Market Overview:
The global EV battery thermal management system market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles and rising concerns about the safety of batteries. The global EV battery thermal management system market is segmented on the basis of type, application, and region. On the basis of type, it is divided into active management system and passive management system. Active management systems are more expensive but provide better performance as they actively cool or heat up batteries as required. Passive systems are less expensive but cannot regulate temperature as effectively as active systems. On the basis of application, it is classified into passenger vehicles and commercial vehicles. Passenger vehicles held a larger share of the market in 2017 owing to their high adoption rate across all regions globally.
Product Definition:
EV Battery Thermal Management System is a system that helps to control the temperature of an electric vehicle battery. The system is important because it helps to keep the battery from overheating, which can damage the battery and decrease its life span.
Active Management System:
Active Management System (AMS) is a computer software system designed to assist the user by providing real-time data and analytical tools for efficient monitoring of battery performance. AMS helps in optimizing battery life, identifying problems & defects, and provides solutions for maintenance activities. The growth factor in EV Battery Thermal Management System market is high demand from end-user segment such as automotive manufacturers, OEMs (Original Equipment Manufacturers), EPC players (engineering service providers), etc.
Passive Management System:
Passive Management System (PMS) is a thermal control system used to maintain the temperature of electric vehicle battery. It helps in preventing overcharging, undercharging and overheating of the battery. PMS monitors various parameters such as coolant temperature, battery temperature and voltage among others that indirectly affect the health of batteries.
Application Insights:
Passenger vehicles accounted for a major market share of over 60% in 2017 owing to the growing demand for passenger EVs, such as HEVs, HEVs and PHEVs. The increasing number of manufacturers in the EV ecosystem is expected to increase product penetration. Furthermore, technological advancements and new design trends are anticipated to further boost industry growth during the forecast period.
Commercial vehicles are projected to witness significant growth over the forecast period owing to rising demand from construction companies for heavy-duty electric equipment such as electric excavators and material handling systems. Increasing government funding towards research & development on advanced batteries is also likely to propel thermal management system (TMS) sales in commercial vehicle applications during future years.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The region accounted for a share of more than 30% in 2017 owing to increasing demand from key application sectors, such as passenger cars and commercial vehicles. China led the Asia Pacific regional market in terms of revenue with a share of more than 45% in 2017 owing to large-scale investments made by governments across various countries, including China and India.
Europe was estimated at USD X million in 2017 and is anticipated to witness significant growth over the forecast period on account rising adoption from key industry verticals, such as energy storage systems and renewable energy generation sources. North America EV battery thermal management system market also held a considerable share due to growing emphasis on improving fuel economy along with stringent CAFE regulations implemented by U.S., which mandates enhanced aerodynamic efficiency for new model year vehicles introduced after 2016 model year (2 years before 2018).
Growth Factors:
- Increasing demand for electric vehicles
- Government initiatives and subsidies for electric vehicles
- Rising prices of conventional fuels
- Stringent emission norms by regulatory authorities
- Technological advancements in battery thermal management systems
Scope Of The Report
Report Attributes
Report Details
Report Title
EV Battery Thermal Management System Market Research Report
By Type
Active Management System, Passive Management System
By Application
Passenger Vehicles, Commercial Vehicles
By Companies
Continental, LG Chem, Ltd., Gentherm, Robert Bosch, Valeo, Calsonic Kansei, Dana, Hanon Systems, Mahle GmbH, Samsung SDI Company Limited, Continental, Captherm Systems, Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global EV Battery Thermal Management System Market Report Segments:
The global EV Battery Thermal Management System market is segmented on the basis of:
Types
Active Management System, Passive Management System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicles, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Continental
- LG Chem, Ltd.
- Gentherm
- Robert Bosch
- Valeo
- Calsonic Kansei
- Dana
- Hanon Systems
- Mahle GmbH
- Samsung SDI Company Limited
- Continental
- Captherm Systems, Inc.
Highlights of The EV Battery Thermal Management System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Active Management System
- Passive Management System
- By Application:
- Passenger Vehicles
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the EV Battery Thermal Management System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An EV Battery Thermal Management System (BMS) is a system that monitors and manages the temperature of an electric vehicle battery pack.
Some of the key players operating in the ev battery thermal management system market are Continental, LG Chem, Ltd., Gentherm, Robert Bosch, Valeo, Calsonic Kansei, Dana, Hanon Systems, Mahle GmbH, Samsung SDI Company Limited, Continental, Captherm Systems, Inc..
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 EV Battery Thermal Management System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 EV Battery Thermal Management System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 EV Battery Thermal Management System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the EV Battery Thermal Management System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global EV Battery Thermal Management System Market Size & Forecast, 2018-2028
4.5.1 EV Battery Thermal Management System Market Size and Y-o-Y Growth
4.5.2 EV Battery Thermal Management System Market Absolute $ Opportunity
Chapter 5 Global EV Battery Thermal Management System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 EV Battery Thermal Management System Market Size Forecast by Type
5.2.1 Active Management System
5.2.2 Passive Management System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global EV Battery Thermal Management System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 EV Battery Thermal Management System Market Size Forecast by Applications
6.2.1 Passenger Vehicles
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global EV Battery Thermal Management System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 EV Battery Thermal Management System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America EV Battery Thermal Management System Analysis and Forecast
9.1 Introduction
9.2 North America EV Battery Thermal Management System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America EV Battery Thermal Management System Market Size Forecast by Type
9.6.1 Active Management System
9.6.2 Passive Management System
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America EV Battery Thermal Management System Market Size Forecast by Applications
9.10.1 Passenger Vehicles
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe EV Battery Thermal Management System Analysis and Forecast
10.1 Introduction
10.2 Europe EV Battery Thermal Management System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe EV Battery Thermal Management System Market Size Forecast by Type
10.6.1 Active Management System
10.6.2 Passive Management System
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe EV Battery Thermal Management System Market Size Forecast by Applications
10.10.1 Passenger Vehicles
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific EV Battery Thermal Management System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific EV Battery Thermal Management System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific EV Battery Thermal Management System Market Size Forecast by Type
11.6.1 Active Management System
11.6.2 Passive Management System
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific EV Battery Thermal Management System Market Size Forecast by Applications
11.10.1 Passenger Vehicles
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America EV Battery Thermal Management System Analysis and Forecast
12.1 Introduction
12.2 Latin America EV Battery Thermal Management System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America EV Battery Thermal Management System Market Size Forecast by Type
12.6.1 Active Management System
12.6.2 Passive Management System
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America EV Battery Thermal Management System Market Size Forecast by Applications
12.10.1 Passenger Vehicles
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) EV Battery Thermal Management System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) EV Battery Thermal Management System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) EV Battery Thermal Management System Market Size Forecast by Type
13.6.1 Active Management System
13.6.2 Passive Management System
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) EV Battery Thermal Management System Market Size Forecast by Applications
13.10.1 Passenger Vehicles
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 EV Battery Thermal Management System Market: Competitive Dashboard
14.2 Global EV Battery Thermal Management System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Continental
14.3.2 LG Chem, Ltd.
14.3.3 Gentherm
14.3.4 Robert Bosch
14.3.5 Valeo
14.3.6 Calsonic Kansei
14.3.7 Dana
14.3.8 Hanon Systems
14.3.9 Mahle GmbH
14.3.10 Samsung SDI Company Limited
14.3.11 Continental
14.3.12 Captherm Systems, Inc.
