Automotive Battery Thermal Management System Market

By Propulsion;

Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV) and Hybrid Electric Vehicle (HEV)

By Vehicle;

Passenger Cars and Commercial Vehicles

By Technology;

Air Cooling & Heating, Liquid Cooling & Heating and Phase Change Material (PCM)

By Battery;

Conventional and Solid State

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn716804114 Published Date: September, 2025 Updated Date: October, 2025

Automotive Battery Thermal Management System Market Overview

Automotive Battery Thermal Management System Market (USD Million)

Automotive Battery Thermal Management System Market was valued at USD 4,030.93 million in the year 2024. The size of this market is expected to increase to USD 13,782.87 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 19.2%.


Automotive Battery Thermal Management System Market

*Market size in USD million

CAGR 19.2 %


Study Period2025 - 2031
Base Year2024
CAGR (%)19.2 %
Market Size (2024)USD 4,030.93 Million
Market Size (2031)USD 13,782.87 Million
Market ConcentrationLow
Report Pages366
4,030.93
2024
13,782.87
2031

Major Players

  • LG Chem
  • Continental
  • Gentherm
  • Robert Bosch
  • Valeo
  • Calsonic Kansei
  • Dana
  • Hanon System
  • Samsung SDI
  • MAHLE
  • VOSS Automotive
  • CapTherm Systems

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Automotive Battery Thermal Management System Market

Fragmented - Highly competitive market without dominant players


The Automotive Battery Thermal Management System Market is experiencing rapid expansion, fueled by the rising adoption of electric vehicles (EVs) and the need for efficient energy storage solutions. Nearly 55% of EV performance challenges are linked to battery temperature regulation, highlighting the system’s critical role in ensuring safety, efficiency, and extended battery lifespan.

Rising EV Adoption Driving Growth
The surge in EV penetration, which now accounts for more than 20% of new vehicle sales in key markets, is directly boosting demand for advanced battery thermal management. These systems maintain optimal operating temperatures, ensuring consistent performance while preventing overheating and degradation of battery cells.

Advancements in Cooling Technologies
Innovations such as liquid cooling, phase-change materials, and heat pumps are gaining traction, with over 35% of new EV models adopting advanced liquid-based systems. These innovations improve heat dissipation, extend battery cycles, and support the shift toward high-performance EVs.

Market Potential and Future Outlook
With over 40% of R&D investments in EVs directed toward improving battery efficiency and thermal safety, the market for automotive battery thermal management systems is set for sustained growth. Ongoing technological advancements, coupled with government support for EV infrastructure, are creating significant opportunities in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Propulsion
    2. Market Snapshot, By Vehicle
    3. Market Snapshot, By Technology
    4. Market Snapshot, By Battery
    5. Market Snapshot, By Region
  4. Automotive Battery Thermal Management System Market Trends
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Electrification of vehicles
        2. Advancements in battery technology
        3. Regulatory mandates
        4. Vehicle efficiency and range optimization
      2. Restraints
        1. Cost constraints
        2. Complexity of thermal management systems
        3. Limited infrastructure for charging and cooling/heating facilities
        4. Integration challenges with existing vehicle architectures
      3. Opportunities
        1. Expansion of electric vehicle (EV) market
        2. Development of advanced cooling and heating technologies
        3. Adoption of thermal management solutions in hybrid electric vehicles (HEVs)
        4. Integration of thermal management systems with vehicle telematics and connectivity platforms
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Automotive Battery Thermal Management System Market, By Propulsion, 2021 - 2031 (USD Million)
      1. Battery Electric Vehicle (BEV)
      2. Plug-In Hybrid Electric Vehicle (PHEV)
      3. Hybrid Electric Vehicle (HEV)
    2. Automotive Battery Thermal Management System Market, By Vehicle, 2021 - 2031 (USD Million)
      1. Passenger Cars
      2. Commercial Vehicles
    3. Automotive Battery Thermal Management System Market, By Technology, 2021 - 2031 (USD Million)
      1. Air Cooling & Heating
      2. Liquid Cooling & Heating
      3. Phase Change Material (PCM)
    4. Automotive Battery Thermal Management System Market, By Battery, 2021 - 2031 (USD Million)
      1. Conventional
      2. Solid State
    5. Automotive Battery Thermal Management System Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. LG Chem
      2. Continental
      3. Gentherm
      4. Robert Bosch
      5. Valeo
      6. Calsonic Kansei
      7. Dana
      8. Hanon System
      9. Samsung SDI
      10. MAHLE
      11. VOSS Automotive
      12. CapTherm Systems
  7. Analyst Views
  8. Future Outlook of the Market