Thermal Management System Market Dynamics
3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities
Chapter 4. US Electric Vehicle Thermal Management System Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion
Chapter 5. US Electric Vehicle Thermal Management System Market Size & Forecasts by Vehicle Type 2022-2032
5.1. Passenger Vehicles
5.2. Commercial Vehicles
5.3. Two-Wheeler And Three Wheeler
Chapter 6. US Electric Vehicle Thermal Management System Market Size & Forecasts by Technology 2022-2032
6.1. Liquid Cooling and Heating
6.2. Air Cooling and Heating
6.3. Other Technologies
Chapter 7. US Electric Vehicle Thermal Management System Market Size & Forecasts by Propulsion Type 2022-2032
7.1. Battery Electric Vehicle
7.2. Hybrid Electric Vehicle
7.3. Plug in Hybrid Electric Vehicle
7.4. Fuel Cell Electric Vehicle
Chapter 8. US Electric Vehicle Thermal Management System Market Size & Forecasts by Application 2022-2032
8.1. Engine Cooling
8.2. Air Conditioning System
8.3. Electric Vehicle Battery Thermal System
8.4. Transmission System
Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. BorgWarner Inc
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Market Strategies
9.3.2. Rivian Automotive Inc
9.3.3. Dana Limited
9.3.4. Company 4
9.3.5. Company 5
9.3.6. Company 6
9.3.7. Company 7
9.3.8. Company 8
9.3.9. Company 9
9.3.10. Company 10
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes