EV Battery Thermal Management System Market Size Was Valued at USD 2.67 Billion in 2023 and is Projected to Reach USD 26.78 Billion by 2032, Growing at a CAGR of 29.2% From 2024-2032.
An Electric Vehicle (EV) Battery Thermal Management System simply referred to as the EV-BTMS is a sub-system of the electric vehicle aimed at controlling the temperature of a battery pack. A battery pack is simply an energy storage system in an EV, which relies on temperature, and its performance or duration is highly affected by it.
- For instance, a BTMS guarantees that the battery works under the right temperature that is preferred, mainly in the range of 15 – 35 degrees Celsius, through cooling as well as heating systems. This system is useful in charging and discharging processes, which affect the batteries’ performance and lifetime by overheating, and it also thwarts the impact of freezing temperature on batteries’ behavior. The BTMS guarantees the security, durability, and consistent performance of the battery pack as well as also increasing the overall range of the electric car.
- Effective thermal management is crucial to use electricity and other components in the battery of electric cars up to their potential and for its longest possible life. The BTMS usually comprises liquid coolant loops, fans, heat exchangers, and thermal insulation. There are flow loops within the liquid coolant system which circulates the liquid coolant without mixing with the rest of the system. In the course of functioning, it constantly tracks the battery packs’ temperature and engages in cooling or heating procedures if required that will support a reasonable temperature interval.
- Furthermore, a new generation of BTMS might also include machine learning models and temperature sensors to pre-act the change in temperature and lock/juggle the appropriate heat control techniques ahead of time. Due to the controlled operating conditions of the BTMS, electric automobiles demonstrate constant performance, extended battery durability, and thus the optimization of the efficiency and reliability of electric automobiles in the automotive market, thus catalyzing the advance of eco-friendly transport options.
EV Battery Thermal Management System Market Trend Analysis
Increasing demand for electric vehicles (EVs)
- Some of the key drivers of the EV Battery Thermal Management System (BTMS) market include the growing concern for green technology, the availability of charging infrastructure, and the rising demand for electric vehicles. Currently, after the automotive manufacturers shifted their priority towards electric vehicles to control emissions directly affecting the environment and meeting current environmental standards and regulations, the demand for EVs has rapidly escalated.
- Due to this increased uptake of EVs, there has also been the need to ask for better solutions for batteries since battery packs do have an added value when used efficiently. The system is also central to concerns dating to the battery temperature management area, which factors into elements like battery efficiency, charging rate, or total number of miles a vehicle is capable of traveling on a single charge.
- Furthermore, the increasing development of EV technology, increased customer expectation of range and improved performance along with the need for a better thermal management system calls for better novel technology. This means that Manufacturers are putting effort and money into their developments to bring new and enhanced forms of the BTMS that provide more effective cooling, heating, and charging features, along with efficiency.
- Since governments across the world are liberalizing the standards of adoption of electric vehicles and tightening the standards on emissions from traditional internal combustion engine vehicles, this will continuously fuel the demand for EVs and therefore the related battery management systems to market value, creating great value in the EV BTMS market.
Rising demand for EVs in commercial fleets
- The opportunity, such as the growing popularity of electric vehicles (EVs) in commercial fleets, stands to increase the market for EV Battery Thermal Management Systems (BTMS). Larger goods and passenger vehicles, such as delivery trucks, taxis, and ride-share, other than delivery and public transport vehicles, consumers also turn towards the use of electric engines for energy efficiency and less pollution.
- But to serve the intense and differentiated usage pattern higher need of commercial vehicles, management issues such the thermal characteristics and durability concerns have been critical in the case of batteries. Commercial fleet use is a common application of BTMS, and employing solutions that are designed to respond to these problems will help make battery packs run effectively while lasting longer under heavy use.
- For those operating fleets specifically for commercial use, issues like the durability and capabilities of electric vehicles are critical in terms of service delivery, which affects customers. A sound BTMS should ideally reduce the anxiety and worries associated with battery depletion, charging capability, and vehicle time-out due to heat-related incidents. Therefore, through improved battery temperature management, BTMS solutions can lead to increased battery longevity, lower maintenance and component costs, and an overall increase in vehicle availability.
- Further, as commercial fleets become more electrically charged, there is also a rising need for integrated bottom-up BTMS solutions that address varying shapes, sizes, and applications of each vehicle and environment in which it is placed. With electrification of the fleets now on the rise across the world, the EV BTMS market has a lot of room left to grow, especially with the increasing prospects offered by the global market shift to electric vehicles in the commercial segment.
EV Battery Thermal Management System Market Segment Analysis:
EV Battery Thermal Management System Market is segmented based on System Type and Application.
By System Type, Active is expected to dominate the market during the forecast period
- In the EV Battery Thermal Management System (BTMS) market, both active and passive systems have their significance, and the large use of the active system segment is observed at this moment. Active BTMS concerns the direct control of the temperature of the battery pack of the vehicle through systems like liquid coolants or heaters, fans, or pumps.
- These systems can consist of sensors and other components that can instantaneously manage battery temperature by pumping coolant or controlling heater coils depending on the assessment of the battery’s state. Operative BTMS thus must maintain the proper temperature of battery cells, which then has a direct impact on battery efficiency, safety, and durability, especially in extreme conditions such as a high rate charge or high ambient temperature.
- Furthermore, active systems tend to be more lightweight and adaptable across various conditions of use as well as are competent in regulating temperatures; for that reason, they are desirable for utilization in high-end electric cars and commercial fleets where the significance of reliability and performance is considered.
- Passive BTMS, in contrast, utilizes natural convection or insulation materials to regulate the battery temperature without the need for a cooler or heater. First of all, it is important to understand that, despite being easier to install, costing less, and less sensitive to the car exterior conditions, as opposed to active systems, passive ones might not offer as tight temperature regulation and might have lower energy efficiency in extreme conditions or high load situations such as sports car racing.
- Therefore, passive BTMS is used mainly in cheaper electric vehicles or vehicles and electric bicycles which are cheaper than traditional automobile industry products and where the cost factor takes priority over other features. However, rising technological advancements in battery power and increasing flame or thermal management concerns may augment the active BTMS market growth trends more potent than passive BTMS because of the better performance in high-end electric cars as well as business vehicles.
By Applications, the Passenger Vehicle segment held the largest share
- It can be observed from the trends of the EV Battery Thermal Management System (BTMS) market that the passenger vehicle segment is expected to rule the roost more than commercial vehicles owing to the increased usage of electric passenger cars than commercial ones. Passenger vehicles are electric cars such as Tesla, SUVs, wind cars, and hatchbacks that have experienced growth in the global markets due to changed attitudes to the environment and the switch to green cars instead of conventional internal combustion engine vehicles.
- As the number of electric vehicles increases on the roads, original equipment manufacturers are progressively devoting time and resources to the research and production of next-generation BTMS systems that will cater to the safety and power requirements of the universally demanded passenger vehicles. These systems are those used in charge of battery temperature control while charging, discharging, and during driving to enhance or consumers’ comfort while driving.
- At the current, the most popular segment of electrified vehicle BTMS is the passenger car segment, however, thanks to rapidly growing interest in EV the segment of CV, including delivery vans, buses, trucks, and other fleet vehicles is also developing. Nonetheless, the electric commercial vehicles’ market penetration is dwarfed that of the passenger electric vehicles due to some of the factors including; high initial costs, longer time to break even, and challenges faced in developing flexible infrastructure.
- However, with emissions standards and regulatory policies becoming more stringent across countries, while incentives are being offered for fleets to switch to electric vehicles, thereby, the prospects of commercial EVs are strong enough to drive BTMS solutions designed for such sectors. These systems will be imperative for increasing the efficiency of battery packs in commercial vehicles and thus improving operating efficiency, maximizing uptime, and minimizing costs that directly and indirectly are associated with battery pack power output required to meet environmental targets and gain competitive advantage in the marketplace for fleet operators.
EV Battery Thermal Management System Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast Period
- Market Segment Analysis: When it comes to the EV Battery Thermal Management System (BTMS), the passenger vehicles segment is expected to have a stronger hold due to a larger number of electric passenger vehicles produced and in use as opposed to commercial vehicles. Such types of Passenger vehicles include electric cars, SUVs, and hatchbacks, which have observed an enhanced demand in international markets due to the focus of the consumer on sustainability to opt for the products rather than the traditional internal combustion engine vehicles. With market trends shifting toward electric vehicles, automakers are increasingly focusing on improving battery technology with advanced BTMS solutions for batteries to maximize their potential provide safety for passengers, and increase driving range in passenger vehicles.
- Such systems have the charge to regulate temp of batteries both during charging, discharging, and during the drive to ensure comfort when using the car consumers. Some key reasons that contribute to the Asia Pacific EV Battery Thermal Management System (BTMS) market include: First and foremost, electric vehicle markets are vastly concentrated in the Asia-Pacific region as some of the biggest and fastest-growing trends, namely China, Japan, and South Korea. The stakes on EVs and related infrastructure are high among these countries because of the big target for electrification currently being set by these countries. Consequently, there remains an excellent market worthy of BTMS solutions for the expanding number of electric vehicles in both the domestic and export markets.
- The Asia pacific region is a receptor to automobile manufacturing companies together with being the leading region in innovation. This region is home to a significant number of tier-one automotive manufacturers as well as automotive component manufacturers who are investing in the ongoing advancement of electric vehicle solutions, including battery management systems. Since the Asia Pacific features a robust network of research organizations, suppliers, as well as manufacturers, the region has the potential to deliver advanced BTMS solutions shortly.
- Furthermore, the accumulation of verified SC and manufacturing capacities allows the companies in the region to continue manufacturing the components and systems related to the implementation of BTMS on a large scale to meet the respondent's domestic and international demand. All combined, these factors point to the fact that Asia Pacific is the EV BTMS market leader because of the rapidly growing electric vehicle sales and automotive ecosystem in the region.
Active Key Players in the EV Battery Thermal Management System Market
- Avid Technology Limited (United Kingdom)
- BorgWarner Inc. (United States)
- Calsonic Kansei Corporation (Japan)
- Continental AG (Germany)
- Dana Incorporated (United States)
- DENSO Corporation (Japan)
- Eberspaecher Climate Control Systems GmbH & Co. KG (Germany)
- Gentherm Incorporated (United States)
- Gotion High-Tech Co., Ltd. (China)
- Hanon Systems (South Korea)
- LG Chem (South Korea)
- MAHLE Behr GmbH & Co. KG (Germany)
- Mahle GmbH (Germany)
- Modine Manufacturing Company (United States)
- Panasonic Corporation (Japan)
- Ricardo plc (United Kingdom)
- Robert Bosch GmbH (Germany)
- Samsung SDI (South Korea)
- Valeo SA (France)
- Visteon Corporation (United States)
- Other Key Players
Global EV Battery Thermal Management System Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023 : |
USD 2.67 Bn. |
Forecast Period 2023-32 CAGR: |
29.2% |
Market Size in 2032 : |
USD 26.78 Bn. |
Segments Covered: |
By System Type |
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By Applications |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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- INTRODUCTION
- RESEARCH OBJECTIVES
- RESEARCH METHODOLOGY
- RESEARCH PROCESS
- SCOPE AND COVERAGE
- Market Definition
- Key Questions Answered
- MARKET SEGMENTATION
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GROWTH OPPORTUNITIES BY SEGMENT
- MARKET LANDSCAPE
- PORTER’S FIVE FORCES ANALYSIS
- Bargaining Power Of Supplier
- Threat Of New Entrants
- Threat Of Substitutes
- Competitive Rivalry
- Bargaining Power Among Buyers
- INDUSTRY VALUE CHAIN ANALYSIS
- MARKET DYNAMICS
- Drivers
- Restraints
- Opportunities
- Challenges
- MARKET TREND ANALYSIS
- REGULATORY LANDSCAPE
- PESTLE ANALYSIS
- PRICE TREND ANALYSIS
- PATENT ANALYSIS
- TECHNOLOGY EVALUATION
- MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
- Geopolitical Market Disruptions
- Supply Chain Disruptions
- Instability in Emerging Markets
- ECOSYSTEM
- PORTER’S FIVE FORCES ANALYSIS
- EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY CURRENT (2017-2032)
- EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- AC CONNECTORS
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017-2032F)
- Historic And Forecasted Market Size in Volume (2017-2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- DC CONNECTORS
- COMBINED CONNECTORS
- EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VOLTAGE (2017-2032)
- EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- LOW
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017-2032F)
- Historic And Forecasted Market Size in Volume (2017-2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- MEDIUM
- HIGH
- EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY CONNECTION (2017-2032)
- EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- WIRE-TO-WIRE
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017-2032F)
- Historic And Forecasted Market Size in Volume (2017-2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- WIRE-TO-BOARD
- BOARD-TO-BOARD
- EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY APPLICATION(2017-2032)
- EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- CHARGING
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017-2032F)
- Historic And Forecasted Market Size in Volume (2017-2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- BODY CONTROL & INTERIORS
- INFOTAINMENT SYSTEMS
- POWERTRAIN & ENGINE MANAGEMENT
- BATTERY MANAGEMENT SYSTEM
- OTHERS
- COMPANY PROFILES AND COMPETITIVE ANALYSIS
- COMPETITIVE LANDSCAPE
- Competitive Benchmarking
- Ev Battery Thermal Management System Market Share By Manufacturer (2023)
- Industry BCG Matrix
- Heat Map Analysis
- Mergers & Acquisitions
- AVID TECHNOLOGY LIMITED (UNITED KINGDOM)
- Company Overview
- Key Executives
- Company Snapshot
- Role of the Company in the Market
- Sustainability and Social Responsibility
- Operating Business Segments
- Product Portfolio
- Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
- Key Strategic Moves And Recent Developments
- SWOT Analysis
- BORGWARNER INC. (UNITED STATES)
- CALSONIC KANSEI CORPORATION (JAPAN)
- CONTINENTAL AG (GERMANY)
- DANA INCORPORATED (UNITED STATES)
- DENSO CORPORATION (JAPAN)
- EBERSPAECHER CLIMATE CONTROL SYSTEMS GMBH & CO. KG (GERMANY)
- GENTHERM INCORPORATED (UNITED STATES)
- GOTION HIGH-TECH CO., LTD. (CHINA)
- HANON SYSTEMS (SOUTH KOREA)
- LG CHEM (SOUTH KOREA)
- MAHLE BEHR GMBH & CO. KG (GERMANY)
- MAHLE GMBH (GERMANY)
- MODINE MANUFACTURING COMPANY (UNITED STATES)
- PANASONIC CORPORATION (JAPAN)
- RICARDO PLC (UNITED KINGDOM)
- ROBERT BOSCH GMBH (GERMANY)
- SAMSUNG SDI (SOUTH KOREA)
- VALEO SA (FRANCE)
- VISTEON CORPORATION (UNITED STATES)
- COMPETITIVE LANDSCAPE
- GLOBAL EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY REGION
- OVERVIEW
- NORTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Current
- Historic And Forecasted Market Size By Voltage
- Historic And Forecasted Market Size By Connection
- Historic And Forecasted Market Size By Application
- Historic And Forecasted Market Size By Country
- USA
- Canada
- Mexico
- EASTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest Of Eastern Europe
- WESTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Germany
- United Kingdom
- France
- The Netherlands
- Italy
- Spain
- Rest Of Western Europe
- ASIA PACIFIC
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New-Zealand
- Rest Of APAC
- MIDDLE EAST & AFRICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- SOUTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Brazil
- Argentina
- Rest of South America
- INVESTMENT ANALYSIS
- ANALYST VIEWPOINT AND CONCLUSION
- Recommendations and Concluding Analysis
- Potential Market Strategies
Global EV Battery Thermal Management System Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023 : |
USD 2.67 Bn. |
Forecast Period 2023-32 CAGR: |
29.2% |
Market Size in 2032 : |
USD 26.78 Bn. |
Segments Covered: |
By System Type |
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By Applications |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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LIST OF TABLES
TABLE 001. EXECUTIVE SUMMARY
TABLE 002. EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET COMPETITIVE RIVALRY
TABLE 005. EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET THREAT OF NEW ENTRANTS
TABLE 006. EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET THREAT OF SUBSTITUTES
TABLE 007. EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TYPE
TABLE 008. ACTIVE MARKET OVERVIEW (2016-2028)
TABLE 009. PASSIVE MARKET OVERVIEW (2016-2028)
TABLE 010. HYBRID MARKET OVERVIEW (2016-2028)
TABLE 011. EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY
TABLE 012. LIQUID COOLING & HEATING MARKET OVERVIEW (2016-2028)
TABLE 013. AIR COOLING & HEATING MARKET OVERVIEW (2016-2028)
TABLE 014. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 015. EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE
TABLE 016. PASSENGER VEHICLES MARKET OVERVIEW (2016-2028)
TABLE 017. COMMERCIAL VEHICLES MARKET OVERVIEW (2016-2028)
TABLE 018. TWO-WHEELER MARKET OVERVIEW (2016-2028)
TABLE 019. THREE-WHEELER MARKET OVERVIEW (2016-2028)
TABLE 020. NORTH AMERICA EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY TYPE (2016-2028)
TABLE 021. NORTH AMERICA EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY TECHNOLOGY (2016-2028)
TABLE 022. NORTH AMERICA EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 023. N EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY COUNTRY (2016-2028)
TABLE 024. EUROPE EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY TYPE (2016-2028)
TABLE 025. EUROPE EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY TECHNOLOGY (2016-2028)
TABLE 026. EUROPE EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 027. EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY COUNTRY (2016-2028)
TABLE 028. ASIA PACIFIC EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY TYPE (2016-2028)
TABLE 029. ASIA PACIFIC EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY TECHNOLOGY (2016-2028)
TABLE 030. ASIA PACIFIC EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 031. EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY COUNTRY (2016-2028)
TABLE 032. MIDDLE EAST & AFRICA EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY TYPE (2016-2028)
TABLE 033. MIDDLE EAST & AFRICA EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY TECHNOLOGY (2016-2028)
TABLE 034. MIDDLE EAST & AFRICA EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 035. EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY COUNTRY (2016-2028)
TABLE 036. SOUTH AMERICA EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY TYPE (2016-2028)
TABLE 037. SOUTH AMERICA EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY TECHNOLOGY (2016-2028)
TABLE 038. SOUTH AMERICA EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY VEHICLE TYPE (2016-2028)
TABLE 039. EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY COUNTRY (2016-2028)
TABLE 040. MODINE MANUFACTURING COMPANY: SNAPSHOT
TABLE 041. MODINE MANUFACTURING COMPANY: BUSINESS PERFORMANCE
TABLE 042. MODINE MANUFACTURING COMPANY: PRODUCT PORTFOLIO
TABLE 043. MODINE MANUFACTURING COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. CONTINENTAL AG: SNAPSHOT
TABLE 044. CONTINENTAL AG: BUSINESS PERFORMANCE
TABLE 045. CONTINENTAL AG: PRODUCT PORTFOLIO
TABLE 046. CONTINENTAL AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. GENTHERM: SNAPSHOT
TABLE 047. GENTHERM: BUSINESS PERFORMANCE
TABLE 048. GENTHERM: PRODUCT PORTFOLIO
TABLE 049. GENTHERM: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. DANA LIMITED: SNAPSHOT
TABLE 050. DANA LIMITED: BUSINESS PERFORMANCE
TABLE 051. DANA LIMITED: PRODUCT PORTFOLIO
TABLE 052. DANA LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. HANON SYSTEMS: SNAPSHOT
TABLE 053. HANON SYSTEMS: BUSINESS PERFORMANCE
TABLE 054. HANON SYSTEMS: PRODUCT PORTFOLIO
TABLE 055. HANON SYSTEMS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. VALEO: SNAPSHOT
TABLE 056. VALEO: BUSINESS PERFORMANCE
TABLE 057. VALEO: PRODUCT PORTFOLIO
TABLE 058. VALEO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. MAHLE GMBH: SNAPSHOT
TABLE 059. MAHLE GMBH: BUSINESS PERFORMANCE
TABLE 060. MAHLE GMBH: PRODUCT PORTFOLIO
TABLE 061. MAHLE GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. ROBERT BOSCH GMBH: SNAPSHOT
TABLE 062. ROBERT BOSCH GMBH: BUSINESS PERFORMANCE
TABLE 063. ROBERT BOSCH GMBH: PRODUCT PORTFOLIO
TABLE 064. ROBERT BOSCH GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. GRAYSON: SNAPSHOT
TABLE 065. GRAYSON: BUSINESS PERFORMANCE
TABLE 066. GRAYSON: PRODUCT PORTFOLIO
TABLE 067. GRAYSON: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. VOSS AUTOMOTIVE GMBH: SNAPSHOT
TABLE 068. VOSS AUTOMOTIVE GMBH: BUSINESS PERFORMANCE
TABLE 069. VOSS AUTOMOTIVE GMBH: PRODUCT PORTFOLIO
TABLE 070. VOSS AUTOMOTIVE GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 070. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 071. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 072. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 073. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET OVERVIEW BY TYPE
FIGURE 012. ACTIVE MARKET OVERVIEW (2016-2028)
FIGURE 013. PASSIVE MARKET OVERVIEW (2016-2028)
FIGURE 014. HYBRID MARKET OVERVIEW (2016-2028)
FIGURE 015. EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET OVERVIEW BY TECHNOLOGY
FIGURE 016. LIQUID COOLING & HEATING MARKET OVERVIEW (2016-2028)
FIGURE 017. AIR COOLING & HEATING MARKET OVERVIEW (2016-2028)
FIGURE 018. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 019. EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET OVERVIEW BY VEHICLE TYPE
FIGURE 020. PASSENGER VEHICLES MARKET OVERVIEW (2016-2028)
FIGURE 021. COMMERCIAL VEHICLES MARKET OVERVIEW (2016-2028)
FIGURE 022. TWO-WHEELER MARKET OVERVIEW (2016-2028)
FIGURE 023. THREE-WHEELER MARKET OVERVIEW (2016-2028)
FIGURE 024. NORTH AMERICA EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. EUROPE EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 026. ASIA PACIFIC EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 027. MIDDLE EAST & AFRICA EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 028. SOUTH AMERICA EV BATTERY THERMAL MANAGEMENT SYSTEM MARKET OVERVIEW BY COUNTRY (2016-2028)
Frequently Asked Questions :
The forecast period in the EV Battery Thermal Management System Market research report is 2024-2032.
Avid Technology Limited (United Kingdom), BorgWarner Inc. (United States), Calsonic Kansei Corporation (Japan), Continental AG (Germany), Dana Incorporated (United States), DENSO Corporation (Japan), Eberspaecher Climate Control Systems GmbH & Co. KG (Germany), Gentherm Incorporated (United States), Gotion High-Tech Co., Ltd. (China), Hanon Systems (South Korea), LG Chem (South Korea), MAHLE Behr GmbH & Co. KG (Germany), Mahle GmbH (Germany), Modine Manufacturing Company (United States), Panasonic Corporation (Japan), Ricardo plc (United Kingdom), Robert Bosch GmbH (Germany), Samsung SDI (South Korea), Valeo SA (France), Visteon Corporation (United States)and Other Major Players.
The EV Battery Thermal Management System Market is segmented into System Type, Application, and region. By System Type, the market is categorized into Active and passive. By Applications, the market is categorized into Passenger vehicles and commercial vehicles. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
The Low Voltage Battery Thermal Management System is adopted as an essential part of electric vehicles, used to control the temperature of the battery. It uses cooling and heating technologies to keep the temperature range of the battery optimal furthering the performance and stability as well as the lifespan of the battery. It further assists in controlling the temperature of batteries during charging, discharging, and operation, and eliminates thermal degradation and safety issues like thermal run-away.
EV Battery Thermal Management System Market Size Was Valued at USD 2.67 Billion in 2023 and is Projected to Reach USD 26.78 Billion by 2032, Growing at a CAGR of 29.2% From 2024-2032.