REPORT OUTLOOK
Market Size | CAGR | Dominating Region |
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USD 9.49 billion by 2029 | 20.4% | Asia Pacific |
By Propulsion Type | By Technology | By Battery type |
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SCOPE OF THE REPORT
Vehicle Battery Thermal Management System Market Overview
The Vehicle battery thermal management system market is expected to grow at 20.4% CAGR from 2023 to 2029. It is expected to reach above USD 9.49 billion by 2029 from USD 2.09 billion in 2022.
Lithium-ion batteries are used in electric vehicles for energy storage. The battery capacity highly influences the performance of an EV and the battery capacity is reliant on its core temperature. The charging and discharging rate of the battery depends upon the battery temperature. Thus, this makes the thermal management of an EV battery pack extremely important. The main aim of the battery thermal management system is to regulate the temperature of the cells of the battery.
Battery failure and potentially hazardous situations are prevented by digital electronic hardware devices involved in automotive battery thermal management systems. These systems make sure that the battery used in vehicles functions properly in the final applications. Even if there are environmental changes, these batteries function properly due to such systems.
The technologies used in such systems are PCM: Protection circuit module, liquid cooling and heating, and air cooling and heating. As many problems can arise with the usage of batteries such as overcharging, over-discharging and over-draining, PCM is used to prevent Lithium-ion battery packs from exploding, firing or being damaged. These systems are used in two types of batteries – conventional and solid state.
ATTRIBUTE | DETAILS |
Study period | 2023-2029 |
Base year | 2022 |
Estimated year | 2023 |
Forecasted year | 2023-2029 |
Historical period | 2018-2022 |
Unit | Value (USD Billion), (THOUSAND UNITS) |
Segmentation | By propulsion type, By Technology, By Application, By Region |
By Propulsion type
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By Technology
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By Battery type
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By Vehicle type
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By Region
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CO2 emissions from the vehicles are one of the reasons leading to rising environmental problems. The government as well as the people of various countries are taking initiatives to have a limit on this. Thus, stringent CO2 emission norms are issued by the government which has increased the demand for electric and alternative fuel vehicles. The automakers are encouraging the electric vehicle production because the growing demand. This is driving the market growth of battery thermal management system market.
The auto manufacturers and the suppliers use the battery thermal management system with other electric thermal management systems of the vehicle. This enables the developers to achieve high efficiency with low cost. An effective system can substantially increase battery life and aid to increase the battery life and battery’s overall longevity. These advantages contribute to the market growth.
The components used for battery thermal management systems are complex in terms of their design. Some issues occur such as optimizing the design to reduce power consumption, weight, and cost. While designing these components, a major problem faced is lowering power requirements without compromising the performance. Short circuits, physical damage can occur due to sudden increase in temperature due to high power. The thermal runaway propagation causes fire and explosions. These factors lead to complexities in designing thermal components and can restrain market growth.
Due to advancements in technologies, new technologies are adopted quickly to fulfill the demand. In lithium-ion batteries many developments are made. A transparent lithium-ion battery that charges itself using sunlight without using a solar cell can be integrated into a smart window. Nanotechnology is used extensively to create next generation lithium-ion batteries. This provides new opportunities for the lithium-ion battery usage for new application areas which would also create the need for new battery thermal management system.
The covid-19 pandemic had a significant impact on the automotive industry. Due to the lockdown and other restrictions, the supply chain of the raw material items for electric vehicle components was disrupted which decreased the production. Also, the vehicle sales were affected which in turn negatively impacted the market for electric vehicle battery management system.
The local production of lithium-ion batteries and automotive battery thermal management systems is increased in some countries instead of depending on China, post covid-19 pandemic.
Vehicle Battery Thermal Management System Market Segment Analysis
The Vehicle battery thermal management system market is segmented based on Propulsion Type ,by Technology, by Battery type, by vehicle type and Region, Global trends and forecast.
By Propulsion Type , the market is bifurcated into BEV: Battery Electric Vehicles, PHEV: Plug-in electric vehicles and HEV : Hybrid Electric Vehicles. The vehicle battery thermal management system market for the BEV segment is expected to hold the largest market share during the forecast period. BEVs are the zero emission vehicles. As there are subsidies available from the government for them demand for BEV is high. Also, during the forecasting period , the growth of the segment is projected to continue because of the decreasing battery prices.
Based on the technology, the market is segmented into air cooling and heating, liquid cooling and heating and PCM: Protection circuit module. The air cooling and heating holds the largest share in the market. As this technology is simple, easy and mostly adopted by the economically sold electric vehicle.
The battery type in which the system is used is of two types conventional and solid-state. Conventional segment has largest market share. Conventional batteries such as lithium -ion based , lead-acid based, nickel-based are mostly used in multiple automotive applications.
Among the passenger cars and commercial vehicles, passenger car segment accounts for the  largest market share. The factors affecting the growth are rise in population. Rapid urbanization and improved living standards. The spending capacity of individuals on luxuries is increased.
Vehicle Battery Thermal Management System Market Players
The Vehicle battery thermal management system market key players include Modine Manufacturing Company, Continental ag, Gentherm, Dana Limited, Hanon Systems, Valeo, MAHLE GmbH, Robert Bosch GmbH, Grayson, VOSS Automotive GmbH.
Recent Developments:
In March 2017, Continental expanded its production capacity by opening its first production plant outside Germany in China. The company invested more than USD 24 million to produce high-performance coated materials for a wide range of applications.
In December 2015, LG Chem was the main supplier of the electric vehicle batteries that power the Chevrolet Bolt. The companies have thus entered into a new partnership to supply Chevrolet (US) with its range of products. It would supply products such as the DX cool plate for the Bolt.
In October 2015, Tesla Motors (US) and LG Chem signed a contract for upgrading the company’s car—Roadster—with battery replacement and improvement. This enabled LG Chem to increase the demand for its products in the market.
In November 2015, Gentherm announced that it had expanded its production capacity in the fast-growing North American market by opening a new manufacturing facility in Mexico. The facility would be dedicated to the production of seat comfort and industrial products.
Who Should Buy? Or Key stakeholders
- Vehicle battery thermal management system Suppliers
- Raw Materials Manufacturers
- Electric Vehicle manufacturers
- Research Organizations
- Investors
- Regulatory Authorities
- Others
Vehicle Battery Thermal Management System Market Regional Analysis
The Vehicle battery thermal management system market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina and Rest of South America
Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
Asia Pacific region accounted for the largest market share for vehicle battery thermal management system in the year 2021. The region is likely to dominate the market in the forecast period as well. Due to the presence of growing economies, there is a rapid increase in urbanization ,improvement in the standard of living and rising disposable income which led to the market growth. Also, the government of the countries in this region are taking initiatives for the reduction of carbon emissions by electrifying transportation.
The second largest position in the market is held by Europe. The demand for electric vehicles is increasing in the countries such as Norway and Netherlands. In the regional market, Germany ranks first due to its high sales of all types of vehicles.
In the North American region , the technology adoption is at a higher rate which is increasing the electric vehicle sales across countries.US and Canada are responsible for the market growth.
Key Market Segments: Vehicle battery thermal management system Market
Vehicle Battery Thermal Management System Market By Propulsion Type, 2022-2029, (USD Billion)
- BEV: Battery Electric Vehicles
- PHEV: Plug-In Electric Vehicles
- HEV : Hybrid Electric Vehicles
Vehicle Battery Thermal Management System Market By Technology, 2022-2029, (USD Billion)
- Air Cooling And Heating
- Liquid Cooling And Heating
- PCM: Protection Circuit Module
Vehicle Battery Thermal Management System Market By Battery Type, 2022-2029, (Usd Billion)
- Conventional
- Solid State
Vehicle Battery Thermal Management System Market By Vehicle Type, 2022-2029, (Usd Billion)
- Passenger Cars
- Commercial Vehicles
Vehicle Battery Thermal Management System Market By Region, 2022-2029, (Usd Billion)
- North America
- Asia Pacific
- Europe
- South America
- Middle East And Africa
Important Countries In All Regions Are Covered.
Key Question Answered
- What is the current size of the Vehicle battery thermal management system market?
- What are the key factors influencing the growth of Vehicle battery thermal management system?
- What are the major applications for Vehicle battery thermal management system?
- Who are the major key players in the Vehicle battery thermal management system market?
- Which region will provide more business opportunities Vehicle battery thermal management system in future?
- Which segment holds the maximum share of the Vehicle battery thermal management system market?
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET OUTLOOK
- GLOBAL VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY PROPULSION TYPE , 2022-2029, (USD BILLION)
- BEV: BATTERY ELECTRIC VEHICLES
- PHEV: PLUG-IN ELECTRIC VEHICLES
- HEV: HYBRID ELECTRIC VEHICLES
- GLOBAL VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY, 2022-2029, (USD BILLION)
- AIR COOLING AND HEATING
- LIQUID COOLING AND HEATING
- PCM: PROTECTION CIRCUIT MODULE
- GLOBAL VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY BATTERY TYPE, 2022-2029, (USD BILLION)
- CONVENTIONAL
- SOLID STATE
- GLOBAL VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE, 2022-2029, (USD BILLION)
- PASSENGER CARS
- COMMERCIAL VEHICLES
- MEDIA ENTERTAINMENT
- GLOBAL VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY REGION, 2022-2029, (USD BILLION)
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES* (BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
- MODINE MANUFACTURING COMPANY
- CONTINENTAL AG
- GENTHERM
- DANA LIMITED
- HANON SYSTEMS
- VALEO
- MAHLE GMBH
- ROBERT BOSCH GMBH
- GRAYSON
- VOSS AUTOMOTIVE GMBH. *THE COMPANY LIST IS INDICATIVE
 LIST OF TABLES
TABLE 1Â Â Â Â Â Â Â Â GLOBAL VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY PROPULSION TYPE(USD BILLION), 2020-2029
TABLE 2Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY (USD BILLION), 2020-2029
TABLE 3Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 4Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE (USD BILLION), 2020-2029
TABLE 5Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY REGION (USD BILLION), 2020-2029
TABLE 6Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY PROPULSION TYPE(USD BILLION), 2020-2029
TABLE 7Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY (USD BILLION), 2020-2029
TABLE 8Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 9Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE (USD BILLION), 2020-2029
TABLE 10Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 11Â Â Â Â Â Â Â Â Â Â Â Â Â US VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY PROPULSION TYPE(USD BILLION), 2020-2029
TABLE 12Â Â Â Â Â Â Â Â Â Â Â Â Â US VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY (USD BILLION), 2020-2029
TABLE 13Â Â Â Â Â Â Â Â Â Â Â Â Â US VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 14Â Â Â Â Â Â Â Â Â Â Â Â Â US VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE (USD BILLION), 2020-2029
TABLE 15Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY PROPULSION TYPE(BILLION), 2020-2029
TABLE 16Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY (USD BILLION), 2020-2029
TABLE 17Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 18Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE (USD BILLION), 2020-2029
TABLE 19Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY PROPULSION TYPE(USD BILLION), 2020-2029
TABLE 20Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY (USD BILLION), 2020-2029
TABLE 21Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 22Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE (USD BILLION), 2020-2029
TABLE 23Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY PROPULSION TYPE(USD BILLION), 2020-2029
TABLE 24Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY (USD BILLION), 2020-2029
TABLE 25Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 26Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE (USD BILLION), 2020-2029
TABLE 27Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY PROPULSION TYPE(USD BILLION), 2020-2029
TABLE 28Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY (USD BILLION), 2020-2029
TABLE 29Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 30Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE (USD BILLION), 2020-2029
TABLE 31Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY PROPULSION TYPE(USD BILLION), 2020-2029
TABLE 32Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY (USD BILLION), 2020-2029
TABLE 33Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 34Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE (USD BILLION), 2020-2029
TABLE 35Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY PROPULSION TYPE(USD BILLION), 2020-2029
TABLE 36Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY (USD BILLION), 2020-2029
TABLE 37Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 38Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE (USD BILLION), 2020-2029
TABLE 39Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY PROPULSION TYPE(USD BILLION), 2020-2029
TABLE 40Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY (USD BILLION), 2020-2029
TABLE 41Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 42Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE (USD BILLION), 2020-2029
TABLE 43Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY PROPULSION TYPE(USD BILLION), 2020-2029
TABLE 44Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY (USD BILLION), 2020-2029
TABLE 45Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 46Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE (USD BILLION), 2020-2029
TABLE 47Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 48Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY PROPULSION TYPE(USD BILLION), 2020-2029
TABLE 49Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY (USD BILLION), 2020-2029
TABLE 50Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 51Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE (USD BILLION), 2020-2029
TABLE 52Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY PROPULSION TYPE(USD BILLION), 2020-2029
TABLE 53Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY (USD BILLION), 2020-2029
TABLE 54Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 55Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE (USD BILLION), 2020-2029
TABLE 56Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY PROPULSION TYPE(USD BILLION), 2020-2029
TABLE 57Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY (USD BILLION), 2020-2029
TABLE 58Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 59Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE (USD BILLION), 2020-2029
TABLE 60Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY PROPULSION TYPE(USD BILLION), 2020-2029
TABLE 61Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY (USD BILLION), 2020-2029
TABLE 62Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 63Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE (USD BILLION), 2020-2029
TABLE 64Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY PROPULSION TYPE(USD BILLION), 2020-2029
TABLE 65Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY (USD BILLION), 2020-2029
TABLE 66Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 67Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE (USD BILLION), 2020-2029
TABLE 68Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY PROPULSION TYPE(USD BILLION), 2020-2029
TABLE 69Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY (USD BILLION), 2020-2029
TABLE 70Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 71Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE (USD BILLION), 2020-2029
TABLE 72Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY PROPULSION TYPE(USD BILLION), 2020-2029
TABLE 73Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY (USD BILLION), 2020-2029
TABLE 74Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 75Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE (USD BILLION), 2020-2029
TABLE 76Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY PROPULSION TYPE(USD BILLION), 2020-2029
TABLE 77Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY (USD BILLION), 2020-2029
TABLE 78Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 79Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE (USD BILLION), 2020-2029
TABLE 80Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 81Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY PROPULSION TYPE(USD BILLION), 2020-2029
TABLE 82Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY (USD BILLION), 2020-2029
TABLE 83Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 84Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE (USD BILLION), 2020-2029
TABLE 85Â Â Â Â Â Â Â Â Â Â Â Â Â UK VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY PROPULSION TYPE(USD BILLION), 2020-2029
TABLE 86Â Â Â Â Â Â Â Â Â Â Â Â Â UK VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY (USD BILLION), 2020-2029
TABLE 87Â Â Â Â Â Â Â Â Â Â Â Â Â UK VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 88Â Â Â Â Â Â Â Â Â Â Â Â Â UK VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE (USD BILLION), 2020-2029
TABLE 89Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY PROPULSION TYPE(USD BILLION), 2020-2029
TABLE 90Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY (USD BILLION), 2020-2029
TABLE 91Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 92Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE (USD BILLION), 2020-2029
TABLE 93Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY PROPULSION TYPE(USD BILLION), 2020-2029
TABLE 94Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY (USD BILLION), 2020-2029
TABLE 95Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 96Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE (USD BILLION), 2020-2029
TABLE 97Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY PROPULSION TYPE(USD BILLION), 2020-2029
TABLE 98Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY (USD BILLION), 2020-2029
TABLE 99Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 100Â Â Â Â Â Â Â Â Â Â Â SPAIN VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE (USD BILLION), 2020-2029
TABLE 101Â Â Â Â Â Â Â Â Â Â Â RUSSIA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY PROPULSION TYPE(USD BILLION), 2020-2029
TABLE 102Â Â Â Â Â Â Â Â Â Â Â RUSSIA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY (USD BILLION), 2020-2029
TABLE 103Â Â Â Â Â Â Â Â Â Â Â RUSSIA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 104Â Â Â Â Â Â Â Â Â Â Â RUSSIA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE (USD BILLION), 2020-2029
TABLE 105Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY PROPULSION TYPE(USD BILLION), 2020-2029
TABLE 106Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY (USD BILLION), 2020-2029
TABLE 107Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 108Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE (USD BILLION), 2020-2029
TABLE 109Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY PROPULSION TYPE(USD BILLION), 2020-2029
TABLE 110Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY (USD BILLION), 2020-2029
TABLE 111Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 112Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE (USD BILLION), 2020-2029
TABLE 113Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 114Â Â Â Â Â Â Â Â Â Â Â UAE VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY PROPULSION TYPE(USD BILLION), 2020-2029
TABLE 115Â Â Â Â Â Â Â Â Â Â Â UAE VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY (USD BILLION), 2020-2029
TABLE 116Â Â Â Â Â Â Â Â Â Â Â UAE VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 117Â Â Â Â Â Â Â Â Â Â Â UAE VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE (USD BILLION), 2020-2029
TABLE 118Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY PROPULSION TYPE(USD BILLION), 2020-2029
TABLE 119Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY (USD BILLION), 2020-2029
TABLE 120Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 121Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE (USD BILLION), 2020-2029
TABLE 122Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY PROPULSION TYPE(USD BILLION), 2020-2029
TABLE 123Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY (USD BILLION), 2020-2029
TABLE 124Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 125Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE (USD BILLION), 2020-2029
TABLE 126Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY PROPULSION TYPE(USD BILLION), 2020-2029
TABLE 127Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY TECHNOLOGY (USD BILLION), 2020-2029
TABLE 128Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY BATTERY TYPE (USD BILLION), 2020-2029
TABLE 129Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY VEHICLE TYPE (USD BILLION), 2020-2029
LIST OF FIGURES
FIGURE 1Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET DYNAMICS
FIGURE 2Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET SEGMENTATION
FIGURE 3Â Â Â Â Â Â Â Â Â Â Â Â Â REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4Â Â Â Â Â Â Â Â Â Â Â Â Â DATA TRIANGULATION
FIGURE 5Â Â Â Â Â Â Â Â Â Â Â Â Â BOTTOM-UP APPROACH
FIGURE 6Â Â Â Â Â Â Â Â Â Â Â Â Â TOP-DOWN APPROACH
FIGURE 7Â Â Â Â Â Â Â Â Â Â Â Â Â RESEARCH FLOW
FIGURE 8Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM BY PROPULSION TYPE, USD BILLION, 2020-2029
FIGURE 9Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM BY TECHNOLOGY, USD BILLION, 2020-2029
FIGURE 10Â Â Â Â Â Â Â Â Â Â GLOBAL VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM BY BATTERY TYPE, USD BILLION, 2020-2029
FIGURE 11Â Â Â Â Â Â Â Â Â Â GLOBAL VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM BY VEHICLE TYPE, USD BILLION, 2020-2029
FIGURE 12Â Â Â Â Â Â Â Â Â Â GLOBAL VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM BY REGION, USD BILLION, 2020-2029
FIGURE 13          PORTER’S FIVE FORCES MODEL
FIGURE 14Â Â Â Â Â Â Â Â Â Â VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM BY PROPULSION TYPE, USD BILLION, 2021
FIGURE 15Â Â Â Â Â Â Â Â Â Â VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM BY TECHNOLOGY, USD BILLION, 2021
FIGURE 16Â Â Â Â Â Â Â Â Â Â VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM BY BATTERY TYPE, USD BILLION, 2021
FIGURE 17Â Â Â Â Â Â Â Â Â Â VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM BY VEHICLE TYPE, USD BILLION, 2021
FIGURE 18Â Â Â Â Â Â Â Â Â Â VEHICLE BATTERY THERMAL MANAGEMENT SYSTEM MARKET BY REGION 2021
FIGURE 19Â Â Â Â Â Â Â Â Â Â MARKET SHARE ANALYSIS
FIGURE 20Â Â Â Â Â Â Â Â Â Â MODINE MANUFACTURING COMPANY: COMPANY SNAPSHOT
FIGURE 21Â Â Â Â Â Â Â Â Â Â CONTINENTAL AG: COMPANY SNAPSHOT
FIGURE 22Â Â Â Â Â Â Â Â Â Â GENTHERM : COMPANY SNAPSHOT
FIGURE 23Â Â Â Â Â Â Â Â Â Â DANA LIMITED : COMPANY SNAPSHOT
FIGURE 24Â Â Â Â Â Â Â Â Â Â HANON SYSTEMS : COMPANY SNAPSHOT
FIGURE 25Â Â Â Â Â Â Â Â Â Â VALEO : COMPANY SNAPSHOT
FIGURE 26Â Â Â Â Â Â Â Â Â Â MAHLE GMBH : COMPANY SNAPSHOT
FIGURE 27Â Â Â Â Â Â Â Â Â Â ROBERT BOSCH GMBH : COMPANY SNAPSHOT
FIGURE 28Â Â Â Â Â Â Â Â Â Â GRAYSON : COMPANY SNAPSHOT
FIGURE 29Â Â Â Â Â Â Â Â Â Â VOSS AUTOMOTIVE GMBH : COMPANY SNAPSHOT
FAQ
The Vehicle battery thermal management system market is expected to grow at 20.4% CAGR from 2022 to 2029. It is expected to reach above USD 9.49 billion by 2029 from USD 2.09 billion in 2022.
Asia Pacific held more than 44% of the Vehicle battery thermal management system market revenue share in 2021 and will witness expansion in the forecast period.
The increase in the demand for electric vehicles and the need to maintain the battery capacity of the batteries used in these vehicles are the market’s driving forces.
Based on the technology, the market is segmented into air cooling and heating, liquid cooling and heating and PCM: Protection circuit module. The air cooling and heating holds the largest share in the market. As this technology is simple, easy and mostly adopted by the economically sold electric vehicle. The battery type in which the system is used is of two types conventional and solid-state. Conventional segment has largest market share. Conventional batteries such as lithium -ion based , lead-acid based, nickel-based are mostly used in multiple automotive applications.
The region’s largest share is in Asia Pacific. Because of the presence of the growing economies such India, China and China being the largest market for the automotive industry this region is largest regional market for vehicle battery thermal management system market. The growing demand for electric vehicle in the countries is also the factor for market’s growth in the region.
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