Europe Immersion Cooling for EV Batteries Market

The Europe immersion cooling for EV batteries market was valued at US$ 5.33 million in 2026 and is expected to reach US$ 70.61 million by 2030; it is estimated to grow at a CAGR of 90.8% from 2026 to 2030.

Growing Incorporation of Immersion-cooled Battery into Road-Going Vehicles Drive Europe Immersion Cooling for EV Batteries Market

Immersion cooling technology offers superior thermal management to EV batteries as with the help of dielectric fluid, the technology can quickly help to cool the battery, which is increasing its adoption across the globe. Hence, various companies are developing advanced immersion cooling batteries. For instance, in May 2023, WattAlps announced the development of a new immersion cooling technology certified to two leading industry safety standards. This new innovative immersion cooling system by WattAlps has secured IEC 62619 and ISO 26262 certification, becoming the first company to meet both industry standards with an immersion cooling battery. Such developments by the key players are encouraging the companies to incorporate the technology in EVs. In February 2023, RIMAC announced the development of the Koenigsegg Regera, a Hybrid Hypercar, which is a commercial vehicle with an immersion-cooled battery. This battery can deliver a power of ~500 kW. Similarly, in July 2023, TotalEnergies announced that it incorporated an immersion-cooled battery into a road-going vehicle. The company has replaced the battery cooling system with an immersion alternative in a Volvo XC90 plug-in hybrid. This incorporation led to better cooling, faster charging, enhanced safety, and lower cost without modifying the battery or vehicle design. Thus, the growing development of immersion cooling batteries and their incorporation in EVs is expected to fuel the growth of the Europe immersion cooling for EV batteries market during the forecast period.

Europe Immersion Cooling for EV Batteries Market Overview

The Europe immersion cooling for EV batteries market is segmented into Germany, France, Spain, the UK, Italy, and the Rest of Europe. The expanding automotive sector is driving the market in this region. It is one of Europe's largest sectors, representing over 7% of the region's GDP. The region consists of various established car manufacturers continuously working on increasing the production and sales of electric vehicles. According to the European Automobile Manufacturers Association (ACEA), in Q4 of 2022, the region witnessed an increase in the registrations of new battery electric cars by 31.6%, selling 406,890 total units. Out of this, Germany registered 198,293 units of BEVs. France registered 62,155 units, and Sweden registered 37,013 unit sales. Governments of countries in the region are taking various initiatives for the adoption of EVs in the region. For instance, in 2020, the government of the UK awarded US$ 57.87 million for various low-carbon automotive projects, including electric vehicle manufacturing. Also, in July 2021, the European Commission proposed a revised Regulation (EU) 2019/631 to reduce carbon emissions by cars and vans to achieve its 2030 and 2050 climate objectives. Such supportive government policies for reducing carbon emissions are expected to increase the adoption of EVs in the region. This will further propel the demand for high-capacity EV batteries, thereby raising the need for efficient battery cooling solutions and bolstering the growth of the Europe immersion cooling for EV batteries market in Europe. Further, to support these government initiatives, various companies in the market are working on increasing EV production in the region. In March 2022, Ford planned to introduce three new passenger EVs and four new commercial EVs in Europe by 2024. The company also announced its plans to sell more than 600,000 EVs in the region by 2026. Thus, the increase in initiatives from leading players regarding EV production and development is anticipated to drive the Europe immersion cooling for EV batteries market in Europe in the coming years.

Europe Immersion Cooling for EV Batteries Market Revenue and Forecast to 2030 (US$ Million)

Europe Immersion Cooling for EV Batteries Market Segmentation

The Europe immersion cooling for EV batteries market is segmented based on type, cooling fluid type, and country.

Based on type, the Europe immersion cooling for EV batteries market is bifurcated into single-phase immersion cooling and two-phase immersion cooling. The single-phase immersion cooling segment held a larger share in 2026.

By cooling fluid type, the Europe immersion cooling for EV batteries market is segmented into mineral oil, synthetic oil, and others. The synthetic oil segment held the largest share in 2026.

Based on country, the Europe immersion cooling for EV batteries market is segmented into Germany, France, Italy, the UK, and the Rest of Europe. The Rest of Europe dominated the Europe immersion cooling for EV batteries market in 2026.

Cargill Inc, Engineered Fluids Inc, EXOES SAS, M&I Materials Ltd, Mahle GmbH, Ricardo Plc, Rimac Technology Ltd, SAE International, and The Lubrizol Corp are some of the leading companies operating in the Europe immersion cooling for EV batteries market.

Europe Immersion Cooling for EV Batteries Strategic Insights

Strategic insights for the Europe Immersion Cooling for EV Batteries provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Europe Immersion Cooling for EV Batteries Report Scope

Europe Immersion Cooling for EV Batteries Regional Insights

The geographic scope of the Europe Immersion Cooling for EV Batteries refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.