Automotive Battery Thermal Management System Market By Propulsion (Hybrid Electric Vehicles (HEV), Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV)), By Capacity (<100 kWh, 100-200 kWh, 200-500 kWh, >500 kWh), By Battery Type (Conventional, Solid-State), By Vehicle Type (Passenger vehicles, Commercial vehicles), By Technology (Active, Passive), and By Region - Overall In-depth Analysis, Global Market Share, Top Trends, Professional & Technical Industry Insights 2024 - 2030

Automotive Battery Thermal Management System Market 2024

The global automotive battery thermal management system market was valued at $5200 million in 2023, and is projected to reach $19400 million by 2030, growing at a CAGR of 16.2% from 2024 to 2030.

Automotive Battery Thermal Management System Overview

An automotive battery thermal management system (BTMS) is a technology designed to regulate and control the temperature of a vehicle's battery pack. It is an essential component in electric vehicles (EVs) and hybrid electric vehicles (HEVs) that helps to optimize battery performance, efficiency, and lifespan.

The primary purpose of a BTMS is to maintain the battery within an optimal temperature range. Batteries are sensitive to temperature extremes, and their performance can be negatively affected if they operate outside the recommended temperature window. The BTMS ensures that the battery stays within this range, regardless of external conditions or battery usage.

Here are some key components and functions of an automotive battery thermal management system:

An automotive battery thermal management system incorporates various components and functions to maintain optimal battery temperature. It employs a cooling system, such as liquid or air cooling, to dissipate excess heat from the battery pack. A heating system is utilized in cold weather conditions to warm the battery cells. Temperature sensors strategically placed within the pack provide real-time data, allowing the thermal management controller to regulate the cooling and heating systems. Additionally, battery insulation minimizes heat loss and absorption. Together, these components ensure enhanced performance, extended battery life, safety, and adaptability to diverse weather conditions, optimizing the overall efficiency and reliability of electric vehicle batteries.

Benefits of an automotive battery thermal management system include:

An automotive battery thermal management system is essential for achieving enhanced performance, extended battery life, safety, and weather adaptability. By maintaining optimal battery temperature, the system ensures that the battery operates at its peak performance, delivering optimal power and energy output. This temperature regulation also prevents degradation and aging of battery cells, extending their lifespan. Moreover, the system prevents overheating, reducing the risk of malfunctions or fires, thereby enhancing safety. Additionally, the thermal management system enables electric vehicles to perform reliably in various weather conditions, from extreme heat to freezing cold, ensuring consistent efficiency and adaptability regardless of external temperatures.

The market for automotive battery thermal management systems has been witnessing significant growth in recent years, driven by the increasing adoption of electric vehicles (EVs) and the growing demand for advanced battery technologies. The global shift towards electrification and the need for improved battery performance and safety have propelled the market's expansion.

As the electric vehicle market continues to expand and battery technologies evolve, the demand for efficient and reliable automotive battery thermal management systems is expected to rise. Continued advancements in thermal management technologies and increased focus on battery safety will drive innovation in this market.

An automotive battery thermal management system plays a crucial role in optimizing the performance, longevity, and safety of electric vehicle batteries. It helps to overcome temperature-related challenges and ensures consistent and efficient operation of the vehicle's power source.

Report Description

This report is a comprehensive study providing a detailed analysis of the automotive battery thermal management system market. The report defines the product type of automotive battery thermal management system along with its application in various industry verticals with reference to various regions and major countries. Further, the study has identified and studied all the major players operating in the global automotive battery thermal management system market space and equated based on various parameters such as market revenue, annual sales volume, historical growth rate, and business strategies. Based on all these insights, the global automotive battery thermal management system market report recommends a business strategy for the current market participants to strengthen their market positions. Moreover, the report also suggests a market entry strategy for the new market entrants.

Furthermore, the automotive battery thermal management system market report has also identified the major vendors and distributors operating in all the major regions. This analysis and data is expected to help the market players to strengthen their market distribution channels and expand their geographical reach.

Automotive Battery Thermal Management System Market Strategic Analysis 

The automotive battery thermal management system market report has analyzed the market using various marketing tools such as Porter’s Five Forces Analysis, player positioning analysis, SWOT analysis, market share analysis, and value chain analysis. In Porter’s Five Forces analysis, the market dynamics and factors such as the threat of substitute for automotive battery thermal management system, threat of new entrants in the automotive battery thermal management system market, bargaining power of buyers, bargaining power of suppliers to automotive battery thermal management system providing companies, and internal rivalry among the automotive battery thermal management system providers are analyzed to provide the readers of the report with a detailed view of the market current dynamics.

This analysis helps the users of the report to evaluate the automotive battery thermal management system market based on various parameters such as economies of scale, switching costs, brand loyalty, existing distribution channels, capital investments, manufacturing rights & patents, government regulations, the impact of advertisements, and impact of consumer’s preferences. This all-summarized data is anticipated to help the key decision-makers of the industry in the decision-making process. Further, this analysis also answers the imperative question for new entrants to enter the automotive battery thermal management system market or not.

Automotive Battery Thermal Management System Market Key Trends Analysis

The report has analyzed the major factors which are impacting the growth of automotive battery thermal management system market. Driving factors that are positively impacting the demand for automotive battery thermal management system and restraining factors that are hindering the growth of automotive battery thermal management system market are discussed in detail along with their impacts on the global automotive battery thermal management system market. Further, the trends which are shaping the market and impacting the growth of the market are identified and discussed in detail in the reported study. Moreover, other qualitative factors such as risks associated with the operations and major challenges faced by the players in the market space are included in the report.

Automotive Battery Thermal Management System Market Key Segment Analysis

The global market for automotive battery thermal management systems is segmented based on various factors, including propulsion, by electric battery capacity, by vehicle type, by battery type, by technology, and by region. Based on propulsion, the Global Automotive Battery Thermal Management System Market is classified into HEV, BEV, PHEV, and FCV. Based on electric battery capacity, <100 kWh, 100-200 kWh, 200-500 kWh and >500 kWh. Based on vehicle type, the Global Automotive Battery Thermal Management System Market is segmented into Passenger vehicles and Commercial vehicles. Based on battery type, the Global Automotive Battery Thermal Management System Market is segmented into Conventional and Solid-State. Based on technology, the Global Automotive Battery Thermal Management System Market is divided into Active and Passive.

Based on application market is segmented into Electric Vehicle Powertrain, Battery Charging, Fast Charging, Battery Safety, Extreme Weather Conditions, Battery Lifecycle Management, Energy Efficiency Optimization. Various potential opportunities and factors affecting the different application are analyzed and included in the report study.

Automotive Battery Thermal Management System Market Regional Trends and Market Player’s Analysis

Regionally, the market is divided into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Wherein, North America dominated the global automotive battery thermal management system market in 2023. Over the forecast period, the Asia Pacific region is anticipated to witness the highest CAGR for the automotive battery thermal management system market. 

                                             Automotive Battery Thermal Management System Market Size By Region

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Major companies holding significant market shares in the global automotive battery thermal management system market are analyzed considering their market revenue, market shares, business strategies, recent developments, and growth rates. Recent events for these companies such as new solution/product launches, research initiatives, acquisitions, geographical expansions, and technological advancements are considered in finalizing their position in the automotive battery thermal management system market player positioning. The information provided in the automotive battery thermal management system market research study is expected to be helpful for all the key stakeholders of the automotive battery thermal management system value chain and technology ecosystem.

The report provides company market share analysis in order to give a broader overview of the key players in the automotive battery thermal management system market. Major players in the global automotive battery thermal management system market are Continental AG, Robert Bosch GmbH, LG Chem, Gentherm, Valeo, Calsonic Kansei, DANA, Hanon Systems, Samsung SDI, Mahle, VOSS Automotive, and CapTherm Systems, among others.

Scope of the report

Major Highlights of the Automotive Battery Thermal Management System Market report study:

• A detailed look at the global automotive battery thermal management system Industry
• The report analyzes the global automotive battery thermal management system market and provides its stakeholders with significant actionable insights
• The report has considered all the major developments in the recent past, helping the users of the report with recent industry updates
• The report study is expected to help the key decision-makers in the industry to assist them in the decision-making process
• The study includes data on market intelligence, changing market dynamics, current and expected market trends, etc.
• The report comprises an in-depth analysis of macroeconomic and microeconomic factors affecting the global automotive battery thermal management system market
• Market Ecosystem and adoption across market regions
• Major trends shaping the global automotive battery thermal management system market
• Historical and forecast size of the automotive battery thermal management system market in terms of Revenue (USD Million) 
• Recent industry development and consumer preference trends
• Competitive Landscape and player positioning analysis for the global automotive battery thermal management system market
• Key products and solution offerings by major players and business strategies adopted
• Recommendations for new market entrants and current players operating in the market space 
• Analysis of niche and potential segments (product type, application, and regions/countries) anticipated to observed promising growth 
• Key challenges faced by operating players in the market space
• Analysis of major risks associated with the market operations 

The report segment of the global automotive battery thermal management system market as follows:

Global Automotive Battery Thermal Management System Market: By Product Type

Based on Propulsion,

• Hybrid Electric Vehicles (HEV)
• Battery Electric Vehicle (BEV)
• Plug-in Hybrid Electric Vehicle (PHEV)
• Fuel Cell Electric Vehicle (FCEV)

Based on Electric Battery Capacity,

• <100 kWh
• 100-200 kWh
• 200-500 kWh
• >500 kWh

Based on Vehicle Type,

• Passenger vehicles
• Commercial vehicles

Based on Battery Type,

• Conventional
• Solid-State

Based on Technology,

• Active
• Passive

Global Automotive Battery Thermal Management System Market: By Application
 

• Electric Vehicle Powertrain
• Battery Charging
• Fast Charging
• Battery Safety
• Extreme Weather Conditions
• Battery Lifecycle Management
• Energy Efficiency Optimization

Global Automotive Battery Thermal Management System Market: By Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China 
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

The report study is drafted to provide actionable insights to the following mentioned audience:

1. Research Institutes, consulting firm
2. Companies aspire to enter the automotive battery thermal management system market
3. Student and universities 
4. Solution Providers, product providers, service providers, and other players in the automotive battery thermal management system market space
5. Associated private firms and government bodies

        6. Individual who want to learn about automotive battery thermal management system market 

Frequently Asked Questions

1 Preface

                  1.Report Description and Scope
                   2. Research Scope
                   3. Research Methodology
                               1. Market Research Process
                                2. Market Research Methodology

2 Executive Summary

        1. Automotive Battery Thermal Management System Market, 2018-2030 (USD Million)
         2. Automotive Battery Thermal Management System Market: Snapshot
3 Automotive Battery Thermal Management System - Industry Analysis
         1. Automotive Battery Thermal Management System: Market Dynamics
          2. Market Drivers
                    1. Driver 1
                     2. .Driver 2
          3. Restraints
                     1. Restraint 1
                      2. Restraint 2
            4. Opportunity
                      1. Government funding and support
            5. Porter’s Five Forces Analysis
            6. Market Attractiveness Analysis
                      1. Market attractiveness analysis By Product Type
                       2. Market attractiveness analysis By Application
                       3. Market attractiveness analysis by Region
4. Automotive Battery Thermal Management System Market - Competitive Landscape
              1. Company market share analysis
                       1. Global Automotive Battery Thermal Management System Market: company market share, 2019
              2. Strategic development
                        1. Acquisitions & mergers
                         2. New Product launches
                         3. Agreements, partnerships, collaborations and joint ventures
                         4. Research and development and Regional expansion
                3. Price trend analysis
5. Global Automotive Battery Thermal Management System Market -Product Type Analysis
                1. Global Automotive Battery Thermal Management System Market overview: By Product Type
                         1. Global Automotive Battery Thermal Management System Market share, By Product Type,2023 and 2030
                2. 90 Degrees
                         1. Global Automotive Battery Thermal Management System Market by 90 Degrees, 2018-2030 (USD Million)
                3. 180 Degrees
                          1. Global Automotive Battery Thermal Management System Market by 180 Degrees, 2018-2030 (USD Million)
                4. Others
                          1. Global Automotive Battery Thermal Management System Market by Others, 2018-2030 (USD Million)
6. Global Automotive Battery Thermal Management System Market -Application Analysis
                1. Global Automotive Battery Thermal Management System Market overview: By Application
                          1.  Global Automotive Battery Thermal Management System Market share, By Application,2023 and 2030
                2. Architectural
                           1. Global Automotive Battery Thermal Management System Market by Architectural, 2018-2030 (USD Million)
                3 Traffic
                           1. Global Automotive Battery Thermal Management System Market by Traffic, 2018-2030 (USD Million)
                 4. Industry
                           1. Global Automotive Battery Thermal Management System Market by Industry, 2018-2030 (USD Million)
                  5. Others
                             1. Global Automotive Battery Thermal Management System Market by Others, 2018-2030 (USD Million)
7. Global Automotive Battery Thermal Management System Market - Regional Analysis
                  1. Global Automotive Battery Thermal Management System Market overview: by Region
                             1. Global Automotive Battery Thermal Management System Market share, by Region, 2023 and 2030
                   2. North America
                             1. North America Automotive Battery Thermal Management System Market, 2018-2030 (USD Million)
                              1. North America Automotive Battery Thermal Management System Market revenue, By Product Type, 2018-2030 (USD Million)
                              1. North America Automotive Battery Thermal Management System Market revenue, By Application, 2018-2030 (USD Million)
                              1. U.S. Automotive Battery Thermal Management System Market revenue, By Product Type, 2018-2030 (USD Million)
                               2. U.S. Automotive Battery Thermal Management System Market revenue, By Application, 2018-2030 (USD Million)
                               3. Canada Automotive Battery Thermal Management System Market revenue, By Product Type, 2018-2030 (USD Million)
                               4. Canada Automotive Battery Thermal Management System Market revenue, By Application, 2018-2030 (USD Million)
                               5. Mexico Automotive Battery Thermal Management System Market revenue, By Product Type, 2018-2030 (USD Million)
                               6. Mexico Automotive Battery Thermal Management System Market revenue, By Application, 2018-2030 (USD Million)
                    3. Europe
                               1. Europe Automotive Battery Thermal Management System Market, 2018-2030 (USD Million)
                               1. Europe Automotive Battery Thermal Management System Market revenue, By Product Type, 2018-2030 (USD Million)
                               1. Europe Automotive Battery Thermal Management System Market revenue, By Application, 2018-2030 (USD Million)
                               1. UK Automotive Battery Thermal Management System Market revenue, By Product Type, 2018-2030 (USD Million)
                               2. UK Automotive Battery Thermal Management System Market revenue, By Application, 2018-2030 (USD Million)
                               3. Germany Automotive Battery Thermal Management System Market revenue, By Product Type, 2018-2030 (USD Million)
                               4. Germany Automotive Battery Thermal Management System Market revenue, By Application, 2018-2030 (USD Million)
                               5. France Automotive Battery Thermal Management System Market revenue, By Product Type, 2018-2030 (USD Million)
                               6. France Automotive Battery Thermal Management System Market revenue, By Application, 2018-2030 (USD Million)
                               7. Italy Automotive Battery Thermal Management System Market revenue, By Product Type, 2018-2030 (USD Million)
                               8. Italy Automotive Battery Thermal Management System Market revenue, By Application, 2018-2030 (USD Million)
                               9. Spain Automotive Battery Thermal Management System Market revenue, By Product Type, 2018-2030 (USD Million)
                               10. Spain Automotive Battery Thermal Management System Market revenue, By Application, 2018-2030 (USD Million)
                               11. Netherlands Automotive Battery Thermal Management System Market revenue, By Product Type, 2018-2030 (USD Million)
                               12. Netherlands Automotive Battery Thermal Management System Market revenue, By Application, 2018-2030 (USD Million)
                               13. Rest of Europe Automotive Battery Thermal Management System Market revenue, By Product Type, 2018-2030 (USD Million)
                               14. Rest of Europe Automotive Battery Thermal Management System Market revenue, By Application, 2018-2030 (USD Million)
                    4. Asia Pacific
                               1. Asia Pacific Automotive Battery Thermal Management System Market, 2018-2030 (USD Million)
                               1. Asia Pacific Automotive Battery Thermal Management System Market revenue, By Product Type, 2018-2030 (USD Million)
                               1.Asia Pacific Automotive Battery Thermal Management System Market revenue, By Application, 2018-2030 (USD Million)
                               1. China Automotive Battery Thermal Management System Market revenue, By Product Type, 2018-2030 (USD Million)
                               2. China Automotive Battery Thermal Management System Market revenue, By Application, 2018-2030 (USD Million)
                               3. Japan Automotive Battery Thermal Management System Market revenue, By Product Type, 2018-2030 (USD Million)
                               4. Japan Automotive Battery Thermal Management System Market revenue, By Application, 2018-2030 (USD Million)
                               5. India Automotive Battery Thermal Management System Market revenue, By Product Type, 2018-2030 (USD Million)
                               6. India Automotive Battery Thermal Management System Market revenue, By Application, 2018-2030 (USD Million)
                               7. Australia Automotive Battery Thermal Management System Market revenue, By Product Type, 2018-2030 (USD Million)
                               8. Australia Automotive Battery Thermal Management System Market revenue, By Application, 2018-2030 (USD Million)
                               9. South East Asia Automotive Battery Thermal Management System Market revenue, By Product Type, 2018-2030 (USD Million)
                               10. South East Asia Automotive Battery Thermal Management System Market revenue, By Application, 2018-2030 (USD Million)
                               11.South Korea Automotive Battery Thermal Management System Market revenue, By Product Type, 2018-2030 (USD Million)
                               12. South Korea Automotive Battery Thermal Management System Market revenue, By Application, 2018-2030 (USD Million)
                               13. Rest of Asia Pacific Automotive Battery Thermal Management System Market revenue, By Product Type, 2018-2030 (USD Million)
                               14. Rest of Asia Pacific Automotive Battery Thermal Management System Market revenue, By Application, 2018-2030 (USD Million)
                   5. Latin America
                                1. Latin America Automotive Battery Thermal Management System Market, 2018-2030 (USD Million)
                                1. Latin America Automotive Battery Thermal Management System Market revenue, By Product Type, 2018-2030 (USD Million)
                                1. Latin America Automotive Battery Thermal Management System Market revenue, By Application, 2018-2030 (USD Million)
                                2. Brazil Automotive Battery Thermal Management System Market revenue, By Product Type, 2018-2030 (USD Million)
                                3. Brazil Automotive Battery Thermal Management System Market revenue, By Application, 2018-2030 (USD Million)
                                4. Argentina Automotive Battery Thermal Management System Market revenue, By Product Type, 2018-2030 (USD Million)
                                5. Argentina Automotive Battery Thermal Management System Market revenue, By Application, 2018-2030 (USD Million)
                                6. Chile Automotive Battery Thermal Management System Market revenue, By Product Type, 2018-2030 (USD Million)
                                7. Chile Automotive Battery Thermal Management System Market revenue, By Application, 2018-2030 (USD Million)
                                8. Rest of Latin America Automotive Battery Thermal Management System Market revenue, By Product Type, 2018-2030 (USD Million)
                                9. Rest of Latin America Automotive Battery Thermal Management System Market revenue, By Application, 2018-2030 (USD Million)
                   6. Middle East & Africa
                                1. Middle East & Africa Automotive Battery Thermal Management System Market, 2018-2030 (USD Million)
                                2. Middle East & Africa Automotive Battery Thermal Management System Market revenue, By Product Type, 2018-2030 (USD Million)
                                3. Middle East & Africa Automotive Battery Thermal Management System Market revenue, By Application, 2018-2030 (USD Million)
                                4. GCC Countries Automotive Battery Thermal Management System Market revenue, By Product Type, 2018-2030 (USD Million)
                                5. GCC Countries Automotive Battery Thermal Management System Market revenue, By Application, 2018-2030 (USD Million)
                                6. Nigeria Automotive Battery Thermal Management System Market revenue, By Product Type, 2018-2030 (USD Million)
                                7. Nigeria Automotive Battery Thermal Management System Market revenue, By Application, 2018-2030 (USD Million)
                                8. South Africa Automotive Battery Thermal Management System Market revenue, By Product Type, 2018-2030 (USD Million)
                                9. South Africa Automotive Battery Thermal Management System Market revenue, By Application, 2018-2030 (USD Million)
                                10. Rest of Middle East & Africa Automotive Battery Thermal Management System Market revenue, By Product Type, 2018-2030 (USD Million)
                                11. Rest of Middle East & Africa Automotive Battery Thermal Management System Market revenue, By Application, 2018-2030 (USD Million)
8. Company Profiles
                  1. Continental AG
                                1. Overview
                                2. Financials
                                3. Product Portfolio
                                4. Business Strategy
                                5. Recent Developments
                  2. Robert Bosch GmbH
                                1. Overview
                                2. Financials
                                3. Product Portfolio
                                4. Business Strategy
                                5. Recent Developments
                  3. LG Chem
                                1. Overview
                                2. Financials
                                3. Product Portfolio
                                4. Business Strategy
                                5. Recent Developments
                   4. Gentherm
                                1. Overview
                                2. Financials
                                3. Product Portfolio
                                4. Business Strategy
                                5. Recent Developments
                    5. Valeo
                                1. Overview
                                2. Financials
                                3. Product Portfolio
                                4. Business Strategy
                                5. Recent Developments
                     6. DANA
                                1. Overview
                                2. Financials
                                3. Product Portfolio
                                4. Business Strategy
                                5. Recent Developments
                      7. Hanon Systems
                                1. Overview
                                2. Financials
                                3. Product Portfolio
                                4. Business Strategy
                                5. Recent Developments
                      8. Samsung SDI
                                1. Overview
                                2. Financials
                                3. Product Portfolio
                                4. Business Strategy
                                5. Recent Developments
                       9. Mahle
                                1. Overview
                                2. Financials
                                3. Product Portfolio
                                4. Business Strategy
                                5. Recent Developments
                       10. VOSS Automotive
                                1. Overview
                                2. Financials
                                3. Product Portfolio
                                4. Business Strategy
                                5. Recent Developments
                       11. CapTherm Systems

                               1. Overview
                                2. Financials
                                3. Product Portfolio
                                4. Business Strategy
                                5. Recent Developments

                       12. Calsonic Kansei
                                1. Overview
                                2. Financials
                                3. Product Portfolio
                                4. Business Strategy
                                5. Recent Developments

List of Figures

Market research process
Market research methodology
Global Automotive Battery Thermal Management System Market, 2018-2030 (USD Million)
Porter’s Five Forces Analysis
Global Automotive Battery Thermal Management System Market attractiveness, By Product Type
Global Automotive Battery Thermal Management System Market attractiveness, By Application
Global Automotive Battery Thermal Management System market share, By Product Type, 2023 and 2030
Global Automotive Battery Thermal Management System Market by 90 Degrees, 2018-2030 (USD Million)
Global Automotive Battery Thermal Management System Market by 180 Degrees, 2018-2030 (USD Million)
Global Automotive Battery Thermal Management System Market by Others, 2018-2030 (USD Million)
Global Automotive Battery Thermal Management System market share, By Application, 2023 and 2030
Global Automotive Battery Thermal Management System Market by Architectural, 2018-2030 (USD Million)
Global Automotive Battery Thermal Management System Market by Traffic, 2018-2030 (USD Million)
Global Automotive Battery Thermal Management System Market by Industry, 2018-2030 (USD Million)
Global Automotive Battery Thermal Management System Market by Others, 2018-2030 (USD Million)
Global Automotive Battery Thermal Management System Market share, by Region, 2023 and 2030
North America Automotive Battery Thermal Management System Market, 2018-2030 (USD Million)
Europe Automotive Battery Thermal Management System Market, 2018-2030 (USD Million)
Asia Pacific Automotive Battery Thermal Management System Market, 2018-2030 (USD Million)
Latin America Automotive Battery Thermal Management System Market, 2018-2030 (USD Million)
Middle East & Africa Automotive Battery Thermal Management System Market, 2018-2030 (USD Million)

List of Tables

Global Automotive Battery Thermal Management System Market: snapshot
Drivers of the Automotive Battery Thermal Management System Market: impact analysis
Restraints of the Automotive Battery Thermal Management System Market: impact analysis
North America Automotive Battery Thermal Management System Market revenue, By Product Type,2018-2030 (USD Million)
North America Automotive Battery Thermal Management System Market revenue, By Application,2018-2030 (USD Million)
Europe Automotive Battery Thermal Management System Market revenue, By Product Type,2018-2030 (USD Million)
Europe Automotive Battery Thermal Management System Market revenue, By Application,2018-2030 (USD Million)
Asia Pacific Automotive Battery Thermal Management System Market revenue, By Product Type,2018-2030 (USD Million)
Asia Pacific Automotive Battery Thermal Management System Market revenue, By Application,2018-2030 (USD Million)
Latin America Automotive Battery Thermal Management System Market revenue, By Product Type,2018-2030 (USD Million)
Latin America Automotive Battery Thermal Management System Market revenue, By Application,2018-2030 (USD Million)
Middle East & Africa Automotive Battery Thermal Management System Market revenue, By Product Type,2018-2030 (USD Million)
Middle East & Africa Automotive Battery Thermal Management System Market revenue, By Application,2018-2030 (USD Million)

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An Overview on Research Methodology used at Syndicate Market Research:

1.1 Research Methodology

The process of market research at Syndicate Market Research is an iterative in nature and usually follows following path. Information from secondary is used to build data models, further the results obtained from data models are validated from primary participants. Then cycle repeats where, according to inputs from primary participants, additional secondary research is done and new information is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the market providers. The revenue generated from the sales of market is calculated through primary and secondary research. The key players operating in the market across the globe are identified through secondary research and a corresponding detailed analysis of the top vendors in the market is done. The market size calculation also includes clinical trial phase segmentation determined using secondary sources and verified through primary sources.

1.2 Secondary Research

The secondary research sources that are typically referred to include, but are not limited to:

• Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
• Internal and external proprietary databases, relevant patent and regulatory databases
• National government documents, statistical databases and market reports
• News articles, press releases and web-casts specific to the companies operating in the market

The sources for secondary research includes but is not limited to: Factiva, Hoovers and Statista

1.3 Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following functions:

• It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
• Helps in validating and strengthening the secondary research findings
• Further develops the analysis team’s expertise and market understanding
• Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

• Industry participants: CEOs, VPs, marketing/ clinical trial phase managers, market intelligence managers and national sales managers
• Purchasing managers, technical personnel, distributors and resellers
• Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
• Key opinion leaders specializing in different areas corresponding to different industry end users

1.4 Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data types to produce estimates:

• Demographic data: Population split by segment
• Macro-economic indicators: GDP, etc.
• Industry indicators: Expenditure, infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways - Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach where as it acts as starting point for top-down approach.

1.5 Research Limitations

Inflation is not a part of pricing in this report. Prices of the products and its derivatives vary in each region and hence similar revenue ratio does not follow for each individual region. The same price for each type has been taken into account while estimating and forecasting market revenue on a global basis. Regional average price has been considered while breaking down this market by end user in each region.