Global Battery Thermal System Market is Driven by Rising Need of Mobility Solutions

Battery Thermal System Market is estimated to grow at 3.0% for 2020-2027 with factors such as high cost of technology along with design complexities and increasing need of high capital investment which will hinder the growth of the market in emerging economies.

Battery thermal system market has shown an exceptional penetration in developed economies in North America. Increasing number of research and development activities along with adoption of advanced technology which will likely to enhance the growth of the market.

Battery Thermal System Market Scenario

According to Data Bridge Market Research the battery thermal system market is attaining a significant growth in developing economies during the forecast period of 2020-2027 due to factors such as rising need of mobility solutions along with rising demand of electric vehicle, increasing research and development, adoption of advanced technologies, rising number of initiatives taken by government for the adoption of emission regulation, growing preferences towards luxury as well as comfort features which will help in boosting the growth of the market.

Now the question is which are the other regions that battery thermal system market is targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific battery thermal system market in the forecast period of 2020-2027. The Data bridge market research new reports highlight the major growth factors and opportunities in the battery thermal system market.  

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Scope of the Battery Thermal System Market

Battery thermal system market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Brazil, Argentina, Rest of South America as a part of South America, Germany, France, U.K., Italy, Spain, Netherlands, Belgium, Russia, Turkey, Switzerland, Rest of Europe in Europe, China, Japan, India, Australia, Singapore, Thailand, Malaysia, South Korea, Indonesia, Philippines, Rest of Asia-Pacific (APAC) as a part of Asia-Pacific (APAC), U.A.E, Egypt, Saudi Arabia, South Africa, Israel,  Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

  • All country based analysis of the battery thermal system market is further analyzed based on maximum granularity into further segmentation. On the basis of component, the market is segmented into air filter, condenser, compressor, water pump, motor, heat exchanger, heater control unit, thermoelectric generator, electric compressor, electric water pump, and electric motor. On the basis of electric vehicle type, the market has been segmented into battery electric vehicle (BEV), hybrid electric vehicle (HEV), plug-in hybrid electric vehicle (PHEV), fuel cell electric vehicle (FCEV), and 48v mild hybrid vehicle. Based on technology, the market has been segmented into active transmission warm up, EGR, engine thermal mass reduction, reduced HVAC system loading, and others. Battery thermal system market on the basis of ICE vehicle type has been segmented as passenger car, light commercial vehicle (LCV), truck, and bus. On the basis of battery type, the market has been segmented into conventional batteries, and solid-state batteries.  Based on battery capacity, the market has been segmented into <100 kWh, 100–200 kWh, 200–500 kWh, and >500 kWh.
  • The battery thermal management System is used to improve the battery life by regulating temperature and distribution levels. It includes maintaining the operations of the battery, monitoring and assessing its state, charging control and other factors.

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Key Pointers Covered in the Battery Thermal System Market Industry Trends and Forecast to 2027

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Regulatory Framework and Changes
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the report

  • MAHLE GmbH
  • Hanon Systems
  • BorgWarner Inc.
  • Schaeffler Technologies AG & Co. KG
  • Johnson Electric Holdings Limited
  • Dana Limited.
  • Robert Bosch GmbH.
  • Eberspächer
  • VOSS Automotive GmbH
  • Grayson
  • Boyd Corporation.

Above are the key players covered in the report, to know about more and exhaustive list of battery thermal system companies contact us

Research Methodology: Global Battery Thermal System Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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