The Global Automotive Battery Thermal Management System Market is expected to grow with a CAGR of 23.3% in the forecast period of 2023 to 2030. The years considered for the study are as mentioned below.
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The global automotive battery thermal management system market is a highly consolidated market, which includes a specific number of key players. The market has witnessed increased strategic developments owing to a favorable market scenario.
The major players in the global automotive battery thermal management system market are introducing a strong range of products provider, launching new products, and adopting strategic initiatives such as acquisition, agreement, business expansion, awards, and recognition into the market. This helped companies to maximize sales with an enhanced product portfolio.
For instance,
- In October 2020, DENSO Corporation announced that they had developed a new battery-monitoring Integrated Circuit (IC) for lithium-ion batteries. The new IC helps in improving fuel efficiency and extends the driving range of electric and hybrid vehicles. Also, it helps to detect battery voltage while monitoring multiple cells. Thus, the company is expanding its portfolio in the market.
Robert Bosch GmbH is the dominating player in the global automotive battery thermal management system market. Some other key players existing in the market are Panasonic Holdings Corporation, Dana Limited, Hanon Systems, STMicroelectronics, Renesas Electronics Corporation, MAHLE GmbH, Infineon Technologies AG, VALEO, DENSO CORPORATION, LG Energy Solution, SAMSUNG SDI CO., LTD., Grayson Thermal Systems, Orion BMS, LEM International SA, VOSS Automotive GmbH, Continental AG, GENTHERM, Sensata Technologies, Inc, and MODINE MANUFACTURING COMPANY among others.
Robert Bosch GmbH
Robert Bosch GmbH was founded in 1886, with headquarters in Gerlingen, Germany. It has public ownership. The company focuses on designing innovative solutions for smart mobility. The company has business segments such as mobility solutions, industrial technology, consumer goods, energy and building technology, in which mobility solutions is the market-focused segment. The company has product categories which are exhaust-gas treatment, actuators, powertrain, assistance systems, automated driving, batteries, displays, electric motors, electronic components, development services, driving safety, vehicle computer, transmission technology, glow, injectors, infotainment, interior, fuel distribution, camera, power electronics, air quality solutions, air management, charging, steering, parking, pumps, sensors, software and services, connectors, control units, thermal management, valves, wipers, connectivity, and ignition, in which thermal management is the market-focused category.
For instance,
- In January 2022, Robert Bosch GmbH announced they partnered with the Volkswagen Group. Together companies have planned to supply integrated battery production systems, on-site ramp-up, and maintenance support for battery-cell and battery-systems manufacturers. Thus, the company is exploring industrial-scale solutions for battery manufacturing in Europe.
The company has a wide presence across North America, South America, Europe, and Asia-Pacific. The company has subsidiaries such as Bosch Rexroth A/S, (Hvidovre), BSH Hvidevarer A/S (Ballerup), Holger Christiansen A/S (Esbjerg), Robert Bosch A/S (Ballerup), Bosch Rexroth Oy (Vantaa), and BSH Kodinkoneet Oy (Helsinki) among others.
Valeo
Valeo was founded in 1923, with headquarters in Paris, France. It has public ownership. The company focuses on designing automotive components and focusing on four key domains, which are electrification, advanced driver assistance systems, reinventing interior experience, and lighting. The company has business segments such as comfort & driving assistance systems, powertrain systems, thermal systems, and visibility systems, in which thermal systems is the market-focused segment. The company has product categories which are comfort and driving assistance systems, powertrain systems, thermal systems, visibility systems, Valeo service, and heavy commercial vehicles, in which thermal system is the market-focused category.
For instance,
- In May 2018, Valeo announced the launch of its new thermal management solution at the 15th Beijing International Automotive Exhibition, Auto China 2018. This new solution will help electric vehicles go the extra mile and there to last batteries longer. Also, the solution can increase an electric vehicle’s range by up to 30% in winter and up to 20% in summer. Thus, the company has come up with an advanced thermal solution for EVs.
The company has a wide presence across North America, South America, Europe, the Middle East and Africa, and Asia-Pacific. The company has subsidiaries such as AbleVets LLC (Virginia), Cerner Belgium (Belgium), Cerner Campus Redevelopment Corporation (Missouri), Cerner Canada Limited LLC (Delaware), and Cerner Canada ULC (Canada) among others.
DENSO Corporation
DENSO Corporation was founded in 1949, with headquarters in Aichi, Japan. It has public ownership. The company is the world's largest automotive supplier of technology and components in almost all vehicles. The company has business segments such as electrification systems, powertrain systems, thermal systems, mobility systems, sensor systems & semiconductors, industrial solutions, and food value chain, in which thermal systems is the market-focused segment. The company has product categories such as mobility and other industries in which mobility is the market-focused category.
For instance,
- In February 2021, DENSO Corporation announced they participate as a major sponsor in the Next Mobility Hackathon. It is an event conducted by the Italian Association of the Automotive Industry (ANFIA), specializing in concept design, modeling, engineering, and testing special vehicles. The event is for young and talented students from Italian universities and design schools. Thus, the company is enhancing its brand image in the market.
The company has a wide presence across Europe, Asia-Pacific, and North America. The company has subsidiaries such as Toyota (Japan), Denso Wave (Japan), Denso Techno Co., Ltd. (Japan), Denso Ten (Japan), and HAMANAKODENSO CO., LTD. (Japan) among others.
