Global Battery Thermal Management System Market by Type (Liquid Cooling & Heating, and Air Cooling & Heating), Application (Battery Electric Vehicle (BEV) and Plug-In Hybrid Electric Vehicle (PHEV)), and Battery Type (Solid-State Battery and Conventional Battery): Global Market Trends and Opportunities, 2021–2030 offers assembled trends and predictions to clients. The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, current trends of the past and present times, supervisory scenario & technological growth. The report is an intensive investigation portraying the details and the new opportunity appraisal of the market.
Electric vehicle use grows at a breakneck pace. Government incentives and subsidies, increase in awareness of global warming, strict emission norms imposed by governing bodies, international agreements to reduce pollution from the transportation industry, and advancements in electric vehicle capabilities all drive the demand for electric vehicles globally. This, in turn, propels the demand for battery thermal management system. Designing cooling systems, improving design to reduce power consumption, weight, and cost, and evaluating the thermal design of thermal components are all difficulties related with thermal components. Problems encountered in manufacturing thermal components are also linked to the design of optimal flow channels, coolant selection, and model and flow complexity. When developing thermal components, lowering power consumption without compromising system performance and reliability is a key challenge. Component design complexity in battery thermal management systems is a restraining issue for the battery thermal management systems market. Several governments, including China, Germany, UK, India, and France, have stated plans to phase out the usage of gasoline-powered vehicles in the near future, presenting attractive potential for the global automotive battery thermal management system market.
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Market Trends
- In 2019, Robert Bosch GmbH unveiled a new cloud-connected battery management software solution that allows users to remotely monitor and manage the status of electric batteries in electric vehicles. In addition, this assists to extend the battery life by up to 20%.
- In April 2019, Gentherm, a prominent inventor and marketer of novel thermal management technologies, announced the debut of their thermoelectric battery thermal management system, boosting their credibility among global automotive suppliers.
- On 4th May 2018, the Valeo Company developed a sophisticated thermal management solution for batteries for electric vehicles that helps to extend battery life and enhance range by 30%. In addition, the company provides an electric compressor for battery cooling and climate management.
- The thick film electric heaters developed by Dana PTG Oakville Technical Center in ON Canada for thermal modulation of battery systems were supervised and led by Dana PTG Oakville Technical Center. Sol gel thick film heaters were designed and integrated directly onto battery cooling heat exchangers. On 5th June 2019, high-performing and durable battery cooling customer demonstration prototypes with heating capabilities were created in partnership with Datec Coatings Corporation, a manufacturer of composite sol gel thick film heaters based in Ontario. This new solution not only regulates the extra heat generated during battery charging and discharging, but also acts as a heater to boost battery performance in low environments.
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Key players operating in the market:
Robert Bosch GmbH, GENTHERM Incorporated, Valeo, Dana Incorporated, Mahle GmbH, Hanon Systems, Voss Automotive GmbH, 3M, Grayson, Polymer Science, Inc
Key Market Segments
By Type
- Liquid Cooling & Heating
- Air Cooling & Heating
By Application
- Battery Electric Vehicle (BEV)
- Plug-In Hybrid Electric Vehicle (PHEV)
By Battery Type
- Solid- State Battery
- Conventional Battery
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