USD 10.25 billion growth in electric vehicle thermal management system (EV BTMS) market | Rising demand for electric cars and their expanded applications to increase growth

NEW YORK, November 24, 2021 / PRNewswire / – Den increasing demand for electric cars and their expanded applications will offer huge growth opportunities.

Attractive options in electric vehicle battery thermal management system (EV BTMS) market by battery type and geography - forecast and analysis 2021-2025

Attractive options in electric vehicle battery thermal management system (EV BTMS) market by battery type and geography – forecast and analysis 2021-2025

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The market for thermal management system for electric vehicles (EV BTMS) is ready to grow with USD 10.25 billion between 2020 and 2025 according to Technavio. The market is fragmented and the degree of fragmentation will decrease during the forecast period.

Dana Inc., DOBER, DuPont de Nemours Inc., Gentherm Inc., Infineon Technologies AG, MAHLE GmbH, Renesas Electronics Corp., Robert Bosch GmbH, Texas Instruments Inc. and Valeo SA are some of the largest market participants. To get the most out of the opportunities, market makers should focus more on the growth prospects of the fast-growing segments while maintaining their positions in the slow-growing segments.

EV BTMS Market 2021-2025: Key Driver
One of the key factors driving the growth of the market for thermal control of electric vehicles (EV BTMS) is the growing demand for electric cars and their expanded applications. The market for thermal management system for electric vehicles (EV BTMS) is directly driven by the growing sales of BEVs and PHEVs. Factors such as advances in electric vehicle technologies, improvements in charging infrastructure and improved socio-economic conditions are expected to boost the demand for BEVs. The drastically increased workload on EV batteries has increased the demand for a BTMS solution that enables a wider operating temperature range, extended battery life and increased range of EVs.

EV BTMS Market 2021-2025: Segmentation

Learn more about the additional trends affecting the future of the market and the positive and negative consequences for companies. Download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43336

EV BTMS Market 2021-2025: Scope
Technavio presents a detailed picture of the market using research, synthesis and aggregation of data from multiple sources. Our EV BTMS market report covers the following areas:

This study identifies BTMS integrated with Thermal Management Systems (TMS) for other electric drive components as one of the main trends in the market.

EV BTMS Market 2021-2025: Market Analysis
Our research analysts have studied the historical data and derived the key market drivers in the electric vehicle thermal management system (EV BTMS) industry. The holistic analysis of the drivers will help derive end goals and refine marketing strategies to gain a competitive edge.

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EV BTMS Market 2021-2025: Highlights

  • CAGR on the market in the forecast period 2021-2025

  • Detailed information on factors that will help the electric car battery’s thermal management system (EV BTMS) market growth over the next five years

  • Estimation of the market size of the electric car battery thermal management system (EV BTMS) and its contribution to the parent market

  • Predictions about upcoming trends and changes in consumer behavior

  • Growth in the market for thermal management system for electric vehicles (EV BTMS).

  • Analysis of the market’s competitive landscape and detailed information on suppliers

  • Comprehensive details on factors that will challenge the growth of suppliers of electric car batteries for thermal management system (EV BTMS)

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EV BTMS Market scope

Report coverage

details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerates at a CAGR of 27.49%

Market growth 2021-2025

USD 10.25 billion

Market structure

Fragmented

Annual growth (%)

29.97

Regional analysis

APAC, North America, Europe, South America and MEA

Execution of market contributions

APAC at 44%

Key consumer countries

China, USA, Japan, Germany and South Korea (Republic of Korea)

Competitive landscape

Leading companies, competitive strategies, extent of consumer engagement

Companies profiled

Dana Inc., DOBER, DuPont de Nemours Inc., Gentherm Inc., Infineon Technologies AG, MAHLE GmbH, Renesas Electronics Corp., Robert Bosch GmbH, Texas Instruments Inc. and Valeo SA

Market dynamics

Parental Market Analysis, Market Growth Inducers and Obstacles, Fast Growing and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Adaptation area

If our report has not included the data you are looking for, you can contact our analysts and get customized segments.

Table of Contents:
Executive Summary
Market landscape

  • Market ecosystem

  • Value chain analysis

Market size

Analysis of five forces

Market segmentation by battery type

  • Market segments

  • Comparison by battery type

  • Li-ion – Market size and forecast 2020-2025

  • Lead Acid – Market Size and Forecast 2020-2025

  • Other – Market size and forecast 2020-2025

  • Market opportunity by battery type

Customer landscape
Geographical Landscape

  • Geographical segmentation

  • Geographical comparison

  • APAC – Market size and forecast 2020-2025

  • North America – Market size and forecast 2020-2025

  • Europe – Market size and forecast 2020-2025

  • South America – Market size and forecast 2020-2025

  • MEA – Market size and forecast 2020-2025

  • Key leading countries

  • Market opportunity by geography

  • Market drivers

  • Market challenges

  • Market trends

Selling Landscape

  • Overview

  • Selling landscape

  • Landscape disturbance

Supplier analysis

Appendix

About us
Technavio is a leading global technology research and consulting company. Their research and analysis focuses on emerging market trends and provides practical insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counters covering 800 technologies spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, extensive research and dynamic market insights to identify opportunities in existing and potential markets and assess their competitive positions in changing market scenarios.

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