
- Get in Touch with Us
Last Updated: Apr 25, 2025 | Study Period: 2024-2030
A combination of forced air cooling, liquid cooling, and thermoelectric cooling is used in the newly developed battery thermal management system.
In order to remove the heat produced by the battery during operation, the liquid coolant makes indirect contact with the battery.
Thermal management involves controlling the passage of heat inside the car. Ultimately, components must function at their ideal temperatures while still maintaining comfortable interior temperatures for passengers.
In comparison to traditional vehicles powered by combustion engines, thermal management systems in electric vehicles are typically more sophisticated.
For instance, the battery needs to be heated or cooled depending on the situation, whereas the e Axle needs to be cooled constantly.
Additionally, there isn't any waste heat from a combustion engine available to heat the interior of the car, necessitating the adoption of energy-efficient techniques, such as a heat pump.
Global EV thermal management module plastics accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
A new line of thermal management systems for commercial EVs has been introduced by thermal management system and component company Modine Manufacturing.
The range includes the Vantage Electronics Cooling Package and the Vantage Battery Thermal Management System (BTMS) (ECP). The BTMS contains a multi-stage heating and cooling mechanism that, according to the manufacturer, "minimizes power demand while optimizing the temperature range for a complete bank of batteries with a single device.
The traction motor and power electronics circuits' fluid temperatures are maintained by the ECP's multi-zone cooling system.
"Vantage ECPs are constructed to specifications, with modest to big fan arrays that operate only when required to minimize power demand. Both the BTMS and ECP have a pre-programmed controller for automated operation, Modine's exclusive heat exchanger technology, and control via CAN bus connectivity. Both come in basic configurations or can be customized to a client's needs.
Sl no | Topic |
1 | Market Segmentation |
2 | Scope of the report |
3 | Abbreviations |
4 | Research Methodology |
5 | Executive Summary |
6 | Introduction |
7 | Insights from Industry stakeholders |
8 | Cost breakdown of Product by sub-components and average profit margin |
9 | Disruptive innovation in the Industry |
10 | Technology trends in the Industry |
11 | Consumer trends in the industry |
12 | Recent Production Milestones |
13 | Component Manufacturing in US, EU and China |
14 | COVID-19 impact on overall market |
15 | COVID-19 impact on Production of components |
16 | COVID-19 impact on Point of sale |
17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
21 | Product installation rate by OEM, 2023 |
22 | Incline/Decline in Average B-2-B selling price in past 5 years |
23 | Competition from substitute products |
24 | Gross margin and average profitability of suppliers |
25 | New product development in past 12 months |
26 | M&A in past 12 months |
27 | Growth strategy of leading players |
28 | Market share of vendors, 2023 |
29 | Company Profiles |
30 | Unmet needs and opportunity for new suppliers |
31 | Conclusion |
32 | Appendix |