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EV Thermal System Market Outlook

According to FMI's market analysis report, the demand for thermal control systems for electric vehicles would grow at an annual rate of 21.4% from 2023 to 2033. During this period, the report further predicts the overall valuation is likely to reach US$ 15,600.9 million by 2033, growing from an expected value of US$ 2,243.7 million in 2023.

Based on traction power, heating can severely deplete the batteries in cold conditions, making the thermal systems a very crucial component for EVs. Additionally, the thermal system for electric vehicles has played a significant role in reducing the expense and complexities of operation. According to a study of BEV designs, coupling certain technologies, like heat pumping & collecting, cabin pre-conditioning, refrigerant-cooled batteries, and air coolants, can boost the EV's efficiency.

The participation of significant automakers, including BMW, Fiat, Volkswagen, and Mercedes, is expected to lead to a substantial increase in EV thermal system business. Though Norway, Germany, France, The Netherlands, and the United Kingdom are the biggest contributors to the European market, Germany leads in sales of EV thermal systems.

Key innovations and developments in the recent past by commercial vehicle thermal system manufacturers have fueled the emerging trends in the market. For instance, the Dutch Kendrion Company presented a new thermal control solution on some kind of glass board in the year 2018.

To help EV batteries work better and longer, businesses are further investing in the preparation of enhanced battery cooling systems. Additionally, there has been a fresh requirement of tracking the performance of EV batteries in real time due to the need of managing their average temperature. For illustration, in the year 2019 Robert Bosch GmbH unveiled a brand-new battery management software solution that enables users to remotely control over cloud connection.

Attributes Details
EV Thermal System Market Share (2022) US$ 1,840.6 million
EV Thermal System Market Size Value (2023) US$ 2,243.7 million
EV Thermal System Market Size Value (2033) US$ 15,600.9 million
EV Thermal System Market Growth Rate (2023 to 2033) 21.4%

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Market Historical Analysis (2018 to 2022) Vs. Forecast Outlook (2023 to 2033)

Based on the earlier reports released by FMI, EV thermal management system market size was nearly US$ 1,840.6 million in 2022. In the following years, the overall market is expected to show a growth trajectory of 14.8% increase every year with the growing popularity of EVs. The EV thermal system market was significantly impacted during the pandemic years, as practically all nations chose to shut down all manufacturing facilities.

The rise in the demand for EV thermal systems during the pandemic is a result of federal initiatives to promote electric vehicle growth. The sales of EVs also skyrocketed, as fossil fuel prices, as well as environmental and sustainability concerns, grew after the pandemic years.

Growth and Restrain Trends Observed in the Global Market

Unfortunately, the development of the market is being constrained by elements like the high price of EVs and the difficulty of designing its thermal management components. Government restrictions and rewards would probably play a key role in the success of electric vehicle thermal system component manufacturers' market expansion. Government initiatives to promote the use of EVs have contributed to the market's expansion positively.

Batteries should become less expensive due to the growing sales of EVs, which would further strengthen the EV thermal system market. Even so, it is also crucial that additional loads like cabin cooling and heating controlling parts do not reduce the car's range. Battery-operated EVs have insufficient waste heat energy, hence their supplementary systems must be more effective and precise in their operations.

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Category-wise Insights

Commercial Electric Vehicles to Overtake Passenger Cars Soon in Demand for EV Thermal Systems

The main vehicle type category in the global market for global EV thermal systems is the battery-operated vehicles (BEVs) segment. Almost 78.4% of the revenue generated by the global market comes through passenger electric cars or vehicles. However, the rising sales of commercial electric vehicles in recent years have provided sufficient impetus for the other market segment. During the forecast years, the commercial vehicle segment is expected to grow at a faster rate and overtake the former segment.

The optimal ADAS equipment for commercial ICE as well as EV is HVAC since it is crucial for engine temperature regulation. These factors contribute to the CAGR of nearly 25% that is predicted for this market segment based on system type.

Comparative View of the Adjacent EV Thermal System Market

EV Thermal System Market:

Attributes EV Thermal System Market
CAGR (2023 to 2033) 21.4%
Market Value (2023) US$ 2,243.7 million
Growth Factor Rising demand for cabin temperature management in high-end or luxurious electric vehicles
Future Opportunities Supply of warranty-backed after-sale assistance for automotive thermal system instruments used in EVs
Market Trends Long-term collaboration with reputable and vetted electric vehicle makers in the Asia Pacific

EV Powertrain Market:

Attributes EV Powertrain Market
CAGR (2023 to 2033) 24%
Market Value (2023) US$ 13,035.9 million
Growth Factor Increasing sales of commercial electric vehicles requiring high-performance powertrain
Future Opportunities Improving the technical proficiency and servicing management abilities of present EV consumers
Market Trends To gain clients' trust, sellers are offering more performance warranty period

EV power Module Market:

Attributes EV power Module Market
CAGR (2023 to 2033) 24%
Market Value (2023) US$ 1,955.4 million
Growth Factor To lessen noise and environmental damage, BEVs are growing in popularity.
Future Opportunities Many governments are enacting strict laws to allow only zero-emission vehicles in cities
Market Trends Improving quality and dependable power modules have begun to be used in EV cars.

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Country-wise Insights

The United States EV Thermal System Market to remain dominant for Higher investment in Research and Development

As per the global EV thermal system market analysis report, the United States contributed around US$ 200 million in the year 2022. With over 10.8% on average of the worldwide revenue share, it dominated the global market during the years before 2022.

The EV vehicle thermal system market is expected to be driven by strict pollution laws, as well as rising demand for thermal and interior air conditioning systems in EVs. The progress of the market in the United States can be ascribed to the expansion of the last-mile retail delivery business, and freight transportation.

Germany to Determine the Growth Trends in the European Region

Based on the survey reports, the net demand for EV thermal systems in Germany in the year 2022 was around US$ 147.25 million. During the upcoming years, it is projected to acquire some positive growth trends and reach US$ 1,240 million by the end of 2033. Under the presence of many key players in the EV thermal system industry, the country is anticipated to lead the market in Europe in the coming years as well.

Contrarily, the United Kingdom has emerged as a better-performing region in Europe for electric vehicle thermal systems in the last few years. The United Kingdom market is projected to grow at a faster rate of 19.6% between the years 2023 and 2033. Favorable government regulations to encourage the sales of electric vehicles are poised to render the country lucrative for electric vehicle OEMs.

China and Japan are the Leading Share Holders of the Asia Pacific Market

The top-tier contributors to the Asia Pacific market are nations like China and Japan. The overall sales of EV thermal systems by Chinese companies together are estimated to grow at a rate of 18.7% through 2033.

A reliable and predictable industrial ecosystem in the country has favored such advancement of the China commercial vehicle thermal system market. Owing to the rising need for commercial trucks in Middle Eastern nations, China would have the quickest growth throughout the projection period.

On the other hand, Japan is well known to be a significant competitor to the Chinese EV thermal system market players. In the year 2022, the Japanese EV thermal system manufacturers together generated a revenue of around US$ 55.2 million. According to market experts, this regional market would witness a positive growth trend and cross US$ 460 million by the year 2033.

India to Emerge as a Significant Market in Asia Pacific for Sales of EV Thermal System

Over the last few years, the sales of electric vehicles have increased manifold with government support as well as the effort of private businesses. Also, during the projection period, it is anticipated to register an above-average CAGR of 22.8% over the forecast years. Increased knowledge of thermal management system advantages for electric vehicles in the country is anticipated to fuel regional market expansion.

The primary growth-driving element in the country is the rise in EV adoption, particularly by middle-class families. Additionally, rising sales of EVs as a result of government subsidies and improving infrastructures have also boosted the demand for EV thermal systems.

Key Market Players Are Seeking Standardization of Thermal Management System Components 

Many electric vehicle thermal system businesses are expanding and improving their products for both conventional and electric vehicles in the present market. For example, Mahindra Electric Company in India was able to provide an entirely new heat transfer system for electric vehicles in May 2020. The corporation says that using electric vehicle thermal systems that are liquid-cooled would lower the cost of its automobiles.

Due to the emergence of several new businesses, the overall market is fairly fragmented these days. New market participants in particular are pursuing methods including investments, collaborations, and mergers to gain a competitive advantage. As a result, the standardization of emission regulations and thermal system parameters may present profitable prospects for many regional market players or producers, particularly in emerging nations.

To advance the use of the automotive thermal system for electric vehicles, the key players are engaged in several research and development initiatives. Furthermore, the EV thermal system businesses are willing to advertise these sophisticated and precise controls as a key strategy to penetrate new markets.

As an illustration, Bosch created and improved its intelligent thermal system for battery-operated electric vehicles (BEVs) very early. In 2015, the GaTE project published one of the first businesses to get introduced to the core principle at the Frankfurt Auto Show.

Key Players Profiled in the Market Report

  • BorgWarner Inc.
  • Dana Limited
  • Hanon Systems
  • Valeo SA
  • Denso Corporation
  • Robert Bosch GmbH.
  • Mahle GmbH
  • VOSS Automotive GmbH
  • Modine Manufacturing Company
  • Gentherm
  • CapTherm Systems
  • LG Chem Ltd.
  • Visteon Corporation

Key Segments

By System Type:

  • Heating Ventilation and Air Conditioning (HVAC)
  • Power Train Cooling
  • Fluid Transport
  • Others

By Vehicle Type:

  • Battery Electric Vehicle (BEV)
  • Hybrid Electric Vehicle (HEV)
  • Plug-in Hybrid Electric Vehicle (PHEV)
  • Fuel Cell Electric Vehicle (FCEV)

By Application:

  • Engine Cooling
  • Air Conditioning
  • Heated Steering
  • Waste Heat Recovery
  • Transmission System
  • Heated or Ventilated Seats
  • Others

By Region:

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

Frequently Asked Questions

What was the Historical Size of the EV Thermal System Market?

The market was valued at US$ 1,840.6 million in 2022.

What is the Future Scope of the EV Thermal System Market?

EV thermal system demand is expected to rise at 21.4% CAGR through 2033.

What is the Projected Value of the EV Thermal System Market by 2033?

The global market is predicted to be worth US$ 15,600.9 million by 2033.

What is the Contribution of the United States to the Global EV Thermal System Market?

The United States contributed for almost 10.8% of the global market share in 2022.

What is the Growth Outlook of the EV Thermal System Market in India?

India is currently the key market in Asia and could progress at 22.8% CAGR through 2033.

Table of Content

1. Executive Summary | EV Thermal 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. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

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

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

    4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) 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 System Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By System Type, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By System Type, 2023 to 2033

        5.3.1. Heating Ventilation and Air Conditioning (HVAC)

        5.3.2. Powertrain Cooling

        5.3.3. Fluid Transport

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

    5.5. Absolute $ Opportunity Analysis By System Type, 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) & Volume (Units) Analysis By Vehicle Type, 2018 to 2022

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

        6.3.1. Battery Electric Vehicle

        6.3.2. Hybrid Electric Vehicle

        6.3.3. Plug-in Hybrid Electric Vehicle

    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 Application

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2018 to 2022

    7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2023 to 2033

        7.3.1. Engine Cooling

        7.3.2. Air Conditioning

        7.3.3. Heated Steering

        7.3.4. Waste Heat Recovery

        7.3.5. Transmission System

        7.3.6. Heated/Ventilated Seats

    7.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022

    7.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033

8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel

    8.1. Introduction / Key Findings

    8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Sales Channel, 2018 to 2022

    8.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Sales Channel, 2023 to 2033

        8.3.1. OEM

        8.3.2. Aftermarket

    8.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2018 to 2022

    8.5. Absolute $ Opportunity Analysis By Sales Channel, 2023 to 2033

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

    9.1. Introduction

    9.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022

    9.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033

        9.3.1. North America

        9.3.2. Latin America

        9.3.3. Europe

        9.3.4. Asia Pacific

        9.3.5. MEA

    9.4. Market Attractiveness Analysis By Region

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

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

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

        10.2.1. By Country

            10.2.1.1. USA

            10.2.1.2. Canada

        10.2.2. By System Type

        10.2.3. By Vehicle Type

        10.2.4. By Application

        10.2.5. By Sales Channel

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By System Type

        10.3.3. By Vehicle Type

        10.3.4. By Application

        10.3.5. By Sales Channel

    10.4. Key Takeaways

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

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

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

        11.2.1. By Country

            11.2.1.1. Brazil

            11.2.1.2. Mexico

            11.2.1.3. Rest of Latin America

        11.2.2. By System Type

        11.2.3. By Vehicle Type

        11.2.4. By Application

        11.2.5. By Sales Channel

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By System Type

        11.3.3. By Vehicle Type

        11.3.4. By Application

        11.3.5. By Sales Channel

    11.4. Key Takeaways

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

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

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

        12.2.1. By Country

            12.2.1.1. Germany

            12.2.1.2. United kingdom

            12.2.1.3. France

            12.2.1.4. Spain

            12.2.1.5. Italy

            12.2.1.6. Rest of Europe

        12.2.2. By System Type

        12.2.3. By Vehicle Type

        12.2.4. By Application

        12.2.5. By Sales Channel

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By System Type

        12.3.3. By Vehicle Type

        12.3.4. By Application

        12.3.5. By Sales Channel

    12.4. Key Takeaways

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

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

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

        13.2.1. By Country

            13.2.1.1. China

            13.2.1.2. Japan

            13.2.1.3. South Korea

            13.2.1.4. Singapore

            13.2.1.5. Thailand

            13.2.1.6. Indonesia

            13.2.1.7. Australia

            13.2.1.8. New Zealand

            13.2.1.9. Rest of Asia Pacific

        13.2.2. By System Type

        13.2.3. By Vehicle Type

        13.2.4. By Application

        13.2.5. By Sales Channel

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By System Type

        13.3.3. By Vehicle Type

        13.3.4. By Application

        13.3.5. By Sales Channel

    13.4. Key Takeaways

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

    14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022

    14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033

        14.2.1. By Country

            14.2.1.1. GCC Countries

            14.2.1.2. South Africa

            14.2.1.3. Israel

            14.2.1.4. Rest of MEA

        14.2.2. By System Type

        14.2.3. By Vehicle Type

        14.2.4. By Application

        14.2.5. By Sales Channel

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By System Type

        14.3.3. By Vehicle Type

        14.3.4. By Application

        14.3.5. By Sales Channel

    14.4. Key Takeaways

15. Key Countries Market Analysis

    15.1. USA

        15.1.1. Pricing Analysis

        15.1.2. Market Share Analysis, 2022

            15.1.2.1. By System Type

            15.1.2.2. By Vehicle Type

            15.1.2.3. By Application

            15.1.2.4. By Sales Channel

    15.2. Canada

        15.2.1. Pricing Analysis

        15.2.2. Market Share Analysis, 2022

            15.2.2.1. By System Type

            15.2.2.2. By Vehicle Type

            15.2.2.3. By Application

            15.2.2.4. By Sales Channel

    15.3. Brazil

        15.3.1. Pricing Analysis

        15.3.2. Market Share Analysis, 2022

            15.3.2.1. By System Type

            15.3.2.2. By Vehicle Type

            15.3.2.3. By Application

            15.3.2.4. By Sales Channel

    15.4. Mexico

        15.4.1. Pricing Analysis

        15.4.2. Market Share Analysis, 2022

            15.4.2.1. By System Type

            15.4.2.2. By Vehicle Type

            15.4.2.3. By Application

            15.4.2.4. By Sales Channel

    15.5. Germany

        15.5.1. Pricing Analysis

        15.5.2. Market Share Analysis, 2022

            15.5.2.1. By System Type

            15.5.2.2. By Vehicle Type

            15.5.2.3. By Application

            15.5.2.4. By Sales Channel

    15.6. United kingdom

        15.6.1. Pricing Analysis

        15.6.2. Market Share Analysis, 2022

            15.6.2.1. By System Type

            15.6.2.2. By Vehicle Type

            15.6.2.3. By Application

            15.6.2.4. By Sales Channel

    15.7. France

        15.7.1. Pricing Analysis

        15.7.2. Market Share Analysis, 2022

            15.7.2.1. By System Type

            15.7.2.2. By Vehicle Type

            15.7.2.3. By Application

            15.7.2.4. By Sales Channel

    15.8. Spain

        15.8.1. Pricing Analysis

        15.8.2. Market Share Analysis, 2022

            15.8.2.1. By System Type

            15.8.2.2. By Vehicle Type

            15.8.2.3. By Application

            15.8.2.4. By Sales Channel

    15.9. Italy

        15.9.1. Pricing Analysis

        15.9.2. Market Share Analysis, 2022

            15.9.2.1. By System Type

            15.9.2.2. By Vehicle Type

            15.9.2.3. By Application

            15.9.2.4. By Sales Channel

    15.10. China

        15.10.1. Pricing Analysis

        15.10.2. Market Share Analysis, 2022

            15.10.2.1. By System Type

            15.10.2.2. By Vehicle Type

            15.10.2.3. By Application

            15.10.2.4. By Sales Channel

    15.11. Japan

        15.11.1. Pricing Analysis

        15.11.2. Market Share Analysis, 2022

            15.11.2.1. By System Type

            15.11.2.2. By Vehicle Type

            15.11.2.3. By Application

            15.11.2.4. By Sales Channel

    15.12. South Korea

        15.12.1. Pricing Analysis

        15.12.2. Market Share Analysis, 2022

            15.12.2.1. By System Type

            15.12.2.2. By Vehicle Type

            15.12.2.3. By Application

            15.12.2.4. By Sales Channel

    15.13. Singapore

        15.13.1. Pricing Analysis

        15.13.2. Market Share Analysis, 2022

            15.13.2.1. By System Type

            15.13.2.2. By Vehicle Type

            15.13.2.3. By Application

            15.13.2.4. By Sales Channel

    15.14. Thailand

        15.14.1. Pricing Analysis

        15.14.2. Market Share Analysis, 2022

            15.14.2.1. By System Type

            15.14.2.2. By Vehicle Type

            15.14.2.3. By Application

            15.14.2.4. By Sales Channel

    15.15. Indonesia

        15.15.1. Pricing Analysis

        15.15.2. Market Share Analysis, 2022

            15.15.2.1. By System Type

            15.15.2.2. By Vehicle Type

            15.15.2.3. By Application

            15.15.2.4. By Sales Channel

    15.16. Australia

        15.16.1. Pricing Analysis

        15.16.2. Market Share Analysis, 2022

            15.16.2.1. By System Type

            15.16.2.2. By Vehicle Type

            15.16.2.3. By Application

            15.16.2.4. By Sales Channel

    15.17. New Zealand

        15.17.1. Pricing Analysis

        15.17.2. Market Share Analysis, 2022

            15.17.2.1. By System Type

            15.17.2.2. By Vehicle Type

            15.17.2.3. By Application

            15.17.2.4. By Sales Channel

    15.18. GCC Countries

        15.18.1. Pricing Analysis

        15.18.2. Market Share Analysis, 2022

            15.18.2.1. By System Type

            15.18.2.2. By Vehicle Type

            15.18.2.3. By Application

            15.18.2.4. By Sales Channel

    15.19. South Africa

        15.19.1. Pricing Analysis

        15.19.2. Market Share Analysis, 2022

            15.19.2.1. By System Type

            15.19.2.2. By Vehicle Type

            15.19.2.3. By Application

            15.19.2.4. By Sales Channel

    15.20. Israel

        15.20.1. Pricing Analysis

        15.20.2. Market Share Analysis, 2022

            15.20.2.1. By System Type

            15.20.2.2. By Vehicle Type

            15.20.2.3. By Application

            15.20.2.4. By Sales Channel

16. Market Structure Analysis

    16.1. Competition Dashboard

    16.2. Competition Benchmarking

    16.3. Market Share Analysis of Top Players

        16.3.1. By Regional

        16.3.2. By System Type

        16.3.3. By Vehicle Type

        16.3.4. By Application

        16.3.5. By Sales Channel

17. Competition Analysis

    17.1. Competition Deep Dive

        17.1.1. Robert Bosch GmbH

            17.1.1.1. Overview

            17.1.1.2. Product Portfolio

            17.1.1.3. Profitability by Market Segments

            17.1.1.4. Sales Footprint

            17.1.1.5. Strategy Overview

                17.1.1.5.1. Marketing Strategy

                17.1.1.5.2. Product Strategy

                17.1.1.5.3. Channel Strategy

        17.1.2. BorgWarner Inc.

            17.1.2.1. Overview

            17.1.2.2. Product Portfolio

            17.1.2.3. Profitability by Market Segments

            17.1.2.4. Sales Footprint

            17.1.2.5. Strategy Overview

                17.1.2.5.1. Marketing Strategy

                17.1.2.5.2. Product Strategy

                17.1.2.5.3. Channel Strategy

        17.1.3. Dana Limited

            17.1.3.1. Overview

            17.1.3.2. Product Portfolio

            17.1.3.3. Profitability by Market Segments

            17.1.3.4. Sales Footprint

            17.1.3.5. Strategy Overview

                17.1.3.5.1. Marketing Strategy

                17.1.3.5.2. Product Strategy

                17.1.3.5.3. Channel Strategy

        17.1.4. VOSS Automotive GmbH

            17.1.4.1. Overview

            17.1.4.2. Product Portfolio

            17.1.4.3. Profitability by Market Segments

            17.1.4.4. Sales Footprint

            17.1.4.5. Strategy Overview

                17.1.4.5.1. Marketing Strategy

                17.1.4.5.2. Product Strategy

                17.1.4.5.3. Channel Strategy

        17.1.5. Modine Manufacturing Company

            17.1.5.1. Overview

            17.1.5.2. Product Portfolio

            17.1.5.3. Profitability by Market Segments

            17.1.5.4. Sales Footprint

            17.1.5.5. Strategy Overview

                17.1.5.5.1. Marketing Strategy

                17.1.5.5.2. Product Strategy

                17.1.5.5.3. Channel Strategy

        17.1.6. Denso Corporation

            17.1.6.1. Overview

            17.1.6.2. Product Portfolio

            17.1.6.3. Profitability by Market Segments

            17.1.6.4. Sales Footprint

            17.1.6.5. Strategy Overview

                17.1.6.5.1. Marketing Strategy

                17.1.6.5.2. Product Strategy

                17.1.6.5.3. Channel Strategy

        17.1.7. MAHLE GmbH

            17.1.7.1. Overview

            17.1.7.2. Product Portfolio

            17.1.7.3. Profitability by Market Segments

            17.1.7.4. Sales Footprint

            17.1.7.5. Strategy Overview

                17.1.7.5.1. Marketing Strategy

                17.1.7.5.2. Product Strategy

                17.1.7.5.3. Channel Strategy

        17.1.8. Valeo

            17.1.8.1. Overview

            17.1.8.2. Product Portfolio

            17.1.8.3. Profitability by Market Segments

            17.1.8.4. Sales Footprint

            17.1.8.5. Strategy Overview

                17.1.8.5.1. Marketing Strategy

                17.1.8.5.2. Product Strategy

                17.1.8.5.3. Channel Strategy

        17.1.9. Gentherm

            17.1.9.1. Overview

            17.1.9.2. Product Portfolio

            17.1.9.3. Profitability by Market Segments

            17.1.9.4. Sales Footprint

            17.1.9.5. Strategy Overview

                17.1.9.5.1. Marketing Strategy

                17.1.9.5.2. Product Strategy

                17.1.9.5.3. Channel Strategy

        17.1.10. Hanon Systems

            17.1.10.1. Overview

            17.1.10.2. Product Portfolio

            17.1.10.3. Profitability by Market Segments

            17.1.10.4. Sales Footprint

            17.1.10.5. Strategy Overview

                17.1.10.5.1. Marketing Strategy

                17.1.10.5.2. Product Strategy

                17.1.10.5.3. Channel Strategy

        17.1.11. CapTherm Systems

            17.1.11.1. Overview

            17.1.11.2. Product Portfolio

            17.1.11.3. Profitability by Market Segments

            17.1.11.4. Sales Footprint

            17.1.11.5. Strategy Overview

                17.1.11.5.1. Marketing Strategy

                17.1.11.5.2. Product Strategy

                17.1.11.5.3. Channel Strategy

        17.1.12. LG Chem Ltd.

            17.1.12.1. Overview

            17.1.12.2. Product Portfolio

            17.1.12.3. Profitability by Market Segments

            17.1.12.4. Sales Footprint

            17.1.12.5. Strategy Overview

                17.1.12.5.1. Marketing Strategy

                17.1.12.5.2. Product Strategy

                17.1.12.5.3. Channel Strategy

        17.1.13. Visteon Corporation

            17.1.13.1. Overview

            17.1.13.2. Product Portfolio

            17.1.13.3. Profitability by Market Segments

            17.1.13.4. Sales Footprint

            17.1.13.5. Strategy Overview

                17.1.13.5.1. Marketing Strategy

                17.1.13.5.2. Product Strategy

                17.1.13.5.3. Channel Strategy

18. Assumptions & Acronyms Used

19. Research Methodology

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