Electric Vehicle Battery Thermal Management Systems Market To Reach $29.09 Billion By 2030

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. 

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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.

Electric Vehicle Battery Thermal Management Systems Market Segmentation

Grand View Research has segmented the electric vehicle battery thermal management systems market on the basis of on system, application, and region:

Electric Vehicle Battery Thermal Management Systems System Outlook (Revenue, USD Million, 2018 - 2030)

• Active

• Passive

Electric Vehicle Battery Thermal Management Systems Application Outlook (Revenue, USD Million, 2018 - 2030)

• Passenger Vehicles

• Commercial Vehicles

Electric Vehicle Battery Thermal Management Systems Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • U.K.

  • France

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • South Korea

• Latin America

  • Brazil

• MEA

  • UAE

  • Saudi Arabia

  • South Africa

List of Key Players in the Electric Vehicle Battery Thermal Management Systems Market

• Robert Bosch GmbH

• GENTHERM

• Valeo

• Dana Limited

• MAHLE GmbH

• Hanon Systems

• VOSS Automotive, Inc

• 3M

• Grayson Automotive Services Limited

• Polymer Science, Inc.

• PARKER HANNIFIN CORP

• NeoGraf