Global Battery Cooling System for Electric Vehicle Market Research Report 2023

The optimal operating temperature range of the power battery is about 20-30°C. At low temperature, the battery capacity is low, and the charge and discharge performance is poor; at high temperature, the battery cycle life will be shortened, and safety problems such as explosion may even occur at high temperature. Multiple battery cells form a battery pack in series and parallel mode, and the heat generated during charging and discharging affects each other. Keeping the power battery pack to work within a reasonable temperature range requires a sophisticated electric vehicle battery cooling system. The main components of the electric vehicle battery cooling system are a cooling plate, a cooler, an electronic water pump, and an electronic expansion valve.

According to Researcher's new survey, global Battery Cooling System for Electric Vehicle market is projected to reach US$ 3338.9 million in 2029, increasing from US$ 788 million in 2022, with the CAGR of 23.4% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Battery Cooling System for Electric Vehicle market research.

Global EV sales continued strong. A total of 10,5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021. China and Europe emerged as the main drivers of strong growth in global EV sales. In 2022, the production and sales of new energy vehicles in China reach 7.0 million and 6.8 million respectively, a year-on-year increase of 96.9% and 93.4%, with a market share of 25.6%. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. Among them, the sales volume of pure electric vehicles was 5.365 million, a year-on-year increase of 81.6%. In 2022, sales of pure electric vehicles in Europe will increase by 29% year-on-year to 1.58 million.

Report Scope

This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Battery Cooling System for Electric Vehicle market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.



By Company


Mahle

Valeo

Hanon Systems

Gentherm

Dana

Grayson



Segment by Type


Air Cooling System

Liquid Cooling System



Segment by Application


Battery Electric Vehicle (BEV)

Plug-in Hybrid Electric Vehicle (PHEV)


Production by Region



North America

Europe

China

Japan

South Korea

India


Consumption by Region


North America

U.S.

Canada

Europe

Germany

France

U.K.

Italy

Russia

Asia-Pacific

China

Japan

South Korea

China Taiwan

Southeast Asia

India

Latin America, Middle East & Africa

Mexico

Brazil

Turkey

GCC Countries

The Battery Cooling System for Electric Vehicle report covers below items:

Chapter 1: Product Basic Information (Definition, type and application)

Chapter 2: Manufacturers’ Competition Patterns

Chapter 3: Production Region Distribution and Analysis

Chapter 4: Country Level Sales Analysis

Chapter 5: Product Type Analysis

Chapter 6: Product Application Analysis

Chapter 7: Manufacturers’ Outline

Chapter 8: Industry Chain, Market Channel and Customer Analysis

Chapter 9: Market Opportunities and Challenges

Chapter 10: Market Conclusions

Chapter 11: Research Methodology and Data Source