Industry: Automobile & Transportation
Published Date: 2025-11-02
Pages: 94 Pages
Report ld: 4697969
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New Energy Vehicle Thermal Management System Market Size(US$)

CAGR 2025-2031
10.9%
Market Size,2031
USD 2,630
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global New Energy Vehicle Thermal Management System market size was US$ 1350 million in 2024 and is forecast to a readjusted size of US$ 2630 million by 2031 with a CAGR of 10.9% during the forecast period 2025-2031.
By 2025, the evolving U.S. tariff policy is poised to inject considerable uncertainty into the global economic landscape. This report delves into the latest U.S. tariff measures and the corresponding policy responses across the globe, evaluating their impacts on New Energy Vehicle Thermal Management System market competitiveness, regional economic performance, and supply chain configurations.
The new energy vehicle thermal management system is a comprehensive system designed to manage the operating temperature of batteries, motors and electronic devices in electric vehicles (EVs), plug-in hybrid electric vehicles (PHEVs) and other new energy vehicles. The system precisely controls the operating temperature of these key components to ensure that they maintain optimal performance, extend service life and improve safety under different environmental conditions.
The new energy vehicle thermal management system usually includes cooling and heating functions, and the technologies used may involve air cooling, liquid cooling, heat pump systems or phase change materials. Its main goals are to prevent the battery from overheating or overcooling, maintain the motor and its controller operating within an efficient temperature range, and optimize the efficiency of the in-vehicle air conditioning system to improve passenger comfort.
The development trend of thermal management systems for new energy vehicles is moving towards higher energy efficiency, automation, and integrated design, while using new materials and environmentally friendly refrigerants to improve performance and reduce environmental impact. In the future, the system will optimize the operating temperature of batteries, motors, and electronic devices through real-time monitoring and automatic adjustment strategies, quickly charge, and use vehicle networking technology to provide personalized services. These advances not only bring longer connectivity and faster charging speeds to vehicles, but also enhance the safety and reliability of the system, and comprehensively improve users.
The global New Energy Vehicle Thermal Management System market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on sales, revenue, and forecasts across regions, by Type, and by Application for 2020-2031.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
Chapter 2: Quantitative analysis of New Energy Vehicle Thermal Management System market size and growth potential at global, regional, and country levels.
Chapter 3: Competitive benchmarking of manufacturers (revenue, market share, M&A, R&D focus).
Chapter 4: Type-based segmentation analysis – Uncovering blue ocean markets (e.g., Air Conditioning System in China).
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., Plug-in Electric Vehicle in India).
Chapter 6: Regional sales and revenue breakdown by company, type, application and customer.
Chapter 7: Key manufacturer profiles – Financials, product portfolios, and strategic developments.
Chapter 8: Market dynamics – Drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 9: Actionable conclusions and strategic recommendations.
WHY THIS REPORT
Beyond standard market data, this analysis provides a clear profitability roadmap, empowering you to:
This is not just another market study. By fusing global trend analysis with hyper-local operational intelligence, we deliver:
- Risk-Controlled Market Entry: Navigate regulatory complexities in focus markets (e.g., China’s policies).
- Product Portfolio Optimization: Align offerings with regional preferences (e.g., Power System dominance in Europe vs. Air Conditioning System demand in MEA).
- Competitor Counterstrategies: Decode player tactics in fragmented vs. consolidated markets.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Market Overview
1.1 New Energy Vehicle Thermal Management System Product Scope
1.2 New Energy Vehicle Thermal Management System by Type
1.2.1 Global New Energy Vehicle Thermal Management System Sales by Type (2020 & 2024 & 2031)
1.2.2 Power System
1.2.3 Air Conditioning System
1.3 New Energy Vehicle Thermal Management System by Application
1.3.1 Global New Energy Vehicle Thermal Management System Sales Comparison by Application (2020 & 2024 & 2031)
1.3.2 Pure Electric Vehicle
1.3.3 Plug-in Electric Vehicle
1.4 Global New Energy Vehicle Thermal Management System Market Estimates and Forecasts (2020-2031)
1.4.1 Global New Energy Vehicle Thermal Management System Market Size in Value Growth Rate (2020-2031)
1.4.2 Global New Energy Vehicle Thermal Management System Market Size in Volume Growth Rate (2020-2031)
1.4.3 Global New Energy Vehicle Thermal Management System Price Trends (2020-2031)
1.5 Assumptions and Limitations
2 Market Size and Prospective by Region
2.1 Global New Energy Vehicle Thermal Management System Market Size by Region: 2020 VS 2024 VS 2031
2.2 Global New Energy Vehicle Thermal Management System Retrospective Market Scenario by Region (2020-2025)
2.2.1 Global New Energy Vehicle Thermal Management System Sales Market Share by Region (2020-2025)
2.2.2 Global New Energy Vehicle Thermal Management System Revenue Market Share by Region (2020-2025)
2.3 Global New Energy Vehicle Thermal Management System Market Estimates and Forecasts by Region (2026-2031)
2.3.1 Global New Energy Vehicle Thermal Management System Sales Estimates and Forecasts by Region (2026-2031)
2.3.2 Global New Energy Vehicle Thermal Management System Revenue Forecast by Region (2026-2031)
2.4 Major Region and Emerging Market Analysis
2.4.1 North America New Energy Vehicle Thermal Management System Market Size and Prospective (2020-2031)
2.4.2 Europe New Energy Vehicle Thermal Management System Market Size and Prospective (2020-2031)
2.4.3 China New Energy Vehicle Thermal Management System Market Size and Prospective (2020-2031)
2.4.4 Japan New Energy Vehicle Thermal Management System Market Size and Prospective (2020-2031)
3 Global Market Size by Type
3.1 Global New Energy Vehicle Thermal Management System Historic Market Review by Type (2020-2025)
3.1.1 Global New Energy Vehicle Thermal Management System Sales by Type (2020-2025)
3.1.2 Global New Energy Vehicle Thermal Management System Revenue by Type (2020-2025)
3.1.3 Global New Energy Vehicle Thermal Management System Price by Type (2020-2025)
3.2 Global New Energy Vehicle Thermal Management System Market Estimates and Forecasts by Type (2026-2031)
3.2.1 Global New Energy Vehicle Thermal Management System Sales Forecast by Type (2026-2031)
3.2.2 Global New Energy Vehicle Thermal Management System Revenue Forecast by Type (2026-2031)
3.2.3 Global New Energy Vehicle Thermal Management System Price Forecast by Type (2026-2031)
3.3 Different Types New Energy Vehicle Thermal Management System Representative Players
4 Global Market Size by Application
4.1 Global New Energy Vehicle Thermal Management System Historic Market Review by Application (2020-2025)
4.1.1 Global New Energy Vehicle Thermal Management System Sales by Application (2020-2025)
4.1.2 Global New Energy Vehicle Thermal Management System Revenue by Application (2020-2025)
4.1.3 Global New Energy Vehicle Thermal Management System Price by Application (2020-2025)
4.2 Global New Energy Vehicle Thermal Management System Market Estimates and Forecasts by Application (2026-2031)
4.2.1 Global New Energy Vehicle Thermal Management System Sales Forecast by Application (2026-2031)
4.2.2 Global New Energy Vehicle Thermal Management System Revenue Forecast by Application (2026-2031)
4.2.3 Global New Energy Vehicle Thermal Management System Price Forecast by Application (2026-2031)
4.3 New Sources of Growth in New Energy Vehicle Thermal Management System Application
5 Competition Landscape by Players
5.1 Global New Energy Vehicle Thermal Management System Sales by Players (2020-2025)
5.2 Global Top New Energy Vehicle Thermal Management System Players by Revenue (2020-2025)
5.3 Global New Energy Vehicle Thermal Management System Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in New Energy Vehicle Thermal Management System as of 2024)
5.4 Global New Energy Vehicle Thermal Management System Average Price by Company (2020-2025)
5.5 Global Key Manufacturers of New Energy Vehicle Thermal Management System, Manufacturing Sites & Headquarters
5.6 Global Key Manufacturers of New Energy Vehicle Thermal Management System, Product Type & Application
5.7 Global Key Manufacturers of New Energy Vehicle Thermal Management System, Date of Enter into This Industry
5.8 Manufacturers Mergers & Acquisitions, Expansion Plans
6 Region Analysis
6.1 North America Market: Players, Segments, Downstream and Major Customers
6.1.1 North America New Energy Vehicle Thermal Management System Sales by Company
6.1.1.1 North America New Energy Vehicle Thermal Management System Sales by Company (2020-2025)
6.1.1.2 North America New Energy Vehicle Thermal Management System Revenue by Company (2020-2025)
6.1.2 North America New Energy Vehicle Thermal Management System Sales Breakdown by Type (2020-2025)
6.1.3 North America New Energy Vehicle Thermal Management System Sales Breakdown by Application (2020-2025)
6.1.4 North America New Energy Vehicle Thermal Management System Major Customer
6.1.5 North America Market Trend and Opportunities
6.2 Europe Market: Players, Segments, Downstream and Major Customers
6.2.1 Europe New Energy Vehicle Thermal Management System Sales by Company
6.2.1.1 Europe New Energy Vehicle Thermal Management System Sales by Company (2020-2025)
6.2.1.2 Europe New Energy Vehicle Thermal Management System Revenue by Company (2020-2025)
6.2.2 Europe New Energy Vehicle Thermal Management System Sales Breakdown by Type (2020-2025)
6.2.3 Europe New Energy Vehicle Thermal Management System Sales Breakdown by Application (2020-2025)
6.2.4 Europe New Energy Vehicle Thermal Management System Major Customer
6.2.5 Europe Market Trend and Opportunities
6.3 China Market: Players, Segments, Downstream and Major Customers
6.3.1 China New Energy Vehicle Thermal Management System Sales by Company
6.3.1.1 China New Energy Vehicle Thermal Management System Sales by Company (2020-2025)
6.3.1.2 China New Energy Vehicle Thermal Management System Revenue by Company (2020-2025)
6.3.2 China New Energy Vehicle Thermal Management System Sales Breakdown by Type (2020-2025)
6.3.3 China New Energy Vehicle Thermal Management System Sales Breakdown by Application (2020-2025)
6.3.4 China New Energy Vehicle Thermal Management System Major Customer
6.3.5 China Market Trend and Opportunities
6.4 Japan Market: Players, Segments, Downstream and Major Customers
6.4.1 Japan New Energy Vehicle Thermal Management System Sales by Company
6.4.1.1 Japan New Energy Vehicle Thermal Management System Sales by Company (2020-2025)
6.4.1.2 Japan New Energy Vehicle Thermal Management System Revenue by Company (2020-2025)
6.4.2 Japan New Energy Vehicle Thermal Management System Sales Breakdown by Type (2020-2025)
6.4.3 Japan New Energy Vehicle Thermal Management System Sales Breakdown by Application (2020-2025)
6.4.4 Japan New Energy Vehicle Thermal Management System Major Customer
6.4.5 Japan Market Trend and Opportunities
7 Company Profiles and Key Figures
7.1 Sanhua Holding Group
7.1.1 Sanhua Holding Group Company Information
7.1.2 Sanhua Holding Group Business Overview
7.1.3 Sanhua Holding Group New Energy Vehicle Thermal Management System Sales, Revenue and Gross Margin (2020-2025)
7.1.4 Sanhua Holding Group New Energy Vehicle Thermal Management System Products Offered
7.1.5 Sanhua Holding Group Recent Development
7.2 DENSO
7.2.1 DENSO Company Information
7.2.2 DENSO Business Overview
7.2.3 DENSO New Energy Vehicle Thermal Management System Sales, Revenue and Gross Margin (2020-2025)
7.2.4 DENSO New Energy Vehicle Thermal Management System Products Offered
7.2.5 DENSO Recent Development
7.3 Sanden Holdings Corporation
7.3.1 Sanden Holdings Corporation Company Information
7.3.2 Sanden Holdings Corporation Business Overview
7.3.3 Sanden Holdings Corporation New Energy Vehicle Thermal Management System Sales, Revenue and Gross Margin (2020-2025)
7.3.4 Sanden Holdings Corporation New Energy Vehicle Thermal Management System Products Offered
7.3.5 Sanden Holdings Corporation Recent Development
7.4 Yinlun
7.4.1 Yinlun Company Information
7.4.2 Yinlun Business Overview
7.4.3 Yinlun New Energy Vehicle Thermal Management System Sales, Revenue and Gross Margin (2020-2025)
7.4.4 Yinlun New Energy Vehicle Thermal Management System Products Offered
7.4.5 Yinlun Recent Development
7.5 Aotecar New Energy Technology
7.5.1 Aotecar New Energy Technology Company Information
7.5.2 Aotecar New Energy Technology Business Overview
7.5.3 Aotecar New Energy Technology New Energy Vehicle Thermal Management System Sales, Revenue and Gross Margin (2020-2025)
7.5.4 Aotecar New Energy Technology New Energy Vehicle Thermal Management System Products Offered
7.5.5 Aotecar New Energy Technology Recent Development
7.6 HASCO
7.6.1 HASCO Company Information
7.6.2 HASCO Business Overview
7.6.3 HASCO New Energy Vehicle Thermal Management System Sales, Revenue and Gross Margin (2020-2025)
7.6.4 HASCO New Energy Vehicle Thermal Management System Products Offered
7.6.5 HASCO Recent Development
7.7 Hanon Systems
7.7.1 Hanon Systems Company Information
7.7.2 Hanon Systems Business Overview
7.7.3 Hanon Systems New Energy Vehicle Thermal Management System Sales, Revenue and Gross Margin (2020-2025)
7.7.4 Hanon Systems New Energy Vehicle Thermal Management System Products Offered
7.7.5 Hanon Systems Recent Development
7.8 SONGZ
7.8.1 SONGZ Company Information
7.8.2 SONGZ Business Overview
7.8.3 SONGZ New Energy Vehicle Thermal Management System Sales, Revenue and Gross Margin (2020-2025)
7.8.4 SONGZ New Energy Vehicle Thermal Management System Products Offered
7.8.5 SONGZ Recent Development
7.9 Zhongding Group
7.9.1 Zhongding Group Company Information
7.9.2 Zhongding Group Business Overview
7.9.3 Zhongding Group New Energy Vehicle Thermal Management System Sales, Revenue and Gross Margin (2020-2025)
7.9.4 Zhongding Group New Energy Vehicle Thermal Management System Products Offered
7.9.5 Zhongding Group Recent Development
7.10 Mahle
7.10.1 Mahle Company Information
7.10.2 Mahle Business Overview
7.10.3 Mahle New Energy Vehicle Thermal Management System Sales, Revenue and Gross Margin (2020-2025)
7.10.4 Mahle New Energy Vehicle Thermal Management System Products Offered
7.10.5 Mahle Recent Development
7.11 TENGLONG
7.11.1 TENGLONG Company Information
7.11.2 TENGLONG Business Overview
7.11.3 TENGLONG New Energy Vehicle Thermal Management System Sales, Revenue and Gross Margin (2020-2025)
7.11.4 TENGLONG New Energy Vehicle Thermal Management System Products Offered
7.11.5 TENGLONG Recent Development
7.12 Valeo
7.12.1 Valeo Company Information
7.12.2 Valeo Business Overview
7.12.3 Valeo New Energy Vehicle Thermal Management System Sales, Revenue and Gross Margin (2020-2025)
7.12.4 Valeo New Energy Vehicle Thermal Management System Products Offered
7.12.5 Valeo Recent Development
7.13 Feilong Auto Components
7.13.1 Feilong Auto Components Company Information
7.13.2 Feilong Auto Components Business Overview
7.13.3 Feilong Auto Components New Energy Vehicle Thermal Management System Sales, Revenue and Gross Margin (2020-2025)
7.13.4 Feilong Auto Components New Energy Vehicle Thermal Management System Products Offered
7.13.5 Feilong Auto Components Recent Development
8 New Energy Vehicle Thermal Management System Manufacturing Cost Analysis
8.1 New Energy Vehicle Thermal Management System Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Suppliers of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of New Energy Vehicle Thermal Management System
8.4 New Energy Vehicle Thermal Management System Industrial Chain Analysis
9 Marketing Channel, Distributors and Customers
9.1 Marketing Channel
9.2 New Energy Vehicle Thermal Management System Distributors List
9.3 New Energy Vehicle Thermal Management System Customers
10 New Energy Vehicle Thermal Management System Market Dynamics
10.1 New Energy Vehicle Thermal Management System Industry Trends
10.2 New Energy Vehicle Thermal Management System Market Drivers
10.3 New Energy Vehicle Thermal Management System Market Challenges
10.4 New Energy Vehicle Thermal Management System Market Restraints
11 Research Findings and Conclusion
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.1.1 Research Programs/Design
12.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
12.1.2 Data Source
12.1.2.1 Secondary Sources
12.1.2.2 Primary Sources
12.2 Author Details
12.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
WHY THIS REPORT
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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