Electric Vehicle Battery Thermal Management System (EV BTMS) Market 2024-2028
The electric vehicle battery thermal management system (EV BTMS) market is forecasted to grow by USD 46876.4 mn during 2023-2028, accelerating at a CAGR of 47.99% during the forecast period. The report on the electric vehicle battery thermal management system (EV BTMS) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for evs and their expanded applications, new cooling method for EV BTMS: dx, and EV BTMS surges lithium-ion battery performance improving range of evs.
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
33.79%
CAGR
47.99%
Incremental Value
$46876.4 mn
Technavio's electric vehicle battery thermal management system (EV BTMS) market is segmented as below:
By Battery Type
Li-ion
Lead-acid
Others
By Vehicle Type
Passenger vehicle
Commercial vehicle
By Geographical Landscape
APAC
North America
Europe
South America
Middle East and Africa
This study identifies the advances in thermal management technology: PCM and GIHP as one of the prime reasons driving the electric vehicle battery thermal management system (EV BTMS) market growth during the next few years. Also, high-density, high-power, small-sized lithium-ion batteries and increasing use of software and sensors for intelligent BMS will lead to sizable demand in the market.
The report on the electric vehicle battery thermal management system (EV BTMS) market covers the following areas:
Electric vehicle battery thermal management system (EV BTMS) market sizing
Electric vehicle battery thermal management system (EV BTMS) market forecast
Electric vehicle battery thermal management system (EV BTMS) market industry analysis
The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric vehicle battery thermal management system (EV BTMS) market vendors that include BMS Powersafe, Dana Inc., Dober, DuPont de Nemours Inc., Eberspacher Gruppe GmbH and Co.KG, Ewert Energy Systems Inc., Exponential Power Inc., Gentherm Inc., Hanon Systems, Infineon Technologies AG, Leclanche SA, Lithium Balance AS, MAHLE GmbH, Renesas Electronics Corp., Robert Bosch GmbH, STMicroelectronics International N.V., Texas Instruments Inc., Turntide Technologies Inc., Valeo SA, and VOSS Automotive GmbH. Also, the electric vehicle battery thermal management system (EV BTMS) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Battery Type
Executive Summary - Chart on Market Segmentation by Vehicle Type
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Electric Vehicle Battery Thermal Management System (EV BTMS) Market 2018 - 2022
Historic Market Size - Data Table on Global Electric Vehicle Battery Thermal Management System (EV BTMS) Market 2018 - 2022 ($ million)