出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2024年5月
Battery Thermal Management System Market – Global Forecast to 2030
バッテリー熱管理システム（BTMS）市場 : 推進力（BEV、PHEV、FCEV）、提供内容（バッテリー付きBTMS、バッテリーなしのBTMS）、テクノロジー（アクティブ、パッシブ、ハイブリッド）、バッテリータイプ、バッテリー容量、車両タイプおよび地域別 – 2030年までの予測
Battery Thermal Management System Market by Propulsion (BEV, PHEV, FCEV), Offering (BTMS With Battery, BTMS Without Battery), Technology (Active, Passive, Hybrid), Battery Type, Battery Capacity, Vehicle Type and Region – Forecast to 2030
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| 図表数 | 396 |
| 価格 | |
| シングルユーザライセンス | USD 4,950 |
| マルチユーザライセンス（5名） | USD 6,650 |
| コーポレートライセンス | USD 8,150 |
| エンタープライズサイトライセンス | USD 10,000 |
| 種別 | 英文調査報告書 |
Report Overview
The global BTMS market size is projected to grow from USD 3.7 billion in 2024 to USD 8.5 billion by 2030, at a CAGR of 14.7%.
世界の バッテリー熱管理システム（BTMS）市場規模は、2024 年の 37 億米ドルから 2030 年までに 85 億米ドルに、CAGR 14.7% で成長すると予測されています。
The BTMS market is witnessing robust growth driven by increasing demand for electric vehicles and issues related to battery safety may drive the market for BTMS systems. Electric vehicles require advanced sensors and cooling systems in harmony to ensure safe and efficient operation, which is expected to increase the demand for BTMS systems in these vehicles. Growing innovation related to BTMS components like thermal sensors, battery packs, cooling, and other are also expected to drive the BTMS market.
The Lithium ion battery segment is expected to see notable growth opportunities during the forecast period
Lithium-ion batteries employed in EVs exhibit optimal performance within a narrow temperature threshold. Hence, the regulation of this battery pack’s temperature emerges as a critical factor for ensuring prolonged battery and cell lifespan. BTMS assumes responsibility for proficient temperature regulation with sensors. With their prices reducing, the demand for these batteries is estimated to rise, which will directly impact the BTMS market and surge further over the forecast period. CATL (China), a major battery manufacturer, has planned to expand its production capacity outside China. It has planned a manufacturing site at Erfurt in Germany that will have a capacity of 14 GWh in 2022 and 60 GWh by 2026. Also, in January 2024, XING Mobility (China) introduced immersion cooling technology for electric vehicle batteries. All these factors are expected to drive the demand for lithium-ion batteries.
Passenger vehicles segment to show the biggest growth in the BTMS market during the forecast period
The passenger vehicles segment, encompassing a diverse range of vehicles from sedans to SUVs, holds immense potential for the adoption of EVs. As the largest segment in the automotive industry, it serves as a pivotal arena for technological advancements like solid-state batteries and BTMS. Particularly in emerging economies across the Asia Pacific region, where market growth is buoyed by factors such as rising GDP, population, lifestyle improvements, and infrastructure development, the integration of advanced battery technologies becomes crucial. OEMs such as Audi employ a coolant volume of 5.8 gallons, circulated through a 40-meter tube, in conjunction with a standard heat pump in its fully electric model, the e-tron. This system comprises four circuits designed to cool the electric motors, encompassing their rotors, the power electronics, and the charger. Furthermore, the system guarantees that the battery remains within its optimal efficiency range of 25°C to 35°C across diverse scenarios, spanning from cold starts in winter conditions to rapid highway driving during hot summer periods.
China is expected to show substantial growth in the Asia Pacific region for BTMS market
China stands at the forefront of the global EV revolution, boasting the largest market for new energy vehicles (NEVs) in the Asia Pacific region and beyond. As the world’s largest automotive market, China’s policies and initiatives significantly shape the trajectory of the EV sector, including advancements in battery technology and thermal management systems. The increasing demand for EVs in China has amplified the importance of effective BTMS. As EV adoption accelerates, there is a growing emphasis on developing advanced thermal management solutions that can meet the evolving market needs. Chinese companies, in collaboration with domestic and international partners, are at the forefront of developing innovative BTMS. Advanced cooling and heating technologies, coupled with intelligent thermal management algorithms, are being deployed to enhance the efficiency and reliability of EV batteries in diverse operating conditions. For instance, in June 2023, CATL started the production of Qilin battery packs, which are integrated with advanced BTMS technology.
In-depth interviews were conducted with CXOs, marketing directors, other innovation and technology managers, and executives from various key organizations operating in the BTMS market. The break-up of the primaries is as follows:
• By Company Type: OEMs – 24%, Tier 1 –67% and Tier 2 & 3 – 9%,
• By Designation: CXO – 33%, Managers – 52%, and Executives – 15%
• By Region: North America – 26%, Europe – 30%, Asia Pacific – 35%, and ROW¬¬-9%
The BTMS market comprises major manufacturers such as Robert Bosch (Germany), Gentherm (US), Continental AG (Germany), Denso (Japan), BorgWarner Inc. (US), Webasto Group (Germany).
Research Coverage:
The study covers the BTMS market across various segments. It aims at estimating the market size and future growth potential of this market across different segments such as Battery type, Battery capacity, Vehilcle type, Propulsion Type, Technology type, By offering and Region. The study also includes an in-depth competitive analysis of key market players, their company profiles, key observations related to product and business offerings, recent developments, and acquisitions.
This research report categorizes BTMS market by Battery Type (Lithium -ion and Solid State batteries), Vehicle Type (Passenger Vehicles and Commercial vehicle), By Technology (Active technology, Passive technology, and Hybrid Technology), Propulsion type (Battery electric vehicles, Fuel cell electric vehicles, and Plug-in hybrid electric vehicles), By Offering (BTMS with Battery and BTMS without Battery), ByBattery Capacity (<100 KWH, 100-200 KWH, 200-500 KWH, and >500 KWH) and Region (Asia Pacific, Europe, and North America and rest of the world).
The report’s scope covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the BTMS market. A detailed analysis of the key industry players provides insights into their business overview, solutions, and services; key strategies; contracts, partnerships, agreements, new product & service launches, mergers and acquisitions, and recent developments associated with the BTMS market. Competitive analysis of SMEs/startups in the BTMS market ecosystem is covered in this report.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall BTMS market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (Rising adoption of Electric Vehicles, Innovation in EV battery system, and Stringent regulatory and safety standards), restraints (Complexities associated design components and Inadequate infrastructure for EV charging in emerging market), opportunities (Growing potential of modular design, Increasing R&D investment for advance battery thermal solution, implementation of BTMS for optimal battery performance, and innovation within e-compressor by key OEMS), and challenges (Safety concerns associated with battery reliability and irregular operation of BTMS in extreme conditions) influencing the growth of the BTMS market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the BTMS market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the BTMS market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the BTMS market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Robert Bosch (Germany), Gentherm (US), Continental AG (Germany), Denso (Japan), BorgWarner Inc. (US), Webasto Group (Germany) among others in the BTMS market.
• Strategies: The report also helps stakeholders understand the pulse of the BTMS market and provides them information on key market drivers, restraints, challenges, and opportunities
Table of Contents
1 INTRODUCTION 30
1.1 STUDY OBJECTIVES 30
1.2 MARKET DEFINITION 31
TABLE 1 BATTERY THERMAL MANAGEMENT SYSTEM MARKET DEFINITION, BY TECHNOLOGY 31
TABLE 2 BATTERY THERMAL MANAGEMENT SYSTEM MARKET DEFINITION, BY BATTERY TYPE 32
TABLE 3 BATTERY THERMAL MANAGEMENT SYSTEM MARKET DEFINITION, BY PROPULSION TYPE 32
TABLE 4 BATTERY THERMAL MANAGEMENT SYSTEM MARKET DEFINITION, BY VEHICLE TYPE 33
1.2.1 INCLUSIONS AND EXCLUSIONS 33
TABLE 5 BATTERY THERMAL MANAGEMENT SYSTEM MARKET: INCLUSIONS AND EXCLUSIONS 33
1.3 STUDY SCOPE 34
1.3.1 SEGMENTS COVERED 34
FIGURE 1 BATTERY THERMAL MANAGEMENT SYSTEM MARKET: SEGMENTS COVERED 34
1.3.2 REGIONS COVERED 35
FIGURE 2 BATTERY THERMAL MANAGEMENT SYSTEM MARKET: REGIONS COVERED 35
1.3.3 YEARS CONSIDERED 35
1.3.4 CURRENCY CONSIDERED 36
TABLE 6 USD EXCHANGE RATES, 2018–2022 36
1.3.5 UNITS CONSIDERED 36
1.4 STAKEHOLDERS 36
1.5 SUMMARY OF CHANGES 37
1.5.1 RECESSION IMPACT 37
2 RESEARCH METHODOLOGY 38
2.1 RESEARCH DATA 38
FIGURE 3 RESEARCH DESIGN 38
FIGURE 4 RESEARCH DESIGN MODEL 39
2.1.1 SECONDARY DATA 39
2.1.1.1 List of key secondary sources 40
2.1.1.2 Key data from secondary sources 41
2.1.2 PRIMARY DATA 41
2.1.2.1 Objectives of primary research 42
2.1.2.2 Primary interviews: demand and supply sides 42
FIGURE 5 BREAKDOWN OF PRIMARIES 42
2.1.2.3 List of primary participants 43
2.2 MARKET SIZE ESTIMATION 43
FIGURE 6 RESEARCH ESTIMATION METHODOLOGY 44
2.2.1 BOTTOM-UP APPROACH 45
FIGURE 7 BATTERY THERMAL MANAGEMENT SYSTEM MARKET: BOTTOM-UP APPROACH 45
2.2.2 TOP-DOWN APPROACH 45
FIGURE 8 BATTERY THERMAL MANAGEMENT SYSTEM MARKET: TOP-DOWN APPROACH 46
2.2.3 RECESSION IMPACT ANALYSIS 46
2.3 DATA TRIANGULATION 47
FIGURE 9 DATA TRIANGULATION METHODOLOGY 47
FIGURE 10 MARKET GROWTH PROJECTIONS FROM DEMAND-SIDE DRIVERS AND OPPORTUNITIES 48
2.4 FACTOR ANALYSIS 49
2.4.1 DEMAND- AND SUPPLY-SIDE FACTOR ANALYSIS 49
2.4.2 REGIONAL ECONOMY IMPACT ANALYSIS 49
2.5 STUDY ASSUMPTIONS 50
2.6 RESEARCH LIMITATIONS 51
3 EXECUTIVE SUMMARY 52
FIGURE 11 BATTERY THERMAL MANAGEMENT SYSTEM MARKET: MARKET OVERVIEW 53
FIGURE 12 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2024 VS. 2030 (USD MILLION) 54
FIGURE 13 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY VEHICLE TYPE, 2024 VS. 2030 (USD MILLION) 54
FIGURE 14 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024 VS. 2030 (USD MILLION) 55
4 PREMIUM INSIGHTS 56
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BATTERY THERMAL MANAGEMENT SYSTEM MARKET 56
FIGURE 15 INNOVATION IN BATTERY TECHNOLOGIES AND HIGH DEMAND FOR ELECTRIC VEHICLES TO DRIVE MARKET 56
4.2 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE 56
FIGURE 16 BATTERY ELECTRIC VEHICLES TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 56
4.3 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY VEHICLE TYPE 57
FIGURE 17 PASSENGER VEHICLES TO DOMINATE MARKET DURING STUDY PERIOD 57
4.4 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE 57
FIGURE 18 LITHIUM-ION BATTERIES TO GROW AT HIGHER CAGR DURING STUDY PERIOD 57
4.5 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY TECHNOLOGY 58
FIGURE 19 HYBRID SYSTEMS TO COMMAND LARGEST MARKET SHARE DURING FORECAST PERIOD 58
4.6 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY BATTERY CAPACITY 58
FIGURE 20 <100 KWH SEGMENT TO DOMINATE MARKET FROM 2024 TO 2030 58
4.7 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY OFFERING 59
FIGURE 21 BTMS WITHOUT BATTERY SEGMENT TO COMMAND LARGER MARKET SHARE DURING STUDY PERIOD 59
4.8 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION 59
FIGURE 22 ASIA PACIFIC TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024 59
5 MARKET OVERVIEW 60
5.1 INTRODUCTION 60
FIGURE 23 OVERVIEW OF WORKING METHOD FOR BATTERY THERMAL MANAGEMENT SYSTEMS 60
5.2 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 61
FIGURE 24 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 61
5.3 MARKET DYNAMICS 62
FIGURE 25 BATTERY THERMAL MANAGEMENT SYSTEM: MARKET DYNAMICS 62
5.3.1 DRIVERS 62
5.3.1.1 Rising adoption of electric vehicles 62
FIGURE 26 ELECTRIC PASSENGER CAR SALES DATA FOR KEY COUNTRIES, 2019–2023 (THOUSAND UNITS) 63
5.3.1.2 Innovation in EV battery systems 63
TABLE 7 ADVANCEMENTS/INNOVATIONS IN BATTERY TECHNOLOGY 64
5.3.1.3 Stringent regulatory and safety standards 64
TABLE 8 GOVERNMENT REGULATIONS AND SAFETY STANDARDS, 2020–2023 65
5.3.2 RESTRAINTS 65
5.3.2.1 Complexities associated with design components 65
5.3.2.2 Low adoption rate of electric vehicles in emerging markets 65
5.3.3 OPPORTUNITIES 66
5.3.3.1 Growing potential of modular design 66
5.3.3.2 Increasing R&D investments for advanced battery thermal solutions 66
5.3.3.3 Innovation in e-compressors by major OEMs 66
FIGURE 27 E-COMPRESSOR COMPONENTS 67
TABLE 9 E-COMPRESSOR ADVANCEMENTS/INNOVATIONS 67
5.3.4 CHALLENGES 68
5.3.4.1 Safety concerns associated with battery reliability 68
5.3.4.2 Irregular operation of battery thermal management solutions in extreme temperatures 68
FIGURE 28 EFFECT OF TEMPERATURE ON BATTERY PERFORMANCE 68
TABLE 10 IMPACT ANALYSIS OF MARKET DYNAMICS 69
5.4 ECOSYSTEM ANALYSIS 70
FIGURE 29 BATTERY THERMAL MANAGEMENT SYSTEM MARKET: ECOSYSTEM MAP 70
TABLE 11 BATTERY THERMAL MANAGEMENT SYSTEM MARKET: ROLE IN ECOSYSTEM 71
5.5 PRICING ANALYSIS 72
5.5.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY PROPULSION TYPE, 2023 72
TABLE 12 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY PROPULSION TYPE, 2023 72
5.5.2 AVERAGE SELLING PRICE OF BATTERY THERMAL MANAGEMENT SYSTEMS, BY PROPULSION TYPE, 2021–2023 72
TABLE 13 AVERAGE SELLING PRICE OF BATTERY THERMAL MANAGEMENT SYSTEMS, BY PROPULSION TYPE, 2021–2023 (USD) 72
FIGURE 30 AVERAGE SELLING PRICE OF BATTERY THERMAL MANAGEMENT SYSTEMS, BY PROPULSION TYPE, 2021–2023 (USD) 73
5.5.3 AVERAGE SELLING PRICE OF BATTERY THERMAL MANAGEMENT SYSTEMS, BY REGION, 2023 73
TABLE 14 AVERAGE SELLING PRICE OF BATTERY THERMAL MANAGEMENT SYSTEMS, BY REGION, 2023 (USD) 73
FIGURE 31 AVERAGE SELLING PRICE OF BATTERY THERMAL MANAGEMENT SYSTEMS, BY REGION, 2023 (USD) 74
5.6 INSIGHTS ON BATTERY THERMAL MANAGEMENT SYSTEM COMPONENTS 74
5.6.1 THERMAL SENSORS 74
FIGURE 32 PRESENCE OF THERMAL SENSORS IN VEHICLES 75
5.6.1.1 Recent developments/Deals 75
TABLE 15 THERMAL SENSORS: RECENT DEVELOPMENTS/DEALS 75
5.6.2 COOLING PLATES 76
5.6.2.1 Recent developments/Deals 77
TABLE 16 COOLING PLATES: RECENT DEVELOPMENTS/DEALS 77
5.6.3 BATTERY PACKS 78
FIGURE 33 BATTERY PACK DESIGN 78
5.6.3.1 Recent developments/Deals 79
TABLE 17 BATTERY PACKS: DEVELOPMENTS/DEALS 79
5.6.4 PUMPS AND FANS 79
FIGURE 34 FUNCTION OF WATER/GLYCOL ELECTRIC PUMPS 80
FIGURE 35 THERMAL MANAGEMENT WITH PUMPS 80
5.6.4.1 Recent developments/Deals 81
TABLE 18 PUMPS AND FANS: RECENT DEVELOPMENTS/DEALS 81
5.6.5 COOLANTS 81
FIGURE 36 GENERAL SCHEMATIC OF BATTERY PACK COOLING 82
5.6.5.1 Recent developments/Deals 82
TABLE 19 COOLANTS: RECENT DEVELOPMENTS/DEALS 82
5.7 OEM REQUIREMENTS FOR BATTERY THERMAL MANAGEMENT SYSTEMS 83
5.7.1 VOLKSWAGEN 83
FIGURE 37 ADVANTAGES MEB PLATFORM 84
5.7.1.1 Key analysis 84
5.7.2 AUDI 85
FIGURE 38 MEB VS. PPE BATTERY SYSTEM 86
FIGURE 39 THERMAL MANAGEMENT OF AUDI Q6 E-TRON QUATTRO 86
5.7.2.1 Key analysis 87
5.7.3 TESLA 87
5.7.3.1 Key analysis 88
FIGURE 40 TESLA MODEL 3 BATTERY MODULE 88
FIGURE 41 TESLA BATTERY COOLING SYSTEM 89
5.7.4 BYD 89
5.7.4.1 Key analysis 90
FIGURE 42 SCHEMATIC OF BYD BLADE BATTERY 90
5.7.5 BMW 91
5.7.5.1 Key analysis 91
TABLE 20 BATTERY THERMAL MANAGEMENT REQUIREMENTS, BY OEM 91
5.8 VALUE CHAIN ANALYSIS 92
FIGURE 43 BATTERY THERMAL MANAGEMENT SYSTEM MARKET: VALUE CHAIN ANALYSIS 92
5.9 CASE STUDY ANALYSIS 93
5.9.1 BATTERY THERMAL MANAGEMENT CHALLENGES FOR TESLA 93
5.9.2 ADVANCED THERMAL CELL BARRIER FOR EV BATTERY PACKS 94
5.9.3 ENHANCEMENT OF EV PERFORMANCE WITH IMMERSION COOLING BATTERY TECHNOLOGY 94
5.9.4 BMW I3 BATTERY THERMAL MANAGEMENT FOR URBAN EFFICIENCY 95
5.10 INVESTMENT AND FUNDING SCENARIO 95
FIGURE 44 INVESTMENTS AND FUNDING IN BATTERY THERMAL MANAGEMENT SYSTEM MARKET, 2022–2024 95
TABLE 21 LIST OF FUNDING ACTIVITIES BY KEY PLAYERS, 2022–2024 96
5.11 PATENT ANALYSIS 97
FIGURE 45 NUMBER OF PUBLISHED PATENTS, 2014–2023 97
5.11.1 TOP PATENT APPLICANTS 97
FIGURE 46 TOP PATENT APPLICATIONS, 2014–2023 97
TABLE 22 BATTERY THERMAL MANAGEMENT SYSTEM MARKET: PATENT REGISTRATIONS, 2022–2024 98
5.12 TECHNOLOGY ANALYSIS 103
5.12.1 KEY TECHNOLOGIES 103
5.12.1.1 Thermoelectric cooling 103
FIGURE 47 THERMOELECTRIC COOLING 103
5.12.1.2 Graphene-based thermal interface material 104
5.12.2 ADJACENT TECHNOLOGIES 104
5.12.2.1 Liquid cooling systems 104
FIGURE 48 LIQUID COOLING SYSTEMS 104
5.12.2.2 Refrigerant-based cooling systems 105
FIGURE 49 REFRIGERANT-BASED COOLING SYSTEMS 105
5.12.3 COMPLEMENTARY TECHNOLOGIES 106
5.12.3.1 Advancements in thermal cooling plates 106
FIGURE 50 BATTERY COOLING PLATES 106
5.12.3.2 Advancements in thermal sensors 107
FIGURE 51 THERMAL SENSORS DETECTING FAULTY BATTERY 107
5.12.3.3 Phase change material 107
FIGURE 52 PHASE CHANGE MATERIALS IN BATTERY THERMAL MANAGEMENT 108
5.13 REGULATORY ANALYSIS 108
TABLE 23 REGULATIONS AND INITIATIVES IN BATTERY THERMAL MANAGEMENT SYSTEMS 108
5.13.1 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 110
TABLE 24 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 110
TABLE 25 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 111
TABLE 26 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 112
5.14 KEY CONFERENCES AND EVENTS, 2024–2025 112
TABLE 27 BATTERY THERMAL MANAGEMENT SYSTEM MARKET: LIST OF KEY CONFERENCES AND EVENTS 112
5.15 HS CODE 113
TABLE 28 IMPORT DATA FOR HS CODE 903289, BY COUNTRY, 2021–2023 (USD MILLION) 113
TABLE 29 EXPORT DATA FOR HS CODE 903289, BY COUNTRY, 2021–2023 (USD MILLION) 114
5.16 KEY STAKEHOLDERS AND BUYING CRITERIA 115
5.16.1 KEY STAKEHOLDERS IN BUYING PROCESS 115
FIGURE 53 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF BATTERY THERMAL MANAGEMENT SYSTEMS, BY VEHICLE TYPE 115
TABLE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF BATTERY THERMAL MANAGEMENT SYSTEMS, BY VEHICLE TYPE (%) 115
5.16.2 KEY BUYING CRITERIA 116
FIGURE 54 KEY BUYING CRITERIA FOR BATTERY THERMAL MANAGEMENT SYSTEMS, BY VEHICLE TYPE 116
TABLE 31 KEY BUYING CRITERIA FOR BATTERY THERMAL MANAGEMENT SYSTEMS, BY VEHICLE TYPE 116
6 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY TECHNOLOGY 117
6.1 INTRODUCTION 118
FIGURE 55 TYPES OF BATTERY THERMAL MANAGEMENT SYSTEMS, BY TECHNOLOGY 119
FIGURE 56 ACTIVE AND PASSIVE BATTERY THERMAL MANAGEMENT TECHNOLOGIES 119
TABLE 32 ELECTRIC VEHICLE MODELS, BY TECHNOLOGY 120
FIGURE 57 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY TECHNOLOGY, 2024 VS. 2030 (USD MILLION) 121
TABLE 33 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY TECHNOLOGY, 2019–2023 (THOUSAND UNITS) 121
TABLE 34 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY TECHNOLOGY, 2024–2030 (THOUSAND UNITS) 121
TABLE 35 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY TECHNOLOGY, 2019–2023 (USD MILLION) 122
TABLE 36 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY TECHNOLOGY, 2024–2030 (USD MILLION) 122
6.2 ACTIVE SYSTEMS 122
6.2.1 RISING NEED FOR PERFORMANCE OPTIMIZATION AND IMPROVED LONGEVITY TO DRIVE MARKET 122
FIGURE 58 ACTIVE LIQUID COOLING SYSTEM 123
TABLE 37 ACTIVE SYSTEMS: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2023 (THOUSAND UNITS) 123
TABLE 38 ACTIVE SYSTEMS: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2030 (THOUSAND UNITS) 124
TABLE 39 ACTIVE SYSTEMS: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2023 (USD MILLION) 124
TABLE 40 ACTIVE SYSTEMS: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2030 (USD MILLION) 124
6.3 HYBRID SYSTEMS 125
6.3.1 COST-EFFECTIVENESS AND IMPROVED BATTERY RELIABILITY TO FUEL MARKET GROWTH 125
FIGURE 59 HYBRID COOLING SYSTEM 125
TABLE 41 HYBRID SYSTEMS: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2023 (THOUSAND UNITS) 125
TABLE 42 HYBRID SYSTEMS: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2030 (THOUSAND UNITS) 126
TABLE 43 HYBRID SYSTEMS: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2023 (USD MILLION) 126
TABLE 44 HYBRID SYSTEMS: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2030 (USD MILLION) 126
6.4 PASSIVE SYSTEMS 127
6.4.1 BETTER BATTERY PERFORMANCE TO BOOST MARKET GROWTH 127
FIGURE 60 PASSIVE LIQUID COOLING SYSTEM 127
6.5 KEY PRIMARY INSIGHTS 127
7 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE 128
7.1 INTRODUCTION 129
FIGURE 61 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2024 VS. 2030 (USD MILLION) 130
TABLE 45 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2019–2023 (THOUSAND UNITS) 130
TABLE 46 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2024–2030 (THOUSAND UNITS) 130
TABLE 47 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2019–2023 (USD MILLION) 131
TABLE 48 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY BATTERY TYPE, 2024–2030 (USD MILLION) 131
7.2 LITHIUM-ION BATTERIES 131
7.2.1 COMPACT SIZE, HIGH ENERGY DENSITY, AND LONG LIFESPAN TO AUGMENT MARKET GROWTH 131
TABLE 49 LITHIUM-ION BATTERIES: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2023 (THOUSAND UNITS) 132
TABLE 50 LITHIUM-ION BATTERIES: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2030 (THOUSAND UNITS) 132
TABLE 51 LITHIUM-ION BATTERIES: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2023 (USD MILLION) 132
TABLE 52 LITHIUM-ION BATTERIES: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2030 (USD MILLION) 133
7.3 SOLID-STATE BATTERIES 133
7.3.1 INCREASED SAFETY AND FASTER CHARGING SPEED TO DRIVE MARKET 133
TABLE 53 SOLID-STATE BATTERIES: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2030 (THOUSAND UNITS) 134
TABLE 54 SOLID-STATE BATTERIES: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2030 (USD MILLION) 134
7.4 KEY PRIMARY INSIGHTS 134
8 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY VEHICLE TYPE 135
8.1 INTRODUCTION 136
FIGURE 62 ELECTRIC VEHICLE BATTERY THERMAL MANAGEMENT 136
FIGURE 63 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY VEHICLE TYPE, 2024 VS. 2030 (USD MILLION) 137
TABLE 55 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY VEHICLE TYPE, 2019–2023 (THOUSAND UNITS) 137
TABLE 56 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY VEHICLE TYPE, 2024–2030 (THOUSAND UNITS) 137
TABLE 57 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY VEHICLE TYPE, 2019–2023 (USD MILLION) 138
TABLE 58 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY VEHICLE TYPE, 2024–2030 (USD MILLION) 138
8.2 PASSENGER VEHICLES 138
8.2.1 INCREASING PREFERENCE FOR SUSTAINABILITY AND ENERGY EFFICIENCY TO DRIVE MARKET 138
TABLE 59 PASSENGER VEHICLES: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2023 (THOUSAND UNITS) 139
TABLE 60 PASSENGER VEHICLES: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2030 (THOUSAND UNITS) 139
TABLE 61 PASSENGER VEHICLES: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2023 (USD MILLION) 139
TABLE 62 PASSENGER VEHICLES: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2030 (USD MILLION) 140
8.3 COMMERCIAL VEHICLES 140
8.3.1 GROWING ADOPTION OF ELECTRIC COMMERCIAL VEHICLES TO BOOST MARKET GROWTH 140
TABLE 63 COMMERCIAL VEHICLES: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2023 (THOUSAND UNITS) 141
TABLE 64 COMMERCIAL VEHICLES: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2030 (THOUSAND UNITS) 141
TABLE 65 COMMERCIAL VEHICLES: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2023 (USD MILLION) 141
TABLE 66 COMMERCIAL VEHICLES: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2030 (USD MILLION) 142
8.4 KEY PRIMARY INSIGHTS 142
9 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY BATTERY CAPACITY 143
9.1 INTRODUCTION 144
FIGURE 64 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY BATTERY CAPACITY, 2024–2030 (USD MILLION) 144
TABLE 67 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY BATTERY CAPACITY, 2019–2023 (THOUSAND UNITS) 145
TABLE 68 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY BATTERY CAPACITY, 2024–2030 (THOUSAND UNITS) 145
TABLE 69 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY BATTERY CAPACITY, 2019–2023 (USD MILLION) 145
TABLE 70 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY BATTERY CAPACITY, 2024–2030 (USD MILLION) 146
TABLE 71 ELECTRIC VEHICLE MODELS, BY VEHICLE CAPACITY 146
9.2 <100 KWH 147
9.2.1 RISING DEMAND FOR PASSENGER VEHICLES AND ELECTRIC PICKUP TRUCKS TO DRIVE MARKET 147
FIGURE 65 AUDI RS E-TRON GT PROTOTYPE 147
TABLE 72 <100 KWH: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2023 (THOUSAND UNITS) 148
TABLE 73 <100 KWH: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2030 (THOUSAND UNITS) 148
TABLE 74 <100 KWH: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2023 (USD MILLION) 148
TABLE 75 <100 KWH: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2030 (USD MILLION) 149
9.3 100–200 KWH 149
9.3.1 INCREASING NEED FOR ZERO-EMISSION VEHICLES IN LOGISTICS SECTOR TO PROPEL MARKET GROWTH 149
TABLE 76 100–200 KWH: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2023 (THOUSAND UNITS) 150
TABLE 77 100–200 KWH: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2030 (THOUSAND UNITS) 150
TABLE 78 100–200 KWH: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2023 (USD MILLION) 150
TABLE 79 100–200 KWH: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2030 (USD MILLION) 151
9.4 200–500 KWH 151
9.4.1 HIGH DEMAND FOR FASTER ACCELERATION AND GREATER POWER OUTPUT TO AID MARKET GROWTH 151
TABLE 80 200–500 KWH: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2023 (THOUSAND UNITS) 152
TABLE 81 200–500 KWH: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2030 (THOUSAND UNITS) 152
TABLE 82 200–500 KWH: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2023 (USD MILLION) 152
TABLE 83 200–500 KWH: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2030 (USD MILLION) 153
9.5 >500 KWH 153
9.5.1 GROWING ADOPTION OF HIGH-CAPACITY BATTERY PACKS IN ELECTRIFIED FLEET VEHICLES TO DRIVE MARKET 153
TABLE 84 >500 KWH: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2023 (THOUSAND UNITS) 153
TABLE 85 >500 KWH: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2030 (THOUSAND UNITS) 154
TABLE 86 >500 KWH: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2023 (USD MILLION) 154
TABLE 87 >500 KWH: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2030 (USD MILLION) 154
9.6 KEY PRIMARY INSIGHTS 155
10 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY OFFERING 156
10.1 INTRODUCTION 157
FIGURE 66 BATTERY THERMAL MANAGEMENT MARKET, BY OFFERING, 2024 VS. 2030 (USD MILLION) 157
TABLE 88 BATTERY THERMAL MANAGEMENT MARKET, BY OFFERING, 2019–2023 (THOUSAND UNITS) 158
TABLE 89 BATTERY THERMAL MANAGEMENT MARKET, BY OFFERING, 2024–2030 (THOUSAND UNITS) 158
TABLE 90 BATTERY THERMAL MANAGEMENT MARKET, BY OFFERING, 2019–2023 (USD MILLION) 158
TABLE 91 BATTERY THERMAL MANAGEMENT MARKET, BY OFFERING, 2024–2030 (USD MILLION) 158
10.2 BTMS WITH BATTERY 159
10.2.1 HIGH BATTERY PERFORMANCE AND IMPROVED DURABILITY TO DRIVE MARKET 159
TABLE 92 BTMS WITH BATTERY: BATTERY THERMAL MANAGEMENT MARKET, BY REGION, 2019–2023 (THOUSAND UNITS) 159
TABLE 93 BTMS WITH BATTERY: BATTERY THERMAL MANAGEMENT MARKET, BY REGION, 2024–2030 (THOUSAND UNITS) 159
TABLE 94 BTMS WITH BATTERY: BATTERY THERMAL MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION) 160
TABLE 95 BTMS WITH BATTERY: BATTERY THERMAL MANAGEMENT MARKET, BY REGION, 2024–2030 (USD MILLION) 160
10.3 BTMS WITHOUT BATTERY 160
10.3.1 INCREASING CONTROL OF ORIGINAL EQUIPMENT MANUFACTURERS ON BATTERY MANUFACTURING TO PROPEL MARKET GROWTH 160
TABLE 96 BTMS WITHOUT BATTERY: BATTERY THERMAL MANAGEMENT MARKET, BY REGION, 2019–2023 (THOUSAND UNITS) 161
TABLE 97 BTMS WITHOUT BATTERY: BATTERY THERMAL MANAGEMENT MARKET, BY REGION, 2024–2030 (THOUSAND UNITS) 161
TABLE 98 BTMS WITHOUT BATTERY: BATTERY THERMAL MANAGEMENT MARKET, BY REGION, 2019–2023 (USD MILLION) 161
TABLE 99 BTMS WITHOUT BATTERY: BATTERY THERMAL MANAGEMENT MARKET, BY REGION, 2024–2030 (USD MILLION) 162
10.4 KEY PRIMARY INSIGHTS 162
11 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE 163
11.1 INTRODUCTION 164
FIGURE 67 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024 VS. 2030 (USD MILLION) 164
TABLE 100 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (THOUSAND UNITS) 165
TABLE 101 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (THOUSAND UNITS) 165
TABLE 102 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (USD MILLION) 165
TABLE 103 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (USD MILLION) 165
11.2 BATTERY ELECTRIC VEHICLES 166
11.2.1 GROWING ENVIRONMENTAL AWARENESS AMONG CONSUMERS TO DRIVE MARKET 166
TABLE 104 BATTERY ELECTRIC VEHICLES: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2023 (THOUSAND UNITS) 166
TABLE 105 BATTERY ELECTRIC VEHICLES: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2030 (THOUSAND UNITS) 167
TABLE 106 BATTERY ELECTRIC VEHICLES: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2023 (USD MILLION) 167
TABLE 107 BATTERY ELECTRIC VEHICLES: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2030 (USD MILLION) 167
11.3 PLUG-IN HYBRID ELECTRIC VEHICLES 168
11.3.1 IMPROVED INFRASTRUCTURE AND INCREASED GOVERNMENT INCENTIVES TO AID MARKET GROWTH 168
FIGURE 68 BATTERY THERMAL MANAGEMENT SYSTEM IN PLUG-IN HYBRID ELECTRIC VEHICLES 168
TABLE 108 PLUG-IN HYBRID ELECTRIC VEHICLES: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2023 (THOUSAND UNITS) 169
TABLE 109 PLUG-IN HYBRID ELECTRIC VEHICLES: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2030 (THOUSAND UNITS) 169
TABLE 110 PLUG-IN HYBRID ELECTRIC VEHICLES: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2023 (USD MILLION) 169
TABLE 111 PLUG-IN HYBRID ELECTRIC VEHICLES: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2030 (USD MILLION) 170
11.4 FUEL CELL ELECTRIC VEHICLES 170
11.4.1 TECHNOLOGICAL ADVANCEMENTS IN HYDROGEN PROPULSION TO AUGMENT MARKET GROWTH 170
FIGURE 69 KEY COMPONENTS OF HYDROGEN FUEL CELL ELECTRIC VEHICLES 171
TABLE 112 FUEL CELL ELECTRIC VEHICLES: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2023 (THOUSAND UNITS) 171
TABLE 113 FUEL CELL ELECTRIC VEHICLES: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2030 (THOUSAND UNITS) 171
TABLE 114 FUEL CELL ELECTRIC VEHICLES: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2023 (USD MILLION) 172
TABLE 115 FUEL CELL ELECTRIC VEHICLES: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2030 (USD MILLION) 172
11.5 KEY PRIMARY INSIGHTS 172
12 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION 173
12.1 INTRODUCTION 174
FIGURE 70 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2024 VS. 2030 (USD MILLION) 175
TABLE 116 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2023 (THOUSAND UNITS) 175
TABLE 117 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2030 (THOUSAND UNITS) 175
TABLE 118 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2019–2023 (USD MILLION) 176
TABLE 119 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY REGION, 2024–2030 (USD MILLION) 176
12.2 ASIA PACIFIC 177
12.2.1 ASIA PACIFIC: RECESSION IMPACT 177
FIGURE 71 ASIA PACIFIC: BATTERY THERMAL MANAGEMENT SYSTEM MARKET SNAPSHOT 178
TABLE 120 ASIA PACIFIC: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2019–2023 (THOUSAND UNITS) 178
TABLE 121 ASIA PACIFIC: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2024–2030 (THOUSAND UNITS) 179
TABLE 122 ASIA PACIFIC: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 179
TABLE 123 ASIA PACIFIC: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2024–2030 (USD MILLION) 179
12.2.2 CHINA 180
12.2.2.1 China to command largest market share during study period 180
TABLE 124 CHINA: LIST OF OEM MODELS WITH BATTERY THERMAL MANAGEMENT SYSTEMS, 2023–2024 180
TABLE 125 CHINA: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (THOUSAND UNITS) 181
TABLE 126 CHINA: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (THOUSAND UNITS) 181
TABLE 127 CHINA: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (USD MILLION) 181
TABLE 128 CHINA: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (USD MILLION) 182
12.2.3 INDIA 182
12.2.3.1 Favorable government policies and initiatives to boost market growth 182
TABLE 129 INDIA: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (THOUSAND UNITS) 182
TABLE 130 INDIA: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (THOUSAND UNITS) 183
TABLE 131 INDIA: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (USD MILLION) 183
TABLE 132 INDIA: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (USD MILLION) 183
12.2.4 JAPAN 184
12.2.4.1 Increasing focus on manufacturing EV batteries to augment market growth 184
TABLE 133 JAPAN: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (THOUSAND UNITS) 184
TABLE 134 JAPAN: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (THOUSAND UNITS) 184
TABLE 135 JAPAN: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (USD MILLION) 185
TABLE 136 JAPAN: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (USD MILLION) 185
12.2.5 SOUTH KOREA 185
12.2.5.1 Increased adoption of electric vehicles to support market growth 185
TABLE 137 SOUTH KOREA: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (THOUSAND UNITS) 186
TABLE 138 SOUTH KOREA: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (THOUSAND UNITS) 186
TABLE 139 SOUTH KOREA: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (USD MILLION) 186
TABLE 140 SOUTH KOREA: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (USD MILLION) 186
12.2.6 REST OF ASIA PACIFIC 187
TABLE 141 REST OF ASIA PACIFIC: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (THOUSAND UNITS) 187
TABLE 142 REST OF ASIA PACIFIC: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (THOUSAND UNITS) 188
TABLE 143 REST OF ASIA PACIFIC: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (USD MILLION) 188
TABLE 144 REST OF ASIA PACIFIC: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (USD MILLION) 188
12.3 EUROPE 189
12.3.1 EUROPE: RECESSION IMPACT 189
FIGURE 72 EUROPE: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, 2024 VS. 2030 (USD MILLION) 190
TABLE 145 EUROPE: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2019–2023 (THOUSAND UNITS) 190
TABLE 146 EUROPE: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2024–2030 (THOUSAND UNITS) 191
TABLE 147 EUROPE: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 191
TABLE 148 EUROPE: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2024–2030 (USD MILLION) 192
12.3.2 FRANCE 192
12.3.2.1 Favorable government incentives to drive adoption of electric vehicles and associated technologies 192
TABLE 149 FRANCE: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (THOUSAND UNITS) 193
TABLE 150 FRANCE: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (THOUSAND UNITS) 193
TABLE 151 FRANCE: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (USD MILLION) 193
TABLE 152 FRANCE: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (USD MILLION) 193
12.3.3 GERMANY 194
12.3.3.1 Supportive regulatory framework and increased investments in charging infrastructure to spur market growth 194
TABLE 153 GERMANY: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (THOUSAND UNITS) 194
TABLE 154 GERMANY: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (THOUSAND UNITS) 194
TABLE 155 GERMANY: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (USD MILLION) 195
TABLE 156 GERMANY: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (USD MILLION) 195
12.3.4 NORWAY 196
12.3.4.1 Need for effective thermal insulation and high investments by OEMs to augment market growth 196
TABLE 157 NORWAY: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (THOUSAND UNITS) 196
TABLE 158 NORWAY: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (THOUSAND UNITS) 196
TABLE 159 NORWAY: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (USD MILLION) 197
TABLE 160 NORWAY: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (USD MILLION) 197
12.3.5 UK 198
12.3.5.1 High consumer demand for clean transportation to drive market 198
TABLE 161 UK: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (THOUSAND UNITS) 198
TABLE 162 UK: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (THOUSAND UNITS) 198
TABLE 163 UK: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (USD MILLION) 199
TABLE 164 UK: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (USD MILLION) 199
12.3.6 SWEDEN 199
12.3.6.1 Increasing government initiatives and funding programs to aid market growth 199
TABLE 165 SWEDEN: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (THOUSAND UNITS) 200
TABLE 166 SWEDEN: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (THOUSAND UNITS) 200
TABLE 167 SWEDEN: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (USD MILLION) 200
TABLE 168 SWEDEN: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (USD MILLION) 201
12.3.7 NETHERLANDS 201
12.3.7.1 Need for optimal temperature management in electric vehicles to propel market growth 201
TABLE 169 NETHERLANDS: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (THOUSAND UNITS) 202
TABLE 170 NETHERLANDS: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (THOUSAND UNITS) 202
TABLE 171 NETHERLANDS: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (USD MILLION) 202
TABLE 172 NETHERLANDS: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (USD MILLION) 203
12.3.8 REST OF EUROPE 203
TABLE 173 REST OF EUROPE: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (THOUSAND UNITS) 203
TABLE 174 REST OF EUROPE: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (THOUSAND UNITS) 204
TABLE 175 REST OF EUROPE: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (USD MILLION) 204
TABLE 176 REST OF EUROPE: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (USD MILLION) 204
12.4 NORTH AMERICA 205
12.4.1 NORTH AMERICA: RECESSION IMPACT 205
FIGURE 73 NORTH AMERICA: BATTERY THERMAL MANAGEMENT SYSTEM MARKET SNAPSHOT 206
TABLE 177 NORTH AMERICA: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2019–2023 (THOUSAND UNITS) 206
TABLE 178 NORTH AMERICA: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2024–2030 (THOUSAND UNITS) 207
TABLE 179 NORTH AMERICA: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 207
TABLE 180 NORTH AMERICA: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2024–2030 (USD MILLION) 207
12.4.2 US 208
12.4.2.1 US to command largest share in North American battery thermal management system market during forecast period 208
TABLE 181 US: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (THOUSAND UNITS) 208
TABLE 182 US: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (THOUSAND UNITS) 208
TABLE 183 US: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (USD MILLION) 209
TABLE 184 US: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (USD MILLION) 209
12.4.3 CANADA 209
12.4.3.1 Increased focus on sustainable transportation to drive market 209
TABLE 185 CANADA: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (THOUSAND UNITS) 210
TABLE 186 CANADA: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (THOUSAND UNITS) 210
TABLE 187 CANADA: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (USD MILLION) 210
TABLE 188 CANADA: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (USD MILLION) 211
12.5 REST OF THE WORLD 211
12.5.1 REST OF THE WORLD: RECESSION IMPACT 211
FIGURE 74 REST OF THE WORLD: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, 2024 VS. 2030 (USD MILLION) 212
TABLE 189 REST OF THE WORLD: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2019–2023 (THOUSAND UNITS) 212
TABLE 190 REST OF THE WORLD: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2024–2030 (THOUSAND UNITS) 212
TABLE 191 REST OF THE WORLD: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 213
TABLE 192 REST OF THE WORLD: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY COUNTRY, 2024–2030 (USD MILLION) 213
12.5.2 UAE 213
12.5.2.1 Favorable government initiatives and infrastructural developments to fuel market growth 213
TABLE 193 UAE: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (THOUSAND UNITS) 214
TABLE 194 UAE: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (THOUSAND UNITS) 214
TABLE 195 UAE: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (USD MILLION) 214
TABLE 196 UAE: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (USD MILLION) 215
12.5.3 EGYPT 215
12.5.3.1 Increasing focus on local electric vehicle manufacturing to boost market growth 215
TABLE 197 EGYPT: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (THOUSAND UNITS) 216
TABLE 198 EGYPT: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (THOUSAND UNITS) 216
TABLE 199 EGYPT: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (USD MILLION) 216
TABLE 200 EGYPT: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (USD MILLION) 216
12.5.4 SOUTH AFRICA 217
12.5.4.1 Rising investments in renewable energy technologies and growing focus on local manufacturing to drive market 217
TABLE 201 SOUTH AFRICA: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (THOUSAND UNITS) 217
TABLE 202 SOUTH AFRICA: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (THOUSAND UNITS) 217
TABLE 203 SOUTH AFRICA: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2019–2023 (USD MILLION) 218
TABLE 204 SOUTH AFRICA: BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY PROPULSION TYPE, 2024–2030 (USD MILLION) 218
13 COMPETITIVE LANDSCAPE 219
13.1 OVERVIEW 219
13.2 KEY PLAYER STRATEGY/RIGHT TO WIN 219
13.2.1 OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN BATTERY THERMAL MANAGEMENT SYSTEM MARKET 219
TABLE 205 OVERVIEW OF STRATEGIES DEPLOYED BY PLAYERS IN BATTERY THERMAL MANAGEMENT SYSTEM MARKET 219
13.3 REVENUE ANALYSIS 220
FIGURE 75 REVENUE ANALYSIS OF KEY PLAYERS IN BATTERY THERMAL MANAGEMENT SYSTEM MARKET (2019–2023) 220
13.4 MARKET RANKING ANALYSIS 221
FIGURE 76 MARKET RANKING OF KEY PLAYERS IN BATTERY THERMAL MANAGEMENT SYSTEM MARKET (2023) 221
13.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 223
13.5.1 STARS 223
13.5.2 EMERGING LEADERS 223
13.5.3 PERVASIVE PLAYERS 223
13.5.4 PARTICIPANTS 223
FIGURE 77 BATTERY THERMAL MANAGEMENT SYSTEM MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 224
13.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 225
13.5.5.1 Company footprint 225
TABLE 206 BATTERY THERMAL MANAGEMENT SYSTEM MARKET: COMPANY FOOTPRINT 225
13.5.5.2 Technology footprint 226
TABLE 207 BATTERY THERMAL MANAGEMENT SYSTEM MARKET: TECHNOLOGY FOOTPRINT 226
13.5.5.3 Battery type footprint 227
TABLE 208 BATTERY THERMAL MANAGEMENT SYSTEM MARKET: BATTERY TYPE FOOTPRINT 227
13.5.5.4 Vehicle type footprint 228
TABLE 209 BATTERY THERMAL MANAGEMENT SYSTEM MARKET: VEHICLE TYPE FOOTPRINT 228
13.5.5.5 Propulsion type footprint 229
TABLE 210 BATTERY THERMAL MANAGEMENT SYSTEM MARKET: PROPULSION TYPE FOOTPRINT 229
13.5.5.6 Region footprint 230
TABLE 211 BATTERY THERMAL MANAGEMENT SYSTEM MARKET: REGION FOOTPRINT 230
13.6 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023 230
13.6.1 PROGRESSIVE COMPANIES 230
13.6.2 RESPONSIVE COMPANIES 230
13.6.3 DYNAMIC COMPANIES 231
13.6.4 STARTING BLOCKS 231
FIGURE 78 BATTERY THERMAL MANAGEMENT SYSTEM MARKET: COMPANY EVALUATION MATRIX (START-UPS/SMES), 2023 231
13.6.5 COMPETITIVE BENCHMARKING: START-UPS/SMES, 2023 232
TABLE 212 BATTERY THERMAL MANAGEMENT SYSTEM MARKET: DETAILED LIST OF KEY START-UPS/SMES 232
TABLE 213 BATTERY THERMAL MANAGEMENT SYSTEM MARKET: COMPETITIVE BENCHMARKING OF START-UPS/SMES 233
13.7 VALUATION & FINANCIAL METRICS 234
13.7.1 COMPANY VALUATION 234
FIGURE 79 COMPANY VALUATION OF TOP FIVE PLAYERS 234
13.7.2 FINANCIAL METRICS 234
FIGURE 80 EV/EBITDA OF TOP FIVE PLAYERS 234
13.8 BRAND/PRODUCT COMPARISON 235
FIGURE 81 BATTERY THERMAL MANAGEMENT SYSTEM MARKET: BRAND/PRODUCT COMPARATIVE ANALYSIS 235
13.9 COMPETITIVE SCENARIO 235
13.9.1 PRODUCT LAUNCHES AND DEVELOPMENTS 235
TABLE 214 BATTERY THERMAL MANAGEMENT SYSTEM MARKET: PRODUCT LAUNCHES AND DEVELOPMENTS, JANUARY 2021–APRIL 2024 236
13.9.2 DEALS 237
TABLE 215 BATTERY THERMAL MANAGEMENT SYSTEM MARKET: DEALS, JANUARY 2021–APRIL 2024 237
13.9.3 EXPANSIONS 239
TABLE 216 BATTERY THERMAL MANAGEMENT SYSTEM MARKET: EXPANSIONS, JANUARY 2021–APRIL 2024 239
13.9.4 OTHER DEVELOPMENTS 240
TABLE 217 BATTERY THERMAL MANAGEMENT SYSTEM MARKET: OTHER DEVELOPMENTS, JANUARY 2021–APRIL 2024 240
14 COMPANY PROFILES 242
(Business overview, Products/Solutions/Services offered, Recent developments & MnM View)*
14.1 KEY PLAYERS 242
14.1.1 ROBERT BOSCH GMBH 242
TABLE 218 ROBERT BOSCH GMBH: COMPANY OVERVIEW 242
FIGURE 82 ROBERT BOSCH GMBH: COMPANY SNAPSHOT 243
FIGURE 83 ROBERT BOSCH GMBH: GEOGRAPHICAL PRESENCE 243
TABLE 219 ROBERT BOSCH GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 244
TABLE 220 ROBERT BOSCH GMBH: PRODUCT LAUNCHES, JANUARY 2021–APRIL 2024 245
TABLE 221 ROBERT BOSCH GMBH: DEALS, JANUARY 2021–APRIL 2024 246
TABLE 222 ROBERT BOSCH GMBH: EXPANSIONS, JANUARY 2021–APRIL 2024 246
TABLE 223 ROBERT BOSCH GMBH: OTHER DEVELOPMENTS, JANUARY 2021–APRIL 2024 247
14.1.2 GENTHERM 248
TABLE 224 GENTHERM: COMPANY OVERVIEW 248
FIGURE 84 GENTHERM: COMPANY SNAPSHOT 249
TABLE 225 GENTHERM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 249
TABLE 226 GENTHERM: DEALS, JANUARY 2021–APRIL 2024 250
TABLE 227 GENTHERM: OTHER DEVELOPMENTS, JANUARY 2021–APRIL 2024 251
14.1.3 CONTINENTAL AG 252
TABLE 228 CONTINENTAL AG: COMPANY OVERVIEW 252
FIGURE 85 CONTINENTAL AG: COMPANY SNAPSHOT 253
TABLE 229 CONTINENTAL AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 253
TABLE 230 CONTINENTAL AG: PRODUCT LAUNCHES, JANUARY 2021–APRIL 2024 254
TABLE 231 CONTINENTAL AG: DEALS, JANUARY 2021–APRIL 2024 255
TABLE 232 CONTINENTAL AG: EXPANSIONS, JANUARY 2021–APRIL 2024 255
14.1.4 BORGWARNER INC. 257
TABLE 233 BORGWARNER INC.: COMPANY OVERVIEW 257
FIGURE 86 BORGWARNER INC.: COMPANY SNAPSHOT 258
TABLE 234 BORGWARNER INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 258
TABLE 235 BORGWARNER INC.: PRODUCT LAUNCHES AND DEVELOPMENTS, JANUARY 2021–APRIL 2024 259
TABLE 236 BORGWARNER INC.: DEALS, JANUARY 2021–APRIL 2024 260
TABLE 237 BORGWARNER INC.: EXPANSIONS, JANUARY 2021–APRIL 2024 260
TABLE 238 BORGWARNER INC.: OTHER DEVELOPMENTS, JANUARY 2021–APRIL 2024 261
14.1.5 DENSO CORPORATION 263
TABLE 239 DENSO CORPORATION: COMPANY OVERVIEW 263
FIGURE 87 DENSO CORPORATION: COMPANY SNAPSHOT 264
TABLE 240 DENSO CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 264
TABLE 241 DENSO CORPORATION: PRODUCT LAUNCHES, JANUARY 2021–APRIL 2024 265
TABLE 242 DENSO CORPORATION: DEALS, JANUARY 2021–APRIL 2024 265
TABLE 243 DENSO CORPORATION: EXPANSIONS, JANUARY 2021–APRIL 2024 266
TABLE 244 DENSO CORPORATION: OTHER DEVELOPMENTS, JANUARY 2021–APRIL 2024 266
14.1.6 WEBASTO GROUP 268
TABLE 245 WEBASTO GROUP: COMPANY OVERVIEW 268
FIGURE 88 WEBASTO GROUP: COMPANY SNAPSHOT 269
TABLE 246 WEBASTO GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 269
TABLE 247 WEBASTO GROUP: PRODUCT LAUNCHES, JANUARY 2021–APRIL 2024 270
TABLE 248 WEBASTO GROUP: DEALS, JANUARY 2021–APRIL 2024 271
TABLE 249 WEBASTO GROUP: EXPANSIONS, JANUARY 2021–APRIL 2024 272
TABLE 250 WEBASTO GROUP: OTHER DEVELOPMENTS, JANUARY 2021–APRIL 2024 273
14.1.7 VALEO 274
TABLE 251 VALEO: COMPANY OVERVIEW 274
FIGURE 89 VALEO: COMPANY SNAPSHOT 275
TABLE 252 VALEO: PRODUCTS/SOLUTIONS/SERVICES OFFERED 275
TABLE 253 VALEO: PRODUCT LAUNCHES AND DEVELOPMENTS, JANUARY 2021–APRIL 2024 276
TABLE 254 VALEO: DEALS, JANUARY 2021–APRIL 2024 278
TABLE 255 VALEO: EXPANSIONS, JANUARY 2021–APRIL 2024 278
TABLE 256 VALEO: OTHER DEVELOPMENTS, JANUARY 2021–APRIL 2024 279
14.1.8 MAHLE GMBH 280
TABLE 257 MAHLE GMBH: COMPANY OVERVIEW 280
FIGURE 90 MAHLE GMBH: COMPANY SNAPSHOT 281
TABLE 258 MAHLE GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 282
TABLE 259 MAHLE GMBH: PRODUCT LAUNCHES, JANUARY 2021–APRIL 2024 283
TABLE 260 MAHLE GMBH: DEALS, JANUARY 2021–APRIL 2024 284
TABLE 261 MAHLE GMBH: OTHER DEVELOPMENTS, JANUARY 2021–APRIL 2024 284
14.1.9 HANON SYSTEMS 285
TABLE 262 HANON SYSTEMS: COMPANY OVERVIEW 285
FIGURE 91 HANON SYSTEMS: COMPANY SNAPSHOT 285
TABLE 263 HANON SYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 286
TABLE 264 HANON SYSTEMS: EXPANSIONS, JANUARY 2021–APRIL 2024 287
TABLE 265 HANON SYSTEMS: OTHER DEVELOPMENTS, JANUARY 2021–APRIL 2024 288
14.1.10 MODINE MANUFACTURING COMPANY 289
TABLE 266 MODINE MANUFACTURING COMPANY: COMPANY OVERVIEW 289
FIGURE 92 MODINE MANUFACTURING COMPANY: COMPANY SNAPSHOT 290
TABLE 267 MODINE MANUFACTURING COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 290
TABLE 268 MODINE MANUFACTURING COMPANY: PRODUCT LAUNCHES, JANUARY 2021–APRIL 2024 291
TABLE 269 MODINE MANUFACTURING COMPANY: DEALS, JANUARY 2021–APRIL 2024 292
TABLE 270 MODINE MANUFACTURING COMPANY: EXPANSIONS, JANUARY 2021–APRIL 2024 293
TABLE 271 MODINE MANUFACTURING COMPANY: OTHER DEVELOPMENTS, JANUARY 2021–APRIL 2024 293
14.1.11 GRAYSON THERMAL SYSTEMS 294
TABLE 272 GRAYSON THERMAL SYSTEMS: COMPANY OVERVIEW 294
TABLE 273 GRAYSON THERMAL SYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 294
TABLE 274 GRAYSON THERMAL SYSTEMS: PRODUCT LAUNCHES, JANUARY 2021–APRIL 2024 295
TABLE 275 GRAYSON THERMAL SYSTEMS: EXPANSIONS, JANUARY 2021–APRIL 2024 296
TABLE 276 GRAYSON THERMAL SYSTEMS: OTHER DEVELOPMENTS, JANUARY 2021–APRIL 2024 296
14.1.12 LG CHEM 297
TABLE 277 LG CHEM: COMPANY OVERVIEW 297
FIGURE 93 LG CHEM: COMPANY SNAPSHOT 298
TABLE 278 LG CHEM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 298
TABLE 279 LG CHEM: PRODUCT DEVELOPMENTS, JANUARY 2021–APRIL 2024 299
TABLE 280 LG CHEM: DEALS, JANUARY 2021–APRIL 2024 300
TABLE 281 LG CHEM: EXPANSIONS, JANUARY 2021–APRIL 2024 301
TABLE 282 LG CHEM: OTHER DEVELOPMENTS, JANUARY 2021–APRIL 2024 301
14.1.13 DANA LIMITED 302
TABLE 283 DANA LIMITED: COMPANY OVERVIEW 302
FIGURE 94 DANA LIMITED: COMPANY SNAPSHOT 303
TABLE 284 DANA LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 303
TABLE 285 DANA LIMITED: PRODUCT DEVELOPMENTS, JANUARY 2021–APRIL 2024 304
TABLE 286 DANA LIMITED: DEALS, JANUARY 2021–APRIL 2024 305
TABLE 287 DANA LIMITED: EXPANSIONS, JANUARY 2021–APRIL 2024 305
TABLE 288 DANA LIMITED: OTHER DEVELOPMENTS, JANUARY 2021–APRIL 2024 306
*Details on Business overview, Products/Solutions/Services offered, Recent developments & MnM View might not be captured in case of unlisted companies.
14.2 OTHER PLAYERS 307
14.2.1 VOSS AUTOMOTIVE GMBH 307
TABLE 289 VOSS AUTOMOTIVE GMBH: COMPANY OVERVIEW 307
14.2.2 MARELLI HOLDINGS CO., LTD. 308
TABLE 290 MARELLI HOLDING CO., LTD.: COMPANY OVERVIEW 308
14.2.3 LEM INTERNATIONAL SA 309
TABLE 291 LEM INTERNATIONAL SA: COMPANY OVERVIEW 309
14.2.4 ORION BMS 310
TABLE 292 ORION BMS: COMPANY OVERVIEW 310
14.2.5 RENESAS ELECTRONICS CORPORATION 311
TABLE 293 RENESAS ELECTRONICS CORPORATION: COMPANY OVERVIEW 311
14.2.6 3M 312
TABLE 294 3M: COMPANY OVERVIEW 312
14.2.7 INFINEON TECHNOLOGIES AG 313
TABLE 295 INFINEON TECHNOLOGIES AG: COMPANY OVERVIEW 313
14.2.8 PANASONIC HOLDINGS CORPORATION 314
TABLE 296 PANASONIC HOLDINGS CORPORATION: COMPANY OVERVIEW 314
14.2.9 STMICROELECTRONICS 315
TABLE 297 STMICROELECTRONICS: COMPANY OVERVIEW 315
14.2.10 POLYMER SCIENCES, INC. 316
TABLE 298 POLYMER SCIENCES, INC.: COMPANY OVERVIEW 316
14.2.11 CARRAR 317
TABLE 299 CARRAR: COMPANY OVERVIEW 317
14.2.12 ZHENGZHOU KELIN MOTOR VEHICLE AIR CONDITIONING CO., LTD. 318
TABLE 300 ZHENGZHOU KELIN MOTOR VEHICLE AIR CONDITIONING CO., LTD.: COMPANY OVERVIEW 318
14.2.13 CALOGY SOLUTIONS 319
TABLE 301 CALOGY SOLUTIONS: COMPANY OVERVIEW 319
14.2.14 ZF FRIEDRICHSHAFEN AG 320
TABLE 302 ZF FRIEDRICHSHAFEN AG: COMPANY OVERVIEW 320
15 RECOMMENDATIONS BY MARKETSANDMARKETS 321
15.1 INCREASE IN R&D EFFORTS TOWARD CREATING ADVANCED BATTERY THERMAL SOLUTIONS 321
15.2 BATTERY THERMAL MANAGEMENT SYSTEMS FOR ULTRAFAST CHARGING OF ELECTRIC VEHICLES 321
15.3 IMMERSION COOLING TECHNOLOGY SETS TO TRANSFORM FUTURE MARKET DYNAMICS 321
15.4 CONCLUSION 322
16 APPENDIX 323
16.1 KEY INSIGHTS FROM INDUSTRY EXPERTS 323
16.2 DISCUSSION GUIDE 323
16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 327
16.4 CUSTOMIZATION OPTIONS 329
16.4.1 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY VEHICLE TYPE, AT COUNTRY LEVEL (FOR COUNTRIES NOT COVERED IN REPORT) 329
16.4.2 BATTERY THERMAL MANAGEMENT SYSTEM MARKET, BY TECHNOLOGY, AT COUNTRY LEVEL (FOR COUNTRIES COVERED IN REPORT) 329
16.4.3 COMPANY INFORMATION: PROFILING OF ADDITIONAL MARKET PLAYERS (UP TO 5) 329
16.5 RELATED REPORTS 329
16.6 AUTHOR DETAILS 330