January 24, 2020

Automotive Natural Gas Vehicle Market 2020 Industry Research Report

Market research future published a half cooked research report on Global Vehicle battery thermal management system market. The Automotive Battery Thermal Management System market is expected to grow over the CAGR of around 16% during the period of 2017 to 2023.

Market Highlights:

Automotive industry has transformed from gasoline propelled vehicle to electric driven vehicle. In modern era, industry experts are concerned over the rising price of crude oil and depletion of oil reserves. In order to find a sustainable alternative powertrain technology, automakers have developed electric vehicles to remain competitive in market. Since, the battery management system is an important aspect of electric driven vehicle. There are various components, such as rechargeable battery, electronic control unit, data storage, and serial communication, involved in the integration of battery management system. The factors that are responsible for the growth of automotive battery thermal management system market during the forecast period are rise in awareness of electric vehicles, government initiatives in tax exemption, investment in charging infrastructure, and subsidies offered to purchase electric vehicles. Original Equipment Manufacturers (OEM) are developing cost effective and light weight battery thermal management systems, which can improve the overall performance of the vehicle. The market for automotive battery thermal management system is projected to grow at 16% CAGR during the forecast period.

On the basis of region, the market is segmented into America, Asia Pacific, Europe, and Rest of the World. In Asia Pacific region, there is an increase in the production of electric passenger vehicles in countries such as China and Japan. In electric vehicles, the automakers tend to manufacture energy efficient technology in order to minimize the heat dissipation. This growing demand for energy efficient technology in newer vehicles will result in the growing demand for battery thermal management system in vehicles. The growing demand for passenger vehicles with upgraded battery system will boost the overall market of battery thermal management system. This will drive the market in Asia Pacific region. In America, there are few players, such as Tesla, which are constantly investing on electric driven vehicles. Manufacturers are facing different challenges in terms of operating performance, such as low efficiency, shorter lifespan, high cost, and higher scrap rates of batteries. However, potential investment made by automotive component manufacturers is shifted towards the Asia Pacific region, including China and Japan. Japanese electric cars cover the larger market in America. The highest selling car in America is the Nissan Leaf, followed by Chevrolet Volt, Tesla Model S, and Toyota Prius Plug-in. The rise of Chinese and Japanese electric manufacturers, such as BYD, Nissan, Mitsubishi, and BAIC Motor Corp, has boosted the development of automotive battery management thermal system.

Table Of Contents

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis


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