EV thermal management system market will touch USD 51,624.7 million at a 5.04% CAGR
Market Analysis The EV thermal management system market will touch USD 51,624.7 million at a 5.04% CAGR in the forecast period 2019- 2025, as per the new market Future (MRFR) report. The automotive EV thermal management system is utilized in diverse applications which include ventilated and heated seats in the car, battery thermal system, and engine cooling. It helps to cut down the thermal load on the car and also helps to efficiently transfer heat. Various factors are fuelling the global EV thermal management system market . According to the recent MRFR market estimates, such factors include growing demand for cars across the globe, major vehicle manufacturers boosting the integration of waste heat recovery system in the cars, rise in environmental concerns, growing need for electric vehicles, increasing integration of HVAC systems in mid segment passenger cars, growing demand for automotive heating and ventilation systems, and government initiativ...