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EV Battery Heating System Market Outlook (2023 to 2033)

The global EV battery heating system market is projected to register at a moderate-paced CAGR of 18.7% over the forecast period. The EV battery heating system market is currently valued at US$ 3113.6 Million in 2023. By 2033, demand for EV battery heating systems is expected to reach a high of US$ 17289 Million.

This Growth in the Adoption of EV Battery Heating Systems is Supported by the Following:

  • The rising popularity of EVs around the world
  • Sales of electric vehicles have increased dramatically in countries like China, the USA, and Norway
  • The rising efforts of automotive component manufacturers to develop cutting-edge cooling methods for regulating the extremely high temperatures generated by these batteries
Attribute Details
Market Value (2023) US$ 3113.6 Million
Market Value (2033) US$ 17289 Million
CAGR 18.7%

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Improvements in Fast-Charging and Extended-Range Electric Vehicle Technology are Developing the EV Battery Heating System Market

Despite the rising popularity of electric vehicles, many people who are in the market for a new car still have doubts about whether an EV would meet their everyday transportation needs. Vehicle manufacturers have responded to consumers' concerns about the range by developing electric vehicles with greater range.

The long-range Nexon EV introduced by Tata Motors on April 20, 2022, which features a larger 40kWh battery pack and a range of 400km, is a key example of the change in the market outlook. Battery heat management is necessary to keep the temperature of an electric car within a safe and functioning range due to the enormous amount of heat that larger battery packs in electric vehicles emit. The International Energy Agency (IEA) released a report in 2021 stating that the average range of electric vehicles has increased year over year.

As of 2020, the new battery-powered electric vehicle had an estimated average range of 350 kilometers, up from just 200 in 2015. As a result, the market for EV battery heating systems is anticipated to grow as more long-range vehicles are produced to meet the growing demand for better electric vehicle performance and safety. In addition, fast-charging infrastructure is rapidly expanding and improving, allowing for the quick recharging of electric vehicles. In January 2022, Voltempo, a major innovator in EV technology, released Hyper Charging, the fastest charging system in the world.

Fast-charging infrastructure is already being built by companies like Tesla and EVgo in many cities across North America. For instance, EVgo, the largest public fast-charging network for Electric Vehicles (EVs) in the USA, added more fast-charging stations across the country in February 2021 so that Tesla drivers could charge at more EVgo stations.

Hyundai, a South Korean global automaker, announced a partnership with retail giant Lotte Group and KB Asset Management in April 2022 to develop Korea's ultra-fast charging infrastructure.

Numerous national governments have launched programs to encourage the rollout of fast-charging infrastructure. In 2019, the government of India revised guidelines for EV charging stations to allow for greater flexibility in terms of charging infrastructure technology selection by project developers.

Public charging stations for electric vehicles are likely to soon support the faster charging standards of CHAdeMO and the Combined Charging System (CCS), in addition to the already-present Bharat standard.

Due to variations in the temperature distribution within the battery module, individual battery cells deteriorate at various rates, which might shorten the module's total lifespan. As lithium-ion batteries generate enormous heat at high current charge rates, the fast-charging technology is to blame for the battery's rapid degradation.

Owing to this, a thermal management system for batteries is necessary for effective heat removal and consistent temperature management. As a result, the EV battery heating system market is expanding owing to the increasing popularity of high-capacity batteries and rapid charging. [AB1]The information is not entirely related to the market. Try and add substantial information.

Comparative Analysis of Adjacent Markets

EV Battery Heating System Market:

Differentiating Aspects EV Battery Heating System Market
CAGR 18.7%
Market Valuation in 2023 US$ 3113.6 Million
Projected Market Value in 2033 US$ 17289 Million
Drivers Thermostats for electric motors and batteries are integrated into the vehicle's overall thermal management system. There has been widespread uptake of cutting-edge lithium-ion battery technology.

Automotive Infotainment Market:

Differentiating Aspects Automotive Infotainment Market
CAGR 7.5%
Market Valuation in 2023 US$ 25.8 Billion
Projected Market Value in 2033 US$ 49.9 Billion
Drivers Rising demand for in-car entertainment and improved driver comfort Increasing integration of technology and systems into automobiles for improving safety.

Electric Vehicle Power Inverter Market:

Differentiating Aspects Electric Vehicle Power Inverter Market
CAGR 26.5%
Market Valuation in 2023 US$ 4,149.28 Million
Projected Market Value in 2033 US$ 33,364.52 Million
Drivers Growing sales of electric vehicles Increasing initiatives by governments across the globe
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Key Drivers and Restraints for the EV Battery Heating System Market

Lithium-ion Batteries are Becoming More and More Popular as a Preferred Growth Aid.

The global EV battery heating system market is expected to expand as a result of rising demand for high-tech alternative vehicles, such as lightweight ones. Lithium-ion battery technology, commonly utilized in vehicles, is widely favored by industry leaders and customers. The greater energy density, longer battery life, and increased resilience contribute to this. Similarly, such batteries are often used by businesses in thermal battery management systems to guarantee reliable performance and security.

Electronics, electric vehicles (EVs), and industrial machines are just some of the uses that automakers have found for these batteries. Furthermore, these batteries are vulnerable to dangers and can detect various malfunctions, including overheating, electric leaks, and the state of charge at temperatures in the charging/discharging environment.

Many developing nations, notably India, have been prompted by the COVID-19 crisis to prioritize domestic production of li-ion batteries and car battery heat management systems. As EV demand rises, nations are looking to produce their own Li-ion batteries, electronic components, and other necessities rather than relying on China to provide them.

The growing Complexity of Designs and High System Costs Could Slow Market Expansion.

Vehicle design and battery capacity dictate the thermal battery management system. As a result, there is a larger price tag attached to both the labor and materials required to install and produce new units for hybrid vehicles. Furthermore, the thermal components confront challenges, including confirming the thermal designs of components, developing the appropriate flow channels, decreasing power requirements, decreasing the overall vehicle weight and cost, the battery-specific coolant system, the complexity of the model and flow, etc.

High power also increases temperature, which increases the risk of fire and short circuits due to the increasing number of components present. The implementation of a thermal battery management system can also significantly increase the final cost of a product or application, which may diminish demand among price-conscious consumers. Accordingly, such difficulties in the rudimentary design of the vehicle battery thermal management system may impede the development of the global market.

Category-wise Insights

By 2023, the passive system type is projected to have captured more than 78% of the global market's revenue share. As passive systems continue to be in high demand due to their ability to provide hundreds of watts of cooling and heating power, the demand for EV battery heating systems is predicted to maintain its dominance in the coming years.

In addition, the materials used in passive thermal management systems are less expensive than those used in active cooling systems. It is expected that the active type of market is expected to grow at the fastest rate during the forecast time frame because of the rising popularity of systems that use air or liquid to cool or heat the battery cells. The use of a BTMS (battery thermal management system) in a battery pack improves its performance and service life.

Over 87% of the market is projected to pertain to the passenger vehicle subsegment by 2023. Passenger EVs are widely available throughout the world. Hence this EV battery heating system segment is expected to maintain its dominant position and grow at the greatest CAGR during the forecast period. The expansion of the demand for EV battery heating systems is being fueled by numerous government programs promoting the adoption of electric vehicles.

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Regional Insights

How is the USA EV Battery Heating System Market Developing?

It is anticipated that the USA is likely to gain traction over the course of the forecast period due to broader and more ambitious initiatives by the state governments to migrate to electric vehicles. This is the primary factor driving the demand for EV battery heating systems in the North American region.

Significant tax benefits assisted in the early adoption of electric Light-duty Vehicles (LDVs) and assisted in the establishment of the electric vehicle manufacturing industry as well as the battery industry. Rebates on registration taxes and purchasing subsidies for electric vehicles were developed with the goal of narrowing the price gap between these types of vehicles and conventional ones. The expansion of the sales of EV battery heating systems in the country is being sped up by the many initiatives being taken by the government.

What are the driving factors for the European EV Battery Heating System Market?

It is projected that Europe's regional market would experience considerable expansion over the course of the projection period due to the presence of numerous prominent alternative vehicles and component producers in the region. These manufacturers include BMW, Fiat, Daimler AG, Volkswagen, Mercedes, and Volvo. Countries such as Norway, Germany, France, and the Netherlands, as well as the United Kingdom, are among the most important contributors to the European market.

The percentage of households that have electric vehicles in Norway is the highest in the world, and the country is also third in terms of the total number of EVs sold worldwide. It is anticipated that Germany would hold the leading position in the European market with a global EV battery heating system market share of 10.2%.

How are China and India leading the growth of EV Battery Heating Systems in Asia-Pacific?

The Asia-Pacific industry for EV battery heating systems is transitioning from its infancy into a period of rapid growth.

Figures show that in 2022, the number of electrically powered two-wheelers sold in China hit 53.375 million, an increase of 16.5% year over year; likewise, the number of lithium-powered two-wheelers sold hit 9.287 million, an increase of 22.6% year over year, with a penetration rate of 17.4%.

Other two-wheelers and battery swapping markets are expected to grow rapidly in 2022, driving the overall EV battery heating system market forward, but the growth rate of lithium two-wheelers is expected to be slower, primarily because the falling cost of lithium batteries and the dwindling competitive advantage of lead-acid batteries have enabled the rapid growth of the EV battery heating system market.

However, India has been aggressively testing the practicality of interchangeable batteries and pursuing battery switching on a national scale. The implementation of a battery swap policy and the creation of interoperability standards to support the electric vehicle (EV) ecosystem in India were announced in this year's budget. Degree.

Niti Aayog unveiled the preliminary Battery Swap Policy in April 2022. It's encouraging to see signals like this being sent in favor of the expansion of the battery swap ecosystem. The development of battery-swapping infrastructure has been given less attention at the national level than the creation of a widespread network of charging stations for EVs.

Battery-swapping solutions are becoming more common and have been successfully piloted, which creates an opening to create a solution-independent environment that levels the playing field for competing technologies and makes certain there is a selection of alternatives for people who use electric cars.

Competitive Landscape

The EV battery heating system market is moderately fragmented due to the existence of multiple enterprises based in the same region. These market participants are implementing methods to increase their market shares, such as investments, collaborations, acquisitions, and mergers. Additionally, companies are investing in the research and development of enhanced battery cooling systems in order to support the increased and long-lasting performance of the battery systems. In addition to that, one of their primary focuses is on keeping their prices competitive.

Strategies for Business Expansion Employed by Principal Players in Order to Improve Their Positions in the Market

Hanon System is the world's leading automotive supplier and a firm that specializes in the supply of solutions for EV battery heating systems. The company was an industry pioneer when it came to offering a diverse product portfolio that specialized in thermal and energy management. In order to assist car manufacturers in selling electric, fuel cell, hybrid, and autonomous vehicles to markets all over the world, the firm began offering its comprehensive portfolio of solutions, which includes thermal battery management.

In a similar manner, Continental AG, the most significant participant in the automotive sector, kept expanding its product line to include e-mobility components while operating in the Chinese EV battery heating system market. The intelligent thermal management system for alternative vehicles is going to get its first run in volume production at the company soon.

Key players in the EV battery heating system market include

Modine Manufacturing Company, continental ag, gentherm, Dana Limited, Hanon Systems, Valeo, MAHLE GmbH, Robert Bosch GmbH, Grayson, VOSS Automotive GmbH

Key Segments in the EV Battery Heating System Market

Type:

  • Active
  • Passive
  • Hybrid

Technology:

  • Liquid Cooling and Heating
  • Air Cooling and Heating
  • Others

Propulsion Type:

  • Battery Electric Vehicle
  • Hybrid Electric Vehicle
  • Plug-in Hybrid Electric Vehicle
  • Fuel Cell Electric Vehicle

Vehicle Type:

  • Passenger Vehicles
  • Commercial Vehicles
  • Two-Wheeler
  • Three-Wheeler

Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA (Middle East and Africa)
  • Europe

Frequently Asked Questions

What is the Growth Outlook for the EV Battery Heating System Market?

The growth outlook for the EV battery heating system market is predicted to advance at a CAGR of 18.7% from 2023 to 2033.

Which Region Leads the EV Battery Heating System Market?

Asia Pacific is anticipated to lead the EV battery heating system market over the forecast period.

What is the market valuation of EV Battery Heating System in 2023?

The valuation of the EV Battery Heating System market stands at US$ 3113.6 Million in 2023.

How much Growth Potential does EV Battery Heating System hold?

The EV battery heating system market is likely to hold a valuation of US$ 17289 Million by 2033.

Table of Content

1. Executive Summary | EV Battery Heating System Market

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Investment Feasibility Matrix

    3.5. PESTLE and Porter’s Analysis

    3.6. Regulatory Landscape

        3.6.1. By Key Regions

        3.6.2. By Key Countries

    3.7. Regional Parent Market Outlook

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) Analysis By Technology, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Technology, 2023 to 2033

        5.3.1. Air Cooling and Heating System

        5.3.2. Liquid Cooling and Heating System

        5.3.3. Direct Refrigerant Cooling and Heating System

        5.3.4. Phase Change Material (PCM) System

        5.3.5. Thermo-Electric System

        5.3.6. Others

    5.4. Y-o-Y Growth Trend Analysis By Technology, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Technology, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) Analysis By Vehicle Type, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Vehicle Type, 2023 to 2033

        6.3.1. Battery Electric Vehicles (BEVs)

        6.3.2. Plug-In Hybrid Electric Vehicles (PHEVs)

        6.3.3. Hybrid Electric Vehicles (HEVs)

        6.3.4. Fuel Cell Electric Vehicles

    6.4. Y-o-Y Growth Trend Analysis By Vehicle Type, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Vehicle Type, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    7.1. Introduction

    7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022

    7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033

        7.3.1. North America

        7.3.2. Latin America

        7.3.3. Europe

        7.3.4. South Asia & Pacific

        7.3.5. East Asia

        7.3.6. Middle East and Africa (MEA)

    7.4. Market Attractiveness Analysis By Region

8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        8.2.1. By Country

            8.2.1.1. United States of America

            8.2.1.2. Canada

        8.2.2. By Technology

        8.2.3. By Vehicle Type

    8.3. Market Attractiveness Analysis

        8.3.1. By Country

        8.3.2. By Technology

        8.3.3. By Vehicle Type

    8.4. Key Takeaways

9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        9.2.1. By Country

            9.2.1.1. Brazil

            9.2.1.2. Mexico

            9.2.1.3. Rest of Latin America

        9.2.2. By Technology

        9.2.3. By Vehicle Type

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Technology

        9.3.3. By Vehicle Type

    9.4. Key Takeaways

10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        10.2.1. By Country

            10.2.1.1. Germany

            10.2.1.2. United Kingdom

            10.2.1.3. France

            10.2.1.4. Spain

            10.2.1.5. Italy

            10.2.1.6. Rest of Europe

        10.2.2. By Technology

        10.2.3. By Vehicle Type

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Technology

        10.3.3. By Vehicle Type

    10.4. Key Takeaways

11. South Asia & Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. India

            11.2.1.2. Malaysia

            11.2.1.3. Singapore

            11.2.1.4. Thailand

            11.2.1.5. Australia

            11.2.1.6. New Zealand

            11.2.1.7. Rest of South Asia & Pacific

        11.2.2. By Technology

        11.2.3. By Vehicle Type

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Technology

        11.3.3. By Vehicle Type

    11.4. Key Takeaways

12. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. China

            12.2.1.2. Japan

            12.2.1.3. South Korea

        12.2.2. By Technology

        12.2.3. By Vehicle Type

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Technology

        12.3.3. By Vehicle Type

    12.4. Key Takeaways

13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. GCC Countries

            13.2.1.2. South Africa

            13.2.1.3. Israel

            13.2.1.4. Rest of MEA

        13.2.2. By Technology

        13.2.3. By Vehicle Type

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Technology

        13.3.3. By Vehicle Type

    13.4. Key Takeaways

14. Key Countries Market Analysis

    14.1. United States of America

        14.1.1. Pricing Analysis

        14.1.2. Market Share Analysis, 2022

            14.1.2.1. By Technology

            14.1.2.2. By Vehicle Type

    14.2. Canada

        14.2.1. Pricing Analysis

        14.2.2. Market Share Analysis, 2022

            14.2.2.1. By Technology

            14.2.2.2. By Vehicle Type

    14.3. Brazil

        14.3.1. Pricing Analysis

        14.3.2. Market Share Analysis, 2022

            14.3.2.1. By Technology

            14.3.2.2. By Vehicle Type

    14.4. Mexico

        14.4.1. Pricing Analysis

        14.4.2. Market Share Analysis, 2022

            14.4.2.1. By Technology

            14.4.2.2. By Vehicle Type

    14.5. Germany

        14.5.1. Pricing Analysis

        14.5.2. Market Share Analysis, 2022

            14.5.2.1. By Technology

            14.5.2.2. By Vehicle Type

    14.6. United Kingdom

        14.6.1. Pricing Analysis

        14.6.2. Market Share Analysis, 2022

            14.6.2.1. By Technology

            14.6.2.2. By Vehicle Type

    14.7. France

        14.7.1. Pricing Analysis

        14.7.2. Market Share Analysis, 2022

            14.7.2.1. By Technology

            14.7.2.2. By Vehicle Type

    14.8. Spain

        14.8.1. Pricing Analysis

        14.8.2. Market Share Analysis, 2022

            14.8.2.1. By Technology

            14.8.2.2. By Vehicle Type

    14.9. Italy

        14.9.1. Pricing Analysis

        14.9.2. Market Share Analysis, 2022

            14.9.2.1. By Technology

            14.9.2.2. By Vehicle Type

    14.10. India

        14.10.1. Pricing Analysis

        14.10.2. Market Share Analysis, 2022

            14.10.2.1. By Technology

            14.10.2.2. By Vehicle Type

    14.11. Malaysia

        14.11.1. Pricing Analysis

        14.11.2. Market Share Analysis, 2022

            14.11.2.1. By Technology

            14.11.2.2. By Vehicle Type

    14.12. Singapore

        14.12.1. Pricing Analysis

        14.12.2. Market Share Analysis, 2022

            14.12.2.1. By Technology

            14.12.2.2. By Vehicle Type

    14.13. Thailand

        14.13.1. Pricing Analysis

        14.13.2. Market Share Analysis, 2022

            14.13.2.1. By Technology

            14.13.2.2. By Vehicle Type

    14.14. Australia

        14.14.1. Pricing Analysis

        14.14.2. Market Share Analysis, 2022

            14.14.2.1. By Technology

            14.14.2.2. By Vehicle Type

    14.15. New Zealand

        14.15.1. Pricing Analysis

        14.15.2. Market Share Analysis, 2022

            14.15.2.1. By Technology

            14.15.2.2. By Vehicle Type

    14.16. China

        14.16.1. Pricing Analysis

        14.16.2. Market Share Analysis, 2022

            14.16.2.1. By Technology

            14.16.2.2. By Vehicle Type

    14.17. Japan

        14.17.1. Pricing Analysis

        14.17.2. Market Share Analysis, 2022

            14.17.2.1. By Technology

            14.17.2.2. By Vehicle Type

    14.18. South Korea

        14.18.1. Pricing Analysis

        14.18.2. Market Share Analysis, 2022

            14.18.2.1. By Technology

            14.18.2.2. By Vehicle Type

    14.19. GCC Countries

        14.19.1. Pricing Analysis

        14.19.2. Market Share Analysis, 2022

            14.19.2.1. By Technology

            14.19.2.2. By Vehicle Type

    14.20. South Africa

        14.20.1. Pricing Analysis

        14.20.2. Market Share Analysis, 2022

            14.20.2.1. By Technology

            14.20.2.2. By Vehicle Type

    14.21. Israel

        14.21.1. Pricing Analysis

        14.21.2. Market Share Analysis, 2022

            14.21.2.1. By Technology

            14.21.2.2. By Vehicle Type

15. Market Structure Analysis

    15.1. Competition Dashboard

    15.2. Competition Benchmarking

    15.3. Market Share Analysis of Top Players

        15.3.1. By Regional

        15.3.2. By Technology

        15.3.3. By Vehicle Type

16. Competition Analysis

    16.1. Competition Deep Dive

        16.1.1. Continental AG

            16.1.1.1. Overview

            16.1.1.2. Product Portfolio

            16.1.1.3. Profitability by Market Segments

            16.1.1.4. Sales Footprint

            16.1.1.5. Strategy Overview

                16.1.1.5.1. Marketing Strategy

        16.1.2. LG Chem

            16.1.2.1. Overview

            16.1.2.2. Product Portfolio

            16.1.2.3. Profitability by Market Segments

            16.1.2.4. Sales Footprint

            16.1.2.5. Strategy Overview

                16.1.2.5.1. Marketing Strategy

        16.1.3. Gentherm Incorporated

            16.1.3.1. Overview

            16.1.3.2. Product Portfolio

            16.1.3.3. Profitability by Market Segments

            16.1.3.4. Sales Footprint

            16.1.3.5. Strategy Overview

                16.1.3.5.1. Marketing Strategy

        16.1.4. Marelli Corporation

            16.1.4.1. Overview

            16.1.4.2. Product Portfolio

            16.1.4.3. Profitability by Market Segments

            16.1.4.4. Sales Footprint

            16.1.4.5. Strategy Overview

                16.1.4.5.1. Marketing Strategy

        16.1.5. Samsung SDI Co.

            16.1.5.1. Overview

            16.1.5.2. Product Portfolio

            16.1.5.3. Profitability by Market Segments

            16.1.5.4. Sales Footprint

            16.1.5.5. Strategy Overview

                16.1.5.5.1. Marketing Strategy

        16.1.6. Valeo

            16.1.6.1. Overview

            16.1.6.2. Product Portfolio

            16.1.6.3. Profitability by Market Segments

            16.1.6.4. Sales Footprint

            16.1.6.5. Strategy Overview

                16.1.6.5.1. Marketing Strategy

        16.1.7. Robert Bosch GmbH

            16.1.7.1. Overview

            16.1.7.2. Product Portfolio

            16.1.7.3. Profitability by Market Segments

            16.1.7.4. Sales Footprint

            16.1.7.5. Strategy Overview

                16.1.7.5.1. Marketing Strategy

        16.1.8. Hanon Systems

            16.1.8.1. Overview

            16.1.8.2. Product Portfolio

            16.1.8.3. Profitability by Market Segments

            16.1.8.4. Sales Footprint

            16.1.8.5. Strategy Overview

                16.1.8.5.1. Marketing Strategy

        16.1.9. MAHLE GmbH

            16.1.9.1. Overview

            16.1.9.2. Product Portfolio

            16.1.9.3. Profitability by Market Segments

            16.1.9.4. Sales Footprint

            16.1.9.5. Strategy Overview

                16.1.9.5.1. Marketing Strategy

        16.1.10. Dana Incorporated

            16.1.10.1. Overview

            16.1.10.2. Product Portfolio

            16.1.10.3. Profitability by Market Segments

            16.1.10.4. Sales Footprint

            16.1.10.5. Strategy Overview

                16.1.10.5.1. Marketing Strategy

17. Assumptions & Acronyms Used

18. Research Methodology

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List of Tables

Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033

Table 2: Global Market Value (US$ Million) Forecast by Technology, 2018 to 2033

Table 3: Global Market Value (US$ Million) Forecast by Vehicle Type, 2018 to 2033

Table 4: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 5: North America Market Value (US$ Million) Forecast by Technology, 2018 to 2033

Table 6: North America Market Value (US$ Million) Forecast by Vehicle Type, 2018 to 2033

Table 7: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 8: Latin America Market Value (US$ Million) Forecast by Technology, 2018 to 2033

Table 9: Latin America Market Value (US$ Million) Forecast by Vehicle Type, 2018 to 2033

Table 10: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 11: Europe Market Value (US$ Million) Forecast by Technology, 2018 to 2033

Table 12: Europe Market Value (US$ Million) Forecast by Vehicle Type, 2018 to 2033

Table 13: South Asia & Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 14: South Asia & Pacific Market Value (US$ Million) Forecast by Technology, 2018 to 2033

Table 15: South Asia & Pacific Market Value (US$ Million) Forecast by Vehicle Type, 2018 to 2033

Table 16: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 17: East Asia Market Value (US$ Million) Forecast by Technology, 2018 to 2033

Table 18: East Asia Market Value (US$ Million) Forecast by Vehicle Type, 2018 to 2033

Table 19: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 20: MEA Market Value (US$ Million) Forecast by Technology, 2018 to 2033

Table 21: MEA Market Value (US$ Million) Forecast by Vehicle Type, 2018 to 2033
Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

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List of Charts

Figure 1: Global Market Value (US$ Million) by Technology, 2023 to 2033

Figure 2: Global Market Value (US$ Million) by Vehicle Type, 2023 to 2033

Figure 3: Global Market Value (US$ Million) by Region, 2023 to 2033

Figure 4: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033

Figure 5: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033

Figure 6: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033

Figure 7: Global Market Value (US$ Million) Analysis by Technology, 2018 to 2033

Figure 8: Global Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033

Figure 9: Global Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033

Figure 10: Global Market Value (US$ Million) Analysis by Vehicle Type, 2018 to 2033

Figure 11: Global Market Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033

Figure 12: Global Market Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033

Figure 13: Global Market Attractiveness by Technology, 2023 to 2033

Figure 14: Global Market Attractiveness by Vehicle Type, 2023 to 2033

Figure 15: Global Market Attractiveness by Region, 2023 to 2033

Figure 16: North America Market Value (US$ Million) by Technology, 2023 to 2033

Figure 17: North America Market Value (US$ Million) by Vehicle Type, 2023 to 2033

Figure 18: North America Market Value (US$ Million) by Country, 2023 to 2033

Figure 19: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 20: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 21: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 22: North America Market Value (US$ Million) Analysis by Technology, 2018 to 2033

Figure 23: North America Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033

Figure 24: North America Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033

Figure 25: North America Market Value (US$ Million) Analysis by Vehicle Type, 2018 to 2033

Figure 26: North America Market Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033

Figure 27: North America Market Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033

Figure 28: North America Market Attractiveness by Technology, 2023 to 2033

Figure 29: North America Market Attractiveness by Vehicle Type, 2023 to 2033

Figure 30: North America Market Attractiveness by Country, 2023 to 2033

Figure 31: Latin America Market Value (US$ Million) by Technology, 2023 to 2033

Figure 32: Latin America Market Value (US$ Million) by Vehicle Type, 2023 to 2033

Figure 33: Latin America Market Value (US$ Million) by Country, 2023 to 2033

Figure 34: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 35: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 36: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 37: Latin America Market Value (US$ Million) Analysis by Technology, 2018 to 2033

Figure 38: Latin America Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033

Figure 39: Latin America Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033

Figure 40: Latin America Market Value (US$ Million) Analysis by Vehicle Type, 2018 to 2033

Figure 41: Latin America Market Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033

Figure 42: Latin America Market Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033

Figure 43: Latin America Market Attractiveness by Technology, 2023 to 2033

Figure 44: Latin America Market Attractiveness by Vehicle Type, 2023 to 2033

Figure 45: Latin America Market Attractiveness by Country, 2023 to 2033

Figure 46: Europe Market Value (US$ Million) by Technology, 2023 to 2033

Figure 47: Europe Market Value (US$ Million) by Vehicle Type, 2023 to 2033

Figure 48: Europe Market Value (US$ Million) by Country, 2023 to 2033

Figure 49: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 50: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 51: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 52: Europe Market Value (US$ Million) Analysis by Technology, 2018 to 2033

Figure 53: Europe Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033

Figure 54: Europe Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033

Figure 55: Europe Market Value (US$ Million) Analysis by Vehicle Type, 2018 to 2033

Figure 56: Europe Market Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033

Figure 57: Europe Market Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033

Figure 58: Europe Market Attractiveness by Technology, 2023 to 2033

Figure 59: Europe Market Attractiveness by Vehicle Type, 2023 to 2033

Figure 60: Europe Market Attractiveness by Country, 2023 to 2033

Figure 61: South Asia & Pacific Market Value (US$ Million) by Technology, 2023 to 2033

Figure 62: South Asia & Pacific Market Value (US$ Million) by Vehicle Type, 2023 to 2033

Figure 63: South Asia & Pacific Market Value (US$ Million) by Country, 2023 to 2033

Figure 64: South Asia & Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 65: South Asia & Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 66: South Asia & Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 67: South Asia & Pacific Market Value (US$ Million) Analysis by Technology, 2018 to 2033

Figure 68: South Asia & Pacific Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033

Figure 69: South Asia & Pacific Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033

Figure 70: South Asia & Pacific Market Value (US$ Million) Analysis by Vehicle Type, 2018 to 2033

Figure 71: South Asia & Pacific Market Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033

Figure 72: South Asia & Pacific Market Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033

Figure 73: South Asia & Pacific Market Attractiveness by Technology, 2023 to 2033

Figure 74: South Asia & Pacific Market Attractiveness by Vehicle Type, 2023 to 2033

Figure 75: South Asia & Pacific Market Attractiveness by Country, 2023 to 2033

Figure 76: East Asia Market Value (US$ Million) by Technology, 2023 to 2033

Figure 77: East Asia Market Value (US$ Million) by Vehicle Type, 2023 to 2033

Figure 78: East Asia Market Value (US$ Million) by Country, 2023 to 2033

Figure 79: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 80: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 81: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 82: East Asia Market Value (US$ Million) Analysis by Technology, 2018 to 2033

Figure 83: East Asia Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033

Figure 84: East Asia Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033

Figure 85: East Asia Market Value (US$ Million) Analysis by Vehicle Type, 2018 to 2033

Figure 86: East Asia Market Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033

Figure 87: East Asia Market Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033

Figure 88: East Asia Market Attractiveness by Technology, 2023 to 2033

Figure 89: East Asia Market Attractiveness by Vehicle Type, 2023 to 2033

Figure 90: East Asia Market Attractiveness by Country, 2023 to 2033

Figure 91: MEA Market Value (US$ Million) by Technology, 2023 to 2033

Figure 92: MEA Market Value (US$ Million) by Vehicle Type, 2023 to 2033

Figure 93: MEA Market Value (US$ Million) by Country, 2023 to 2033

Figure 94: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 95: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 96: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 97: MEA Market Value (US$ Million) Analysis by Technology, 2018 to 2033

Figure 98: MEA Market Value Share (%) and BPS Analysis by Technology, 2023 to 2033

Figure 99: MEA Market Y-o-Y Growth (%) Projections by Technology, 2023 to 2033

Figure 100: MEA Market Value (US$ Million) Analysis by Vehicle Type, 2018 to 2033

Figure 101: MEA Market Value Share (%) and BPS Analysis by Vehicle Type, 2023 to 2033

Figure 102: MEA Market Y-o-Y Growth (%) Projections by Vehicle Type, 2023 to 2033

Figure 103: MEA Market Attractiveness by Technology, 2023 to 2033

Figure 104: MEA Market Attractiveness by Vehicle Type, 2023 to 2033

Figure 105: MEA Market Attractiveness by Country, 2023 to 2033

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