Automotive Battery Thermal Management System Market: Leading Players Envisioned By The Analysts Forecast 2018 - 2026
Automotive Battery Thermal Management System Market: Introduction According to the report, the global automotive battery thermal management system market is expected to expand at a CAGR of 38.5% during the forecast period. Government incentives and subsidies, expansion of charging infrastructure, increase in battery life and performance, surge in awareness about global temperature rise, development of fast electric vehicle chargers, and decline in electric vehicle prices are primarily driving the electric vehicle sector, which in turn is propelling the automotive battery thermal management system market. Batteries are the power source for electric vehicles and their performance, life, and efficiency varies according to temperature. Active battery thermal managements systems are widely utilized, owing to their simplicity and inexpensiveness. In an active battery thermal management system, coolant is force circulated through pipes surrounding the battery cel...