At 90.8% CAGR, the Europe Immersion Cooling for EV Batteries Market is Projected to be Worth US$ 70.61 Million by 2030, Says Business Market Insights
According to Business Market Insights research, 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, registering a CAGR of 90.8% from 2026 to 2030. Advantages of immersion cooling and growing incorporation of immersion-cooled battery into road-going vehicles are among the critical factors attributed to the Europe immersion cooling for EV batteries market expansion.
The demand for reliable EVs is continuously increasing across the globe. EVs are witnessing increasing momentum as companies and governments worldwide are taking various initiatives to promote fossil fuel-free transportation. To achieve this goal, the batteries need to become more powerful, which creates the need for more intense cooling regimes. As a result, various market players are working on incorporating immersion cooling to enhance their EV battery systems. In immersion cooling, a battery is submerged in dielectric fluid, which enables a more direct cooling approach than a water-glycol system. As fluid surrounds the battery cells directly, the cooling process occurs rapidly. If a battery fire occurs, the immersion cooling technique immediately helps to prevent the spread of heat in the entire battery pack, thus stopping other cells from going into thermal runaway. The technique also helps prevent battery degradation due to unexpected cell aging by quickly cooling the cells, thereby reducing the thermal runaway chances through effective heat dissipation. Also, this dielectric fluid helps prevent heat from propagating to adjacent cells, avoiding a cascade effect spreading within the entire battery pack.
Furthermore, the immersion cooling technique helps to address leak protection, preventing electrical shorts even if a fluid leak occurs due to damage. It also facilitates high-speed charging. Also, immersion cooling can help extend the life of battery packs by 8% compared to a water-glycol system. In addition, it can be more effective in controlling peak and average temperatures. It can reduce peak battery temperature by 5% compared to water-based systems and promote more uniform temperatures throughout the pack. Thus, all the above advantages of immersion cooling for EV battery cooling are expected to create an opportunity for the growth of the Europe immersion cooling for EV batteries market during the forecast period.
On the contrary, challenges associated with immersion cooling hampers the growth of Europe immersion cooling for EV batteries market.
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 95.9% share of the Europe immersion cooling for EV batteries market in 2026, amassing US$ 5.11 million. It is projected to garner US$ 68.32 million by 2030 to expand at 91.3% CAGR during 2026-2030.
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 58.1% share of the Europe immersion cooling for EV batteries market in 2026, amassing US$ 3.10 million. It is projected to garner US$ 43.52 million by 2030 to expand at 93.6% CAGR during 2026-2030.
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 held 37.1% share of Europe immersion cooling for EV batteries market in 2026, amassing US$ 1.98 million. It is projected to garner US$ 26.56 million by 2030 to expand at 91.5% CAGR during 2026-2030.
Key players operating in the Europe immersion cooling for EV batteries market are Cargill Inc, Engineered Fluids Inc, EXOES SAS, M&I Materials Ltd, Mahle GmbH, Ricardo Plc, Rimac Technology Ltd, SAE International, and The Lubrizol Corp, among others.
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