Global Automotive Battery Thermal Management System Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2019–2028
“Global Automotive Battery Thermal Management System Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global automotive battery thermal management system market report has been segmented on the basis of technology, population, vehicle type, and region.
Global Automotive Battery Thermal Management System Market: Overview
The battery management system is an electric system that manages rechargeable batteries in various ways such as reporting data, controlling environment, and protecting the battery from external environmental factors. Battery thermal management has a wide application in the automotive industry.
Global Automotive Battery Thermal Management System Market: Dynamics
Increasing technological improvements in vehicle automation and electrification is a major factor expected to boost demand for automotive battery thermal management system and drives growth of the global market over the forecast period.
In addition, government initiatives in terms of subsidies for battery electric vehicles (BEV) also expected to bolster growth of the automotive battery thermal management system market subsequently over the long run.
Furthermore, increasing research and development activities for automotive battery management is also anticipated to increase adoption of automotive battery thermal management system and drives growth of the market in the next 10 years.
However, high cost of automotive batteries and limited life span of automotive batteries as compared to other commercial batteries may hamper adoption for automotive battery thermal management system and restrain growth of the market to a certain extent.
Global Automotive Battery Thermal Management System Market: Segment Analysis
Among the technology, the air segment is contributing highest share in the global automotive battery thermal management system market and expected to maintain its dominance over the forecast period, owing to increasing adoption of air based automation in battery management.
Among the propulsion, the battery capacity segment contributes leading share in the global automotive battery thermal management system market, as the battery capacity manages the lifespan of automotive battery thermal management system.
Among vehicle type, the passenger segment is expected to account for the highest growth in the global automotive battery thermal management system market, owing to increasing adoption of automotive battery thermal management system in passenger cars based battery electric vehicles propulsion.
Global Automotive Battery Thermal Management System Market: Region Analysis
The North America market is accounted for the highest revenue share in the global market owing to increasing demand for battery thermal management system in vehicles in countries in the region. Europe is also contributing to the second highest share in the global market.
The market in the Asia Pacific is expected to register a lucrative growth in terms of revenue in the global market over the forecast period, owing to government initiatives for an electric vehicle in countries such as India and China in the region.
Global Automotive Battery Thermal Management System Market Segmentation:
Segmentation by Technology:
- Phase Change Material
- Thermo Electrics
Segmentation by Propulsion:
- Battery Capacity
Segmentation by Vehicle Type:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- LG Chem
- Continental Automotive GmbH
- Robert Bosch GmbH
- Valeo SA
- Calsonic Kansei Corporation
- Dana Limited
- Hanon Systems
- SAMSUNG SDI CO., LTD.
- MAHLE GmbH
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