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EV Battery Thermal Management System Market Revenue, Industry Growing Demand, Size, Share and Forecast - 2025

03-01-2023 01:16 PM CET | Industry, Real Estate & Construction

Press release from: Analytics Market Research

EV Battery Thermal Management System Market

EV Battery Thermal Management System Market

EV Battery Thermal Management System market is expected to reach $4.24 billion by 2025, growing at a CAGR of 16.6% from 2020 to 2025.

EV (Electric Vehicle) Battery Thermal Management System market refers to the market for systems designed to regulate the temperature of the battery in an electric vehicle. This is an important aspect of EV technology, as batteries can suffer from reduced performance and lifespan if they are subjected to temperature extremes.

EV Battery Thermal Management Systems are typically made up of a combination of hardware and software components, including sensors, cooling systems, and control units. These systems are designed to monitor the temperature of the battery and adjust the cooling or heating as necessary to maintain optimal operating temperatures.

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Market Overview:

The battery thermal management system (BTMS) keeps an electric car battery pack at an ideal average temperature during the electrochemical activities taking place in cells. Excessive battery temperatures increase the risk of explosion, decrease performance, and shorten battery life. As a result, all battery modules require a battery heat management system. The main goal of a battery thermal management system is to regulate the battery cell's temperature in order to increase battery life. The battery heat management system should provide ventilation and enable the pack to operate in a wide variety of climatic conditions. In addition, thermal management enables electric vehicles to minimise the size of the electric engines in addition to enhancing battery power and longevity.

The market for electric vehicle battery thermal management systems is expected to increase as a result of factors such rising demand for electric vehicles, long-range & quick charging technologies, and favourable emission requirements. The development of the EV BTMS market is, however, constrained by design issues, complexity in battery thermal management system components, and a lack of adequate infrastructure for electric vehicles. The market for electric vehicle battery thermal management systems has growth prospects due to advances in lithium-ion battery technology and battery cooling systems.

Global EV Battery Thermal Management System Market: Segmentations

Global EV Battery Thermal Management System Market: Major Players
Gentherm Inc
Dana Inc
Infineon Technologies AG
DOBER
Renesas Electronics Corp
Robert Bosch GmbH
Johnson Matthey Plc
Valeo SA
DuPont de Nemours Inc
Texas Instruments Inc

Global EV Battery Thermal Management System Market: By Types
Li-ion
lead-acid
Others

Global EV Battery Thermal Management System Market: By Applications
Commercial Vehicles
Passenger Vehicles

Global EV Battery Thermal Management System Market: Regional Analysis
The countries covered in the regional analysis of the Global EV Battery Thermal Management System market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Report Scope:

The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the EV Battery Thermal Management System manufacturers, distributors, end users, industry associations, governments' industry bureaus, industry publications, industry experts, third party database, and our in-house databases. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment by type, application and region and as a result provides a holistic view of as well as a deep insight into the EV Battery Thermal Management System market covering all its essential aspects.

Key Benefits:

• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter's Five Force Model and SWOT analysis are used to study the global EV Battery Thermal Management System market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of EV Battery Thermal Management System would help in identifying future applications in this market.

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Phone: +1(650)-666-4592
Email: sales@analyticsmarketresearch.com

About US
Analytics Market Research is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.

Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. Analytics Market Research is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.

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