Industry: Automobile & Transportation
Published Date: 2025-04-03
Pages: 166 Pages
Report ld: 4697970
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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 is projected to grow from US$ 1418 million in 2025 to US$ 2630 million by 2031, at a Compound Annual Growth Rate (CAGR) of 10.9% during the forecast period.
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.
In terms of production side, this report researches the New Energy Vehicle Thermal Management System production, growth rate, market share by manufacturers and by region (region level and country level), from 2020 to 2025, and forecast to 2031.
In terms of consumption side, this report focuses on the sales of New Energy Vehicle Thermal Management System by region (region level and country level), by company, by Type and by Application. from 2020 to 2025 and forecast to 2031.
This report presents an overview of global market for New Energy Vehicle Thermal Management System, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue/sales data for 2020 - 2025, estimates for 2025, and projections of CAGR through 2031.
This report researches the key producers of New Energy Vehicle Thermal Management System, also provides the consumption of main regions and countries. Highlights of the upcoming market potential for New Energy Vehicle Thermal Management System, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the New Energy Vehicle Thermal Management System sales, revenue, market share and industry ranking of main manufacturers, data from 2020 to 2025. Identification of the major stakeholders in the global New Energy Vehicle Thermal Management System market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2020 to 2031. Evaluation and forecast the market size for New Energy Vehicle Thermal Management System sales, projected growth trends, production technology, application and end-user industry.
Descriptive company profiles of the major global players, including Sanhua Holding Group, DENSO, Sanden Holdings Corporation, Yinlun, Aotecar New Energy Technology, HASCO, Hanon Systems, SONGZ, Zhongding Group, Mahle, etc.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type and by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: New Energy Vehicle Thermal Management System production/output of global and key producers (regions/countries). It provides a quantitative analysis of the production, and development potential of each producer in the next six years.
Chapter 3: Sales (consumption), revenue of New Energy Vehicle Thermal Management System in global, regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 4: Detailed analysis of New Energy Vehicle Thermal Management System manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 5: Provides the analysis of various market segments by Type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: North America (US & Canada) by Type, by Application and by country, sales, and revenue for each segment.
Chapter 8: Europe by Type, by Application and by country, sales, and revenue for each segment.
Chapter 9: China by Type, and by Application, sales, and revenue for each segment.
Chapter 10: Asia (excluding China) by Type, by Application and by region, sales, and revenue for each segment.
Chapter 11: Middle East, Africa, Latin America by Type, by Application and by country, sales, and revenue for each segment.
Chapter 12: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, New Energy Vehicle Thermal Management System sales, revenue, price, gross margin, and recent development, etc.
Chapter 13: Analysis of industrial chain, sales channel, key raw materials, distributors and customers.
Chapter 14: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 15: The main points and conclusions of the report.
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 Study Coverage
1.1 New Energy Vehicle Thermal Management System Product Introduction
1.2 Market by Type
1.2.1 Global New Energy Vehicle Thermal Management System Market Size by Type, 2020 VS 2024 VS 2031
1.2.2 Power System
1.2.3 Air Conditioning System
1.3 Market by Application
1.3.1 Global New Energy Vehicle Thermal Management System Market Size by Application, 2020 VS 2024 VS 2031
1.3.2 Pure Electric Vehicle
1.3.3 Plug-in Electric Vehicle
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global New Energy Vehicle Thermal Management System Production
2.1 Global New Energy Vehicle Thermal Management System Production Capacity (2020-2031)
2.2 Global New Energy Vehicle Thermal Management System Production by Region: 2020 VS 2024 VS 2031, Based on Production Site
2.3 Global Production by Region
2.3.1 Global New Energy Vehicle Thermal Management System Production by Region (2020-2031)
2.3.2 Global New Energy Vehicle Thermal Management System Production Market Share by Region (2020-2031)
2.4 North America
2.5 Europe
2.6 China
2.7 Japan
3 Executive Summary
3.1 Global New Energy Vehicle Thermal Management System Revenue Estimates and Forecasts 2020-2031
3.2 Global Revenue by Region
3.2.1 Global New Energy Vehicle Thermal Management System Revenue by Region: 2020 VS 2024 VS 2031
3.2.2 Global New Energy Vehicle Thermal Management System Revenue by Region (2020-2031)
3.2.3 Global New Energy Vehicle Thermal Management System Revenue Market Share by Region (2020-2031)
3.3 Global New Energy Vehicle Thermal Management System Sales Estimates and Forecasts 2020-2031
3.4 Global Sales by Region
3.4.1 Global New Energy Vehicle Thermal Management System Sales by Region: 2020 VS 2024 VS 2031
3.4.2 Global New Energy Vehicle Thermal Management System Sales by Region (2020-2031)
3.4.3 Global New Energy Vehicle Thermal Management System Sales Market Share by Region (2020-2031)
3.5 US & Canada
3.6 Europe
3.7 China
3.8 Asia (excluding China)
3.9 Middle East, Africa and Latin America
4 Competition by Manufacturers
4.1 Global Sales by Manufacturers
4.1.1 Global New Energy Vehicle Thermal Management System Sales by Manufacturers (2020-2025)
4.1.2 Global New Energy Vehicle Thermal Management System Sales Market Share by Manufacturers (2020-2025)
4.1.3 Global Top 10 and Top 5 Largest Manufacturers of New Energy Vehicle Thermal Management System in 2024
4.2 Global Revenue by Manufacturers
4.2.1 Global New Energy Vehicle Thermal Management System Revenue by Manufacturers (2020-2025)
4.2.2 Global New Energy Vehicle Thermal Management System Revenue Market Share by Manufacturers (2020-2025)
4.2.3 Global Top 10 and Top 5 Companies by New Energy Vehicle Thermal Management System Revenue in 2024
4.3 Global New Energy Vehicle Thermal Management System Sales Price by Manufacturers (2020-2025)
4.4 Global Key Players of New Energy Vehicle Thermal Management System, Industry Ranking, 2023 VS 2024
4.5 Analysis of Competitive Landscape
4.5.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
4.5.2 Global New Energy Vehicle Thermal Management System Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
4.6 Global Key Manufacturers of New Energy Vehicle Thermal Management System, Manufacturing Base Distribution and Headquarters
4.7 Global Key Manufacturers of New Energy Vehicle Thermal Management System, Product Offered and Application
4.8 Global Key Manufacturers of New Energy Vehicle Thermal Management System, Date of Enter into This Industry
4.9 Mergers & Acquisitions, Expansion Plans
5 Market Size by Type
5.1 Global Sales by Type
5.1.1 Global New Energy Vehicle Thermal Management System Historical Sales by Type (2020-2025)
5.1.2 Global New Energy Vehicle Thermal Management System Forecasted Sales by Type (2026-2031)
5.1.3 Global New Energy Vehicle Thermal Management System Sales Market Share by Type (2020-2031)
5.2 Global Revenue by Type
5.2.1 Global New Energy Vehicle Thermal Management System Historical Revenue by Type (2020-2025)
5.2.2 Global New Energy Vehicle Thermal Management System Forecasted Revenue by Type (2026-2031)
5.2.3 Global New Energy Vehicle Thermal Management System Revenue Market Share by Type (2020-2031)
5.3 Global Price by Type
5.3.1 Global New Energy Vehicle Thermal Management System Price by Type (2020-2025)
5.3.2 Global New Energy Vehicle Thermal Management System Price Forecast by Type (2026-2031)
6 Market Size by Application
6.1 Global Sales by Application
6.1.1 Global New Energy Vehicle Thermal Management System Historical Sales by Application (2020-2025)
6.1.2 Global New Energy Vehicle Thermal Management System Forecasted Sales by Application (2026-2031)
6.1.3 Global New Energy Vehicle Thermal Management System Sales Market Share by Application (2020-2031)
6.2 Global Revenue by Application
6.2.1 Global New Energy Vehicle Thermal Management System Historical Revenue by Application (2020-2025)
6.2.2 Global New Energy Vehicle Thermal Management System Forecasted Revenue by Application (2026-2031)
6.2.3 Global New Energy Vehicle Thermal Management System Revenue Market Share by Application (2020-2031)
6.3 Global Price by Application
6.3.1 Global New Energy Vehicle Thermal Management System Price by Application (2020-2025)
6.3.2 Global New Energy Vehicle Thermal Management System Price Forecast by Application (2026-2031)
7 US & Canada
7.1 US & Canada Market Size by Type
7.1.1 US & Canada New Energy Vehicle Thermal Management System Sales by Type (2020-2031)
7.1.2 US & Canada New Energy Vehicle Thermal Management System Revenue by Type (2020-2031)
7.2 US & Canada Market Size by Application
7.2.1 US & Canada New Energy Vehicle Thermal Management System Sales by Application (2020-2031)
7.2.2 US & Canada New Energy Vehicle Thermal Management System Revenue by Application (2020-2031)
7.3 US & Canada Market Size by Country
7.3.1 US & Canada New Energy Vehicle Thermal Management System Revenue by Country: 2020 VS 2024 VS 2031
7.3.2 US & Canada New Energy Vehicle Thermal Management System Revenue by Country (2020-2031)
7.3.3 US & Canada New Energy Vehicle Thermal Management System Sales by Country (2020-2031)
7.3.4 US
7.3.5 Canada
8 Europe
8.1 Europe Market Size by Type
8.1.1 Europe New Energy Vehicle Thermal Management System Sales by Type (2020-2031)
8.1.2 Europe New Energy Vehicle Thermal Management System Revenue by Type (2020-2031)
8.2 Europe Market Size by Application
8.2.1 Europe New Energy Vehicle Thermal Management System Sales by Application (2020-2031)
8.2.2 Europe New Energy Vehicle Thermal Management System Revenue by Application (2020-2031)
8.3 Europe Market Size by Country
8.3.1 Europe New Energy Vehicle Thermal Management System Revenue by Country: 2020 VS 2024 VS 2031
8.3.2 Europe New Energy Vehicle Thermal Management System Sales by Country (2020-2031)
8.3.3 Europe New Energy Vehicle Thermal Management System Revenue by Country (2020-2031)
8.3.4 Germany
8.3.5 France
8.3.6 U.K.
8.3.7 Italy
8.3.8 Russia
9 China
9.1 China Market Size by Type
9.1.1 China New Energy Vehicle Thermal Management System Sales by Type (2020-2031)
9.1.2 China New Energy Vehicle Thermal Management System Revenue by Type (2020-2031)
9.2 China Market Size by Application
9.2.1 China New Energy Vehicle Thermal Management System Sales by Application (2020-2031)
9.2.2 China New Energy Vehicle Thermal Management System Revenue by Application (2020-2031)
10 Asia (excluding China)
10.1 Asia Market Size by Type
10.1.1 Asia New Energy Vehicle Thermal Management System Sales by Type (2020-2031)
10.1.2 Asia New Energy Vehicle Thermal Management System Revenue by Type (2020-2031)
10.2 Asia Market Size by Application
10.2.1 Asia New Energy Vehicle Thermal Management System Sales by Application (2020-2031)
10.2.2 Asia New Energy Vehicle Thermal Management System Revenue by Application (2020-2031)
10.3 Asia Market Size by Region
10.3.1 Asia New Energy Vehicle Thermal Management System Revenue by Region: 2020 VS 2024 VS 2031
10.3.2 Asia New Energy Vehicle Thermal Management System Revenue by Region (2020-2031)
10.3.3 Asia New Energy Vehicle Thermal Management System Sales by Region (2020-2031)
10.3.4 Japan
10.3.5 South Korea
10.3.6 China Taiwan
10.3.7 Southeast Asia
10.3.8 India
11 Middle East, Africa and Latin America
11.1 Middle East, Africa and Latin America Market Size by Type
11.1.1 Middle East, Africa and Latin America New Energy Vehicle Thermal Management System Sales by Type (2020-2031)
11.1.2 Middle East, Africa and Latin America New Energy Vehicle Thermal Management System Revenue by Type (2020-2031)
11.2 Middle East, Africa and Latin America Market Size by Application
11.2.1 Middle East, Africa and Latin America New Energy Vehicle Thermal Management System Sales by Application (2020-2031)
11.2.2 Middle East, Africa and Latin America New Energy Vehicle Thermal Management System Revenue by Application (2020-2031)
11.3 Middle East, Africa and Latin America Market Size by Country
11.3.1 Middle East, Africa and Latin America New Energy Vehicle Thermal Management System Revenue by Country: 2020 VS 2024 VS 2031
11.3.2 Middle East, Africa and Latin America New Energy Vehicle Thermal Management System Revenue by Country (2020-2031)
11.3.3 Middle East, Africa and Latin America New Energy Vehicle Thermal Management System Sales by Country (2020-2031)
11.3.4 Brazil
11.3.5 Mexico
11.3.6 Turkey
11.3.7 Israel
11.3.8 GCC Countries
12 Corporate Profile
12.1 Sanhua Holding Group
12.1.1 Sanhua Holding Group Corporation Information
12.1.2 Sanhua Holding Group Overview
12.1.3 Sanhua Holding Group New Energy Vehicle Thermal Management System Sales, Price, Revenue and Gross Margin (2020-2025)
12.1.4 Sanhua Holding Group New Energy Vehicle Thermal Management System Product Model Numbers, Pictures, Descriptions and Specifications
12.1.5 Sanhua Holding Group Recent Developments
12.2 DENSO
12.2.1 DENSO Corporation Information
12.2.2 DENSO Overview
12.2.3 DENSO New Energy Vehicle Thermal Management System Sales, Price, Revenue and Gross Margin (2020-2025)
12.2.4 DENSO New Energy Vehicle Thermal Management System Product Model Numbers, Pictures, Descriptions and Specifications
12.2.5 DENSO Recent Developments
12.3 Sanden Holdings Corporation
12.3.1 Sanden Holdings Corporation Corporation Information
12.3.2 Sanden Holdings Corporation Overview
12.3.3 Sanden Holdings Corporation New Energy Vehicle Thermal Management System Sales, Price, Revenue and Gross Margin (2020-2025)
12.3.4 Sanden Holdings Corporation New Energy Vehicle Thermal Management System Product Model Numbers, Pictures, Descriptions and Specifications
12.3.5 Sanden Holdings Corporation Recent Developments
12.4 Yinlun
12.4.1 Yinlun Corporation Information
12.4.2 Yinlun Overview
12.4.3 Yinlun New Energy Vehicle Thermal Management System Sales, Price, Revenue and Gross Margin (2020-2025)
12.4.4 Yinlun New Energy Vehicle Thermal Management System Product Model Numbers, Pictures, Descriptions and Specifications
12.4.5 Yinlun Recent Developments
12.5 Aotecar New Energy Technology
12.5.1 Aotecar New Energy Technology Corporation Information
12.5.2 Aotecar New Energy Technology Overview
12.5.3 Aotecar New Energy Technology New Energy Vehicle Thermal Management System Sales, Price, Revenue and Gross Margin (2020-2025)
12.5.4 Aotecar New Energy Technology New Energy Vehicle Thermal Management System Product Model Numbers, Pictures, Descriptions and Specifications
12.5.5 Aotecar New Energy Technology Recent Developments
12.6 HASCO
12.6.1 HASCO Corporation Information
12.6.2 HASCO Overview
12.6.3 HASCO New Energy Vehicle Thermal Management System Sales, Price, Revenue and Gross Margin (2020-2025)
12.6.4 HASCO New Energy Vehicle Thermal Management System Product Model Numbers, Pictures, Descriptions and Specifications
12.6.5 HASCO Recent Developments
12.7 Hanon Systems
12.7.1 Hanon Systems Corporation Information
12.7.2 Hanon Systems Overview
12.7.3 Hanon Systems New Energy Vehicle Thermal Management System Sales, Price, Revenue and Gross Margin (2020-2025)
12.7.4 Hanon Systems New Energy Vehicle Thermal Management System Product Model Numbers, Pictures, Descriptions and Specifications
12.7.5 Hanon Systems Recent Developments
12.8 SONGZ
12.8.1 SONGZ Corporation Information
12.8.2 SONGZ Overview
12.8.3 SONGZ New Energy Vehicle Thermal Management System Sales, Price, Revenue and Gross Margin (2020-2025)
12.8.4 SONGZ New Energy Vehicle Thermal Management System Product Model Numbers, Pictures, Descriptions and Specifications
12.8.5 SONGZ Recent Developments
12.9 Zhongding Group
12.9.1 Zhongding Group Corporation Information
12.9.2 Zhongding Group Overview
12.9.3 Zhongding Group New Energy Vehicle Thermal Management System Sales, Price, Revenue and Gross Margin (2020-2025)
12.9.4 Zhongding Group Product Model Numbers, Pictures, Descriptions and Specifications
12.9.5 Zhongding Group Recent Developments
12.10 Mahle
12.10.1 Mahle Corporation Information
12.10.2 Mahle Overview
12.10.3 Mahle New Energy Vehicle Thermal Management System Sales, Price, Revenue and Gross Margin (2020-2025)
12.10.4 Mahle Product Model Numbers, Pictures, Descriptions and Specifications
12.10.5 Mahle Recent Developments
12.11 TENGLONG
12.11.1 TENGLONG Corporation Information
12.11.2 TENGLONG Overview
12.11.3 TENGLONG New Energy Vehicle Thermal Management System Sales, Price, Revenue and Gross Margin (2020-2025)
12.11.4 TENGLONG Product Model Numbers, Pictures, Descriptions and Specifications
12.11.5 TENGLONG Recent Developments
12.12 Valeo
12.12.1 Valeo Corporation Information
12.12.2 Valeo Overview
12.12.3 Valeo New Energy Vehicle Thermal Management System Sales, Price, Revenue and Gross Margin (2020-2025)
12.12.4 Valeo Product Model Numbers, Pictures, Descriptions and Specifications
12.12.5 Valeo Recent Developments
12.13 Feilong Auto Components
12.13.1 Feilong Auto Components Corporation Information
12.13.2 Feilong Auto Components Overview
12.13.3 Feilong Auto Components New Energy Vehicle Thermal Management System Sales, Price, Revenue and Gross Margin (2020-2025)
12.13.4 Feilong Auto Components Product Model Numbers, Pictures, Descriptions and Specifications
12.13.5 Feilong Auto Components Recent Developments
13 Industry Chain and Sales Channels Analysis
13.1 New Energy Vehicle Thermal Management System Industry Chain Analysis
13.2 New Energy Vehicle Thermal Management System Key Raw Materials
13.2.1 Key Raw Materials
13.2.2 Raw Materials Key Suppliers
13.3 New Energy Vehicle Thermal Management System Production Mode & Process
13.4 New Energy Vehicle Thermal Management System Sales and Marketing
13.4.1 New Energy Vehicle Thermal Management System Sales Channels
13.4.2 New Energy Vehicle Thermal Management System Distributors
13.5 New Energy Vehicle Thermal Management System Customers
14 New Energy Vehicle Thermal Management System Market Dynamics
14.1 New Energy Vehicle Thermal Management System Industry Trends
14.2 New Energy Vehicle Thermal Management System Market Drivers
14.3 New Energy Vehicle Thermal Management System Market Challenges
14.4 New Energy Vehicle Thermal Management System Market Restraints
15 Key Findings in the Global New Energy Vehicle Thermal Management System Study
16 Appendix
16.1 Research Methodology
16.1.1 Methodology/Research Approach
16.1.1.1 Research Programs/Design
16.1.1.2 Market Size Estimation
16.1.1.3 Market Breakdown and Data Triangulation
16.1.2 Data Source
16.1.2.1 Secondary Sources
16.1.2.2 Primary Sources
16.2 Author Details
16.3 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
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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