Global Automotive Battery Thermal Management System Market: Trending in 2021
New York, NY 3 June 2021: The worldwide Automotive Battery Thermal Management System Market is anticipated to reach around USD 5.4 billion by 2026, according to a new research published by Polaris Market Research. The passenger car dominated the global Automotive Battery Thermal Management System market in 2017. In 2017, Asia-Pacific accounted for the majority share in the global automotive battery thermal management system market.
The significant increase in demand for electric vehicles, and rising need to improve battery performance and efficiency of electric vehicles boosts the demand for automotive battery thermal management system. The awareness regarding use of electric vehicles has increased significantly, especially in the Asia-Pacific region. The increasing awareness among consumers regarding use of eco-friendly vehicles coupled with rising adoption of advanced Lithium-Ion batteries fuels the growth of the automotive battery thermal management system market. New emerging markets, emerging consumer demographics, and stringent government regulations would provide growth opportunities for automotive battery thermal management system market in the coming years.
Request For Sample Copy @ https://www.polarismarketresearch.com/industry-analysis/automotive-battery-thermal-management-system-market/request-for-sample
In 2017, Asia-Pacific accounted for the highest share in the global automotive battery thermal management system market. The growing demand for electric vehicles in the region, established automotive industry, and technological advancements would accelerate the demand for automotive battery thermal management system systems during the forecast period. The governments in the region have introduced stringent regulations regarding vehicular emissions, and are offering subsidies and tax exemptions on purchase of electric vehicles, thereby fueling the growth of the market. The increasing economic growth, and increasing demand from countries such as China and India further increase the adoption of automotive battery thermal management systems in the region.
The companies operating in the automotive battery thermal management systems include Robert Bosch GmbH, Dana Incorporated, LG Chem., Calsonic Kansei Corporation, Continental AG, Gentherm Incorporated, VOSS Automotive, CapTherm Systems, Hanon Systems, and Mahle Behr GmbH. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
To get Incredible Discounts on this Premium Report, Click At: https://www.polarismarketresearch.com/industry-analysis/automotive-battery-thermal-management-system-market/request-for-discount-pricing
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.
Contact Us:
Polaris Market Research
Phone: 1–646–568–9980
Email: [email protected]
