Global Electric Vehicle Thermal Management System Market was valued at USD 10.70 Bn in 2019 and is expected to reach USD XX.27 Bn by 2027 at a CAGR of XX.43% over the forecast period.
Global Electric Vehicle Thermal Management System Market
The report covers an in-depth analysis of COVID 19 pandemic impact on Global Electric Vehicle Thermal Management System Market by region and on the key players’ revenue affected till April 2020 and expected short term and long-term impact on the market.
Global Electric Vehicle Thermal Management System Market Dynamics;
The performance of the vehicle can fluctuate greatly depending on how warm or cool it is, and cases of serious overheating can also be a severe safety concern. Electric vehicles (EVs) need highly optimized thermal management systems to improve performance. EV thermal management systems are more complex and typically allow various alternative modes of operation that can be selected based on driving and ambient conditions. A good system simulation tool can greatly reduce the time and expense for developing these complex systems. Various factors such as stringent emission norms, government policies, and subsidies favouring electric vehicle infrastructure, increasing OEMs focus on safety, convenience, and comfort systems in vehicles and advancements in mobility solutions are driving the global electric vehicle thermal management system market over the forecast period.