Market Research Future’s report on the global automotive battery thermal management system market emphasizes on drivers and challenges to be faced by automakers for the period of 2017 to 2023 (forecast period). The COVID-19 pandemic and its implications on the industry are explored in the report.
Battery thermal management system (BTMS) is integrated within electric vehicles for increasing the life of lithium-ion battery cells. Evolution of electric vehicles coupled with stringent norms for controlling emissions can make it mandatory for attaching BTMS with powertrain. Market Research Future’s report on the global automotive battery thermal management system market emphasizes on drivers and challenges to be faced by automakers for the period of 2017 to 2023 (forecast period). The COVID-19 pandemic and its implications on the industry are explored in the report. Battery thermal management system (BTMS) is integrated within electric vehicles for increasing the life of lithium-ion battery cells. Evolution of electric vehicles coupled with stringent norms for controlling emissions can make it mandatory for attaching BTMS with powertrain.
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The key players in automotive battery thermal management system market are LG Chem (South Korea), Continental (Germany), GenTherm (U.S.), Robert Bosch (Germany), Valeo (France), Calsonic Kansei (Japan), DANA (U.S.), Hanon Systems (Korea), Samsung SDI (Korea), Mahle (Germany), VOSS Automotive (Germany), and CapTherm Systems (Canada), among others.
By vehicle type, it is divided into commercial and passenger. The latter is expected to dominate the global automotive battery thermal management system market owing to popularity of EVs and subsidies provided by nations to assure its sales. On the other hand, the commercial vehicle segment can capture a significant market share due to demand for lightweight trucks and battery-driven buses.
By technology, it is segmented into thermos electric, phase change material (PCM), air system, and liquid system. Air system and liquid system segments are projected to lead in the market till the end of the forecast period.
By propulsion, it is segmented into PHEV, BEV, HEV, and FCV. The BEV segment is likely to lead in the market. This is attributed to maximum subsidies offered for these vehicles and increasing number of BEVs offered by automotive manufacturers. Dip in battery prices and decreased battery charging times can boost the segment demand in the global automotive BTMS market.
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The market is segmented based on America, Asia Pacific, Europe, and Rest of the World. Asia Pacific is expected to dominate the market by the end of the forecast period due to government plans for electric vehicles. For instance, Chinese companies such as BYD Co. and BAIC Motor Corp., and Japanese companies, such as Nissan and Mitsubishi, are investing huge amount money on electric vehicles. Incentives given to customers and electrification of transportation modes can bode well for the market.
Americas has assumed the second position in the global battery thermal management system. Adoption of lithium-ion batteries is expected to facilitate market demand over the forecast period. Recently, Hyundai Kona Electrics has decided to include heat pump systems for converting heat into power for its EV driving customers in the U.S.
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends….
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