Automotive Battery Thermal Management System Market Report 2026

The automotive battery thermal management system market size has grown rapidly in recent years. It will grow from $4.34 billion in 2025 to $5.13 billion in 2026 at a compound annual growth rate (CAGR) of 18%. The growth in the historic period can be attributed to ev battery overheating concerns, rise of lithium-ion batteries, early air cooling adoption, vehicle electrification, safety compliance requirements.

The automotive battery thermal management system market size is expected to see rapid growth in the next few years. It will grow to $9.96 billion in 2030 at a compound annual growth rate (CAGR) of 18.1%. The growth in the forecast period can be attributed to high-energy-density batteries, ultra-fast charging demand, solid-state battery development, thermal efficiency optimization, ev range enhancement. Major trends in the forecast period include shift toward liquid cooling systems, integration of pcm-based thermal solutions, demand for fast-charging compatibility, growth of thermal safety regulations, adoption in high-performance evs.

The rise in demand for electric vehicles is expected to drive the growth of the automotive battery thermal management system market going forward. Factors such as rising fuel prices, increasing carbon emissions, and other environmental concerns are contributing to the rapid adoption of electric vehicles globally. This growing demand is expected to increase the use of automotive battery thermal management systems, which are essential for the safe and efficient operation of electric vehicles. For instance, in August 2024, according to a report by The U.S. Energy Information Administration (EIA), a US-based agency, combined U.S. sales of hybrid vehicles, plug-in hybrid electric vehicles, and battery electric vehicles (BEVs) rose from 17.8% of total new light-duty vehicle (LDV) sales in Q1 2024 to 18.7% in Q2 2024. Therefore, the rising adoption of electric vehicles is expected to boost demand for automotive battery thermal management systems during the forecast period.

Major companies in the automotive battery thermal management system market are focusing on integrating advanced cooling components, such as liquid-cooled cold plates, to enhance battery safety, temperature regulation, and lifespan in electric vehicles. Liquid-cooled cold plates are thermal-management components where coolant flows through engineered channels beneath or between battery cells to efficiently remove heat and maintain uniform cell temperatures. For instance, in October 2025, Calatherm Ltd., a UK-based thermal solutions provider, launched a new Battery Thermal Management System designed to maintain optimal battery operating temperatures in electric vehicles, featuring active liquid cooling and improved thermal efficiency for high-performance battery packs. This system enhances temperature control, prevents overheating, and supports better battery performance and durability.

In April 2023, Autoneum Holding AG, a Switzerland-based manufacturer of vehicle acoustic and thermal insulation, acquired Borgers Automotive Group for an undisclosed sum. This acquisition is intended to bolster Autoneum's global leadership in sustainable acoustic and thermal management, while also expanding its product offerings in textile acoustics protection, insulation, and trim. Borgers Automotive Group, based in Germany, specializes in manufacturing automotive products with a focus on vehicle battery thermal management.

Major companies operating in the automotive battery thermal management system market report include BorgWarner Inc, Robert Bosch GmbH, Hanon Systems, Valeo, Mahle GmbH, Denso Corporation, Panasonic Corporation, Dana Incorporated, Gentherm Incorporated, LG Chem Ltd, GS Yuasa International Ltd, Samsung SDI Co., Ltd, Contemporary Amperex Technology Co. Limited, BYD Company Limited, SVOLT Energy Technology Co Ltd, Northvolt, SAFT, Varta, Modine Manufacturing Company, CapTherm Systems Inc, Volkswagen, Bayerische Motoren Werke, Groupe Renault, Great Wall Motor, Polaris Industries.

Asia-Pacific was the largest region in the automotive battery thermal management system market in 2025, and it is also expected to be the fastest-growing region in the forecast period. The regions covered in the automotive battery thermal management system market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automotive battery thermal management system market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The automotive battery thermal management system includes revenue earned by entities by HEVs, PHEVs, and EVs. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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