Automotive Battery Thermal Management System Market Snapshot
“The Automotive Battery Thermal Management System market, valued at 4.60 billion in 2022, is expected to reach 12.69 billion by 2030, with a CAGR of 15.7% from 2023 to 2030.”
The vehicle's battery thermal behavior of the battery is managed with the aid of a thermal management system. Technologies used in vehicle battery thermal management systems include air conditioning, liquid cooling, direct refrigerant cooling, thermal electric cooling, and heating. The charge and discharge capacity of the battery are influenced by the battery temperature, and the discharge rate affects how quickly electric and hybrid vehicles accelerate. Additionally, battery lifespan is also impacted by battery temperature.
Due to its low emissions and high tank-to-wheels efficiency, electric vehicles are becoming more and more popular. The development of electric vehicles is, however, being constrained by a number of considerations, including battery performance, cost, lifetime, and safety. As a result, battery management is essential to getting the best performance out of the battery under diverse operating circumstances.
The system in charge of controlling the heat generated by the electrochemical reactions taking place in cells in an automotive battery thermal management system enables the battery to function effectively and safely.
The temperature in a battery pack is maintained within a predetermined range using the automotive battery thermal management system. A rise in car battery heat management systems for longer ranges is another factor influencing automakers' preference for electric and alternative fuel vehicles.
The solution that assists in controlling the heat produced during the electrochemical activities that take place in the cells of an automotive battery allows the battery to run safely and effectively. To maintain battery temperatures within the proper range and avoid temperature fluctuations inside the battery pack, an electric vehicle needs efficient thermal management systems.
Thus, thermal management systems are essential for controlling the thermal behavior of the battery. The use of electric vehicles is expanding rapidly as a result of their high tank-to-wheels efficiency and lack of emissions. Due to this, having an effective battery management system is essential for working at peak efficiency in a variety of circumstances.
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Market Trends
The automotive thermal management market is expected to grow significantly due to the rise in all-electric or hybrid vehicles, which require a battery thermal management system to ensure maximum charge storage and utilization efficiency.
Mahle is set to unveil its new thermal management solutions for commercial electric vehicles at the IAA Transportation in Hannover, Germany, in September 2022.
Denso Corp. launched a new LD9 electric zero emissions thermal management unit for buses and coaches at Bus & Coach Expo in Sydney, Australia.
Hanon Systems inaugurated a new plant located in Huchai, China, to manufacture heating, ventilation, and air conditioning (HVAC) modules for electrified vehicles.
Growth Drivers
The automotive sector is experiencing a surge in demand for electric vehicles due to stringent emissions laws and the increasing demand for fuel-efficient, high-performance, and low-emission vehicles, driving sales growth.
Government incentives and subsidies for thermal batteries in electric vehicles are being implemented due to increased pollution and resource shortages in the automotive sector, leading to a shift in industry trends from traditional motorized vehicles to electric hybrid vehicles.
Restraints
Thermal batteries are ideal for electric vehicles due to their lower environmental impact and pollution management benefits. However, they have a higher initial cost due to their advanced components, while in electric vehicles, they have lower operating costs compared to traditional battery engine vehicles.
Automotive Battery Thermal Management System Market Segment Analysis
Based on type, vehicle type, technology, propulsion, and region, the global market for Automotive Battery Thermal Management Systems is divided into these categories.
Conventional and Solid are the types of Automotive Battery Thermal Management Systems. By battery type, the conventional market accounted for 100.0% of the automotive battery thermal management system market in 2022, making it the largest segment. In the automotive battery thermal management system market, which is classified by battery type, the conventional market is predicted to grow at the fastest rate in the future.
The vehicle Type segment is broken into two types Commercial Vehicles and Passenger Vehicles. A commercial motor vehicle (CMV) is any vehicle used to transport goods or passengers for the profit of an individual or business. Examples of CMVs include pickup trucks, box trucks, semi-trucks, vans, coaches, buses, taxicabs, trailers, and travel trailers. The commercial Vehicles segment dominates the fastest market as compared to Passenger Vehicles.
On the basis of Technology Automotive Battery Thermal Management System is further divided into Active, Passive, and Hybrid. To keep batteries at a constant temperature, the active battery thermal management system uses forced coolant circulation. Air or liquid can be used as the coolant.
The forced air circulation technology has shown to be a dependable component of the battery thermal management system since it is easy to build and affordable. Due to its ease of use, low cost, and excellent performance, the active battery thermal management system market is anticipated to grow at a high CAGR over the forecast period. Without using battery power, passive thermal management relies on heat transfer through convection, conduction, and radiation. Well-designed batteries use a variety of elements, such as cell selection, to dissipate extra heat into the environment. cell sizing.
The Automotive Battery Thermal Management System market is subdivided into Hybrid Electric Vehicles (HEVs), Plug-in Hybrid Electric vehicles (PHEVs), Fuel Cell Electric vehicles (FCEV), and Battery Electric vehicles (BEVs). Modern hybrid electric vehicles (HEVs) combine an internal combustion engine with one or more electric motors that draw electricity from batteries to operate. In PHEVs, there is an internal combustion engine as well as an electric motor that draws power from batteries.
PHEV battery packs are often larger than those of hybrid electric vehicles. Hydrogen fuels fuel cell electric vehicles (FCEVs). They produce no tailpipe emissions, are more energy-efficient than vehicles with conventional internal combustion engines, and only release warm air and water vapor. The installation of FCEVs and the hydrogen infrastructure needed to fuel them is still in its early phases. Battery Electric Vehicles, often known as BEVs or more commonly referred to as EVs, are entirely electric vehicles without a petrol engine. The battery pack, which is recharged from the grid, provides all of the energy needed to power the vehicle.
Automotive Battery Thermal Management System Market Players
The major players operating in the global automotive battery thermal management system industry include the major market players are LG Chem, Continental, Gentherm, Robert Bosch, Valeo, Calsonic Kansei, Dana, Sumitomo Electric, Hanon System, Samsung SDI, MAHLE, VOSS Automotive, CapTherm Systems, and others
New Developments
13 March 2023: Sumitomo Electric Launched Energy Management Solution (sEMSA™) That Supports Multiple Uses for Grid Storage Batteries.
29 March 2022: Sumitomo Electric Launched the New Z2C, a New Core Alignment Fusion Splicer.
November 2022: Denso Corp. released a new LD9 electric thermal management unit for buses and coaches with zero emissions during the Bus & Coach Expo in Sydney, Australia.
August 2022: BorgWarner Inc. secured two contracts in August 2022, one from a global automaker and the other from a Chinese automaker, to supply its state-of-the-art High-Voltage Coolant Heater (HVCH) technology for their upcoming electric vehicle (EV) models.
Automotive Battery Thermal Management System Market Regional Analysis
Asia Pacific is expected to hold the biggest market share and grow quickly over the course of the projection period. With a share of 39.3% in the global market for automotive battery thermal management systems in 2022, Asia Pacific was the industry's largest region. North America came next, and after that came the other continents. With the growing demand for electric vehicles, the Asia Pacific area would prosper in the aforementioned industry as it is the manufacturing center for the main automaker businesses. To encourage the use of electric vehicles, the governments of nations like China, India, and Japan have offered a variety of subsidies and tax breaks. Also, due to a considerable increase in investment by key players in the region, India is predicted to become a large market for automotive battery thermal management systems in the Asia-Pacific region. So, Asia Pacific dominates the largest market for the Automotive Battery Thermal Management System market.
Segments Covered in the Automotive Battery Thermal Management System Market Report
Automotive Battery Thermal Management System Market by Type
Automotive Battery Thermal Management System Market by Vehicle Type
- Commercial Vehicles
- Passenger Vehicles
Automotive Battery Thermal Management System Market by Technology
Automotive Battery Thermal Management System Market by Propulsion
- Hybrid Electric Vehicles (HEVs)
- Plug-in Hybrid Electric Vehicles (PHEVs)
- Fuel Cell Electric Vehicle (FCEV)
- Battery Electric Vehicles (BEVs)
Frequently Asked Questions
What is the worth of the global automotive battery thermal management system market?
The global Automotive Battery Thermal Management System market, valued at 4.60 billion in 2022, is expected to reach 12.69 billion by 2030, with a CAGR of 15.7% from 2023 to 2030
Which market segments are covered in the report on the automotive battery thermal management system market?
Based on Type, Vehicle Type, Technology, Propulsion, and region the automotive battery thermal management system market reports divisions are broken down.
What is the CAGR of the Automotive Battery Thermal Management System market?
The global automotive battery thermal management system market registered a CAGR of 15.7% from 2023 to 2030. The industry segment was the highest revenue contributor to the market.
Which are the top companies to hold the market share in the automotive battery thermal management system market?
Key players profiled in the report include LG Chem, Continental, Gentherm, Robert Bosch, Valeo, Calsonic Kansei, Dana, Sumitomo Electric, Hanon System, Samsung SDI, MAHLE, VOSS Automotive, CapTherm Systems, and others.
Which is the largest regional market for the automotive battery thermal management system market?
With a share of 39.3% in the global market for automotive battery thermal management systems in 2022, Asia Pacific was the industry's largest region. North America came next, and after that came the other continents. Asia Pacific is expected to hold the biggest market share and grow quickly over the course of the projection period.
1.SUMMARY
1.1. Automotive Battery Thermal Management System Market Overview
1.2. Key Insights
1.3. Report Scope
1.4. Research Methodology
1.5. Frequently Asked Questions
1.6. Chapter Outlines
- DECISION-MAKING SUMMARY
- INTRODUCTION
3.1. Overview of Automotive Battery Thermal Management System
3.2. Key Historical Events
3.3. Structure
3.4. Biochemical Interaction
3.5. Target Indications
3.6. Advantages of Automotive Battery Thermal Management System
3.7 Challenges associated with Automotive Battery Thermal Management System
3.8. Future Perspectives.
- MARKET LANDSCAPE
4.1. Methodology
4.2 Automotive Battery Thermal Management System: Developer Landscape
4.2.1. Analysis by Year of Establishment
4.2.2. Analysis by Company Size
4.2.3. Analysis by Location of Headquarters (Region-wise)
4.2.4. Analysis by Location of Headquarters (Country-wise)
4.2.5. Analysis by Year of Establishment, Company Size and Location of Headquarters (Region-wise)
4.2.6. Most Active Players
- COMPANY
5.1. Company Overview
5.1.2 Management Team
5.1.3. Product Portfolio
5.1.4. Recent Developments and Future Outlook
- PARTNERSHIPS AND COLLABORATIONS
6.1. Partnership Models
6.2. Automotive Battery Thermal Management System: Partnerships and Collaborations
6.2.1. Analysis by Year of Partnership
6.2.2. Analysis by Type of Partnership
6.2.3. Analysis by Year and Type of Partnership
6.2.4. Analysis by Type of Partner
6.2.5. Analysis by Year of Partnership and Type of Partner
6.2.6. Analysis by Type of Partnership and Type of Partner
6.2.7. Analysis by Type of Partner and Parent Company Size
- ACADEMIC GRANTS ANALYSIS
7.1. Methodology and Key Parameters
7.2. Automotive Battery Thermal Management System: Academic Grants Analysis
7.2.1. Analysis by Year of Grant Award
7.2.2. Analysis by Amount Awarded
7.2.3. Analysis by Funding Institute Center
7.2.4. Analysis by Support Period
7.2.5. Analysis by Funding Institute Center and Support Period
7.2.6. Analysis by Type of Grant Application
7.2.7. Analysis by Purpose of Grant
- PUBLICATION ANALYSIS
8.1. Analysis Methodology and Key Parameters
8.2. Automotive Battery Thermal Management System: Publication Analysis
8.2.1. Analysis by Year of Publication
8.2.2. Analysis by Type of Publication
8.2.3. Analysis by Type of Conjugate
8.2.4. Analysis by Target Indication
8.2.5. Analysis by Copyright Holder
8.2.6. Word Cloud: Emerging Focus Area
8.2.7. Most Active Publishers: Analysis by Number of Publications
- SUCCESS PROTOCOL ANALYSIS
9.1. Methodology and Key Parameters
9.2. Key Assumptions and Scoring Criteria
9.3. Success Protocol Analysis
9.4. Assessment of Approved Automotive Battery Thermal Management System
- Appendix 1: Tabulated Data
- Appendix 2: List of Companies
- Smith & Nephew
- Arthrex
- DePuy Synthes
- Stryker
- CONMED
- Zimmer Biomet
- Medtronic
- Karl Storz
- Braun
- Olympus
