Top 5 Automotive Battery Thermal Management System Players, 2021

Automotive thermal management technologies are utilized for dropping thermal loads, relocating heat proficiently, and re-claiming waste heat. These purposes have resulted in advancements in fuel releases and traveler luxury. An automotive Thermal Management System (TMS) surveys and handles the fluctuating temperature of several automobile systems such as power electronics, distribution, battery, electric drive units, engine, and passenger cabin spaces to augment proficiency and avert destruction to the constituents. Inadequate backup volume, unequal circulation, and the escalating energy requirements credit a substantial amount to the rising number of renewable alternatives to substitute fossil fuel-based energy sources.

According to a study, by 2035, the amount of electricity produced using renewable resources is likely to be 2.7 times greater than it was in 2010. Electric vehicle and hybrid electric vehicle technology, considered as green alternatives for conventional combustion vehicles. This has enticed a considerable amount of consciousness universally and is rapidly substituting internal combustion engine-powered automotive.

Fortune Business Insights™ states that the global market size for automotive battery thermal management systems was USD 2.09 billion in 2020 and is expected to reach USD 7.13 billion by 2028, displaying a CAGR of 18.5% during the forecast period.

COVID-19 Impact: Restricted Disposable Income to Hamper EV Sales

Who isn’t saving up amid the pandemic? Everybody is! This clarifies one thing that the cash flow has been certainly reduced and the declined disposable income has led to decreased demand for Electric Vehicle (EV) in the short term.

The COVID-19 pandemic had its fair share of adverse impacts on the automobile industry and hence lowered the demand for electric cars, electric two-wheelers, and electric three-wheelers. According to the Society of Manufacturers of Electric Vehicle (SMEV) the registration of electric vehicles during FY21 dropped by 20% to 236,802 units in contradiction to 295,683 pieces traded in FY20.

Below mentioned are the top 5 companies who are listed as the forerunners in their respective fields:

1. Robert Bosch GmbH

The company has a major share in this market. The company is a leading global supplier of technology and services for the automotive industry worldwide.

The company offers services/solutions for battery thermal management under the electro-mobility segment. The company’s intelligent automotive thermal management solutions increase the functioning variety of electric vehicles, enable batteries to be revived promptly and guarantee optimal relaxation in the vehicle.

2. Continental AG

It is one of the market leaders to provide advanced solutions to passenger cars and commercial vehicles. The company having an extensive focus on advanced dynamic solutions, electrical equipment, industrial fluid solutions, and many other products.

In case of the automotive battery thermal management system, the company offers multiple components under the e-mobility segment. The hose lines for battery temperature control systems use oil, cooling water, or refrigerant. Moreover, the product range also includes refrigerant lines for battery temperature control, oil cooling line for e-mobility, and battery cooling lines for EV & hybrid vehicles.

3. Hanon Systems

The company is a pioneer in innovative thermal and energy management solutions. It offers the thermal management solution to the conventional vehicles as well as to the electric motilities.

Hanon Systems offers such innovative design with the use of a low-temperature coolant circuit for the electric motor and inverter, active cooling of the lithium batteries, and heat pump system for cabin heating. Furthermore, the company offers solutions to both EV/HEV and fuel cell electric vehicles. The components required in FCEV include centrifugal air compressor, high voltage cooling fan motor, and E-Compressor.

4. Dana Limited

It is a global frontrunner in drivetrain and e-Propulsion structures. This company manufactures and distributes power-conveyance and energy-management solutions for the automobiles of the present & future.

As the company is a forerunner in thermal management technologies, it offers a variety of solutions including hybrid and electric vehicle battery cooling chiller, electronic cooling plate, integral battery cooling plate, stator cooler, sub-cooled loop radiator, Engine Control Unit (ECU) Cooler, and ADAS cooling.

The company works in partnership with global auto-manufacturers and electronics manufacturers to produce higher cooling solutions that fulfils the exclusive requirements of battery systems and power electronics. Such progressive cooling techniques are accuracy plotted for greater thermal presentation, declined vehicle load, and lesser production costs.

5. Valeo

The company is a global automotive supplier and designs innovative technologies & systems to make the future vehicles more connected, autonomous, and environment friendly.

The company offers innovative thermal battery management solutions for each powertrain. Moreover, this also helps to extend the range of EV and till now, the company has brought in €2 billion (USD 2.32 billion) worth of orders.

In 2020, the company strategized to supply the battery cooling systems for a high-volume electric vehicle platform from a leading German automaker. Furthermore, the company will soon be offering thermal modules for retrofitting.

Emergence of Intelligent Battery Thermal Systems to Gain Traction

Aspects such as power start and stop, electric power steering, and electric braking systems have augmented the battery's power capacity. Consequently, arranging all these electrical piles on a scale from luxury to security level has been a substantial concern in a vehicle's electric system. The necessity for a smart battery management system has been attaining recognition among automotive manufacturers and is being extensively approved across the world.

For example, in 2019, Panasonic Corporation established novel battery management technology that provides lithium-ion battery modules with several battery cells piled in sequence to reuse as well as aid in the reprocessing of lithium-ion batteries. This, despite all the grave concerns such as COVID-19 impacts faced by the automotive battery thermal management system players, is estimated to suffice the people’s demand and make the automotive battery thermal management system industry to survive even in tough situations.