Market Overview:
The global passenger vehicle battery thermal management system market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric vehicles and rising concerns about battery safety. The global passenger vehicle battery thermal management system market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into passive and active systems. Passive systems are those that do not require any external power source for their operation, while active systems require an external power source for their operation. Active systems are further sub-segmented into air-cooled and liquid-cooled systems. On the basis of application, the market is segmented into sedans, SUVs, and others (including buses and trucks). The sedans segment accounted for a major share of the global passenger vehicle battery thermal management system market in 2017 owing to its high adoption rate in developed countries such as North America and Europe.
Product Definition:
A passenger vehicle battery thermal management system (PVBTS) is a device or set of devices used to manage the temperature of a passenger vehicle's battery. The purpose of a PVBTS is to keep the battery within its optimal operating temperature range, which helps to maximize its lifespan and performance.
Passive:
Passive thermal management systems are used to control and maintain the temperature of various components in an automobile. They constitute one of the most significant elements in a passenger vehicle’s overall comfort and safety system. The growth factor for passive thermal management systems is directly proportional to that of battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs).
Active:
The global Active and it’s usage in Passenger Vehicle Battery Thermal Management System market size was valued at USD 6.5 billion in 2016. The increasing demand for passenger vehicles on account of the growing population is expected to propel industry growth over the forecast period.
Thermal management systems are used to control and maintain optimum temperature conditions inside a vehicle, which helps optimize battery performance by reducing battery degradation & corrosion, extending cycle life,.
Application Insights:
Passenger car batteries are used in a wide range of applications including, but not limited to, sedans, SUVs and others. The others segment includes commercial vehicles such as trucks and buses. Sedan accounted for the largest market share in 2017 owing to the increasing demand for passenger cars from developed countries such as U.S., Canada and Germany among other European countries.
The growing popularity of electric vehicles is expected to augment the demand for TMS systems over the forecast period particularly in SUV application segment which is projected to grow at a CAGR of XX% from 2018 to 2030 globally due to its high usage rate across various regions worldwide on account of its capability towards better performance while driving through adverse weather conditions such as snow or rain along with improved safety features compared with conventional vehicle tires on roadways.
Regional Analysis:
Asia Pacific dominated the global passenger vehicle battery thermal management system market in 2017. The region is expected to maintain its dominance over the forecast period as well. This can be attributed to increasing sales of electric vehicles in China and India, which are among the largest markets for passenger car batteries globally. In addition, favorable government policies regarding adoption of EVs are also expected to drive demand for thermal management systems across this region over the forecast period.
Europe accounted for a significant share of revenue generated by thermal management system providers across this industry owing to growing demand from key manufacturers such as Volkswagen Group and BMW AG along with other luxury carmakers operating within Europe’s borders. North America is anticipated to witness steady growth due to rising emphasis being laid down by various state governments on reducing carbon footprint associated with transportation activities supported by rising awareness about environment protection coupled with stringent regulations laid down by U.S Environmental Protection Agency (EPA) pertaining phasing out or reduction in gasoline-powered cars driven within U.
Growth Factors:
- Increasing demand for electric vehicles: The global passenger vehicle battery thermal management system market is expected to grow at a CAGR of over 9% during the forecast period. This can be attributed to the increasing demand for electric vehicles, as they are environment-friendly and help reduce greenhouse gas emissions.
- Growing awareness about the benefits of electric vehicles: There is a growing awareness about the benefits of electric vehicles among consumers across the globe, which is fueling the growth of this market.
- Technological advancements in battery thermal management systems: The technological advancements in battery thermal management systems are helping manufacturers offer better products with enhanced features, thus driving market growth.
- Rising investments in research and development activities: Leading players in this market are investing heavily in research and development activities to develop new technologies and products that can cater to the needs of consumers worldwide. This is helping them stay ahead of their competitors and expand their customer base significantly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Passenger Vehicle Battery Thermal Management System Market Research Report
By Type
Passive, Active
By Application
Sedan, SUV, Others
By Companies
Continental, GenTherm, Bosch, Valeo, DANA, Hanon Systems, Mahle, VOSS Automotive (Germany), CapTherm Systems (Canada), Grayson
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
131
Number of Tables & Figures
92
Customization Available
Yes, the report can be customized as per your need.
Global Passenger Vehicle Battery Thermal Management System Market Report Segments:
The global Passenger Vehicle Battery Thermal Management System market is segmented on the basis of:
Types
Passive, Active
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
Sedan, SUV, Others
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
- GenTherm
- Bosch
- Valeo
- DANA
- Hanon Systems
- Mahle
- VOSS Automotive (Germany)
- CapTherm Systems (Canada)
- Grayson
Highlights of The Passenger Vehicle 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:
- Passive
- Active
- By Application:
- Sedan
- SUV
- Others
- 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 Passenger Vehicle 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
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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?
A Passenger Vehicle Battery Thermal Management System (BMS) is a system that monitors and manages the temperature of a battery pack in a passenger vehicle. The BMS can protect the battery from over-heating, which can damage the battery and lead to an electrical fire.
Some of the major players in the passenger vehicle battery thermal management system market are Continental, GenTherm, Bosch, Valeo, DANA, Hanon Systems, Mahle, VOSS Automotive (Germany), CapTherm Systems (Canada), Grayson.
The passenger vehicle battery thermal management system market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Passenger Vehicle 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 Passenger Vehicle Battery Thermal Management System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Passenger Vehicle 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 Passenger Vehicle 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 Passenger Vehicle Battery Thermal Management System Market Size & Forecast, 2018-2028
4.5.1 Passenger Vehicle Battery Thermal Management System Market Size and Y-o-Y Growth
4.5.2 Passenger Vehicle Battery Thermal Management System Market Absolute $ Opportunity
Chapter 5 Global Passenger Vehicle 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 Passenger Vehicle Battery Thermal Management System Market Size Forecast by Type
5.2.1 Passive
5.2.2 Active
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Passenger Vehicle 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 Passenger Vehicle Battery Thermal Management System Market Size Forecast by Applications
6.2.1 Sedan
6.2.2 SUV
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Passenger Vehicle 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 Passenger Vehicle 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 Passenger Vehicle Battery Thermal Management System Analysis and Forecast
9.1 Introduction
9.2 North America Passenger Vehicle 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 Passenger Vehicle Battery Thermal Management System Market Size Forecast by Type
9.6.1 Passive
9.6.2 Active
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 Passenger Vehicle Battery Thermal Management System Market Size Forecast by Applications
9.10.1 Sedan
9.10.2 SUV
9.10.3 Others
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 Passenger Vehicle Battery Thermal Management System Analysis and Forecast
10.1 Introduction
10.2 Europe Passenger Vehicle 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 Passenger Vehicle Battery Thermal Management System Market Size Forecast by Type
10.6.1 Passive
10.6.2 Active
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 Passenger Vehicle Battery Thermal Management System Market Size Forecast by Applications
10.10.1 Sedan
10.10.2 SUV
10.10.3 Others
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 Passenger Vehicle Battery Thermal Management System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Passenger Vehicle 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 Passenger Vehicle Battery Thermal Management System Market Size Forecast by Type
11.6.1 Passive
11.6.2 Active
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 Passenger Vehicle Battery Thermal Management System Market Size Forecast by Applications
11.10.1 Sedan
11.10.2 SUV
11.10.3 Others
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 Passenger Vehicle Battery Thermal Management System Analysis and Forecast
12.1 Introduction
12.2 Latin America Passenger Vehicle 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 Passenger Vehicle Battery Thermal Management System Market Size Forecast by Type
12.6.1 Passive
12.6.2 Active
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 Passenger Vehicle Battery Thermal Management System Market Size Forecast by Applications
12.10.1 Sedan
12.10.2 SUV
12.10.3 Others
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) Passenger Vehicle Battery Thermal Management System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Passenger Vehicle 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) Passenger Vehicle Battery Thermal Management System Market Size Forecast by Type
13.6.1 Passive
13.6.2 Active
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) Passenger Vehicle Battery Thermal Management System Market Size Forecast by Applications
13.10.1 Sedan
13.10.2 SUV
13.10.3 Others
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 Passenger Vehicle Battery Thermal Management System Market: Competitive Dashboard
14.2 Global Passenger Vehicle 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 GenTherm
14.3.3 Bosch
14.3.4 Valeo
14.3.5 DANA
14.3.6 Hanon Systems
14.3.7 Mahle
14.3.8 VOSS Automotive (Germany)
14.3.9 CapTherm Systems (Canada)
14.3.10 Grayson
