EV Battery Thermal Management Systems Market was valued at USD 2,061 Million in 2020 and expected to grow at 28.8% CAGR over the forecast period.

Introduction of the EV Battery Thermal Management Systems Market Report
The EV battery thermal management system (BTMS) is used to increase the lifetime of the EV battery system by regulating the temperature level and distribution. The battery thermal management system consists of thermoelectric cooling, liquid cooling, and forced air cooling.

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Market Dynamic
Key Drivers and Emerging Trends
The EV battery thermal management systems market size is expected to grow at a notable CAGR over the forecast period primarily due increasing adoption of electric vehicles and strict rules for reducing the emission of harmful gases from vehicles globally. Additionally, battery thermal management systems help in improving battery power and longevity, and also reduce the size of electric engines in electric vehicles. Moreover, various organizations including Electric Vehicle Charging Association (EVCA), CHAdeMO Association, AVERE (The European Association for Electromobility) among others are working for the growth and development of the electric vehicle market. Furthermore, the growing trend towards the adoption of emission-free vehicles by transport companies and the growing electric buses market will fuel the EV battery thermal management system market over the forecast period.

Restraint in the EV Battery Thermal Management Systems Market
However, the disruption in the supply chain and decline in automotive production due to the outbreak of COVID 19 are expected to hamper the market growth over the forecast period. Additionally, the high cost of electric vehicles may further hamper market growth.

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Type – Segment Analysis
Based on the type, the passive system is expected to hold a prominent share in the market owing to the low cost associated with passive thermal management systems and their components in comparison to the active system. The passive thermal management relies on heat transfer by convection, conduction, and radiation, without consuming battery power, which is further expected to contribute to the market growth.

Application – Segment Analysis
Based on the application, the commercial vehicle is expected to grow at a high rate over the forecast period. This can primarily be attributed to the increasing use of vehicles for fleet management, transportation, ridesharing, and others. Moreover, the strict vehicle emission regulations across the world, rise in fuel prices, and increasing use of electric vehicles by e-commerce companies are further accelerating the market growth.

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Regional – Segment Analysis:
Asia Pacific is expected to grow at a significant CAGR during the forecast period owing to the growing economy, increasing population, and rising adoption of fuel-efficient vehicles. According to the International Energy Agency (IEA), China accounted for 47% of the global electric car sales in 2019. This is expected to promote market growth in the Asia-Pacific.

Top Market Players
Several leading EV Battery Thermal Management Systems companies operating in the market, include, Robert Bosch GmbH, Denso Corporation, Continental AG, BorgWarner Inc., Hitachi, Ltd., Eaton Corporation Plc, Renesas Electronics Corporation, Infineon Technologies AG, Dana Limited, and Visteon Corporation, among others.

Key Developments:

• • In 2020, BorgWarner Inc. has completed its acquisition of Delphi Technologies. The combination of BorgWarner and Delphi Technologies is expected to strengthen BorgWarner’s power electronics products, commercial vehicle, and aftermarket businesses.

Segments Covered in the Report:
The global EV Battery Thermal Management Systems market has been segmented on the basis of type, application, and key regions. Based on type, the market is segmented into active and passive. Based on the application, the market is segmented into passenger cars and commercial vehicles.

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Key questions answered in this research report:

• • At what pace is global EV Battery Thermal Management Systems market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in EV Battery Thermal Management Systems Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global EV Battery Thermal Management Systems Market?
  • Which type generated maximum revenues in 2020 and identify the most promising type during the forecast period?
  • What are the various application of global EV Battery Thermal Management Systems Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Robert Bosch GmbH, Denso Corporation, Continental AG, BorgWarner Inc., Hitachi, Ltd., Eaton Corporation Plc, Renesas Electronics Corporation, Infineon Technologies AG, Dana Limited, and Visteon Corporation among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global EV Battery Thermal Management Systems Market by Type

• • Active
  • Passive

Global EV Battery Thermal Management Systems Market by Application

• • Passenger Cars
  • Commercial Vehicles

Global EV Battery Thermal Management Systems Market by Region

• • North America EV Battery Thermal Management Systems Market (Option 1: As a part of the free 25% customization)
    • North America EV Battery Thermal Management Systems Market by Type
    • North America EV Battery Thermal Management Systems Market by Application
    • US EV Battery Thermal Management Systems Market All-Up
    • Canada EV Battery Thermal Management Systems Market All-Up
  • Europe EV Battery Thermal Management Systems Market (Option 2: As a part of the free 25% customization)
    • Europe EV Battery Thermal Management Systems Market by Type
    • Europe EV Battery Thermal Management Systems Market by Application
    • UK EV Battery Thermal Management Systems Market All-Up
    • Germany EV Battery Thermal Management Systems Market All-Up
    • France EV Battery Thermal Management Systems Market All-Up
    • Spain EV Battery Thermal Management Systems Market All-Up
    • Rest of Europe EV Battery Thermal Management Systems Market All-Up
  • Asia-Pacific EV Battery Thermal Management Systems Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific EV Battery Thermal Management Systems Market by Type
    • Asia-Pacific EV Battery Thermal Management Systems Market by Application
    • China EV Battery Thermal Management Systems Market All-Up
    • India EV Battery Thermal Management Systems Market All-Up
    • Japan EV Battery Thermal Management Systems Market All-Up
    • Rest of APAC EV Battery Thermal Management Systems Market All-Up
  • RoW EV Battery Thermal Management Systems Market (Option 4: As a part of the free 25% customization)
    • RoW EV Battery Thermal Management Systems Market by Type
    • RoW EV Battery Thermal Management Systems Market by Application
    • Brazil EV Battery Thermal Management Systems Market All-Up
    • South Africa EV Battery Thermal Management Systems Market All-Up
    • Saudi Arabia EV Battery Thermal Management Systems Market All-Up
    • UAE EV Battery Thermal Management Systems Market All-Up
    • Rest of world (remaining countries of the LAMEA region) EV Battery Thermal Management Systems Market All-Up

Major Players Operating in the EV Battery Thermal Management Systems Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Robert Bosch GmbH 
  • Denso Corporation
  • Continental AG
  • BorgWarner Inc.
  • Hitachi, Ltd.
  • Eaton Corporation Plc
  • Renesas Electronics Corporation
  • Infineon Technologies AG
  • Dana Limited
  • Visteon Corporation