Electric Vehicle Thermal Management System Market Competition Analysis 2025: How Players Are Shaping Growth
Electric Vehicle Thermal Management System Global Market Report 2025
The Business Research Company's Electric Vehicle Thermal Management System Global Market Report 2025 – Market Size, Trends, And Global Forecast 2025-2034
LONDON, GREATER LONDON, UNITED KINGDOM, December 23, 2025 /EINPresswire.com/ -- "The Electric Vehicle Thermal Management System market is dominated by a mix of global automotive leaders and specialized EV technology innovators. Companies are focusing on advanced thermal and liquid cooling solutions, active climate management systems, and integrated battery safety technologies to strengthen market presence and enhance vehicle performance. Understanding the competitive landscape is key for stakeholders seeking growth opportunities, strategic partnerships, and technological collaborations in the rapidly expanding electric vehicle ecosystem.
Which Market Player Is Leading the Electric Vehicle Thermal Management System Market?
According to our research, Continental AG led global sales in 2023 with a 6% market share. The Automotive division of the company partially involved in the electric vehicle thermal management system market, provides advanced thermal management solutions for electric vehicles, focusing on optimizing battery performance and passenger comfort. Their product range includes lightweight thermoplastic coolant hoses, oil cooling lines and refrigerant lines designed to maintain optimal operating temperatures for batteries and electronic components. These systems enhance vehicle range, safety and efficiency by ensuring components operate within the ideal temperature range of 20°C to 40°C. Additionally, Continental provides integrated line systems that efficiently regulate cabin temperature, contributing to overall energy efficiency and sustainability.
How Concentrated Is the Electric Vehicle Thermal Management System Market?
The market is concentrated, with the top 10 players accounting for 49% of total market revenue in 2023. This level of concentration reflects the industry’s emphasis on advanced engineering capabilities, stringent performance and safety standards, and the growing demand for efficient, reliable EV thermal solutions. Leading vendors such as Robert Bosch, DENSO, BorgWarner, Valeo, and Continental maintain their positions through comprehensive product portfolios, strong R&D expertise, and established customer relationships, while smaller firms focus on specialized or regional solutions. As the adoption of electric vehicles accelerates and thermal management requirements become more complex, strategic partnerships, acquisitions, and technology collaborations are expected to further reinforce the dominance of major players.
• Leading companies include:
o Continental AG (6%)
o Robert Bosch GmbH (6%)
o DENSO Corporation (6%)
o BorgWarner Inc. (5.2%)
o Valeo SA (5%)
o MAHLE GmbH (4%)
o Hanon Systems Co. Ltd. (4%)
o VOSS Automotive GmbH (4%)
o Eberspächer Group (4%)
o Schaeffler Group (4%)
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Which Companies Are Leading Across Different Regions?
• North America: Eberspächer, Hanon Systems, Dana Incorporated, Petro-Canada Lubricants, Calogy Solutions, Vecture Inc., Prestone Products, BorgWarner, Modine, Zero Electric Vehicles, Inc. (ZEV), Gentherm Incorporated, Turntide Technologies, VOSS Automotive, Inc., Dana Incorporated, Grayson Thermal Systems Corporation, Lucid Motors, Inc. and Aptera Motors Corp are leading companies in this region.
• Asia Pacific: Hanon Systems Co., Ltd, Modine Manufacturing Company, Hankook & Company, Hyundai Mobis, DENSO Corporation, Taiwan Power Company, Hyundai WIA, Sanden Corporation, Guangzhou Xiaopeng Motors Technology Co., Ltd, LICO Materials, ProLogium Technology Co., Ltd, Epsilon Group, JSW MG Motor India, Matter Motor, XING Mobility, JIOS Aerogel Pte Ltd, Nissan Motor Co., Ltd and BYD Company are leading companies in this region.
• Western Europe: TI Fluid Systems, Marelli, Valeo, TotalEnergies SE, Continental AG, DENSO Corporation, Grayson Thermal Systems, MAHLE GmbH, Robert Bosch GmbH, Voltempo, Arteco, ZF Friedrichshafen AG and WEVO-CHEMIE GmbH are leading companies in this region.
• Eastern Europe: Naxnova, Advanced Thermal Technologies (ATT), TI Fluid Systems, Cascade Engineering Europe (CEE), Sanhua Automotive, Škoda Auto, Valeo Compressor Europe s.r.o., Eberspächer Climate Control Systems, GAZ Group, Eberspächer and Grayson Thermal Systems are leading companies in this region.
• South America: Valeo, VBG Group, Italytec Imex Indústria e Comércio Ltda., MAHLE GmbH, Great Wall Motor (GWM), Gerdau, Braskem, Ternium Argentina and SABIC Brazil are leading companies in this region.
What Are the Major Competitive Trends in the Market?
• Electric vehicle reliability is transforming to enhance electric vehicle reliability.
• Example: Hyundai Mobis Battery Cell Cooling Technology (December 2024) assigns the critical issue of overheating during rapid charging of electric vehicles (EVs).
• These innovative approaches ensure consistent and effective heat transfer, even under the demanding conditions of high-speed vehicle operation.
Which Strategies Are Companies Adopting to Stay Ahead?
• Launching advanced battery cooling technologies to improve vehicle performance and safety
• Enhancing energy efficiency and thermal regulation in EVs to extend battery life
• Focusing on integration with smart vehicle systems and predictive maintenance solutions
• Leveraging IoT and connected vehicle data for real-time thermal management and optimization
Access the detailed Electric Vehicle Thermal Management System Market report here:
https://www.thebusinessresearchcompany.com/report/electric-vehicle-thermal-management-system-global-market-report
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