Robert Bosch GmbH, Dana Incorporated, LG Chem., Calsonic Kansei Corporation, Continental AG, Gentherm Incorporated, VOSS Automotive, CapTherm Systems Profiled in Automotive Battery Thermal Management System Market Report 2018-2026
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Automotive battery thermal management system improves performance and range of batteries in electric and hybrid vehicles. It assists in enhancing and maintaining energy storage capacity, driving range, cell longevity and system safety. The automotive battery thermal management system includes air cooling system, liquid cooling system, direct refrigerant cooling system, phase change material cooling system, and thermo-electric cooling system & heating.
The demand for automotive battery thermal management system has increased owing to increasing adoption of electric vehicles, and growing need for improved battery performance and efficiency in electric automobiles. The increasing awareness regarding electric vehicles coupled with rising environmental concerns support the growth of the automotive battery thermal management system market. The growth in implementation of battery-driven public transport, and introduction of stringent emission norms by governments have resulted in market growth. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.
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The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Automotive Battery Thermal Management System Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
Asia-Pacific generated the highest revenue in the automotive battery thermal management system market in 2017 owing to increasing demand for electric vehicles, and emerging economies of China, Japan, India, and South Korea. The strict government regulations regarding vehicular emissions, and increasing environmental concerns in the region impact the market growth.
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Competitive Landscape and Key Vendors
The global automotive Battery Thermal Management System market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
The leading companies profiled in the report include Robert Bosch GmbH, Dana Incorporated, LG Chem., Calsonic Kansei Corporation, Continental AG, Gentherm Incorporated, VOSS Automotive, CapTherm Systems, Hanon Systems, and Mahle Behr GmbH.
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