Battery Thermal Management System Market for Mobility and Consumer Electronics to Reach $31.13 Billion by 2031 - BIS Research Study
The study projects the market to grow at a CAGR of 23.07% between 2022 and 2031
FREMONT, Calif., Sept. 6, 2022 /PRNewswire/ -- BIS Research, the global leader in providing market intelligence on deep technologies, has released its latest study titled Battery Thermal Management System Market for Mobility and Consumer Electronics - A Global and Regional Analysis.
According to this study, the market size of the global battery thermal management system market for mobility and consumer electronics was $4.46 billion in 2021 and is projected to reach $31.13 billion by 2031.
The following factors are responsible for the increase in demand for battery thermal management system for mobility and consumer electronics:
- Rising demand for electric vehicles (EVs)
- Increasing stringent government regulations
The detailed study is a compilation of 125 market data tables and 39 figures spread through 226 pages.
Check out the detailed table of content here à
https://bisresearch.com/requestsample?id=1354&type=toc
Analyst's Take on the Market Projection
According to Sanyam Tetarwal, Lead Analyst, BIS Research, "The battery thermal management system market for mobility and consumer electronics is growing due to increasing demand for advanced solutions for emission reduction and protection from safety hazards. The rising demand for electric vehicles will provide growth in the battery thermal management system market for mobility segment. In contrast, the growing complexities in the integrity of the electronics system will hamper the consumer electronics battery thermal management system market growth in the future."
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Existing Competitive Landscape
The companies that are profiled have been selected based on primary research inputs gathered from a network of industry experts and analyzing company coverage, product portfolio, and market penetration.
Some of the prominent established names in this market are:
- 3M
- Robert Bosch GmbH
- Valeo
- Mahle GmbH
- SAMSUNG SDI CO., LTD.
- BorgWarner Inc.
- VOSS Automotive GmbH
- Denso Corporation
- Hanon Systems
- Grayson Thermal Systems
- Polymer Science, Inc.
- LG Chem.
- Gentherm Incorporated
- Continental AG
- Calogy Solutions
- Carrar
- Amionx
Recent Developments in the Global Battery Thermal Management System Market for Mobility And Consumer Electronics
- In March 2022, Hanon Systems expanded its thermal management production by launching a new facility in Hubei, China. The plant would focus on developing heating, ventilation, and air conditioning (HVAC) modules for electric vehicles.
- In February 2021, Mahle GmbH acquired Keihin Corporation's thermal management business in Thailand, Japan, and the U.S.
Mobility to Edge Over Consumer Electronics as the Leading Application
The major objective of having a battery thermal management system is to prevent accelerated battery deterioration by managing the heat generated by its components for continuous operation at optimum temperature.
According to the latest study by BIS Research, it is the application of batter thermal management system in the mobility segment that is expected to lead the market.
As per the study, the mobility segment dominated the battery thermal management system market for mobility and consumer electronics in 2021 and was the largest segment due to the rising sales of electric vehicles across the globe.
Why Should You Buy The Report?
This exclusive report on the global battery thermal management system market for mobility and consumer electronics will help in the following ways:
- Market ranking analysis based on product portfolio, recent developments, and regional spread
- The analysis of key start-ups and patents analysis across the region.
Request a FREE sample of this report here à
https://bisresearch.com/requestsample?id=1354&type=download
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About BIS Research:
BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals.
Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.
BIS Research offers syndicate as well as custom studies and expert consultations to firms, providing them with specific and actionable insights on novel technology markets, business models, and competitive landscape.
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