Spain EV Battery Cooling Market Report, Size, Share, Opportunities, and Trends Segmented By Cooling Type, Battery Type, and Vehicle Type – Forecasts from 2025 to 2030

Description

Spain EV Battery Cooling Market Size:

The Spain EV Battery Cooling Market is expected to witness robust growth over the forecast period.

To learn more about this report, request a free sample copy

The Spanish EV battery cooling market is undergoing a significant expansion, directly tied to the national push for electrified transportation. This growth is not merely a reflection of a broader European trend but is fueled by specific, targeted government policies aimed at decarbonizing the transport sector and boosting domestic EV adoption. The market’s trajectory is therefore shaped by legislative mandates, financial incentives, and the evolving technological requirements of modern electric vehicles, creating a robust demand environment for advanced thermal management solutions.

Spain EV Battery Cooling Market Analysis:

• Growth Drivers

The primary growth driver for the Spanish EV battery cooling market is the aggressive government policy to accelerate EV adoption. The National Energy and Climate Plan (NECP) establishes a clear target of 5 million electric vehicles by 2030, which creates a direct, long-term demand for the core components that enable this transition. Furthermore, the MOVES III program, extended with a €400 million budget until December 31, 2025, provides substantial grants for both EV purchases and charging infrastructure. This financial incentive directly increases the number of EVs on Spanish roads. As a result, the volume of vehicles requiring effective battery cooling solutions expands commensurately. High-power, rapid-charging infrastructure, also supported by government initiatives, is another critical driver. The process of fast charging generates significant heat, making high-performance battery thermal management systems an essential and non-negotiable component for vehicle manufacturers to ensure battery safety, longevity, and charging efficiency.

• Challenges and Opportunities

The market faces certain challenges, primarily related to cost and supply chain complexities. The high initial cost of sophisticated liquid cooling systems, which incorporate components like pumps, chillers, and heat exchangers, can be a constraint on mass-market EV affordability. This challenge presents an opportunity for innovation in manufacturing processes and material science to reduce the total cost of ownership for these systems. Additionally, the reliance on a global supply chain for key components and raw materials introduces logistical complexities and potential for disruptions. Opportunities emerge from the need for localized production and R&D, which can enhance supply chain resilience and reduce dependencies. This localization can also foster the development of cooling solutions specifically optimized for the Spanish climate and driving conditions. The increasing adoption of electric vehicles creates a vast aftermarket opportunity for maintenance, repair, and replacement of battery cooling components.

• Raw Material and Pricing Analysis

The Spanish EV battery cooling market, as a physical product market, is directly influenced by the supply chain and pricing of key materials. Liquid cooling systems predominantly use coolants based on water and glycol, which are commoditized chemicals with relatively stable pricing. However, the systems also rely on components manufactured from metals like aluminum for heat exchangers and copper for wiring. The pricing of these materials is subject to global commodity market fluctuations, which can impact the final cost of a battery cooling module. The supply of these materials is generally robust, but the manufacturing of specialized electronic components and pumps can be concentrated in specific global hubs, introducing potential for logistical constraints.

• Supply Chain Analysis

The global supply chain for EV battery cooling systems is complex and highly integrated. Key production hubs for pumps, thermal interface materials, and chillers are located across Asia and North America. European operations, including those in Spain, are often focused on final system integration and vehicle-specific customization. Logistical complexities arise from the need to transport delicate electronic and mechanical components efficiently across continents. A strong dependency exists on a limited number of specialized manufacturers for high-performance components, which necessitates close collaboration between vehicle OEMs and thermal management system suppliers. The shift towards in-house battery production by some European automakers could lead to a reconfiguration of this supply chain, promoting more localized sourcing and integration of thermal solutions.

Spain EV Battery Cooling Market Government Regulations:

The Spanish government, aligned with European Union directives, implements several regulations that directly impact the EV market and, by extension, the demand for battery cooling.

Spain EV Battery Cooling Market Segment Analysis:

• By Vehicle Type: Battery Electric Vehicles (BEVs)

The Battery Electric Vehicle (BEV) segment is the most significant growth driver for advanced battery cooling solutions in Spain. BEVs rely exclusively on large battery packs for propulsion, making effective thermal management a critical imperative for their performance, range, and longevity. Unlike Hybrid Electric Vehicles (HEVs), which have a secondary internal combustion engine, BEVs operate under a constant thermal load, especially during rapid charging and high-performance driving. This sustained heat generation necessitates sophisticated liquid cooling systems to maintain the battery’s optimal operating temperature range. As Spanish policy and consumer preferences push for longer-range BEVs, the demand for cooling systems capable of managing larger, more energy-dense batteries will continue to intensify. The functional success and safety of a BEV are directly dependent on its thermal management system, elevating this component from a functional requirement to a core competitive differentiator.

• By Cooling Type: Liquid Cooling

Liquid cooling dominates the Spanish EV battery cooling market due to its superior efficiency in heat dissipation compared to air or fan cooling. This technology, which circulates a fluid (typically a water-glycol mixture) through channels and plates in direct contact with the battery cells, offers precise temperature control and uniform cooling across the entire battery pack. This precision is essential for maximizing battery life and performance, especially in high-power applications like BEVs and fast-charging scenarios. The inherent thermal conductivity of liquid coolants allows for the rapid removal of heat, preventing localized hot spots and mitigating the risk of thermal runaway. While liquid cooling systems are more complex and expensive than air-based alternatives, their ability to handle the thermal demands of high-density lithium-ion batteries makes them the standard for modern EV design. The continued development of liquid cooling technologies, such as advanced heat exchangers and more efficient pumps, will cement this segment's market leadership.

Spain EV Battery Cooling Market Competitive Analysis:

The competitive landscape in Spain's EV battery cooling market is characterized by a mix of established global automotive suppliers and specialized technology firms. These companies compete on the basis of technological innovation, system integration capabilities, and strategic partnerships with major automakers.

• Visteon Corporation

Visteon is a global automotive electronics supplier that has strategically diversified into the electrification space. The company's portfolio includes advanced Battery Management Systems (BMS) with integrated thermal management capabilities. Visteon's solutions are engineered to support various vehicle platforms and battery chemistries. Their wired and wireless BMS offerings, as detailed in their official publications, emphasize industry-leading measurement accuracy and synchronization. Visteon's approach to thermal management is to deliver integrated, scalable software stacks that ensure functional safety and performance, positioning them as a key partner for OEMs in the development of next-generation electric vehicles. The company’s focus on integrated power electronics and shared cooling architectures aims to improve system efficiency and reduce complexity.

• Infineon Technologies

Infineon is a semiconductor company that provides a range of components for the EV thermal management ecosystem. While not a direct manufacturer of entire cooling systems, Infineon supplies critical electronic components, such as microcontrollers and sensors, that are essential for the intelligent control of pumps, fans, and chillers within a thermal management system. Their products are foundational to the functionality of advanced battery cooling solutions, enabling precise temperature regulation and optimized energy consumption. Infineon's strategy is to provide the enabling technology that allows system integrators and OEMs to design highly efficient and reliable thermal management systems.

Spain EV Battery Cooling Market Developments:

• September 2025: Visteon Corporation and FUTURUS partnered to advance next-generation head-up display technology. This development, while not directly related to battery cooling, showcases Visteon’s continued investment and strategic focus on advanced automotive electronics, which includes its electrification portfolio and thermal management solutions.
• June 2025: US-based startup Ample initiated operations of its modular battery swapping stations in Madrid, targeting car-sharing fleets like the Fiat 500e. While not a direct cooling product, this is a major infrastructure development that fundamentally changes thermal management needs. Ample's stations automatically swap a depleted battery for a fully charged one in about five minutes. The critical factor for cooling is that the stations charge batteries off-board at a "relatively tame" speed over time, which puts less extreme thermal stress on the pack compared to continuous DC fast charging in a vehicle. This model requires the on-board cooling system to manage the discharge/swap process and maintain optimal battery temperature while the vehicle is in operation, but it delegates the most arduous charging-related cooling entirely to the stationary station environment, opening new design considerations for in-vehicle BTMS.

Spain EV Battery Cooling Market Scope:

Spain EV Battery Cooling Market Segmentation:

BY COOLING TYPE

• Air Cooling
• Liquid Cooling
• Fan Cooling

BY BATTERY TYPE

• Lead Acid
• Lithium Ion
• Others

BY VEHICLE TYPE

• Battery Electric Vehicles
• Hybrid Electric Vehicles
• Plug-In Hybrid Electric Vehicle

Our Best-Performing Industry Reports:

• EV Powertrain Market
• Ultra-Fast EV Batteries Market
• Vehicle-To-Grid (V2G) Market

Table Of Contents

1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK 

5. SPAIN EV BATTERY COOLING MARKET BY COOLING TYPE  

5.1. Introduction

5.2. Air Cooling

5.3. Liquid Cooling

5.4. Fan Cooling

6. SPAIN EV BATTERY COOLING MARKET BY BATTERY TYPE  

6.1. Introduction

6.2. Lead Acid

6.3. Lithium Ion

6.4. Others

7. SPAIN EV BATTERY COOLING MARKET BY VEHICLE TYPE  

7.1. Introduction

7.2. Battery Electric Vehicles

7.3. Hybrid Electric Vehicles

7.4. Plug-In Hybrid Electric Vehicle

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. Denso Corporation 

9.2. Neklar 

9.3. Guchen 

9.4. Dana Incorporated

9.5. Valeo 

9.6. BorgWarner 

9.7. Continental AG  

9.8. Robert Bosch GmbH 

9.9. ILPEA  Galvarplast 

9.10.  Millor Battery 

10. APPENDIX

10.1. Currency 

10.2. Assumptions

10.3. Base and Forecast Years Timeline

10.4. Key benefits for the stakeholders

10.5. Research Methodology 

10.6. Abbreviations 

Companies Profiled

Denso Corporation 

Neklar 

Guchen 

Dana Incorporated

Valeo 

BorgWarner 

Continental AG  

Robert Bosch GmbH 

ILPEA Galvarplast 

Millor Battery 

Related Reports