Insights on the Electric Vehicle Battery Thermal Management System Global Market to 2031 - Rising Fuel Efficiency Norms Encourage the Development of Alternative Energy-Driven Vehicles - ResearchAndMarkets.com
The "Electric Vehicle Battery Thermal Management System Market By Type, By Technology, By Propulsion Type, By Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering
DUBLIN--(BUSINESS WIRE)--Sep 30, 2022--
The "Electric Vehicle Battery Thermal Management System Market By Type, By Technology, By Propulsion Type, By Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
According to this report the electric vehicle battery thermal management system market was valued at $2.3 billion in 2021, and is estimated to reach $8.4 billion by 2031, growing at a CAGR of 14.6% from 2022 to 2031.
The battery thermal management system (BTMS) is the device responsible for managing heat produced during the electrochemical processes occurring in cells, allowing the battery to operate efficiently and safely. The battery thermal management system keeps the temperature in a battery pack within a fixed range. Moreover, automobile manufacturers are inclined toward electric and alternative fuel vehicles, owing to increase in battery thermal management system for better range.
