Electric Vehicle Battery Thermal
Management Systems Market
Overview
Objective
The Electric Vehicle Battery Thermal Management Systems Market includes
cooling, heating, and advanced solutions to regulate battery temperature,
ensuring efficiency, longevity, and safety, driven by growing demand for
electric vehicles and sustainability.
Market Size
Market Share
Liquid Cooling
Systems – 45%
Air Cooling
Systems – 30%
Phase Change
Materials – 25%
2024
USD 5.2 BN
2034
USD 18.7 BN
CAGR > 13.7%
Knitted Textiles
25%
Liquid Cooling Systems
45%
Air Cooling Systems
30%
Regional Overview
Asia-Pacific – EV adoption, infrastructure investment,
energy efficiency
North America – Innovation, government incentives,
Europe – Sustainability focus, environmental
regulations, advanced solutions
Middle East & Africa – Growing awareness, EV potential
Latin America – EV adoption, government incentives,
automotive growth
Market Forecast
2024 Market Volume: 320 Million
Units
2028 Forecasted Volume: 540
Million Units
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