PUBLISHER: The Business Research Company | PRODUCT CODE: 1779435
PUBLISHER: The Business Research Company | PRODUCT CODE: 1779435
Automotive Battery Thermal Management System Global Market Report 2025
An automotive battery thermal management system is a device designed to regulate and manage heat produced within battery cells during their electrochemical processes. It ensures safe and efficient battery operation by preventing excessive heat, thus mitigating accelerated battery degradation and maintaining optimal component functionality.
These systems employ various technologies such as PCM (Phase Change Material), liquid cooling and heating, air cooling and heating, among others. PCM serves as a protective circuit module for Li-Ion battery packs, guarding against overcharging, over-discharging, and over-draining to prevent potential hazards such as explosions or fires, thereby ensuring the safety of Li-Ion batteries. Automotive battery thermal management systems are utilized in two primary types of batteries such as conventional and solid-state. They find applications in both passenger and commercial vehicles.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The sharp rise in U.S. tariffs and ensuing trade tensions in spring 2025 are placing significant strain on the transport sector, especially in areas such as fleet maintenance and logistics. Increased duties on imported commercial vehicles, tires, and engine parts have driven up operating costs for trucking and freight firms, forcing them to either raise shipping rates or accept lower profit margins. Airlines and maritime operators are also under pressure, as tariffs on aircraft components and shipbuilding materials have pushed capital expenditures higher. Meanwhile, retaliatory tariffs in key export markets have weakened demand for U.S.-manufactured transportation equipment, further squeezing revenues. To cope, the industry is turning to fuel efficiency measures, alternative supply sources, and greater automation to manage rising costs while maintaining dependable service.
The automotive battery thermal management system market research report is one of a series of new reports from The Business Research Company that provides Automotive battery thermal management system market statistics, including Automotive battery thermal management system industry global market size, regional shares, competitors with an automotive battery thermal management system market share, detailed automotive battery thermal management system market segments, market trends and opportunities, and any further data you may need to thrive in the automotive battery thermal management system industry. This automotive battery thermal management system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The automotive battery thermal management system market size has grown rapidly in recent years. It will grow from $3.69 billion in 2024 to $4.34 billion in 2025 at a compound annual growth rate (CAGR) of 17.6%. The growth in the historic period can be attributed to government initiatives for electric vehicles, reducing the cost of EV batteries, and growing demand for electrical vehicles.
The automotive battery thermal management system market size is expected to see rapid growth in the next few years. It will grow to $8.46 billion in 2029 at a compound annual growth rate (CAGR) of 18.1%. The growth in the forecast period can be attributed to rapid growth in e-commerce, increasing fuel costs, and restrictions on sales of petrol and diesel vehicles. Major trends in the forecast period include focusing on advanced thermal interface materials to improve temperature resistance, developing smart battery thermal management techniques for better heating and cooling, developing innovative technologies, and focusing on partnerships and collaborations to expand product portfolio and geographic presence.
The forecast of 18.1% growth over the next five years reflects a modest reduction of 0.7% from the previous estimate for this market.This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through increased tariffs on heat exchangers, cooling pumps, and insulation materials sourced from Japan and Germany, resulting in costlier integration of thermal control in electric and hybrid vehicles.The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.
The growing demand for electric vehicles is anticipated to drive the growth of the automotive battery thermal management system market in the future. Factors such as rising fuel prices and carbon emissions are contributing to the rapid adoption of electric vehicles worldwide. This surge in electric vehicle demand is expected to enhance the use of automotive battery thermal management systems, which are essential for the safe and efficient operation of vehicles. For example, in August 2024, a report from The U.S. Energy Information Administration (EIA), a US-based agency, noted that the combined sales of hybrid vehicles, plug-in hybrid electric vehicles, and battery electric vehicles (BEVs) in the U.S. increased from 17.8% of total new light-duty vehicle (LDV) sales in Q1 2024 to 18.7% in Q2 2024. Consequently, the rising demand for electric vehicles is projected to elevate the need for automotive battery thermal management systems during the forecast period.
The rise in fuel costs is expected to positively impact the automotive battery thermal management system market during the forecast period. Fuel prices globally, particularly petrol prices, have been increasing, leading consumers to seek alternative energy options to manage costs and enhance sustainability. For instance, in September 2022, the Office for National Statistics, a US-based government department, reported that automotive fuel prices surged by 48% in July 2022 compared to 2021, indicating a substantial increase. As a result of these rising fuel prices, consumers are likely to shift toward electric vehicles, thereby increasing the demand for automotive battery thermal management systems.
The adoption of innovative solutions based on thermoelectric technology emerges as a prominent trend gaining traction in the automotive battery thermal management system market. Leading companies within the market are actively advancing their technologies and investing in research and development to meet industry demands and fortify their market positions. For example, in May 2022, Modine Manufacturing Company, a US-based manufacturer specializing in thermal management solutions, introduced the Evantage Thermal Management systems for commercial chassis. The Evantage BTMS optimizes the temperature range for a comprehensive range of batteries using a single unit while minimizing power draw.
Technological advancement stands out as a key trend in the automotive battery thermal management system market, with major players concentrating on the development of innovative technologies, including immersion cooling technology. This focus on innovation is essential for sustaining competitiveness in the market. Immersion cooling is a highly effective technique, providing 100% cell-to-coolant contact and ensuring better cell temperature homogeneity. As an illustration, in June 2022, Xing Mobility, a Taiwan-based provider of electric vehicle powertrain and battery technology, launched the IMMERSIOTM XM25 system. This integrated battery system incorporates a battery pack, a battery management system, and an active safety module based on immersion cooling technology. The IMMERSIOTM XM25 system enhances temperature uniformity, consequently improving the performance levels of battery cells, all while maintaining a remarkably lightweight design.
In April 2023, Autoneum Holding AG, a Switzerland-based manufacturer of vehicle acoustic and thermal insulation, acquired Borgers Automotive Group for an undisclosed sum. This acquisition is intended to bolster Autoneum's global leadership in sustainable acoustic and thermal management, while also expanding its product offerings in textile acoustics protection, insulation, and trim. Borgers Automotive Group, based in Germany, specializes in manufacturing automotive products with a focus on vehicle battery thermal management.
Major companies operating in the automotive battery thermal management system market include BorgWarner Inc, Robert Bosch GmbH, Hanon Systems, Valeo, Mahle GmbH, Denso Corporation, Panasonic Corporation, Dana Incorporated, Gentherm Incorporated, LG Chem Ltd, GS Yuasa International Ltd, Samsung SDI Co., Ltd, Contemporary Amperex Technology Co. Limited (CATL), Sunwoda Electronic Co, Tianneng Group, Chaowei Power Holdings Limited, Desay Battery Co. Ltd, BYD Company Limited, SVOLT Energy Technology Co Ltd, EVTronic, Britishvolt, Aceleron, Zenobe, Northvolt, Verkor, Italvolt, Fortum, Volkswagen, Bayerische Motoren Werke, Groupe Renault, Varta, SAFT, Enterex Polska Sp. z o.o, Behr Service Polska, Orion BMS, CapTherm Systems Inc, Modine Manufacturing Company, Grayson, Bravo Motor, Great Wall Motor, Horwin, Smart Modular Technologies, IntelBras, Tecsys, Byvin, HDK Electric Vehicles, Ingersoll Rand Inc, Polaris Industries, Speedway Electric, Eleksa EV, Melex Electrovehicles, GridCars, Mazibuko Motor Company, El Nasr Automotive Manufacturing Company
Asia-Pacific was the largest region in the automotive battery thermal management system market in 2024, and it is also expected to be the fastest-growing region in the forecast period. The regions covered in the automotive battery thermal management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the automotive battery thermal management system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
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Table of Contents
1. Executive Summary
2. Automotive Battery Thermal Management System Market Characteristics
3. Automotive Battery Thermal Management System Market Trends And Strategies
4. Automotive Battery Thermal Management System Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market
- 4.1. Supply Chain Impact from Tariff War & Trade Protectionism
5. Global Automotive Battery Thermal Management System Growth Analysis And Strategic Analysis Framework
- 5.1. Global Automotive Battery Thermal Management System PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
- 5.2. Analysis Of End Use Industries
- 5.3. Global Automotive Battery Thermal Management System Market Growth Rate Analysis
- 5.4. Global Automotive Battery Thermal Management System Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
- 5.5. Global Automotive Battery Thermal Management System Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
6. Automotive Battery Thermal Management System Market Segmentation
7. Automotive Battery Thermal Management System Market Regional And Country Analysis
8. Asia-Pacific Automotive Battery Thermal Management System Market
9. China Automotive Battery Thermal Management System Market
10. India Automotive Battery Thermal Management System Market
11. Japan Automotive Battery Thermal Management System Market
12. Australia Automotive Battery Thermal Management System Market
13. Indonesia Automotive Battery Thermal Management System Market
14. South Korea Automotive Battery Thermal Management System Market
15. Western Europe Automotive Battery Thermal Management System Market
16. UK Automotive Battery Thermal Management System Market
17. Germany Automotive Battery Thermal Management System Market
18. France Automotive Battery Thermal Management System Market
19. Italy Automotive Battery Thermal Management System Market
20. Spain Automotive Battery Thermal Management System Market
21. Eastern Europe Automotive Battery Thermal Management System Market
22. Russia Automotive Battery Thermal Management System Market
23. North America Automotive Battery Thermal Management System Market
24. USA Automotive Battery Thermal Management System Market
25. Canada Automotive Battery Thermal Management System Market
26. South America Automotive Battery Thermal Management System Market
27. Brazil Automotive Battery Thermal Management System Market
28. Middle East Automotive Battery Thermal Management System Market
29. Africa Automotive Battery Thermal Management System Market
30. Automotive Battery Thermal Management System Market Competitive Landscape And Company Profiles
31. Automotive Battery Thermal Management System Market Other Major And Innovative Companies
32. Global Automotive Battery Thermal Management System Market Competitive Benchmarking And Dashboard
33. Key Mergers And Acquisitions In The Automotive Battery Thermal Management System Market
34. Recent Developments In The Automotive Battery Thermal Management System Market
35. Automotive Battery Thermal Management System Market High Potential Countries, Segments and Strategies
36. Appendix
