Automotive Battery Thermal Management System Market is predicted to reach USD 59.94 billion at a CAGR of 4 % during the forecast period

Pune, India, Sep 2022, MRFR Press Release/Market Research Future has published a Cooked Research Report on the Global Automotive Battery Thermal Management System Market.

The Battery Thermal Management System (BTMS) plays a vital role in controlling the thermal behaviour of battery cells. The battery thermal management system market manufacturers are testing new materials, arrangements, design, and technologies to improve the overall durability of the powertrain technology. Battery manufacturers are facing issues in energy consumption of automotive electrical equipment. Stringent emission norms will enable key battery manufacturers to adopt the latest energy-efficient technologies.

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Automotive Battery Thermal Management System

Market Synopsis

According to the MRFR analysis, the global Automotive Battery Thermal Management System market size is projected to reach USD 59.94 billion by 2030 at a CAGR of 4 %.

Increase in demand for electric vehicles, increasing fuel prices, and government initiatives will spur market growth. The global automotive battery thermal management system market has been segmented based on technology, propulsion, and vehicle type. With the continuous spread of the novel coronavirus across the world, automakers are taking extreme measures in the form of plant closures to halt the spread of COVID-19. The situation remains uncertain as more European companies suspend work activities, and the US and APAC automakers extend shutdown periods.

The automakers' plans on North American production are an effort to slow the spread of the COVID-19 virus; however, currently the region is the global epicentre of the outbreak, with the daily number of confirmed cases outstripping the number in any other region. In the US and Canada, the response of government has been a combination of state or provincial, federal, and local measures. In other regions, the countries' governments are applying seemingly ever-more stringent conditions on social interaction, travel, and workplace attendance.

Battery Thermal Management System Market Competitive Landscape

The global automotive battery thermal management system market is characterized by the presence of many local, regional, and global vendors. The market is highly competitive, with all the players continually competing to gain a larger market share. High competition, rapid advances in technology, frequent changes in government policies, and stringent environmental regulations are some of the critical factors that could restrain the battery thermal management system market growth. The vendors compete in terms of cost, product quality, reliability, and aftermarket services. Vendors must provide cost-effective and efficient products to survive and succeed in a competitive market environment.

LG Chem, Continental AG, Gentherm, Robert Bosch GmbH, Valeo, Marelli Corporation, Dana Limited, Hanon Systems, Samsung SDI CO., LTD, MAHLE GmbH, VOSS Automotive GmbH are the major players in the battery thermal management system market.

Segmentation:

Automotive Battery Thermal Management System Market Based on Technology:

• Air: The air thermal management system uses air as the thermal medium. This system uses a fan with forced air to remove heat from the automotive batteries. It is the lowest cost method and is easier to design as it does not have to interface with other thermal management systems in the vehicle. The system is classified into two categories: active systems and passive systems. The active cooling system uses fans to enhance the natural air to maintain the battery temperature. On the other hand, passive cooling systems use outside air and vehicular movement to cool the battery.


• Liquid: The liquid battery cooling system is based on a flat heat pipe and has a good thermal management effect on a single battery pack. It is the most effective way to eliminate heat from the battery pack. The liquid coolants have a higher heat capacity and heat conductivity than air and supply the best performance for maintaining battery temperature. There are mainly two types of liquids applied to thermal management systems, i.e., direct-contact liquid and indirect-contact liquid. The direct-contact liquid includes mineral oil, which can contact the battery cell directly.


• Phase Change Material: A phase change material (PCM) tends to absorb, store, and release latent heat over a specified temperature range when the material changes its phase. When the temperature goes lower than the melting point, this system gets solid and absorbed as sensible heat with rising temperature. The melting temperature of phase change material is variable, and it can be chosen according to the requirements.


• Thermo Electrics: The thermoelectric is based on the direct conversion of electric voltage to the temperature difference and vice versa via a thermocouple. When there is a different temperature, the thermoelectric device creates a voltage on each side. Thermoelectric coolers are used in automotive battery thermal management systems to maintain the temperature of the battery. The main advantages of these coolers are that they are stable, relatively quiet, and reliable. In addition, the battery temperature can be easily maintained by varying the voltage.

Automotive Battery Thermal Management System Market Based on Propulsion:

• Hybrid Electric Vehicles: A hybrid electric vehicle (HEV) is a vehicle that uses both electricity and fuel injection to run. The battery helps fuel to be used more efficiently, while fuel recharges the battery. A hybrid vehicle cannot be plugged in to charge the battery; instead, they use regenerative braking and ICE to charge. Modern hybrid vehicles use efficiency-improving technologies such as regenerative brakes and start-stop systems. The focus on lowering the emission rates and improving the fuel economy of vehicles are driving the sales of hybrid electric vehicles.


• Battery Electric Vehicles: Battery electric vehicles are vehicles that are solely electricity powered and have no secondary source of propulsion, such as hydrogen cell, ICE, etc. Instead of ICEs, they use rechargeable batteries and electric motors, motor controllers for propulsion. BEVs’ zero emission during use and high energy efficiency are reducing environmental emissions in the transportation sector. Battery electric vehicles are tax-free in some applications, thus provide true economic advantages. Moreover, the ban on ICE vehicles in many countries has created growth opportunities for the BEV fleet.


• Plug-in Hybrid Electric Vehicles: Plug-in hybrid vehicles are a subset of hybrids that allows batteries to be recharged by plugging into an external electricity source. The plug-in hybrid electric vehicles combine the advantages of electric vehicles with those of a combustion engine vehicle. Plug-In hybrid vehicles can operate on a combination of electricity and gasoline, depending on the configuration of vehicle and power needs. Compared to the BEVs, this extends the total driving range but lowers the all-electric range. PHEVs are capable of being plugged in and recharged through an outlet, which enables them to drive long distances by utilizing just electricity.


• Fuel Cell Vehicle: Fuel cell electric vehicles use a propulsion system similar to EVs. These vehicles are more efficient than conventional IC engine vehicles. Fuel cell vehicles are fueled with pure hydrogen gas, which is stored in the vehicle’s tank. These vehicles are equipped with advanced technologies that increase the efficiency of the vehicle. These include a regenerative braking system that reproduces the energy lost during the barking, and this energy is stored in the battery.

Automotive Battery Thermal Management System Market Based on Vehicle type:

• Passenger Cars: A passenger car is used to carry passengers rather than goods. There is an increase in the demand for passenger vehicles, owing to the increase in population, high purchasing power, and favorable regulations. The focus of automotive manufacturers on reducing fuel consumption by reducing CO2 emissions is expected to increase the demand for electric passenger cars. Hence, the passenger car segment is expected to register notable growth during the forecast period.


• Commercial Vehicle: Commercial vehicles include mini-vans, pickup trucks, and buses. The development of the processing, manufacturing, and logistics sectors, along with the continuous growth in the tourism and hospitality industries, are increasing the demand for commercial vehicles. In addition, an increase in demand for safety, comfort, and traction features among drivers in commercial vehicles is expected to raise the demand for automotive battery thermal management system market.

Automotive Battery Thermal Management System Market Based on region:

• North America: North America is known for the quick adoption of new, advanced technologies due to the high GDP and employment rate. The region has witnessed notable growth in the demand for electric vehicles in the past few years. In North America, since 2014, the sale of electric cars has doubled, which implies that the demand for battery thermal management system market has risen at a rapid pace. The US is one of the key exporters of electric vehicles due to the presence of major electric vehicle manufacturers, such as BMW and Tesla Motors. The federal government is capitalizing on the opportunity to retrain workers and increasing the investment stimulus fund in the domestic industry.


• Europe: The European Union (EU) is responsible for developing a more sustainable circular economy and carbon-free transport system. The developing circular economy will increase resource efficiency and will reduce the environmental impact of transport. The manufacturers in Europe have followed two different approaches for developing electric vehicles models: conversion and purpose. The ‘conversion’ approach incorporates new technology (an electric motor and battery) in the existing model. The ‘purpose’ approach involves the development of new vehicles that are incorporated with the latest technologies.


• Asia-Pacific: Asia-Pacific is the largest market for automobiles and comprises emerging economies such as China and India and developed nations such as Japan and South Korea. In recent years, the region has emerged as a hub for automobile production. The possibility of reducing carbon emissions by electrifying transportation has caught the attention of local and national government officials across the region. As a result, the use of electric vehicles is highly prevalent in Asia-Pacific. The governments have also provided various incentives in the form of subsidies and tax exemptions to increase the adoption of electric vehicles in many countries.


• Middle East and Africa: The Middle East market plays a vital role in the penetration of electric vehicles in the global battery thermal management system The UAE government has taken various initiatives to reduce emissions generated from road transport. The deployment of EVs will create an economic change in the Middle East, which will impact the automotive battery thermal management system market in the future. In the Middle East, the UAE government proposed a development plan for electric vehicles. The government is trying to reduce the consumption of road transport footprints to enhance the demand for green mobility electric vehicles.


• South America: In South America, electric transport is at an early stage, with only a few thousand electric vehicles in circulation in the region. Most of the cars are used by corporates or the government, with only a few hundred electric vehicles owned by private individuals. South America has many barriers for the use of electric vehicles, including the limited incentives offered by the governments in the region. However, the expansion and deployment of EVs in the region are expected to offer benefits such as improved air quality and public health, thereby increasing the automotive battery thermal management system market across the region.