According to the report, Global Automotive Battery Thermal Management Systems market size is projected to reach USD 7.13 Billion value at CAGR of 18.5% during the forecast period 2021 to 2026. Factors such as the increasing demand for lithium-ion batteries and the growing adoption of electric vehicles is anticipated to propel the product’s demand worldwide. In June 2021, Amara Raja Batteries, a leading battery manufacturer in India, announced that it will be investing in the development of green technologies that involve lithium-ion batteries. The company is a well-known brand that provided automotive batteries under the brand names Powerzone and Amaron.
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Product Innovation by Eminent Players to Amplify Their Market Positions
The global market is experiencing healthy competition between key players that are striving to establish their footprint by developing innovative automotive battery thermal management systems to cater to the high automotive consumer demand globally. Moreover, other companies are focusing on maintaining their presence by adopting strategies such as collaboration, merger and acquisition, and partnership that will bode well for the growth of the market.
List of Key Companies Covered in the Automotive Battery Thermal Management Systems Market Report:
- Valeo (France)
- Hanon Systems (South Korea)
- SAMSUNG SDI Co, LTD (South Korea)
- VOSS Automotive GmbH (Germany)
- MAHLE GmbH (Germany)
- Dana Limited (U.S)
- GENTHERM (U.S)
- Robert Bosch GmbH (Germany)
- Continental AG (Germany)
- LG Chem (South Korea)
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Global Automotive Battery Thermal Management Systems Market Segmentation:
By Propulsion Type:
- Battery Electric Vehicles (BEV)
- Plug-In Electric Vehicles (PHEV)
- Hybrid Electric Vehicles (HEV)
- Air Cooling & Heating
- Liquid Cooling & Heating
- Phase Change Material (PCM)
By Battery Type:
- Solid State
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
- North America (USA, Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)
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