북미의 EV 배터리용 액침냉각 시장 예측(-2030년) : 지역별 분석 - 유형별, 냉각액 유형별

The North America immersion cooling for EV batteries market was valued at US$ 4.70 million in 2026 and is expected to reach US$ 61.10 million by 2030; it is estimated to grow at a CAGR of 89.9% from 2026 to 2030.

Growing Demand for Electric Vehicles Drive North America Immersion Cooling for EV Batteries Market

Electric vehicle (EV) sales are proliferating due to concerns regarding environmental protection and government policies favoring the adoption of low-emission or zero-emission vehicles. Also, governments of different countries are offering subsidies and tax rebates to citizens to increase the adoption of EVs. The government authorities are taking various initiatives to promote EVs globally. Several US states are taking initiatives by providing financial incentives, including rebates, tax credits, and registration fee reductions, thereby promoting EV adoption in the country. For instance, in 2021, the government of Colorado offered a tax credit of US$ 4,000 on the purchase of a light-duty EV. Similarly, the government of Connecticut accepts a reduced biyearly vehicle registration fee of US$ 38 for EVs. Such government initiatives are increasing the demand for EVs, which has led to an increase in EV sales worldwide. According to IEA's annual Global Electric Vehicle Outlook, in 2022, more than 10 million electric cars were sold worldwide, which is expected to grow by 35% in 2023 to reach 14 million units. Thus, the growing sales of EVs are boosting the need for batteries that remain cool to function at peak performance throughout the vehicle's life. This factor is driving the growth of the North America immersion cooling for EV batteries market.

North America Immersion Cooling for EV Batteries Market Overview

The North America immersion cooling for EV batteries market is segmented into the US, Canada, and Mexico. The expected rise in the adoption of immersion cooling for EV batteries in this region can be credited to the growing EV sales and production in the region. According to the report by Cox Automotive, ~300,000 new full battery-electric vehicles were sold in the US in Q2 2023, which was an increase of 48.4% compared to Q2 2022. Tesla was the largest seller of EVs in the US, selling more than 175,000 EVs, which was an increase of 34.8% in Q2 2023 from Q1 2023. Also, as per NADA, fully electric vehicles accounted for ~7% of North America's total car production in December 2022, which increased from 4.7% in December 2021. This increase in EV sales and production is raising the demand for EV battery manufacturing in the region. For this, various automotive manufacturers are also continuously investing in the manufacturing of batteries and EVs. In October 2022, Energy Storage Firm ONE announced the investment of US$ 1.6 billion in EV battery manufacturing in Michigan, US. This new factory, ONE Circle is expected to be operational by the end of 2027. In addition, it is also expected that, by 2028, the factory will achieve a 45% reduction in carbon emissions through a circular manufacturing approach. Such continuous focus on producing EVs and EV batteries is expected to create opportunities for companies to develop more efficient immersion cooling batteries.

The region also has the presence of most of the world's largest automotive OEMs, who have their established manufacturing plants in North America. Most of these OEMs have undertaken various electrification initiatives. For instance, in July 2021, Stellantis planned to invest ~US$ 35.5 billion in vehicle electrification and new software/technologies by 2025. Furthermore, Stellantis joined automakers such as General Motors, Volkswagen, and Ford Motor in announcing investments of tens of billions of dollars in EVs. Moreover, the government of the North American countries are taking various initiatives to increase EV production in the region. California, one of the largest automotive manufacturing hubs in the world, started providing incentives and mandates to the automotive OEMs for zero-emission vehicles. For instance, in August 2022, the California Air Resources Board approved the trailblazing Advanced Clean Cars II regulation to accelerate 100% new zero-emission vehicle sales by 2035. Such initiatives are strengthening the sales and production of EVs in the region, raising the demand for high-capacity batteries. This, in turn, will increase the need for an efficient thermal management system for batteries, propelling the growth of the North America immersion cooling for EV batteries market.

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

North America Immersion Cooling for EV Batteries Market Segmentation

The North America immersion cooling for EV batteries market is segmented based on type,

cooling fluid type, and country.

Based on type, the North America 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 North America 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 North America immersion cooling for EV batteries market is bifurcated into the US and the Rest of North America. The US dominated the North America immersion cooling for EV batteries market in 2026.

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

Table Of Contents

1. Introduction

• 1.1 The Insight Partners Research Report Guidance
• 1.2 Market Segmentation

2. Executive Summary

• 2.1 Key Insights
• 2.2 Market Attractiveness

3. Research Methodology

• 3.1 Coverage
• 3.2 Secondary Research
• 3.3 Primary Research

4. North America Immersion Cooling for EV Batteries Market Landscape

• 4.1 Overview
• 4.2 North America PEST Analysis
• 4.3 Ecosystem Analysis
  • 4.3.1 List of Vendors in Value Chain:

5. North America Immersion Cooling for EV Batteries Market - Key Industry Dynamics

• 5.1 Market Drivers
  • 5.1.1 Increase in Demand for High-Capacity Batteries to Extend EV Driving Range
  • 5.1.2 Growing Demand for Electric Vehicles
• 5.2 Market Restraints
  • 5.2.1 Challenges Associated with Immersion Cooling
• 5.3 Market Opportunities
  • 5.3.1 Advantages of Immersion Cooling
• 5.4 Future Trends
  • 5.4.1 Growing Incorporation of Immersion-cooled Battery into Road-Going Vehicles
• 5.5 Impact Analysis of Drivers and Restraints

6. Immersion Cooling for EV Batteries Market - North America Market Analysis

• 6.1 North America Immersion Cooling for EV Batteries Market Overview
• 6.2 North America Immersion Cooling for EV Batteries Market Revenue (US$ Million), 2022 - 2030
• 6.3 North America Immersion Cooling for EV Batteries Market Forecast and Analysis

7. North America Immersion Cooling for EV Batteries Market Analysis - Type

• 7.1 Single-Phase Immersion Cooling
  • 7.1.1 Overview
  • 7.1.2 Single-Phase Immersion Cooling Market Revenue and Forecasts To 2030 (US$ Million)
• 7.2 Two-Phase Immersion Cooling
  • 7.2.1 Overview
  • 7.2.2 Two-Phase Immersion Cooling Market Revenue and Forecasts To 2030 (US$ Million)

8. North America Immersion Cooling for EV Batteries Market Analysis - Cooling Fluid Type

• 8.1 Mineral Oil
  • 8.1.1 Overview
  • 8.1.2 Mineral Oil Market Revenue and Forecasts To 2030 (US$ Million)
• 8.2 Synthetic Oil
  • 8.2.1 Overview
  • 8.2.2 Synthetic Oil Market Revenue and Forecasts To 2030 (US$ Million)
• 8.3 Others
  • 8.3.1 Overview
  • 8.3.2 Others Market Revenue and Forecasts To 2030 (US$ Million)

9. North America Immersion Cooling for EV Batteries Market - Country Analysis

• 9.1 Overview
  • 9.1.1 North America Immersion Cooling for EV Batteries Market Revenue and Forecasts and Analysis - By Countries
    • 9.1.1.1 US: North America Immersion Cooling for EV Batteries Market Revenue and Forecasts to 2030 (US$ Mn)
      • 9.1.1.1.1 US: North America Immersion Cooling for EV Batteries Market Breakdown by Type
      • 9.1.1.1.2 US: North America Immersion Cooling for EV Batteries Market Breakdown by Cooling Fluid Type
    • 9.1.1.2 Rest of North America: North America Immersion Cooling for EV Batteries Market Revenue and Forecasts to 2030 (US$ Mn)
      • 9.1.1.2.1 Rest of North America: North America Immersion Cooling for EV Batteries Market Breakdown by Type
      • 9.1.1.2.2 Rest of North America: North America Immersion Cooling for EV Batteries Market Breakdown by Cooling Fluid Type

10. Competitive Landscape

• 10.1 Heat Map Analysis By Key Players
• 10.2 Company Positioning & Concentration

11. Industry Landscape

• 11.1 Market Initiative
• 11.2 New Development

12. Company Profiles

• 12.1 Ricardo Plc
  • 12.1.1 Key Facts
  • 12.1.2 Business Description
  • 12.1.3 Contribution to Immersion Cooling Technology for EV Batteries
  • 12.1.4 Financial Overview
  • 12.1.5 SWOT Analysis
  • 12.1.6 Key Developments
• 12.2 Mahle GmbH
  • 12.2.1 Key Facts
  • 12.2.2 Business Description
  • 12.2.3 Contribution to Immersion Cooling Technology for EV Batteries
  • 12.2.4 Financial Overview
  • 12.2.5 SWOT Analysis
  • 12.2.6 Key Developments
• 12.3 The Lubrizol Corp
  • 12.3.1 Key Facts
  • 12.3.2 Business Description
  • 12.3.3 Contribution to Immersion Cooling Technology for EV Batteries
  • 12.3.4 Financial Overview
  • 12.3.5 SWOT Analysis
  • 12.3.6 Key Developments
• 12.4 SAE International
  • 12.4.1 Key Facts
  • 12.4.2 Business Description
  • 12.4.3 Contribution to Immersion Cooling Technology for EV Batteries
  • 12.4.4 Financial Overview
  • 12.4.5 SWOT Analysis
  • 12.4.6 Key Developments
• 12.5 Cargill Inc
  • 12.5.1 Key Facts
  • 12.5.2 Business Description
  • 12.5.3 Contribution to Immersion Cooling Technology for EV Batteries
  • 12.5.4 Financial Overview
  • 12.5.5 SWOT Analysis
  • 12.5.6 Key Developments
• 12.6 Engineered Fluids Inc
  • 12.6.1 Key Facts
  • 12.6.2 Business Description
  • 12.6.3 Contribution to Immersion Cooling Technology for EV Batteries
  • 12.6.4 Financial Overview
  • 12.6.5 SWOT Analysis
  • 12.6.6 Key Developments
• 12.7 M&I Materials Ltd
  • 12.7.1 Key Facts
  • 12.7.2 Business Description
  • 12.7.3 Contribution to Immersion Cooling Technology for EV Batteries
  • 12.7.4 Financial Overview
  • 12.7.5 SWOT Analysis
  • 12.7.6 Key Developments

13. Appendix

• 13.1 Word Index