The global automotive battery thermal management system Market size is expected to be worth US$ 4 Bn by 2026 and the market will rise at a magnificent 38.12% CAGR during the forecast period 2020 to 2027.
Rising global move towards the electric horizon has set open millions of opportunities for grabs in the automotive battery thermal management system market. The need for innovation, and constant need to find better alternatives to improve engines has put traditional players in the battery management systems at loggerheads with new developments, which promises to make the market an innovative, and exciting prospect. The rising demand for electric vehicles from consumers has confirmed worldwide belief among electric vehicle manufacture that the development is eminent, and promises dynamic growth for the market during 2018-2026 period.
The increased interest in automotive battery thermal management system market by several new players, and rising innovations sponsored by major global vehicle manufacturing companies are expected to drive growth in near future. The increased worldwide government push towards an electric horizon, and stringent regulations and infrastructure developments towards supporting growth of electric vehicles will provide the much needed impetus for growth during the same period. In countries like China, electric vehicle infrastructure supported with advanced IoV has already been implemented in key regions, which is expected to drive growth of new opportunities in the region.
The Automotive Battery Thermal Management System market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Automotive Battery Thermal Management System market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Automotive Battery Thermal Management System market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Automotive Battery Thermal Management System market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Automotive Battery Thermal Management System market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Automotive Battery Thermal Management System capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Automotive Battery Thermal Management System by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Automotive Battery Thermal Management System market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Automotive Battery Thermal Management System market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Automotive Battery Thermal Management System market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Automotive Battery Thermal Management System industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Automotive Battery Thermal Management System market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Automotive Battery Thermal Management System market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Automotive Battery Thermal Management System market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Automotive Battery Thermal Management System market. These factors have benefited the growth of the global market for Automotive Battery Thermal Management System. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Automotive Battery Thermal Management System. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
OEM Segment Remains Most Promising in the Automotive Battery Thermal Management System Market
Batteries have always been an essential component of engine, and vehicle management. However, these are expected to rise in status in electric vehicle, as earlier their function was limited to supporting functions like lighting, ignition, and entertainment systems among others. However, electric systems shift its usage to the key necessity of additional storage of electrical energy, and growth in new applications such as IoT which make way for new functions like automated driving. The key demand for energy efficiency, and vital role of thermal management systems in these functions are expected to create lucrative opportunities for new players in the automotive battery thermal management system market. with economies of scale, electric vehicles are expected to surge in sales. According to recent estimates, electric vehicles will constitute 40% of total sales in passenger vehicles by 2040. Moreover, the growing demand for battery cooling, and energy efficiency, will drive major growth for the market during the forecast period.
Charging Remains a Key Pain Point in the Market
The rising demand for innovation in the market is focussed on several key areas including simplicity of operations, and management. The nature of coolant used in batteries also comes in different varieties including liquid, and air. The growing diversity in various batteries systems however has created challenge for the charging facilities as standard, and reliable solution remains far out of sight. Currently, companies like Tesla are leading the way to creating charging infrastructure. However, the cost-effectiveness of these systems yet remains a challenge. The pain point in the market can be a significant opportunity for new entrants as simple, and inexpensive thermal management operation will drive major growth in the largest growing OEM segment in the market.
Key players operating in the global automotive battery thermal management system market include Continental AG, LG Chem Ltd., Robert Bosch GmbH, Valeo, Calsonic Kansei Corporation, GENTHERM, Dana Incorporated, MAHLE GmbH, SAMSUN SDI CO. LTD., VOSS Automotive GmbH, CapTherm Systems Inc., Hanon Systems, and Grayson.
Automotive Battery Thermal Management System Market, by System Type
Automotive Battery Thermal Management System Market, by Technology
Automotive Battery Thermal Management System Market, by Battery Capacity
Automotive Battery Thermal Management System Market, by Battery Type
Automotive Battery Thermal Management System Market, by Vehicle Type
Automotive Battery Thermal Management System Market, by Electric Vehicle Type
Automotive Battery Thermal Management System Market, by Region/ by Country/ Sub-region
In this study, the years considered to estimate the market size of Automotive Battery Thermal Management System are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are: