Electric Vehicle Battery Thermal Management Systems Market Size Worth USD 30.49 Billion in 2032
The global electric vehicle battery thermal management systems market size was USD 4.70 Billion in 2022 and is expected to register a revenue CAGR of 20.50% during the forecast period, according to latest analysis by Emergen Research. Electric vehicle battery thermal management systems market revenue growth is driven by factors such as rising demand for electric vehicles, increasing adoption of new technologies in lithium-ion batteries, government regulation & incentives, increasing automotive Original Equipment Manufacturers (OEMs), and supplier partnerships and technological advancements. The thermal management of these vehicles affects their performance, reliability, and robustness, among other factors. Electric automobiles need optimal temperatures that are neither too hot nor too cold to function properly. An electric vehicle's battery pack, power electronics, and motor must perform effectively at optimal temperatures. When kept at the proper temperature, the batter...