Global Battery Thermal Management System Industry Anticipates Positive Growth between 2022-2028
Posted On March 30, 2022
The report provided by Value Market Research indicates that the Global Battery Thermal Management System Market value is likely to grow at an incremental rate during 2022-2028. The government's strict CO2 emission laws have boosted demand for electric vehicles, resulting in increased demand for BTMS. Furthermore, the constantly changing global climate and growing environmental concerns necessitate effective battery management systems for zero-emission automobiles. As a result, the global battery thermal management system market benefits from the growing demand for electric vehicles.
Electric cars (EVs) are becoming more popular due to their numerous advantages over conventional gasoline vehicles. Electric vehicles reduce emissions that contribute to climate change and air pollution. As a result, EV reduces environmental impact while also improving public health. However, some characteristics of the vehicle's battery, including safety, lifetime, cost, and performance, are significant concerns for manufacturers and customers. Battery management is critical for improved performance and safety during operations in various situations. The battery thermal management system (BTMS) extends the battery system's shelf life, i.e., lithium-ion cells, by managing the temperature level and distribution. The BTMS consists of hardware and software components used to maintain and control various cooling, heating, and insulation functions. The system keeps track of, evaluates, and supports the battery's performance.
The report "Global Battery Thermal Management System Market Report By Propulsion (PHEV, HEV, FCV, BEV), By Vehicle Type (Passenger Vehicle, Commercial Vehicle) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2028" is a compresensive set of data with market overview, executive summary and detailed revenue analysis bifurcated by segments and regions. The study covers the historical trends along with the geo-economical conditions of the industry related to the Battery Thermal Management System market, thus leading to a robust and reliable report.
The following segments in the market are covered in the report :
- Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
The report is divided into five regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Players Profiled In the Report:
Hanon Systems, Gentherm, Continental AG, LG Chem, Samsung SDI, Valeo, Calsonic Kansei, DANA, Mahle, VOSS Automotive.
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