Global Battery Thermal Management System Market Growth 2023-2029

Global Battery Thermal Management System Market Growth 2023-2029

Battery Thermal Management System is a system controlling the cooling and pre-heating of battery used in electric and hybrid vehicles. Automotive Battery Thermal Management System is part of the automotive thermal management system. It ensures batteries operate within a certain temperature range, will be crucial to helping electric cars drive greater distances for a longer period of time. The major parts of automotive battery thermal management system are Cooling plate, battery cooler, electronic water pump and electronic expansion valve. Most of these parts are produced by the system suppliers.
LPI (LP Information)' newest research report, the “Battery Thermal Management System Industry Forecast” looks at past sales and reviews total world Battery Thermal Management System sales in 2022, providing a comprehensive analysis by region and market sector of projected Battery Thermal Management System sales for 2023 through 2029. With Battery Thermal Management System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Battery Thermal Management System industry.
This Insight Report provides a comprehensive analysis of the global Battery Thermal Management System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Battery Thermal Management System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Battery Thermal Management System market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Battery Thermal Management System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Battery Thermal Management System.
The global Battery Thermal Management System market size is projected to grow from US$ 1139.7 million in 2022 to US$ 6310.4 million in 2029; it is expected to grow at a CAGR of 6310.4 from 2023 to 2029.
The main Battery Thermal Management System players include Mahle, Valeo, Hanon Systems, Gentherm, Dana, etc. The top five Battery Thermal Management System players account for approximately 60% of the total global market. Europe is the largest consumer market for Battery Thermal Management System, accounting for about 77%, followed by North America and China. In terms of type, Liquid Cooling is the largest segment, with a share about 87%. And in terms of application, the largest application is Pure Electric, followed by Plug-In Hybrid.
This report presents a comprehensive overview, market shares, and growth opportunities of Battery Thermal Management System market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Liquid Cooling and Heating
Air Cooling and Heating
Segmentation by application
BEV
PHEV
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Mahle
Valeo
Hanon Systems
Gentherm
Dana
Grayson

Key Questions Addressed in this Report
What is the 10-year outlook for the global Battery Thermal Management System market?
What factors are driving Battery Thermal Management System market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Battery Thermal Management System market opportunities vary by end market size?
How does Battery Thermal Management System break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.