US $10.25 Billion Growth in Electric Vehicle Battery Thermal

NEW YORK, Nov. 24, 2021 /PRNewswire/ — The increasing demand for EVs and their expanded applications will offer immense growth opportunities.

The report provides valuable insights on the key drivers, which will help companies evaluate their business approaches- Request a free sample report

The electric vehicle battery thermal management system (EV BTMS) market is poised to grow by USD 10.25 billion between 2020 and 2025, according to Technavio. The market is fragmented, and the degree of fragmentation will decelerate during the forecast period.

Dana Inc., DOBER, DuPont de Nemours Inc, Gentherm Inc., Infineon Technologies AG, MAHLE GmbH, Renesas Electronics Corp., Robert Bosch GmbH, Texas Instruments Inc., and Valeo SA are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

EV BTMS Market 2021-2025: Key Driver
One of the key factors driving growth in the electric vehicle battery thermal management system (EV BTMS) market is the increasing demand for EVs and their expanded applications. The electric vehicle battery thermal management system (EV BTMS) market is directly driven by the growing sales of BEVs and PHEVs. Factors such as advances in electric vehicle technologies, improvements in charging infrastructure, and improving socio-economic conditions are expected to fuel the demand for BEVs. The drastically amplified workload on EV batteries has increased the demand for a BTMS solution that enables a wider operating temperature range, enhanced battery lifespan, and increased range of EVs.

EV BTMS Market 2021-2025: Segmentation

Learn more about the additional trends impacting the future of the market and the positive and negative consequences on the businesses. Download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43336

Story continues

EV BTMS Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our EV BTMS market report covers the following areas:

This study identifies BTMS integrated with Thermal Management Systems (TMS) of other electric drive components as one of the key trends of the market.

EV BTMS Market 2021-2025: Market Analysis
Our research analysts have studied the historical data and deduced the key market drivers of the electric vehicle battery thermal management system (EV BTMS) industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Subscribe to our “Lite Plan” billed annually at USD 3000 that enables to download 3 reports/year and view 3 reports/month.

EV BTMS Market 2021-2025: Key Highlights

• CAGR of the market…