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PUBLISHER: Grand View Research | PRODUCT CODE: 1575183
PUBLISHER: Grand View Research | PRODUCT CODE: 1575183
Electric Vehicle Battery Coolant Market Size, Share & Trends Analysis Report By Vehicle Type (Battery Electric Vehicles, Hybrid Electric Vehicles), By Battery Type, By Region, And Segment Forecasts, 2024 - 2030
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PAGES: 70 Pages
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Market Size & Trends:
The global electric vehicle battery coolant market size was estimated at USD 2,027.64 million in 2023 and is projected to grow at a CAGR of 3.8% from 2024 to 2030. The growing concern over environmental pollution and the shift towards sustainable modes of transportation are significantly boosting the demand for electric vehicles. This surge in EV adoption directly impacts the demand for effective battery cooling systems to ensure vehicle efficiency and battery longevity.
As battery technology evolves, there is a continuous effort to increase energy density, reduce charging time, and enhance overall battery performance. These advancements necessitate more efficient cooling solutions to manage the heat generated during operation and charging, thereby driving the need for advanced battery coolants. Governments around the world are implementing stricter regulations regarding vehicle emissions and fuel efficiency. These regulations are pushing automakers to invest in electric vehicle technology, including advanced cooling systems to optimize battery performance and comply with regulatory standards.
The integration of renewable energy sources with electric vehicle charging infrastructure is growing. This trend encourages the use of electric vehicles, as it reduces the carbon footprint associated with EV charging. Consequently, the demand for sophisticated battery cooling systems that can handle rapid charging and discharging cycles is on the rise.
Consumers are increasingly demanding electric vehicles that offer longer range and improved performance. Efficient battery cooling is critical to achieving these objectives, as it helps maintain optimal battery operation temperatures, thereby extending battery life and vehicle range. Major automotive manufacturers are expanding their EV lineups and increasing production capacities. This expansion is directly linked to a higher demand for EV battery coolants, as manufacturers seek to incorporate cooling technologies that enhance battery safety, performance, and durability.
The market is driven by the cumulative effect of increased EV adoption, technological advancements in battery and cooling systems, stringent regulatory requirements, and a collective push towards improved vehicle performance and sustainability.
Global Electric Vehicle Battery Coolant Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global electric vehicle battery coolant market report based on vehicle type, battery type, and region:
- Vehicle Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- Battery Electric Vehicles
- Hybrid Electric Vehicles
- Battery Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- Lead Acid Battery
- Lithium Ion Battery
- Others
- Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- South Korea
- Central & South America
- Brazil
- Argentina
- Middle East and Africa
- Saudi Arabia
- South Africa
Product Code: GVR-4-68040-468-2
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Electric Vehicle Battery Coolant Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Trends
- 3.2.2. Manufacturing/ Technology Trends
- 3.2.3. Sales Channel Analysis
- 3.2.4. Price Trend Analysis
- 3.2.4.1. Factors Influencing Prices
- 3.3. Regulatory Framework, By Regions
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Five Forces Analysis
- 3.5.2. Macro-environmental Analysis
Chapter 4. Electric Vehicle Battery Coolant Market: Vehicle Type Estimates & Trend Analysis
- 4.1. Vehicle Type Movement Analysis & Market Share, 2023 & 2030
- 4.2. Battery Electric Vehicles
- 4.2.1. Battery Electric Vehicle Battery Coolant Market Estimates & Forecast, 2018 to 2030 (USD Million) (Kilotons)
- 4.3. Hybrid Electric Vehicles
- 4.3.1. Hybrid Electric Vehicle Battery Coolant Market Estimates & Forecast, 2018 to 2030 (USD Million) (Kilotons)
Chapter 5. Electric Vehicle Battery Coolant Market: Battery Type Estimates & Trend Analysis
- 5.1. Battery Type Movement Analysis & Market Share, 2023 & 2030
- 5.2. Lead Acid Battery
- 5.2.1. Lead Acid Electric Vehicle Battery Coolant Market Estimates & Forecast, 2018 to 2030 (USD Million) (Kilotons)
- 5.3. Lithium Ion Battery
- 5.3.1. Lithium Ion Electric Vehicle Battery Coolant Estimates and Forecasts, 2018 - 2030 (USD Million) (Kilotons)
Chapter 6. Electric Vehicle Battery Coolant Market: Regional Estimates & Trend Analysis
- 6.1. Regional Movement Analysis & Market Share, 2023 & 2030
- 6.2. North America
- 6.2.1. North America Electric Vehicle Battery Coolant Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.2. U.S.
- 6.2.2.1. Key country dynamics
- 6.2.2.2. U.S. Electric Vehicle Battery Coolant Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.3. Canada
- 6.2.3.1. Key country dynamics
- 6.2.3.2. Canada Electric Vehicle Battery Coolant Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.4. Mexico
- 6.2.4.1. Key country dynamics
- 6.2.4.2. Mexico Electric Vehicle Battery Coolant Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3. Europe
- 6.3.1. Europe Electric Vehicle Battery Coolant Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.2. Germany
- 6.3.2.1. Key country dynamics
- 6.3.2.2. Germany Electric Vehicle Battery Coolant Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.3. UK
- 6.3.3.1. Key country dynamics
- 6.3.3.2. UK Electric Vehicle Battery Coolant Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4. France
- 6.3.4.1. Key country dynamics
- 6.3.4.2. France Electric Vehicle Battery Coolant Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5. Italy
- 6.3.5.1. Key country dynamics
- 6.3.5.2. Italy Electric Vehicle Battery Coolant Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.6. Spain
- 6.3.6.1. Key country dynamics
- 6.3.6.2. Spain Electric Vehicle Battery Coolant Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Electric Vehicle Battery Coolant Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.2. China
- 6.4.2.1. Key country dynamics
- 6.4.2.2. China Electric Vehicle Battery Coolant Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.3. India
- 6.4.3.1. Key country dynamics
- 6.4.3.2. India Electric Vehicle Battery Coolant Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.4. Japan
- 6.4.4.1. Key country dynamics
- 6.4.4.2. Japan Electric Vehicle Battery Coolant Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.5. South Korea
- 6.4.5.1. Key country dynamics
- 6.4.5.2. South Korea Electric Vehicle Battery Coolant Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5. Central & South America
- 6.5.1. Central & South America Electric Vehicle Battery Coolant Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.2. Brazil
- 6.5.2.1. Key country dynamics
- 6.5.2.2. Brazil Electric Vehicle Battery Coolant Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.3. Argentina
- 6.5.3.1. Key country dynamics
- 6.5.3.2. Argentina Electric Vehicle Battery Coolant Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.6. Middle East & Africa
- 6.6.1. Middles East & Africa Electric Vehicle Battery Coolant Market Estimates & Forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.2. Saudi Arabia
- 6.6.2.1. Key country dynamics
- 6.6.2.2. Saudi Arabia Electric Vehicle Battery Coolant Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.3. South Africa
- 6.6.3.1. Key country dynamics
- 6.6.3.2. South Africa Electric Vehicle Battery Coolant Market estimates & forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 7. Electric Vehicle Battery Coolant Market - Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Key Company Categorization
- 7.3. Company Market Position Analysis, 2023
- 7.4. Company Heat Map Analysis
- 7.5. Vendor Landscape
- 7.5.1. List of Distributors
- 7.6. Strategy Mapping
- 7.7. Company Profiles
- 7.7.1. Valvoline Inc.
- 7.7.1.1. Participant's overview
- 7.7.1.2. Financial performance
- 7.7.1.3. Product benchmarking
- 7.7.1.4. Recent developments
- 7.7.2. BASF SE
- 7.7.2.1. Participant's overview
- 7.7.2.2. Financial performance
- 7.7.2.3. Product benchmarking
- 7.7.2.4. Recent developments
- 7.7.3. Exxon Mobil Corporation
- 7.7.3.1. Participant's overview
- 7.7.3.2. Financial performance
- 7.7.3.3. Product benchmarking
- 7.7.3.4. Recent developments
- 7.7.4. Shell Group
- 7.7.4.1. Participant's overview
- 7.7.4.2. Financial performance
- 7.7.4.3. Product benchmarking
- 7.7.4.4. Recent developments
- 7.7.5. GS Caltex
- 7.7.5.1. Participant's overview
- 7.7.5.2. Financial performance
- 7.7.5.3. Product benchmarking
- 7.7.5.4. Recent developments
- 7.7.6. BP Plc
- 7.7.6.1. Participant's overview
- 7.7.6.2. Financial performance
- 7.7.6.3. Product benchmarking
- 7.7.6.4. Recent developments
- 7.7.7. 3M
- 7.7.7.1. Participant's overview
- 7.7.7.2. Financial performance
- 7.7.7.3. Product benchmarking
- 7.7.7.4. Recent developments
- 7.7.8. TotalEnergies
- 7.7.8.1. Participant's overview
- 7.7.8.2. Financial performance
- 7.7.8.3. Product benchmarking
- 7.7.8.4. Recent developments
- 7.7.1. Valvoline Inc.
Product Code: GVR-4-68040-468-2
List of Tables
- Table 1 List of Potential End-Users
- Table 2 Regulatory Framework, by regions
- Table 3 List of Raw Material Suppliers
- Table 4 U.S. Macroeconomic Outlay
- Table 5 Canada Macroeconomic Outlay
- Table 6 Mexico Macroeconomic Outlay
- Table 7 Germany Macroeconomic Outlay
- Table 8 UK Macroeconomic Outlay
- Table 9 France Macroeconomic Outlay
- Table 10 Italy Macroeconomic Outlay
- Table 11 Spain Macroeconomic Outlay
- Table 12 China Macroeconomic Outlay
- Table 13 India Macroeconomic Outlay
- Table 14 Japan Macroeconomic Outlay
- Table 15 South Korea Macroeconomic Outlay
- Table 16 Brazil Macroeconomic Outlay
- Table 17 Argentina Macroeconomic Outlay
- Table 18 Saudi Arabia Macroeconomic Outlay
- Table 19 South Africa Macroeconomic Outlay
- Table 20 Participant's Overview
- Table 21 Financial Performance
- Table 22 Product Benchmarking
- Table 23 Company Heat Map Analysis
- Table 24 Key Strategy Mapping
List of Figures
- Fig. 1 Global Electric Vehicle Battery Coolant Market Snapshot
- Fig. 2 Global Electric Vehicle Battery Coolant Market Snapshot: Vehicle Type and Battery Type
- Fig. 3 Global Electric Vehicle Battery Coolant Market Competitive Landscape Snapshot
- Fig. 4 Electric Vehicle Battery Coolant Market: Industry Value Chain Analysis
- Fig. 5 Electric Vehicle Battery Coolant Market: Price Trend Analysis, 2018 - 2030 (USD/Kg)
- Fig. 6 Electric Vehicle Battery Coolant Market Dynamics
- Fig. 7 Electric Vehicle Battery Coolant Market: PORTERs Analysis
- Fig. 8 Electric Vehicle Battery Coolant Market: PESTLE Analysis
- Fig. 9 Electric Vehicle Battery Coolant Market Estimates & Forecasts, by Vehicle Type: Key Takeaways
- Fig. 10 Electric Vehicle Battery Coolant Market Share, By Vehicle Type, 2023 & 2030
- Fig. 11 Battery Electric Vehicle Battery Coolant Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 12 Hybrid Electric Vehicle Battery Coolant Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 13 Electric Vehicle Battery Coolant Market Estimates & Forecasts, by Battery Type: Key Takeaways
- Fig. 14 Electric Vehicle Battery Coolant Market Share, by Battery Type, 2023 & 2030
- Fig. 15 Lead Acid Electric Vehicle Battery Coolant Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 16 Lithium Ion Electric Vehicle Battery Coolant Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 17 Other Battery Electric Vehicle Battery Coolant Market Estimates & Forecasts, Key Takeaways
- Fig. 18 Electric Vehicle Battery Coolant Market Revenue, by Region, 2023 & 2030 (USD Million)
- Fig. 19 North America Electric Vehicle Battery Coolant Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 20 U.S. Electric Vehicle Battery Coolant Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 21 Canada Electric Vehicle Battery Coolant Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 22 Mexico Electric Vehicle Battery Coolant Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 23 Europe Electric Vehicle Battery Coolant Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 24 Germany Electric Vehicle Battery Coolant Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 25 UK Electric Vehicle Battery Coolant Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 26 France Electric Vehicle Battery Coolant Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 27 Italy Electric Vehicle Battery Coolant Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 28 Spain Electric Vehicle Battery Coolant Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 29 Asia Pacific Electric Vehicle Battery Coolant Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 30 China Electric Vehicle Battery Coolant Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 31 India Electric Vehicle Battery Coolant Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 32 Japan Electric Vehicle Battery Coolant Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 33 South Korea Electric Vehicle Battery Coolant Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 34 Central & South America Electric Vehicle Battery Coolant Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 35 Brazil Electric Vehicle Battery Coolant Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 36 Argentina Electric Vehicle Battery Coolant Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 37 Middle East & Africa Electric Vehicle Battery Coolant Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 38 Saudi Arabia Electric Vehicle Battery Coolant Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 39 South Africa Electric Vehicle Battery Coolant Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- Fig. 40 Key Company Categorization
- Fig. 41 Company Market Positioning Analysis
- Fig. 42 Strategy Mapping
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