Automotive Thermal Management
The rising demand for electronic vehicles (EV) is projected to propel the growth of the global automotive thermal management market. For instance, in 2020, several European regions witnessed additional growth in EV sales, and the European areas captured approximately 43% of global EV sales in 2020.
The increasing focus of the key players to expand thermal management system is expected to augment growth of the Automotive Thermal Management Market. For instance, in December 2021, Volvo verified its new thermal management system that heats a truck’s batteries utilizing electrical compounds and electronic CUs.
