The global automotive battery thermal management system market is anticipated to develop at a compound annual growth rate of around 16% over the forecast period, buoyed by the expanding demand for electric vehicles. Governmental incentives for battery electric vehicles (BEVs) and the implementation of charging infrastructure also play a part in boosting the market over the next five years. Additionally, advances in vehicle automation are helping to propel the growing trend in the market.
A battery thermal management system in an automobile is the device responsible for overseeing the warmth generated during the electrochemical reactions inside the cells, enabling the battery to function properly and safely. This automotive battery thermal management system ensures that the temperature within a battery pack stays within the designated range. Moreover, auto makers are veering toward electric and substitute fuel vehicles due to the higher necessity for automotive battery thermal management system for superior range.
The Automotive Battery Thermal Management System Industry comprises the market for technology and systems utilized for keeping the temperature of batteries in Electric Vehicles (EVs) and Hybrid Electric Vehicles (HEVs) in the optimal range, boosting their efficacy and prolonging their life span.
The global automotive battery thermal management system market is bifurcated based on vehicle type, technology, battery type, battery capacity, propulsion, company, and region. Passenger cars constitute the major segment of the market and are estimated to sustain their leadership position during the upcoming five years, owing to several governmental initiatives directed towards encouraging the adoption of EVs and the augmenting demand and production of passenger cars.
Browse report (Global Automotive Battery Thermal Management System Market By Vehicle Type (Passenger Cars and Commercial Vehicles), By Technology (Active Vs Passive), By Battery Type (Conventional Batteries and Solid-State Batteries), By Battery Capacity (<100 kWh, 100–200 kWh, 200–500 kWh and >500 kWh), By Propulsion (BEV, HEV, PHEV, & FCV), By Company, By Region, Forecast & Opportunities, 2028) – https://www.techsciresearch.com/report/global-automotive-battery-thermal-management-system-market/2418.html
Geographically, the Asia-Pacific region is likely to witness the swiftest expansion in the market during the forecast period, due to its recognition as the greatest automotive market.
Prominent players in the automotive battery thermal management system market comprise Continental AG, LG Chem, Ltd., Gentherm, Robert Bosch, Valeo, Calsonic Kansei, Dana, Hanon Systems, Mahle GmbH, Samsung SDI Company Limited, and others. Key market players are leveraging aggressive strategies such as mergers & acquisitions, partnership, and agreements, with the intention of widening their geographical scope and enhancing their customer base.
Recent Developments –
LG Chem, Valeo, Hanon Systems, Samsung SDI Co., Ltd., Dana Limited, Gentherm Inc, Calsonic Kansei Corporation (Marelli Corporation) and Robert Bosch GmbH are among the leading firms who have a considerable share of the automotive battery thermal management system industry. These top market players have utilized various strategies, such as product launch, acquisition, expansion, and others, to enhance their foothold in the automotive battery thermal management system sector.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers and presence of all major players across the globe.
TechSci Research calculated the market size of global automotive battery thermal management system market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Automotive battery thermal management system manufacturers
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to automotive battery thermal management system
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, global automotive battery thermal management system market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Global Automotive Battery Thermal Management System Market, By Vehicle Type:
- Passenger Cars
- Commercial Vehicles
- Global Automotive Battery Thermal Management System Market, By Technology:
- Active
- Passive
- Global Automotive Battery Thermal Management System Market, By Battery Type:
- Conventional Batteries
- Solid-State Batteries
- Global Automotive Battery Thermal Management System Market, By Battery Capacity:
- <100 kWh
- 100–200 kWh
- 200–500 kWh
- >500 kWh
- Global Automotive Battery Thermal Management System Market, By Propulsion:
- BEV
- HEV
- PHEV
- FCV
- Global Automotive Battery Thermal Management System Market, By Region:
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About TechSci Research:
TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.
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