The Automotive Battery Thermal Management System Market is valued at USD 1.01 Billion in 2016 and is projected to reach USD 4.24 Billion by 2025, at a CAGR of 16.05% during the forecast period. The base year for the report is 2016 and the forecast period is 2017 to 2025.

The research methodology uses secondary sources that include associations such as International Organization of Motor Vehicle Manufacturers (OICA), Emission Controls Manufacturers Association (ECMA), European Automobile Manufacturers Association (ACEA), Environmental Protection Agency (EPA), and International Council on Clean Transportation (ICCT) and paid databases and directories such as Factiva and Bloomberg. In the primary research stage, experts from related industries, manufacturers, and suppliers have been interviewed to understand the present situation and future trends in the market. The market for OE has been derived from forecasting techniques based on electric & hybrid vehicle sales, hybrid system penetration, and electric vehicle regulations and incentives.

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The ecosystem of the automotive battery thermal management system market consists of battery thermal management system manufacturers such as LG Chem (South Korea), Continental (Germany), GenTherm (US), Robert Bosch (Germany), Valeo (France), Calsonic Kansei (Japan), DANA (US), Hanon Systems (Korea), Samsung SDI (Korea), Mahle (Germany), VOSS Automotive (Germany), CapTherm Systems (Canada), and others.

Target Audience

• Battery thermal management system manufacturers
• Distributors and suppliers of battery thermal management components
• Independent and authorized dealers
• Hybrid system manufacturers
• Electric vehicle manufacturers
• Industry associations and experts

The active technology of market is expected to have a higher adoption rate in the near future. Factors such as the increased efficiency, improved battery performance, and long lifespan are expected to drive the demand for active technology in the battery thermal management system market. Active technology, which uses air or liquid for heating or cooling the battery cells, has enabled the developers and manufacturers to get maximum efficiency and performance with extended battery life.

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