Global Automotive Battery Thermal Management System Market Information by Technology (Air, Liquid, Phase Change Material, Thermo electrics), Propulsion (BEV, HEV, PHEV & FCV), Battery Capacity, Vehicle Type (Passenger & Commercial) and Region – Forecast to 2030

 Automotive Battery Thermal Management System Market Scenario

One of the sustainable alternative powertrain technologies chosen by automakers is electric driven vehicles. Evolution of electric vehicles has significantly developed in the past few years. The popularity of electric vehicles is rising due to stringent emission norms imposed by the government. Battery plays a pivotal role in the electric propulsion system. However, there is some limitation in the operating performance of battery, such as cost, lifespan, specific energy, specific power, and efficiency. Hence, the performance of the battery is an important parameter in order to improve the overall efficiency of the vehicle.

The Battery Thermal Management System (BTMS) plays a vital role in controlling the thermal behavior of battery cells. The battery thermal management system 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. In addition to that, energy efficient technology will minimize heat dissipation through an electric inverter, electric control unit, and water pump in order to improve the overall dynamics of battery thermal management system.  

The factors that are responsible for the growth of automotive battery thermal management system market are rise in awareness of electric vehicles, government initiatives in tax exemption, and subsidies offered in the purchase of electric vehicle. Other key drivers expected to contribute towards the growth of the battery thermal management system market are depletion of oil reserves and investment in charging infrastructure.  

The automotive battery thermal management system market is segmented into technology, propulsion, battery capacity, and vehicle type. On the basis of technology, forced air system and liquid system are widely used and cover the majority of battery thermal management system market. On the basis of propulsion, the Battery Electric Vehicle (BEV) has the largest demand for automotive battery thermal management system. On the basis of vehicle type, passenger vehicles cover the majority of market share. Very few players, such as BYD Co. and Volvo, are present in the electric commercial vehicle industry, which are working on electric driven vehicles.

Automotive Battery Thermal Management System Market, By Segmentation

 

The market is segmented based on America, Asia Pacific, Europe, and Rest of the World. Asia Pacific region is expected to dominate the market in future because of government ambition plan for electric vehicles. For instance, Chinese companies, such as BYD Co. and BAIC Motor Corp., and Japanese companies, such as Nissan and Mitsubishi, are investing huge amount money on electric vehicles. America market is second to the Asia Pacific market in battery thermal management system. Thus, the global automotive battery thermal management system market is estimated to grow at approximately 4% CAGR during the period 2017-2023.

Key Players

The key players in automotive battery thermal management system market are LG Chem (South Korea), Continental (Germany), GenTherm (U.S.), Robert Bosch (Germany), Valeo (France), Calsonic Kansei (Japan), DANA (U.S.), Hanon Systems (Korea), Samsung SDI (Korea), Mahle (Germany), VOSS Automotive (Germany), and CapTherm Systems (Canada), among others.

The report for Global Automotive Battery Thermal Management System Market of Market Research Future comprises extensive primary research, along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives a clear picture of current market scenario, which includes historical and projected market size in terms of value and volume, technological advancement, macro-economic, and governing factors in the market. The report provides detailed information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Report Scope:

Report Attribute/Metric	Details
Market Size	2030 : Significant Value
CAGR	4% CAGR (2020-2030)
Base Year	2019
Forecast Period	2022 to 2030
Historical Data	2019 & 2020
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Technology, By Application, By Vehicle type, Propulsion
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	LG Chem (South Korea), Continental (Germany), GenTherm (U.S.), Robert Bosch (Germany), Valeo (France), Calsonic Kansei (Japan), DANA (U.S.), Hanon Systems (Korea), Samsung SDI (Korea), Mahle (Germany), VOSS Automotive (Germany), and CapTherm Systems (Canada),
Key Market Opportunities	Battery manufacturers to adopt the latest energy-efficient technologies
Key Market Drivers	Rise in awareness of electric vehicles Government initiatives in tax exemption Subsidies offered in the purchase of electric vehicle.

Speak to Analyst Ask for Customization

Frequently Asked Questions (FAQ) :