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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

August 2022 | 100 pages | ID: B6120D64665BEN
Grand View Research, Inc.

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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
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
LIST OF TABLES

Table 1 Battery cooling plate market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
Table 2 Battery cooling plate market estimates & forecasts, by direct cooling, 2017 - 2030 (USD Million) (Kilotons)
Table 3 Battery cooling plate market estimates & forecasts, by indirect cooling, 2017 - 2030 (USD Million) (Kilotons)
Table 4 Battery cooling plate market estimates & forecasts, by BEV, 2017 - 2030 (USD Million) (Kilotons)
Table 5 Battery cooling plate market estimates & forecasts, by PHEV, 2017 - 2030 (USD Million) (Kilotons)
Table 6 North America battery cooling plate market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
Table 7 North America battery cooling plate market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 8 North America battery cooling plate market estimates & forecasts, by product, 2017 - 2030 (Kilotons)
Table 9 North America battery cooling plate market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 10 North America battery cooling plate market estimates & forecasts, by application, 2017 - 2030 (Kilotons)
Table 11 U.S. battery cooling plate market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
Table 12 U.S. battery cooling plate market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 13 U.S. battery cooling plate market estimates & forecasts, by product, 2017 - 2030 (Kilotons)
Table 14 U.S. battery cooling plate market estimates & forecasts, by application, 2017 - 2030 (USD Million
Table 15 U.S. battery cooling plate market estimates & forecasts, by application, 2017 - 2030 (Kilotons)
Table 16 Europe battery cooling plate market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
Table 17 Europe battery cooling plate market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 18 Europe battery cooling plate market estimates & forecasts, by product, 2017 - 2030 (Kilotons)
Table 19 Europe battery cooling plate market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 20 Europe battery cooling plate market estimates & forecasts, by application, 2017 - 2030 (Kilotons)
Table 21 Germany battery cooling plate market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
Table 22 Germany battery cooling plate market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 23 Germany battery cooling plate market estimates & forecasts, by product, 2017 - 2030 (Kilotons)
Table 24 Germany battery cooling plate market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 25 Germany battery cooling plate market estimates & forecasts, by application, 2017 - 2030 (Kilotons)
Table 26 France battery cooling plate market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
Table 27 France battery cooling plate market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 28 France battery cooling plate market estimates & forecasts, by product, 2017 - 2030 (Kilotons)
Table 29 France battery cooling plate market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 30 France battery cooling plate market estimates & forecasts, by application, 2017 - 2030 (Kilotons)
Table 31 U.K. battery cooling plate market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
Table 32 U.K. battery cooling plate market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 33 U.K. battery cooling plate market estimates & forecasts, by product, 2017 - 2030 (Kilotons)
Table 34 U.K. battery cooling plate market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 35 U.K. battery cooling plate market estimates & forecasts, by application, 2017 - 2030 (Kilotons)
Table 36 Netherlands battery cooling plate market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
Table 37 Netherlands battery cooling plate market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 38 Netherlands battery cooling plate market estimates & forecasts, by product, 2017 - 2030 (Kilotons)
Table 39 Netherlands battery cooling plate market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 40 Netherlands battery cooling plate market estimates & forecasts, by application, 2017 - 2030 (Kilotons)
Table 41 Asia Pacific battery cooling plate market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
Table 42 Asia Pacific battery cooling plate market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 43 Asia Pacific battery cooling plate market estimates & forecasts, by product, 2017 - 2030 (Kilotons)
Table 44 Asia Pacific battery cooling plate market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 45 Asia Pacific battery cooling plate market estimates & forecasts, by application, 2017 - 2030 (Kilotons)
Table 46 China battery cooling plate market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
Table 47 China battery cooling plate market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 48 China battery cooling plate market estimates & forecasts, by product, 2017 - 2030 (Kilotons)
Table 49 China battery cooling plate market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 50 China battery cooling plate market estimates & forecasts, by application, 2017 - 2030 (Kilotons)
Table 51 Japan battery cooling plate market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
Table 52 Japan battery cooling plate market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 53 Japan battery cooling plate market estimates & forecasts, by product, 2017 - 2030 (Kilotons)
Table 54 Japan battery cooling plate market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 55 Japan battery cooling plate market estimates & forecasts, by application, 2017 - 2030 (Kilotons)
Table 56 Central & South America battery cooling plate market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
Table 57 Central & South America battery cooling plate market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 58 Central & South America battery cooling plate market estimates & forecasts, by product, 2017 - 2030 (Kilotons)
Table 59 Central & South America battery cooling plate market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 60 Central & South America battery cooling plate market estimates & forecasts, by application, 2017 - 2030 (Kilotons)
Table 61 Middle East & Africa battery cooling plate market estimates & forecasts, 2017 - 2030 (USD Million) (Kilotons)
Table 62 Middle East & Africa battery cooling plate market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 63 Middle East & Africa battery cooling plate market estimates & forecasts, by product, 2017 - 2030 (Kilotons)
Table 64 Middle East & Africa battery cooling plate market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 65 Middle East & Africa battery cooling plate market estimates & forecasts, by application, 2017 - 2030 (Kilotons)
LIST OF FIGURES

Fig. 1 Market segmentation & scope
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Primary research process
Fig. 5 Primary research approaches
Fig. 6 Market snapshot
Fig. 7 Segmental outlook
Fig. 8 Battery cooling plate market, 2017 - 2030 (USD Million) (Kilotons)
Fig. 9 Penetration & growth prospect mapping, by application, 2021
Fig. 10 Battery cooling plate market - Value chain analysis
Fig. 11 Battery cooling plate - Market dynamics
Fig. 12 Market driver analysis
Fig. 13 Market restraint analysis
Fig. 14 Battery cooling plate market: Product movement analysis, 2021 & 2030 (%) (USD Million)
Fig. 15 Battery cooling plate market: Application movement analysis, 2021 & 2030 (%) (USD Million)
Fig. 16 Battery cooling plate Market: Regional movement analysis, 2021 & 2030 (%) (USD Million)


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