TECHGuru

  Increased Focus on Thermal Management Systems for EVs Generates Revenue Streams Electric vehicles (EVs) are being highly publicized as a greener and more economical transportation options as compared to conventional vehicles. This has triggered innovations in automotive battery thermal management systems for emission-free driving and cheaper maintenance of vehicles among consumers. As such, battery electric vehicles are predicted for explosive growth in terms of revenue, where the market value share is estimated to leap from ~ 40%  in  2018  to ~ 80%  by  2027  in the  automotive battery thermal management system market . Increase in sales of plug-in electric vehicles and hybrid EVs are some of the key drivers contributing to the growth of the automotive battery thermal management system market. This trend is prominent in the U.S. Hence, companies in the market for automotive battery thermal management systems should eye opportuni...