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Electric Vehicle Thermal Management System Market Trends Forecast 2028
By: Delvens PVT LTD
Electric Vehicle Thermal Management System (EVTMS) refers to the thermal management which are used in electric vehicles (EVs) in order to maintain the heating temperature of the batteries used in these automobiles. Since batteries are used to provide power to the motors for the movement of the vehicle and therefore, the vehicle movement is entirely dependent on battery health. Hence, the need to control the battery heat becomes essential for the proper operation of electric vehicle.
Improvised infrastructure of the various regions along with the advancement in technology are some of the factors that have supported long-term expansion for Electric Vehicle Thermal Management System (EVTMS) Market.
COVID-19 had a positive effect on the market, as people got more concerned about the issue of global warming.
APAC is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the increased investment and raised manufacturing of electric vehicle in the region.
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Electric Vehicle Thermal Management System (EVTMS) Market is segmented into Battery Capacity, Vehicle Type, Battery Type, Propulsion, Technology and region.
On the basis of Battery Type
On the basis of Vehicle Type
On the basis of Battery Capacity
On the basis of Propulsion
On the basis of Technology
On the basis of Region