Electric Vehicle Battery Thermal Management System Market Size, Share, Demand and Forecast to 2021

Market Research Analysts forecast the global electric vehicle battery thermal management system market to grow at a CAGR of 37.77% during the period 2017-2021.

According to the report, one driver in market is increasing demand for EVs and their expanded applications. (H)EVs are powered mainly by batteries. The battery pack in a hybrid vehicle must tolerate heavy charge (during sudden braking) and heavy discharge (for sudden speed boost). In addition, the temperature must be kept within the tolerable range, allowing space for the dissipation of heat generated from regenerative braking, and to heat the batteries in case of cold weather conditions. Therefore, BTMS act as a crucial feature in these vehicles guaranteeing healthy battery operations.

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About Electric Vehicle Battery Thermal Management System

The consumption of rechargeable batteries is growing globally, covering all major sectors, including consumer electronics, energy, automotive, and telecom. The efficiency of the batteries (the maximum output power with respect to size and weight) has improved due to the advances in technologies. This growth in the global rechargeable battery market has prompted companies to become knowledgeable about the thermal management of battery systems, such as solutions for overheating and cold weather conditions, to improve battery life and performance.

Covered in this report 

The report covers the present scenario and the growth prospects of the global electric vehicle battery thermal management system market for 2017-2021. To calculate the market size, the report considers the revenue generated from the total unit sales of BTMS offered in EVs currently sold in the market.

The market is divided into the following segments based on geography: 
APAC
Europe
North America

Technavio’s report, Global Electric Vehicle Battery Thermal Management System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. 

Key vendors 
Bosch
Gentherm
LG Chem
Valeo

Other prominent vendors 
AVID
CalsonicKansei
CapTherm Systems
Dana 
DuPont
Hanon Systems
Tesla Motors
VOSS Automotive

Market driver 
BTMS integrated with TMS of other electric drive components.
For a full, detailed list, view our report 

Market challenge 
Increasing heat generation owing to fast chargers and small batteries.
For a full, detailed list, view our report 

Market trend 
Increasing use of software and sensors for intelligent BMS.
For a full, detailed list, view our report 

Key questions answered in this report 
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors? 

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Table of Contents

PART 01: Executive summary

PART 02: Scope of the report

Market overview

Report coverage

Top-vendor offerings

PART 03: Market research methodology

Research methodology

Economic indicators

PART 04: Introduction

Key market highlights

Value chain analysis

Regulatory environment is encouraging growth of (H)EV

PART 05: Market landscape

Market overview

Market size and forecast

Five forces analysis

PART 06: Geographic segmentation

Market overview

EV BTMS market in APAC

EV BTMS market in North America

EV BTMS market in Europe

PART 07: Market drivers

Increasing demand for EVs and their expanded applications

BTMS integrated with TMS of other electric drive components

New cooling method for BTMS: DX

BTMS surges Li-ion battery performance improving range of EV

PART 08: Market challenges

Growing global power crisis

High capital and maintenance cost

Increasing heat generation owing to fast chargers and small batteries

……..CONTINUED

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Source: https://marketreportscenter.com/reports/494140/global-electric-vehicle-battery-thermal-management-system-market-2017-2021