Product Code: GVR-4-68038-876-3
Electric Vehicle Battery Thermal Management Systems Market Growth & Trends:
The global electric vehicle battery thermal management systems market size is expected to reach USD 29.09 billion by 2030, registering a CAGR of 32.9% from 2025 to 2030, according to a new report by Grand View Research, Inc. Thermal management systems are used in electric vehicles (EVs) for maintaining the heating temperature of the batteries used in these vehicles. These batteries provide power to the motors for the traction of the vehicle and therefore, the vehicle movement is entirely dependent on battery health. Hence, the need to control the battery heat becomes critical for the seamless operation of EVs.
Stringent government regulations have been observed in various nations for controlling the carbon emissions from the vehicles. Also, governments are taking initiatives to boost the adoption of EVs. For instance, the Chinese government has waived off the purchase taxes on EVs till 2020. In addition, most of the countries are planning for a complete transformation from Internal Combustion Engine (ICE) vehicles to battery EVs. As a result, the sales of new and more efficient EVs have increased. This trend is expected to fuel the growth of the overall market in the coming years.
Automobile manufacturers across the globe are increasingly investing in R&D to develop new methods and systems for maintaining & controlling the battery temperatures. For instance, in 2019, Robert Bosch GmbH announced a cloud-connected software service for battery management, which is capable of monitoring and managing the electric battery remotely. Such innovations and developments are projected to bolster the market growth.
Electric Vehicle Battery Thermal Management Systems Market Report Highlights:
- The passive segment accounted for a dominant revenue share of 78.2% in the global EV battery thermal management systems industry in 2024. Passive systems witness a healthy demand in the automotive sector, as they are cost-effective and simple to install.
- The active segment is expected to grow at the highest CAGR during the forecast period due to the growing popularity of high-performance EVs that necessitate optimal battery performance and longevity.
- The passenger vehicle segment accounted for a dominant revenue share in the global EV battery thermal management systems market in 2024. The widespread availability of passenger electric vehicles globally and the increasing pace of government initiatives to boost consumer product awareness have aided market growth.
- The commercial vehicles segment is anticipated to grow at a substantial CAGR from 2025 to 2030 in the electric vehicle battery thermal management systems industry.
- The Asia Pacific EV battery thermal management systems market held the largest revenue share of 41.4% globally in 2024, owing to the extensive adoption of passenger and commercial electric vehicles among regional consumers.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country Based Segment Share Calculation
- 1.8. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Electric Vehicle Battery Thermal Management Systems Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Drivers Analysis
- 3.2.2. Market Restraints Analysis
- 3.2.3. Industry Challenges
- 3.3. Electric Vehicle Battery Thermal Management Systems Market Analysis Tools
- 3.3.1. Porter's Analysis
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political Landscape
- 3.3.2.2. Economic and Social Landscape
- 3.3.2.3. Technological Landscape
- 3.3.2.4. Environmental Landscape
- 3.3.2.5. Legal Landscape
Chapter 4. Electric Vehicle Battery Thermal Management Systems Market: System Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Electric Vehicle Battery Thermal Management Systems Market: System Movement Analysis, USD Million, 2024 & 2030
- 4.3. Active
- 4.3.1. Active Systems Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Passive
- 4.4.1. Passive Systems Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Electric Vehicle Battery Thermal Management Systems Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Electric Vehicle Battery Thermal Management Systems Market: Application Movement Analysis, USD Million, 2024 & 2030
- 5.3. Passenger Vehicles
- 5.3.1. Passenger Vehicles Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Commercial Vehicles
- 5.4.1. Commercial Vehicles Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Electric Vehicle Battery Thermal Management Systems Market: Regional Estimates & Trend Analysis
- 6.1. Electric Vehicle Battery Thermal Management Systems Market Share, By Region, 2024 & 2030 (USD Million)
- 6.2. North America
- 6.2.1. North America Electric Vehicle Battery Thermal Management Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.2. U.S.
- 6.2.2.1. U.S. Electric Vehicle Battery Thermal Management Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.3. Canada
- 6.2.3.1. Canada Electric Vehicle Battery Thermal Management Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.4. Mexico
- 6.2.4.1. Mexico Electric Vehicle Battery Thermal Management Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3. Europe
- 6.3.1. Europe Electric Vehicle Battery Thermal Management Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.2. UK
- 6.3.2.1. UK Electric Vehicle Battery Thermal Management Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.3. Germany
- 6.3.3.1. Germany Electric Vehicle Battery Thermal Management Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.4. France
- 6.3.4.1. France Electric Vehicle Battery Thermal Management Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Electric Vehicle Battery Thermal Management Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.2. China
- 6.4.2.1. China Electric Vehicle Battery Thermal Management Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.3. Japan
- 6.4.3.1. Japan Electric Vehicle Battery Thermal Management Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.4. India
- 6.4.4.1. India Electric Vehicle Battery Thermal Management Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.5. Australia
- 6.4.5.1. Australia Electric Vehicle Battery Thermal Management Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.6. South Korea
- 6.4.6.1. South Korea Electric Vehicle Battery Thermal Management Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Latin America
- 6.5.1. Latin America Electric Vehicle Battery Thermal Management Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.2. Brazil
- 6.5.2.1. Brazil Electric Vehicle Battery Thermal Management Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Middle East and Africa
- 6.6.1. Middle East and Africa Electric Vehicle Battery Thermal Management Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.2. UAE
- 6.6.2.1. UAE Electric Vehicle Battery Thermal Management Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.3. Saudi Arabia
- 6.6.3.1. Saudi Arabia Electric Vehicle Battery Thermal Management Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.4. South Africa
- 6.6.4.1. South Africa Electric Vehicle Battery Thermal Management Systems Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Company Categorization
- 7.2. Company Market Positioning
- 7.3. Company Heat Map Analysis
- 7.4. Company Profiles
- 7.4.1. Robert Bosch GmbH
- 7.4.1.1. Participant's Overview
- 7.4.1.2. Financial Performance
- 7.4.1.3. Product Benchmarking
- 7.4.1.4. Recent Developments/ Strategic Initiatives
- 7.4.2. GENTHERM
- 7.4.2.1. Participant's Overview
- 7.4.2.2. Financial Performance
- 7.4.2.3. Product Benchmarking
- 7.4.2.4. Recent Developments/ Strategic Initiatives
- 7.4.3. Valeo
- 7.4.3.1. Participant's Overview
- 7.4.3.2. Financial Performance
- 7.4.3.3. Product Benchmarking
- 7.4.3.4. Recent Developments/ Strategic Initiatives
- 7.4.4. Dana Limited
- 7.4.4.1. Participant's Overview
- 7.4.4.2. Financial Performance
- 7.4.4.3. Product Benchmarking
- 7.4.4.4. Recent Developments/ Strategic Initiatives
- 7.4.5. MAHLE GmbH
- 7.4.5.1. Participant's Overview
- 7.4.5.2. Financial Performance
- 7.4.5.3. Product Benchmarking
- 7.4.5.4. Recent Developments/ Strategic Initiatives
- 7.4.6. Hanon Systems
- 7.4.6.1. Participant's Overview
- 7.4.6.2. Financial Performance
- 7.4.6.3. Product Benchmarking
- 7.4.6.4. Recent Developments/ Strategic Initiatives
- 7.4.7. VOSS Automotive, Inc
- 7.4.7.1. Participant's Overview
- 7.4.7.2. Financial Performance
- 7.4.7.3. Product Benchmarking
- 7.4.7.4. Recent Developments/ Strategic Initiatives
- 7.4.8. 3M
- 7.4.8.1. Participant's Overview
- 7.4.8.2. Financial Performance
- 7.4.8.3. Product Benchmarking
- 7.4.8.4. Recent Developments/ Strategic Initiatives
- 7.4.9. Grayson Automotive Services Limited
- 7.4.9.1. Participant's Overview
- 7.4.9.2. Financial Performance
- 7.4.9.3. Product Benchmarking
- 7.4.9.4. Recent Developments/ Strategic Initiatives
- 7.4.10. Polymer Science, Inc.
- 7.4.10.1. Participant's Overview
- 7.4.10.2. Financial Performance
- 7.4.10.3. Product Benchmarking
- 7.4.10.4. Recent Developments/ Strategic Initiatives
- 7.4.11. PARKER HANNIFIN CORP
- 7.4.11.1. Participant's Overview
- 7.4.11.2. Financial Performance
- 7.4.11.3. Product Benchmarking
- 7.4.11.4. Recent Developments/ Strategic Initiatives
- 7.4.12. NeoGraf
- 7.4.12.1. Participant's Overview
- 7.4.12.2. Financial Performance
- 7.4.12.3. Product Benchmarking
- 7.4.12.4. Recent Developments/ Strategic Initiatives