Press release
Automotive Battery Thermal Management System Market By Global Key Players: LG, Continental, Robert Bosch, Samsung, CapTherm, Mahle
Automotive Battery Thermal Management System Market Overview:
LG Chem (South Korea), Continental (Germany), GenTherm (U.S.), Robert Bosch (Germany), Valeo (France), Calsonic Kansei (Japan), DANA (U.S.), Hanon Systems (Korea), Samsung SDI (Korea), Mahle (Germany), VOSS Automotive (Germany), and CapTherm Systems (Canada) are some of the prominent players profiled in Analysis and are at the forefront of competition in the Global Automotive Battery Thermal Management System Market.
Inquire For Automotive Battery Thermal Management System Market Research Report - Forecast to 2023 report Of 100 Pages at: https://www.marketresearchfuture.com/enquiry/5728
The factors that are responsible for the growth of automotive battery thermal management system market are rise in awareness of electric vehicles, government initiatives in tax exemption, and subsidies offered in the purchase of electric vehicle. Other key drivers expected to contribute towards the growth of the battery thermal management system market are depletion of oil reserves and investment in charging infrastructure. The Battery Thermal Management System (BTMS) plays a vital role in controlling the thermal behavior of battery cells. The battery thermal management system manufacturers are testing new materials, arrangements, design, and technologies to improve the overall durability of the powertrain technology.
Battery manufacturers are facing issues in energy consumption of automotive electrical equipment. Stringent emission norms will enable key battery manufacturers to adopt the latest energy-efficient technologies. In addition to that, energy efficient technology will minimize heat dissipation through an electric inverter, electric control unit, and water pump in order to improve the overall dynamics of battery thermal management system.
The electronic display or the digital display cluster in an automobile is a digital panel showing a set of parameters like the vehicle speed, the engine rpm, the fuel capacity and the utilized fuel from the fuel tank. The basic purpose of such an electronic consolidated panel (Automotive Battery Thermal Management System system) is to provide the driver with precise information about the vehicle functionality related parameters in a visually comfortable format. The basic need of such a system arises from the consumer wanting to have an understanding of the entire vehicle and its functioning at a single glance. The analog instrument cluster systems of the earlier times were often misleading and confusing since the margin for error in their functioning was quite high. The driver while riding the vehicle gets limited time to glance at the analog instrument reading panel and process the information. The digital system provides simple and easily comprehensible information, making the overall driving experience much better.
Automotive Battery Thermal Management System Market Segmentation:
The automotive battery thermal management system market is segmented into technology, propulsion, battery capacity, and vehicle type. On the basis of technology, forced air system and liquid system are widely used and cover the majority of battery thermal management system market. On the basis of propulsion, the Battery Electric Vehicle (BEV) has the largest demand for automotive battery thermal management system. On the basis of vehicle type, passenger vehicles cover the majority of market share. Very few players, such as BYD Co. and Volvo, are present in the electric commercial vehicle industry, which are working on electric driven vehicles.
Automotive Battery Thermal Management System Market Regional Analysis:
The market is segmented based on America, Asia Pacific, Europe, and Rest of the World. Asia Pacific region is expected to dominate the market in future because of government ambition plan for electric vehicles. For instance, Chinese companies, such as BYD Co. and BAIC Motor Corp., and Japanese companies, such as Nissan and Mitsubishi, are investing huge amount money on electric vehicles. America market is second to the Asia Pacific market in battery thermal management system. Thus, the automotive battery thermal management system market is estimated to grow at approximately 16% CAGR during the period 2017-2023.
Get More Report Details @ https://www.marketresearchfuture.com/reports/automotive-battery-thermal-management-system-market-5728
This study provides an overview of the Global Automotive Battery Thermal Management System Market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive battery thermal management system market by its technology, propulsion, battery capacity, vehicle type, and REGION.
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