Market Research Future (MRFR) has launched a new release on the global Automotive Battery Thermal Management System Market. The report presents a thorough overview of the global Automotive Battery Thermal Management System Market on the back of a detailed analysis of the market’s historical growth trajectory and leading segments. The market’s historical growth trajectory is assessed in detail in the report in order to understand the major factors underlying the market’s growth in the study period.Market Synopsis:
Battery management system is considered to be an integral component of automotive, as it ensures smooth and reliable battery operations. To maintain the quality of battery thermal management, the safety of the battery needs to be maintained, its state needs to be monitored, and it is imperative to track the cell balancing functionalities as well as charge control. The battery acts as an electrochemical product according to the environmental and operational conditions. Therefore, factors such as heat dissipation, heat transport, and heat generation are generally considered to ensure efficient battery performance.
Battery Thermal Management System (BTMS) includes both software and hardware and is dependent on the operating conditions and is then customized for either heating, cooling or insulating. Integration of electric thermal management systems with the automotive battery thermal management system, worldwide energy crisis issue, increasing air pollution, expenditure on infrastructure coupled with strong government support as well as subsidies are projected to boost the demand for the global Automotive Battery Thermal Management System Market in the coming years.
The market for automotive battery thermal management system has been growing over the years, thanks to the mounting awareness about electric vehicles, subsidies offered for purchasing of electric vehicles and government initiatives in tax exemption. Other important factors inducing market growth include the continuously depleting oil reserves combined with the sizeable investments in charging infrastructure.
Market Segmentation
The global Automotive Battery Thermal Management System Market has been segmented with respect to technology, propulsion, battery capacity, and vehicle type.
Technology-wise segments mentioned in the report are air, phase change material, liquid, and thermoelectrics.
Depending on propulsion, the market has been split into HEV, BEV, PHEV, & FCV.
Given the battery capacity segment, the market includes 0 – 200 KWh, 200 – 500 KWh, and > 500 KWh.
Taking into account the vehicle type, the Automotive Battery Thermal Management System Market consists of commercial and passenger. The passenger vehicle type leads the market, on account of the constant efforts being put by several government organizations to stimulate the adoption rate of electric vehicles across the globe.
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