Battery Thermal Pads Market
1
3 MARKET SIZE USD 950 million in 2024 USD 1.68 billion by 2032
2
7.2% CAGR
MARKET DRIVERS
MARKET SEGMENTATION By
Type
• Silicone Battery Thermal Pads
Market Segmentation By Application
• Semiconductor Heat Sink
• Electric Vehicle
• Silicone-free Battery Thermal Pads
• Communication and Power Equipment
REGIONAL ANALYSIS
North America Europe
1
Demonstrates strong adoption due to stringent battery safety regulations and rapid EV adoption
Asia-Pacific
2
Follows closely, with Germany and Norway driving demand through aggressive emission reduction policies
3
Currently dominates the battery thermal pads market, accounting for over 45% of global demand
KEY
