Battery Cooling Plate Market Size, Share & Trends Analysis Report By Product (Direct Cooling, Indirect Cooling), By Application (BEV, PHEV), By Region, And Segment Forecasts, 2022 - 2030

Battery Cooling Plate Market Growth & Trends

The global battery cooling plate market size is expected to reach USD 5.01 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 35.7% during the forecast period. Increasing demand for electric vehicles (EVs) because of the ongoing decarbonization efforts and green energy initiatives is anticipated to be the key driver for the growth of the battery cooling plate market during the forecast period.

Battery electric vehicles (BEV) are anticipated to drive volume demand for the market. This type of EV uses a battery pack to store electrical energy to power its motor. Since heat dissipation is extremely important for safety and optimum performance, battery cooling plates are widely utilized. These are mainly used in liquid cooling, a widely used battery thermal management system technology.

An increase in the production of EVs is fueling market growth. For instance, in May 2022, Hyundai Motor announced to invest USD 5.54 billion in building its first EV and battery-producing facility in Georgia, U.S. The operations for this plant are anticipated to commence in 2025 having an expected annual production capacity of 300,000 vehicles. The investment is a step by the company to achieve its target of selling 3.23 million EVs in a year globally by 2030.

Indirect cooling accounted for the highest revenue share of the market in 2021 and this is likely to continue during the forecast period. Like traditional internal combustion engines, the liquid coolant circulates through a system of pipes that are embedded into a battery cooling plate. It is the most widely used commercial technology and is readily being utilized by EVs. There is ongoing R&D to develop more efficient cooling methods.

The Asia Pacific accounted for the highest revenue share of the market in 2021 due to the highest volumes sold. Charging infrastructure is being developed at a rapid pace. Various tax incentives are being provided to buyers to encourage purchase. For instance, China is considering extending the 10% purchase tax exemption on EVs, to boost sales, post the COVID-19 situation. This is anticipated to boost EV production and would positively impact the demand for battery cooling plate.

Battery Cooling Plate Market Report Highlights

  • Based on product, indirect cooling is anticipated to register a CAGR of 35.9%, in terms of revenue, from 2022 to 2030. This cooling type is widely used in EVs, because of its established technology, widely available coolant liquid, and economical cost
  • Based on application, BEV is anticipated to register the highest CAGR of 40.3% in terms of revenue during the forecast period. These are purely battery-operated vehicles, which have zero carbon emission and attract tax incentives for their production and purchase
  • Based on region, Asia Pacific is expected to register the highest CAGR of 37.6%, in terms of revenue, in the forecast period. Various government initiatives are propelling growth. For instance, the region is part of the Electric Vehicles Initiative (EVI), a forum that is aimed at accelerating the introduction and adoption of EVs worldwide
  • In September 2021, MAHLE GmbH developed a new system for cooling batteries. The immersion cooling technology helps in reducing charging time for EVs; thus, batteries can be smaller, resulting in more resource-efficient and low-cost EVs
Please note The report will be delivered in 2-8 business days upon order notification.


Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Insights
2.2. Market Snapshot
2.3. Segmental Outlook
Chapter 3. Battery Cooling Plate Market Variables, Trends, and Scope
3.1. Market Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Raw Material Trends
3.4. Manufacturing Trends & Technology Overview
3.5. Regulatory Framework
3.6. Battery Cooling Plate Market Dynamics
3.6.1. Market Driver Analysis
3.6.2. Market Restraint Analysis
3.6.3. Industry Challenges
3.7. Business Environmental Analysis
3.7.1. Porter’s Five Forces Analysis
3.7.1.1. Supplier Power
3.7.1.2. Buyer Power
3.7.1.3. Substitution Threat
3.7.1.4. Threat From New Entrant
3.7.1.5. Competitive Rivalry
3.7.2. PESTEL Analysis
3.7.2.1. Political
3.7.2.2. Economic
3.7.2.3. Social
3.7.2.4. Technological
3.7.2.5. Environmental
3.7.2.6. Legal
Chapter 4. Battery Cooling Plate Market: Product Estimates & Trend Analysis
4.1. Definition & Scope
4.2. Battery Cooling Plate Market: Product Movement Analysis, 2021 & 2030
4.3. Direct Cooling
4.3.1. Market estimates & forecasts, by direct cooling, 2017 - 2030 (USD Million) (Kilotons)
4.4. Indirect Cooling
4.4.1. Market estimates & forecasts, by indirect cooling, 2017 - 2030 (USD Million) (Kilotons)
Chapter 5. Battery Cooling Plate Market: Application Estimates & Trend Analysis
5.1. Definition & Scope
5.2. Battery Cooling Plate Market: Application Movement Analysis, 2021 & 2030
5.3. BEV
5.3.1. Market estimates & forecasts, by BEV, 2017 - 2030 (USD Million) (Kilotons)
5.4. PHEV
5.4.1. Market estimates & forecasts, by PHEV, 2017 - 2030 (USD Million) (Kilotons)
Chapter 6. Battery Cooling Plate Market Regional Estimates & Trend Analysis
6.1. Regional Snapshot
6.2. Regional Movement Analysis & Market Share, 2021 & 2030
6.3. North America
6.3.1. North America battery cooling plate market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
6.3.2. North America battery cooling plate market estimates and forecasts, by product, 2017 - 2030 (USD Million) (Kilotons)
6.3.3. North America battery cooling plate market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons)
6.3.4. U.S.
6.3.4.1 U.S. battery cooling plate market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
6.3.4.2 U.S. battery cooling plate market estimates and forecasts, by product, 2017 - 2030 (USD Million) (Kilotons)
6.3.4.3 U.S. battery cooling plate market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons)
6.4. Europe
6.4.1. Europe battery cooling plate market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
6.4.2. Europe battery cooling plate market estimates and forecasts, by product, 2017 - 2030 (USD Million) (Kilotons)
6.4.3. Europe battery cooling plate market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons)
6.4.4. Germany
6.4.4.1 Germany battery cooling plate market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
6.4.4.2 Germany battery cooling plate market estimates and forecasts, by product, 2017 - 2030 (USD Million) (Kilotons)
6.4.4.3 Germany battery cooling plate market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons)
6.4.5. France
6.4.5.1 France battery cooling plate market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
6.4.5.2 France battery cooling plate market estimates and forecasts, by product, 2017 - 2030 (USD Million) (Kilotons)
6.4.5.3 France battery cooling plate market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons)
6.4.6. U.K.
6.4.6.1 U.K. battery cooling plate market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
6.4.6.2 U.K. battery cooling plate market estimates and forecasts, by product, 2017 - 2030 (USD Million) (Kilotons)
6.4.6.3 U.K. battery cooling plate market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons)
6.4.7. Netherlands
6.4.7.1 Netherlands battery cooling plate market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
6.4.7.2 Netherlands battery cooling plate market estimates and forecasts, by product, 2017 - 2030 (USD Million) (Kilotons)
6.4.7.3 Netherlands battery cooling plate market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons)
6.5. Asia Pacific
6.5.1. Asia Pacific battery cooling plate market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
6.5.2. Asia Pacific battery cooling plate market estimates and forecasts, by product, 2017 - 2030 (USD Million) (Kilotons)
6.5.3. Asia Pacific battery cooling plate market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons)
6.5.4. China
6.5.4.1 China battery cooling plate market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
6.5.4.2 China battery cooling plate market estimates and forecasts, by product, 2017 - 2030 (USD Million) (Kilotons)
6.5.4.3 China battery cooling plate market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons)
6.5.5. Japan
6.5.5.1 Japan battery cooling plate market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
6.5.5.2 Japan battery cooling plate market estimates and forecasts, by product, 2017 - 2030 (USD Million) (Kilotons)
6.5.5.3 Japan battery cooling plate market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons)
6.6. Central & South America
6.6.1. Central & South America battery cooling plate market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
6.6.2. Central & South America battery cooling plate market estimates and forecasts, by product, 2017 - 2030 (USD Million) (Kilotons)
6.6.3. Central & South America battery cooling plate market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons)
6.7. Middle East & Africa
6.7.1. Middle East & Africa battery cooling plate market estimates and forecasts, 2017 - 2030 (USD Million) (Kilotons)
6.7.2. Middle East & Africa battery cooling plate market estimates and forecasts, by product, 2017 - 2030 (USD Million) (Kilotons)
6.7.3. Middle East & Africa battery cooling plate market estimates and forecasts, by application, 2017 - 2030 (USD Million) (Kilotons)
Chapter 7. Battery Cooling Plate Market: Competitive Analysis
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Vendor Landscape
7.2.1. List of raw material suppliers, distributors, and other prominent manufacturers
7.2.2. List of prospective end-users
Chapter 8. Company Profiles
8.1. Bespoke Composite Panels
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. Dana Limited
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3. Estra Automotive
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. HELLA GmbH & Co. KGaA
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. KOHSAN Co., Ltd
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6. MAHLE GmbH
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Strategic Initiatives
8.7. Modine Manufacturing Company
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Strategic Initiatives
8.8. Nippon Light Metals
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Strategic Initiatives
8.9. Priatherm
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Product Benchmarking
8.9.4. Strategic Initiatives
8.10. SANHUA Automotive
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Product Benchmarking
8.10.4. Strategic Initiatives

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings