Press release
Automotive Battery Thermal Management System Market size, share, trends analysis and Forecast forecast 2021-2031 | Calsonic Kansei Corporation, Continental AG , Dana Incorporated, Gentherm Incorporated
A thermal management system for automotive batteries is a system that helps to regulate the temperature of the battery pack to keep it within a safe operating range. There are many different types of thermal management systems, but they all have the same goal of keeping the battery pack at a safe temperature.Download Free Sample of Report - https://www.globalinsightservices.com/request-sample/GIS21533
Key Trends
The automotive industry is facing a number of challenges when it comes to battery thermal management system (BMS) technology. The most significant challenge is the need to improve battery performance and extend battery life while reducing costs.
One key trend in BMS technology is the development of new materials and chemistries that can improve battery performance. For example, many companies are working on developing new electrolyte formulations that can improve battery efficiency and stability.
Another key trend is the development of new BMS architectures that can improve system performance and efficiency. For example, some companies are working on developing multi-level BMS systems that can more effectively manage battery temperature.
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Finally, another key trend is the development of new manufacturing processes and technologies that can improve BMS performance and reduce costs. For example, new methods for depositing thin-film electrolytes are being developed that can improve battery efficiency.
Key Drivers
The major drivers of this market are the increasing adoption of electric vehicles and the stringent emission norms.
The increasing adoption of electric vehicles is one of the major drivers for the automotive battery thermal management system market. The need for efficient battery cooling systems in electric vehicles is critical as it helps in extending the range and improving the overall performance of the vehicle.
The other factor driving the market is the stringent emission norms. The automotive battery thermal management system helps in reducing the emission of greenhouse gases and also improves the fuel efficiency of the vehicle.
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Restraints & Challenges
The automotive battery thermal management system market is driven by the increasing demand for electric vehicles, stringent emission regulations, and the need for extended battery life.
However, the high cost of battery thermal management systems and the lack of standardization are the key restraints and challenges in the automotive battery thermal management system market.
Market Segments
The Automotive Battery Thermal Management System Market is segmented by battery type, propulsion, battery capacity, and vehicle type. Based on battery type, the market is segmented as conventional and solid-state. Further, based on propulsion, the market is divided into HEV, BEV, PHEV, and FCV. Furthermore, on basis of battery capacity, market is segmented as less than 100 kWh, 100-200 kWh, 200-500 kWh, and more than 500 kWh. Based on vehicle type, the automotive battery thermal management system market is segmented as passenger vehicle, HCV, and LCV. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Automotive Battery Thermal Management System Market includes players such as Calsonic Kansei Corporation, Continental AG , Dana Incorporated, Gentherm Incorporated, Hanon Systems, LG Chem Ltd., MAHLE GmbH, Robert Bosch GmbH, SAMSUNG SDI CO., LTD. and Valeo.
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