Robert Bosch GmbH (Germany) and Continental (Germany) are the Leading Players in the Automotive Battery Thermal Management System Market
The rising demand for higher fuel efficiency and stringent emission regulations by several governments have fueled the adoption of hybrid and electric vehicle technologies, which, in turn, has triggered the growth of the automotive battery thermal management system market. The automotive battery thermal management system market is projected to grow at a CAGR of 16.05% from 2017 to 2025, to reach USD 4.24 Billion by 2025.
The key players have adopted the strategies of expansion, partnerships, supply contracts, and new product development to gain traction in the automotive battery thermal management system market. For instance, Hanon Systems applied its expertise in thermal and energy management to support vehicle manufacturers supplying hybrid, electric, fuel cell, and autonomous vehicles to the global marketplace. The company offers solutions across the mobility segment. Its E-mobility solution includes heat pump system, electric compressor, battery thermal management, and centrifugal air compressor. These are designed to reduce power consumption for heating battery-powered vehicles significantly.
The automotive battery thermal management system market is dominated by a few global players and comprises several regional players such as LG Chem (South Korea), Continental (Germany), Gentherm (US), Robert Bosch (Germany), Valeo (France), Calsonic Kansei (Japan), DANA (US), Hanon Systems (South Korea), Samsung SDI (Korea), Mahle (Germany), VOSS Automotive (Germany), and CapTherm Systems (Canada).
Robert Bosch GmbH (Germany) is a leading global player in the market. The company is one of the world’s largest suppliers of independent parts to the automotive industry. The company operates in 4 divisions, namely, mobility solutions, industrial technology, consumer goods, and energy and building technology. New product development and expansion are the key strategies followed by the company to gain traction in the market. In September 2015, Bosch acquired Seeo (US) to develop its capabilities in the electronic mobility market.
Another important player in this market is Continental (Germany), which is a leading supplier of automotive chassis and safety systems. The company’s business is mainly divided into automotive and rubber groups. The automotive segment is further divided into three subsegments, namely, chassis & safety, powertrain, and interior division. The rubber segment operates in two business segments, namely, tires and ContiTech. The powertrain division caters to the components of battery thermal management system solutions. The company has adopted the strategies of new product development and expansion to increase its presence in the automotive battery thermal management system market. For instance, in June 2017, Continental introduced its extended range of innovative hose pipe and systems to extend the range and durability of batteries in electric vehicles. The new range of products is 25% lighter than the previous version, and product overpressure resistance has increased by 50%.
Related Reports:
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
Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
SEND ME A FREE SAMPLE
