Automotive Battery Thermal Management System Market Is Growing Owing To Increasing Adoption Of Electric Vehicle Globally
Pune, Maharashtra, May 09, 2019 (Wired Release) Prudour Pvt. Ltd. – The battery management system is an electric system that manages rechargeable batteries in various ways such as reporting data, controlling environment, and protecting the battery from external factors. Battery thermal management system is mostly used in the automotive industry. Automotive batteries are mounted in a group based on physical size and type of placement of terminal. The battery management system is an important part of automotive works based on components such as hardware and software. Automotive battery thermal management system operates in various conditions such as heat transport, heat dissipation, heat generation.
Automotive battery thermal management system’s demand is rising owing to increasing adoption for technologically advanced batteries in the vehicles. Increasing demand for electric vehicles is also bolstered adoption of the automotive battery thermal management system. In addition, the government taking initiative in terms of subsidies about automotive battery electric vehicles (BEV) and charging stations also propelling demand for the thermal management system. Concern towards battery saving is also increasing in terms of less fuel wastage and generate excess heat resulted in high adoption for automotive battery thermal management system globally.
Increasing research and development activities and technological improvement in terms of automation and vehicle electrification is also bolstering adoption for automated battery thermal management system. However, the high cost of the automated battery in an automotive battery thermal management system may hamper adoption for the same in developing and non-developed countries. Also, the performance of the battery, specific power capacity, specific energy and specific efficiency of the battery may also hinder demand for automotive battery thermal management system to a certain extent.
Automotive battery thermal management system including air, liquid, phase change material, and thermos electrics. Among the technology, air technology holds a major position owing to increasing adoption of advanced air base technologies in automotive battery thermal management system worldwide. Automotive battery thermal management systems are further bifurcated based on propulsion such as battery electric vehicle, hybrid electric vehicle, plug-in a hybrid electric vehicle, and fuel cell vehicles. Among propulsion, the battery electric vehicle has high accountability in automotive battery thermal management system owing to increasing adoption of electric vehicles.
Automotive battery thermal management systems are having a vast area of vehicle types such as passenger and commercial. Among the vehicle type, the passenger segment has high accountability in automotive battery thermal management market due to increasing adoption of passenger base automotive across the globe.
North America contributing significant share owing to high adoption of automotive battery thermal management systems in passenger vehicles due to government initiatives for improving the management system of automotive thermal battery in countries in the region. The Asia Pacific plays an important role in automotive battery thermal management market due to increasing awareness about benefits of automotive battery thermal management resulted into rising adoption of management system in automotive batteries in countries such as India, and China in the region.
Prominent players operating in the automotive battery thermal management market LG Chem., Continental Automotive GmbH, GenTherm, Robert Bosch GmbH, Valeo SA, Calsonic Kansei Corporation, Dana Limited., Hanon Systems, SAMSUNG SDI CO., LTD., and MAHLE GmbH, etc.