Automotive Battery Thermal Management System Market To Record Noteworthy Progress With 16% CAGR By 2023

Pune, India, October, 2018 /press release/- Market Research Future Published a Half-Cooked Research Report on Automotive Battery Thermal Management System Market Research Report

Automotive Battery Thermal Management System Market – Overview

Batteries are an essential component of the overall performance of automobiles, which is the primary factor supplementing their growth in the forecast period. Market reports linked to the automobile industry have been made available by Market Research Future which creates reports on other industry verticals that outlines the current market scenarios. The market is projected to progress with a 16% CAGR in the forecast period.

The increasing inclination for electric driven vehicles is expected to open up new avenues for growth in the automotive battery thermal management system market. Strict emission norms imposed by global government and regulatory authorities in terms of carbon emissions is expected to broaden the scope of development of the market in the upcoming years. The market is anticipated to gain due to the prevalence of energy efficient technology that lessens heat dissipation through an electric control unit, electric inverter, and water pump in order to recover the complete dynamics of battery thermal management system.  

Segmental Analysis

The automotive battery thermal management system market is segmented on the basis of technology, propulsion, battery capacity, vehicle type and region. On the basis of Technology, the market is segmented into air, phase change material, liquid and thermoelectrics. On the basis of propulsion, the market is segmented into HEV, BEV, PHEV & FCV. On the basis of battery capacity, the market is segmented into 0 – 200 KWh, 200 – 500 KWh and > 500 KWh. By vehicle type, the automotive battery thermal management system market is divided into commercial and passenger. On the basis of region, the market consists of Europe, APAC, North America and Rest of the world.

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Detailed

Regional Analysis

The automotive battery thermal management system market is segmented into regions such as Europe, the Americas, Asia Pacific, and Rest of the World. The Asia Pacific region is anticipated to control the market in future because of government drive plan for electric vehicles. It has been noticed that Chinese companies are investing huge amount of money on electric vehicles. The Americas market is second to the Asia Pacific market in battery thermal management system. Therefore, the automotive battery thermal management system market is projected to grow at around 16% CAGR during the forecast period.

Competitive Analysis

The development in the products and services is the leading factor escalating the market's output and directing the trends that are attaining distinction in the market. The variances in the market are filled due to the implementation of apt supply chain strategies. The amplified level of emphasis on the variety of products is growing the number of customers in the market substantially. The crucial success factors and competitors’ tendencies are progressively rising by the strategies being used by market competitors. The differences seen in terms of strategy execution and creation are changing the growth pace of the market. The evolution patterns are reviewed in tandem to the customer likings to realize the greatest growth, and in the long run, viability. The background for growth plans has fortified the market for prospective new entrants. The fruitful integration of supply chain management is progressively increasing the development of the market.

The significant contenders in the automotive battery thermal management system market are Continental (Germany), LG Chem (South Korea), Samsung SDI (Korea), Robert Bosch (Germany), GenTherm (U.S.), VOSS Automotive (Germany), Valeo (France), Calsonic Kansei (Japan), DANA (U.S.), Mahle (Germany), Hanon Systems (Korea), and CapTherm Systems (Canada), among others.

Industry Updates:

Sep 2018 Indian Institute of Technology-Hyderabad incubated startup PuREnergy has recently developed "affordable" lithium batteries and is launching them for sale shortly. The team has built proficiency in the battery design by selecting application specific cell chemistry to advance lower total cost of ownership, efficient thermal management systems to improve life by 50 percent for Indian conditions.