Automotive Battery Thermal Management System Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	150 Pages	Fortune Business Insights Pvt. Ltd.	September, 2024	FOB19185644

Best Price Guarantee
Price	from $4,850
Length	150 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	September, 2024
SKU	FOB19185644

Automotive Battery Thermal Management System Market

Growth Factors of Automotive Battery Thermal Management System Market

The automotive battery thermal management system market size was valued at USD 2.75 billion in 2023, and the market is now projected to grow from USD 3.20 billion in 2024 to USD 14.66 billion by 2032, exhibiting a CAGR of 20.9% during the forecast period of 2024-2032.

The COVID-19 pandemic impacted the worldwide automotive battery thermal management system market, affecting instabilities in supply chains, trade operations, and buyer demand. While primary delays were witnessed due to making breaks and financial uncertainties, the market has seen a recovery with the rising demand for electric vehicles and growing investments in battery technologies.

The rising preference towards progressive technology-based vehicles, comprising lightweight, is anticipated to motivate the worldwide automotive battery thermal management system market growth. Industry leaders and consumers majorly desire the lithium-ion battery technology used in automobiles for numerous applications. This is due to its greater energy density, extended life cycle of batteries, and improved flexibility. Likewise, firms keenly use such batteries in thermal battery management systems to certify appropriate operational and safety.

The demand for fuel-efficient vehicles has improved in recent times due to the upsurge in petrol and diesel charges. The companies are also involved in the activities to lower the overall weight of the electric vehicle as it grasps a superior weight associated to ICE vehicles because of their battery. Additionally, the mounting demand for plug-in EVs and hybrid vehicles will support in the expansion of EV makers, OEMs, battery and battery technology companies, and automotive battery thermal management system makers.

Comprehensive Analysis of Automotive Battery Thermal Management System Market

The market can be segmented in various ways, depending on the focus of analysis such as by propulsion type, by technology type, battery type and by vehicle type. Based on propulsion type, the key market is segmented into battery electric vehicles (BEV), plug-in hybrid electric vehicles, and hybrid electric vehicles (HEV). Based on technology type, the market is segmented into air cooling & heating, liquid cooling & heating, and phase change material (PCM). Based on battery type, the market is segmented into the conventional and solid-state. Based on the vehicle type, the market is segmented into passenger cars and commercial vehicles.

Asia Pacific region is dominating the automotive battery thermal management system market share due to occurrence of an automotive hub, combined with the growing number of automobile production per year. Development is ascribed to the prompt upsurge in urbanization, enhancement in the standard of living, and growing disposable income leading to developing preferences of the persons.

The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include Valeo (France), Hanon Systems (South Korea), SAMSUNG SDI CO., LTD (South Korea), VOSS Automotive GmbH (Germany), MAHLE GmbH (Germany), Dana Limited (U.S), GENTHERM (U.S), Robert Bosch GmbH (Germany), Continental AG (Germany), LG chem (South Korea) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.

In May 2023, Carrar and Gentherm team up on the Delivery of Robust Two-Phase Immersion Thermal Management for Electric Vehicle (EV) Battery Modules. This partnership marked a step forward in delivering two-phase thermal management for electric vehicles.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 20.9% (2024-2032)

Unit Value (USD Billion)

Segmentation By Propulsion Type

- Battery Electric Vehicle (BEV)

- Plug-In Hybrid Electric Vehicle (PHEV)

- Hybrid Electric Vehicle (HEV)

By Vehicle Type

- Passenger Cars

- Commercial Vehicles

By Technology

- Air Cooling and Heating

- Liquid Cooling and Heating

- Phase Change Material (PCM)

By Battery Type

- Conventional

- Solid State

By Geography

- North America (By Propulsion Type, By Vehicle Type, By Technology, By Battery Type)

U.S (By Vehicle Type)
Canada (By Vehicle Type)
Mexico (By Vehicle Type)

- Europe (By Propulsion Type, By Vehicle Type, By Technology, By Battery Type)

UK (By Vehicle Type)
Germany (By Vehicle Type)
France (By Vehicle Type)
Rest of Europe (By Vehicle Type)

- Asia Pacific (By Propulsion Type, By Vehicle Type, By Technology, By Battery Type)

China (By Vehicle Type)
Japan (By Vehicle Type)
India (Vehicle Type)
Rest Of Asia Pacific (By Vehicle Type)

- Rest of the World (By Propulsion Type, By Vehicle Type, By Technology, By Battery Type)

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1. Introduction: 1.1. Research Scope; 1.2. Market Segmentation; 1.3. Research Methodology; 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics: 3.1. Market Drivers; 3.2. Market Restraints; 3.3. Market Opportunities
4. Key Insights: 4.1. Key Industry Developments - Merger, Acquisitions, and Partnerships; 4.2. Porter’s Five Forces Analysis; 4.3. Technological Developments; 4.4. Impact of COVID-19
5. Global Automotive Battery Thermal Management System Market Analysis, Insights and Forecast, 2019-2032: 5.1. Key Findings / Summary; 5.2. Market Analysis, Insights and Forecast – By Propulsion Type; 5.2.1. Battery Electric(BEV); 5.2.2. Plug in Hybrid (PHEV); 5.2.3. Hybrid Electric (HEV); 5.3. Market Analysis, Insights and Forecast – By Technology; 5.3.1. Air Cooling and Heating; 5.3.2. Liquid Cooling and Heating; 5.3.3. Phase Change Material(PCM); 5.4. Market Analysis, Insights and Forecast – By Battery Type; 5.4.1. Conventional; 5.4.2. Solid State; 5.5. Market Analysis, Insights and Forecast – By Vehicle Type; 5.5.1. Passenger Cars; 5.5.2. Commercial Vehicle; 5.6. Market Analysis, Insights and Forecast – By Region; 5.6.1. North America; 5.6.2. Europe; 5.6.3. Asia Pacific; 5.6.4. Rest of the World
6. North America Automotive Battery Thermal Management System Market Analysis, Insights and Forecast, 2019-2032: 6.1. Key Findings / Summary; 6.2. Market Analysis – By Propulsion Type; 6.2.1. Battery Electric Vehicle (BEV); 6.2.2. Plug In Hybrid Electric Vehicle (PHEV); 6.2.3. Hybrid Electric Vehicle (HEV); 6.3. Market Analysis – By Technology; 6.3.1. Air Cooling and Heating; 6.3.2. Liquid Cooling and Heating; 6.3.3. Phase Change Material (PCM); 6.4. Market Analysis, Insights and Forecast – By Battery Type; 6.4.1. Conventional; 6.4.2. Solid State; 6.5. Market Analysis, Insights and Forecast – By Vehicle Type; 6.5.1. Passenger Cars; 6.5.2. Commercial Vehicle; 6.6. Market Analysis – By Country (Value); 6.6.1. U.S.; 6.6.1.1. By Vehicle Type; 6.6.2. Canada; 6.6.2.1. By Vehicle Type; 6.6.3. Mexico; 6.6.3.1. By Vehicle Type
7. Europe Automotive Battery Thermal Management System Market Analysis, Insights and Forecast, 2019-2032: 7.1. Key Findings / Summary; 7.2. Market Analysis – By Propulsion Type; 7.2.1. Battery Electric Vehicle (BEV); 7.2.2. Plug In Hybrid Electric Vehicle (PHEV); 7.2.3. Hybrid Electric Vehicle (HEV); 7.3. Market Analysis – By Technology; 7.3.1. Air Cooling and Heating
8. 7.3.2 Liquid Cooling and Heating: 9.; 9.1.; 9.1.1. Phase Change Material (PCM); 9.2. Market Analysis, Insights and Forecast – By Battery Type; 9.2.1. Conventional; 9.2.2. Solid State; 9.3. Market Analysis, Insights and Forecast – By Vehicle Type; 9.3.1. Passenger Cars; 9.3.2. Commercial Vehicle; 9.4. Market Analysis – By Country (Value); 9.4.1. U.K.; 9.4.1.1. By Vehicle Type; 9.4.2. Germany; 9.4.2.1. By Vehicle Type; 9.4.3. France; 9.4.3.1. By Vehicle Type; 9.4.4. Rest of Europe; 9.4.4.1. By Vehicle Type
10. Asia Pacific Automotive Battery Thermal Management System Market Analysis, Insights and Forecast, 2019-2032: 10.1. Key Findings / Summary; 10.2. Market Analysis – By Propulsion Type; 10.2.1. Battery Electric Vehicle (BEV); 10.2.2. Plug In Hybrid Electric Vehicle (PHEV); 10.2.3. Hybrid Electric Vehicle (HEV); 10.3. Market Analysis – By Technology; 10.3.1. Air Cooling and Heating; 10.3.2. Liquid Cooling and Heating; 10.3.3. Phase Change Material (PCM); 10.4. Market Analysis, Insights and Forecast – By Battery Type; 10.4.1. Conventional; 10.4.2. Solid State; 10.5. Market Analysis, Insights and Forecast – By Vehicle Type; 10.5.1. Passenger Cars; 10.5.2. Commercial Vehicle; 10.6. Market Analysis – By Country (Value); 10.6.1. China; 10.6.1.1. By Vehicle Type; 10.6.2. Japan; 10.6.2.1. By Vehicle Type; 10.6.3. India; 10.6.3.1. By Vehicle Type; 10.6.4. Rest of Asia Pacific; 10.6.4.1. By Vehicle Type
11. Rest of the World Automotive Battery Thermal Management System Market Analysis, Insights and Forecast, 2019-2032: 11.1. Key Findings / Summary; 11.2. Market Analysis – By Propulsion Type; 11.2.1. Battery Electric Vehicle (BEV); 11.2.2. Plug In Hybrid Electric Vehicle (PHEV); 11.2.3. Hybrid Electric Vehicle (HEV); 11.3. Market Analysis – By Technology; 11.3.1. Air Cooling and Heating; 11.3.2. Liquid Cooling and Heating; 11.3.3. Phase Change Material (PCM); 11.4. Market Analysis, Insights and Forecast – By Battery Type; 11.4.1. Conventional; 11.4.2. Solid State; 11.5. Market Analysis, Insights and Forecast – By Vehicle Type; 11.5.1. Passenger Cars; 11.5.2. Commercial Vehicle
12. Competitive Analysis: 12.1. Key Industry Developments; 12.2. Global Market Ranking Analysis (2023); 12.3. Competition Dashboard; 12.4. Comparative Analysis – Major Players; 12.5. Company Profiles; 12.5.1. Valeo; 12.5.1.1. Overview; 12.5.1.2. Products & services; 12.5.1.3. SWOT Analysis; 12.5.1.4. Recent Developments; 12.5.1.5. Strategies; 12.5.1.6. Financials (Based on Availability); 12.5.2. Hanon Systems; 12.5.2.1. Overview; 12.5.2.2. Products & services; 12.5.2.3. SWOT Analysis; 12.5.2.4. Recent Developments; 12.5.2.5. Strategies; 12.5.2.6. Financials (Based on Availability); 12.5.3. Samsung SDI Co., Ltd; 12.5.3.1. Overview; 12.5.3.2. Products & services; 12.5.3.3. SWOT Analysis; 12.5.3.4. Recent Developments; 12.5.3.5. Strategies; 12.5.3.6. Financials (Based on Availability); 12.5.4. VOSS Automotive GmbH; 12.5.4.1. Overview; 12.5.4.2. Products & services; 12.5.4.3. SWOT Analysis; 12.5.4.4. Recent Developments; 12.5.4.5. Strategies; 12.5.4.6. Financials (Based on Availability); 12.5.5. MAHLE GmbH; 12.5.5.1. Overview; 12.5.5.2. Products & services; 12.5.5.3. SWOT Analysis; 12.5.5.4. Recent Developments; 12.5.5.5. Strategies; 12.5.5.6. Financials (Based on Availability); 12.5.6. Dana Limited; 12.5.6.1. Overview; 12.5.6.2. Products & services; 12.5.6.3. SWOT Analysis; 12.5.6.4. Recent Developments; 12.5.6.5. Strategies; 12.5.6.6. Financials (Based on Availability); 12.5.7. GENTHERM; 12.5.7.1. Overview; 12.5.7.2. Products & services; 12.5.7.3. SWOT Analysis; 12.5.7.4. Recent Developments; 12.5.7.5. Strategies; 12.5.7.6. Financials (Based on Availability); 12.5.8. Robert Bosch GmbH; 12.5.8.1. Overview; 12.5.8.2. Products & services; 12.5.8.3. SWOT Analysis; 12.5.8.4. Recent Developments; 12.5.8.5. Strategies; 12.5.8.6. Financials (Based on Availability); 12.5.9. Continental AG; 12.5.9.1. Overview; 12.5.9.2. Products & services; 12.5.9.3. SWOT Analysis; 12.5.9.4. Recent Developments; 12.5.9.5. Strategies; 12.5.9.6. Financials (Based on Availability); 12.5.10. LG chem; 12.5.10.1. Overview; 12.5.10.2. Products & services; 12.5.10.3. SWOT Analysis; 12.5.10.4. Recent Developments; 12.5.10.5. Strategies; 12.5.10.6. Financials (Based on Availability)