Automotive Battery Thermal Management System Industry Research Report 2019

Posted by Abhijeet Bendre on January 21st, 2019

Automotive Battery Thermal Management System Market Research Report – Global Forecast to 2023. Market research future published research report on global Automotive Battery Thermal Management Systems market. Global Automotive Battery Thermal Management System Market Information by Technology (Air, Liquid, Phase Change Material, Thermo electrics), Propulsion (BEV, HEV, PHEV & FCV), Battery Capacity, Vehicle Type (Passenger & Commercial) and Region – Forecast to 2023.

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The increasing inclination for electric driven vehicles is expected to open up new avenues for growth in the automotive battery thermal management system market. Strict emission norms imposed by global government and regulatory authorities in terms of carbon emissions is expected to broaden the scope of development of the market in the upcoming years. The market is anticipated to gain due to the prevalence of energy efficient technology that lessens heat dissipation through an electric control unit, electric inverter, and water pump in order to recover the complete dynamics of battery thermal management system. 

The automotive battery thermal management system market is segmented into regions such as Europe, the Americas, Asia Pacific, and Rest of the World. The Asia Pacific region is anticipated to control the market in future because of government drive plan for electric vehicles. It has been noticed that Chinese companies are investing huge amount of money on electric vehicles. The Americas market is second to the Asia Pacific market in battery thermal management system. Therefore, the automotive battery thermal management system market is projected to grow at around 16% CAGR during the forecast period.

The market is segmented based on America, Asia Pacific, Europe, and Rest of the World. Asia Pacific region is expected to dominate the market in future because of government ambition plan for electric vehicles. For instance, Chinese companies, such as BYD Co. and BAIC Motor Corp., and Japanese companies, such as Nissan and Mitsubishi, are investing huge amount money on electric vehicles. America market is second to the Asia Pacific market in battery thermal management system. Thus, the automotive battery thermal management system market is estimated to grow at approximately 16% CAGR during the period 2017-2023.

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