Email
Print
EV Battery Cooling Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Cooling Type (Air Cooling, Liquid Cooling, Fan Cooling), By Battery Type (Lead Acid, Lithium Ion, Others), By Vehicle Type (Battery Electric Vehicles, Hybrid Electric Vehicles, Plug-In Hybrid Electric Vehicle), And By Geography - Forecasts From 2023 To 2030
The EV battery cooling market was valued at US$3.7 billion in 2022 and is projected to grow at a CAGR of 22.0% during the forecast period 2023-2030. The EV battery cooling market is on the cusp of remarkable expansion, propelled by the growing embrace of electric vehicles (EVs), which have gained favor for their eco-friendliness and cost-efficiency. Nonetheless, EVs confront a significant hurdle in the realm of battery cooling due to the substantial heat they generate, potentially jeopardizing their overall performance and longevity.
Within the domain of EV battery cooling, two primary systems take precedence: liquid cooling and air cooling. Liquid cooling, boasting superior heat dissipation capabilities, does, however, entail higher costs and greater intricacy compared to the more straightforward and economical air cooling systems. Presently, the majority of EVs on the market opt for liquid cooling solutions, but air cooling mechanisms are steadily making headway, particularly in the context of budget-oriented EVs and commercial vehicles.
In addition to the established titans of the industry, a multitude of smaller enterprises are pioneering innovations within the EV battery cooling sector. Some of these innovators are crafting cutting-edge cooling solutions employing phase change materials, renowned for their ability to absorb heat during the melting phase and release it as they solidify. These materials hold substantial promise in enhancing the efficacy of EV battery cooling systems, ushering in an era of more efficient and sustainable electric mobility.
The following are the key market drivers:
Increasing demand for electric vehicles (EVs): EVs are becoming more popular due to their many advantages over traditional gasoline-powered vehicles, including lower emissions, reduced operating costs, and better performance. This is driving the demand for EV battery cooling systems, as they are essential for maintaining the battery pack at a safe and optimal temperature.
Government regulations: Governments around the world are implementing regulations to reduce vehicle emissions and promote the adoption of EVs. This is also driving the demand for EV battery cooling systems, as they are necessary for EVs to meet these regulations.
Technological advancements: New EV battery technologies, such as solid-state batteries, are being developed with higher energy density and faster charging capabilities. However, these batteries also generate more heat, which requires more effective cooling systems. This is driving the development of new EV battery cooling technologies.
Cost reduction: The cost of EV battery cooling systems is decreasing, making them more affordable for automakers and consumers. This is making it easier for automakers to adopt EV battery cooling systems in their vehicles.
Market Snapshot:
EV Battery Cooling Market - Report Coverage:
The “EV Battery Cooling Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Sniper rifle Market.
EV Battery Cooling Market Report – Top Trends
Shift to liquid cooling: Liquid cooling is becoming the preferred cooling method for high-power EVs and EVs that operate in hot climates. This is due to the superior cooling performance and safety benefits of liquid cooling.
Rise of direct refrigerant cooling: Direct refrigerant cooling is a type of liquid cooling that uses a refrigerant, such as R134a, as the coolant. Direct refrigerant cooling is more efficient than traditional liquid cooling, but it is also more complex and expensive.
Integration with other vehicle systems: EV battery cooling systems are being integrated with other vehicle systems, such as the air conditioning system and the thermal management system, to improve the overall efficiency and performance of the vehicle.
Development of new cooling materials and technologies: New cooling materials and technologies are being developed to improve the performance and efficiency of EV battery cooling systems. For example, phase change material cooling is a promising new technology that can absorb large amounts of heat without significantly changing temperature.
Increasing focus on cost reduction: EV battery cooling systems can be expensive. This is driving the development of new, more cost-effective EV battery cooling technologies.
EV Battery Cooling Market - Company Product Analysis
Valeo ClimSpray: Valeo ClimSpray is a direct refrigerant cooling system that uses a refrigerant to absorb heat from the battery pack and then transfer it to a heat exchanger, where the heat is dissipated to the surrounding air. ClimSpray is one of the most efficient EV battery cooling systems on the market, and it is also relatively compact and lightweight.
Denso Direct Cooling System: Denso Direct Cooling System is another direct refrigerant cooling system that uses a refrigerant to absorb heat from the battery pack. Denso Direct Cooling System is known for its high cooling performance and reliability.
Mahle E-Thermal Management System: Mahle E-Thermal Management System is a liquid cooling system that uses a coolant, such as water or glycol, to absorb heat from the battery pack and then transfer it to a heat exchanger, where the heat is dissipated to the surrounding air. Mahle E-Thermal Management System is a versatile system that can be adapted to different types of EV battery packs and vehicle designs.
Hanon Systems Thermal Management System: Hanon Systems Thermal Management System is a liquid cooling system that uses a coolant to absorb heat from the battery pack and then transfer it to a heat exchanger, where the heat is dissipated to the surrounding air. Hanon Systems Thermal Management System is known for its high efficiency and low noise levels.
Behr Hella Thermocontrol Battery Thermal Management System: Behr Hella Thermocontrol Battery Thermal Management System is a liquid cooling system that uses a coolant to absorb heat from the battery pack and then transfer it to a heat exchanger, where the heat is dissipated to the surrounding air. Behr Hella Thermocontrol Battery Thermal Management System is a highly efficient and reliable system that is used by many major automakers.
Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Market. The top 10 companies in this industry are listed below:
- Valeo
- Denso
- Mahle
- Hanon Systems
- Behr Hella Thermocontrol
- Calsonic Kansei
- Panasonic
- LG Chem
- Samsung SDI
- SK On
- AESC
Scope of Report:
Key Market Players
1. Denso
2. Valeo
3. Mahle
4. Hanon Systems
5. Behr Hella Thermocontrol
6. Calsonic Kansei
7. Panasonic
8. LG Chem
9. Samsung SDI
10. SK On
1. EV Battery Cooling Market- Overview
1.1. Definitions and Scope
2. EV Battery Cooling Market- Executive Summary
2.1. CXO Perspective
3.EV Battery Cooling Market- Comparative Analysis
3.1.Company Benchmarking - Key Companies
3.2.Global Financial Analysis - Key Companies
3.3.Market Share Analysis - Key Companies
3.4.Patent Analysis
3.5.Pricing Analysis
4.EV Battery Cooling Market- Start-up Companies Scenario (Premium)
4.1.Key Start-up Company Analysis by
4.2.Investment
4.3.Revenue
4.4.Venture Capital and Funding Scenario
5.EV Battery Cooling Market– Market Entry Scenario Premium (Premium)
5.1.Regulatory Framework Overview
5.2.New Business and Ease of Doing Business Index
5.3.Case Studies of Successful Ventures
6.EV Battery Cooling Market- Forces
6.1.Market Drivers
6.2.Market Constraints
6.3.Market Challenges
6.4.Porter's Five Force Model
6.5.Bargaining Power of Suppliers
6.6.Bargaining Powers of Customers
6.7.Threat of New Entrants
6.8.Rivalry Among Existing Players
6.9.Threat of Substitutes
7.EV Battery Cooling Market– Strategic Analysis
7.1.Value Chain Analysis
7.2.Opportunities Analysis
7.3.Market Life Cycle
8.EV Battery Cooling Market– By Cooling Type (Market Size – $Million/$Billion)
8.1.Market Overview
8.1.1 Market Trends by Region
8.1.2 Market Share & Forecast by Region
8.2.Air Cooling
8.2.1 Market Trends by Region
8.2.2 Market Share & Forecast by Region
8.3. Liquid Cooling
8.3.1. Key Market Trends, Growth Factors and Opportunities
8.3.2. Market Size and Forecast, By Region
8.3.3. Market Share Analysis, By Country
8.4. Fan Cooling
8.4.1. Key Market Trends, Growth Factors and Opportunities
8.4.2. Market Size and Forecast, By Region
8.4.3. Market Share Analysis, By Country
9.EV Battery Cooling Market– By Battery Type (Market Size – $Million/$Billion)
9.1.Market Overview
9.1.1 Market Trends by Region
9.1.2 Market Share & Forecast by Region
9.2.Lead Acid
9.2.1 Market Trends by Region
9.2.2 Market Share & Forecast by Region
9.3. Lithium Ion
9.3.1 Market Trends by Region
9.3.2 Market Share & Forecast by Region
9.4. Others
9.4.1. Key Market Trends, Growth Factors and Opportunities
9.4.2. Market Size and Forecast, By Region
9.4.3. Market Share Analysis, By Country
10.EV Battery Cooling Market– By Vehicle Type (Market Size – $Million/$Billion)
10.1.Market Overview
10.1.1 Market Trends by Region
10.1.2 Market Share & Forecast by Region
10.2. Battery Electric Vehicles
10.2.1 Market Trends by Region
10.2.2 Market Share & Forecast by Region
10.3. Hybrid Electric Vehicles
10.3.1. Key Market Trends, Growth Factors and Opportunities
10.3.2. Market Size and Forecast, By Region
10.3.3. Market Share Analysis, By Country
10.4. Plug-In Hybrid Electric Vehicle
10.4.1. Key Market Trends, Growth Factors and Opportunities
10.4.2. Market Size and Forecast, By Region
10.4.3. Market Share Analysis, By Country
11. EV Battery Cooling Market– By Region (Market Size – $Million/$Billion)
11.1. Market Overview.
11.1.1. The U.S.
11.1.2. Canada
11.1.3. Mexico
11.2. Europe
11.2.1. UK
11.2.2. Germany
11.2.3. France
11.2.4. Italy
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Asia-Pacific
11.3.1. China
11.3.2. India
11.3.3. Japan
11.3.4. South Korea
11.3.5. Australia & New Zealand
11.3.6. Rest of Asia-Pacific
11.4. LAMEA
11.4.1. Brazil
11.4.2. Argentina
11.4.3. Chile
11.4.4. Colombia
11.4.5. Rest of South America
11.5. North America
11.5.1. Middle East
11.5.2. Africa
12. EV Battery Cooling Market– Entropy
12.1. New product launches
12.2. M&A's, collaborations, JVs and partnerships
13. EV Battery Cooling Market– Industry/Segment Competition Landscape Premium
13.1. Market Share Analysis
13.1.1. Market Share by Product Type – Key Companies
13.1.2. Market Share by Region – Key Companies
13.1.3. Market Share by Country – Key Companies
13.2. Competition Matrix
13.3. Best Practices for Companies
14. EV Battery Cooling Market– Key Company List by Country Premium Premium
15. EV Battery Cooling Market- Company Analysis
15.1 Denso
15.2 Valeo
15.3 Mahle
15.4 Hanon Systems
15.5 Behr Hella Thermocontrol
15.6 Calsonic Kansei
15.7 Panasonic
15.8 LG Chem
15.9 Samsung SDI
15.10 SK On
15.11 Hitachi Automotive Systems, Ltd
15.12 Magna International Inc.
15.13 Nidec Corporation
15.14 Sanden Corporation
15.15 Visteon Corporation
15.16 WEG Industries SA
15.17 Yutaka Technologies Inc.
15.18 Aisin Seiki Co., Ltd
15.19 BorgWarner Inc.
15.20 Continental AG
"Financials to the Private Companies would be provided on a best-effort basis."
Connect with our experts to get customised reports that best suit your requirements. Our
reports include global-level data, niche markets and competitive landscape.
The EV Battery Cooling Market is projected to grow at 22.0%CAGR during the forecast period 2023-2030.
EV Battery Cooling Market size is estimated to reach $ 3.7 billion by 2030
The leading players in the EV Battery Cooling Market are Valeo, Denso, Mahle, Hanon Systems, Behr Hella Thermocontrol, Calsonic Kansei, Panasonic, LG Chem, Samsung SDI, SK On, AESC