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Battery Thermal Management System Market to Reach $7.3 Billion, Globally, by 2030 at 12.4% CAGR: Allied Market Research

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Proper thermal management in electric vehicles (EVs) is crucial for ensuring safety by preventing overheating, thermal runaway, and potential battery fires. Thermal management systems monitor and regulate the temperature of the battery pack during operation. These systems prevent excessive heat buildup that could lead to overheating by keeping the battery within safe operating limits.

WILMINGTON, Del., Sept. 23, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Battery Thermal Management System Market by Propulsion (Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV)), Technology (Active Systems and Passive Systems), Vehicle Type (Passenger Vehicles, Commercial Vehicles and Others), Battery Type (Lithium-Ion Battery and Nickel-Metal Hydride (NiMH) Battery, Lead-Acid Battery, Solid-State Battery): Global Opportunity Analysis and Industry Forecast, 2024-2030″. According to the report, the battery thermal management system market was valued at $3.2 billion in 2023, and is estimated to reach $7.3 billion by 2030, growing at a CAGR of 12.4% from 2024 to 2030.

Download PDF Brochure: https://www.alliedmarketresearch.com/request-sample/A15776 

Prime determinants of growth

The global battery thermal management system market is experiencing growth due to shift towards electric vehicles. However, the initial investment required for integrating advanced BTMS in vehicles is expected to restrain the growth of the battery thermal management system market. Moreover, innovation in materials, software algorithms, and cooling/heating techniques presents opportunities to develop efficient and cost-effective battery thermal management system solutions during the forecast period.

Report coverage & details:

Report Coverage

Details

Forecast Period

2024–2030

Base Year

2023

Market Size in 2023

$3.2 billion

Market Size in 2030

$7.3 billion

CAGR

12.4 %

No. of Pages in Report

300

Segments Covered

Propulsion, Technology, Vehicle Type, Battery Type, and Region

Drivers

Increase in adoption of electric vehiclesIncrease in demand for energy storage solutions

Opportunity

Integration of Internet of Things (IoT) capabilities into the battery thermal management system

Restraint

High initial costs in developing and implementing advanced battery thermal management systems

The plug-in hybrid electric vehicles (PHEVs) segment is expected to remain the largest type throughout the forecast period.

Plug-in hybrid electric vehicles (PHEVs) represent a unique segment in the automotive industry, combining features of both traditional internal combustion engines (ICE) and electric propulsion systems. Unlike battery electric vehicles (BEVs), which rely solely on electric power stored in batteries, PHEVs integrate a smaller battery pack alongside an internal combustion engine. This hybridization allows PHEVs to offer extended range and flexibility, appealing to consumers who may have concerns about range anxiety or the availability of charging infrastructure.

Procure Complete Report (300 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/battery-thermal-management-system-market

The active system segment is expected to lead throughout the forecast period.

Active systems actively control the temperature of batteries using mechanisms such as liquid cooling or air cooling with fans. They often involve pumps, coolants, and control systems to manage and regulate temperatures effectively. They offer better performance in terms of temperature control and maintaining optimal operating conditions for batteries, especially in more demanding applications such as electric vehicles (EVs) or grid storage systems. They provide more flexibility in adjusting to varying thermal loads and environmental conditions, which is crucial for ensuring battery longevity and safety.

The passenger vehicle dominated the battery thermal management system market throughout the forecast period.

Battery Thermal Management Systems (BTMS) play a crucial role in ensuring the efficient and safe operation of batteries in electric and hybrid vehicles. These systems are designed to regulate the temperature of the battery pack, which is essential for optimizing performance, prolonging battery life, and ensuring safety under various operating conditions. One of the primary functions of a BTMS is to maintain the battery pack within an optimal temperature range. Batteries perform best within a specific temperature range, typically between 15°C and 35°C (59°F and 95°F) . Operating outside this range can lead to reduced efficiency, decreased power output, and accelerated degradation of the battery cells. In cold climates, the BTMS may warm the battery pack to improve efficiency and prevent damage from low temperatures. Conversely, in hot climates or during heavy use, the system can cool the battery to prevent overheating and maintain performance.

The lithium-ion battery segment is expected to lead throughout the forecast period.

Battery thermal management systems (BTMS) play a crucial role in the performance, safety, and longevity of lithium-ion batteries, especially in applications ranging from electric vehicles (EVs) to portable electronics. These systems are designed to regulate the temperature of the battery pack to optimal levels during both operation and charging, mitigating the risks associated with temperature extremes. BTMS contribute significantly to safety by preventing thermal runaway—a critical concern in lithium-ion batteries. Thermal runaway occurs when a battery cell overheats, leading to a rapid increase in temperature that can propagate to neighboring cells, causing a chain reaction of overheating and potentially resulting in fire or explosion. BTMS uses various strategies such as cooling/heating elements, thermal insulation, and sophisticated control algorithms to detect and mitigate temperature spikes, thereby reducing the risk of thermal runaway incidents.

For Purchase Inquiry: https://www.alliedmarketresearch.com/battery-thermal-management-system-market/purchase-options

Asia-Pacific to maintain its dominance by 2030.

The Asia-Pacific region has witnessed a significant surge in the adoption of electric vehicles, driven by government incentives, environmental policies, and increasing consumer awareness of sustainable transportation. There is a corresponding increase in the demand for advanced BTMS as EV sales continue to rise across countries like China, Japan, South Korea, and India. These systems are essential for regulating battery temperature, optimizing performance, and preventing thermal runaway, particularly in diverse climatic conditions ranging from hot and humid to cold and dry.

Countries in the Asia-Pacific region are at the forefront of technological advancements in battery technology and thermal management. Companies and research institutions are developing innovative BTMS solutions tailored to local market needs and climate conditions. For example, in Japan, where there is a strong automotive and electronics industry, there is significant research into advanced cooling technologies to enhance battery performance and safety. Similarly, China, as the largest EV market globally, invests heavily in developing scalable BTMS solutions that can be integrated into mass-produced vehicles.

Players: –

Robert Bosch GmbHGENTHERMVALEODana LimitedMAHLE GmbHHanon SystemsVOSS Automotive, Inc3MGrayson Automotive Services LimitedContiTech Deutschland GmbH

The report provides a detailed analysis of these key players in the global battery thermal management system market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.  

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About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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American Doctors Return From Medical Mission In Conflict-Affected Syria

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Doctors treated life-threatening conditions, provided specialized care, and delivered critical training to local healthcare providers.

WASHINGTON, Sept. 23, 2024 /PRNewswire/ — Today, 24 Syrian American Medical Society (SAMS) volunteer doctors from the United States returned from a week-long medical mission to northwest Syria, where they provided life-saving medical care and specialized training to local healthcare providers. From September 15-20, 2024, the volunteer physicians conducted a wide range of medical interventions, including complex cardiac procedures, oncological and retina surgeries, pediatrics subspecialty clinics and intensive care consultations, impacting thousands of lives in a region devastated by conflict and last year’s disastrous earthquake.

SAMS Member and group leader of the mission, Dr. Bassel Atassi, an oncologist of Chicago, who completed the week-long mission in northwest Syria, shared, “During our mission, we carried out 277 surgeries and provided 1,367 consultations. Our focus was not only on treating patients but also on training local doctors in pathology, cardiology, and oncology and other essential practices to help them treat and local refugees. The knowledge transfer was crucial in ensuring that the impact of our work extends far beyond our time on the ground”

“This mission represents the unwavering commitment of our volunteers to provide life-saving care in some of the most challenging conditions imaginable,” said SAMS’ President Dr. Mufaddal Hamadeh. “We are proud of the medical impact made and the meaningful training and collaboration with local healthcare providers that will continue to benefit the region long after our departure. The resilience and courage of the people we serve inspire us to continue our vital work in Syria and beyond.”

The mission included a diverse array of medical services and training initiatives aimed at bolstering local healthcare capacity. Highlights included:

Pediatric and Adult Cardiology: Conducting echocardiograms, pacemaker implants, and catheter-based interventions for pediatric patients and performing adult cardiac surgeries, including coronary artery bypass grafting and valve surgeries.Oncology: Performing major surgeries in urological, gastrointestinal, and gynecological oncology while providing oncological consultations and training at SAMS-supported oncology centers.Specialized Consultations and Procedures: Retinal specialists performed vitrectomies and laser procedures, while intensive care specialists led ICU rounds and critical care consultations.Training and Education: The mission delivered hands-on training, crash courses, and a 2-day Pediatric Scientific Conference, focusing on pediatric specialties, benefiting over 200 general pediatricians in northwest Syria.

Syrians and refugees are still recovering from the earthquake that struck the border area in February 2023, but life is improving thanks to the work of SAMS and its countless volunteers and 2,400 staff in the region—nearly half of whom were displaced by the disaster.

For more information, contact:
Blaine Heck / 201-314-9506 / 383715@email4pr.com

About SAMS:
SAMS is a nonprofit, non-political organization that works on the front lines of crisis relief, providing medical and humanitarian assistance to the most vulnerable in Syria, its neighboring countries, and beyond. Last year, SAMS provided lifesaving medical services to 3.6 million people. For more information about SAMS, go to www.sams-usa.net.

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SOURCE Syrian American Medical Society

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Pyka Secures $40M Series B to Advance Commercialization of Dual-use Autonomous Electric Aircraft

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Funding will accelerate Pyka’s growth and further scale production of its autonomous aircraft for agriculture, defense, and commercial logistics.

ALAMEDA, Calif., Sept. 23, 2024 /PRNewswire/ — Pyka, an electric aviation technology leader that designs and manufactures large-scale autonomous electric aircraft, today announced a $40M Series B raise. The funding round was led by Obvious Ventures, with participation from both new and existing investors, including Piva Capital, Prelude Ventures, Metaplanet Holdings, and Y Combinator.

Pyka is rapidly commercializing autonomous electric aircraft by applying its technology to many of the world’s most critical flight missions, including agricultural crop protection, commercial cargo transportation, and defense logistics.

“This accomplishment is a significant milestone for Pyka,” said Michael Norcia, Co-Founder and Chief Executive Officer at Pyka. “We are designing, developing, and commercializing autonomous electric aircraft at a pace that few companies have been able to achieve. With commercial production well underway, and our aircraft deployed with customers on multiple continents, we are extremely proud of the progress we’ve made as a company thus far. This round of funding brings us one step closer to unlocking autonomous electric flight for society.”

The company currently produces the largest commercially-approved uncrewed aircraft system (UAS) in the United States and maintains active commercial operations across the U.S., Central America, and Brazil. Pyka’s portfolio of customers includes key players in the agriculture, commercial cargo, and defense logistics value chains, such as Dole, Embraer, Sierra Nevada Company, Heinen Brothers Agra Services, and Skyports Drone Services. In early 2024, Pyka delivered three aircraft to the United States Air Force as part of the Agility Prime program.

The new investment will accelerate Pyka’s growth across its dual-use product line. On the commercial side, it will support further investment in Pyka’s domestic manufacturing capabilities, boost production of its Pelican Spray and Pelican Cargo products, and enable expanded operations with both U.S. and international customers. Additionally, the Series B funds will advance the development of new capabilities to support contested logistics operations for the U.S. Department of Defense and allied partners.

“From the beginning, Pyka was focused on getting into the air and getting into business with commercial operations. Their cost-effective mindset and discipline caught our attention,” said Andrew Beebe, Managing Director at Obvious Ventures. “And what got us really excited was the passion of the team and their mission-driven focus on electrifying aviation and decarbonizing one of the worst offenders in the world.”

Pyka’s family of products includes Pelican Spray, a 1,320-lb, fully autonomous, and 100% electric aircraft designed for complex agricultural operations. The aircraft combines best-in-class spray precision and chemical drift reduction technologies to provide safe, clean, and cost-effective crop protection at scale. Pelican Spray is the largest FAA-approved UAS for agricultural operations and the most productive spray UAS on the Market.

Additionally, Pyka produces Pelican Cargo, the world’s first large-scale autonomous electric cargo aircraft capable of heavy-payload, long-range, and off-airport operation. The 100% electric aircraft can transport up to 400 lbs over a range of 200 miles. Pyka has partnered with Sierra Nevada Company to introduce RUMRUNNER, a modified edition of Pelican Cargo, to customers within the U.S. Department of Defense for sustainment in contested logistics operations.

All of Pyka’s products incorporate its proprietary autonomous flight engine and all-electric propulsion system to enable operations in the world’s most complex environments without putting human operators in harm’s way, at unprecedented cost savings to customers.

About Pyka:

Pyka is defining the future of safe, environmentally-friendly, and cost-effective aviation with autonomous electric airplanes for crop protection and cargo delivery. Pyka’s proprietary technology includes autonomous flight control software, flight computers, high energy density batteries, advanced electric propulsion systems, and carbon composite airframes. Learn more at www.flypyka.com.

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SOURCE Pyka

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#PlumeStrong Cycling Challenge 2024 Surpasses Goal by Raising over €610.000 for Street Child to Develop Secondary Schools in Sierra Leone

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PALO ALTO, Calif., Sept. 23, 2024 /CNW/ — Plume completed its fourth annual #PlumeStrong Cycling Challenge (#PSCC24) – a 5-stage 824 km route from Zurich, Switzerland to Venice, Italy that took place from September 2-6, 2024. The #PSCC is a fundraiser to benefit #PlumeStrong, Plume’s social impact initiative with a mission to empower communities worldwide through meaningful initiatives that promote health, education, equality, efficiency, sustainability, technological innovation, and security. #PlumeStrong envisions a world where more individuals, particularly children, have access to education, resources, and opportunities.

During the five-day ride through the iconic mountain passes of Switzerland and Italy, Plume employees and corporate partners were joined by #PlumeStrong Ambassadors Tadej Pogačar, a three-time Tour de France winner, Urška Žigart, a Slovenian professional racing cyclist, currently riding for the Liv AlUla Jayco WorldTeam, Scott Ogden, English Grand Prix motorcycle racer currently competing in the 2024 Moto3 World Championship for MLav Racing, and Marko Baloh, Guinness & WUCA World Record Holder and elite ultra-cyclist and coach. 

Together, #PSCC24 and its supporters raised over €610,000 surpassing the initiative’s original target of €550,000. Recently, #PlumeStrong and its charity partner Street Child announced that the money raised during the #PSCC24 will be used to benefit Street Child’s work in Sierra Leone. The initial goal was to develop 15 rural secondary schools, providing quality education to over 1,500 children annually, teacher training, and the establishment of a community agriculture project to help sustain the school. Due to the excess funds already raised, #PlumeStrong and Street Child are now expanding the project to develop an additional 5 schools bringing the total number to 20.

Fahri Diner

“I am so proud of what the #PlumeStrong team achieved, said Fahri Diner, Founder and CEO of Plume. “We set a goal for this year’s ride and once again exceeded it. The #PlumeStrong Cycling Challenge 2024 (#PSCC24) was indeed a serious ‘challenge’ and not just a social ride – everyone who participated should feel an incredible sense of accomplishment. And more importantly, it was a successful fundraiser to help Street Child to provide additional educational opportunities for children. As is cycling, this was a beautifully orchestrated team effort, and we are so grateful for the commitment of our people, sponsors, partners, support teams and everyone who donated to the #PSCC24. On behalf of all of us at Plume, a big THANK YOU to all.”

Lucinda Dannatt

“We are thrilled by the success of the #PlumeStrong Cycling Challenge 2024, which has exceeded the initial fundraising goal, said Lucinda Dannatt, Director, Policy & Development and Co-Founder at Street Child. “Thanks to the incredible dedication of #PlumeStrong and its supporters, Street Child can now develop an additional 5 secondary schools, bringing the total to 20 schools and ensuring that at least 2,000 children in Sierra Leone will have the opportunity to receive a quality education. A huge thank you to everyone who braved the 800 km of mountain passes or supported us through donations and sponsorships. Your commitment has made this remarkable achievement possible.”

Tadej Pogačar

“Participating in the #PlumeStrong challenge is a point of pride in my life, and I am thrilled to have ridden again with #PlumeStrong,” said Tadej Pogačar. “I recognize the importance of giving back to those in need and this cycling challenge is one of my favorite ways to do so. The money being raised today will impact those in Sierra Leone and beyond, and I’m honored to be part of this great effort.”

Urška Žigart

“It’s a privilege to be a part of this incredible community of individuals all focused on providing opportunities to communities around the world,” said Urška Žigart. “Becoming a #PlumeStrong Ambassador is a milestone for me, made sweeter by the fact that we’re building a bridge to the cycling world. I look forward to participating in these challenges for years to come.”

Watch the #PSCC24 recap video here: https://www.youtube.com/watch?v=N2mPn2VA_nI 

Media queries:
Plume: corporatecomms@plume.com
Street Child: ben.weich@street-child.org 

About Plume
Plume is the creator of the world’s first SaaS experience platform for communications service providers (CSPs) and their subscribers, deployed in more than 60 million locations globally. As the only open and hardware-independent, cloud-controlled solution, Plume enables the rapid delivery of new services for smart homes, small businesses and beyond, at massive scale. On the front end, Plume delivers self-optimizing, adaptive WiFi, cybersecurity, access, parental controls and more. CSPs get robust data- and AI-driven back-end applications for unprecedented visibility, insights, support, operations and marketing. Plume leverages OpenSync®, an open-source framework that comes pre-integrated and supported on the leading silicon, CPE and platform SDKs.

Visit plume.com, plume.com/homepass, plume.com/workpass, plume.com/uprise, and opensync.io.

Follow Plume on LinkedIn and Instagram

© 2024 Plume Design, Inc. All rights reserved. Adaptive, Advanced loT Protection, Concierge, Flow, Harvest, Haystack, HomePass, OpenSync, Plume, Plume Adaptive WiFi, Plume IQ, Powered by Plume, Signal, SuperPod, WorkPass, Work From Here, WorldPass, and the Plume and OpenSync Logos, among others, are trademarks or registered trademarks of Plume Design, Inc. See trademark guidelines.

About Street Child
Street Child is one of the world’s fastest-growing international children’s charities, established in 2008. Street Child works to ensure children are safe, in school and learning even, and especially, in low resource environments and emergencies. The charity works with an expanding network of local organisations and a focus on the power and purpose of inspirational local level organisations sits at the heart of all they do – and has done so since the first partnership in Sierra Leone in 2008.

Today Street Child works in over 25 countries across sub-Saharan Africa, Asia, Europe and the Middle East.  

Learn more

Follow Street Child on LinkedIn and X

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SOURCE Plume Design, Inc.

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