Automotive Battery Thermal Management System Market

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 
sales@marketsandmarkets.com

Report Code
AT 6030
RI Published ON
2/26/2018
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Automotive Battery Thermal Management System Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved