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
By: marketsandmarkets.com
Publishing Date: February 2018
Report Code: AT 6030
The automotive battery thermal management system market is valued at USD 1.01 Billion in 2016 and is projected to reach USD 4.24 Billion by 2025, at a CAGR of 16.05% during the forecast period. The base year for the report is 2016 and the forecast period is 2017 to 2025.
Objectives of the Study:
- To define, describe, and project the automotive battery thermal management system market, by battery type (conventional and solid-state) during the forecast period, in terms of value
- To identify and forecast the automotive battery thermal management system market from 2017 to 2025 based on battery capacity (<100 kWh, 100-200 kWh, 200-500 kWh, and >500 kWh), in terms of volume and value at regional level
- To identify and forecast the automotive battery thermal management system market from 2017 to 2025 based on vehicle type (passenger and commercial vehicle), in terms of volume and value at regional level
- To identify and forecast the automotive battery thermal management system market from 2017 to 2025 based on technology (active and passive), in terms of volume and value at regional level
- To analyze and forecast the automotive battery thermal management system market based on propulsion type (BEV, HEV, PHEV, and FCV) from 2017 to 2025, in terms of volume and value at country level
- To identify the market dynamics, including drivers, restraints, opportunities, and challenges and analyze their impact on the automotive battery thermal management system market
- To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product developments, and expansions in the automotive battery thermal management system market
The research methodology uses secondary sources that include associations such as International Organization of Motor Vehicle Manufacturers (OICA), Emission Controls Manufacturers Association (ECMA), European Automobile Manufacturers Association (ACEA), Environmental Protection Agency (EPA), and International Council on Clean Transportation (ICCT) and paid databases and directories such as Factiva and Bloomberg. In the primary research stage, experts from related industries, manufacturers, and suppliers have been interviewed to understand the present situation and future trends in the automotive battery thermal management system market. The automotive battery thermal management system market for OE has been derived from forecasting techniques based on electric & hybrid vehicle sales, hybrid system penetration, and electric vehicle regulations and incentives.
The figure below illustrates the break-up of the profile of industry experts who participated in primary discussions.
To know about the assumptions considered for the study, download the pdf brochure
The ecosystem of the automotive battery thermal management system market consists of battery thermal management system manufacturers such as LG Chem (South Korea), Continental (Germany), GenTherm (US), Robert Bosch (Germany), Valeo (France), Calsonic Kansei (Japan), DANA (US), Hanon Systems (Korea), Samsung SDI (Korea), Mahle (Germany), VOSS Automotive (Germany), CapTherm Systems (Canada), and others.
Target Audience
- Battery thermal management system manufacturers
- Distributors and suppliers of battery thermal management components
- Independent and authorized dealers
- Hybrid system manufacturers
- Electric vehicle manufacturers
- Industry associations and experts
Scope of the Report
- Automotive battery thermal management system market, By region & country
- Asia Pacific
- Europe
- North America
- RoW
- Automotive battery thermal management system market, By propulsion
- BEV
- HEV
- PHEV
- FCV
- Automotive battery thermal management system market, By electric battery capacity
- <100 kWh
- 100-200 kWh
- 200-500 kWh
- >500 kWh
- Automotive battery thermal management system market, By vehicle type
- Passenger vehicles
- Commercial vehicles
- Automotive battery thermal management system market, By battery type
- Conventional
- Solid-State
- Automotive battery thermal management system market, By technology
- Active
- Passive
Available Customizations
With the given market data, MarketsandMarkets offers customizations in accordance with the companys specific needs.
- Automotive battery thermal management system market, By Vehicle Type & Country, 2016-2025
- Passenger vehicles
- Commercial vehicles
(The countries to be studied are China, Japan, India, South Korea, Germany, France, Italy, The Netherlands, Norway, UK, US, Canada, Mexico, Brazil, Russia, and South Africa)
- Automotive battery thermal management system market, By Technology & Country, 2016-2025
- Active
- Passive
(The countries to be studied are China, Japan, India, South Korea, Germany, France, Italy, The Netherlands, Norway, UK, US, Canada, Mexico, Brazil, Russia, and South Africa)
- Automotive battery thermal management system market, By battery type (Volume) & Region, 2016-2025
- Conventional
- Solid-State
(The countries to be studied are China, Japan, India, South Korea, Germany, France, Italy, The Netherlands, Norway, UK, US, Canada, Mexico, Brazil, Russia, and South Africa)
Table of Contents
1 Introduction (Page No. - 16)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Stakeholders
2 Research Methodology (Page No. - 20)
2.1 Research Data
2.2 Secondary Data
2.3 Primary Data
2.3.1 Sampling Techniques & Data Collection Methods
2.3.2 Primary Participants
2.4 Data Triangulation
2.5 Factor Analysis
2.5.1 Introduction
2.5.2 Demand-Side Analysis
2.5.2.1 Increase in Demand for Bevs & Phevs
2.5.2.2 Stringent Emission Norms
2.5.2.3 Government Policies and Subsidies Favoring Electric Vehicle Infrastructure
2.5.3 Supply-Side Analysis
2.5.3.1 Increase in Oems Focus on Electric Vehicles
2.5.3.2 Oems Focus on Safety, Convenience, and Comfort Systems in Vehicles
2.6 Market Size Estimation
2.7 Assumptions
3 Executive Summary (Page No. - 31)
4 Premium Insights (Page No. - 37)
4.1 Attractive Opportunities in the Automotive Battery Thermal Management System Market
4.2 Automotive Battery Thermal Management System Market, By Region
4.3 Automotive Battery Thermal Management System Market, By Country
4.4 Automotive Battery Thermal Management System Market, By Vehicle Type
4.5 Automotive Battery Thermal Management System Market, By Technology
4.6 Automotive Battery Thermal Management System Market, By Battery Capacity
4.7 Automotive Battery Thermal Management System Market, By Propulsion
5 Market Overview (Page No. - 41)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Automotive Battery Thermal Management System Plays A Crucial Role in Improving Battery Performance and Efficiency
5.2.1.2 Integration of Automotive Battery Thermal Management System With Other Electric Thermal Management Systems
5.2.1.3 Increase in Demand for Electric Vehicles
5.2.1.4 Increase in Miles Driven By Electric Vehicles
5.2.2 Restraints
5.2.2.1 Design Complexities in Components Used for Battery Thermal Management System
5.2.2.2 Electric Vehicles Yet to Become the Mainstream
5.2.3 Opportunities
5.2.3.1 Increasing Adoption of New Technologies in Lithium-Ion Batteries
5.2.3.2 Growing Trend of Battery-Driven Public Transport
5.2.4 Challenges
5.2.4.1 Continues Change in Technology
5.2.4.2 Huge Capital and R&D Cost
5.2.4.3 Fast Charging Technology and Reducing Battery Size Resulted in High Heat Generation
6 Technological Overview (Page No. - 48)
6.1 Introduction
6.2 Architecture
6.2.1 Active System
6.2.2 Passive System
6.2.2.1 Phase Change Material (PCM)
7 Automotive Battery Thermal Management System Market, By Technology (Page No. - 52)
7.1 Introduction
7.2 Active
7.3 Passive
8 Automotive Battery Thermal Management System Market, By Battery Capacity (Page No. - 58)
8.1 Introduction
8.1.1 <100 kWh
8.1.2 100200 kWh
8.1.3 200500 kWh
8.1.4 >500 kWh
9 Automotive Battery Thermal Management System Market, By Battery Type (Page No. - 65)
9.1 Introduction
9.2 Conventional Batteries
9.3 Solid-State Batteries
10 Automotive Battery Thermal Management System Market, By Vehicle Type (Page No. - 69)
10.1 Introduction
10.2 Commercial Vehicle
10.3 Passenger Vehicle
11 Automotive Battery Thermal Management System Market, By Region and Propulsion (Page No. - 74)
11.1 Introduction
11.2 Asia Pacific
11.2.1 China
11.2.2 India
11.2.3 Japan: Automotive Battery Thermal Management System Market for Automotive
11.2.4 South Korea: Automotive Battery Thermal Management System Market for Automotive
11.2.5 Rest of Asia Pacific
11.3 Europe
11.3.1 France
11.3.2 Germany
11.3.3 Italy
11.3.4 Netherlands
11.3.5 Norway
11.3.6 UK
11.3.7 Rest of Europe
11.4 North America
11.4.1 Canada
11.4.2 Mexico
11.4.3 US
11.5 Rest of the World (RoW)
11.5.1 Brazil
11.5.2 Russia
11.5.3 South Africa
12 Competitive Landscape (Page No. - 110)
12.1 Overview
12.2 Market Ranking Analysis
12.3 Competitive Situation & Trends
12.3.1 Expansion
12.3.2 Partnerships/Supply Contracts/Collaborations/Joint Ventures/Agreements
12.3.3 Mergers & Acquisitions
12.3.4 New Product Developments
13 Company Profiles (Page No. - 116)
(Introduction, Products & Services, Strategy, & Analyst Insights, Developments, MnM View)*
13.1 Continental
13.2 LG Chem, Ltd.
13.3 Gentherm
13.4 Robert Bosch
13.5 Valeo
13.6 Calsonic Kansei
13.7 Dana
13.8 Hanon Systems
13.9 Mahle GmbH
13.10 Samsung SDI Company Limited
13.11 Voss Automotive GmbH
13.12 Captherm Systems, Inc.
*Details on Marketsandmarkets View, Introduction, Product & Services, Strategy, & Analyst Insights, New Developments Might Not Be Captured in Case of Unlisted Companies.
14 Appendix (Page No. - 143)
14.1 Key Insights By Industry Experts
14.2 Discussion Guide
14.3 Knowledge Store: Marketsandmarkets Subscription Portal
14.4 Introducing RT: Real Time Market Intelligence
14.5 Available Customizations
14.5.1 Automotive Battery Thermal Management System Market, By Vehicle Type & Country, 2016-2025
14.5.1.1 Passenger Vehicles
14.5.1.2 Commercial Vehicles
14.5.2 Automotive Battery Thermal Management System Market, By Technology & Country, 2016-2025
14.5.2.1 Active
14.5.2.2 Passive
14.5.3 Automotive Battery Thermal Management System Market, By Battery Type (Volume) & Region, 2016-2025
14.5.3.1 Conventional
14.5.3.2 Solid-State
14.6 Related Reports
14.7 Author Details
List of Tables (90 Tables)
Table 1 Currency Exchange Rates (Per 1 USD)
Table 2 Government Incentives for Electric Vehicles
Table 3 Government Subsidies & Incentives for Electric Vehicle Charging Stations (EVCS)
Table 4 Miles Driven By Electric Vehicles, 2016 vs 2017
Table 5 Automotive Battery Thermal Management System Market for Automotive, By Vehicle Type, 20162025 (000 Units)
Table 6 Automotive Battery Thermal Management System Market for Automotive, By Vehicle Type, 20162025 (USD Million)
Table 7 Automotive Battery Thermal Management System Market for Active Technology, By Region, 20162025 (000 Units)
Table 8 Automotive Battery Thermal Management System Market for Active Technology, By Region, 20162025 (USD Million)
Table 9 Automotive Battery Thermal Management System Market for Passive Technology, By Region, 20162025 (000 Units)
Table 10 Automotive Battery Thermal Management System Market for Passive Technology, By Region, 20162025 (USD Million)
Table 11 Batteries Used in Bev, Hev, & Phev
Table 12 Automotive Battery Thermal Management System Market, By Battery Capacity, 20162025 (000 Units)
Table 13 Automotive Battery Thermal Management System Market, By Battery Capacity, 20162025 (USD Million)
Table 14 <100 kWh: Automotive Battery Thermal Management System Market, By Region, 20162025 (000 Units)
Table 15 <100 kWh: Automotive Battery Thermal Management System Market, By Region, 20162025 (USD Million)
Table 16 100200 kWh: Automotive Battery Thermal Management System Market, By Region, 20162025 (000 Units)
Table 17 100200 kWh: Automotive Battery Thermal Management System Market, By Region, 20162025 (USD Million)
Table 18 200500 kWh: Automotive Battery Thermal Management System Market, By Region, 20162025 (000 Units)
Table 19 200500 kWh: Automotive Battery Thermal Management System Market, By Region, 20162025 (USD Million)
Table 20 >500 kWh: Automotive Battery Thermal Management System Market, By Region, 20162025 (000 Units)
Table 21 >500 kWh: Automotive Battery Thermal Management System Market, By Region, 20162025 (USD Million)
Table 22 Automotive Battery Thermal Management System Market, By Battery Type, 20162025 (USD Million)
Table 23 Automotive Battery Thermal Management System Market for Conventional Batteries, By Region, 20162025 (USD Million)
Table 24 Automotive Battery Thermal Management System Market for Solid-State Batteries, By Region, 20162025 (USD Million)
Table 25 Automotive Battery Thermal Management System Market for Automotive, By Vehicle Type, 20162025 (000 Units)
Table 26 Automotive Battery Thermal Management System Market for Automotive, By Vehicle Type, 20162025 (USD Million)
Table 27 Automotive Battery Thermal Management System Market for Commercial Vehicles, By Region, 20162025 (000 Units)
Table 28 Automotive Battery Thermal Management System Market for Commercial Vehicles, By Region, 20162025 (USD Million)
Table 29 Automotive Battery Thermal Management System Market for Passenger Vehicles, By Region, 20162025 (000 Units)
Table 30 Automotive Battery Thermal Management System Market for Passenger Vehicles, By Region, 20162025 (USD Million)
Table 31 Automotive Battery Thermal Management System Market, By Region, 20162025 (000 Units)
Table 32 Automotive Battery Thermal Management System Market, By Region, 20162025 (USD Million)
Table 33 Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (000 Units)
Table 34 Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (USD Million)
Table 35 Asia Pacific: Automotive Battery Thermal Management System Market, By Country, 20162025 (000 Units)
Table 36 Asia Pacific: Automotive Battery Thermal Management System Market, By Country, 20162025 (USD Million)
Table 37 Asia Pacific: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (000 Units)
Table 38 Asia Pacific: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (USD Million)
Table 39 China: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (000 Units)
Table 40 China: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (USD Million)
Table 41 India: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (000 Units)
Table 42 India: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (USD Million)
Table 43 Japan: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (000 Units)
Table 44 Japan: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (USD Million)
Table 45 South Korea: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (000 Units)
Table 46 South Korea: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (USD Million)
Table 47 Rest of Asia Pacific: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (000 Units)
Table 48 Rest of Asia Pacific: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (USD Million)
Table 49 Europe: Automotive Battery Thermal Management System Market, By Country, 20162025 (000 Units)
Table 50 Europe: Automotive Battery Thermal Management System Market, By Country, 20162025 (USD Million)
Table 51 Europe: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (000 Units)
Table 52 Europe: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (USD Million)
Table 53 France: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (000 Units)
Table 54 France: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (USD Million)
Table 55 Germany: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (000 Units)
Table 56 Germany: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (USD Million)
Table 57 Italy: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (000 Units)
Table 58 Italy: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (USD Million)
Table 59 Netherlands: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (000 Units)
Table 60 Netherlands: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (USD Million)
Table 61 Norway: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (000 Units)
Table 62 Norway: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (USD Million)
Table 63 UK: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (000 Units)
Table 64 UK: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (USD Million)
Table 65 Rest of Europe: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (000 Units)
Table 66 Rest of Europe: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (USD Million)
Table 67 North America: Automotive Battery Thermal Management System Market, By Country, 20162025 (000 Units)
Table 68 North America: Automotive Battery Thermal Management System Market, By Country, 20162025 (USD Million)
Table 69 North America: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (000 Units)
Table 70 North America: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (USD Million)
Table 71 Canada: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (000 Units)
Table 72 Canada: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (USD Million)
Table 73 Mexico: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (000 Units)
Table 74 Mexico: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (USD Million)
Table 75 US: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (000 Units)
Table 76 US: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (USD Million)
Table 77 Rest of the World (RoW): Automotive Battery Thermal Management System Market, By Country, 20162025 (000 Units)
Table 78 Rest of the World (RoW): Automotive Battery Thermal Management System Market, By Country, 20162025 (USD Million)
Table 79 Rest of the World (RoW): Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (000 Units)
Table 80 Rest of the World (RoW): Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (USD Million)
Table 81 Brazil: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (000 Units)
Table 82 Brazil: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (USD Million)
Table 83 Russia: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (000 Units)
Table 84 Russia: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (USD Million)
Table 85 South Africa: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (000 Units)
Table 86 South Africa: Automotive Battery Thermal Management System Market, By Propulsion, 20162025 (USD Million)
Table 87 Expansion, 20162017
Table 88 Partnerships/Supply Contracts/Collaborations/Joint Ventures/Agreements, 20162017
Table 89 Mergers & Acquisitions, 20152017
Table 90 New Product Development, 20152017
List of Figures (53 Figures)
Figure 1 Automotive Battery Thermal Management System Market: Segmentations Covered
Figure 2 Research Design
Figure 3 Research Methodology Model
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 5 Bev, & PHEV Sales Data (2017 vs 2022)
Figure 6 Automotive Battery Thermal Management System Market: Bottom-Up Approach
Figure 7 Automotive Battery Thermal Management System Market: Top-Down Approach
Figure 8 Automotive Battery Thermal Management System Market, By Region, 2017 vs 2025 (Value)
Figure 9 Automotive Battery Thermal Management System Market, By Technology, 2017 vs 2025
Figure 10 Automotive Battery Thermal Management System Market, By Battery Capacity, 2017 vs 2022 vs 2025 (Value)
Figure 11 Automotive Battery Thermal Management System Market, By Vehicle Type, 2017 vs 2025 (Value)
Figure 12 Automotive Battery Thermal Management System Market, By Propulsion, 2017 vs 2025 (Value)
Figure 13 Automotive Battery Thermal Management System Market, By Battery Type, 2022 vs 2025 (Value)
Figure 14 Rising Demand for Electric Vehicles to Drive the Automotive Battery Thermal Management System Market
Figure 15 Asia Pacific Was Expected to Hold the Largest Share in the Automotive Battery Thermal Management System Market in 2017 (By Value)
Figure 16 The Automotive Battery Thermal Management System Market in India is Expected to Grow at the Highest CAGR During the Forecast Period (By Value)
Figure 17 Passenger Vehicle Segment is Expected to Hold the Largest Market Share During the Forecast Period (By Value)
Figure 18 Passive Technology is Expected to Have the Largest Market Size, 2017 vs 2025 (Value)
Figure 19 Below 100 kWh Battery Capacity Segment is Expected to Lead the Automotive Battery Thermal Management System Market During the Forecast Period, 2017 vs 2025 (Volume)
Figure 20 BEV Segment is Expected to Hold the Largest Market Size, 2017 vs 2025 (Value)
Figure 21 Automotive Battery Thermal Management System: Market Dynamics
Figure 22 HEV & PHEV Sales, 2016 vs 2021
Figure 23 Active Air System
Figure 24 Active Air System With Heat Recovery System
Figure 25 Conductive Active Liquid System
Figure 26 Phase Change Material (PCM) System With Active Thermal Management System
Figure 27 Automotive Battery Thermal Management System Market, By Technology, 2017 vs 2022 vs 2025
Figure 28 The Automotive Battery Thermal Management System Market for the Below 100 kWh Battery Capacity Segment is Expected to Account for the Largest Market Share, 2017 vs 2022 vs 2025 (USD Million)
Figure 29 Automotive Battery Thermal Management System Market, By Battery Type, 2017 vs 2025
Figure 30 Automotive Battery Thermal Management System Market, By Vehicle Type, 2017 vs 2025
Figure 31 Automotive Battery Thermal Management System Market, By Region, 2017 vs 2025 (USD Million)
Figure 32 Automotive Battery Thermal Management System Market for Automotive, By Propulsion, 2017 vs 2025 (USD Million)
Figure 33 Asia Pacific: Automotive Battery Thermal Management System Market for Automotive Snapshot
Figure 34 Europe: Automotive Battery Thermal Management System Market, By Country, 2017 vs 2025 (000 Units)
Figure 35 North America: Automotive Battery Thermal Management System Market for Automotive Snapshot
Figure 36 Rest of the World (RoW): Automotive Battery Thermal Management System Market Snapshot
Figure 37 Key Development By Leading Players in the Automotive Battery Thermal Management System Market for 20122017
Figure 38 Automotive Battery Thermal Management System Market Ranking: 2017
Figure 39 Continental: Company Snapshot
Figure 40 Continental: SWOT Analysis
Figure 41 LG Chem, Ltd.: Company Snapshot
Figure 42 LG Chem, Ltd.: SWOT Analysis
Figure 43 Gentherm: Company Snapshot
Figure 44 Gentherm: SWOT Analysis
Figure 45 Robert Bosch: Company Snapshot
Figure 46 Robert Bosch: SWOT Analysis
Figure 47 Valeo: Company Snapshot
Figure 48 Valeo: SWOT Analysis
Figure 49 Calsonic Kansei: Company Snapshot
Figure 50 Dana: Company Snapshot
Figure 51 Hanon Systems: Company Snapshot
Figure 52 Mahle GmbH: Company Snapshot
Figure 53 Samsung SDI Company Limited: Company Snapshot
The automotive battery thermal management system market is projected to grow at a CAGR of 16.05% during the forecast period, from USD 1.29 Billion in 2017 to a projected market size of USD 4.24 Billion by 2025. The key growth drivers are the increasing demand for electric vehicles and the integration of automotive battery thermal management system with other electric thermal management systems. Also, secondary factors such as government subsidies for BEVs and investments in charging infrastructure will fuel the demand for automotive battery thermal management system in the coming years.
The active technology of automotive battery thermal management system market is expected to have a higher adoption rate in the near future. Factors such as the increased efficiency, improved battery performance, and long lifespan are expected to drive the demand for active technology in the battery thermal management system market. Active technology, which uses air or liquid for heating or cooling the battery cells, has enabled the developers and manufacturers to get maximum efficiency and performance with extended battery life.
Asia Pacific is estimated to be the largest market for automotive battery thermal management system owing to the increasing sales of electric vehicles in countries such as China and Japan. The electric vehicle sales in China and Japan are expected to increase from 0.49 million units and 1.09 million units in 2016 to 2.17 million units and 2.1 million units in 2022, respectively. The Chinese governments move of working on a timetable to end the production and sales of gasoline as well as diesel cars is expected to increase the market of electric vehicles in the region. Likewise, the Japanese governments Next-Generation Vehicle Strategy 2010 aims at increasing the market share of electric vehicles to 50% of the total vehicle sales by the end of 2020. Thus, the market for automotive battery thermal management system market is also slated to increase with the increasing sales of electric vehicles in the region.
The passenger vehicles segment is projected to hold the largest market share during the forecast period. The growth of this segment can be attributed to the various initiatives by government bodies to improve EV adoption rate across the world. The growth can also be attributed to the high growth projections of BEVs and PHEVs in several countries. China, for example, has an ambitious plan of going all electric by 2025. Both these vehicle types have a major market share in the passenger vehicle segment. Hence, this segment is expected to experience the highest growth during the forecast period.
The <100 kWh battery segment is estimated to hold the largest share of automotive battery thermal management system market during the forecast period. The <100 kWh battery segment holds the largest market share due to the growth of plug-in hybrid, hybrid vehicle, and fully electric vehicle. The manufacturers are trying to make a low-cost battery thermal management system that can help to reduce the overall price of the electric vehicle and make it available in the mass market. The market for <100 kWh battery is projected to remain the largest in the automotive battery thermal management system market.
The key factor that restrains the growth of the market is the design complexities in components used for battery thermal management system. There are no specific industry standards or specifications architecture available. The components and architecture can be standardized to decrease the R&D cost of developing the automotive battery thermal management systems. However, standardizing the system components is difficult for the manufacturers, which thus restrains the growth of the market. The automotive battery thermal management system market is dominated by a few global players and comprises several regional players. Some of the key manufacturers operating in the market are LG Chem (South Korea), Continental (Germany), GenTherm (US), Robert Bosch (Germany), Valeo (France), Calsonic Kansei (Japan), DANA (US), Hanon Systems (Korea), Samsung SDI (Korea), Mahle (Germany), VOSS Automotive (Germany), and CapTherm Systems (Canada).
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