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Opportunities, Business Strategies, Current & Future Trends, Major Start-ups, Ecosystem / Ongoing Events

Opportunities, Business Strategies, Current & Future Trends, Major Start-ups, Ecosystem / Ongoing Events

Opportunities, Business Strategies, Current & Future Trends, Major Start-ups, Ecosystem / Ongoing Events

Dublin, November 1, 2022 /PRNewswire/ — The “Battery Thermal Management System Market for Mobility and Consumer Electronics – A Global and Regional Analysis: Focus on Application, Type, Battery Type, Technology and Region – Analysis and Forecast, 2022-2031” report has been added ResearchAndMarkets.com’s Presentation.

Opportunities, Business Strategies, Current & Future Trends, Major Start-ups, Ecosystem / Ongoing Events

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The battery thermal management system market for mobility and consumer electronics was estimated at $4,462.47 million In 2021, which is expected to grow with a CAGR of 23.07% and reach $31,130.01 million till 2031.

The growth in the Automotive Battery Thermal Management System Market is expected to be driven by the increasing demand for Electric Vehicles across the globe. Furthermore, increasing design complexities due to rising prices are the major restraining factor in the industry.

The battery thermal management system market for mobility and consumer electronics is in a developing stage. The increasing demand for lithium-ion batteries in electronic devices, electric vehicles and other consumer electronic devices is expected to boost the battery thermal management market for mobility and consumer electronics. Moreover, the lack of standardization process for consumer electronics battery thermal management system is hindering the growth of the market.

Battery thermal management systems are devices that are responsible for managing heat dissipation during electrochemical processes in cells, leading to efficient and safe use of batteries. The main objective of the system is to prevent accelerated battery wear by managing the heat generated by its components for continuous operation at optimum temperatures.

The focus on preventing security threats offers significant growth opportunities for the battery thermal management system market for mobility and consumer electronics.

impact of COVID-19

The impact of COVID-19 on the battery thermal management system market for mobility and consumer electronics was severe. In addition, due to the temporary closure of manufacturing units in various regions of the world, there has been a decline in the volume of production. However, with markets opening up and increasing operations by Original Equipment Manufacturers (OEMs), the market is expected to pick up.

market segmentation

The mobility segment dominated the battery thermal management system market for mobility and consumer electronics (by application) in 2021 and was the largest segment due to increasing sales of electric vehicles worldwide.

Mobility Battery Thermal Management Systems are used in automobiles to keep batteries within an operative range of temperatures. This system is of paramount importance to battery safety as it reduces the excessive heat generated by the batteries and promotes the flow of heat into the environment.

The active segment dominated the battery thermal management system market for mobility and consumer electronics (by type) in 2021 and was the largest segment due to rising demand from end-use industries such as automotive and consumer electronics.

The major increase is seen due to the higher battery efficiency to maintain the system temperature. Recently, the growth in immersion cells is increasing and is seeking the interest of industrialists, helping in the growth of the active battery thermal management system market for mobility and consumer electronics.

The liquid cooling and heating segment had a majority share in the battery thermal management system market for mobility and consumer electronics (by technology) in 2021 as it uses pumped liquid to remove the thermal energy generated inside the battery pack. It provides better thermal enforcement than other techniques as it is suitable for both rectangular prismatic and pouch cells.

The conventional battery segment held the majority share in the battery thermal management system market for mobility and consumer electronics (by battery type) in 2021. Conventional batteries used in electric vehicles have a flooded electrolyte and are highly accessible at a low cost.

Some of the major batteries under the conventional battery segment are lead-acid-based, nickel-based batteries, lithium-ion batteries and many others. The growing demand for Lithium-ion batteries is contributing significantly to the major share of the conventional battery segment in the market and is expected to drive the growth of the segment during the forecast period 2022-2031.

China The sector dominates the battery thermal management system market for mobility and consumer electronics due to the presence of a large electric vehicle industry, leading industry players in the supply chain, and a rapidly developing economy.

Recent Developments in the Global Battery Thermal Management System Market for Mobility and Consumer Electronics

  • In March 2022Hanon Systems expands its thermal management production by opening a new facility in Hubei, China, The plant will focus on developing heating, ventilation and air conditioning (HVAC) modules for electric vehicles.

  • In February 2021Mahle GmbH acquires Keihin Corporation’s thermal management business Thailand, Japanand the US

Major Market Players and Competition Summary

The companies that have been profiled have been selected on the basis of inputs gathered from primary experts and analysis of company coverage, product portfolio and market penetration.

Some of the prominent names established in this market are:

  • 3M

  • Robert Bosch GmbH

  • Valio

  • Mahle GmbH

  • SAMSUNG SDI CO., LTD.

  • BorgWarner Inc.

  • VOSS Automotive GmbH

  • Denso Corporation

  • Hanon Systems

  • Grayson Thermal Systems

  • Polymer Science, Inc.

  • LG Chemicals

  • Gentherm Included

  • Continental Ag

  • Calleegee Solutions

  • carrara

  • amionx

Major topics covered:

1 market
1.1 Industry Outlook
1.1.1 Trends: Present and Future
1.1.1.1 Rising Battery Thermal Management Technology
1.1.1.2 Promoting Government Activities towards Low-Carbon Infrastructure
1.1.1.3 Decreasing Cost of Renewable Energy
1.1.2 Supply Chain Network/MAP
1.1.3 Ecosystem / Ongoing Programs
1.1.3.1 Unions and Unions
1.1.3.2 Regulatory Bodies
1.1.3.3 Government Programs
1.1.3.4 Programs by Research Institutes and Universities
1.1.4 Key Start-up Landscape
1.1.4.1 Major Start-ups in the Ecosystem
1.1.4.2 Funding Analysis
1.1.5 Impact of COVID-19 on the Battery Thermal Management System Market for Mobility and Consumer Electronics
1.1.6 Impact of Ukraine-Russia conflict on battery thermal management system market for mobility and consumer electronics
1.1.7 Snapshot of the Electric Vehicle Market
1.1.7.1 Leading Countries
1.1.7.2 Leading Companies
1.1.7.3 Major Conclusions
1.1.7.4 Global Electric Vehicle Market Forecast for the Forecast Period
1.2 Business Dynamics
1.2.1 Business Driver
1.2.1.1 Growing Demand for Electric Vehicles (EVs)
1.2.1.2 Enhancing Stringent Government Regulations
1.2.1.3 Growing Demand for Consumer Electronics
1.2.2 Business Challenges
1.2.2.1 Higher design complexities with new systems
1.2.2.2 Expensive Battery Thermal Management System Technology
1.2.3 Business Strategies
1.2.3.1 Product Development
1.2.3.2 Market Development
1.2.4 Corporate Strategies
1.2.4.1 Mergers and Acquisitions
1.2.4.2 Partnerships and Joint Ventures
1.2.4.3 Cooperation and Alliance
1.2.5 Business Opportunities
1.2.5.1 Rising Energy Requirements for Commercial Vehicles
1.2.5.2 Growing Demand for Lithium-Ion Batteries
1.2.5.3 Growing Applications of Battery Thermal Management Systems

2 applications
2.1 Battery Thermal Management Systems Market for Mobility and Consumer Electronics (by Application)
2.1.1 Mobility
2.1.1.1 Passenger Vehicles
2.1.1.2 Commercial Vehicles
2.1.2 Consumer Electronics
2.1.2.1 Mobile Phones
2.1.2.2 Laptops and Tablets
2.1.2.3 Wearable
2.1.2.4 Others
2.2 Demand Analysis of the Battery Thermal Management System Market for Mobility and Consumer Electronics (by Application), $Million, 2021-2031

3 products
3.1 Battery Thermal Management System Market (by Product) for Mobility and Consumer Electronics
3.2 Battery Thermal Management System Market (By Type) for Mobility and Consumer Electronics
3.2.1 Active
3.2.2 Inactive
3.2.3 Hybrid
3.3 Demand Analysis of the Battery Thermal Management System Market for Mobility and Consumer Electronics (by type), $Million, 2021-2031
3.4 Battery Thermal Management System Market for Mobility and Consumer Electronics (By Battery Type)
3.4.1 Conventional Battery
3.4.2 Solid-State Battery
3.5 Demand Analysis of the Battery Thermal Management System Market for Mobility and Consumer Electronics (by Battery Type), $Million, 2021-2031
3.6 Battery Thermal Management System Market for Mobility and Consumer Electronics (By Technology)
3.6.1 Air Cooling and Heating
3.6.2 Liquid Cooling and Heating
3.6.3 Refrigerant Cooling and Heating
3.6.4 Other Technologies
3.7 Demand Analysis of the Battery Thermal Management System Market for Mobility and Consumer Electronics (By Technology), $Million, 2021-2031
3.8 Product Benchmarking: Growth Rate – Market Share Matrix, 2021
3.9 Patent Analysis

4 zones

For more information about this report, visit https://www.researchandmarkets.com/r/jg7vol

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