India EV Battery Cooling Systems Market 2033

India EV Battery Cooling Systems Market Size, Share, Trends and Forecast by Cooling Technology, Battery Type, Vehicle Type, Propulsion Type, End User, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A33822

India EV Battery Cooling Systems Market Overview:

The India EV battery cooling systems market size reached USD 0.12 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 0.42 Billion by 2033, exhibiting a growth rate (CAGR) of 15.17% during 2025-2033. Rising EV production, government subsidy programs, and vehicle model diversification, combined with evolving battery chemistries, high-density pack requirements, and modular thermal management needs, are some of the factors positively impacting the market. Adoption of liquid cooling, smart thermal monitoring, and integrated control technologies are additional factors augmenting the India EV battery cooling systems market share.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 0.12 Billion
Market Forecast in 2033	USD 0.42 Billion
Market Growth Rate 2025-2033	15.17%

India EV Battery Cooling Systems Market Trends:

Expansion of Electric Vehicle Production and Model Diversification

India’s automotive industry is witnessing a strategic shift toward electric mobility, supported by government-led initiatives and investments by original equipment manufacturers (OEMs). Policies such as the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, along with state-level subsidies, are driving large-scale deployment of electric two-wheelers, three-wheelers, and passenger vehicles. As EV volumes grow, the focus is intensifying on thermal management systems that ensure battery safety, enhance performance, and extend lifecycle under diverse Indian climatic conditions. Manufacturers are integrating battery cooling systems: liquid-cooled, air-cooled, and phase-change-based, as a core part of vehicle architecture to mitigate overheating risks and prevent thermal runaway incidents. The proliferation of EV platforms across budget, mid-range, and premium segments is creating demand for adaptable, high-efficiency cooling solutions suited to varying cell chemistries and pack designs. On April 1, 2024, Panasonic Energy announced that it has entered discussions with IndianOil to form a joint venture aimed at manufacturing cylindrical lithium-ion batteries in India. This partnership aligns with the growing demand for electric vehicle (EV) batteries and supports India's transition to sustainable energy. The joint venture is expected to enhance the production capacity for EV batteries, contributing to both local manufacturing and the development of green mobility solutions in the region. Furthermore, fleet operators and logistics providers deploying commercial EVs are prioritizing cooling systems that ensure reliability under long-range usage and fast-charging environments. As OEMs seek modular, scalable technologies for next-generation EV models, India EV battery cooling systems market growth is being shaped by rising demand for safe, efficient, and customizable thermal management solutions across diverse vehicle classes and use cases.

India EV Battery Cooling Systems Market size

Advancements in Battery Chemistry and Thermal Control Technology

The evolution of lithium-ion battery technologies, particularly the shift toward high energy-density chemistries such as NMC (Nickel Manganese Cobalt) and LFP (Lithium Iron Phosphate), is necessitating more sophisticated cooling techniques. These newer battery types operate under higher thermal stress thresholds and require precise temperature regulation to maintain safety and performance. As a result, there is growing adoption of liquid immersion cooling, integrated thermal interface materials, and smart thermal sensors to monitor and manage cell temperatures in real-time. Indian startups and engineering firms are investing in R&D to develop compact, low-power cooling modules with embedded control systems that optimize energy use without compromising thermal stability. On April 1, 2025, Clean Electric announced the launch of its groundbreaking 12-minute charging battery technology for electric vehicles (EVs), designed to significantly reduce charging time and enhance the user experience. The technology, which utilizes advanced energy storage solutions, has the potential to revolutionize the EV market by addressing one of the most significant challenges—long charging times. In parallel, Tier-1 suppliers are collaborating with battery pack designers to co-engineer solutions that reduce space, cost, and weight while improving cooling efficiency. The emergence of indigenous battery manufacturing ecosystems, supported by the Production Linked Incentive (PLI) scheme for Advanced Chemistry Cells, is further driving the need for localized, standards-compliant cooling systems. These developments are enabling performance optimization across EV applications while ensuring compliance with global safety norms.

India EV Battery Cooling Systems Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on cooling technology, battery type, vehicle type, propulsion type, and end user.

Cooling Technology Insights:

Air Cooling Systems
Liquid Cooling Systems
Phase Change Material (PCM) Cooling Systems
Refrigerant Cooling Systems

The report has provided a detailed breakup and analysis of the market based on the cooling technology. This includes air cooling systems, liquid cooling systems, phase change material (PCM) cooling systems, and refrigerant cooling systems.

Battery Type Insights:

Lithium-Ion Batteries
Nickel-Metal Hydride Batteries
Solid-State Batteries
Others

The report has provided a detailed breakup and analysis of the market based on the battery type. This includes lithium-ion batteries, nickel-metal hydride batteries, solid-state batteries, and others.

Vehicle Type Insights:

Passenger Vehicles
Commercial Vehicles
Two-Wheelers
Three-Wheelers

The report has provided a detailed breakup and analysis of the market based on the vehicle type. This includes passenger vehicles, commercial vehicles, two-wheelers, and three-wheelers.

Propulsion Type Insights:

Battery Electric Vehicles (BEVs)
Plug-in Hybrid Electric Vehicles (PHEVs)
Hybrid Electric Vehicles (HEVs)

The report has provided a detailed breakup and analysis of the market based on the propulsion type. This includes battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hybrid electric vehicles (HEVs).

End User Insights:

OEMs (Original Equipment Manufacturers)
Aftermarket

The report has provided a detailed breakup and analysis of the market based on the end user. This includes OEMs (original equipment manufacturers) and aftermarket.

Regional Insights:

North India
South India
East India
West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India EV Battery Cooling Systems Market News:

On February 28, 2024, NORMA Group announced its collaboration with an Indian car manufacturer to provide advanced cooling water systems for their electric SUV models. This partnership, set to equip around 700,000 vehicles by 2030, highlights NORMA Group's role in supporting India's transition to electric mobility and carbon neutrality. By utilizing innovative plastic lines instead of rubber hoses, the cooling system design reduces weight by approximately 20-25%, enhancing vehicle efficiency and thermal management.

India EV Battery Cooling Systems Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Cooling Technology Battery Type Vehicle Type Propulsion Type End User Region
Cooling Technologies Covered	Air Cooling Systems, Liquid Cooling Systems, Phase Change Material (PCM) Cooling Systems, Refrigerant Cooling Systems
Battery Types Covered	Lithium-Ion Batteries, Nickel-Metal Hydride Batteries, Solid-State Batteries, Others
Vehicle Types Covered	Passenger Vehicles, Commercial Vehicles, Two-Wheelers, Three-Wheelers
Propulsion Types Covered	Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs), Hybrid Electric Vehicles (HEVs)
End Users Covered	OEMs (Original Equipment Manufacturers), Aftermarket
Regions Covered	North India, South India, East India, West India
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the India EV battery cooling systems market performed so far and how will it perform in the coming years?
What is the breakup of the India EV battery cooling systems market on the basis of cooling technology?
What is the breakup of the India EV battery cooling systems market on the basis of battery type?
What is the breakup of the India EV battery cooling systems market on the basis of vehicle type?
What is the breakup of the India EV battery cooling systems market on the basis of propulsion type?
What is the breakup of the India EV battery cooling systems market on the basis of end user?
What is the breakup of the India EV battery cooling systems market on the basis of region? What are the various stages in the value chain of the India EV battery cooling systems market?
What are the key driving factors and challenges in the India EV battery cooling systems market?
What is the structure of the India EV battery cooling systems market and who are the key players?
What is the degree of competition in the India EV battery cooling systems market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India EV battery cooling systems market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India EV battery cooling systems market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India EV battery cooling systems industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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