유럽의 전기자동차용 히트펌프 시스템 시장 예측(-2031년) : 추진 유형, 컴포넌트, 차종별 지역 분석

The Europe electric vehicle heat pump systems market was valued at US$ 187.96 million in 2023 and is expected to reach US$ 799.90 million by 2031; it is estimated to register a CAGR of 19.8% from 2023 to 2031.

Government Initiatives toward Vehicle Electrification Drive Europe Electric Vehicle Heat Pump Systems Market

The transportation industry is one of the main contributors to air pollution. Governments of different economies are focusing on reducing carbon emissions to protect the environment from pollution. Among many initiatives to protect the environment, many countries are experiencing a surge in the adoption of electric vehicles, which do not emit harmful gases. In the UK, the government provided grants for electric vehicles, such as grants for electric vehicle charging stations and grants for infrastructure. Therefore, increasing government focus and support toward vehicle electrification drives the electric vehicle heat pump systems market.

Europe Electric Vehicle Heat Pump Systems Market Overview

The European Union has taken substantial measures to lower carbon emissions from the automotive sector. In March 2023, new CO2 standards were adopted for cars and vans, targeting the mandate of ~55% reduction in emissions for new cars and ~50% reduction for new vans by 2030 compared to 2021 levels; the EU further aims to achieve ~100% reduction for these vehicle categories by 2035. Its Net Zero Industry Act aims to have ~90% of the EU's annual battery demand met by EU battery manufacturers. This includes achieving a manufacturing capacity of at least 550 GWh by 2030. While Europe accounts for ~25% of the global EV production, it has limited its involvement in the EV supply chain to ~20%, except for cobalt processing. Despite this, the well-established EV business, coupled with ambitious regulatory initiatives, fuels the growth of the electric vehicle market in Europe, which is anticipated to steer the development of the electric vehicle heat pump system market in the region. The EV sales in Europe are witnessing a rise in the number of new registrations of EVs across the region. Charging infrastructure is another major factor that is expected to benefit Europe's EV sales. According to the Association des Constructeurs Europeens d'Automobiles (ACEA), Europe is anticipated to reach the proposed ~55% CO2 reduction for passenger cars by 2030. Moreover, up to ~279,000 and ~56,000 charging points will be required for trucks and buses, respectively, by 2030. This data shows that the probable establishment of a robust charging infrastructure is anticipated to offer lucrative opportunities for the European electric vehicle market, which drives the demand for electric vehicle heat pump systems. The favorable government policies, legislation, incentives, funding, research, and taxation are contributing to the higher adoption of EVs and PHEVs. To pioneer emission reduction efforts through transportation, most of the Danish Parliament members passed an agreement for the green transition of road transport. According to the agreement, the government is planning to incorporate ~775,000 electric cars into the automotive ecosystem of Denmark by 2030. Thus, these favorable government policies are driving EV sales, which positively influences the electric vehicle heat pump system market in Europe. The presence of well-established automotive players such as Volvo, Volkswagen, Kia, Toyota, BMW, Audi, Mercedes, Skoda, Renault, and Nissan contribute to the growth of the automotive sector in Sweden, which fuels the market growth in Europe.

Europe Electric Vehicle Heat Pump Systems Market Revenue and Forecast to 2031 (US$ Million)

Europe Electric Vehicle Heat Pump Systems Market Segmentation

The Europe electric vehicle heat pump systems market is categorized into propulsion type, component, vehicle type, and country.

Based on propulsion type, the Europe electric vehicle heat pump systems market is categorized into BEV, HEV, and PHEV. The BEV segment held the largest market share in 2023.

In terms of component, the Europe electric vehicle heat pump systems market is categorized into evaporator, condenser, compressors, and others. The compressors segment held the largest market share in 2023.

By vehicle type, the Europe electric vehicle heat pump systems market is bifurcated into passenger vehicle and commercial vehicle. The passenger vehicle segment held a larger market share in 2023.

By country, the Europe electric vehicle heat pump systems market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Germany dominated the Europe electric vehicle heat pump systems market share in 2023.

Denso Corp, Modine Manufacturing Co, Hanon Systems, Mahle GmbH, Rheinmetall AG, Valeo SE, Mitsubishi Heavy Industries Ltd, TitanX Holding AB, SANDEN Corp, and Highly Marelli Holdings Co., Ltd. are some of the leading companies operating in the Europe electric vehicle heat pump systems market.

Table Of Contents

1. Introduction

• 1.1 The Insight Partners Research Report Guidance
• 1.2 Market Segmentation

2. Executive Summary

• 2.1 Key Insights
• 2.2 Market Attractiveness

3. Research Methodology

• 3.1 Secondary Research
• 3.2 Primary Research
  • 3.2.1 Hypothesis formulation:
  • 3.2.2 Macro-economic factor analysis:
  • 3.2.1 Developing base number:
  • 3.2.2 Data Triangulation:
  • 3.2.3 Country level data:

4. Europe Electric Vehicle Heat Pump Systems Market Landscape

• 4.1 Overview
• 4.2 Ecosystem Analysis
  • 4.2.1 Raw Material and Component Suppliers
  • 4.2.2 Electric Vehicle Heat Pump System Manufacturers
  • 4.2.3 End User
  • 4.2.4 List of Vendors in the Value Chain

5. Europe Electric Vehicle Heat Pump Systems Market - Key Market Dynamics

• 5.1 Market Drivers
  • 5.1.1 Increasing Demand for Energy-Efficient Heating Systems to Expand Driving Range
  • 5.1.2 Government Initiatives toward Vehicle Electrification
• 5.2 Market Restraints
  • 5.2.1 High Initial Cost of Heat Pump Systems
• 5.3 Market Opportunities
  • 5.3.1 Key Strategic Developments in EV Heat Pump Systems
• 5.4 Future Trends
  • 5.4.1 Role of Electric Vehicles in Energy Transition
• 5.5 Impact of Drivers and Restraints:

6. Electric Vehicle Heat Pump Systems Market - Europe Analysis

• 6.1 Europe Electric Vehicle Heat Pump Systems Market Overview
• 6.2 Electric Vehicle Heat Pump Systems Market Revenue (US$ Million), 2021-2031
• 6.3 Electric Vehicle Heat Pump Systems Market Forecast Analysis

7. Europe Electric Vehicle Heat Pump Systems Market Analysis - by Propulsion Type

• 7.1 BEV
  • 7.1.1 Overview
  • 7.1.2 BEV: Electric Vehicle Heat Pump Systems Market - Revenue and Forecast to 2031 (US$ Million)
• 7.2 HEV
  • 7.2.1 Overview
  • 7.2.2 HEV: Electric Vehicle Heat Pump Systems Market - Revenue and Forecast to 2031 (US$ Million)
• 7.3 PHEV
  • 7.3.1 Overview
  • 7.3.2 PHEV: Electric Vehicle Heat Pump Systems Market - Revenue and Forecast to 2031 (US$ Million)

8. Europe Electric Vehicle Heat Pump Systems Market Analysis - by Component

• 8.1 Evaporator
  • 8.1.1 Overview
  • 8.1.2 Evaporator: Electric Vehicle Heat Pump Systems Market - Revenue and Forecast to 2031 (US$ Million)
• 8.2 Condenser
  • 8.2.1 Overview
  • 8.2.2 Condenser: Electric Vehicle Heat Pump Systems Market - Revenue and Forecast to 2031 (US$ Million)
• 8.3 Compressors
  • 8.3.1 Overview
  • 8.3.2 Compressors: Electric Vehicle Heat Pump Systems Market - Revenue and Forecast to 2031 (US$ Million)
• 8.4 Others
  • 8.4.1 Overview
  • 8.4.2 Others: Electric Vehicle Heat Pump Systems Market - Revenue and Forecast to 2031 (US$ Million)

9. Europe Electric Vehicle Heat Pump Systems Market Analysis - by Vehicle Type

• 9.1 Passenger Vehicle
  • 9.1.1 Overview
  • 9.1.2 Passenger Vehicle: Electric Vehicle Heat Pump Systems Market - Revenue and Forecast to 2031 (US$ Million)
• 9.2 Commercial Vehicle
  • 9.2.1 Overview
  • 9.2.2 Commercial Vehicle: Electric Vehicle Heat Pump Systems Market - Revenue and Forecast to 2031 (US$ Million)

10. Europe Electric Vehicle Heat Pump Systems Market - Country Analysis

• 10.1 Europe
  • 10.1.1 Europe: Electric Vehicle Heat Pump Systems Market Breakdown, by Key Country, 2023 and 2031 (%)
    • 10.1.1.1 Europe: Electric Vehicle Heat Pump Systems Market - Revenue and Forecast Analysis - by Country
    • 10.1.1.2 Germany: Electric Vehicle Heat Pump Systems Market - Revenue and Forecast to 2031 (US$ Million)
      • 10.1.1.2.1 Germany: Electric Vehicle Heat Pump Systems Market Breakdown, by Propulsion Type
      • 10.1.1.2.2 Germany: Electric Vehicle Heat Pump Systems Market Breakdown, by Component
      • 10.1.1.2.3 Germany: Electric Vehicle Heat Pump Systems Market Breakdown, by Vehicle Type
    • 10.1.1.3 France: Electric Vehicle Heat Pump Systems Market - Revenue and Forecast to 2031 (US$ Million)
      • 10.1.1.3.1 France: Electric Vehicle Heat Pump Systems Market Breakdown, by Propulsion Type
      • 10.1.1.3.2 France: Electric Vehicle Heat Pump Systems Market Breakdown, by Component
      • 10.1.1.3.3 France: Electric Vehicle Heat Pump Systems Market Breakdown, by Vehicle Type
    • 10.1.1.4 Italy: Electric Vehicle Heat Pump Systems Market - Revenue and Forecast to 2031 (US$ Million)
      • 10.1.1.4.1 Italy: Electric Vehicle Heat Pump Systems Market Breakdown, by Propulsion Type
      • 10.1.1.4.2 Italy: Electric Vehicle Heat Pump Systems Market Breakdown, by Component
      • 10.1.1.4.3 Italy: Electric Vehicle Heat Pump Systems Market Breakdown, by Vehicle Type
    • 10.1.1.5 United Kingdom: Electric Vehicle Heat Pump Systems Market - Revenue and Forecast to 2031 (US$ Million)
      • 10.1.1.5.1 United Kingdom: Electric Vehicle Heat Pump Systems Market Breakdown, by Propulsion Type
      • 10.1.1.5.2 United Kingdom: Electric Vehicle Heat Pump Systems Market Breakdown, by Component
      • 10.1.1.5.3 United Kingdom: Electric Vehicle Heat Pump Systems Market Breakdown, by Vehicle Type
    • 10.1.1.6 Russia: Electric Vehicle Heat Pump Systems Market - Revenue and Forecast to 2031 (US$ Million)
      • 10.1.1.6.1 Russia: Electric Vehicle Heat Pump Systems Market Breakdown, by Propulsion Type
      • 10.1.1.6.2 Russia: Electric Vehicle Heat Pump Systems Market Breakdown, by Component
      • 10.1.1.6.3 Russia: Electric Vehicle Heat Pump Systems Market Breakdown, by Vehicle Type
    • 10.1.1.7 Rest of Europe: Electric Vehicle Heat Pump Systems Market - Revenue and Forecast to 2031 (US$ Million)
      • 10.1.1.7.1 Rest of Europe: Electric Vehicle Heat Pump Systems Market Breakdown, by Propulsion Type
      • 10.1.1.7.2 Rest of Europe: Electric Vehicle Heat Pump Systems Market Breakdown, by Component
      • 10.1.1.7.3 Rest of Europe: Electric Vehicle Heat Pump Systems Market Breakdown, by Vehicle Type

11. Competitive Landscape

• 11.1 Company Positioning & Concentration

12. Industry Landscape

• 12.1 Overview
• 12.2 Market Initiative
• 12.3 Product Development

13. Company Profiles

• 13.1 Denso Corp
  • 13.1.1 Key Facts
  • 13.1.2 Business Description
  • 13.1.3 Products and Services
  • 13.1.4 Financial Overview
  • 13.1.5 SWOT Analysis
  • 13.1.6 Key Developments
• 13.2 Modine Manufacturing Co
  • 13.2.1 Key Facts
  • 13.2.2 Business Description
  • 13.2.3 Products and Services
  • 13.2.4 Financial Overview
  • 13.2.5 SWOT Analysis
  • 13.2.6 Key Developments
• 13.3 Hanon Systems
  • 13.3.1 Key Facts
  • 13.3.2 Business Description
  • 13.3.3 Products and Services
  • 13.3.4 Financial Overview
  • 13.3.5 SWOT Analysis
  • 13.3.6 Key Developments
• 13.4 Mahle GmbH
  • 13.4.1 Key Facts
  • 13.4.2 Business Description
  • 13.4.3 Products and Services
  • 13.4.4 Financial Overview
  • 13.4.5 SWOT Analysis
  • 13.4.6 Key Developments
• 13.5 Rheinmetall AG
  • 13.5.1 Key Facts
  • 13.5.2 Business Description
  • 13.5.3 Products and Services
  • 13.5.4 Financial Overview
  • 13.5.5 SWOT Analysis
  • 13.5.6 Key Developments
• 13.6 Valeo SE
  • 13.6.1 Key Facts
  • 13.6.2 Business Description
  • 13.6.3 Products and Services
  • 13.6.4 Financial Overview
  • 13.6.5 SWOT Analysis
  • 13.6.6 Key Developments
• 13.7 Mitsubishi Heavy Industries Ltd
  • 13.7.1 Key Facts
  • 13.7.2 Business Description
  • 13.7.3 Products and Services
  • 13.7.4 Financial Overview
  • 13.7.5 SWOT Analysis
  • 13.7.6 Key Developments
• 13.8 TitanX Holding AB
  • 13.8.1 Key Facts
  • 13.8.2 Business Description
  • 13.8.3 Products and Services
  • 13.8.4 Financial Overview
  • 13.8.5 SWOT Analysis
  • 13.8.6 Key Developments
• 13.9 SANDEN Corp
  • 13.9.1 Key Facts
  • 13.9.2 Business Description
  • 13.9.3 Products and Services
  • 13.9.4 Financial Overview
  • 13.9.5 SWOT Analysis
  • 13.9.6 Key Developments
• 13.10 Highly Marelli Holdings Co., Ltd.
  • 13.10.1 Key Facts
  • 13.10.2 Business Description
  • 13.10.3 Products and Services
  • 13.10.4 Financial Overview
  • 13.10.5 SWOT Analysis
  • 13.10.6 Key Developments

14. Appendix

• 14.1 About The Insight Partners