Electric Vehicle Thermal Management System (EVTMS) Market – Trends Forecast Till 2028

The Electric Vehicle Thermal Management System (EVTMS) market size is projected to reach a CAGR of 9.8% from 2022 to 2028.

Electric Vehicle Thermal Management System (EVTMS) refers to the thermal management which are used in electric vehicles (EVs) in order to maintain the heating temperature of the batteries used in these automobiles. Since batteries are used to provide power to the motors for the movement of the vehicle and therefore, the vehicle movement is entirely dependent on battery health. Hence, the need to control the battery heat becomes essential for the proper operation of electric vehicle.