The global demand for Battery Thermal Management System Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Electric vehicles (EV) are gaining popularity due to their various benefits over conventional fuel vehicles. EV reduces emissions which are responsible for climate change, and air pollution. Thus EV minimizes the ecological damage and enhances public health. However, some aspects such as safety, lifetime, cost and performance associated with the battery of the vehicle are the big concern for the manufacturers and users. The proper management of battery is essential to obtain enhance performance and safety during operations in various conditions. The fundamental objective of the battery thermal management system (BTMS) is to enhance the shelf life of the battery system i.e. lithium-ion cells by controlling the temperature level and distribution. The BTMS includes hardware and software components to maintain and manage different operations such as cooling, heating and insulating. The system monitors, evaluate and maintains battery functioning.
The stringent CO2 emission regulations by the government have boosted the demand for electric vehicles, resulting in the growing demand for BTMS. Moreover, rapidly changing global climate and increased environmental concerns are demanding zero-emission vehicles leading to requirement of proper battery management systems. Consequently, the increasing demand for electric vehicles is supporting the global battery thermal management system market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of battery thermal management system.
The entire battery thermal management system market has been sub-categorized into propulsion and vehicle type. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
This section covers regional segmentation which accentuates on current and future demand for battery thermal management system market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Battery Thermal Management System (BTMS) Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the battery thermal management system market include Hanon Systems, Gentherm, Continental AG, LG Chem, Samsung SDI, Valeo, Calsonic Kansei, DANA, Mahle, VOSS Automotive. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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