Battery Thermal Management System Market Size & Share For Automotive- Industry Trend and Forecast 2018 - 2026

The report analyzes and presents an overview of "Battery Thermal Management System Market For Automotive - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026" worldwide.

The main objective of this report is to define, describe, and forecast the global “Battery Thermal Management System” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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The global issues of energy crisis and air pollution have offered a great opportunity to develop electric vehicles. However, so far, cycle life of power battery, environment adaptability, driving range and charging time seems far to compare with the level of traditional vehicles with internal combustion engine. Effective battery thermal management (BTM) is absolutely essential to relieve this situation. For single battery, specific attention is paid to three important processes which are heat generation, heat transport, and heat dissipation. For large format cell, multi-scale multi-dimensional coupled models have been developed. This will facilitate the investigation on factors, such as local irreversible heat generation, thermal resistance, current distribution, etc., that account for intrinsic temperature gradients existing in cell. For battery module based on air and liquid cooling, series, series-parallel and parallel cooling configurations are discussed. Liquid cooling strategies, especially direct liquid cooling strategies, are reviewed and they may advance the battery thermal management system to a new generation. Temperature greatly affects the performance and life of batteries, so battery thermal control must be used in electric and plug-in hybrid electric vehicle under real driving conditions. In recent years, automakers and their battery suppliers have paid increased attention to battery thermal management, especially with regard to life cycle and related warranty costs. A thermal management system could be designed with a range of methods, from “simple energy balance equations” to more “sophisticated thermal and computational fluid dynamics models.” Regardless of the method, the basic performance of the management system is dictated by the thermal design of each cell or module.

The global battery thermal management system market for automotive can be segmented into propulsion, technology, vehicle, type, capacity, sales channel, and region. In terms of propulsion, the automotive battery thermal management system market can be divided into hybrid electric vehicle, plug-in hybrid electric vehicle, battery electric vehicle, and fuel cell vehicle. The battery electric vehicle segment is estimated to hold the largest market share of the automotive battery thermal management system market. The demand for automotive battery thermal management system in battery electric vehicle is influenced by the total sales of battery electric vehicle segment projected to grow in the forecasting year.

Based on technology, the battery thermal management system market can be classified into active technology, and one more segment. The active technology segment is projected to witness the incredible growth during the forecast period. The growth of this segment can be attributed to the increased efficiency, improved battery performance, and long life from active technology battery thermal management system. The growth can also be attributed to the high growth projections of BEVs in countries such as China and Japan. For instance, China has an ambitious plan of going all electric by 2025. Hence, this system is expected to experience the highest growth during the forecast period. In terms of vehicle, the automotive battery thermal management system market can be split into passenger vehicle and commercial vehicle. The passenger vehicle segment is expected to account for the key share of the automotive battery thermal management system market, followed by commercial vehicle segments during the forecast period.

Based on type, the automotive battery thermal management system market can be segregated into solid state and one more segment. The solid state segment is anticipated to expand with a increase in production of electric vehicle in the forecasting year. In terms of capacity, the automotive battery thermal management system market can be segmented into 12volt, 14 volt, 24 volt, and 48 volt. The 12 volt segment dominant the automotive battery thermal management system market with the increase in the production of passenger vehicle in the forecasting year. Based on sales channel, the automotive battery thermal management system market can be classified into OEM and aftermarket.

Based on geography, the battery thermal management system market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is the dominant market for the automotive sector; India, China, and Japan account for the leading share, led by the increase in production of vehicles in these countries. Furthermore, increase in spending on road infrastructure and rise in manufacturing activities in Asia Pacific are expected to augment the demand for commercial and passenger vehicles. This, in turn, is anticipated to boost the automotive battery management system market during the forecast period.

Key players operating in the global battery management system market for automotive are Continental AG, LG Chem., Gentherm Incorporated, Robert Bosch GmbH, Valeo, Calsonic Kansei Corporation, and Dana Incorporated,

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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