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North America EV Battery Thermal Management System Market Synopsis:

North America EV Battery Thermal Management System Market Size Was Valued at USD 1.01 Billion in 2023 and is Projected to Reach USD 9.45 Billion by 2032, Growing at a CAGR of 28.21% From 2024-2032.

EV battery recycling refers to the process of recovering valuable materials such as lithium, cobalt, nickel, and manganese from used or end-of-life batteries. This process ensures the sustainable disposal and repurposing of electric vehicle (EV) batteries, reducing environmental impact and resource depletion. Recycling plays a critical role in addressing the growing demand for battery materials while minimizing the ecological footprint associated with EV adoption.

The rapid expansion of the EV market, driven by the global transition to sustainable transportation, is a key factor fueling the growth of the EV battery recycling market. Stringent environmental regulations mandating the safe disposal of batteries and increasing concerns over raw material scarcity are accelerating the need for efficient recycling systems. Furthermore, government incentives and investments in green technologies are bolstering the development of advanced recycling infrastructure.

Innovative recycling technologies, such as hydrometallurgical and direct recycling methods, are improving the efficiency and cost-effectiveness of material recovery from used batteries. However, challenges such as the complexity of battery chemistries, lack of standardized recycling processes, and high initial investment costs in recycling facilities remain significant hurdles. Despite these challenges, technological advancements are expected to enhance recycling efficiency, making it more viable for industry stakeholders.

The EV battery recycling market is poised for exponential growth, with rising investments from both private and public sectors. Companies are increasingly focusing on creating closed-loop supply chains to reduce dependency on mining and raw material imports. As battery production scales up and recycling technologies mature, the market is expected to play a pivotal role in supporting the EV industry's sustainability goals while creating economic opportunities in material recovery and reuse.

EV Battery Thermal Management System Market Trend Analysis

Increasing demand for electric vehicles (EVs)

  • Some of the key drivers of the EV Battery Thermal Management System (BTMS) market include the growing concern for green technology, the availability of charging infrastructure, and the rising demand for electric vehicles. Currently, after the automotive manufacturers shifted their priority towards electric vehicles to control emissions directly affecting the environment and meeting current environmental standards and regulations, the demand for EVs has rapidly escalated.
  • Due to this increased uptake of EVs, there has also been the need to ask for better solutions for batteries since battery packs do have an added value when used efficiently. The system is also central to concerns dating to the battery temperature management area, which factors into elements like battery efficiency, charging rate, or total number of miles a vehicle is capable of traveling on a single charge.
  • Furthermore, the increasing development of EV technology, increased customer expectation of range and improved performance along with the need for a better thermal management system calls for better novel technology. This means that Manufacturers are putting effort and money into their developments to bring new and enhanced forms of the BTMS that provide more effective cooling, heating, and charging features, along with efficiency.
  • Since governments across the world are liberalizing the standards of adoption of electric vehicles and tightening the standards on emissions from traditional internal combustion engine vehicles, this will continuously fuel the demand for EVs and therefore the related battery management systems to market value, creating great value in the EV BTMS market.

Rising demand for EVs in commercial fleets

  • The opportunity, such as the growing popularity of electric vehicles (EVs) in commercial fleets, stands to increase the market for EV Battery Thermal Management Systems (BTMS). Larger goods and passenger vehicles, such as delivery trucks, taxis, and ride-share, other than delivery and public transport vehicles, consumers also turn towards the use of electric engines for energy efficiency and less pollution.
  • But to serve the intense and differentiated usage pattern higher need of commercial vehicles, management issues such the thermal characteristics and durability concerns have been critical in the case of batteries. Commercial fleet use is a common application of BTMS, and employing solutions that are designed to respond to these problems will help make battery packs run effectively while lasting longer under heavy use.
  • For those operating fleets specifically for commercial use, issues like the durability and capabilities of electric vehicles are critical in terms of service delivery, which affects customers. A sound BTMS should ideally reduce the anxiety and worries associated with battery depletion, charging capability, and vehicle time-out due to heat-related incidents. Therefore, through improved battery temperature management, BTMS solutions can lead to increased battery longevity, lower maintenance and component costs, and an overall increase in vehicle availability.
  • Further, as commercial fleets become more electrically charged, there is also a rising need for integrated bottom-up BTMS solutions that address varying shapes, sizes, and applications of each vehicle and environment in which it is placed. With electrification of the fleets now on the rise across the world, the EV BTMS market has a lot of room left to grow, especially with the increasing prospects offered by the global market shift to electric vehicles in the commercial segment.

EV Battery Thermal Management System Market Segment Analysis:

EV Battery Thermal Management System Market is segmented based on System Type, Application and Country

By System Type, Active is expected to dominate the market during the forecast period

  • In the EV Battery Thermal Management System (BTMS) market, both active and passive systems have their significance, and the large use of the active system segment is observed at this moment. Active BTMS concerns the direct control of the temperature of the battery pack of the vehicle through systems like liquid coolants or heaters, fans, or pumps.
  • These systems can consist of sensors and other components that can instantaneously manage battery temperature by pumping coolant or controlling heater coils depending on the assessment of the battery’s state. Operative BTMS thus must maintain the proper temperature of battery cells, which then has a direct impact on battery efficiency, safety, and durability, especially in extreme conditions such as a high rate charge or high ambient temperature.
  • Furthermore, active systems tend to be more lightweight and adaptable across various conditions of use as well as are competent in regulating temperatures; for that reason, they are desirable for utilization in high-end electric cars and commercial fleets where the significance of reliability and performance is considered.
  • Passive BTMS, in contrast, utilizes natural convection or insulation materials to regulate the battery temperature without the need for a cooler or heater. First of all, it is important to understand that, despite being easier to install, costing less, and less sensitive to the car exterior conditions, as opposed to active systems, passive ones might not offer as tight temperature regulation and might have lower energy efficiency in extreme conditions or high load situations such as sports car racing.
  • Therefore, passive BTMS is used mainly in cheaper electric vehicles or vehicles and electric bicycles which are cheaper than traditional automobile industry products and where the cost factor takes priority over other features. However, rising technological advancements in battery power and increasing flame or thermal management concerns may augment the active BTMS market growth trends more potent than passive BTMS because of the better performance in high-end electric cars as well as business vehicles.

By Applications, the Passenger Vehicle segment held the largest share

  • It can be observed from the trends of the EV Battery Thermal Management System (BTMS) market that the passenger vehicle segment is expected to rule the roost more than commercial vehicles owing to the increased usage of electric passenger cars than commercial ones. Passenger vehicles are electric cars such as Tesla, SUVs, wind cars, and hatchbacks that have experienced growth in the global markets due to changed attitudes to the environment and the switch to green cars instead of conventional internal combustion engine vehicles.
  • As the number of electric vehicles increases on the roads, original equipment manufacturers are progressively devoting time and resources to the research and production of next-generation BTMS systems that will cater to the safety and power requirements of the universally demanded passenger vehicles. These systems are those used in charge of battery temperature control while charging, discharging, and during driving to enhance or consumers’ comfort while driving.
  • At the current, the most popular segment of electrified vehicle BTMS is the passenger car segment, however, thanks to rapidly growing interest in EV the segment of CV, including delivery vans, buses, trucks, and other fleet vehicles is also developing. Nonetheless, the electric commercial vehicles’ market penetration is dwarfed that of the passenger electric vehicles due to some of the factors including; high initial costs, longer time to break even, and challenges faced in developing flexible infrastructure.
  • However, with emissions standards and regulatory policies becoming more stringent across countries, while incentives are being offered for fleets to switch to electric vehicles, thereby, the prospects of commercial EVs are strong enough to drive BTMS solutions designed for such sectors. These systems will be imperative for increasing the efficiency of battery packs in commercial vehicles and thus improving operating efficiency, maximizing uptime, and minimizing costs that directly and indirectly are associated with battery pack power output required to meet environmental targets and gain competitive advantage in the marketplace for fleet operators. North

EV Battery Thermal Management System Market Regional Insights:

United States is Expected to Dominate the Market Over the Forecast Period

  • The United States is dominating the EV battery recycling market due to its proactive approach to addressing environmental concerns and the rapid adoption of electric vehicles. As EV sales increase, the need to manage end-of-life batteries becomes critical. The U.S. has established advanced recycling infrastructure and policies that incentivize the recovery of valuable materials such as lithium, cobalt, and nickel from used batteries, reducing the reliance on raw material mining and aligning with sustainability goals.
  • Advancements in recycling technology play a significant role in the U.S.’s leadership. Cutting-edge methods, such as hydrometallurgical and direct recycling processes, have significantly improved the efficiency and cost-effectiveness of extracting materials from old batteries. These innovations are further supported by investments from both private enterprises and government initiatives, enabling the U.S. to enhance recycling capacities while minimizing environmental impact.
  • Strategic partnerships and collaborations have also propelled the U.S. forward in the EV battery recycling market. Companies and research institutions work together to develop comprehensive solutions that integrate battery design for recyclability, standardized processes, and circular supply chains. These efforts not only foster innovation but also ensure a steady supply of critical materials to support the growing EV industry domestically.
  • Lastly, the U.S. benefits from a robust ecosystem of policy support, funding, and consumer awareness. Federal and state incentives encourage EV adoption and promote responsible battery disposal. Public-private collaborations, such as grants for recycling projects and subsidies for recycling plants, further bolster the nation’s ability to lead in this market. Combined with the growing focus on reducing greenhouse gas emissions, the U.S. is well-positioned to sustain its dominance in EV battery recycling.

Active Key Players in the North America EV Battery Thermal Management System Market:

  • BorgWarner Inc. (United States)
  • Calsonic Kansei Corporation (Japan)
  • Continental AG (Germany)
  • Dana Incorporated (United States)
  • DENSO Corporation (Japan)
  • Eberspaecher Climate Control Systems GmbH & Co. KG (Germany)
  • Gentherm Incorporated (United States)
  • LG Chem (South Korea)
  • MAHLE Behr GmbH & Co. KG (Germany)
  • Modine Manufacturing Company (United States)
  • Panasonic Corporation (Japan)
  • Ricardo plc (United Kingdom)
  • Robert Bosch GmbH (Germany)
  • Samsung SDI (South Korea)
  • Valeo SA (France)
  • Visteon Corporation (United States) and Other Active Players

Key Industry Developments in the North America EV Battery Thermal Management System Market:

  • In January 2024, Frost & Sullivan recognized Modine a global leader in thermal management technology and solutions, with the 2023 North American New Product Innovation Award. Frost & Sullivan, a renowned business consulting firm, determined that Modine had exceeded the predefined criteria for the award. The company effectively addressed critical challenges in the EV thermal management systems industry, earning this prestigious recognition for its innovative solutions.
  • In August 2023, Elkem exhibited its product range for battery thermal management and electronic protection at The Battery Show North America on September 12-14, 2023, in Novi, Michigan. Celebrating over five years of OEM production, Elkem has contributed to putting two million BEVs on the road, achieving over 60 billion miles with zero failures. Elkem showcased solutions to boost thermal efficiency, extending battery lifespan. The exhibit featured Bluesil RT Foam for thermal insulation, Bluesil ESA for thermal management, and CAF for sealing and bonding in harsh environments.

North America EV Battery Thermal Management System Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 1.01 Bn.

Forecast Period 2024-32 CAGR:

28.21%

Market Size in 2032:

USD 9.45 Bn.

Segments Covered:

By System Type

  • Active
  • Passive

By Applications

  • Passenger Vehicle
  • Commercial Vehicle

By Region

  • North America (U.S., Canada, Mexico)

Key Market Drivers:

  • Growing investments in lithium-ion battery research and development

Key Market Restraints:

  • Complexity in designing and integrating efficient thermal management systems

Key Opportunities:

  • Complexity in designing and integrating efficient thermal management systems

Companies Covered in the report:

  • BorgWarner Inc. (United States), Calsonic Kansei Corporation (Japan), Continental AG (Germany),Dana Incorporated (United States),DENSO Corporation (Japan), and Other Active Players


Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Industry Dynamics and Opportunity Analysis
  3.1.1 Growth Drivers
  3.1.2 Limiting Factors
  3.1.3 Growth Opportunities
  3.1.4 Challenges and Risks
 3.2 Market Trend Analysis
 3.3 Strategic Pestle Overview
 3.4 Porter's Five Forces Framework
 3.5 Industry Value Chain Mapping
 3.6 Regulatory Framework
 3.7 Pricing Trend Analysis
 3.8 Patent Analysis
 3.9 Technology Evolution
 3.10 Investment Pockets
 3.11 Import-Export Analysis

Chapter 4: North America EV Battery Thermal Management System Market by Current
 4.1 North America EV Battery Thermal Management System Market Snapshot and Growth Engine
 4.2 Market Overview
 4.3 AC connectors
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 AC connectors: Geographic Segmentation Analysis
 4.4 DC connectors
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 DC connectors: Geographic Segmentation Analysis
 4.5 Combined connectors
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Combined connectors: Geographic Segmentation Analysis

Chapter 5: North America EV Battery Thermal Management System Market by Voltage
 5.1 North America EV Battery Thermal Management System Market Snapshot and Growth Engine
 5.2 Market Overview
 5.3 Low
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Low: Geographic Segmentation Analysis
 5.4 Medium
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Medium: Geographic Segmentation Analysis
 5.5 High
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 High: Geographic Segmentation Analysis

Chapter 6: North America EV Battery Thermal Management System Market by Connection
 6.1 North America EV Battery Thermal Management System Market Snapshot and Growth Engine
 6.2 Market Overview
 6.3 Wire-to-wire
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Wire-to-wire: Geographic Segmentation Analysis
 6.4 Wire-to-board
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Wire-to-board: Geographic Segmentation Analysis
 6.5 Board-to-board
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Board-to-board: Geographic Segmentation Analysis

Chapter 7: North America EV Battery Thermal Management System Market by Applications
 7.1 North America EV Battery Thermal Management System Market Snapshot and Growth Engine
 7.2 Market Overview
 7.3 Charging
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Charging: Geographic Segmentation Analysis
 7.4 Body control & interiors
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Body control & interiors: Geographic Segmentation Analysis
 7.5 Infotainment systems
  7.5.1 Introduction and Market Overview
  7.5.2 Historic and Forecasted Market Size in Value USD and Volume Units
  7.5.3 Key Market Trends, Growth Factors and Opportunities
  7.5.4 Infotainment systems: Geographic Segmentation Analysis
 7.6 Powertrain & engine management
  7.6.1 Introduction and Market Overview
  7.6.2 Historic and Forecasted Market Size in Value USD and Volume Units
  7.6.3 Key Market Trends, Growth Factors and Opportunities
  7.6.4 Powertrain & engine management: Geographic Segmentation Analysis
 7.7 Battery management system
  7.7.1 Introduction and Market Overview
  7.7.2 Historic and Forecasted Market Size in Value USD and Volume Units
  7.7.3 Key Market Trends, Growth Factors and Opportunities
  7.7.4 Battery management system: Geographic Segmentation Analysis
 7.8 Others
  7.8.1 Introduction and Market Overview
  7.8.2 Historic and Forecasted Market Size in Value USD and Volume Units
  7.8.3 Key Market Trends, Growth Factors and Opportunities
  7.8.4 Others: Geographic Segmentation Analysis

Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Benchmarking
  8.1.2 North America EV Battery Thermal Management System Market Share by Manufacturer (2023)
  8.1.3 Industry BCG Matrix
  8.1.4 Heat Map Analysis
  8.1.5 Mergers and Acquisitions  
 8.2 BORGWARNER INC. (UNITED STATES)
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Operating Business Segments
  8.2.5 Product Portfolio
  8.2.6 Business Performance
  8.2.7 Recent News & Development
  8.2.8 SWOT Analysis
 8.3 CALSONIC KANSEI CORPORATION (JAPAN)
 8.4 CONTINENTAL AG (GERMANY)
 8.5 DANA INCORPORATED (UNITED STATES)
 8.6 DENSO CORPORATION (JAPAN)
 8.7 EBERSPAECHER CLIMATE CONTROL SYSTEMS GMBH & CO. KG (GERMANY)
 8.8 GENTHERM INCORPORATED (UNITED STATES)
 8.9 LG CHEM (SOUTH KOREA)
 8.10 MAHLE BEHR GMBH & CO. KG (GERMANY)
 8.11 MODINE MANUFACTURING COMPANY (UNITED STATES)
 8.12 PANASONIC CORPORATION (JAPAN)
 8.13 RICARDO PLC (UNITED KINGDOM)
 8.14 ROBERT BOSCH GMBH (GERMANY)
 8.15 SAMSUNG SDI (SOUTH KOREA)
 8.16 VALEO SA (FRANCE)
 8.17 VISTEON CORPORATION (UNITED STATES)
 8.18 OTHER ACTIVE PLAYERS

Chapter 9:North America EV Battery Thermal Management System Market Analysis, Insights and Forecast, 2016-2028
 9.1 Market Overview
 9.2 Key Market Trends, Growth Factors and Opportunities
 9.3 Key Players
 9.4 Historic and Forecasted Market Size By Current
  9.4.1 AC connectors
  9.4.2 DC connectors
  9.4.3 Combined connectors
 9.5 Historic and Forecasted Market Size By Voltage
  9.5.1 Low
  9.5.2 Medium
  9.5.3 High
 9.6 Historic and Forecasted Market Size By Connection
  9.6.1 Wire-to-wire
  9.6.2 Wire-to-board
  9.6.3 Board-to-board
 9.7 Historic and Forecasted Market Size By Applications
  9.7.1 Charging
  9.7.2 Body control & interiors
  9.7.3 Infotainment systems
  9.7.4 Powertrain & engine management
  9.7.5 Battery management system
  9.7.6 Others
 9.8 Historic and Forecast Market Size by Country
  9.8.1 U.S.
  9.8.2 Canada
  9.8.3 Mexico

Chapter 10 Analyst Viewpoint and Conclusion
10.1 Recommendations and Conclusion

Chapter 11 Our Thematic Research Methodology
11.1 Research Process
11.2 Primary Research
11.3 Secondary Research
 

North America EV Battery Thermal Management System Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 1.01 Bn.

Forecast Period 2024-32 CAGR:

28.21%

Market Size in 2032:

USD 9.45 Bn.

Segments Covered:

By System Type

  • Active
  • Passive

By Applications

  • Passenger Vehicle
  • Commercial Vehicle

By Region

  • North America (U.S., Canada, Mexico)

Key Market Drivers:

  • Growing investments in lithium-ion battery research and development

Key Market Restraints:

  • Complexity in designing and integrating efficient thermal management systems

Key Opportunities:

  • Complexity in designing and integrating efficient thermal management systems

Companies Covered in the report:

  • BorgWarner Inc. (United States), Calsonic Kansei Corporation (Japan), Continental AG (Germany),Dana Incorporated (United States),DENSO Corporation (Japan), and Other Active Players
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Frequently Asked Questions :

What would be the forecast period in the North America EV Battery Thermal Management System Market research report?

The forecast period in the North America EV Battery Thermal Management System Market research report is 2024-2032.

Who are the key players in the North America EV Battery Thermal Management System Market?

BorgWarner Inc. (United States),Calsonic Kansei Corporation (Japan),Continental AG (Germany),Dana Incorporated (United States),DENSO Corporation (Japan),Eberspaecher Climate Control Systems GmbH & Co. KG (Germany),Gentherm Incorporated (United States),LG Chem (South Korea),MAHLE Behr GmbH & Co. KG (Germany),Modine Manufacturing Company (United States),Panasonic Corporation (Japan),Ricardo plc (United Kingdom),Robert Bosch GmbH (Germany),Samsung SDI (South Korea),Valeo SA (France),Visteon Corporation (United States), and Other Active Players

What are the segments of North America EV Battery Thermal Management System Market?

The EV Battery Thermal Management System Market is segmented into System Type, Application, and Region. By System Type, the market is categorized into Active and passive. By Applications, the market is categorized into Passenger vehicles and commercial vehicles. By Region, it is analyzed across North America (U.S.; Canada; Mexico),

What is the North America EV Battery Thermal Management System Market?

The Low Voltage Battery Thermal Management System is adopted as an essential part of electric vehicles, used to control the temperature of the battery. It uses cooling and heating technologies to keep the temperature range of the battery optimal furthering the performance and stability as well as the lifespan of the battery. It further assists in controlling the temperature of batteries during charging, discharging, and operation, and eliminates thermal degradation and safety issues like thermal run-away.

How big is the North America EV Battery Thermal Management System Market?

North America EV Battery Thermal Management System Market Size Was Valued at USD 1.01 Billion in 2023 and is Projected to Reach USD 9.45 Billion by 2032, Growing at a CAGR of 28.21% From 2024-2032.