US $10.25 Billion Growth in Electric Vehicle Battery Thermal Management System (EV BTMS) Market | Increasing Demand for EVs and their Expanded Applications to Boost Growth | Technavio

NEW YORK, Nov. 24, 2021 /PRNewswire/ — The increasing demand for EVs and their expanded applications will offer immense growth…

NEW YORK, Nov. 24, 2021 /PRNewswire/ — The increasing demand for EVs and their expanded applications will offer immense growth opportunities.

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The electric vehicle battery thermal management system (EV BTMS) market is poised to grow by USD 10.25 billion between 2020 and 2025, according to Technavio. The market is fragmented, and the degree of fragmentation will decelerate 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 major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in 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 growth in the electric vehicle battery thermal management system (EV BTMS) market is the increasing demand for EVs and their expanded applications. The electric vehicle battery thermal management system (EV BTMS) market is directly driven by the growing sales of BEVs and PHEVs. Factors such as advances in electric vehicle technologies, improvements in charging infrastructure, and improving socio-economic conditions are expected to fuel the demand for BEVs. The drastically amplified workload on EV batteries has increased the demand for a BTMS solution that enables a wider operating temperature range, enhanced battery lifespan, and increased range of EVs.

EV BTMS Market 2021-2025: Segmentation

  • Geography
    • APAC
    • North America
    • Europe
    • South America
    • MEA
  • Battery Type
    • Li-ion
    • Lead-acid
    • Others

Learn more about the additional trends impacting the future of the market and the positive and negative consequences on the businesses. 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 by the way of study, synthesis, and summation of data from multiple sources. Our EV BTMS market report covers the following areas:

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

EV BTMS Market 2021-2025: Market Analysis

Our research analysts have studied the historical data and deduced the key market drivers of the electric vehicle battery thermal management system (EV BTMS) industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

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EV BTMS Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist electric vehicle battery thermal management system (EV BTMS) market growth during the next five years
  • Estimation of the electric vehicle battery thermal management system (EV BTMS) market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the electric vehicle battery thermal management system (EV BTMS) market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of electric vehicle battery thermal management system (EV BTMS) market vendors

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EV BTMS Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 27.49%

Market growth 2021-2025

USD 10.25 billion

Market structure

Fragmented

YoY growth (%)

29.97

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 44%

Key consumer countries

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

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

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

Parent 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,

Customization purview

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

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 – 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

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
  • Others – Market size and forecast 2020-2025
  • Market opportunity by Battery type

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic 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

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Dana Inc.
  • DOBER
  • DuPont de Nemours Inc
  • Gentherm Inc.
  • Infineon Technologies AG
  • MAHLE GmbH
  • Renesas Electronics Corp.
  • Robert Bosch GmbH
  • Texas Instruments Inc.
  • Valeo SA

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses 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 counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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