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Battery Thermal Management System Market worth $8.5 Billion by 2030 | MarketsandMarkets

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CHICAGO, May 27, 2024 /PRNewswire/ — Battery Thermal Management System market size is projected to grow from USD 3.7 Billion in 2024 to USD 8.5 Billion by 2030, at a CAGR of 14.7%, according to a new report by MarketsandMarkets. The increasing demand for electric vehicle and battery safety is expected to increase the demand for BTMS. Additionally, continuous innovation in BTMS components will boost the demand for BTMS.

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Browse in-depth TOC on “Battery Thermal Management System Market”

100 – Tables
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400 – Pages

Battery Thermal Management System Market Scope:

Report Coverage

Details

Market Revenue in 2024

USD 3.7 Billion

Estimated Value by 2030

USD 8.5 Billion

Growth Rate

Poised to grow at a CAGR of 14.7%

Market Size Available for

2019–2030

Forecast Period

2024-2030

Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Propulsion (BEV, PHEV, FCEV), Offering (BTMS With Battery, BTMS Without Battery), Technology (Active, Passive, Hybrid), Battery Type, Battery Capacity, Vehicle Type and Region

Geographies Covered

Asia Pacific, Europe, North America, and Rest Of The World

Report Highlights

Updated financial information / product portfolio of players

Key Market Opportunities

Growing potential of modular design

Key Market Drivers

Innovation in EV battery system

BEV segment is expected to have largest share in the global BTMS market

The BEV segment is expected to grow the largest in terms of value. The region accounts for the largest BEV market, with countries such as China, Japan, and South Korea leading BEV sales. Strong government support and favorable policies are the major factors for the fast growth of BEVs in the region, along with the fast popularization of the BTMS market. The cost of the BEV of local players in this region is low compared to that in other regions, leading to a high demand for various low-cost BTMS in this market. For instance, in January 2024, XING Mobility (China), a company known for its innovative approach to EV technology, has recently introduced its latest advancement in battery technology with the debut of the Next-Gen Immersion Cooling Battery. These advancements will further drive the BTMS market in the BEV segment.

<100 KWH battery capacity segment is estimated to exhibit the largest growth in global BTMS market

<100 KWH battery capacity segment is expected to have significant growth opportunities in the BTMS market during the forecast period. This battery capacity range offers a balance between range and practicality. It satisfies the needs of consumers who desire an EV capable of longer distances without the added cost or weight of extremely high-capacity batteries. The infrastructure development supports the adoption of EVs with larger battery capacities and proper thermal management as consumers feel more confident about long-distance travel and quick charging options. With the improving range, the sales of vans falling under the segment are estimated to rise, which will boost the EV battery market in the <100 kWh segment. For instance, the 2024 Audi e-tron GT is a sedan with a 93-kWh battery pack that provides a range of around 300 miles (483 kilometers; it uses liquid-cooled systems for its batteries to provide optimum performance. Thus, the launch of EVs with a battery capacity of <100 kWh will drive the segment.

US to lead the BTMS market in North America

The US is predicted to lead the North American BTMS market. The US is a leading market in the automotive industry, renowned for its innovation, technology adoption, and vast network of manufacturers, suppliers, and consumers. With a diverse landscape ranging from the cold winters of Alaska to the scorching summers of Arizona, the demand for effective BTMS is paramount. As EV adoption continues to rise, driven by environmental concerns and government incentives, the importance of efficient thermal management solutions becomes even more pronounced. The climate across the US varies significantly from region to region, presenting unique challenges for automotive thermal management systems. In northern states such as Minnesota and Maine, frigid temperatures during winter months can severely impact battery performance and longevity. Conversely, in southern states such as Texas and Florida, extreme heat poses similar challenges, accelerating battery degradation and reducing overall efficiency. The growing demand for EVs in the US presents a significant opportunity for companies specializing in BTMS.

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Battery Thermal Management System Market Dynamics:

Drivers:

Innovation in EV battery system

Restraints:

Complexities associated with design components.

Opportunities:

Growing potential of modular design

Challenge:

Irregular operation of BTMS in extreme temperature

Key Market Players of Battery Thermal Management System Industry:

Prominent players in the Battery Thermal Management System Market include Robert Bosch (Germany), Gentherm (US), Continental AG (Germany), Denso (Japan), BorgWarner Inc. (US), Webasto Group (Germany), among others.

The break-down of primary participants is as mentioned below:

By Company Type: OEMs – 24%, Tier 1 –67% and Tier 2 & 3 – 9%,By Designation: CXO – 33%, Managers – 52%, and Executives – 15%By Region: North America – 26%, Europe – 30%, Asia Pacific – 35%, and ROW­­-9%

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Automotive Battery Thermal Management System Industry Recent Developments:

In February 2024, Denso Corporation’s collaboration with Betterfrost and the Ontario Vehicle Innovation Network represents a significant advancement in addressing the range limitations of EVs in extreme heat and cold.In February 2024, The acquisition between Modine and Scott Springfield Manufacturing  to diversify its product offerings by incorporating air-handling units into its portfolio.In February 2024, The partnership between GM and LG Chem underscores a commitment to advancing state-of-the-art battery technology. By prioritizing thermal management solutions, they aim to address key challenges such as battery degradation, overheating, and safety concerns.

Automotive Battery Thermal Management System Market Size – Key Benefits of Buying the Report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall BTMS market and the subsegments.This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies.The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.

This report provides insights on:

Analysis of key drivers (Rising adoption of Electric Vehicles, Innovation in EV battery system, and Stringent regulatory and safety standards), restraints (Complexities associated  design components and Inadequate infrastructure for EV charging in emerging market), opportunities (Growing potential of modular design, Increasing R&D investment for advance battery thermal solution, implementation of BTMS for optimal battery performance, and innovation within e-compressor by key OEMS), and challenges (Safety concerns associated with battery reliability and irregular operation of BTMS in extreme conditions) influencing the growth of the BTMS market.Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the BTMS market.Market Development: Comprehensive information about lucrative markets – the report analyses the BTMS market across varied regions.Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the BTMS market.Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Robert Bosch (Germany), Gentherm (US), Continental AG (Germany), Denso (Japan), BorgWarner Inc. (US), Webasto Group (Germany) among others in the BTMS market.Strategies: The report also helps stakeholders understand the pulse of the BTMS market and provides them information on key market drivers, restraints, challenges, and opportunities

Related Reports:

Wireless Charging Market for Electric Vehicles – Global Forecast to 2030

Electric Vehicle Market – Global Forecast 2030

Automotive Terminal Market – Global Forecast to 2025

EV Battery Market – Global Forecast to 2033

Get access to the latest updates on Battery Thermal Management System Companies and Battery Thermal Management System Industry Growth

About MarketsandMarkets™:

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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Astronergy shines with its breakthroughs at Intersolar Europe 2025

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No busbars, no limits: Astronergy showcases ZBB-powered solar breakthroughs in Munich

MUNICH, May 13, 2025 /PRNewswire/ — At Intersolar Europe 2025, Astronergy reaffirmed its leadership in solar innovation and international collaborations by debuting cutting-edge modules featuring newly upgraded n-type solar cell technology and zero-busbar (ZBB) solar products, alongside strategic partnerships that strengthen its European footprint.

The company’s flagship ASTRO N7 and N7s modules were at the center of attention, designed for next-level performance across diverse application scenarios. With Astronergy’s latest generation of TOPCon 5.0 technology, these modules deliver higher efficiency, better temperature coefficients, and optimized LCOE performance.

ASTRO N7 and N7s lineup incorporates Astronergy’s proprietary ZBB cell technology, which replaces traditional front-side busbars with advanced non-visible contact structures, maximizing light absorption, reducing shading losses, and improving overall module aesthetics and reliability.

As one of the industry’s most forward-looking technologies, ZBB represents a key advancement in solar cell architecture, supporting thinner metallization, better current collection, and a lower risk of microcracks. By combining ZBB and TOPCon 5.0, Astronergy delivers a next-generation solution that meets the growing demand for high efficiency and long-term durability, especially under challenging field conditions.

Notably, the ASTRO N7s products stood out for their electrical performance, as well as for their outstanding mechanical durability. The products recently passed TÜV NORD’s rigorous high mechanical load and TÜV Rheinland HW4 hail impact tests, validating their reliability in extreme weather environments — a key advantage for markets across Europe and high-latitude regions.

“Intersolar Europe has been a stage for us to demonstrate how our technologies translate into real-world resilience and customer value,” said Isabella Ni, GM of Global Marketing at Astronergy. “With TOPCon 5.0 and advanced ZBB designs, we’re delivering smart, efficient, and durable solutions to accelerate global decarbonization.”

Another milestone during the event was Astronergy’s framework agreements with important partners in Europe, marking its extended business footprint in the broader Nordic market and other areas of Europe. The partnerships signify Astronergy’s ongoing commitment to tailor solutions for regional needs and build lasting partnerships across the continent.

Astronergy’s visually striking booth attracted thousands of visitors, with live product showcases and expert-led briefings drawing praise from industry professionals and media alike. With its presence in solar markets and participation in European initiatives like SolarPower Europe and SSI, Astronergy continues to establish itself as a global partner of choice, offering future-ready PV technology backed by proven reliability.

SOURCE Astronergy

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BC.GAME Unveils New Logo, Embraces Crypto Elements to Reflect Future Vision

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BELIZE CITY, Belize, May 12, 2025 /PRNewswire/ — BC.GAME, a global leader in Web3 gaming, has officially launched its refreshed brand identity—marking a significant step toward building a more diverse and globally integrated Web3 entertainment ecosystem. The brand upgrade includes a redesigned logo, updated color palette, and the introduction of a new slogan, “Stay Untamed.” This move also highlights the platform’s deepening presence in the crypto space, reinforcing its position as a pioneer in the Web3 and crypto entertainment industry.

New Logo and Slogan Reinforce Crypto Roots and Untamed Spirit

BC.GAME‘s new logo combines a classic lowercase “b” with an embedded “c,” creating a sleek and instantly recognizable visual. The “c” not only connects to the platform’s name but also symbolizes its deep-rooted connection to the crypto world. Representing both “bc” and “coin,” the logo reflects the platform’s strong foundation in cryptocurrency and signals its ambitious vision to build a thriving ecosystem centered around the $BC token.

The platform’s signature green has also been refreshed to a deeper, more tech-forward tone, enhancing its professional presence within the blockchain and Web3 entertainment space while boosting visual impact and recognition.

BC.GAME’s new slogan, “Stay Untamed,” embodies its spirit of freedom, openness, and innovation. As a Web3 advocate, BC.GAME encourages players to break boundaries and explore new possibilities, reflecting the decentralization, community-driven ethos, and ongoing innovation that define Web3.

BC.GAME’s Crypto Journey: Expanding from Payments to the $BC Ecosystem

BC.GAME’s journey in the crypto space began long before cryptocurrency payments became mainstream. From the early days, the platform has explored and implemented crypto-based technologies. Today, through the launch of its $BC token and a suite of crypto features, BC.GAME continues to deliver seamless and innovative digital entertainment to users worldwide.

$BC Token Launch and Ecosystem

At the end of 2024, BC.GAME launched its native token, $BC, which now plays a central role across the platform—from in-game rewards and VIP incentives to governance and exclusive event access. Several community airdrops have been conducted to strengthen ties with users, ensuring that engagement is met with real value and participation.

Crypto Payment Support

BC.GAME supports payments in hundreds of cryptocurrencies, catering to players across the globe. On the technical front, the platform was among the earliest adopters of Bitcoin Lightning Network technology, significantly improving transaction speed and providing users with a lightning-fast payment experience.

Provably Fair Verification:

BC.GAME offers “Provably Fair” verification to ensure that every game result is both fair and verifiable. Leveraging blockchain technology, players can view and verify the generation process of each game round in real time on the betting page, ensuring that outcomes are free from human interference or manipulation.

Diverse Product Ecosystem: From Classic Slots to Innovative Poker

BC.GAME is committed to creating a vibrant and balanced product lineup that appeals to both traditional gamers and the next generation of Web3 users seeking innovation.

Over 8,000 Slot Games with Exclusive Launch Events

The platform currently offers over 8,000 slot titles, ranging from nostalgic classics to today’s hottest releases. BC.GAME has established deep partnerships with world-renowned iGaming providers like Pragmatic Play, PG Soft, Play’n GO, and NoLimit City, ensuring a constantly refreshed and diverse library.

BC.GAME frequently collaborates with these providers to launch exclusive campaigns for star titles and new releases. These include special airdrops, time-limited tournaments, and in-game missions tailored to BC.GAME players—enhancing both engagement and player enjoyment.

Immersive Sports Entertainment Experience

In the realm of sports betting, BC.GAME delivers real-time wagering on over 30 major sports categories—including football, basketball, tennis, and esports. From the FIFA World Cup to the NBA, UFC, and major esports events, players enjoy a variety of betting options paired with highly competitive odds.

In addition to traditional win/loss and spread bets, BC.GAME supports advanced betting features such as live handicaps, mid-match parlays, and combo bets. Real-time data feeds ensure up-to-date match information, and with Web3 integration, players can bet using various cryptocurrencies with enhanced privacy and settlement efficiency.

During major sporting events, BC.GAME also rolls out exclusive prize pools, token-reward challenges, and community competitions—offering a rich and engaging betting environment for sports enthusiasts.

Innovation-Driven BC Originals and Next-Gen Game Modes

BC.GAME is more than a gaming platform—it’s a driver of innovation in Web3 entertainment. Its in-house BC Originals series has become a fan favorite, known for smooth gameplay and fair mechanics. Titles like BC Crash and Limbo have earned strong followings within the community.

The newly launched BC Poker blends crypto elements with traditional poker mechanics, allowing players to create private rooms, team up with friends, and use on-chain assets as in-game chips—bridging social and financial gameplay.

BC.GAME has also introduced Crypto Trading game modes, enabling players to predict market trends across three fast-paced options: High-Low Spread, Up-Down, and Futures. These modes merge strategy and entertainment, pushing the boundaries between gaming and decentralized finance.

Growing with Players for a Better Future

Since its founding, BC.GAME has remained true to a community-driven philosophy, where players are not just users but co-creators of the ecosystem. From supporting crypto payments and building Provably Fair systems, to launching multiple $BC airdrops, the platform has grown hand-in-hand with its community.

“We firmly believe that a truly sustainable Web3 gaming platform must be co-built with its community,” said Jack, CEO of BC.GAME. “Moving forward, we will continue to enhance the user experience and community value by expanding the $BC ecosystem—creating a more open, transparent, and rewarding world where every player can find their own stage.”

About BC.GAME

BC.GAME is a leading Web3 entertainment platform that blends blockchain technology with immersive online gaming. Since its launch, BC.GAME has operated with a core focus on community-driven innovation and decentralization, delivering diverse and dynamic experiences to users around the globe.

Supporting hundreds of cryptocurrencies, the platform offers access to over 8,000 slot games, immersive sports betting, BC Originals titles, and more—secured by Provably Fair technology for guaranteed fairness.

With the launch of its native $BC token, BC.GAME is rapidly building a next-generation entertainment ecosystem rooted in transparency, openness, and creative collaboration.

 

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SOURCE BC.GAME

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Universal Robots introduces its fastest ever cobot to enable unprecedented performance in collaborative automation

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DETROIT, May 13, 2025 /PRNewswire/ — Universal Robots (UR), the world’s leading collaborative robot (cobot) company, has today presented the newest addition to its portfolio, the UR15, at Automate in Detroit. The new cobot is available for orders now with shipping to begin in June.

With unparalleled motion capability and a maximum TCP speed of 5 m/s, UR15 is the fastest ever UR cobot, enabling reduced cycle times, increased productivity and reduced costs across applications and industries. For pick-and-place applications, the UR15 delivers up to 30% cycle time improvements compared to other UR models. All the while retaining the unique UR trademarks of lightweight design and small footprint to deliver unmatched flexibility for integration in tight workspaces.

“For 20 years, we’ve pushed the boundaries of collaborative automation, making it easier, safer and more powerful for businesses around the world,” said Tero Tolonen, Chief Product Officer. “Today, we take another leap forward with the UR15, which is designed specifically to operate at higher speeds with the smoothest performance in robotics today. This makes it a seamless fit for diverse production environments and provides our vast ecosystem of partners with an opportunity to boost existing applications and to develop new, transformative solutions that will take collaborative automation to the next level.”

Combined with OptiMove, UR’s new motion control technology, those gains go even further, enhancing trajectory smoothness and ensuring consistently accurate movements – even in high-speed and high-payload applications.

Powered by PolyScope X, AI ready
UR15 runs with both PolyScope 5 and PolyScope X, UR’s industry-leading software platform, and is ready to be supercharged with AI to enable unmatched usability. The UR15 can easily be used with the UR AI Accelerator, UR’s toolkit for developing AI-powered applications. The UR AI Accelerator is developed in collaboration with NVIDIA using NVIDIA Isaac‘s™ CUDA-accelerated libraries and models and running on the NVIDIA Jetson AGX Orin™ system-on-module.

At the Automate show this week,  3D Infotech will demonstrate a turnkey quality inspection process with the UR15 and UR AI Accelerator demonstrating the potential of physical AI in the UR15. 

Designed for flexibility, efficiency and reliability
The UR15 has a payload of 15 kg (33 lbs) which can be increased to 17.5 kg (38.58 lbs) for applications with wrist-down orientation, such as palletizing. UR15 is a versatile cobot designed to empower multiple applications and industries – each with their own unique challenges where flexibility, efficiency and reliability are critical.

Three of these industries are:

Automotive, where space is tight, and flexibility is key. Here UR15’s small footprint and full work envelope delivers performance without compromising space or speed. Common automotive applications historically limited by the production speed of cobots – such as automated bin picking, machine tending and inspection – can now be significantly sped up while retaining the highest level of precision.Metal and machining, where environments can be harsh. The UR15 offers improved ingress protection, IP65, and high payload capability – combined with easy deployment.Electronics and tech, requiring precision and compact design. With cleanroom class excellence, compact form and exceptional motion control, UR15 is ready for high-speed pick and place and smooth integration with AMRs and AGVs.

Tero Tolonen, Chief Product Officer, added: “When designing our products we start with the needs of our widely diverse customer base. Each industry has a unique set of requirements which shape our approach to both our cobots and our ecosystem solutions. The UR15 will help customers to meet the challenges of today and seize the opportunities of tomorrow.”

A cobot for every need
UR15 joins the UR20 and UR30 in UR’s new high-performance series, the UR Series, designed for those who need higher payloads, advanced capabilities and certifications for demanding environments.

“We’ve also updated our trusted e-Series,” said Tero Tolonen, explaining how the UR5e gets a 2.5 kg (5.5 lbs) payload upgrade to unlock more potential in existing setups and that the UR10e, which already carries 12.5 kg (27.55 lbs), will be renamed. “And to better reflect their capabilities, we’re introducing new names: UR7e and UR12e. Same versatility and trusted performance, but clearer names and more power where it counts.”

In addition to UR7e and UR12e, the e-Series also consists of UR3e and UR16e.

UR15 is available for orders now with shipping to begin in June. UR7e and UR12e are ready for immediate delivery.

See image collection of UR15 here.

About Universal Robots   
Universal Robots is a global leader in collaborative robotics (cobots), used across a wide range of industries. Our mission is simple: Automation for anyone. Anywhere. With over 100,000 cobots sold worldwide, our user-friendly platform is supported by intuitive PolyScope software, award-winning training, comprehensive services, and the world’s largest cobot ecosystem, delivering innovation and choice to our customers.

Universal Robots is part of Teradyne Robotics, a division of Teradyne (NASDAQ:TER), a leading supplier of automatic test equipment and advanced robotics technology. For more information, please visit www.universal-robots.com.

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