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.
Electric Vehicle Battery Cooling System Market Summary
According to the new market research report “Electric Vehicle Battery Cooling System - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Electric Vehicle Battery Cooling System market size is projected to reach USD 7.62 billion by 2030, at a CAGR of 19.5% during the forecast period.
- Global Electric Vehicle Battery Cooling System MarketSize(US$ Million), 2019-2030
Source: QYResearch, "Electric Vehicle Battery Cooling System - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Electric Vehicle Battery Cooling System Top7Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "Electric Vehicle Battery Cooling System - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Electric Vehicle Battery Cooling System include Mahle, Valeo, etc. In 2023, the global top three players had a share approximately 72.0% in terms of revenue.
- Electric Vehicle Battery Cooling System,Global Market Size, Split by Product Segment
Source: QYResearch, "Electric Vehicle Battery Cooling System - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product type, currently Liquid Cooling System is the largest segment, hold a share of 87.5%.
- Electric Vehicle Battery Cooling System,Global Market Size, Split by ApplicationSegment
Source: QYResearch, "Electric Vehicle Battery Cooling System - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product application, currently BEV is the largest segment, hold a share of 61.7%.
Market Drivers:
Growing Demand for EVs: The rising popularity of electric vehicles due to environmental concerns, government incentives, and advancements in EV technology is driving the demand for efficient battery cooling systems.
Effective cooling systems are crucial for maintaining optimal battery temperatures, preventing overheating, and ensuring safety during operation and charging.
Proper cooling extends battery life by maintaining optimal temperature ranges, reducing thermal degradation, and enhancing overall battery performance.
Restraint:
The development and implementation of advanced battery cooling systems involve significant costs, which can be a barrier for some manufacturers, especially smaller companies.
Integrating advanced cooling systems into EV designs can be complex, requiring precise engineering and coordination with other vehicle systems.
Effective cooling systems must be designed to fit within the limited space available in EVs, which can be challenging.
Opportunity:
Supportive policies and subsidies from governments worldwide to reduce carbon emissions and promote sustainable transportation are boosting the EV market, subsequently driving the need for advanced battery cooling systems.
Technological advancements in battery chemistry and design require sophisticated cooling systems to manage higher energy densities and thermal loads. Continuous research and development in cooling technologies, such as liquid cooling, phase change materials, and advanced thermal management systems, enhance the efficiency and reliability of EV batteries.
About The Authors
| Xinxin Wang - Lead Author | |
| Email: wangxinxin@qyresearch.com | |
| Xinxin Wang As an analyst who has been immersed in the Machinery & Equipment, Advanced Manufacturing etc. industries for many years, I am full of love and respect for this industries. My work experience and professional skills have given me an in-depth understanding of industry dynamics, and I have a keen insight into market trends and developments in this industries. I am able to discover potential market opportunities and threats through data analysis and provide data support for the company's strategic decisions.
In terms of analysis methods, I am proficient in various data analysis methods and models, such as descriptive statistics, cluster analysis, etc. In terms of data sources, I pay attention to various public data sources and industry reports, and also obtain customized data through surveys and interviews. This method allows me to have a more comprehensive understanding of the market situation and provide a more reliable basis for the analysis results. |
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