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Global Electric Vehicle Battery Coolant Market Size study & Forecast, by Product Type (Direct, Indirect), by Vehicle Type (Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle), by Battery Type (Lead Acid Battery, Nickel Metal Hydrid Battery, Lithium-ion Battery) and Regional Analysis, 2023-2030

January 2024 | 200 pages | ID: GF393C5F7062EN
Bizwit Research & Consulting LLP

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Global Electric Vehicle Battery Coolant Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Electric Vehicle (EV) battery coolant plays an important role in managing the temperature of the battery pack in electric vehicles. The battery pack in an electric vehicle can generate heat during the charging and discharging processes, and controlling this temperature is essential for optimal performance, efficiency, and safety of the battery. The key factors driving the market growth are the increasing adoption of electric vehicles, rising awareness about environmental issues and the need for sustainable transportation solutions driving the demand for electric vehicles. Also, growing investment in electric vehicle infrastructure development that anticipated to support the market growth during the forecast period 2023-2030.

Additionally, the rising popularity of electric vehicles is a significant driver for the electric Vehicle Battery Coolant Market. As more consumers transition to electric vehicles, there is a growing demand for efficient and reliable battery cooling systems. According to Statista, globally the number of electric vehicles sold in 2020 was 3.18 million; in 2022 the number reached 10.24 million and it is anticipated to reach 12.97 million by 2025. As a result, the growing demand for EVs is anticipated to create a lucrative demand for the market. Moreover, cohesive government initiatives and regulations also ongoing research and development in battery technologies and cooling systems are anticipated to create lucrative opportunities for the market over the forecast period. However, the high initial costs of coolant stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Electric Vehicle Battery Coolant Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing adoption of electric vehicles, supportive government policies, incentives, regulations, and the presence of key market players. Whereas, the Asia Pacific is expected to grow with the highest CAGR over the forecast period, owing to factors such as the ongoing advancements in battery technology, including improvements in energy density, charging speed, and overall performance, expansion of charging infrastructure and increasing adoption of electric vehicles.

Major market player included in this report are:

Boyd Corporation

Dober Chemical Corporation

Valvoline Inc.

Castrol Limited

Exxon Mobil Corporation

Cargill, Incorporated

BASF SE

Royal Dutch Shell plc

TotalEnergies SE

Mikros Technologies, Inc.

Recent Developments in the Market:
  • In August 2022, Valvoline Cummins has unveiled Valvoline Advanced Coolant, a cutting-edge glycol-based full-antifreeze coolant featuring OAT Technology. This innovative technology is designed to extend the lifespan of coolants, offering advanced protection for your vehicle's cooling system.
Global Electric Vehicle Battery Coolant Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered – Product Type, Vehicle Type, Battery Type, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:

Direct

Indirect

By Vehicle Type:

Battery Electric Vehicle

Hybrid Electric Vehicle

Plug-in Hybrid Electric Vehicle

By Battery Type:

Lead Acid Battery

Nickel Metal Hydrid Battery

Lithium-ion Battery

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Electric Vehicle Battery Coolant Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Electric Vehicle Battery Coolant Market, by Product Type, 2020-2030 (USD Billion)
  1.2.3. Electric Vehicle Battery Coolant Market, by Vehicle Type, 2020-2030 (USD Billion)
  1.2.4. Electric Vehicle Battery Coolant Market, by Battery Type, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL ELECTRIC VEHICLE BATTERY COOLANT MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL ELECTRIC VEHICLE BATTERY COOLANT MARKET DYNAMICS

3.1. Electric Vehicle Battery Coolant Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Increasing adoption of electric vehicles
    3.1.1.2. Rising awareness about environmental issues and the need for sustainable transportation solutions
    3.1.1.3. Growing investment in electric vehicle infrastructure development
  3.1.2. Market Challenges
    3.1.2.1. High initial costs coolant
  3.1.3. Market Opportunities
    3.1.3.1. Cohesive government initiatives and regulations
    3.1.3.2. Ongoing research and development in battery technologies and cooling systems

CHAPTER 4. GLOBAL ELECTRIC VEHICLE BATTERY COOLANT MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL ELECTRIC VEHICLE BATTERY COOLANT MARKET, BY PRODUCT TYPE

5.1. Market Snapshot
5.2. Global Electric Vehicle Battery Coolant Market by Product Type, Performance - Potential Analysis
5.3. Global Electric Vehicle Battery Coolant Market Estimates & Forecasts by Product Type 2020-2030 (USD Billion)
5.4. Electric Vehicle Battery Coolant Market, Sub Segment Analysis
  5.4.1. Direct
  5.4.2. Indirect

CHAPTER 6. GLOBAL ELECTRIC VEHICLE BATTERY COOLANT MARKET, BY VEHICLE TYPE

6.1. Market Snapshot
6.2. Global Electric Vehicle Battery Coolant Market by Vehicle Type, Performance - Potential Analysis
6.3. Global Electric Vehicle Battery Coolant Market Estimates & Forecasts by Vehicle Type 2020-2030 (USD Billion)
6.4. Electric Vehicle Battery Coolant Market, Sub Segment Analysis
  6.4.1. Battery Electric Vehicle
  6.4.2. Hybrid Electric Vehicle
  6.4.3. Plug-in Hybrid Electric Vehicle

CHAPTER 7. GLOBAL ELECTRIC VEHICLE BATTERY COOLANT MARKET, BY BATTERY TYPE

7.1. Market Snapshot
7.2. Global Electric Vehicle Battery Coolant Market by Battery Type, Performance - Potential Analysis
7.3. Global Electric Vehicle Battery Coolant Market Estimates & Forecasts by Battery Type 2020-2030 (USD Billion)
7.4. Electric Vehicle Battery Coolant Market, Sub Segment Analysis
  7.4.1. Lead Acid Battery
  7.4.2. Nickel Metal Hydrid Battery
  7.4.3. Lithium-ion Battery

CHAPTER 8. GLOBAL ELECTRIC VEHICLE BATTERY COOLANT MARKET, REGIONAL ANALYSIS

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Electric Vehicle Battery Coolant Market, Regional Market Snapshot
8.4. North America Electric Vehicle Battery Coolant Market
  8.4.1. U.S. Electric Vehicle Battery Coolant Market
    8.4.1.1. Product Type breakdown estimates & forecasts, 2020-2030
    8.4.1.2. Vehicle Type breakdown estimates & forecasts, 2020-2030
    8.4.1.3. Battery Type breakdown estimates & forecasts, 2020-2030
  8.4.2. Canada Electric Vehicle Battery Coolant Market
8.5. Europe Electric Vehicle Battery Coolant Market Snapshot
  8.5.1. U.K. Electric Vehicle Battery Coolant Market
  8.5.2. Germany Electric Vehicle Battery Coolant Market
  8.5.3. France Electric Vehicle Battery Coolant Market
  8.5.4. Spain Electric Vehicle Battery Coolant Market
  8.5.5. Italy Electric Vehicle Battery Coolant Market
  8.5.6. Rest of Europe Electric Vehicle Battery Coolant Market
8.6. Asia-Pacific Electric Vehicle Battery Coolant Market Snapshot
  8.6.1. China Electric Vehicle Battery Coolant Market
  8.6.2. India Electric Vehicle Battery Coolant Market
  8.6.3. Japan Electric Vehicle Battery Coolant Market
  8.6.4. Australia Electric Vehicle Battery Coolant Market
  8.6.5. South Korea Electric Vehicle Battery Coolant Market
  8.6.6. Rest of Asia Pacific Electric Vehicle Battery Coolant Market
8.7. Latin America Electric Vehicle Battery Coolant Market Snapshot
  8.7.1. Brazil Electric Vehicle Battery Coolant Market
  8.7.2. Mexico Electric Vehicle Battery Coolant Market
8.8. Middle East & Africa Electric Vehicle Battery Coolant Market
  8.8.1. Saudi Arabia Electric Vehicle Battery Coolant Market
  8.8.2. South Africa Electric Vehicle Battery Coolant Market
  8.8.3. Rest of Middle East & Africa Electric Vehicle Battery Coolant Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Boyd Corporation
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Recent Developments
  9.3.2. Dober Chemical Corporation
  9.3.3. Valvoline Inc.
  9.3.4. Castrol Limited
  9.3.5. Exxon Mobil Corporation
  9.3.6. Cargill, Incorporated
  9.3.7. BASF SE
  9.3.8. Royal Dutch Shell plc
  9.3.9. TotalEnergies SE
  9.3.10. Mikros Technologies, Inc.

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Electric Vehicle Battery Coolant Market, report scope
TABLE 2. Global Electric Vehicle Battery Coolant Market estimates & forecasts by region 2020-2030 (USD Billion)
TABLE 3. Global Electric Vehicle Battery Coolant Market estimates & forecasts by Product Type 2020-2030 (USD Billion)
TABLE 4. Global Electric Vehicle Battery Coolant Market estimates & forecasts by Vehicle Type 2020-2030 (USD Billion)
TABLE 5. Global Electric Vehicle Battery Coolant Market estimates & forecasts by Battery Type 2020-2030 (USD Billion)
TABLE 6. Global Electric Vehicle Battery Coolant Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Electric Vehicle Battery Coolant Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Electric Vehicle Battery Coolant Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Electric Vehicle Battery Coolant Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Electric Vehicle Battery Coolant Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Electric Vehicle Battery Coolant Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Electric Vehicle Battery Coolant Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Electric Vehicle Battery Coolant Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Electric Vehicle Battery Coolant Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Electric Vehicle Battery Coolant Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Electric Vehicle Battery Coolant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Electric Vehicle Battery Coolant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Electric Vehicle Battery Coolant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Electric Vehicle Battery Coolant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Electric Vehicle Battery Coolant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Electric Vehicle Battery Coolant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Electric Vehicle Battery Coolant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Electric Vehicle Battery Coolant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Electric Vehicle Battery Coolant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Electric Vehicle Battery Coolant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Electric Vehicle Battery Coolant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Electric Vehicle Battery Coolant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Electric Vehicle Battery Coolant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Electric Vehicle Battery Coolant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Electric Vehicle Battery Coolant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Electric Vehicle Battery Coolant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Electric Vehicle Battery Coolant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Electric Vehicle Battery Coolant Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Electric Vehicle Battery Coolant Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Electric Vehicle Battery Coolant Market
TABLE 71. List of primary sources, used in the study of global Electric Vehicle Battery Coolant Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Electric Vehicle Battery Coolant Market, research methodology
FIG 2. Global Electric Vehicle Battery Coolant Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Electric Vehicle Battery Coolant Market, key trends 2022
FIG 5. Global Electric Vehicle Battery Coolant Market, growth prospects 2023-2030
FIG 6. Global Electric Vehicle Battery Coolant Market, porters 5 force model
FIG 7. Global Electric Vehicle Battery Coolant Market, pest analysis
FIG 8. Global Electric Vehicle Battery Coolant Market, value chain analysis
FIG 9. Global Electric Vehicle Battery Coolant Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Electric Vehicle Battery Coolant Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Electric Vehicle Battery Coolant Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Electric Vehicle Battery Coolant Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Electric Vehicle Battery Coolant Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Electric Vehicle Battery Coolant Market, regional snapshot 2020 & 2030
FIG 15. North America Electric Vehicle Battery Coolant Market 2020 & 2030 (USD Billion)
FIG 16. Europe Electric Vehicle Battery Coolant Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Electric Vehicle Battery Coolant Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Electric Vehicle Battery Coolant Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Electric Vehicle Battery Coolant Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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