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Increasing Demand for Comfort Features and Need for Power Extension to Uplift the Thermal Management Market

The Automotive Battery Thermal Management System Market is projected to grow at a CAGR of 16.05% during the forecast period, from $ 1.29 Billion in 2017 to $ 4.24 Billion by 2025. Factors such as improved battery performance and efficiency, integration of automotive battery thermal management system with other electric thermal management systems, and stringent emission regulations by governments have forced the manufacturers to move towards the adoption of hybrid and electric vehicle technology.

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Increasing Demand for Comfort Features and Need for Power Extension to Uplift the Thermal Management Market

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  1. Automotive Battery Thermal Management System Market by Propulsion (BEV, HEV, PHEV, & FCV), Technology (Active and Passive), Vehicle Type (Passenger & Commercial), Battery Type (Conventional & Solid-State), Battery Capacity, and Region - Forecast to 2025 www.MarketsandMarkets.com

  2. BEVs are estimated to showcase the largest demand for automotive battery thermal management system The BEV segment is estimated to hold the largest share of the automotive battery thermal management system market. The demand for automotive battery thermal management system in BEVs is influenced by the total sales of BEVs. According to MarketsandMarkets analysis, the BEV sales are projected to grow from 431.3 thousand units in 2017 to 7.2 million units by 2025. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=184479896

  3. Active technology to be the fastest growing segment of the automotive battery thermal management system market The active technology segment is projected to witness the fastest growth during the forecast period. The growth of this segment can be attributed to the increased efficiency, improved battery performance, and long life from active technology battery thermal management system. The growth can also be attributed to the high growth projections of BEVs in countries such as China and Japan. For instance, China has an ambitious plan of going all electric by 2025. Hence, this system is expected to experience the highest growth during the forecast period. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=184479896

  4. The passenger vehicles segment is projected to hold the largest market share during the forecast period. The growth of this segment can be attributed to the various initiatives by government bodies to improve EV adoption rate across the world. The growth can also be attributed to the high growth projections of BEVs and PHEVs in several countries. China, for example, has an ambitious plan of going all electric by 2025. Both these vehicle types have a major market share in the passenger vehicle segment. Hence, this segment is expected to experience the highest growth during the forecast period. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=184479896

  5. Asia Pacific is expected to be the largest market for automotive battery thermal management system The automotive battery thermal management system market for the Asia Pacific is estimated to be the largest, owing to the presence of key countries such as China, Japan, India, and South Korea, which constitute the highest sales of electric and hybrid vehicles globally. According to MarketsandMarkets analysis, China and Japan constitute 50-55% share of the total electric vehicles sold globally. Hence, the Asia Pacific region is estimated to be the largest market for automotive battery thermal management system. Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=184479896

  6. Market Ecosystem: The ecosystem of the automotive battery thermal management system market consists of battery thermal management system manufacturers such as LG Chem (South Korea), Continental (Germany), GenTherm (US), Robert Bosch (Germany), Valeo (France), Calsonic Kansei (Japan), DANA (US), Hanon Systems (Korea), Samsung SDI (Korea), Mahle (Germany), VOSS Automotive (Germany), CapTherm Systems (Canada), and others. Buy Now: https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=184479896

  7. Browse >> 90market data tables 53figures 153 pagesand in-depth TOC "Automotive Battery Thermal Management System Market by Propulsion (BEV, HEV, PHEV, & FCV), Technology (Active and Passive), Vehicle Type (Passenger & Commercial), Battery Type (Conventional & Solid-State), Battery Capacity, and Region - Forecast to 2025” Early buyers will receive 10% customization on this report. This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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