Products in the global automotive battery thermal management market find various applications in the automotive industry, such as heated steering, engine cooling, and electric vehicle battery thermal system. Moreover, rising usage of the system in transmission as well as air conditioning systems is also aiding in the expansion of the global automotive battery thermal management market in coming years. Rising investments by industry players in the global automotive battery thermal management market, aimed at furthering the research and development is also driving the growth in the global automotive battery thermal management market.
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Geographically, the global automotive battery thermal management market is classified into five distinct regions, i.e. Middle East and Africa, North America, Asia Pacific, Latin America, and Europe. Among these, the Europe region leads the global automotive battery thermal management market with the highest share. This trend can be attributed to rising share of the Europe region in the global automotive battery thermal management market. Furthermore, rising sales of electric vehicles owing to several stringent regulations in various countries in the region is also anticipated to fuel growth in the global automotive battery thermal management market in Europe in the next few years.
Few of the most significant and major players and manufacturers in the global automotive battery thermal management market include MAHLE GmbH, Denso Corporation, Valeo, Robert Bosch GmbH, BorgWarner, ZF Friedrichshafen, and Aptiv Inc., among others. Players and manufacturers operating within the global automotive battery thermal management market are adopting various development strategies in order to capture lucrative growth opportunities. Some of the major corporate strategies employed by the players and manufacturers in the global automotive battery thermal management market include strategic partnerships, acquisitions, new product launches, and collaborations, among others.
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