APO Research
Talk to an analyst

APO RESEARCH · REPORT

EV Thermal System

Compare research editions
View pricing & licenses

Selected research

Industry Growth & Trends

Global EV Thermal System Industry Growth and Trends Forecast to 2032

5 May 2026109 pages

Choose your research edition.

Industry ResearchEV Thermal System Industry Research Report 2026123 pages · $2,950 USDIndustry Growth & TrendsGlobal EV Thermal System Industry Growth and Trends Forecast to 2032109 pages · $3,450 USDMarket StructureGlobal EV Thermal System Market by Size, by Type, by Application, by Region, History and Forecast 2021-2032194 pages · $3,950 USDMarket Outlook & Growth OpportunitiesGlobal EV Thermal System Market Outlook and Growth Opportunities 2026194 pages · $4,250 USDMarket Analysis & ForecastGlobal EV Thermal System Market Analysis and Forecast 2026-2032194 pages · $4,950 USD

Market perspective

The global EV Thermal System market was valued at US$ million in 2026 and is projected to reach US$ million by 2032, implying a CAGR of xx% over 2026-2032.

The North America market for EV Thermal System is projected to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026-2032.

The Europe market for EV Thermal System is projected to increase from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026-2032.

Read the full market overview

The Asia Pacific market for EV Thermal System is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.

Leading global manufacturers of EV Thermal System include BorgWarner, Dana Limited, Hanon Systems, Valeo SA, Denso Corporation, Bosch, Mahle GmbH, VOSS Automotive and Modine Manufacturing, among others. In 2025, the top three vendors together accounted for approximately % of global revenue.

Report Scope

This report provides a structured, data-driven view of the global EV Thermal System market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.

The EV Thermal System market size, estimates, and forecasts are presented in terms of sales volume (units) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global EV Thermal System market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to EV Thermal System.

Key Companies & Market Share Insights

This section analyzes the strategies and performance of leading manufacturers in the global EV Thermal System market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.

EV Thermal System Market 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

EV Thermal System Segment by Type

Heating Ventilation and Air Conditioning

Power Train Cooling

Fluid Transport

Others

EV Thermal System Segment by Application

Battery Electric Vehicle

Hybrid Electric Vehicle

Plug-in Hybrid Electric Vehicle

Fuel Cell Electric Vehicle

EV Thermal System Segment by Region

North America

United States

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Spain

Netherlands

Switzerland

Sweden

Poland

Asia-Pacific

China

Japan

South Korea

India

Australia

Taiwan

Southeast Asia

South America

Brazil

Argentina

Chile

Middle East & Africa

Egypt

South Africa

Israel

Türkiye

GCC Countries

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global EV Thermal System market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.

2. This report will help stakeholders to understand the global industry status and trends of EV Thermal System and provides them with information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.

4. This report stays updated with novel technology integration, features, and the latest developments in the market.

5. This report helps stakeholders to gain insights into which regions to target globally.

6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of EV Thermal System.

7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.

Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 3: Detailed analysis of EV Thermal System manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.

Chapter 4: Sales, revenue of EV Thermal System in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.

Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.

Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.

Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.

Chapter 13: Concluding Insights of the report.

More report detail

Tables and figures
List of Tables Table 1. Major Company of Heating Ventilation and Air Conditioning Table 2. Major Company of Power Train Cooling Table 3. Major Company of Fluid Transport Table 4. Major Company of Others Table 5. Global EV Thermal System Sales by Type (2021 VS 2025 VS 2032) & (US$ Million) Table 6. Global EV Thermal System Sales by Type (2021-2026) & (units) Table 7. Global EV Thermal System Sales Market Share in Volume by Type (2021-2026) Table 8. Global EV Thermal System Sales by Type (2021-2026) & (US$ Million) Table 9. Global EV Thermal System Sales Market Share in Value by Type (2021-2026) Table 10. Global EV Thermal System Price by Type (2021-2026) & (USD/unit) Table 11. Global EV Thermal System Sales by Type (2027-2032) & (units) Table 12. Global EV Thermal System Sales Market Share in Volume by Type (2027-2032) Table 13. Global EV Thermal System Sales by Type (2027-2032) & (US$ Million) Table 14. Global EV Thermal System Sales Market Share in Value by Type (2027-2032) Table 15. Global EV Thermal System Price by Type (2027-2032) & (USD/unit) Table 16. North America EV Thermal System Sales by Type (2021-2026) & (units) Table 17. North America EV Thermal System Sales by Type (2021-2026) & (US$ Million) Table 18. Europe EV Thermal System Sales by Type (2021-2026) & (units) Table 19. Europe EV Thermal System Sales by Type (2021-2026) & (US$ Million) Table 20. Asia-Pacific EV Thermal System Sales by Type (2021-2026) & (units) Table 21. Asia-Pacific EV Thermal System Sales by Type (2021-2026) & (US$ Million) Table 22. Latin America EV Thermal System Sales by Type (2021-2026) & (units) Table 23. Latin America EV Thermal System Sales by Type (2021-2026) & (US$ Million) Table 24. Middle East and Africa EV Thermal System Sales by Type (2021-2026) & (units) Table 25. Middle East and Africa EV Thermal System Sales by Type (2021-2026) & (US$ Million) Table 26. EV Thermal System Industry Trends Table 27. EV Thermal System Industry Drivers Table 28. EV Thermal System Industry Opportunities and Challenges Table 29. EV Thermal System Industry Restraints Table 30. Global EV Thermal System Sales Revenue by Company (US$ Million) & (2021-2026) Table 31. Global EV Thermal System Revenue Market Share by Company (2021-2026) Table 32. Global EV Thermal System Sales by Company (2021-2026) & (units) Table 33. Global EV Thermal System Sales Share by Company (2021-2026) Table 34. Global EV Thermal System Market Price by Company (2021-2026) & (USD/unit) Table 35. Global EV Thermal System Industry Company Ranking, 2024 VS 2025 VS 2026 Table 36. Global EV Thermal System Major Company Production Sites and Headquarters Table 37. Global EV Thermal System Company, Product Type & Application Table 38. Global EV Thermal System Company Establishment Date Table 39. Global Company Market Concentration Ratio (CR5 and HHI) Table 40. Global EV Thermal System by Company Type (Tier 1, Tier 2, and Tier 3) & (Based on the Revenue of 2025) Table 41. Global EV Thermal System Market Size Comparison by Region (US$ Million): 2021 VS 2025 VS 2032 Table 42. Global EV Thermal System Sales by Region (2021-2026) & (units) Table 43. Global EV Thermal System Sales Market Share in Volume by Region (2021-2026) Table 44. Global EV Thermal System Sales by Region (2021-2026) & (US$ Million) Table 45. Global EV Thermal System Sales Market Share in Value by Region (2021-2026) Table 46. Global EV Thermal System Sales (units), Value (US$ Million), Price (USD/unit) and Gross Margin (2021-2026) Table 47. Global EV Thermal System Sales by Region (2027-2032) & (units) Table 48. Global EV Thermal System Sales Market Share in Volume by Region (2027-2032) Table 49. Global EV Thermal System Sales by Region (2027-2032) & (US$ Million) Table 50. Global EV Thermal System Sales Market Share in Value by Region (2027-2032) Table 51. Global EV Thermal System Sales (units), Value (US$ Million), Price (USD/unit) and Gross Margin (2027-2032) Table 52. Global EV Thermal System Sales by Application (2021 VS 2025 VS 2032) & (US$ Million) Table 53. Global EV Thermal System Sales by Application (2021-2026) & (units) Table 54. Global EV Thermal System Sales Market Share in Volume by Application (2021-2026) Table 55. Global EV Thermal System Sales by Application (2021-2026) & (US$ Million) Table 56. Global EV Thermal System Sales Market Share in Value by Application (2021-2026) Table 57. Global EV Thermal System Price by Application (2021-2026) & (USD/unit) Table 58. Global EV Thermal System Sales by Application (2027-2032) & (units) Table 59. Global EV Thermal System Sales Market Share in Volume by Application (2027-2032) Table 60. Global EV Thermal System Sales by Application (2027-2032) & (US$ Million) Table 61. Global EV Thermal System Sales Market Share in Value by Application (2027-2032) Table 62. Global EV Thermal System Price by Application (2027-2032) & (USD/unit) Table 63. North America EV Thermal System Sales by Application (2021-2026) & (units) Table 64. North America EV Thermal System Sales by Application (2021-2026) & (US$ Million) Table 65. Europe EV Thermal System Sales by Application (2021-2026) & (units) Table 66. Europe EV Thermal System Sales by Application (2021-2026) & (US$ Million) Table 67. Asia-Pacific EV Thermal System Sales by Application (2021-2026) & (units) Table 68. Asia-Pacific EV Thermal System Sales by Application (2021-2026) & (US$ Million) Table 69. Latin America EV Thermal System Sales by Application (2021-2026) & (units) Table 70. Latin America EV Thermal System Sales by Application (2021-2026) & (US$ Million) Table 71. Middle East and Africa EV Thermal System Sales by Application (2021-2026) & (units) Table 72. Middle East and Africa EV Thermal System Sales by Application (2021-2026) & (US$ Million) Table 73. BorgWarner Company Information Table 74. BorgWarner Business Overview Table 75. BorgWarner EV Thermal System Sales (units), Revenue (US$ Million), Price (USD/unit) and Gross Margin (2021-2026) Table 76. BorgWarner EV Thermal System Product Portfolio Table 77. BorgWarner Recent Development Table 78. Dana Limited Company Information Table 79. Dana Limited Business Overview Table 80. Dana Limited EV Thermal System Sales (units), Revenue (US$ Million), Price (USD/unit) and Gross Margin (2021-2026) Table 81. Dana Limited EV Thermal System Product Portfolio Table 82. Dana Limited Recent Development Table 83. Hanon Systems Company Information Table 84. Hanon Systems Business Overview Table 85. Hanon Systems EV Thermal System Sales (units), Revenue (US$ Million), Price (USD/unit) and Gross Margin (2021-2026) Table 86. Hanon Systems EV Thermal System Product Portfolio Table 87. Hanon Systems Recent Development Table 88. Valeo SA Company Information Table 89. Valeo SA Business Overview Table 90. Valeo SA EV Thermal System Sales (units), Revenue (US$ Million), Price (USD/unit) and Gross Margin (2021-2026) Table 91. Valeo SA EV Thermal System Product Portfolio Table 92. Valeo SA Recent Development Table 93. Denso Corporation Company Information Table 94. Denso Corporation Business Overview Table 95. Denso Corporation EV Thermal System Sales (units), Revenue (US$ Million), Price (USD/unit) and Gross Margin (2021-2026) Table 96. Denso Corporation EV Thermal System Product Portfolio Table 97. Denso Corporation Recent Development Table 98. Bosch Company Information Table 99. Bosch Business Overview Table 100. Bosch EV Thermal System Sales (units), Revenue (US$ Million), Price (USD/unit) and Gross Margin (2021-2026) Table 101. Bosch EV Thermal System Product Portfolio Table 102. Bosch Recent Development Table 103. Mahle GmbH Company Information Table 104. Mahle GmbH Business Overview Table 105. Mahle GmbH EV Thermal System Sales (units), Revenue (US$ Million), Price (USD/unit) and Gross Margin (2021-2026) Table 106. Mahle GmbH EV Thermal System Product Portfolio Table 107. Mahle GmbH Recent Development Table 108. VOSS Automotive Company Information Table 109. VOSS Automotive Business Overview Table 110. VOSS Automotive EV Thermal System Sales (units), Revenue (US$ Million), Price (USD/unit) and Gross Margin (2021-2026) Table 111. VOSS Automotive EV Thermal System Product Portfolio Table 112. VOSS Automotive Recent Development Table 113. Modine Manufacturing Company Information Table 114. Modine Manufacturing Business Overview Table 115. Modine Manufacturing EV Thermal System Sales (units), Revenue (US$ Million), Price (USD/unit) and Gross Margin (2021-2026) Table 116. Modine Manufacturing EV Thermal System Product Portfolio Table 117. Modine Manufacturing Recent Development Table 118. Gentherm Company Information Table 119. Gentherm Business Overview Table 120. Gentherm EV Thermal System Sales (units), Revenue (US$ Million), Price (USD/unit) and Gross Margin (2021-2026) Table 121. Gentherm EV Thermal System Product Portfolio Table 122. Gentherm Recent Development Table 123. CapTherm Systems Company Information Table 124. CapTherm Systems Business Overview Table 125. CapTherm Systems EV Thermal System Sales (units), Revenue (US$ Million), Price (USD/unit) and Gross Margin (2021-2026) Table 126. CapTherm Systems EV Thermal System Product Portfolio Table 127. CapTherm Systems Recent Development Table 128. LG Chem Company Information Table 129. LG Chem Business Overview Table 130. LG Chem EV Thermal System Sales (units), Revenue (US$ Million), Price (USD/unit) and Gross Margin (2021-2026) Table 131. LG Chem EV Thermal System Product Portfolio Table 132. LG Chem Recent Development Table 133. Visteon Corporation Company Information Table 134. Visteon Corporation Business Overview Table 135. Visteon Corporation EV Thermal System Sales (units), Revenue (US$ Million), Price (USD/unit) and Gross Margin (2021-2026) Table 136. Visteon Corporation EV Thermal System Product Portfolio Table 137. Visteon Corporation Recent Development Table 138. North America EV Thermal System Market Size Growth Rate (CAGR) by Country (units): 2021 VS 2025 VS 2032 Table 139. North America EV Thermal System Sales by Country (2021-2026) & (units) Table 140. North America EV Thermal System Sales Market Share by Country (2021-2026) Table 141. North America EV Thermal System Sales Forecast by Country (2027-2032) & (units) Table 142. North America EV Thermal System Sales Market Share Forecast by Country (2027-2032) Table 143. North America EV Thermal System Market Size Growth Rate (CAGR) by Country (US$ Million): 2021 VS 2025 VS 2032 Table 144. North America EV Thermal System Market Size by Country (2021-2026) & (US$ Million) Table 145. North America EV Thermal System Market Share by Country (2021-2026) Table 146. North America EV Thermal System Market Size Forecast by Country (2027-2032) & (US$ Million) Table 147. North America EV Thermal System Market Share Forecast by Country (2027-2032) Table 148. Europe EV Thermal System Market Size Growth Rate (CAGR) by Country (units): 2021 VS 2025 VS 2032 Table 149. Europe EV Thermal System Sales by Country (2021-2026) & (units) Table 150. Europe EV Thermal System Sales Market Share by Country (2021-2026) Table 151. Europe EV Thermal System Sales Forecast by Country (2027-2032) & (units) Table 152. Europe EV Thermal System Sales Market Share Forecast by Country (2027-2032) Table 153. Europe EV Thermal System Market Size Growth Rate (CAGR) by Country (US$ Million): 2021 VS 2025 VS 2032 Table 154. Europe EV Thermal System Market Size by Country (2021-2026) & (US$ Million) Table 155. Europe EV Thermal System Market Share by Country (2021-2026) Table 156. Europe EV Thermal System Market Size Forecast by Country (2027-2032) & (US$ Million) Table 157. Europe EV Thermal System Market Share Forecast by Country (2027-2032) Table 158. Asia-Pacific EV Thermal System Market Size Growth Rate (CAGR) by Country (units): 2021 VS 2025 VS 2032 Table 159. Asia-Pacific EV Thermal System Sales by Country (2021-2026) & (units) Table 160. Asia-Pacific EV Thermal System Sales Market Share by Country (2021-2026) Table 161. Asia-Pacific EV Thermal System Sales Forecast by Country (2027-2032) & (units) Table 162. Asia-Pacific EV Thermal System Sales Market Share Forecast by Country (2027-2032) Table 163. Asia-Pacific EV Thermal System Market Size Growth Rate (CAGR) by Country (US$ Million): 2021 VS 2025 VS 2032 Table 164. Asia-Pacific EV Thermal System Market Size by Country (2021-2026) & (US$ Million) Table 165. Asia-Pacific EV Thermal System Market Share by Country (2021-2026) Table 166. Asia-Pacific EV Thermal System Market Size Forecast by Country (2027-2032) & (US$ Million) Table 167. Asia-Pacific EV Thermal System Market Share Forecast by Country (2027-2032) Table 168. Latin America EV Thermal System Market Size Growth Rate (CAGR) by Country (units): 2021 VS 2025 VS 2032 Table 169. Latin America EV Thermal System Sales by Country (2021-2026) & (units) Table 170. Latin America EV Thermal System Sales Market Share by Country (2021-2026) Table 171. Latin America EV Thermal System Sales Forecast by Country (2027-2032) & (units) Table 172. Latin America EV Thermal System Sales Market Share Forecast by Country (2027-2032) Table 173. Latin America EV Thermal System Market Size Growth Rate (CAGR) by Country (US$ Million): 2021 VS 2025 VS 2032 Table 174. Latin America EV Thermal System Market Size by Country (2021-2026) & (US$ Million) Table 175. Latin America EV Thermal System Market Share by Country (2021-2026) Table 176. Latin America EV Thermal System Market Size Forecast by Country (2027-2032) & (US$ Million) Table 177. Latin America EV Thermal System Market Share Forecast by Country (2027-2032) Table 178. Middle East and Africa EV Thermal System Market Size Growth Rate (CAGR) by Country (units): 2021 VS 2025 VS 2032 Table 179. Middle East and Africa EV Thermal System Sales by Country (2021-2026) & (units) Table 180. Middle East and Africa EV Thermal System Sales Market Share by Country (2021-2026) Table 181. Middle East and Africa EV Thermal System Sales Forecast by Country (2027-2032) & (units) Table 182. Middle East and Africa EV Thermal System Sales Market Share Forecast by Country (2027-2032) Table 183. Middle East and Africa EV Thermal System Market Size Growth Rate (CAGR) by Country (US$ Million): 2021 VS 2025 VS 2032 Table 184. Middle East and Africa EV Thermal System Market Size by Country (2021-2026) & (US$ Million) Table 185. Middle East and Africa EV Thermal System Market Share by Country (2021-2026) Table 186. Middle East and Africa EV Thermal System Market Size Forecast by Country (2027-2032) & (US$ Million) Table 187. Middle East and Africa EV Thermal System Market Share Forecast by Country (2027-2032) Table 188. Key Raw Materials Table 189. Raw Materials Key Suppliers Table 190. EV Thermal System Distributors List Table 191. EV Thermal System Customers List Table 192. Research Programs/Design for This Report Table 193. Authors List of This Report Table 194. Secondary Sources Table 195. Primary Sources List of Figures Figure 1. EV Thermal System Image Figure 2. Global EV Thermal System Market Size (US$ Million), 2021 VS 2025 VS 2032 Figure 3. Global EV Thermal System Market Size (2021-2032) & (US$ Million) Figure 4. Global EV Thermal System Sales (2021-2032) & (units) Figure 5. Heating Ventilation and Air Conditioning Image Figure 6. Global Heating Ventilation and Air Conditioning Sales YoY Growth (2021-2032) & (units) Figure 7. Power Train Cooling Image Figure 8. Global Power Train Cooling Sales YoY Growth (2021-2032) & (units) Figure 9. Fluid Transport Image Figure 10. Global Fluid Transport Sales YoY Growth (2021-2032) & (units) Figure 11. Others Image Figure 12. Global Others Sales YoY Growth (2021-2032) & (units) Figure 13. Global EV Thermal System Market Size Overview by Type (2021-2032) & (US$ Million) Figure 14. Global EV Thermal System Market Share by Type 2025 VS 2032 Figure 15. North America EV Thermal System Sales Market Share in Volume by Type in 2025 Figure 16. North America EV Thermal System Sales Market Share in Value by Type in 2025 Figure 17. Europe EV Thermal System Sales Market Share in Volume by Type in 2025 Figure 18. Europe EV Thermal System Sales Market Share in Value by Type in 2025 Figure 19. Asia-Pacific EV Thermal System Sales Market Share in Volume by Type in 2025 Figure 20. Asia-Pacific EV Thermal System Sales Market Share in Value by Type in 2025 Figure 21. Latin America EV Thermal System Sales Market Share in Volume by Type in 2025 Figure 22. Latin America EV Thermal System Sales Market Share in Value by Type in 2025 Figure 23. Middle East and Africa EV Thermal System Sales Market Share in Volume by Type in 2025 Figure 24. Middle East and Africa EV Thermal System Sales Market Share in Value by Type in 2025 Figure 25. Global Top 5 and 10 EV Thermal System Players Market Share by Revenue in 2025 Figure 26. Company Type (Tier 1, Tier 2, and Tier 3): 2021 VS 2025 Figure 27. Battery Electric Vehicle Image Figure 28. Global Battery Electric Vehicle Sales YoY Growth (2021-2032) & (units) Figure 29. Hybrid Electric Vehicle Image Figure 30. Global Hybrid Electric Vehicle Sales YoY Growth (2021-2032) & (units) Figure 31. Plug-in Hybrid Electric Vehicle Image Figure 32. Global Plug-in Hybrid Electric Vehicle Sales YoY Growth (2021-2032) & (units) Figure 33. Fuel Cell Electric Vehicle Image Figure 34. Global Fuel Cell Electric Vehicle Sales YoY Growth (2021-2032) & (units) Figure 35. Global EV Thermal System Market Size Overview by Application (2021-2032) & (US$ Million) Figure 36. Global EV Thermal System Market Share by Application 2025 VS 2032 Figure 37. North America EV Thermal System Sales Market Share in Volume by Application in 2025 Figure 38. North America EV Thermal System Sales Market Share in Value by Application in 2025 Figure 39. Europe EV Thermal System Sales Market Share in Volume by Application in 2025 Figure 40. Europe EV Thermal System Sales Market Share in Value by Application in 2025 Figure 41. Asia-Pacific EV Thermal System Sales Market Share in Volume by Application in 2025 Figure 42. Asia-Pacific EV Thermal System Sales Market Share in Value by Application in 2025 Figure 43. Latin America EV Thermal System Sales Market Share in Volume by Application in 2025 Figure 44. Latin America EV Thermal System Sales Market Share in Value by Application in 2025 Figure 45. Middle East and Africa EV Thermal System Sales Market Share in Volume by Application in 2025 Figure 46. Middle East and Africa EV Thermal System Sales Market Share in Value by Application in 2025 Figure 47. North America EV Thermal System Sales by Country: 2021 VS 2025 VS 2032 (units) Figure 48. North America EV Thermal System Sales Share by Country: 2021 VS 2025 VS 2032 Figure 49. North America EV Thermal System Market Size by Country: 2021 VS 2025 VS 2032 (US$ Million) Figure 50. North America EV Thermal System Market Share by Country: 2021 VS 2025 VS 2032 Figure 51. Europe EV Thermal System Sales by Country: 2021 VS 2025 VS 2032 (units) Figure 52. Europe EV Thermal System Sales Share by Country: 2021 VS 2025 VS 2032 Figure 53. Europe EV Thermal System Market Size by Country: 2021 VS 2025 VS 2032 (US$ Million) Figure 54. Europe EV Thermal System Market Share by Country: 2021 VS 2025 VS 2032 Figure 55. Asia-Pacific EV Thermal System Sales by Country: 2021 VS 2025 VS 2032 (units) Figure 56. Asia-Pacific EV Thermal System Sales Share by Country: 2021 VS 2025 VS 2032 Figure 57. Asia-Pacific EV Thermal System Market Size by Country: 2021 VS 2025 VS 2032 (US$ Million) Figure 58. Asia-Pacific EV Thermal System Market Share by Country: 2021 VS 2025 VS 2032 Figure 59. Latin America EV Thermal System Sales by Country: 2021 VS 2025 VS 2032 (units) Figure 60. Latin America EV Thermal System Sales Share by Country: 2021 VS 2025 VS 2032 Figure 61. Latin America EV Thermal System Market Size by Country: 2021 VS 2025 VS 2032 (US$ Million) Figure 62. Latin America EV Thermal System Market Share by Country: 2021 VS 2025 VS 2032 Figure 63. Middle East and Africa EV Thermal System Sales by Country: 2021 VS 2025 VS 2032 (units) Figure 64. Middle East and Africa EV Thermal System Sales Share by Country: 2021 VS 2025 VS 2032 Figure 65. Middle East and Africa EV Thermal System Market Size by Country: 2021 VS 2025 VS 2032 (US$ Million) Figure 66. Middle East and Africa EV Thermal System Market Share by Country: 2021 VS 2025 VS 2032 Figure 67. EV Thermal System Value Chain Figure 68. Key Raw Materials Price Figure 69. Manufacturing Cost Structure Figure 70. EV Thermal System Production Mode & Process Figure 71. Direct Comparison with Distribution Share Figure 72. Distributors Profiles Figure 73. Years Considered Figure 74. Research Process Figure 75. Key Executives Interviewed

Scope & coverage.

Types
  • Heating Ventilation and Air Conditioning
  • Power Train Cooling
  • Fluid Transport
  • Others
Applications
  • Battery Electric Vehicle
  • Hybrid Electric Vehicle
  • Plug-in Hybrid Electric Vehicle
  • Fuel Cell Electric Vehicle
Companies covered
  • BorgWarner
  • Dana Limited
  • Hanon Systems
  • Valeo SA
  • Denso Corporation
  • Bosch
  • Mahle GmbH
  • VOSS Automotive
  • Modine Manufacturing
  • Gentherm
  • CapTherm Systems
  • LG Chem
  • Visteon Corporation

Inside the report.

1 Market Overview
  1. 1.1 Product Definition
  2. 1.2 Global Market Growth Prospects
  3. 1.2.1 Global EV Thermal System Market Size Estimates and Forecasts (2021-2032)
  4. 1.2.2 Global EV Thermal System Sales Estimates and Forecasts (2021-2032)
  5. 1.3 EV Thermal System Market by Type
  6. 1.3.1 Heating Ventilation and Air Conditioning
  7. 1.3.2 Power Train Cooling
  8. 1.3.3 Fluid Transport
  9. 1.3.4 Others
  10. 1.4 Global EV Thermal System Market Size by Type
  11. 1.4.1 Global EV Thermal System Market Size Overview by Type (2021-2032)
  12. 1.4.2 Global EV Thermal System Historic Market Size Review by Type (2021-2026)
  13. 1.4.3 Global EV Thermal System Forecasted Market Size by Type (2027-2032)
  14. 1.5 Key Regions Market Size by Type
  15. 1.5.1 North America EV Thermal System Sales Breakdown by Type (2021-2026)
  16. 1.5.2 Europe EV Thermal System Sales Breakdown by Type (2021-2026)
  17. 1.5.3 Asia-Pacific EV Thermal System Sales Breakdown by Type (2021-2026)
  18. 1.5.4 South America EV Thermal System Sales Breakdown by Type (2021-2026)
  19. 1.5.5 Middle East and Africa EV Thermal System Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
  1. 2.1 EV Thermal System Industry Trends
  2. 2.2 EV Thermal System Industry Drivers
  3. 2.3 EV Thermal System Industry Opportunities and Challenges
  4. 2.4 EV Thermal System Industry Restraints
3 Market Competitive Landscape by Company
  1. 3.1 Global Top Players by EV Thermal System Revenue (2021-2026)
  2. 3.2 Global Top Players by EV Thermal System Sales (2021-2026)
  3. 3.3 Global Top Players by EV Thermal System Price (2021-2026)
  4. 3.4 Global EV Thermal System Industry Company Ranking, 2024 VS 2025 VS 2026
  5. 3.5 Global EV Thermal System Major Company Production Sites & Headquarters
  6. 3.6 Global EV Thermal System Company, Product Type & Application
  7. 3.7 Global EV Thermal System Company Establishment Date
  8. 3.8 Market Competitive Analysis
  9. 3.8.1 Global EV Thermal System Market CR5 and HHI
  10. 3.8.2 Global Top 5 and 10 EV Thermal System Players Market Share by Revenue in 2025
  11. 3.8.3 2025 EV Thermal System Tier 1, Tier 2, and Tier 3
4 EV Thermal System Regional Status and Outlook
  1. 4.1 Global EV Thermal System Market Size and CAGR by Region: 2021 VS 2025 VS 2032
  2. 4.2 Global EV Thermal System Historic Market Size by Region
  3. 4.2.1 Global EV Thermal System Sales in Volume by Region (2021-2026)
  4. 4.2.2 Global EV Thermal System Sales in Value by Region (2021-2026)
  5. 4.2.3 Global EV Thermal System Sales (Volume & Value), Price and Gross Margin (2021-2026)
  6. 4.3 Global EV Thermal System Forecasted Market Size by Region
  7. 4.3.1 Global EV Thermal System Sales in Volume by Region (2027-2032)
  8. 4.3.2 Global EV Thermal System Sales in Value by Region (2027-2032)
  9. 4.3.3 Global EV Thermal System Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 EV Thermal System by Application
  1. 5.1 EV Thermal System Market by Application
  2. 5.1.1 Battery Electric Vehicle
  3. 5.1.2 Hybrid Electric Vehicle
  4. 5.1.3 Plug-in Hybrid Electric Vehicle
  5. 5.1.4 Fuel Cell Electric Vehicle
  6. 5.2 Global EV Thermal System Market Size by Application
  7. 5.2.1 Global EV Thermal System Market Size Overview by Application (2021-2032)
  8. 5.2.2 Global EV Thermal System Historic Market Size Review by Application (2021-2026)
  9. 5.2.3 Global EV Thermal System Forecasted Market Size by Application (2027-2032)
  10. 5.3 Key Regions Market Size by Application
  11. 5.3.1 North America EV Thermal System Sales Breakdown by Application (2021-2026)
  12. 5.3.2 Europe EV Thermal System Sales Breakdown by Application (2021-2026)
  13. 5.3.3 Asia-Pacific EV Thermal System Sales Breakdown by Application (2021-2026)
  14. 5.3.4 South America EV Thermal System Sales Breakdown by Application (2021-2026)
  15. 5.3.5 Middle East and Africa EV Thermal System Sales Breakdown by Application (2021-2026)
6 Company Profiles
  1. 6.1 BorgWarner
  2. 6.1.1 BorgWarner Company Information
  3. 6.1.2 BorgWarner Business Overview
  4. 6.1.3 BorgWarner EV Thermal System Sales, Revenue and Gross Margin (2021-2026)
  5. 6.1.4 BorgWarner EV Thermal System Product Portfolio
  6. 6.1.5 BorgWarner Recent Developments
  7. 6.2 Dana Limited
  8. 6.2.1 Dana Limited Company Information
  9. 6.2.2 Dana Limited Business Overview
  10. 6.2.3 Dana Limited EV Thermal System Sales, Revenue and Gross Margin (2021-2026)
  11. 6.2.4 Dana Limited EV Thermal System Product Portfolio
  12. 6.2.5 Dana Limited Recent Developments
  13. 6.3 Hanon Systems
  14. 6.3.1 Hanon Systems Company Information
  15. 6.3.2 Hanon Systems Business Overview
  16. 6.3.3 Hanon Systems EV Thermal System Sales, Revenue and Gross Margin (2021-2026)
  17. 6.3.4 Hanon Systems EV Thermal System Product Portfolio
  18. 6.3.5 Hanon Systems Recent Developments
  19. 6.4 Valeo SA
  20. 6.4.1 Valeo SA Company Information
  21. 6.4.2 Valeo SA Business Overview
  22. 6.4.3 Valeo SA EV Thermal System Sales, Revenue and Gross Margin (2021-2026)
  23. 6.4.4 Valeo SA EV Thermal System Product Portfolio
  24. 6.4.5 Valeo SA Recent Developments
  25. 6.5 Denso Corporation
  26. 6.5.1 Denso Corporation Company Information
  27. 6.5.2 Denso Corporation Business Overview
  28. 6.5.3 Denso Corporation EV Thermal System Sales, Revenue and Gross Margin (2021-2026)
  29. 6.5.4 Denso Corporation EV Thermal System Product Portfolio
  30. 6.5.5 Denso Corporation Recent Developments
  31. 6.6 Bosch
  32. 6.6.1 Bosch Company Information
  33. 6.6.2 Bosch Business Overview
  34. 6.6.3 Bosch EV Thermal System Sales, Revenue and Gross Margin (2021-2026)
  35. 6.6.4 Bosch EV Thermal System Product Portfolio
  36. 6.6.5 Bosch Recent Developments
  37. 6.7 Mahle GmbH
  38. 6.7.1 Mahle GmbH Company Information
  39. 6.7.2 Mahle GmbH Business Overview
  40. 6.7.3 Mahle GmbH EV Thermal System Sales, Revenue and Gross Margin (2021-2026)
  41. 6.7.4 Mahle GmbH EV Thermal System Product Portfolio
  42. 6.7.5 Mahle GmbH Recent Developments
  43. 6.8 VOSS Automotive
  44. 6.8.1 VOSS Automotive Company Information
  45. 6.8.2 VOSS Automotive Business Overview
  46. 6.8.3 VOSS Automotive EV Thermal System Sales, Revenue and Gross Margin (2021-2026)
  47. 6.8.4 VOSS Automotive EV Thermal System Product Portfolio
  48. 6.8.5 VOSS Automotive Recent Developments
  49. 6.9 Modine Manufacturing
  50. 6.9.1 Modine Manufacturing Company Information
  51. 6.9.2 Modine Manufacturing Business Overview
  52. 6.9.3 Modine Manufacturing EV Thermal System Sales, Revenue and Gross Margin (2021-2026)
  53. 6.9.4 Modine Manufacturing EV Thermal System Product Portfolio
  54. 6.9.5 Modine Manufacturing Recent Developments
  55. 6.10 Gentherm
  56. 6.10.1 Gentherm Company Information
  57. 6.10.2 Gentherm Business Overview
  58. 6.10.3 Gentherm EV Thermal System Sales, Revenue and Gross Margin (2021-2026)
  59. 6.10.4 Gentherm EV Thermal System Product Portfolio
  60. 6.10.5 Gentherm Recent Developments
  61. 6.11 CapTherm Systems
  62. 6.11.1 CapTherm Systems Company Information
  63. 6.11.2 CapTherm Systems Business Overview
  64. 6.11.3 CapTherm Systems EV Thermal System Sales, Revenue and Gross Margin (2021-2026)
  65. 6.11.4 CapTherm Systems EV Thermal System Product Portfolio
  66. 6.11.5 CapTherm Systems Recent Developments
  67. 6.12 LG Chem
  68. 6.12.1 LG Chem Company Information
  69. 6.12.2 LG Chem Business Overview
  70. 6.12.3 LG Chem EV Thermal System Sales, Revenue and Gross Margin (2021-2026)
  71. 6.12.4 LG Chem EV Thermal System Product Portfolio
  72. 6.12.5 LG Chem Recent Developments
  73. 6.13 Visteon Corporation
  74. 6.13.1 Visteon Corporation Company Information
  75. 6.13.2 Visteon Corporation Business Overview
  76. 6.13.3 Visteon Corporation EV Thermal System Sales, Revenue and Gross Margin (2021-2026)
  77. 6.13.4 Visteon Corporation EV Thermal System Product Portfolio
  78. 6.13.5 Visteon Corporation Recent Developments
7 North America by Country
  1. 7.1 North America EV Thermal System Sales by Country
  2. 7.1.1 North America EV Thermal System Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  3. 7.1.2 North America EV Thermal System Sales by Country (2021-2026)
  4. 7.1.3 North America EV Thermal System Sales Forecast by Country (2027-2032)
  5. 7.2 North America EV Thermal System Market Size by Country
  6. 7.2.1 North America EV Thermal System Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  7. 7.2.2 North America EV Thermal System Market Size by Country (2021-2026)
  8. 7.2.3 North America EV Thermal System Market Size Forecast by Country (2027-2032)
8 Europe by Country
  1. 8.1 Europe EV Thermal System Sales by Country
  2. 8.1.1 Europe EV Thermal System Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  3. 8.1.2 Europe EV Thermal System Sales by Country (2021-2026)
  4. 8.1.3 Europe EV Thermal System Sales Forecast by Country (2027-2032)
  5. 8.2 Europe EV Thermal System Market Size by Country
  6. 8.2.1 Europe EV Thermal System Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  7. 8.2.2 Europe EV Thermal System Market Size by Country (2021-2026)
  8. 8.2.3 Europe EV Thermal System Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
  1. 9.1 Asia-Pacific EV Thermal System Sales by Country
  2. 9.1.1 Asia-Pacific EV Thermal System Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  3. 9.1.2 Asia-Pacific EV Thermal System Sales by Country (2021-2026)
  4. 9.1.3 Asia-Pacific EV Thermal System Sales Forecast by Country (2027-2032)
  5. 9.2 Asia-Pacific EV Thermal System Market Size by Country
  6. 9.2.1 Asia-Pacific EV Thermal System Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  7. 9.2.2 Asia-Pacific EV Thermal System Market Size by Country (2021-2026)
  8. 9.2.3 Asia-Pacific EV Thermal System Market Size Forecast by Country (2027-2032)
10 South America by Country
  1. 10.1 South America EV Thermal System Sales by Country
  2. 10.1.1 South America EV Thermal System Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  3. 10.1.2 South America EV Thermal System Sales by Country (2021-2026)
  4. 10.1.3 South America EV Thermal System Sales Forecast by Country (2027-2032)
  5. 10.2 South America EV Thermal System Market Size by Country
  6. 10.2.1 South America EV Thermal System Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  7. 10.2.2 South America EV Thermal System Market Size by Country (2021-2026)
  8. 10.2.3 South America EV Thermal System Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
  1. 11.1 Middle East and Africa EV Thermal System Sales by Country
  2. 11.1.1 Middle East and Africa EV Thermal System Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  3. 11.1.2 Middle East and Africa EV Thermal System Sales by Country (2021-2026)
  4. 11.1.3 Middle East and Africa EV Thermal System Sales Forecast by Country (2027-2032)
  5. 11.2 Middle East and Africa EV Thermal System Market Size by Country
  6. 11.2.1 Middle East and Africa EV Thermal System Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
  7. 11.2.2 Middle East and Africa EV Thermal System Market Size by Country (2021-2026)
  8. 11.2.3 Middle East and Africa EV Thermal System Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
  1. 12.1 EV Thermal System Value Chain Analysis
  2. 12.1.1 EV Thermal System Key Raw Materials
  3. 12.1.2 Key Raw Materials Price
  4. 12.1.3 Raw Materials Key Suppliers
  5. 12.1.4 Manufacturing Cost Structure
  6. 12.1.5 EV Thermal System Production Mode & Process
  7. 12.2 EV Thermal System Sales Channels Analysis
  8. 12.2.1 Direct Comparison with Distribution Share
  9. 12.2.2 EV Thermal System Distributors
  10. 12.2.3 EV Thermal System Customers
13 Concluding Insights
    14 Appendix
    1. 14.1 Reasons for Doing This Study
    2. 14.2 Research Methodology
    3. 14.3 Research Process
    4. 14.4 Authors List of This Report
    5. 14.5 Data Source
    6. 14.5.1 Secondary Sources
    7. 14.5.2 Primary Sources
    8. 14.6 Disclaimer

    GET THE RESEARCH

    Choose your license.

    Choose who needs access.
    All options are for this report and research series.

    Compare access permissions.

    Single User License
    One named user. Individual access.
    Multi User License
    Up to 5 users in the same department.
    Enterprise License
    Organization-wide access within the agreed license.

    Access applies to the purchased edition. Later editions are separate purchases.

    License options
    $3,450USD
    Buy now

    PDF by email within 3–5 working days after payment confirmation.

    Talk to an analyst
    APO Research
    Talk to an analyst