Global Battery Thermal System Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Battery Capacity;

Less than 100 kWh, 100–200 kWh, 200–500 kWh and 500 kWh.

By Battery Type;

Conventional Batteries and Solid-State Batteries.

By ICE Vehicle Type;

Passenger Car, Light Commercial Vehicle (LCV), Truck and Bus.

By Technology;

Active Transmission Warm Up, EGR, Engine Thermal Mass Reduction, Reduced HVAC System Loading and Others.

By Electric Vehicle Type;

Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV) and 48v Mild Hybrid Vehicle.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn491749485 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Battery Thermal System Market (USD Million), 2021 - 2031

In the year 2024, the Global Battery Thermal System Market was valued at USD 3443.90 million. The size of this market is expected to increase to USD 7613.36 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 12.0%.

The Global Battery Thermal System Market encompasses technologies and solutions designed to manage the thermal performance of batteries used in electric vehicles (EVs), renewable energy storage systems, and other applications. Battery thermal management systems (BTMS) are essential for maintaining optimal operating temperatures, enhancing battery efficiency, and prolonging battery life. As the transition towards sustainable transportation and energy solutions accelerates globally, the demand for advanced BTMS continues to grow.

Key drivers of the market include the increasing adoption of EVs, stringent environmental regulations, and advancements in battery technology. These factors underscore the importance of effective thermal management to ensure safe and reliable battery operation. BTMS solutions range from passive cooling techniques to active systems that incorporate sensors and control algorithms to maintain ideal battery temperatures under various operating conditions.

The market is characterized by continuous innovation, with manufacturers focusing on developing lightweight materials, efficient cooling mechanisms, and smart thermal management solutions. Collaborations between automotive OEMs, technology providers, and research institutions drive technological advancements in BTMS, aiming to address challenges such as range anxiety, battery degradation, and safety concerns associated with high-performance batteries.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Battery Capacity
    2. Market Snapshot, By Battery Type
    3. Market Snapshot, By ICE Vehicle Type
    4. Market Snapshot, By Technology
    5. Market Snapshot, By Electric Vehicle Type
    6. Market Snapshot, By Region
  4. Global Battery Thermal System Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising demand for electric vehicles
        2. Stringent automotive regulations
        3. Increasing adoption of renewable energy
        4. Growing focus on energy efficiency
        5. Advancements in battery technology
      2. Restraints
        1. High initial costs
        2. Complex integration processes
        3. Challenges in thermal management
        4. Limited standardization
        5. Supply chain disruptions
      3. Opportunities
        1. Expansion in EV charging infrastructure
        2. Technological innovations
        3. Emerging markets growth
        4. Development of smart grids
        5. Increased research investment
    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. Global Battery Thermal System Market, By Battery Capacity, 2021 - 2031 (USD Million)
      1. Less than 100 kWh
      2. 100–200 kWh
      3. 200–500 kWh
      4. 500 kWh.
    2. Global Battery Thermal System Market, By Battery Type, 2021 - 2031 (USD Million)
      1. Conventional Batteries
      2. Solid-State Batteries.
    3. Global Battery Thermal System Market, By ICE Vehicle Type, 2021 - 2031 (USD Million)
      1. Passenger Car
      2. Light Commercial Vehicle (LCV)
      3. Truck
      4. Bus.
    4. Global Battery Thermal System Market, By Technology, 2021 - 2031 (USD Million)
      1. Active Transmission Warm Up
      2. EGR
      3. Engine Thermal Mass Reduction
      4. Reduced HVAC System Loading
      5. Others.
    5. Global Battery Thermal System Market, By Electric Vehicle Type, urrent_year-4 - 2031 (USD Million)
      1. Battery Electric Vehicle (BEV)
      2. Hybrid Electric Vehicle (HEV)
      3. Plug-In Hybrid Electric Vehicle (PHEV)
      4. Fuel Cell Electric Vehicle (FCEV)
      5. 48v Mild Hybrid Vehicle.
    6. Global Battery Thermal System Market, By Geography, urrent_year-4 - 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. Bosch GmbH
      2. LG Chem Ltd.
      3. Continental AG
      4. Gentherm Inc.
      5. Valeo SA
      6. Mahle GmbH
      7. Panasonic Corporation
      8. BorgWarner Inc.
      9. Hanon Systems
      10. Denso Corporation
  7. Analyst Views
  8. Future Outlook of the Market