Global Automotive Battery Thermal Management System Market: Key Highlights
Global Automotive Battery Thermal Management System Market: Key Market Dynamics
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Global Automotive Battery Thermal Management System Market: Regional Overview
The automotive battery thermal management system market in the North America region is projected to witness high demand due to the rising number of accidents, resulting in loss of lives and properties. According to US National Highway Traffic Safety Administration (NHTSA), 88% of rear-end collisions occur due to the negligence of the driver or following the other vehicle closely. Thus, rising safety concerns has expected to surge the demand for the product market.
Europe is expected to witness steady growth in Automotive Battery Thermal Management system during the forecasted period owing to the stringent government regulations regarding occupant and pedestrian safety for vehicles. For instance, countries like Germany, the United Kingdom, and France are promoting Euro NCAP, a car assessment program activity to ensure the safety. Thus, implementation of such programs has expected to drive the product market growth.
Global Automotive Battery Thermal Management System Market: Key Players Overview
In March 2017, Continental expanded its production capacity by opening its first production plant outside Germany in China. The company invested more than USD 24 million to produce high-performance coated materials for a wide range of applications.
LG Chem was incorporated in 1947 and is one of the become a world-class corporation that creates new value for our customers. The company operates through petrochemical and ABS business segments.
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