Electric Vehicle Heat Pump Systems Market Size and Forecast (2021 – 2031)

Electric Vehicle Heat Pump Systems Market Size and Forecast (2021 – 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Propulsion Type (BEV, HEV, PHEV), Component (Evaporator, Condenser, Compressors, Others), Vehicle Type (Passenger Vehicle, Commercial Vehicle), and Geography

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Description

The electric vehicle heat pump systems market size is projected to reach US$ 1,924.69 million by 2031 from US$ 437.94 million in 2023. The market is expected to register a CAGR of 20.3% during 2023–2031. The rising role of electric vehicles in energy transition is likely to remain a key future trend in the market.

Major stakeholders in the global electric vehicle heat pump systems market ecosystem are raw material suppliers, electric vehicle (EV) heat pump system manufacturers, and end users.

The accessibility of many raw material suppliers facilitates the electric vehicle heat pump market players to select suitable suppliers. The accessibility of raw material suppliers primarily enhances the supply chain of the electric vehicle heat pump systems market. Upon obtaining raw materials, the market players yield significant volumes of electric vehicle heat pump systems with different capacities, meeting corresponding customer demands. Continental AG, Rheinmetall, Mitsubishi Heavy Industries, Daikin Industries Ltd, Danfoss A/S, Emerson Electric, Johnson Controls International Plc, Valeo, Robert Bosch GmbH, Siemens AG, and Carrier are among the prominent players operating in the electric vehicle heat pump systems market. For instance, in 2023, Rheinmetall introduced a comprehensive product package for thermal management as plug and play solution for electric vehicles. Rheinmetall introduced a new heat pump with a new coolant system that can boost the range of vehicles and the lifespan of materials while at the same time enhancing passenger comfort. The product was developed precisely to facilitate precision climate control in the passenger cabin along with intelligent conditioning of batteries in electric vehicles.

The year 2022 marked a significant year for electric car sales in emerging markets, particularly India, Thailand, and Indonesia. Collectively, sales of electric cars were more than triple compared to 2021, reaching a remarkable 80,000 units. Thailand emerged as the front runner, where the number of EVs sold in 2023 was 78,314 as compared to 9,729 in 2022. India and Indonesia also showed notable progress, with countries averaging around 1.5% of their total vehicle sales being electric cars over the same period.

India has seen a notable uptick in the manufacturing of EVs and components. This growth has been enabled by the government’s visionary US$ 3.2 billion stimulus program, which has successfully attracted significant investments totaling US$ 8.3 billion. These investments have accelerated the development of electric mobility and made India a major economy in the global EV landscape. Thailand and Indonesia have also proactively strengthened their policy support frameworks for EVs. These initiatives enhance the adoption of electric cars within their borders and serve as valuable case studies for other emerging economies looking to promote electric mobility and reduce carbon emissions. The experiences of these nations provide valuable insights and strategies for achieving sustainable and environmentally friendly transportation solutions in the evolving automotive landscape. Therefore, the growing economies are expected to provide promising opportunities for the electric vehicle heat pump systems market from 2023 to 2031.

Airbus SE, The Boeing Company, Ball Corporation, Korea Aerospace Industries Ltd, Lockheed Martin Corporation, Maxar Technologies Inc, Northrop Grumman Corporation, Thales Group, Israel Aerospace Industries Ltd, and OHB SE are among the key players covered in the electric vehicle heat pump systems market report. Companies in the market mainly focus on product and service enhancements by integrating advanced features and technologies into their offerings.

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According to our latest study on “Electric Vehicle Heat Pump Systems Market Analysis and Forecast to 2031 – by Propulsion Type, Component, Vehicle Type, and Geography,” the market was valued at US$ 437.94 million in 2023 and is projected to reach US$ 1,924.69 million by 2031; it is anticipated to record a CAGR of 20.3% from 2023 to 2031. The report includes growth prospects owing to the current electric vehicle heat pump systems market trends and their foreseeable impact during the forecast period.

Based on components, the electric vehicle heat pump systems market is segmented into outside heat exchangers, inside condensers, evaporators, compressors, and others. The growing government focus on vehicle electrification and rising demand for energy-efficient technologies for the automotive sector boost the growth of the market. In terms of propulsion type, the market is segmented into battery electric vehicles, hybrid electric vehicles, and plug-in hybrid cars. The mounting concern about environmental pollution and the increasing number of policies toward mitigating carbon emissions bolster the electric vehicles market globally. Based on vehicle type, the electric vehicle heat pump systems market is bifurcated into passenger vehicles and commercial vehicles.

Key Findings of Market Study:

The battery-electric vehicle (BEV) segment is experiencing remarkable growth. New electric car registrations reached 14 million worldwide in 2023, accounting for their total number on the roads to ~40 million. Electric car sales in 2023 were ~3.5 million higher than in 2022, recording ~35% year-on-year increase. The growing sales of electric vehicles signify a substantial shift in consumer preferences toward sustainable and eco-friendly mobility solutions. As per the data reported by the European Union in June 2023, new registrations of BEVs reached 158,252 units, with a substantial 66.2% increase. The growing consumer preference for BEVs highlights that these vehicles are the third most popular choice among new car buyers, surpassing traditional diesel-powered vehicles for the first time. This change is indicative of a broader trend in the automotive industry, where environmental consciousness and a desire for cleaner transportation options are influencing consumer decisions. Owing to the infrastructure development, charging network improvements, and increasing awareness of environmental issues, the electric vehicle heat pump systems market for the BEV segment is poised for sustained and robust growth.

The expanding demand for battery electric vehicles is anticipated to fuel the application of heat pumps, which is projected to propel the growth of the market. For instance, in 2020, Kia Motors Corporation and Hyundai Motor Company collaborated and implemented heat pump systems in Hyundai and Kia’s global electric vehicle (EV) lineup. Hyundai and Kia’s heat pump primarily maximizes the distance that Hyundai and Kia EVs can run on a single charge, obtaining waste heat to warm the cabin. It also supports EV drivers to heat their car’s cabin in cold weather without substantially impacting driving range.

Airbus SE, The Boeing Company, Ball Corporation, Korea Aerospace Industries Ltd, Lockheed Martin Corporation, Maxar Technologies Inc, Northrop Grumman Corporation, Thales Group, Israel Aerospace Industries Ltd, and OHB SE are among the key players covered in the electric vehicle heat pump systems market report. Companies in the market mainly focus on product and service enhancements by integrating advanced features and technologies into their offerings.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the electric vehicle heat pump systems market.
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the electric vehicle heat pump systems market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
TABLE OF CONTENTS

1. Introduction
1.1 The the Reporting Teams Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.1 Developing base number:
3.2.2 Data Triangulation:
3.2.3 Country level data:
4. Electric Vehicle Heat Pump Systems Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. Electric Vehicle Heat Pump Systems Market – Key Market Dynamics
5.1 Electric Vehicle Heat Pump Systems Market – Key Market Dynamics
5.2 Market Drivers
5.3 Market Restraints
5.4 Market Opportunities
5.5 Future Trends
5.6 Impact of Drivers and Restraints:
6. Electric Vehicle Heat Pump Systems Market – Global Market Analysis
6.1 Overview
6.2 Electric Vehicle Heat Pump Systems Market Revenue (US$ Million), 2021–2031
6.3 Electric Vehicle Heat Pump Systems Market Forecast Analysis
7. Electric Vehicle Heat Pump Systems Market Analysis – by Propulsion Type
7.1 BEV
7.1.1 Overview
7.1.2 BEV: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
7.2 HEV
7.2.1 Overview
7.2.2 HEV: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
7.3 PHEV
7.3.1 Overview
7.3.2 PHEV: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
8. Electric Vehicle Heat Pump Systems Market Analysis – by Component
8.1 Evaporator
8.1.1 Overview
8.1.2 Evaporator: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Condenser
8.2.1 Overview
8.2.2 Condenser: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Compressors
8.3.1 Overview
8.3.2 Compressors: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
8.4 Others
8.4.1 Overview
8.4.2 Others: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
9. Electric Vehicle Heat Pump Systems Market Analysis – by Vehicle Type
9.1 Passenger Vehicle
9.1.1 Overview
9.1.2 Passenger Vehicle: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
9.2 Commercial Vehicle
9.2.1 Overview
9.2.2 Commercial Vehicle: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
10. Electric Vehicle Heat Pump Systems Market – Geographical Analysis
10.1 Overview
10.2 North America
10.2.1 North America Electric Vehicle Heat Pump Systems Market Overview
10.2.2 North America: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3 North America: Electric Vehicle Heat Pump Systems Market Breakdown, by Propulsion Type
10.2.3.1 North America: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast Analysis – by Propulsion Type
10.2.4 North America: Electric Vehicle Heat Pump Systems Market Breakdown, by Component
10.2.4.1 North America: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast Analysis – by Component
10.2.5 North America: Electric Vehicle Heat Pump Systems Market Breakdown, by Vehicle Type
10.2.5.1 North America: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast Analysis – by Vehicle Type
10.2.6 North America: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast Analysis – by Country
10.2.6.1 North America: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast Analysis – by Country
10.2.6.2 United States: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
10.2.6.2.1 United States: Electric Vehicle Heat Pump Systems Market Breakdown, by Propulsion Type
10.2.6.2.2 United States: Electric Vehicle Heat Pump Systems Market Breakdown, by Component
10.2.6.2.3 United States: Electric Vehicle Heat Pump Systems Market Breakdown, by Vehicle Type
10.2.6.3 Canada: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
10.2.6.3.1 Canada: Electric Vehicle Heat Pump Systems Market Breakdown, by Propulsion Type
10.2.6.3.2 Canada: Electric Vehicle Heat Pump Systems Market Breakdown, by Component
10.2.6.3.3 Canada: Electric Vehicle Heat Pump Systems Market Breakdown, by Vehicle Type
10.2.6.4 Mexico: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
10.2.6.4.1 Mexico: Electric Vehicle Heat Pump Systems Market Breakdown, by Propulsion Type
10.2.6.4.2 Mexico: Electric Vehicle Heat Pump Systems Market Breakdown, by Component
10.2.6.4.3 Mexico: Electric Vehicle Heat Pump Systems Market Breakdown, by Vehicle Type
10.3 Europe
10.3.1 Europe Electric Vehicle Heat Pump Systems Market Overview
10.3.2 Europe: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
10.3.3 Europe: Electric Vehicle Heat Pump Systems Market Breakdown, by Propulsion Type
10.3.3.1 Europe: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast Analysis – by Propulsion Type
10.3.4 Europe: Electric Vehicle Heat Pump Systems Market Breakdown, by Component
10.3.4.1 Europe: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast Analysis – by Component
10.3.5 Europe: Electric Vehicle Heat Pump Systems Market Breakdown, by Vehicle Type
10.3.5.1 Europe: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast Analysis – by Vehicle Type
10.3.6 Europe: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast Analysis – by Country
10.3.6.1 Europe: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast Analysis – by Country
10.3.6.2 Germany: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.2.1 Germany: Electric Vehicle Heat Pump Systems Market Breakdown, by Propulsion Type
10.3.6.2.2 Germany: Electric Vehicle Heat Pump Systems Market Breakdown, by Component
10.3.6.2.3 Germany: Electric Vehicle Heat Pump Systems Market Breakdown, by Vehicle Type
10.3.6.3 France: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.3.1 France: Electric Vehicle Heat Pump Systems Market Breakdown, by Propulsion Type
10.3.6.3.2 France: Electric Vehicle Heat Pump Systems Market Breakdown, by Component
10.3.6.3.3 France: Electric Vehicle Heat Pump Systems Market Breakdown, by Vehicle Type
10.3.6.4 Italy: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.4.1 Italy: Electric Vehicle Heat Pump Systems Market Breakdown, by Propulsion Type
10.3.6.4.2 Italy: Electric Vehicle Heat Pump Systems Market Breakdown, by Component
10.3.6.4.3 Italy: Electric Vehicle Heat Pump Systems Market Breakdown, by Vehicle Type
10.3.6.5 United Kingdom: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.5.1 United Kingdom: Electric Vehicle Heat Pump Systems Market Breakdown, by Propulsion Type
10.3.6.5.2 United Kingdom: Electric Vehicle Heat Pump Systems Market Breakdown, by Component
10.3.6.5.3 United Kingdom: Electric Vehicle Heat Pump Systems Market Breakdown, by Vehicle Type
10.3.6.6 Russia: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.6.1 Russia: Electric Vehicle Heat Pump Systems Market Breakdown, by Propulsion Type
10.3.6.6.2 Russia: Electric Vehicle Heat Pump Systems Market Breakdown, by Component
10.3.6.6.3 Russia: Electric Vehicle Heat Pump Systems Market Breakdown, by Vehicle Type
10.3.6.7 Rest of Europe: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.7.1 Rest of Europe: Electric Vehicle Heat Pump Systems Market Breakdown, by Propulsion Type
10.3.6.7.2 Rest of Europe: Electric Vehicle Heat Pump Systems Market Breakdown, by Component
10.3.6.7.3 Rest of Europe: Electric Vehicle Heat Pump Systems Market Breakdown, by Vehicle Type
10.4 Asia Pacific
10.4.1 Asia Pacific Electric Vehicle Heat Pump Systems Market Overview
10.4.2 Asia Pacific: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
10.4.3 Asia Pacific: Electric Vehicle Heat Pump Systems Market Breakdown, by Propulsion Type
10.4.3.1 Asia Pacific: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast Analysis – by Propulsion Type
10.4.4 Asia Pacific: Electric Vehicle Heat Pump Systems Market Breakdown, by Component
10.4.4.1 Asia Pacific: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast Analysis – by Component
10.4.5 Asia Pacific: Electric Vehicle Heat Pump Systems Market Breakdown, by Vehicle Type
10.4.5.1 Asia Pacific: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast Analysis – by Vehicle Type
10.4.6 Asia Pacific: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast Analysis – by Country
10.4.6.1 Asia Pacific: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast Analysis – by Country
10.4.6.2 Australia: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.2.1 Australia: Electric Vehicle Heat Pump Systems Market Breakdown, by Propulsion Type
10.4.6.2.2 Australia: Electric Vehicle Heat Pump Systems Market Breakdown, by Component
10.4.6.2.3 Australia: Electric Vehicle Heat Pump Systems Market Breakdown, by Vehicle Type
10.4.6.3 China: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.3.1 China: Electric Vehicle Heat Pump Systems Market Breakdown, by Propulsion Type
10.4.6.3.2 China: Electric Vehicle Heat Pump Systems Market Breakdown, by Component
10.4.6.3.3 China: Electric Vehicle Heat Pump Systems Market Breakdown, by Vehicle Type
10.4.6.4 India: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.4.1 India: Electric Vehicle Heat Pump Systems Market Breakdown, by Propulsion Type
10.4.6.4.2 India: Electric Vehicle Heat Pump Systems Market Breakdown, by Component
10.4.6.4.3 India: Electric Vehicle Heat Pump Systems Market Breakdown, by Vehicle Type
10.4.6.5 Japan: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.5.1 Japan: Electric Vehicle Heat Pump Systems Market Breakdown, by Propulsion Type
10.4.6.5.2 Japan: Electric Vehicle Heat Pump Systems Market Breakdown, by Component
10.4.6.5.3 Japan: Electric Vehicle Heat Pump Systems Market Breakdown, by Vehicle Type
10.4.6.6 South Korea: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.6.1 South Korea: Electric Vehicle Heat Pump Systems Market Breakdown, by Propulsion Type
10.4.6.6.2 South Korea: Electric Vehicle Heat Pump Systems Market Breakdown, by Component
10.4.6.6.3 South Korea: Electric Vehicle Heat Pump Systems Market Breakdown, by Vehicle Type
10.4.6.7 Rest of Asia Pacific: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.7.1 Rest of Asia Pacific: Electric Vehicle Heat Pump Systems Market Breakdown, by Propulsion Type
10.4.6.7.2 Rest of Asia Pacific: Electric Vehicle Heat Pump Systems Market Breakdown, by Component
10.4.6.7.3 Rest of Asia Pacific: Electric Vehicle Heat Pump Systems Market Breakdown, by Vehicle Type
10.5 Rest of the World
10.5.1 Rest of the World Electric Vehicle Heat Pump Systems Market Overview
10.5.2 Rest of the World: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
10.5.3 Rest of the World: Electric Vehicle Heat Pump Systems Market Breakdown, by Propulsion Type
10.5.3.1 Rest of the World: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast Analysis – by Propulsion Type
10.5.4 Rest of the World: Electric Vehicle Heat Pump Systems Market Breakdown, by Component
10.5.4.1 Rest of the World: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast Analysis – by Component
10.5.5 Rest of the World: Electric Vehicle Heat Pump Systems Market Breakdown, by Vehicle Type
10.5.5.1 Rest of the World: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast Analysis – by Vehicle Type
10.5.6 Rest of the World: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast Analysis – by Country
10.5.6.1 Rest of the World: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast Analysis – by Country
10.5.6.2 Middle East and Africa: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
10.5.6.2.1 Middle East and Africa: Electric Vehicle Heat Pump Systems Market Breakdown, by Propulsion Type
10.5.6.2.2 Middle East and Africa: Electric Vehicle Heat Pump Systems Market Breakdown, by Component
10.5.6.2.3 Middle East and Africa: Electric Vehicle Heat Pump Systems Market Breakdown, by Vehicle Type
10.5.6.3 South America: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
10.5.6.3.1 South America: Electric Vehicle Heat Pump Systems Market Breakdown, by Propulsion Type
10.5.6.3.2 South America: Electric Vehicle Heat Pump Systems Market Breakdown, by Component
10.5.6.3.3 South America: Electric Vehicle Heat Pump Systems Market Breakdown, by Vehicle Type
11. Competitive Landscape
11.1 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
13. Company Profiles
13.1 Denso Corp
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Modine Manufacturing Co
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Hanon Systems
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Mahle GmbH
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Rheinmetall AG
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Valeo SE
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Mitsubishi Heavy Industries Ltd
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 TitanX Holding AB
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 SANDEN Corp
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Highly Marelli Holdings Co., Ltd.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The the Reporting Teams

LIST OF TABLES

Table 1. Electric Vehicle Heat Pump Systems Market Segmentation
Table 2. List of Vendors
Table 3. Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
Table 4. Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million) – by Propulsion Type
Table 5. Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million) – by Component
Table 6. Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million) – by Vehicle Type
Table 7. North America: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Propulsion Type
Table 8. North America: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 9. North America: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Vehicle Type
Table 10. North America: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 11. United States: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Propulsion Type
Table 12. United States: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 13. United States: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Vehicle Type
Table 14. Canada: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Propulsion Type
Table 15. Canada: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 16. Canada: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Vehicle Type
Table 17. Mexico: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Propulsion Type
Table 18. Mexico: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 19. Mexico: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Vehicle Type
Table 20. Europe: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Propulsion Type
Table 21. Europe: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 22. Europe: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Vehicle Type
Table 23. Europe: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 24. Germany: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Propulsion Type
Table 25. Germany: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 26. Germany: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Vehicle Type
Table 27. France: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Propulsion Type
Table 28. France: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 29. France: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Vehicle Type
Table 30. Italy: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Propulsion Type
Table 31. Italy: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 32. Italy: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Vehicle Type
Table 33. United Kingdom: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Propulsion Type
Table 34. United Kingdom: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 35. United Kingdom: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Vehicle Type
Table 36. Russia: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Propulsion Type
Table 37. Russia: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 38. Russia: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Vehicle Type
Table 39. Rest of Europe: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Propulsion Type
Table 40. Rest of Europe: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 41. Rest of Europe: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Vehicle Type
Table 42. Asia Pacific: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Propulsion Type
Table 43. Asia Pacific: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 44. Asia Pacific: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Vehicle Type
Table 45. Asia Pacific: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 46. Australia: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Propulsion Type
Table 47. Australia: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 48. Australia: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Vehicle Type
Table 49. China: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Propulsion Type
Table 50. China: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 51. China: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Vehicle Type
Table 52. India: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Propulsion Type
Table 53. India: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 54. India: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Vehicle Type
Table 55. Japan: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Propulsion Type
Table 56. Japan: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 57. Japan: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Vehicle Type
Table 58. South Korea: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Propulsion Type
Table 59. South Korea: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 60. South Korea: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Vehicle Type
Table 61. Rest of Asia Pacific: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Propulsion Type
Table 62. Rest of Asia Pacific: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 63. Rest of Asia Pacific: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Vehicle Type
Table 64. Rest of the World: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Propulsion Type
Table 65. Rest of the World: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 66. Rest of the World: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Vehicle Type
Table 67. Rest of the World: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 68. Middle East and Africa: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Propulsion Type
Table 69. Middle East and Africa: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million) – by Component
Table 70. Middle East and Africa: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Vehicle Type
Table 71. South America: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Propulsion Type
Table 72. South America: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 73. South America: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million) – by Vehicle Type

LIST OF FIGURES

Figure 1. Electric Vehicle Heat Pump Systems Market Segmentation, by Geography
Figure 2. PEST Analysis
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Electric Vehicle Heat Pump Systems Market Revenue (US$ Million), 2021–2031
Figure 5. Electric Vehicle Heat Pump Systems Market Share (%) – by Propulsion Type (2023 and 2031)
Figure 6. BEV: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 7. HEV: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. PHEV: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Electric Vehicle Heat Pump Systems Market Share (%) – by Component (2023 and 2031)
Figure 10. Evaporator: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. Condenser: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. Compressors: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. Others: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. Electric Vehicle Heat Pump Systems Market Share (%) – by Vehicle Type (2023 and 2031)
Figure 15. Passenger Vehicle: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Commercial Vehicle: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. Electric Vehicle Heat Pump Systems Market Breakdown by Region, 2023 and 2031 (%)
Figure 18. North America: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 19. North America: Electric Vehicle Heat Pump Systems Market Breakdown, by Propulsion Type (2023 and 2031)
Figure 20. North America: Electric Vehicle Heat Pump Systems Market Breakdown, by Component (2023 and 2031)
Figure 21. North America: Electric Vehicle Heat Pump Systems Market Breakdown, by Vehicle Type (2023 and 2031)
Figure 22. North America: Electric Vehicle Heat Pump Systems Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 23. United States: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 24. Canada: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 25. Mexico: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 26. Europe: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 27. Europe: Electric Vehicle Heat Pump Systems Market Breakdown, by Propulsion Type (2023 and 2031)
Figure 28. Europe: Electric Vehicle Heat Pump Systems Market Breakdown, by Component (2023 and 2031)
Figure 29. Europe: Electric Vehicle Heat Pump Systems Market Breakdown, by Vehicle Type (2023 and 2031)
Figure 30. Europe: Electric Vehicle Heat Pump Systems Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 31. Germany: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 32. France: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 33. Italy: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 34. United Kingdom: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 35. Russia: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 36. Rest of Europe: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 37. Asia Pacific: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 38. Asia Pacific: Electric Vehicle Heat Pump Systems Market Breakdown, by Propulsion Type (2023 and 2031)
Figure 39. Asia Pacific: Electric Vehicle Heat Pump Systems Market Breakdown, by Component (2023 and 2031)
Figure 40. Asia Pacific: Electric Vehicle Heat Pump Systems Market Breakdown, by Vehicle Type (2023 and 2031)
Figure 41. Asia Pacific: Electric Vehicle Heat Pump Systems Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 42. Australia: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 43. China: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 44. India: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 45. Japan: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 46. South Korea: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 47. Rest of Asia Pacific: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 48. Rest of the World: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 49. Rest of the World: Electric Vehicle Heat Pump Systems Market Breakdown, by Propulsion Type (2023 and 2031)
Figure 50. Rest of the World: Electric Vehicle Heat Pump Systems Market Breakdown, by Component (2023 and 2031)
Figure 51. Rest of the World: Electric Vehicle Heat Pump Systems Market Breakdown, by Vehicle Type (2023 and 2031)
Figure 52. Rest of the World: Electric Vehicle Heat Pump Systems Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 53. Middle East and Africa: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031 (US$ Million)
Figure 54. South America: Electric Vehicle Heat Pump Systems Market – Revenue and Forecast to 2031(US$ Million)
Figure 55. Company Positioning & Concentration

The List of Companies – Electric Vehicle Heat Pump Systems Market
o Denso Corporation
o Titanx Engine Cooling
o Modine Manufacturing Company
o Sanden Corporation
o Hanon Systems
o MAHLE GmbH
o Valeo
o Highly Marelli Holdings Co Ltd
o Mitsubishi Heavy Industries Ltd
o Rheinmetall AG
o MAN Energy Solutions

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