Automotive Battery Thermal Management System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

  • Single User License $3500

Automotive Battery Thermal Management System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : March, 2020 | Energy & Mining | PPT format

Report Digest


With electrification of vehicles taking the automotive industry by storm, the demand for adequate temperature maintenance of batteries for their peak performance is also on a constant high. This according to research is the predominant factor accelerating the growth of automotive battery thermal management system market.

New Launches of Automotive Battery Thermal Management System Designs Swaying Competition Landscape

Some of the most prominent players actively participating in the competitive landscape of global automotive battery thermal management system market include Continental AG, Robert Bosch GmbH, Mahle Behr GmbH, Hanon Systems, Dana Incorporated, LG Chem., Gentherm Incorporated, Calsonic Kansei Corporation, CapTherm Systems, and VOSS Automotive. While a majority of these players in automotive battery thermal management system market continue to enter strategic collaborations with other market leaders, a significant number of them are emphasizing new product launches in automotive battery thermal management system marketplace.

  • Hyundai Motor Company recently introduced an innovative battery thermal management design in their new Kona Electric (2019). After the Jaguar I-PACE, Chevrolet Bolt EV, and the upcoming lineup of Audi e-tron, Hyundai has launched a new automotive battery thermal management system for an entire new generation of all-EVs. Unlike most other battery thermal management designs that have been using a fan for automotive battery thermal management (of their battery packs), Hyundai’s new design involves liquid-cooling of the Kona pack battery cells.
  • Looking at the sensitivity of Li-ion batteries powering EVs to extreme cold temperatures, Tesla, Inc. has been focusing efforts on boosting performance of their EVs on ice and snow through automotive battery thermal management system innovations.

EV Sales Mounting, Pushing Need for Automotive Battery Thermal Management System

Spectacular expansion of the electric vehicles market and subsequently increasing demand for improved vehicle efficiency and enhanced battery performance remain the key determinants boosting the need for automotive battery thermal management system. Soaring consumer inclination towards purchasing advanced lithium-ion batteries to keep in pace with the global sustainability quotient is cited as a strong factor fueling automotive battery thermal management system adoption.

Fast EV Battery Charging Pushing Demand for Effective Automotive Battery Thermal Management System

While passenger cars remain a highly sought after category of vehicles adopting effective automotive battery thermal management system, electric buses, LCVs, and electric coaches are gradually registering significant growth in terms of automotive battery thermal management system adoption. Following elevating EV sales, the charging infrastructure is constantly evolving, coupled with the development of rapid electric vehicle chargers. Moreover, consistently improving performance and life of batteries and steadily falling EV prices on the flipside, are collectively bolstering the growth outlook of automotive battery thermal management system market.

Automotive Battery Thermal Management System Witnessing Significant Adoption within Developing Asian Countries

Asia Pacific has been a key market for penetration of automotive battery thermal management systems, which can been attributed to the ever-thriving automotive industry, adoption of avant-garde technologies, and most importantly - consistently increasing demand for EVs. The region is also rapidly moving to a sustainable vehicular emission strategy by luring consumers with various tax exemptions and subsidies on EVs and HEVs, which further points to positive prospects of the region’s automotive battery thermal management system market. With soaring acceptance from evolving consumer demographics and tightening regulatory standards related to electric and hybrid vehicles, especially in Asia’s developing markets, it is more likely that automotive battery thermal management system market will continue to discover high potential opportunities in the years to come.

Solid State Batteries Vs Li-ion Batteries – What Is More Popular in Automotive Battery Thermal Management System Market?

Lithium-ion batteries have been a preferred choice among EV manufacturers owing to their light weight, high density, endurance, and significantly low self-discharge rate. However, attributed to compact size, superior energy density, and excellent battery endurance, solid state batteries are gaining ground in recent years. Driven by this trend, solid state batteries are thus likely to discover promising sales opportunities in automotive battery thermal management system market in the near future.

Segmentation: Global Automotive Battery Thermal Management System Market

On the basis of technology, the automotive battery thermal management system market is segmented into –

  1. Passive Automotive Battery Thermal Management System
  2. Active Automotive Battery Thermal Management System

By the type of battery, the automotive battery thermal management system market is classified into -

  1. Solid-state Batteries
  2. Conventional Batteries

Based on the type of vehicle, the automotive battery thermal management system market is categorized into -

  1. Commercial Vehicles
  2. Passenger Vehicles

By propulsion, the automotive battery thermal management system market is segmented into –

  1. Fuel Cell Vehicles
  2. Hybrid Electric Vehicles
  3. Plug-in Hybrid Electric Vehicles
  4. Battery Electric Vehicles

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

Wish to check Table of Contents of this report?

Click below to Request TOC

Request TOC