Opportunities, business strategies, current and future trends, top start-ups, ecosystem/ongoing programs

DUBLIN, November 1, 2022 /PRNewswire/ — The “Battery Thermal Management Systems for Mobility and Consumer Electronics Market – A Global and Regional Analysis: Focus on Application, Type, Battery Type, Technology and Region – Analysis and Forecast, 2022-2031″ report has been added to from ResearchAndMarkets.com offer.

Research and Markets Logo

The market for battery thermal management systems for mobility and consumer electronics has been 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 by 2031.

The growth of the automotive battery thermal management systems market is expected to be driven by the growing demand for electric vehicles globally. Additionally, increasing design complexities driving up prices are the major restraining factors in the industry.

The market for battery thermal management systems for mobility and consumer electronics is in the development phase. Growing demand for lithium-ion batteries in electronic devices, electric vehicles, and other consumer electronics is expected to drive the battery thermal management market for mobility and consumer electronics. Additionally, the lack of standardization process for consumer electronic battery thermal management system is hampering the market growth.

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

The increasing focus on safety risk prevention offers significant growth opportunities for the market for battery thermal management systems for mobility and consumer electronics.

Impact of COVID-19

The impact of COVID-19 on the market for battery thermal management systems for mobility and consumer electronics has been severe. In addition, due to a temporary shutdown of manufacturing units in different regions of the world, the production volume has decreased. However, with the opening of markets and the increase in operations of original equipment manufacturers (OEMs), the market is expected to gain momentum.

Market segmentation

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

Mobility battery thermal management systems are used to keep automotive batteries within operating temperature range. The system is essential for the safety of the batteries because it reduces the excessive heat generated by the batteries and favors the evacuation of the heat in the environment.

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

The major increase is due to the battery’s higher efficiency in maintaining system temperature. Recently, the rise in power of cell immersion has increased and solicited the interests of industrialists, contributing to the growth of the market for active battery thermal management systems for mobility and consumer electronics.

The liquid cooling and heating segment held the majority share in the market for battery thermal management systems for mobility and consumer electronics (by technology) in 2021, as it uses pumped liquid to remove energy heat generated inside the battery pack. It offers superior thermal application compared to other technologies as it is suitable for both rectangular prismatic cells and pocket cells.

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

Some major batteries in the conventional battery segments are lead-acid, nickel-based, lithium-ion batteries, and many others. Growing demand for lithium-ion batteries is contributing significantly to the dominant share of conventional battery segment in the market and is expected to propel the growth of the segment over the forecast period 2022-2031.

China The region dominates the market for battery thermal management systems for mobility and consumer electronics owing to the presence of a large electric vehicle industry, major industry players across the entire supply chain. supply and a rapidly developing economy.

Recent developments in the global market for battery thermal management systems for mobility and consumer electronics

  • In March 2022Hanon Systems has expanded its thermal management production by launching a new factory in Hubei, China. The plant would focus on the development of heating, ventilation and air conditioning (HVAC) modules for electric vehicles.

  • In February 2021Mahle GmbH acquired the thermal management business of Keihin Corporation in Thailand, Japanand the United States

Key Market Players and Competition Summary

The companies profiled have been selected based on information gathered from leading experts and analysis of company coverage, product portfolio and market penetration.

Some important established names in this market are:

  • 3M

  • Robert Bosch GmbH

  • Valeo

  • Mahle GmbH

  • SAMSUNG SDI CO., LTD.

  • BorgWarner Inc.

  • VOSS Automotive GmbH

  • Denso Company

  • Hanon Systems

  • Grayson thermal systems

  • Polymer Science, Inc.

  • LG Chemistry

  • Gentherm Incorporated

  • Continental AG

  • Calogy Solutions

  • Carrara

  • Amionx

Main topics covered:

1 Markets
1.1 Industry Outlook
1.1.1 Trends: current and future
1.1.1.1 Growing Battery Thermal Management Technology
1.1.1.2 Increase government activities for low-carbon infrastructure
1.1.1.3 Reduction in the cost of renewable energies
1.1.2 Supply Chain/MAP Network
1.1.3 Ecosystem/Ongoing Programs
1.1.3.1 Consortia and Associations
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 startup landscape
1.1.4.1 Key ecosystem start-ups
1.1.4.2 Funding analysis
1.1.5 Impact of COVID-19 on the Battery Thermal Management Systems for Mobility and Consumer Electronics Market
1.1.6 Impact of Ukraine-Russia Conflict on Battery Thermal Management Systems for Mobility and Consumer Electronics Market
1.1.7 Electric Vehicle Market Overview
1.1.7.1 Leading countries
1.1.7.2 Leading companies
1.1.7.3 Main results
1.1.7.4 Global Electric Vehicle Market Projection for the Forecast Period
1.2 Commercial dynamics
1.2.1 Commercial factors
1.2.1.1 Growing demand for electric vehicles (EVs)
1.2.1.2 Reinforcement of strict government regulations
1.2.1.3 Growing Demand for Consumer Electronics
1.2.2 Business challenges
1.2.2.1 Great 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 Business Strategies
1.2.4.1 Mergers and acquisitions
1.2.4.2 Partnerships and joint ventures
1.2.4.3 Collaborations and alliances
1.2.5 Business Opportunities
1.2.5.1 Growing energy needs for utility vehicles
1.2.5.2 Growing Demand for Lithium-Ion Batteries
1.2.5.3 Growing Applications of Battery Thermal Management System

2 Application
2.1 Mobility and Consumer Electronics Battery Thermal Management System Market (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 Wearables
2.1.2.4 Others
2.2 Mobility and Consumer Electronics Battery Thermal Management System Market Demand Analysis (by Application), USD Million, 2021-2031

3 Products
3.1 Mobility and Consumer Electronics Battery Thermal Management System Market (By Product)
3.2 Mobility and Consumer Electronics Battery Thermal Management System Market (by Type)
3.2.1 Active
3.2.2 Passive
3.2.3 Hybrid
3.3 Mobility and Consumer Electronics Battery Thermal Management System Market Demand Analysis (by Type), USD Million, 2021-2031
3.4 Mobility and Consumer Electronics Battery Thermal Management System Market (By Battery Type)
3.4.1 Conventional batteries
3.4.2 Solid state batteries
3.5 Mobility and Consumer Electronics Battery Thermal Management System Market Demand Analysis (by Battery Type), USD Million, 2021-2031
3.6 Mobility and Consumer Electronics Battery Thermal Management System Market (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 Mobility and Consumer Electronics Battery Thermal Management System Market Demand Analysis (by Technology), USD Million, 2021- 2031
3.8 Product Benchmarking: Growth Rate – Market Share Matrix, 2021
3.9 Patent Analysis

4 Region

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

Media Contact:

Research and Markets
Laura Woodsenior
[email protected]

For EST office hours, call +1-917-300-0470
For USA/CAN call toll free +1-800-526-8630
For GMT office hours call +353-1-416-8900

US Fax: 646-607-1907
Fax (outside the US): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

Quote

Quote

Show original content:https://www.prnewswire.com/news-releases/global-mobility-and-consumer-electronics-battery-thermal-management-system-markets-2022-2031-opportunities-business-strategies-current-and-future- key-trends-start-ups-ecosystem-ongoing-programs-301665157.html

SOURCE Research and Markets

Comments are closed.