Global Battery Thermal Management System Market
Battery Thermal Management System Market Size And Forecast
According to Verified Market Research, Global Battery Thermal Management System Market was valued at USD 1.42 Billion in 2018 and is projected to reach USD 4.50 Billion by 2026, growing at a CAGR of 15.41% from 2019 to 2026.
Global Battery Thermal Management System Market Outlook
The government initiatives for promoting the utilization of electric vehicle is the major factor contributing to driving the growth of the market. In addition, environmental concerns enhance the demand for zero-emission vehicles is imposing a positive outlook on the market. Moreover, improving performance in terms of miles driven by electric vehicles adds to propel the market growth. However, the issues related to the design complexities, and underdeveloped infrastructure for electric vehicles are expected to hamper the market growth.
Global Battery Thermal Management System Market Competitive Landscape
The Global Battery Thermal Management System Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Hanon Systems, Gentherm, Continental, LG Chem, Samsung SDI, Valeo, Calsonic Kansei, DANA, Mahle, and VOSS Automotive.
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