Press release
Global Electric Vehicle Battery Thermal Management System Market Analysis, Size to grow at a CAGR of 37.77% Between 2017-2021
The consumption of rechargeable batteries is growing globally, covering all major sectors, including consumer electronics, energy, automotive, and telecom. The efficiency of the batteries (the maximum output power with respect to size and weight) has improved due to the advances in technologies. This growth in the global rechargeable battery market has prompted companies to become knowledgeable about the thermal management of battery systems, such as solutions for overheating and cold weather conditions, to improve battery life and performance.
The global electric vehicle battery thermal management system market to grow at a CAGR of 37.77% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global electric vehicle battery thermal management system market for 2017-2021. To calculate the market size, the report considers the revenue generated from the total unit sales of BTMS offered in EVs currently sold in the market.
The market is divided into the following segments based on geography:
APAC
Europe
North America
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Technavio's report, Global Electric Vehicle Battery Thermal Management System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Bosch
Gentherm
LG Chem
Valeo
Other prominent vendors
AVID
CalsonicKansei
CapTherm Systems
Dana
DuPont
Hanon Systems
Tesla Motors
VOSS Automotive
Market driver
BTMS integrated with TMS of other electric drive components.
For a full, detailed list, view our report
Market challenge
Increasing heat generation owing to fast chargers and small batteries.
For a full, detailed list, view our report
Market trend
Increasing use of software and sensors for intelligent BMS.
For a full, detailed list, view our report
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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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