Automotive Battery Thermal Management System market size was US$ 628.7 million and it is expected to reach US$ 3030.1 million by the end of 2027, with a CAGR of 26.1% during 2022-2027.
Automotive battery thermal management system is a structure that controls the pre-heating and cooling of batteries used in hybrid and electric vehicles. This system makes sure that the batteries will operate within the certain temperature range and help electric vehicles in driving seamlessly for longer period of time. The automotive battery thermal management system comprises of battery cooler, electronic water pump, cooling plate and electronic expansion valve.
Highest market share will be registered by zero-emission vehicles meaning BEVs in electric vehicle segment when compared with FCVs, PHEVs and HEVs owing to the subsidies from government. For example, in countries like China, BEVs which are emission-free vehicles get higher subsidies than HEVs and PHEVs. Due to decreasing battery prices, decreasing charging time and increasing awareness toward the green environment initiative the growth of BEV market is expected to register steady growth over the forecast period.
The global average price of Automotive Battery Thermal Management System is in the increasing trend, from 710 USD/Unit in 2013 to 767 USD/Unit in 2017 as the development of technology. With the situation, prices will be in increasing trend in the following five years as the liquid cooling system is more and more.
September 07, 2021: MAHLE develops new battery cooling system for faster charging of electric cars--
MAHLE, the specialist for thermal management, i.e., the heating and cooling of the vehicle interior and components, has developed a completely new cooling system for batteries. Cooling is a major challenge, especially when it comes to fast charging battery-powered electric vehicles. The Stuttgart-based automotive supplier relies on immersion cooling as a key technology. An electrically non-conductive coolant flows around the cells, thereby ensuring that the maximum temperature of the battery drops markedly during charging and that the overall temperature is distributed much more homogeneously.
Automotive Battery Thermal Management System market is segmented based on the type, applications, companies and regions.
By Type, Automotive Battery Thermal Management System Market has been segmented into
By Application, Automotive Battery Thermal Management System Market has been segmented into
By Populsion, Automotive Battery Thermal Management System Market has been segmented into
By Technology, Automotive Battery Thermal Management System Market has been segmented into
By Battery Capacity, Automotive Battery Thermal Management System Market has been segmented into
The Key regions covered in the report are,North America (U.S., Canada),Europe (Germany, France, U.K., Italy),Asia-Pacific (Russia, China, Japan, South Korea, Taiwan, Southeast Asia),South America (Mexico, and Brazil, etc.) and ROW.
The Asia Pacific automotive battery thermal management system market, in terms of value, is estimated to be the largest and fastest growing market. The Asia Pacific region is the largest market for automobiles and comprises emerging economies such as China and India, along with developed nations such as Japan and South Korea. In recent years, the region has emerged as a hub for automobile production. The possibility of reducing carbon emissions by electrifying transportation has caught the attention of local and national government officials across the Asia Pacific. As a result, the use of electric vehicles is highly prevalent in the Asia Pacific region. The governments have also provided various incentives in the form of subsidies and tax exemptions to increase the adoption of electric vehicles in many countries
The report offers in-depth assessment of the growth and other aspects of the Automotive Actuator market in important regions, including the global growth aspects.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 26.1% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Propulsion |
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By Technology |
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By Battery Capacity |
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By Companies | Mahle, Valeo, Bosch, Gentherm, Hanon Systems, Dana, Continental, VOSS Automotive, Grayson,LG Chem, Calsonic Kansei, Samsung SDI , MAHLE , CapTherm Systems |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 91 |
Customization Available | Yes, the report can be customized as per your needs |
What is the growth rate of Automotive Battery Thermal Management System Market?
The Automotive Battery Thermal Management System Market is growing at a CAGR of 26.1% over the next 5 years.
Who are the key players in Automotive Battery Thermal Management System Market?
Mahle, Valeo, Bosch, Gentherm, Hanon Systems, Dana, Continental, VOSS Automotive, Grayson,LG Chem, Calsonic Kansei, Samsung SDI , MAHLE , CapTherm Systems
What are the significant types of Automotive Battery Thermal Management System Market?
Liquid Cooling and Heating, Air Cooling and Heating, Others
What are the major applications of Automotive Battery Thermal Management System Market?
PHEV, EV
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
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