Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3.17 Billion | USD 11.92 Billion | 15.85% | 2023 |
FrequentlyAsked Questions
An EV battery pack cooling system is a key part of designing electric vehicle used for maintaining the temperature of pack in a particular range.
The global EV battery pack cooling system market growth over forecast period can be owing to surging emphasis on sustainability of EV batteries.
According to a study, the global EV battery pack cooling system industry size was $3.17 billion in 2023 and is projected to reach $11.92 billion by the end of 2032.
The global EV battery pack cooling system market is anticipated to record a CAGR of nearly 15.85% from 2024 to 2032.
European EV battery pack cooling system industry is set to register the fastest CAGR over the forecasting timeline owing to rise in the presence of key product manufacturers in the countries such as the UK, France, Belgium, and Germany. Furthermore, favorable government schemes supporting the use of the product will drive the industry growth in the continent. Growing renewable energy trends is expected to spearhead the growth of the industry in the region.
The global EV battery pack cooling system market is led by players such as MAHLE GmbH, Boyd Corporation, Kreisel Electric, RIGID HVAC, VOSS Automotive, Inc., Modine Manufacturing Company, XING Mobility, TotalEnergies SA, Vikas Group, Hanon Systems, Dana Limited, Miba AG, Webasto Group, Valeo, and E-MERSIV.
The global EV battery pack cooling system market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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