Automotive Battery Thermal Management System Market 2028: Emerging Opportunities | Techsci Research

During the forecast period, the automotive battery thermal management system market is anticipated to grow at a CAGR of approximately 16%. The growing demand for electric vehicles is driving the global automotive battery thermal management system market. Furthermore, investments in charging infrastructure and government subsidies for BEVs are expected to fuel market growth over the next five years. Additionally, the increasing technological advancements in vehicle automation are contributing to the growth of this market.

The market for automotive battery thermal management systems is segmented based on company, vehicle type, technology, battery type, battery capacity, propulsion, and region. The passenger car segment is expected to continue dominating the market over the next five years due to the government's various initiatives for EV adoption and the increasing demand and production of passenger cars. The market is categorized into passenger cars, light commercial vehicles, and heavy commercial vehicles.

The Asia-Pacific region, the largest market for automobiles, is expected to witness the fastest growth during the forecast period.

The major players operating in the automotive battery thermal management system market include Continental AG, LG Chem, Ltd., Gentherm, Robert Bosch, Valeo, Calsonic Kansei, Dana, Hanon Systems, Mahle GmbH, Samsung SDI Company Limited, and others. In order to expand their geographic reach and customer base, key market players are adopting competitive strategies such as mergers and acquisitions, partnerships, and agreements.

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Objective of the Study:

• To analyze and estimate the market size of global automotive battery thermal management system market from 2018 to 2021.
• To estimate and forecast the market size of global automotive battery thermal management system market from 2022 to 2028 and growth rate until 2028.
• To classify and forecast global automotive battery thermal management system market based on vehicle type, technology, battery type, battery capacity, propulsion, company and regional distribution.
• To identify dominant region or segment in the global automotive battery thermal management system market.
• To identify drivers and challenges for global automotive battery thermal management system market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global automotive battery thermal management system market.
• To conduct pricing analysis for global automotive battery thermal management system market.
• To identify and analyze the profile of leading players operating in global automotive battery thermal management system market.
• To identify key sustainable strategies adopted by market players in global automotive battery thermal management system market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers and presence of all major players across the globe.

TechSci Research calculated the market size of global automotive battery thermal management system market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Automotive battery thermal management system manufacturers
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to automotive battery thermal management system

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

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About TechSci Research:

TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.

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