HOUSTON, Jan. 23, 2023 /PRNewswire/ — Automotive Battery Thermal Management System Market study by “Data Bridge Market Research” provides details about the market dynamics affecting the Automotive Battery Thermal Management System market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years. The Automotive Battery Thermal Management System market research report is absolutely fair and clear research report designed by masters by using top-notch research techniques and tools. SWOT Analysis and Porter’s Five Forces analysis helps to find out the threats, opportunities, strength and weakness present in the Automotive Battery Thermal Management System market. The report is a careful examination of the Automotive Battery Thermal Management System market and gives bits of knowledge about noteworthy techniques, scope, chronicled data, and accurate data of the general market. It moreover joins foreseen bits of knowledge that are evaluated with the assistance of a sensible game plan of frameworks and speculations.
Data Bridge Market Research analyses that the global automotive battery thermal management system market will grow at a CAGR of 23.3% during the forecast period of 2023 to 2030.
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Automotive Battery Thermal Management System Market Analysis:
The thermal management system in an automotive battery is the solution that helps in managing the heat generated during the electrochemical processes occurring in cells, allowing the battery to operate safely and efficiently. An electric vehicle requires effective thermal management systems to keep battery temperatures in the correct range and prevent the temperature from fluctuating inside the battery pack. Thus, thermal management systems play a vital role in a vital role in the control of the battery’s thermal behaviour.
The adoption of electric vehicles is rising globally due to their zero-emission and high tank-to-wheels efficiency. This has made it necessary to have a proper battery management system to reach maximum performance when operating under various conditions. In addition, the rising trend towards increasing charging rates, which would allow faster charging and longer trips, has raised the demand for more efficient thermal management in EVs.
The Automotive Battery Thermal Management System market is being driven by the rising adoption of IoT products. The upsurge in the adoption rate of underwater acoustic modems in naval defense is a major factor driving the market’s growth. The changing insurer’s focus from product-based to consumer-centric strategies is driving up demand for Automotive Battery Thermal Management System equipment market. Other significant factors such as rising awareness amongst insurers towards digital channels, and technological advancement will cushion the growth rate of Automotive Battery Thermal Management System market. Furthermore, upsurge in the adoption rate of cloud-based digital solutions by the insurers to obtain the high scalability will accelerate the growth rate of Automotive Battery Thermal Management System market for the forecast period mentioned above.
Moreover, increasing awareness amongst insurers to access a broader segment of the market and emerging new markets will boost the beneficial opportunities for the Automotive Battery Thermal Management System market growth.
However, difficulties involved in the integration of insurance platforms with legacy systems will act as major retrain and further impede the market’s growth. The dearth of skilled workforce will challenge the growth of the Automotive Battery Thermal Management System market.
List of the leading companies operating in the Automotive Battery Thermal Management System Market includes:
- Robert Bosch GmbH
- Panasonic Holdings Corporation
- Dana Limited
- Hanon Systems
- STMicroelectronics
- Renesas Electronics Corporation
- MAHLE GmbH
- Infineon Technologies AG
- VALEO
- DENSO CORPORATION
- LG Energy Solution
- SAMSUNG SDI CO., LTD.
- Grayson Thermal Systems
- Orion BMS
- LEM International SA
- VOSS Automotive GmbH
- Continental AG
- GENTHERM
- Sensata Technologies, Inc
- MODINE MANUFACTURING COMPANY
Recent Development
In June 2021, GENTHERM announced they are the lead investor in Carrar, an Israel-based technology developer of advanced thermal management systems for the electric mobility market. The investment will help the company to expand its Battery Performance Solutions portfolio with a technology that can improve EV safety, performance, and charging speed.
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Core Objective of Automotive Battery Thermal Management System Market:
Every firm in the Automotive Battery Thermal Management System market has objectives but this market research report focus on the crucial objectives, so you can analysis about competition, future market, new products, and informative data that can raise your sales volume exponentially.
- Automotive Battery Thermal Management System Market Size and growth rate factors.
- Important changes in the future Automotive Battery Thermal Management System Market.
- Top worldwide competitors of the Market.
- Scope and product outlook of Automotive Battery Thermal Management System Market.
- Developing regions with potential growth in the future.
- Tough Challenges and risk faced in Market.
- Global Automotive Battery Thermal Management System top manufacturers profile and sales statistics
Automotive Battery Thermal Management System Market Dynamics: Automotive Battery Thermal Management System Market
Key Drivers
- INCREASE IN DEMAND FOR ELECTRIC VEHICLES
The automotive industry has grown enormously due to the rising demand for luxurious electric vehicles. Some of the factors driving the sales of electric vehicles include stringent government regulations towards vehicle emissions and increasing demand for fuel-efficient, high-performance, and low-emission vehicles.
- INCENTIVES AND SUBSIDIES BY THE GOVERNMENT FOR THERMAL BATTERIES IN ELECTRIC VEHICLES
An increase in pollution and scarcity of resources, particularly in the automotive sector, has enabled the government to take action for environmental protection. This is leading to the shift of trends in the automotive industry from normal motorized vehicles to electric hybrid vehicles for environmental protection.
Opportunity
- INCREASE IN VARIOUS STRATEGIC DECISIONS BY THE COMPANIES
Strategic decisions such as partnerships and investments help companies to work toward the desired goal. As the marketplace is changing and evolving, customers are consistently looking for newly developed and advanced products.
Restraint/Challenge
- HIGH UPFRONT COST
Thermal batteries are best suited for electric vehicles as they have a less environmental impact and help control air pollution. However, the initial cost of thermal batteries used in automotive industries is higher than others because it includes technologically upgraded components that do not harm the environment. In contrast, the operational costs of thermal batteries in electric vehicles are cheaper than normal battery engine vehicles.
Automotive Battery Thermal Management System Market Segmentation:
Battery Capacity
- Less than 100 kWh
- 100 to 200 kWh
- More than 200 kWh
Type
- Liquid Cooling and Heating
- PCM
- Air Cooling and Heating
Propulsion
Technology
- Active
- Passive
Vehicle Type
- Automotive
- Military
Consider Data Bridge Market Research for this Report which would Help Impact Your Revenues Positively
- This Automotive Battery Thermal Management System Market research offers the latest product news, trends, and updates from the industry’s leading players who have leveraged their market position.
- It also offers strategic plans and standards to arrive at informed business decisions adopted by the main players, thereby advocating your go to market strategies.
- In addition, it offers insights into the dynamics of customer behaviour that can help the organization better curate market strategies
- Usage of exclusive tailor-made tools along with primary research, secondary research and our in-house data model helps us in extracting the exact market numbers
- Mapping the customer in 3P grid comprising of Purpose, Planning and Positioning, thereby delivering a solution by keeping the prospecting client at the sweet spot
- The market research report includes all of the market’s valuable elements, such as sales growth, product pricing & analysis, growth opportunities, and recommendations for addressing market challenges
- The report covers all the primary mergers & acquisitions, alliances, and collaborations that have generated additional opportunities for market players or in some cases, challenges
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Automotive Battery Thermal Management System Market Country Level Analysis
The countries covered in the Automotive Battery Thermal Management System market report are South Africa, Saudi Arabia, U.A.E., Egypt, Israel, the Rest of Middle East and Africa, U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Netherlands, Belgium, Switzerland, Turkey, Rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina and Rest of South America. North America dominates globally due to rising demand for advanced technologies and software design and development.
The country section of the report also provides individual market-impacting factors and market regulation changes that impact the market’s current and future trends. Data points like downstream and upstream value chain analysis, technical trends, porter’s five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
The investment made in the study would provide you access to information such as:
- Automotive Battery Thermal Management System Market [Global – Broken-down into regions]
- Regional level split [North America, Europe, Asia Pacific, South America, Middle East & Africa]
- Country wise Market Size Split [of important countries with major market share]
- Market Share and Revenue/Sales by leading players
- Market Trends – Emerging Technologies/products/start-ups, PESTEL Analysis, SWOT Analysis, Porter’s Five Forces, etc.
- Market Size
- Market Size by application/industry verticals
- Market Projections/Forecast
Automotive Battery Thermal Management System Market Regional Analysis
Some countries covered in the automotive battery thermal management system industry report are the U.S., Canada, Mexico, U.K., Germany, France, Hungary, Italy, Netherlands, Poland, Sweden, Austria, Turkey, and the rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Taiwan, Thailand, Philippines, and the rest of Asia-Pacific, South Africa, Saudi Arabia, the U.A.E., Israel, Egypt, and the rest of the Middle East and Africa.
China has emerged as the dominant country in the EV landscape. It sells the most electric vehicles, makes the most electric vehicles, and has access to the majority of raw materials needed for the batteries to build them. The U.S. is expected to lead this growth in the region. This can be attributed to the fact that the adoption of EVs in the country is on the rise; in addition, with development, battery prices are decreasing, and investments are increasing to set up battery manufacturing plants by leading automotive OEMs. Germany is expected to dominate the Europe automotive battery thermal management market on account of the established automobile industry; also, some of the leading EV battery manufacturers are in Germany, such as CATL.
Table of Content: Global Automotive Battery Thermal Management System Market
1 Introduction
2 Market Segmentation
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Global Automotive Battery Thermal Management System Market, Battery Capacity
7 Global Automotive Battery Thermal Management System Market, Type
8 Global Automotive Battery Thermal Management System Market, Propulsion
9 Global Automotive Battery Thermal Management System Market, Technology
10 Global Automotive Battery Thermal Management System Market Vehicle Type
10 Global Automotive Battery Thermal Management System Market, By Region
11 Global Automotive Battery Thermal Management System Market, Company Landscape
12 SWOT Analysis
13 Company Profile
14 Questionnaire
15 Related Reports
Get Table of Contents, Visit @ https://www.databridgemarketresearch.com/toc/?dbmr=global-automotive-battery-thermal-management-system-market
Browse Related Reports:
Asia-Pacific Automotive Battery Thermal Management System Market, Battery Capacity (Less Than 100 kWh, 100 to 200 kWh, and More Than 200 kWh), Type (Liquid Cooling and Heating, PCM, and Air Cooling and Heating), Propulsion (Hybrid Electric Vehicle, Battery Electric Vehicle, PHEV & FCV), Technology (Active, Passive), Vehicle Type (Automotive, Military, and Others), Industry Trends and Forecast to 2030. https://www.databridgemarketresearch.com/reports/asia-pacific-automotive-battery-thermal-management-system-market
Europe Automotive Battery Thermal Management System Market, Battery Capacity (Less Than 100 kWh, 100 to 200 kWh, and More Than 200 kWh), Type (Liquid Cooling and Heating, PCM, and Air Cooling and Heating), Propulsion (Hybrid Electric Vehicle, Battery Electric Vehicle, PHEV & FCV), Technology (Active, Passive), Vehicle Type (Automotive, Military, and Others), Industry Trends and Forecast to 2030. https://www.databridgemarketresearch.com/reports/europe-automotive-battery-thermal-management-system-market
Middle East and Africa Automotive Battery Thermal Management System Market, Battery Capacity (Less Than 100 kWh, 100 to 200 kWh, and More Than 200 kWh), Type (Liquid Cooling and Heating, PCM, and Air Cooling and Heating), Propulsion (Hybrid Electric Vehicle, Battery Electric Vehicle, PHEV & FCV), Technology (Active, Passive), Vehicle Type (Automotive, Military, and Others), Industry Trends and Forecast to 2030. https://www.databridgemarketresearch.com/reports/middle-east-and-africa-automotive-battery-thermal-management-system-market
North America Automotive Battery Thermal Management System Market, By Battery Capacity (Less Than 100 kWh, 100 to 200 kWh, and More Than 200 kWh), Type (Liquid Cooling and Heating, PCM, and Air Cooling and Heating), Propulsion (Hybrid Electric Vehicle, Battery Electric Vehicle, PHEV & FCV), Technology (Active, Passive), Vehicle Type (Automotive, Military, and Others), Industry Trends and Forecast to 2030. https://www.databridgemarketresearch.com/reports/north-america-automotive-battery-thermal-management-system-market
Battery Management System Market, By Components (Hardware, Software), Type (Stationary Battery, Motive Battery), Topology (Centralized, Modular, Distributed), Battery Type (Lithium-Ion Battery, Lead-acid-based, Flow Batteries, Advanced Lead-Acid Battery, Others), Application (Automotive, Uninterrupted Power Supply, Telecommunications, Renewable Energy Systems, Military, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-battery-management-system-market
Automotive Battery Management System Market, By Battery Type (Lithium-Ion Based, Advanced Lead-Acid Based, Nickel-Based, Flow Batteries), Vehicle Type (Passenger Vehicle, Commercial Vehicle, Golf Cart, E-Bikes), Connection Topology (Centralized, Distributed, Modular), Component (Battery IC, Battery Sensor, Other Component), Propulsion Type (IC Engine Vehicle, Electric Vehicle), Battery Capacity (<100 kWh, 100-200 kWh, 200-500 kWh, >500 kWh), Technology (Active, Passive), End Use (OEMs, Aftermarket) https://www.databridgemarketresearch.com/reports/global-automotive-battery-management-system-market
Battery Management System Market, By Components (Hardware, Software), Type (Stationary Battery, Motive Battery), Topology (Centralized, Modular, Distributed), Battery Type (Lithium-Ion Battery, Lead-acid-based, Flow Batteries, Advanced Lead-Acid Battery, Others), Application (Automotive, Uninterrupted Power Supply, Telecommunications, Renewable Energy Systems, Military, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-battery-management-system-market
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