Battery Thermal Management System Market Size, ...

Dec. 16, 2024

Battery Thermal Management System Market Size, ...

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The Battery Thermal Management System Market Size is valued at USD 3.27 Bn in and is predicted to reach USD 9.05 Bn by the year at an 13.8% CAGR during the forecast period for -.

Battery Thermal Management System (BTMS) is one of the most major components in both electric vehicles and energy storage systems. It ensures the temperature of the pack is within the operating range. From the concept, the main tasks include cooling, heating, insulation, and ventilation that keep the battery within the optimum operating temperature range-typically between 20-45°C. The main fields of BTMS applications are electric vehicles, where it maintains a lithium-ion battery's operability within a narrow temperature range, usually from 20°C to 45°C, for efficient operation. Performing this task, BTMS offers several advantages: increased performance, prolonged battery life, and prevention of thermal runaway with hazardous possible consequences such as an outbreak of fire or even an explosion. The major field of BTMS application is stationary energy storage systems-a very prospective field-which accumulate energy from renewable sources.

BTMS controls thermal conditions for these battery packs so that these systems can work efficiently and safely for maximum storage of energy and a long life. The Battery Thermal Management System market may reach new levels due to one of the major driving factors: growing electric vehicle acceptance. Since the demand for electric vehicles is consistently rising-impelled by concerns with the environment, lower operational costs, and attractive incentives from governments across the globe-the need for high-performance batteries has increasingly spread. The prime importance of Battery Thermal Management Systems lies in keeping electric vehicle batteries within their optimum operating temperatures under a wide range of conditions for both performance and safety reasons.

Competitive Landscape

Some of the Key Players in Battery Thermal Management System Market:

3M
BorgWarner Inc.
Continental AG
ContiTech Deutschland GmbH
Dana Limited
Denso
Gentherm
Grayson Thermal Systems
Hanon Systems
LG Chem
Mahle Gmbh
Modine Manufacturing Company
Robert Bosch
Valeo
VOSS Automotive, Inc
Webasto Group
Other Prominent Players

Market Segmentation:

The battery thermal management system market is segmented by vehicle type, battery type, propulsion type, battery capacity, offering, technology. By vehicle type the market is segmented into passenger vehicles, commercial vehicles. by battery type market is categorized into li-ion, solid state. By propulsion type the market is categorized into battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV), hybrid electric vehicle (HEV). By battery capacity market is segmented into 500 KWH. By offering market is segmented into BTMS with battery, BTMS without battery. By technology market is segmented into active technology, passive technology, and hybrid technology.

Lithium-Ion Batteries Segment Is Expected To Drive The Battery Thermal Management System Market

The increasing demand for electric vehicle is driving demand for the BTMS to ensure optimal battery system and performance. Lithium-ion batteries are widely used in electric vehicle for their efficiency. Electric vehicles are temperature-sensitive and require effective thermal management and lithium-ion batteries can meet these needs. Innovations in battery technology, such as improved cathode chemistry and higher energy densities, further heighten the need for advanced BTMS to meet evolving performance demands.

Active technology is Growing at the Highest Rate in the Battery Thermal Management System Market.

Active technology is driving the growth of the battery thermal management system (BTMS) market due to its superior ability to manage battery temperatures in electric vehicles (EVs) and other high-performance applications. Utilizing mechanical systems like pumps and fans, active BTMS ensures precise and responsive temperature control, crucial for preventing overheating and extending battery life. With rising EV demand and technological advancements in liquid and immersion cooling, active systems are becoming essential for handling higher thermal loads and delivering reliable performance during rapid charging and high-energy use.

Regionally, Asia Pacific Led the Battery Thermal Management System Market.

The regional segment leading the battery thermal management system market is Asia Pacific. In this region, countries like China, Japan, and South Korea are experiencing rapid sales in electric vehicles. China holds the world's largest market for electric vehicles, and this increases demand for an efficient thermal management solution for batteries. It is a region where many governments are putting in place supportive policies, giving tax breaks and subsidies to support the rapid diffusion of electric vehicles. The region is also home to several automotive leaders and battery suppliers, including LG Chem, Hanon Systems, and Samsung SDI, among others. Companies participating in this industry give huge importance to research and development for the advancement of technology related to the battery and thermal management system, which, in turn, is acting as a further driver for market growth.

Battery Thermal Management System Market Report Scope

Report Attribute

Specifications

Market Size Value In

USD 3.27 Bn

Revenue Forecast In

USD 9.05 Bn

Growth Rate CAGR

CAGR of 13.8 % from to

Quantitative Units

Representation of revenue in US$ Bn and CAGR from to

Historic Year

Forecast Year

Report Coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments Covered

By Vehicle Type, Battery Type, Propulsion Type, Battery Capacity, Offering, Technology

Regional Scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Are you interested in learning more about China battery thermal management system Manufacturer? Contact us today to secure an expert consultation!

Country Scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South Korea; Southeast Asia

Competitive Landscape

Robert Bosch, 3M, BorgWarner Inc., Gentherm, Continental AG, Denso, BorgWarner Inc., Webasto Group, Valeo, Mahle Gmbh, Hanon Systems and Other Market Players

Customization Scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Geographic competitive landscape.

Pricing and Available Payment Methods

Explore pricing alternatives that are customized to your particular study requirements.

How much CO2 is emitted by manufacturing batteries?

It depends exactly where and how the battery is made&#;but when it comes to clean technologies like electric cars and solar power, even the dirtiest batteries emit less CO2 than using no battery at all.

Updated July 15,

Lithium-ion batteries are a popular power source for clean technologies like electric vehicles, due to the amount of energy they can store in a small space, charging capabilities, and ability to remain effective after hundreds, or even thousands, of charge cycles. These batteries are a crucial part of current efforts to replace gas-powered cars that emit CO2 and other greenhouse gases. These same capabilities also make these batteries good candidates for energy storage for the electric grid. However, that does come with a cost, as the manufacturing process of the batteries and their components emits CO2, among other environmental and social concerns.

The production process

Producing lithium-ion batteries for electric vehicles is more material-intensive than producing traditional combustion engines, and the demand for battery materials is rising, explains Yang Shao-Horn, JR East Professor of Engineering in the MIT Departments of Mechanical Engineering and Materials Science and Engineering. Currently, most lithium is extracted from hard rock mines or underground brine reservoirs, and much of the energy used to extract and process it comes from CO2-emitting fossil fuels. Particularly in hard rock mining, for every tonne of mined lithium, 15 tonnes of CO2 are emitted into the air.

Battery materials come with other costs, too. Mining raw materials like lithium, cobalt, and nickel is labor-intensive, requires chemicals and enormous amounts of water&#;frequently from areas where water is scarce&#;and can leave contaminants and toxic waste behind. 60% of the world&#;s cobalt comes from the Democratic Republic of the Congo, where questions about human rights violations such as child labor continue to arise.

Manufacturing also adds to these batteries&#; eco-footprint, Shao-Horn says. To synthesize the materials needed for production, heat between 800 to 1,000 degrees Celsius is needed&#;a temperature that can only cost-effectively be reached by burning fossil fuels, which again adds to CO2 emissions.

Exactly how much CO2 is emitted in the long process of making a battery can vary a lot depending on which materials are used, how they&#;re sourced, and what energy sources are used in manufacturing. The vast majority of lithium-ion batteries&#;about 77% of the world&#;s supply&#;are manufactured in China, where coal is the primary energy source. (Coal emits roughly twice the amount of greenhouse gases as natural gas, another fossil fuel that can be used in high-heat manufacturing.)

For illustration, the Tesla Model 3 holds an 80 kWh lithium-ion battery. CO2 emissions for manufacturing that battery would range between kg (almost two and a half metric tons) and 16,000 kg (16 metric tons).1 Just how much is one ton of CO2? As much as a typical gas-powered car emits in about 2,500 miles of driving&#;just about the same weight as a great white shark!

Researchers across the globe are trying to design new manufacturing processes or new battery chemistries that can work with more readily available, environmentally-friendly materials, but these technologies aren&#;t yet available on a wide scale. &#;If we don't change how we make materials, how we make chemicals, how we manufacture, everything will essentially stay the same,&#; Shao-Horn says.

Batteries&#; bigger impact

Despite the environmental footprint of manufacturing lithium-ion batteries, this technology is much more climate-friendly than the alternatives, Shao-Horn says.

In the United States, the electric grid (which is a mix of fossil fuels and low-carbon energy such as wind, solar, hydropower and nuclear power) is cleaner than burning gasoline, and so driving an electric car releases less CO2 than driving a gas-powered car. "An electric vehicle running on [electricity generated with] coal has the fuel economy equivalent in the order of about 50 to 60 miles per gallon equivalent,&#; says David Keith, a professor at the MIT Sloan School of Management who studies the emergence of new technologies in the automotive industry. &#;So the dirtiest electric vehicle looks something like our best gasoline vehicles that are available today."

And an electric vehicle running on electricity generated by hydropower, solar, wind or other low-carbon energy sources can be significantly cleaner. "In New England or the Pacific Northwest, the fuel economy equivalent of an EV is into the hundreds: 110-120 miles per gallon equivalent," says Keith.

When you add this up over hundreds of miles, even though the U.S. electric grid isn&#;t currently carbon-free and even when accounting for the initial emissions associated with manufacturing the battery, electric cars still emit less CO2 than gas-powered cars.2 This is a key feature, given that, within the United States, the transportation sector produces the largest share of greenhouse gas emissions&#;nearly one-third of the country&#;s total emissions.3

A second major environmental benefit these batteries could offer is energy grid stabilization, Shao-Horn adds. As the world moves towards renewable energy resources, like solar and wind power, demand grows for ways of storing and saving this energy. Using batteries to store solar and wind power when it&#;s plentiful can help solve one big problem of renewable energy&#;balancing oversupply and shortage when the weather isn&#;t ideal&#;making it much easier to switch from CO2-emitting fossil fuels.

&#;If we have more batteries, we would be able to increase load level and then use [renewable energy] when we have more demand,&#; she says.

Thank you to Xiaohong Gayden of Troy, Michigan for the question. You can submit your own question to Ask MIT Climate here.