Market Analysis and Insights: Global Automotive Battery Thermal Management System Market

Automotive Battery Thermal Management System is a system controlling the cooling and pre-heating of battery used in electric and hybrid vehicles. Automotive Battery Thermal Management System is part of the automotive thermal management system. It ensures batteries operate within a certain temperature range, will be crucial to helping electric cars drive greater distances for a longer period of time. The major parts of automotive battery thermal management system are Cooling plate, battery cooler, electronic water pump and electronic expansion valve. Most of these parts are produced by the system suppliers

Due to the COVID-19 pandemic, the global Automotive Battery Thermal Management System market size is estimated to be worth US$ 786.7 million in 2022 and is forecast to a readjusted size of US$ 3858.4 million by 2029 with a CAGR of 25.2% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Liquid Cooling and Heating accounting for % of the Automotive Battery Thermal Management System global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While PHEV segment is altered to an % CAGR throughout this forecast period.

Mahle, Valeo, Hanon Systems, Gentherm and Dana are the top 5 manufacturters of Automotive Battery Thermal Management System, with about 66% market shares.

Europe is the largest consumption place, with a consumption market share nearly 61%. Following Europe, Asia Pacific is the second largest consumption place with the consumption market share of 20%.

Global Automotive Battery Thermal Management System Scope and Market Size

The global Automotive Battery Thermal Management System market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Automotive Battery Thermal Management System market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.


Segment by Type


Liquid Cooling and Heating

Air Cooling and Heating


Segment by Application


PHEV

BEV

By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions


By Company


Mahle

Valeo

Hanon Systems

Gentherm

Dana

Grayson