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Global Electric Vehicle Battery Thermal Management System Market 2017-2021

Global Electric Vehicle Battery Thermal Management System Market 2017-2021

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.

Technavio’s analysts forecast the global electric vehicle battery thermal management system market to grow at a CAGR of 37.77% during the period 2017-2021.

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?


Press Release

Technavio Announces the Publication of its Research Report – Global Electric Vehicle Battery Thermal Management System Market 2017-2021

Technavio recognizes the following companies as the key players in the global electric vehicle battery thermal management system market: Bosch, Gentherm, LG Chem, and Valeo.

Other Prominent Vendors in the market are: AVID, CalsonicKansei, CapTherm Systems, Dana, DuPont, Hanon Systems, Tesla Motors, and VOSS Automotive.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is ease of diagnosis through CAN bus interface. Controller Area Network (CAN) bus is a message-based protocol used for diagnosis and troubleshooting of the most critical systems in the vehicle based on their configuration and can operate up to 1 Mbit/s. CAN is classified as high-speed CAN with transfer rates up to 1 Mbit/s (used for braking systems, engine control modules, and emissions systems) and low-speed/fault-tolerant CAN with transfer rates up to 125 Kbit/s (used for door module, mirror control, etc.). The increased integration of high-speed CAN in automotive systems have reduced the complexity of a hard-wired architecture.”

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.

Further, the report states that one challenge in market is high capital and maintenance cost. High capital expenditure incurred for the installation of batteries and the implementation of BMS solutions is affecting the growth of the global BTMS market. For the BTMS to work efficiently, each cell in the battery pack must be monitored through a BMS, thus requiring complete integration. Reliability has become a major concern as power requirements are continuously increasing across the automotive segment. The failure of even a single cell can lead to the failure of the system. Therefore, the BTMS technology requires a high initial cost in its R&D, implementing into battery unit, integrating to vehicle on-board units through various sensors and software development. The high capital cost makes the technology unaffordable to small- and medium-sized vendors, thereby hindering the market growth.

Companies Mentioned

Bosch, Gentherm, LG Chem, Valeo, AVID, CalsonicKansei, CapTherm Systems, Dana, DuPont, Hanon Systems, Tesla Motors, VOSS Automotive.

  • Executive summary
  • Scope of the report
    • Market overview
    • Report coverage
    • Top-vendor offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Global (H)EV market 2016-2021 (unit sales in millions)
      • Table Battery systems in bestselling hybrid and electric passenger vehicles
    • Value chain analysis
      • Table Value chain analysis of global EV BTMS market
    • Regulatory environment is encouraging growth of (H)EV
  • Market landscape
    • Market overview
      • Table Global EV BTMS market landscape
    • Market size and forecast
      • Table Global EV BTMS market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Geographic segmentation
    • Market overview
      • Table Global EV BTMS market by geography 2016
      • Table Global EV BTMS market by geography 2021
    • EV BTMS market in APAC
      • Table EV BTMS market in APAC 2016-2021 ($ billions)
    • EV BTMS market in North America
      • Table EV BTMS market in North America 2016-2021 ($ billions)
    • EV BTMS market in Europe
      • Table EV BTMS market in Europe 2016-2021 ($ billions)
  • 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
  • Market challenges
    • Growing global power crisis
    • High capital and maintenance cost
    • Increasing heat generation owing to fast chargers and small batteries
  • Market trends
    • Advances in thermal management technology: PCM and GIHP
    • Ease of diagnosis through CAN bus interface
    • High-density, high-power, small-sized Li-ion batteries
    • Increasing use of software and sensors for intelligent BMS
  • Vendor landscape
    • Competitive benchmarking
      • Table Competitive benchmarking
    • Other prominent vendors
  • Key vendor analysis
    • Bosch
      • Table Bosch: Business segmentation by revenue 2015
      • Table Bosch: Geographic segmentation by revenue 2015
      • Table Product portfolio: Bosch
      • Table Recent developments: Bosch
    • Gentherm
      • Table Gentherm: Recent developments
    • LG Chem
      • Table LG Chem: Product portfolio
      • Table LG Chem: Application portfolio of BMS
      • Table LG Chem: Business segmentation by revenue 2015
      • Table LG Chem: Revenue segmentation by geography 2015
      • Table Global manufacturers that use LG Chem's battery pack with BTMS
      • Table LG Chem: Recent developments
    • Valeo
      • Table Valeo: Business segmentation by revenue 2015
      • Table Valeo: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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