Electric Vehicle Heat Pump Systems Market Report 2031 by Segments, Geography, Dynamics, Recent Developments
The increasing sales of battery EVs in the passenger cars segment is one of the prime driving factors for the global electric vehicle heat pump system market. 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 a ~35% year-on-year increase. The growing proliferation of electric commercial vehicles for logistics and transportation is also having a positive impact on the demand for EV heat pump systems worldwide. In addition, the increasing utilization of hybrid EVs for utility-scale applications is expected to create significant opportunities for the electric vehicle heat pump system market during the forecast period.
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Top Key Major Players:-
- Denso Corporation
- Titanx Engine Cooling
- Modine Manufacturing Company
- Sanden Corporation
- Hanon Systems
- MAHLE GmbH
- Valeo
- Highly Marelli Holdings Co Ltd
- Mitsubishi Heavy Industries Ltd
- Rheinmetall AG
- MAN Energy Solutions
