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Nov 25, 2020 (Market Insight Reports) —
Selbyville, Delaware. A Research study on Automotive Battery Thermal Management System Market analyzes and offers ideas of exhaustive research on ancient and recent Automotive Battery Thermal Management System market size. Along with the estimated future possibilities of the market and emerging trends in the Automotive Battery Thermal Management System market.
The worldwide Automotive Battery Thermal Management System Market is anticipated to reach around USD 5.4 billion by 2026, according to a new research published by The marker research report. The passenger car dominated the global Automotive Battery Thermal Management System market in 2017. In 2017, Asia-Pacific accounted for the majority share in the global automotive battery thermal management system market.
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The significant increase in demand for electric vehicles, and rising need to improve battery performance and efficiency of electric vehicles boosts the demand for automotive battery thermal management system. The awareness regarding use of electric vehicles has increased significantly, especially in the Asia-Pacific region. The increasing awareness among consumers regarding use of eco-friendly vehicles coupled with rising adoption of advanced Lithium-Ion batteries fuels the growth of the automotive battery thermal management system market. New emerging markets, emerging consumer demographics, and stringent government regulations would provide growth opportunities for automotive battery thermal management system market in the coming years.
In 2017, Asia-Pacific accounted for the highest share in the global automotive battery thermal management system market. The growing demand for electric vehicles in the region, established automotive industry, and technological advancements would accelerate the demand for automotive battery thermal management system systems during the forecast period. The governments in the region have introduced stringent regulations regarding vehicular emissions, and are offering subsidies and tax exemptions on purchase of electric vehicles, thereby fueling the growth of the market. The increasing economic growth, and increasing demand from countries such as China and India further increase the adoption of automotive battery thermal management systems in the region.
The companies operating in the automotive battery thermal management systems include Robert Bosch GmbH, Dana Incorporated, LG Chem., Calsonic Kansei Corporation, Continental AG, Gentherm Incorporated, VOSS Automotive, CapTherm Systems, Hanon Systems, and Mahle Behr GmbH. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
What will you get in this report?
- An exhaustive analysis of the global Automotive Battery Thermal Management System market with detailed studies on different topics that will help key players to create effective development strategies and strengthen a strong position in the Automotive Battery Thermal Management System industry.
- It gives a complete mapping of the behaviors of Automotive Battery Thermal Management System market contributors and the vendor landscape. Existing companies could use the report to prepare themselves well to face future market challenges and strongly compete in the global Automotive Battery