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The market demand for battery thermal systems of electric vehicles was estimated at US$ 1,059.7 million in 2018, which registered a CAGR of 14.8% from 2018 to 2022. In the present year 2023, the overall valuation of the global EV thermal system market size is anticipated to be around US$ 2,243.7 million. As per the analysis report, the market is expected to register a CAGR of 21.4% to reach a valuation of US$ 15,600.9 million by the conclusion of this forecast period.

The main driver fueling the expansion of the thermal system for the EVs market is the rising popularity of zero-emission cars in various parts of the world. Sales of EVs have increased significantly in nations like China, Norway, and the United States, establishing an advanced EV thermal system market.

The need for electric-powered automobiles has compelled manufacturers to create better heat management technologies, as the use of heat has been eliminated. Rapid charging technologies and battery size reduction are anticipated to increase the sales of EVs, indirectly driving the sales of EV thermal systems. Moreover, the growth in demand for EV thermal systems is probably going to be supported by technical developments in the area of battery heat management.

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Key Takeaways

The United States captures a total market share of 10.8% of the revenue and leads the global market through higher investment in research and development.
Germany is the second leading market in the world for sales of EV thermal systems and sets the trend in Europe. The German EV thermal system market is projected to reach US$ 1,240 million by the end of the year 2033.
In Asia Pacific, India is witnessing a higher growth trend with an upsurge in sales of electric vehicles in the country. During the forecast years, the CAGR to be registered by the country is about 22.8%.
Competitive Landscape

Borg Warner Inc., Dana Limited, Hanon Systems, Valeo SA, Denso Corporation, Robert Bosch GmbH, Mahle GmbH, VOSS Automotive GmbH, Modine Manufacturing Company, Gentherm, CapTherm Systems, LG Chem Ltd., Visteon Corporation are a few key players in the global EV thermal system market.

Recent Developments in the EV Thermal System Industry

In May 2022, Modine Company unveiled its brand-new EVantage Series of thermal systems for commercial electric vehicles. This system concentrates on enhancing the safety, range, and battery life of industrial EVs. For all loads, the system maintains traction motor and power electronics cooling.
In May 2022, Eberspaecher Company introduced its brand-new H2-ICE thermal exhaust system for hydrogen fuel electric vehicles (FCEVs). This new exhaust system guarantees the appropriate operation of the entire system, while taking into account the particular needs of this fuel. This would keep an eye on rules governing exhaust gases, including NO2, contaminants, and unburned hydrocarbons generated by the hydrogen FUEL engine.
in February 2022, BorgWarner Inc. declared that the company had supplied the iX and i4 with fully electric architectures for the BMW Group. With this ground-breaking High-Voltage Coolant Heater (HVCH) solution, the company would aid in the management of the battery and cabin temperature, increasing the EV's longevity and driving range.
The Denso Company said that they have created a brand-new battery-monitoring integrated circuit (IC) for lithium-ion batteries in the year 2020. This new IC increases fuel economy and increases the range of HEVs and BEVs both. Detecting voltage levels while keeping an eye on many batteries is also helpful, consequently growing the market portfolio of the organizations.
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Key Segments

By System Type:

Heating Ventilation and Air Conditioning (HVAC)
Power Train Cooling
Fluid Transport
Others
By Vehicle Type:

Battery Electric Vehicle (BEV)
Hybrid Electric Vehicle (HEV)
Plug-in Hybrid Electric Vehicle (PHEV)
Fuel Cell Electric Vehicle (FCEV)

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Tissue Engineering market Growth Opportunity and Industry Forecast to 2035

Given the ever-increasing demand for tissue transplantation, primarily for wound and bone healing, there is an urgent need for safe and efficient products that enable healing and regeneration.

At present, the supply of tissue donations is insufficient to satisfy the required demand. It is worth highlighting that, in recent years, tissue engineering and regenerative medicine have emerged as promising alternatives for tissue regeneration.

The financial opportunity within the tissue engineering-based regeneration devices has been analyzed across the following segments:

 Area of Application
 Bone Healing
 Burn Healing
 Wound Healing
 Surgical Healing
 Others

 Type of Graft
 Allografts
 Autografts
 Xenografts

 Key Geographical Regions
 North America
 Europe
 Asia
 Latin America
 Middle East and North Africa
 Rest of the World


The “Tissue Engineering-based Regeneration Products Market 2022-2035” report features the following companies, which we identified to be key players in this domain:
 AlloSource
 Bio-Tissue
 Integra LifeSciences
 MiMedx
 Organogenesis
 Smith+Nephew
 Tissue Regenix
 VIVEX Biologics

Table of Contents

1. Preface

2. Executive Summary

3. Introduction

4. Market landscape: tissue engineering-based skin regeneration products

5. Market landscape: tissue engineering- based bone regeneration products

6. Key Insights

7. Company Competitiveness Analysis

8. Company Profiles

9. Recent Developments and Initiatives

10. Patent Analysis

11. Grants Analysis

12. Market Forecast and Opportunity Analysis

13. Concluding Remarks

14. Executive Insights from Primary Research

To view more details on this report, click on the link
https://www.rootsanalysis.com/....reports/tissue-engin

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About Roots Analysis
Roots Analysis is a global leader in the pharma / biotech market research. Having worked with over 750 clients worldwide, including Fortune 500 companies, start-ups, academia, venture capitalists and strategic investors for more than a decade, we offer a highly analytical / data-driven perspective to a network of over 450,000 senior industry stakeholders looking for credible market insights.

Contact:
Ben Johnson
+1 (415) 800 3415
Ben.johnson@rootsanalysis.com

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