Selected research
Industry Research
Immersion Cooling for EV Battery Industry Research Report 2026
Market perspective
The global Immersion Cooling for EV Battery market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
North America: the Immersion Cooling for EV Battery market is projected to increase from US$ million in 2026 to US$ million by 2032, reflecting a CAGR of % over 2026–2032. Europe: the Immersion Cooling for EV Battery market is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032. Asia Pacific: the Immersion Cooling for EV Battery market is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032. Leading global service providers of Immersion Cooling for EV Battery include XING Mobility Inc, Valeo, The Lubrizol Corp, SAE International, Rimac Technology Ltd, Ricardo Pic, Mahle GmbH, M&l Materials Ltd and EXOES SAS. among others; in 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
Read the full market overview
This report quantifies the global Immersion Cooling for EV Battery market in terms of revenue (US$ million) and, where applicable, service volume (K Units), using 2024 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of service Types and end-use Applications, harmonizes provider attribution, and delivers comparable time series by company, Type, Application, and region or country, including indicative price bands (US$/K Units) and concentration ratios (CR5/CR10). Outputs are intended to support service design, budgeting, capacity planning, and benchmarking for providers, platforms, channel partners, and investors; the report also reviews technology shifts and notable service innovations relevant to Immersion Cooling for EV Battery.
Key Companies & Market Share Insights
This section profiles leading service providers with 2021–2025 results and a 2026–2032 outlook—covering revenue, market share, price bands, service portfolio and client mix, regional and channel mix, and key developments (M&A, network expansion, certifications). It also provides global revenue, average price, and—where applicable—volume metrics by provider, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Immersion Cooling for EV Battery Market by Company
XING Mobility Inc
Valeo
The Lubrizol Corp
SAE International
Rimac Technology Ltd
Ricardo Pic
Mahle GmbH
M&l Materials Ltd
EXOES SAS
Immersion Cooling for EV Battery Segment by Type
Single-Phase Immersion Cooling
Two-Phase Immersion Cooling
Immersion Cooling for EV Battery Segment by Application
Commercial Vehicle
Passenger Vehicle
Immersion Cooling for EV Battery Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Russia
Netherlands
Nordic Countries
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Saudi Arabia
Israel
United Arab Emirates
Turkey
Iran
Egypt
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Immersion Cooling for EV Battery market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Immersion Cooling for EV Battery and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Immersion Cooling for EV Battery.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 6: Detailed analysis of Immersion Cooling for EV Battery companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, South America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.
Chapter 13: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Single-Phase Immersion Cooling
- Two-Phase Immersion Cooling
Applications
- Commercial Vehicle
- Passenger Vehicle
Companies covered
- XING Mobility Inc
- Valeo
- The Lubrizol Corp
- SAE International
- Rimac Technology Ltd
- Ricardo Pic
- Mahle GmbH
- M&l Materials Ltd
- EXOES SAS
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Immersion Cooling for EV Battery by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032)
- 2.2.2 Single-Phase Immersion Cooling
- 2.2.3 Two-Phase Immersion Cooling
- 2.3 Immersion Cooling for EV Battery by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032)
- 2.3.2 Commercial Vehicle
- 2.3.3 Passenger Vehicle
- 2.4 Assumptions and Limitations
3 Immersion Cooling for EV Battery Breakdown Data by Type
- 3.1 Global Immersion Cooling for EV Battery Historic Market Size by Type (2021-2026)
- 3.2 Global Immersion Cooling for EV Battery Forecasted Market Size by Type (2027-2032)
4 Immersion Cooling for EV Battery Breakdown Data by Application
- 4.1 Global Immersion Cooling for EV Battery Historic Market Size by Application (2021-2026)
- 4.2 Global Immersion Cooling for EV Battery Forecasted Market Size by Application (2027-2032)
5 Global Growth Trends
- 5.1 Global Immersion Cooling for EV Battery Market Perspective (2021-2032)
- 5.2 Global Immersion Cooling for EV Battery Growth Trends by Region
- 5.2.1 Global Immersion Cooling for EV Battery Market Size by Region: 2021 VS 2025 VS 2032
- 5.2.2 Immersion Cooling for EV Battery Historic Market Size by Region (2021-2026)
- 5.2.3 Immersion Cooling for EV Battery Forecasted Market Size by Region (2027-2032)
- 5.3 Immersion Cooling for EV Battery Market Dynamics
- 5.3.1 Immersion Cooling for EV Battery Industry Trends
- 5.3.2 Immersion Cooling for EV Battery Market Drivers
- 5.3.3 Immersion Cooling for EV Battery Market Challenges
- 5.3.4 Immersion Cooling for EV Battery Market Restraints
6 Market Competitive Landscape by Players
- 6.1 Global Top Immersion Cooling for EV Battery Players by Revenue
- 6.1.1 Global Top Immersion Cooling for EV Battery Players by Revenue (2021-2026)
- 6.1.2 Global Immersion Cooling for EV Battery Revenue Market Share by Players (2021-2026)
- 6.2 Global Immersion Cooling for EV Battery Industry Players Ranking, 2023 VS 2024 VS 2025
- 6.3 Global Key Players of Immersion Cooling for EV Battery Head Office and Area Served
- 6.4 Global Immersion Cooling for EV Battery Players, Product Type & Application
- 6.5 Global Immersion Cooling for EV Battery Manufacturers Established Date
- 6.6 Global Immersion Cooling for EV Battery Market CR5 and HHI
- 6.7 Global Players Mergers & Acquisition
7 North America
- 7.1 North America Immersion Cooling for EV Battery Market Size (2021-2032)
- 7.2 North America Immersion Cooling for EV Battery Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 7.3 North America Immersion Cooling for EV Battery Market Size by Country (2021-2026)
- 7.4 North America Immersion Cooling for EV Battery Market Size by Country (2027-2032)
- 7.5 United States
- 7.5 United States
- 7.6 Canada
- 7.7 Mexico
8 Europe
- 8.1 Europe Immersion Cooling for EV Battery Market Size (2021-2032)
- 8.2 Europe Immersion Cooling for EV Battery Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3 Europe Immersion Cooling for EV Battery Market Size by Country (2021-2026)
- 8.4 Europe Immersion Cooling for EV Battery Market Size by Country (2027-2032)
- 8.5 Germany
- 8.6 France
- 8.7 U.K.
- 8.8 Italy
- 8.9 Spain
- 8.10 Russia
- 8.11 Netherlands
- 8.12 Nordic Countries
9 Asia-Pacific
- 9.1 Asia-Pacific Immersion Cooling for EV Battery Market Size (2021-2032)
- 9.2 Asia-Pacific Immersion Cooling for EV Battery Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 9.3 Asia-Pacific Immersion Cooling for EV Battery Market Size by Country (2021-2026)
- 9.4 Asia-Pacific Immersion Cooling for EV Battery Market Size by Country (2027-2032)
- 9.5 China
- 9.6 Japan
- 9.7 South Korea
- 9.8 India
- 9.9 Australia
- 9.10 China Taiwan
- 9.11 Southeast Asia
10 South America
- 10.1 South America Immersion Cooling for EV Battery Market Size (2021-2032)
- 10.2 South America Immersion Cooling for EV Battery Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 10.3 South America Immersion Cooling for EV Battery Market Size by Country (2021-2026)
- 10.4 South America Immersion Cooling for EV Battery Market Size by Country (2027-2032)
- 10.5 Brazil
- 10.6 Argentina
- 10.7 Chile
- 10.8 Colombia
- 10.9 Peru
11 Middle East & Africa
- 11.1 Middle East & Africa Immersion Cooling for EV Battery Market Size (2021-2032)
- 11.2 Middle East & Africa Immersion Cooling for EV Battery Market Growth Rate by Country: 2021 VS 2025 VS 2032
- 11.3 Middle East & Africa Immersion Cooling for EV Battery Market Size by Country (2021-2026)
- 11.4 Middle East & Africa Immersion Cooling for EV Battery Market Size by Country (2027-2032)
- 11.5 Saudi Arabia
- 11.6 Israel
- 11.7 United Arab Emirates
- 11.8 Turkey
- 11.9 Iran
- 11.10 Egypt
12 Players Profiled
- 12.1 XING Mobility Inc
- 12.1.1 XING Mobility Inc Company Information
- 12.1.2 XING Mobility Inc Business Overview
- 12.1.3 XING Mobility Inc Revenue in Immersion Cooling for EV Battery Business (2021-2026)
- 12.1.4 XING Mobility Inc Immersion Cooling for EV Battery Product Portfolio
- 12.1.5 XING Mobility Inc Recent Developments
- 12.2 Valeo
- 12.2.1 Valeo Company Information
- 12.2.2 Valeo Business Overview
- 12.2.3 Valeo Revenue in Immersion Cooling for EV Battery Business (2021-2026)
- 12.2.4 Valeo Immersion Cooling for EV Battery Product Portfolio
- 12.2.5 Valeo Recent Developments
- 12.3 The Lubrizol Corp
- 12.3.1 The Lubrizol Corp Company Information
- 12.3.2 The Lubrizol Corp Business Overview
- 12.3.3 The Lubrizol Corp Revenue in Immersion Cooling for EV Battery Business (2021-2026)
- 12.3.4 The Lubrizol Corp Immersion Cooling for EV Battery Product Portfolio
- 12.3.5 The Lubrizol Corp Recent Developments
- 12.4 SAE International
- 12.4.1 SAE International Company Information
- 12.4.2 SAE International Business Overview
- 12.4.3 SAE International Revenue in Immersion Cooling for EV Battery Business (2021-2026)
- 12.4.4 SAE International Immersion Cooling for EV Battery Product Portfolio
- 12.4.5 SAE International Recent Developments
- 12.5 Rimac Technology Ltd
- 12.5.1 Rimac Technology Ltd Company Information
- 12.5.2 Rimac Technology Ltd Business Overview
- 12.5.3 Rimac Technology Ltd Revenue in Immersion Cooling for EV Battery Business (2021-2026)
- 12.5.4 Rimac Technology Ltd Immersion Cooling for EV Battery Product Portfolio
- 12.5.5 Rimac Technology Ltd Recent Developments
- 12.6 Ricardo Pic
- 12.6.1 Ricardo Pic Company Information
- 12.6.2 Ricardo Pic Business Overview
- 12.6.3 Ricardo Pic Revenue in Immersion Cooling for EV Battery Business (2021-2026)
- 12.6.4 Ricardo Pic Immersion Cooling for EV Battery Product Portfolio
- 12.6.5 Ricardo Pic Recent Developments
- 12.7 Mahle GmbH
- 12.7.1 Mahle GmbH Company Information
- 12.7.2 Mahle GmbH Business Overview
- 12.7.3 Mahle GmbH Revenue in Immersion Cooling for EV Battery Business (2021-2026)
- 12.7.4 Mahle GmbH Immersion Cooling for EV Battery Product Portfolio
- 12.7.5 Mahle GmbH Recent Developments
- 12.8 M&l Materials Ltd
- 12.8.1 M&l Materials Ltd Company Information
- 12.8.2 M&l Materials Ltd Business Overview
- 12.8.3 M&l Materials Ltd Revenue in Immersion Cooling for EV Battery Business (2021-2026)
- 12.8.4 M&l Materials Ltd Immersion Cooling for EV Battery Product Portfolio
- 12.8.5 M&l Materials Ltd Recent Developments
- 12.9 EXOES SAS
- 12.9.1 EXOES SAS Company Information
- 12.9.2 EXOES SAS Business Overview
- 12.9.3 EXOES SAS Revenue in Immersion Cooling for EV Battery Business (2021-2026)
- 12.9.4 EXOES SAS Immersion Cooling for EV Battery Product Portfolio
- 12.9.5 EXOES SAS Recent Developments
13 Report Conclusion
14 Disclaimer
GET THE RESEARCH
Choose your license.
Choose who needs access.
All options are for this report and research series.
PDF by email within 3–5 working days after payment confirmation.
Talk to an analyst