Automotive Battery Thermal Management System Market Popular Trends & Technological Advancements To Watch Out For Near Future; Global Industry Analysis 2024

The Global automotive battery thermal management system market is estimated to reach USD 3.2 Billion in 2024 at a CAGR of 16.9 %. Increase in improvement of electrical performance and battery life and increase in demand of electric vehicle from emerging economies is expected to drive the automotive battery thermal management system market during the forecast period. However, high manufacturing cost are expected to restrain the market during the forecast period. Rise in adoption of advanced lithium-ion batteries and increase need for thermal protection due to safety considerations are expected to become an opportunity for automotive battery thermal management system market.

 

Automotive battery thermal management system increases the temperature of battery and maintains the optimum operating temperature to maximize output efficiency and prolong battery life. This system has a heating and cooling capabilities to maintain the battery cell temperature within the specified time range. This system plays a vital role in controlling the thermal behavior of the battery. Some key players in automotive battery thermal management system are Continental AG, LG Chem., GENTHERM., Marelli Corporation and SAMSUNG SDI CO.LTD. among others.

 

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 Automotive Battery Thermal Management System: Trends, Segmentation & Drivers

This market research report offers a comprehensive analysis of key market trends in the global automotive battery thermal management system market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by tactful feedbacks. On the basis of battery type, the market is segmented into solid-state battery and conventional battery. Based on technology, the market can be segmented into air cooling and heating system, liquid cooling and heating system, direct refrigerant cooling and heating system, phase change material (PCM) system, thermo-electric system and others. Based on application, the market can be segmented into battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), hybrid electric vehicles (HEVs) and fuel cell electric vehicles. Based on vehicle-type, the market can be segmented into passenger car and commercial vehicle. Based on end user, the market can be segmented into original equipment manufacturer (OEM) and aftermarket. The regional analysis is covered under five major regions such as North America, South America, Europe, Asia-Pacific, Middle East & Africa, and South America, with individual country-level analysis.

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Automotive Battery Thermal Management System: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

 

AUTOMOTIVE BATTERY THERMAL MANAGEMENT SYSTEM Market by Battery Type

  • Solid-State Battery
  • Conventional Battery

 

AUTOMOTIVE BATTERY THERMAL MANAGEMENT SYSTEM Market by Technology

  • Air Cooling and Heating System
  • Liquid Cooling and Heating System
  • Direct Refrigerant Cooling and Heating System
  • Phase Change Material (PCM) System
  • Thermo-Electric System
  • Others

AUTOMOTIVE BATTERY THERMAL MANAGEMENT SYSTEM Market by Application

  • Battery Electric Vehicles (BEVs)
  • Plug-In Hybrid Electric Vehicles (PHEVs)
  • Hybrid Electric Vehicles (HEVs)
  • Fuel Cell Electric Vehicles

 

AUTOMOTIVE BATTERY THERMAL MANAGEMENT SYSTEM Market by Vehicle-Type

  • Passenger Car
  • Commercial Vehicle

 

AUTOMOTIVE BATTERY THERMAL MANAGEMENT SYSTEM Market by End-User

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

 

AUTOMOTIVE BATTERY THERMAL MANAGEMENT SYSTEM Market by Region

 

  • Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
  • North America (US, Canada, Mexico)
  • Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
  • Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
  • South America (Brazil, Argentina, Rest of South America)

 

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