The major players in the battery thermal management system market include Hanon Systems, Gentherm, Continental AG, LG Chem, Samsung SDI, Valeo, Calsonic Kansei, DANA, Mahle, VOSS Automotive. The stringent CO2 emission regulations by the government have boosted the demand for electric vehicles, resulting in the growing demand for BTMS. Moreover, rapidly changing global climate and increased environmental concerns are demanding zero-emission vehicles leading to requirement of proper battery management systems. Consequently, the increasing demand for electric vehicles is supporting the global battery thermal management system market.
The entire battery thermal management system market has been sub-categorized into propulsion and vehicle type. This section covers regional segmentation which accentuates on current and future demand for battery thermal management system market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
By Propulsion
- PHEV
- HEV
- FCV
- BEV
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
Source: https://www.valuemarketresearch.com/report/battery-thermal-management-system-btms-market
Naira Shekhawat has been into Content Writing just after completing her Graduation in English Literature. Her love for words has won her many accolades in her respective jobs ever since. Naira covers business sections for VMR News. She is a traveller by heart and loves writing on food blogs as a freelancer.