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

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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.
Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=184479896

Browse in-depth TOC on “Battery Thermal Management System Market“
100 – Tables100 – Figures400 – Pages
Battery Thermal Management System Market Scope:

Report Coverage

Details

Market Revenue in 2024

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USD 3.7 Billion

Estimated Value by 2030

USD 8.5 Billion

Growth Rate

Poised to grow at a CAGR of 14.7%

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Market Size Available for

2019–2030

Forecast Period

2024-2030

Forecast Units

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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

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Geographies Covered

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

Report Highlights

Updated financial information / product portfolio of players

Key Market Opportunities

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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.

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Sungrow Shares 10 Major Technological Trends in Renewable Energy Industry

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Sungrow, the global leading PV inverter and energy storage system provider, shared 10 major technological trends at the recent Ph.D Talk event in Shanghai. With an investment of 2.45 billion yuan (approximately 347 million) in R&D throughout 2023, the company stands at the forefront of technological innovation. Embracing their brand-new tagline “Bridge to a Sustainable Future”, Sungrow is dedicated to bridging the gap and making clean energy accessible to everyone.
Ph.D. Xu Jun, Vice President of Sungrow Research Center, highlighted 10 Major Technological Trends at Ph.D. Talk:

The Application of New Semiconductor DevicesTo achieve net-zero carbon emissions, advancements in energy generation, transmission, and conversion efficiency are crucial. According to Diamfab, diamond has the potential to become the ultimate WBG semiconductor material for high-power electronics. Diamond possesses ideal characteristics for high-voltage operation, high-temperature applications, and high-frequency switching, with a critical electric field 30 times higher than Si and 3 times higher than SiC.
The Extended Utilization of Solid-State Transformer (SST) Technology and Medium-Voltage Photovoltaic (PV) InvertersThe medium-voltage PV power generation system based on SST technology offers a higher power density compared to traditional solutions, with an overall improvement in conversion efficiency. In the future, SST technology may find applications in MW-level charging stations, HVDC power supply systems for data centers, energy routers, and more. Notably, Sungrow developed the world’s first 35kV SST-based PV inverter in 2022.
Further Enhancement of Direct Current (DC) Voltage Level in PV SystemsThe increase of DC voltage in PV systems not only increases power density and efficiency but also reduces infrastructure and maintenance costs. Notably, Sungrow achieved a groundbreaking milestone by becoming the world’s first company to introduce the 2000V solar-plus-storage high-voltage system and successfully integrating it into the grid in Yulin, Shaanxi.
Improving the Overall Lifecycle Efficiency of PV Power Plants through Digitization and AISungrow has introduced the concept of DEPCO (Development, Engineering, Procurement, Construction, Operation), bringing about comprehensive digitization to renewable energy power plants. The company has developed cutting-edge software solutions, namely iSolarTool for optimizing the design of large-scale PV power plants, and iSolarBP for commercial and industrial PV assessment and design. By leveraging AI intelligence, these innovative tools enable end-to-end system optimization, effectively boosting the efficiency and profitability of renewable energy development. Currently, these solutions are in the industry trial phase.
“PE Agent,” a Power Electronic Designer Based on Large Language Model (LLM)During the energy transition, AI intelligence will play an increasingly significant role. PE Agent  can facilitate seamless communication between AI and AI, as well as between AI and humans, enabling intelligent management of the entire process of power electronics design and achieving “self-learning” and “self-evolution.”
High Voltage Direct Current (HVDC) TechnologyHVDC systems provide faster active power flow control compared to the more established CSC-HVDC technology. Additionally, they offer flexible and enhanced reactive power controllability at both converter terminals.
Source-Grid-Load-Storage Integration: Driving the Rapid Development of Energy Bases and Future Urban ConstructionThe construction strategy for the source-grid-load-storage operation mode in renewable energy integration can leverage multiple energy sources, enhance grid capacity for renewable energy integration and economic efficiency of active distribution grid operations.
Grid-Forming (GFM) TechnologyGFM technology provide rapid, accurate, and standardized dynamic responses to grid faults and disturbances. It offers strong support for the stable operation of new power systems in various application scenarios.
Virtual Power Plants (VVPs)VVPs are networks comprising small-scale energy-producing or storage devices, such as solar panels and batteries, that are aggregated to serve the electricity grid. With the consent of their owners, the energy generated by these devices can be accessed by utilities during periods of high demand or saved for future use.
Green HydrogenThe off-grid solar-hydrogen solution, IGBT-based hydrogen production rectifier power supply, and the integration of hydrogen for complete energy self-sufficiency in residential buildings with PV and battery storage systems can further enhance energy efficiency.

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Spark Education Receives “Remote Learning Innovation Award” in 2024 EdTech Breakthrough Awards Program

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Spark Education (“Spark” or “the Company”), a global leader in providing interactive small group classes for students from Pre-K through elementary school, today announced that it received the “Remote Learning Innovation Award” in the 6th annual EdTech Breakthrough Awards program conducted by EdTech Breakthrough, a leading market intelligence organization that recognizes the top companies and solutions in the global educational technology market.
As a supplementary and enrichment learning provider, Spark Education’s purpose-built platform allows students to take classes from anywhere with an internet connection. With real-time interaction between students and teachers, studio-quality animations, and gamified exercises, Spark Math uses research-proven pedagogy based on Singapore Math and is aligned with the Common Core State Standards. The program reimagines math learning with an online small group format, providing real-time teaching, interactive courseware, and personalization through a proprietary dual-interface classroom platform.
“We know we’re on the right track with our students excelling both in Math and beyond as they develop presentation and communication skills. Many of our students have also been recognized in international math competitions,” said Tina Chen, Vice President at Spark Education Group. “We are pleased to accept this award from EdTech Breakthrough in recognition of our efforts in continuously innovating to provide the best learning experience for students that is efficient and effective, while nurturing a love for learning.”
The mission of the EdTech Breakthrough Awards is to honor excellence and recognize the innovation, hard work and success in a range of educational technology categories, including Student Engagement, School Administration, Adaptive Learning, STEM Education, Remote Learning, Career Preparation and many more. This year’s program attracted thousands of nominations from over 17 different countries throughout the world.
“Spark Education combines technology with proven pedagogy and child psychology to make learning fun, efficient, and effective. Though remote learning has become the norm in many situations, value should still be placed on the personal touch of passionate teachers and the social-emotional benefits of peer learning,” said Steve Johansson, managing director, EdTech Breakthrough. “With Spark, students receive the right level of challenges and coaching to progress at their own pace while also benefiting from peer learning. Spark deserves our ‘Remote Learning Innovation Award’ for its contributions to education through technology, and empowering students to achieve their full potential.”
Spark’s flagship Spark Math program utilizes proprietary interactive courseware and a curriculum that emphasizes the Concrete-Pictorial-Abstract (CPA) approach. The CPA approach is traditionally conducted using manipulatives or chalkboard drawings, but Spark Math is able to make the process much more efficient and fun with its interactive animation and gamified exercises. By connecting lessons to real-life scenarios, Spark Math facilitates student understanding and application of concepts. Courseware content is custom-created in-house, and featuring high-quality animation and relatable characters that learn alongside the students. The program is accredited by STEM.org, and was also awarded “Best Interactive Learning Experience” at EdTech Asia Summit 2023 and a Parent and Teacher Choice Award Gold Medal Recipient.
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Eenovance Unveils Comprehensive Energy Storage Solutions at SNEC 2024

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At the 17th International Solar Photovoltaic and Smart Energy (Shanghai) Conference, Eenovance Energy proudly showcased its latest advancements in energy storage technology. The presentation featured a broad range of energy storage products and solutions, demonstrating Eenovance’s commitment to innovation and excellence in the energy sector.
Eenovance’s residential energy storage offerings include the MANA series, RT series, and CHAKRA series, designed for home energy storage systems ranging from 5 to 25kWh, with capacities extending up to 100kWh when multiple units are connected in parallel. These products provide safer, more convenient energy storage solutions for modern households.
As the world transitions to renewable energy, the instability and volatility of power supply present significant challenges. Commercial and industrial energy storage products from Eenovance offer unique advantages to address these issues. These solutions are essential for peak shaving, emergency backup power, dynamic capacity expansion, photovoltaic-storage-charging integration, microgrids, and grid quality management.
At SNEC 2024, Eenovance introduced the E-MATE series of commercial and industrial energy storage products, including the E-MATE 100-221-A air-cooled all-in-one system and the E-MATE 200-418-L liquid-cooled all-in-one system. These systems feature 314Ah high-capacity, long-life battery cells, modular designs for easy installation and maintenance, and efficient cooling management systems. Additional features include gas fire suppression systems, energy storage converters, and energy management systems.
For power generation and grid applications, Eenovance launched the next-generation G-Power 2500-5016-L string-type containerized energy storage system. This system integrates batteries and string PCS within a 20-foot standard container, offering a single cabinet capacity of 2.5MW/5MWh. It is designed for deep integration, safety, reliability, intelligence, and efficiency.
Eenovance Energy’s self-developed Battery Management Systems (BMS), Power Conversion Systems (PCS), and Energy Management Systems (EMS) offer advanced technical features and powerful functionalities. These technologies enhance the performance and efficiency of energy storage systems, providing users with a more convenient, efficient, safe, and reliable energy supply.
Looking ahead, Eenovance Energy remains dedicated to product research and development, continually enhancing its competitive edge. The company aims to create more efficient, stable, and secure integrated photovoltaic and energy storage solutions, catering to various application scenarios and modes. This commitment supports the global transition towards green energy development.
Eenovance Energy will attend the Intersolar Exhibition in Munich, Germany, on June 19, 2024. We look forward to meeting industry professionals and showcasing our latest innovations.
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