Middle East and Africa Electric Vehicle Thermal Management System Market Scope, Share, & Trends
Middle East and Africa Electric Vehicle Thermal Management System Market, By Propulsion Type (BEV, PHEV, HEV, and FCV), Technology (Active and Passive), Battery Type (Conventional and Solid-State), Battery Capacity (30-60 Kwh, 60-90 Kwh, Below 30 Kwh, and Above 90 Kwh), Vehicle Type (Passenger and Commercial), System Type (Battery Thermal Management, HVAC, Powertrain, and Others) Industry Trends and Forecast to 2029.
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Middle East and Africa Electric Vehicle Thermal Management System Market Analysis and Size
Electric vehicles are a promising renewable substitute to gasoline power-based vehicles to protect the environment. Many governments are taking initiatives to promote electric vehicles and are providing tax rebates and redemption. The rise in the electric vehicles market is because the technology is upgrading at a fast rate, making the demand for electric vehicle thermal management systems in the market. The Middle East and Africa electric vehicle thermal management system market is growing rapidly due to the rise in demand for electric vehicles in the market. The companies are even launching new products to gain a larger market share.
Data Bridge Market Research analyses that the Middle East and Africa electric vehicle thermal management system market is expected to reach the value of USD 763.97 million by 2029, at a CAGR of 23.3% during the forecast period. "BEV" accounts for the most prominent propulsion type segment as they are energy efficient, turning 80% of their energy input into propelling the car, and they have a regenerative braking system that collects energy and returns it to the battery when a car stops. The Middle East and Africa electric vehicle thermal management system market report also cover pricing analysis, patent analysis, and technological advancements in depth.
Middle East and Africa Electric Vehicle Thermal Management System Market Definition
The thermal management system in an electric vehicle is the solution that helps in managing the heat generated during the electrochemical processes occurring in cells, allowing the battery to operate safely and efficiently. Effective thermal management systems are required in electric vehicles to keep battery temperatures in the correct range and prevent the temperature from fluctuating inside the battery pack. Thus, thermal management systems play a vital role in the control of the battery thermal behavior.
The adoption of electric vehicles is rising globally due to their zero-emission and high tank-to-wheels efficiency. This has necessitated a proper battery management system to reach maximum performance when operating under various conditions. In addition, the rising trend towards increasing charging rates, which would allow faster charging and longer trips, has raised the demand for more efficient thermal management in EVs.
· Report Metric
· Details
· Base Year
· 2021
· Forecast Period
· 2022 - 2029
· Historic Years
· 2020
· Quantitative Units
· Revenue in USD Million, Pricing in USD
· Segments Covered
By Propulsion Type (BEV, PHEV, HEV, and FCV), Technology (Active and Passive), Battery Type (Conventional and Solid-State), Battery Capacity (30-60 Kwh, 60-90 Kwh, Below 30 Kwh, and Above 90 Kwh), Vehicle Type (Passenger and Commercial), System Type (Battery Thermal Management, HVAC, Powertrain and Others)
Countries Covered
Saudi Arabia, U.A.E, South Africa, Egypt, Israel, and the Rest of the Middle East and Africa
Market Players Covered
MAHLE GmbH, Valeo, Marelli Holdings Co., Ltd., Continental AG, NORMA Group, MODINE MANUFACTURING COMPANY, among others
Middle East and Africa Electric Vehicle Thermal Management System Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail as below:
Increasing Demand for Electric Vehicle
The automotive industry has been showing enormous growth due to the rising demand for luxurious electric vehicles. Some of the factors driving the sales of electric vehicles include stringent government regulations towards vehicles emissions, increasing demand for fuel-efficient, high performance, and low emission vehicles.
Incentives & Subsidies by the Government for Electric Vehicles
An increase in pollution and scarcity of resources, particularly in the automotive sector, has enabled the government to take environmental protection actions, leading the shift of trends in the automotive industry from normal motorized vehicles to electric hybrid vehicles for environmental protection. Many national governments have taken a step for providing incentives over the adoption of electric vehicles rather than normal vehicles, such as giving purchase rebates, tax exemptions, tax credits, and a few others.
Rising Demand for a Thermal Cooling Solution
The rise in the demand for electric vehicles has led to the advancement in battery making to deliver more power and require less frequent charges, but with this, there is also a need for an effective cooling system to keep the battery safe from overheating. Discharging of the battery generates heat; the faster the battery is discharged, the more heat is generated. This heat might lead to the failure of devices. So to keep the battery and vehicle safe, the need for a proper thermal management system has become necessary to raise its demand in the market.
High Upfront Cost
Electric vehicles are best suitable for transportation as well as they will have less impact on the environment as they would help control the air pollution. However, the initial cost of electric vehicles is higher than that of gasoline-powered engine vehicles because it includes technologically upgraded components that have no harm to the environment. In contrast, the operational costs of electric vehicles are cheaper than gasoline-powered engine vehicles. Thus, the initial upfront cost of the Middle East and Africa electric vehicles may restrict the market's growth.
Battery Performance in Different Environmental Conditions
The battery is an electrochemical system that involves reactions and the transportation of ions and electrons. The battery's charging/discharging rate or degradation mechanism is affected by the change in the temperature. For instance, a high environmental temperature allows a relatively high charging rate, but it also increases the SEI (solid electrolyte interface) growth rate, which shortens the battery's lifespan. While on the other hand, low environmental temperature slows down SEI growth, but this promotes lithium plating. As a result, batteries can be optimized for either high or low temperatures, but maintaining the same performance at different temperatures can be problematic. Thus these factors may act as a major challenge for the Middle East and Africa electric vehicle thermal management system market.
Post COVID-19 Impact on Middle East and Africa Electric Vehicle Thermal Management System Market
COVID-19 created a major impact on the electric vehicle thermal management system market as almost every country has opted for the shutdown for every production facility except the ones dealing in producing the essential goods. The government has taken some strict actions such as the shutdown of production and sale of non-essential goods, blocked international trade, and many more to prevent the spread of COVID-19. The only business which is dealing in this pandemic situation is the essential services that are allowed to open and run the processes.
The growth of the electric vehicle thermal management system market is rising due to the government policies designed to support EV growth. Also, increased concerns about sustainability and environmental issues are raising the demand for electric vehicles. Thus the government regulations and incentives will likely propel the market growth. However, factors such as the high initial cost of the electric vehicle and complexity in designing the thermal management solution are restraining the market growth. The shutdown of production facilities during the pandemic has had a significant impact on the market.
Manufacturers are making various strategic decisions to bounce back post-COVID-19. The players are conducting multiple research and development activities to improve the technology involved in the electric vehicle thermal management system. The companies will bring advanced and accurate controllers to the market with this. In addition, the government initiatives for the adoption of electric vehicle has led to the market's growth
Recent Development
In September 2021, MAHLE GmbH announced that they had developed a completely new cooling system for batteries. This new Immersion cooling system shortens the charging times in electric cars. Also, this system makes batteries more compact, making electric cars cheaper and more resource-efficient. Thus with this, the company is penetrating deep into the e-mobility market
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MAJOR TOC OF THE REPORT
https://www.databridgemarketresearch.com/toc/?dbmr=middle-east-and-africa-dermal-fillers-market
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: Middle East and Africa Electric Vehicle Thermal Management System Market
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Middle East and Africa Electric Vehicle Charging Stations MarketData Bridge Market research presents the top quality and comprehensive Middle East and Africa Electric Vehicle Charging Stations Market research report which provides clear insights into market dynamics and prospects the whole market including global production, revenue forecast, value and volume.
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The charging stations can be DC charging or AC charging type or inductive charging station.These charging points can be installed either in residential or commercial applications, and it provides the speed to charge the electric vehicle depending on the type of technology the battery usesSegmentation: Middle East and Africa Electric Vehicle Charging Stations MarketMiddle East and Africa electric vehicle charging stations market is segmented into five notable segments which are charging station, vehicle type, charging stations standards, installation type and technology.On the basis of charging station, the market is segmented into AC charging station, DC charging station and inductive charging stationOn the basis of vehicle type, the market is segmented into battery electric vehicle (BEV) and plug-in hybrid vehicle (PHEV)On the basis of technology, the market is segmented into level 1, level 2, and level 3On the basis of charging stations standards, the market is segmented into GB/T, CHAdeMO, CCS, Tesla supercharger, SAE J1772 and IEC 62196On the basis of installation type, the market is segmented into residential and commercialFocal points covered in this Middle East and Africa Electric Vehicle Charging Stations Market reportThis Middle East and Africa Electric Vehicle Charging Stations Market report provides pin point analysis of the market outlook and later establishes its comparison with current patterns.
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There are few types of technology which are used in charging the vehicles based on the battery’s input power which are as follows: type 1, type 2, and type 3.
The charging stations can be DC charging or AC charging type or inductive charging station.These charging points can be installed either in residential or commercial applications, and it provides the speed to charge the electric vehicle depending on the type of technology the battery uses.Key vendors operating in the market:Some of the prominent participants operating in this market are Tesla, Efacec, Engie Group, ABB, Schneider Electric, Siemens AG, Liikennevirta Oy (Ltd.), SemaConnect, ClipperCreek, Allego B.V., Leviton Manufacturing Co., Inc., EVgo Services LLC, ChargePoint, Inc., Blink Charging Co., Alfen N.V., AeroVironment, Inc. among others.Segmentation: Middle East and Africa Electric Vehicle Charging Stations MarketMiddle East and Africa electric vehicle charging stations market is segmented into five notable segments which are charging station, vehicle type, charging stations standards, installation type and technology.On the basis of charging station, the market is segmented into AC charging station, DC charging station and inductive charging stationOn the basis of vehicle type, the market is segmented into battery electric vehicle (BEV) and plug-in hybrid vehicle (PHEV)On the basis of technology, the market is segmented into level 1, level 2, and level 3On the basis of charging stations standards, the market is segmented into GB/T, CHAdeMO, CCS, Tesla supercharger, SAE J1772 and IEC 62196On the basis of installation type, the market is segmented into residential and commercialFocal points covered in this Middle East and Africa Electric Vehicle Charging Stations Market reportThis Middle East and Africa Electric Vehicle Charging Stations Market report provides pin point analysis of the market outlook and later establishes its comparison with current patterns.
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The market progression considers the components of the present situation and compares the current scenario of the market with future developmental chances.The Middle East and Africa Electric Vehicle Charging Stations Market research report includes investigation at global and regional levels.
