What are the segments of the Automotive Battery Thermal Management System Market on the basis of technology?

Thermal management involves regulating heat flows in the vehicle. All the components in the vehicle need to be operated in their respective optimal temperature range in order to generate pleasant temperatures for passengers inside the vehicle. The battery thermal management systems play a major role in controlling the thermal behaviour of the battery cells. The life and performance of the battery systems are affected by the surrounding temperature. Thus, the battery thermal management systems maintain the battery temperature at which the battery output is optimum.

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Battery thermal management system plays a vital role in improving battery efficiency and performance, which is further accelerating the adoption of these systems in the market. Further, the rise in demand for electric vehicles is also contributing to the growth of the automotive battery thermal management system market. Moreover, the growing adoption of new technologies in lithium-ion batteries and the rising trend of battery-driven public transport are the factors that are anticipated to boost the market growth in the near future.