Automotive Battery Thermal Management System Market Worth 4.24 Billion USD by 2025
23 Feb, 2018, 08:30 GMT
PUNE, India, February 23, 2018 /PRNewswire/ --
The report "Automotive Battery Thermal Management System Market by Propulsion (BEV, HEV, PHEV, & FCV), Technology (Active and Passive), Vehicle Type (Passenger & Commercial), Battery Type (Conventional & Solid-State), Battery Capacity, and Region - Forecast to 2025", published by MarketsandMarkets™, the market is projected to grow at a CAGR of 16.05% during the forecast period, from USD 1.29 Billion in 2017 to USD 4.24 Billion by 2025. Factors such as improved battery performance and efficiency, integration of Automotive Battery Thermal Management System with other electric thermal management systems, and stringent emission regulations by governments have forced the manufacturers to move towards the adoption of hybrid and electric vehicle technology.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 90 tables and 53 figures spread through 153 pages and in-depth TOC on "Automotive Battery Thermal Management System Market - Global Forecast to 2025"
Early buyers will receive 10% customization on this report
"BEVs are estimated to showcase the largest demand for Automotive Battery Thermal Management System"
The BEV segment is estimated to hold the largest share of the Automotive Battery Thermal Management System Market. The demand for Automotive Battery Thermal Management System in BEVs is influenced by the total sales of BEVs. According to MarketsandMarkets analysis, the BEV sales are projected to grow from 431.3 thousand units in 2017 to 7.2 million units by 2025.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=184479896
"Active technology to be the fastest growing segment of the Automotive Battery Thermal Management System Market"
The active technology segment is projected to witness the fastest growth during the forecast period. The growth of this segment can be attributed to the increased efficiency, improved battery performance, and long life from active technology battery thermal management system. The growth can also be attributed to the high growth projections of BEVs in countries such as China and Japan. For instance, China has an ambitious plan of going all electric by 2025. Hence, this system is expected to experience the highest growth during the forecast period.
Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=184479896
"Asia Pacific is expected to be the largest market for Automotive Battery Thermal Management System"
The Automotive Battery Thermal Management System Market for the Asia Pacific is estimated to be the largest, owing to the presence of key countries such as China, Japan, India, and South Korea, which constitute the highest sales of electric and hybrid vehicles globally. According to MarketsandMarkets analysis, China and Japan constitute 50-55% share of the total electric vehicles sold globally. Hence, the Asia Pacific region is estimated to be the largest market for Automotive Battery Thermal Management System.
The Automotive Battery Thermal Management Systems market is dominated by a few global players. Some of the key manufacturers operating in the market are LG Chem (South Korea), Continental (Germany), Gentherm (US), Valeo (France), Calsonic Kansei (Japan), DANA (US), Hanon Systems (Korea), Samsung SDI (Korea), Mahle (Germany), VOSS Automotive (Germany), and CapTherm Systems (Canada). There are certain key innovators gaining attention in the Automotive Battery Thermal Management System Market including LG Chem (South Korea), Tesla (US), and Robert Bosch (Germany).
Browse Related Reports
Electric Vehicle Market by EV battery Cost, EV Components (Battery, On-Board Charger), Propulsion (BEV, PHEV, HEV, FCEV), Recharging Station (Normal & Super Charging), Govt. Regulation (EV Subsidies, EV Tax Rebates) and Region - Global Forecast to 2021
https://www.marketsandmarkets.com/Market-Reports/ev-component-and-infrastructure-market-209371461.html
Wireless EV Charging Market by Application, Component, Market (Aftermarket/Retrofit and OE Market), Power Supply Range (3-<11 kW, 11-50 kW, and > 50 kW), Charging Type (Stationary and Dynamic), Vehicle Type, and Region - Global Forecast to 2025
https://www.marketsandmarkets.com/Market-Reports/wireless-ev-charging-market-170963517.html
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Blog @ http://mnmblog.org/market-research/automotive-transportation
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
SOURCE MarketsandMarkets