The Global automotive battery thermal management system market is estimated to reach USD 3.2 Billion in 2024 at a CAGR of 16.9 %. Increase in improvement of electrical performance and battery life and increase in demand of electric vehicle from emerging economies is expected to drive the automotive battery thermal management system market during the forecast period. However, high manufacturing cost are expected to restrain the market during the forecast period. Rise in adoption of advanced lithium-ion batteries and increase need for thermal protection due to safety considerations are expected to become an opportunity for automotive battery thermal management system market.
Automotive battery thermal management system increases the temperature of battery and maintains the optimum operating temperature to maximize output efficiency and prolong battery life. This system has a heating and cooling capabilities to maintain the battery cell temperature within the specified time range. This system plays a vital role in controlling the thermal behavior of the battery. Some key players in automotive battery thermal management system are Continental AG, LG Chem., GENTHERM., Marelli Corporation and SAMSUNG SDI CO.,LTD. among others.
This market research report offers a comprehensive analysis of key market trends in the global automotive battery thermal management system market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by tactful feedbacks. On the basis of battery type, the market is segmented into solid-state battery and conventional battery. Based on technology, the market can be segmented into air cooling and heating system, liquid cooling and heating system, direct refrigerant cooling and heating system, phase change material (PCM) system, thermo-electric system and others. Based on application, the market can be segmented into battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), hybrid electric vehicles (HEVs) and fuel cell electric vehicles. Based on vehicle-type, the market can be segmented into passenger car and commercial vehicle. Based on end user, the market can be segmented into original equipment manufacturer (OEM) and aftermarket. The regional analysis is covered under five major regions such as North America, South America, Europe, Asia-Pacific, Middle East & Africa, and South America, with individual country-level analysis.
The report on the global market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
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Historical/Estimated/Forecasted Market Size Years |
2017-2024 |
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Base Year for Market Calculation |
2018 |
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Forecasted Period |
2019-2024 (2019 estimated year, forecasted up to 2024) |
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Measured Units |
Value (USD Million) |
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Segments Included |
Battery Type, Technology, Application, Vehicle-Type, End-User and Region |
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Regional Coverage |
Asia-Pacific, North America, Europe, Middle East & Africa, and South America |
For the scope of report, In-depth segmentation is offered by Forencis Research
AUTOMOTIVE BATTERY THERMAL MANAGEMENT SYSTEM Market by Battery Type
AUTOMOTIVE BATTERY THERMAL MANAGEMENT SYSTEM Market by Technology
AUTOMOTIVE BATTERY THERMAL MANAGEMENT SYSTEM Market by Application
AUTOMOTIVE BATTERY THERMAL MANAGEMENT SYSTEM Market by Vehicle-Type
AUTOMOTIVE BATTERY THERMAL MANAGEMENT SYSTEM Market by End-User
AUTOMOTIVE BATTERY THERMAL MANAGEMENT SYSTEM Market by Region
1 INTRODUCTION
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
1.6 Assumptions
1.7 Limitations
2 RESEARCH DESIGN & SCOPE
2.1 Introduction
2.2 Primary Research
2.2.1 Key Industry Expert Insight
2.3 Secondary Research
2.3.1 Vital Data from Secondary Sources
2.4 Market Size Estimation
2.5 Data Validation & Triangulation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Introduction
4.2 Drivers
4.2.1. Increase in Improvement of Electrical Performance and Battery Life
4.2.2. Increase in Demand of Electric Vehicle from Emerging Economies
4.3 Restraints
4.3.1 High Manufacturing Cost
4.4 Opportunities
4.4.1 Rise in Adoption of Advanced Lithium-Ion Batteries
4.4.2 Increase Need for Thermal Protection Due to Safety Considerations
4.5 Challenges
4.5.1 Optimizing Battery Range and Lifespan in Hybrid and Electric Vehicles
4.5.2 Reduction in Reliability and Increased Design Complexity
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1 Introduction
5.1.1. Power of Buyers
5.1.2. Power of Suppliers
5.1.3. Intensity of Competition
5.1.4. Challenges of Substitutes
5.1.5. Challenges of New Entrants
5.2 Macro-Economic Indicators
6 AUTOMOTIVE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY BATTERY TYPE, Market Size in USD Million (2017—2024)
6.1 Introduction
6.2 Solid-State Battery
6.3 Conventional Battery
7 AUTOMOTIVE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY, Market Size in USD Million (2017—2024)
7.1 Introduction
7.2 Air Cooling and Heating System
7.3 Liquid Cooling and Heating System
7.4 Direct Refrigerant Cooling and Heating System
7.5 Phase Change Material (PCM) System
7.6 Thermo-Electric System
7.7 Others
8 AUTOMOTIVE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY APPLICATION, Market Size in USD Million (2017—2024)
8.1 Introduction
8.2 Battery Electric Vehicles (BEVs)
8.3 Plug-In Hybrid Electric Vehicles (PHEVs)
8.4 Hybrid Electric Vehicles (HEVs)
8.5 Fuel Cell Electric Vehicles
9 AUTOMOTIVE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE, Market Size in USD Million (2017—2024)
9.1 Introduction
9.2 Passenger Car
9.3 Commercial Vehicle
10 AUTOMOTIVE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY END-USER, Market Size in USD Million (2017—2024)
10.1 Introduction
10.2 Original Equipment Manufacturer (OEM)
10.3 Aftermarket
11 AUTOMOTIVE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY REGION, Market Size in USD Million (2017—2024)
11.1 North America
11.1.1 US
11.1.2 Canada
11.1.3 Mexico
11.2 Europe
11.2.1 Germany
11.2.2 UK
11.2.3 France
11.2.4 Italy
11.2.5 Spain
11.2.6 Norway
11.2.7 Rest of Europe
11.3 Asia-Pacific
11.3.1 China
11.3.2 India
11.3.3 Japan
11.3.4 South Korea
11.3.5 Rest of Asia-Pacific
11.4 Middle East & Africa
11.4.1 Saudi Arabia
11.4.2 UAE
11.4.3 Rest of Middle East & Africa
11.5 South America
11.5.1 Brazil
11.5.2 Argentina
11.5.3 Rest of South America
12 COMPETITIVE LANDSCAPE
12.1 Introduction
12.2 Market Ranking/Share Analysis of Key Companies
12.3 Company Benchmarking
13 COMPANY PROFILES
13.1 Continental AG
13.1.1 Company Overview
13.1.2 Financial Overview
13.1.3 Products/Solutions/Services Offered
13.1.4 Key Developments
13.1.5 SWOT Analysis
13.2 LG Chem.
13.3 GENTHERM.
13.4 Marelli Corporation
13.5 SAMSUNG SDI CO.,LTD.
13.6 VALEO
13.7 Hanon Systems
13.8 Bosch Limited
13.9 Dana Limited.
13.10 MAHLE GmbH
13.11 Others
14 APPENDIX
14.1 Key Industry Expert Insights
14.2 Primary Discussion Guide
14.3 Customization Options
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain