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Battery Cooling Plate Market By Material Type (Aluminum, Copper, Graphite, Composite Materials, Others) , By Technology Type (Liquid Cooling Plates, Air Cooling Plates) By Application (Electric Vehicles, Consumer Electronics, Energy Storage Systems, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033

June 2024 | 300 pages | ID: B79385FE02A4EN
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The battery cooling plate market was valued at $2.5 billion in 2023, and is projected t%li%reach $9.8 billion by 2033, growing at a CAGR of 14.9% from 2024 t%li%2033.

Battery cooling plate is a critical component of batteries that regulates their temperature t%li%ensure optimal performance and safety. It plays a pivotal role in thermal management in electric vehicles and energy storage systems by dissipating the heat generated during the charging and discharging cycles of the battery, thereby preventing overheating.

The growth of the market is majorly driven by increase in demand for increase in penetration of portable electronics such as such as smartphones, laptops, tablets, and wearables. According t%li%the estimates of Statista approximately 6.7 billion smartphone subscriptions were registered worldwide in 2023 among a global population of around 7.4 billion. Moreover, surge in adoption of electric vehicles significantly contributes toward the growth of the global market. According t%li%the International Energy Agency, a Paris-based autonomous intergovernmental organization, over 3 million electric vehicles were sold in the first quarter of 2024, around 25% higher as compared t%li%2023. This number is estimated t%li%reach 17 million by the end of 2024, exhibiting a 20% year-on-year increase. These applications require high-performance batteries, which, in turn, propel the demand for battery cooling plates. Fast charging technologies increase the rate of heat generation, requiring efficient cooling systems. These systems play a crucial role in achieving effective cooling t%li%prevent the risk of thermal runaway, thereby improving battery efficiency and enhancing the longevity of electronic devices. However, high cost associated with not only the procurement of cooling plate materials but als%li%the integration int%li%existing battery systems, installation, and maintenance restrains the market growth. Moreover, the market growth is significantly hampered by improper disposal practices of batteries that can lead t%li%several environmental and health issues. On the contrary, implementation of supportive government initiatives for proper battery disposal is expected t%li%offer remunerative opportunities for the expansion of the global market during the forecast period. For instance, the Government of India has implemented the Hazardous Waste Management Rules, 2016, issued under the Environmental Protection Act (EPA) of 1986, which ensure strict adherence t%li%the disposal and recycling of lead-acid batteries in India. Furthermore, innovations in materials, such as high thermal conductivity composites, improve the efficiency and effectiveness of cooling plates, which are expected t%li%offer remunerative opportunities for the expansion of the global market during the forecast period.

The global battery cooling plate market is segmented int%li%material type, technology type, application, and region. Depending on material type, the market is classified int%li%aluminum, copper, graphite, composite materials, and others. By technology type, it is divided int%li%liquid cooling plates and air cooling plates. On the basis of application, it is segregated int%li%electric vehicles, consumer electronics, energy storage systems, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

By material type, the composite materials segment held the highest market share in 2023 and is likely t%li%retain its dominance by 2033.

On the basis of technology, the liquid cooling plates segment was the major shareholder in 2023 and is expected t%li%continue the same trend throughout the forecast period.

Depending on application, the electric vehicles segment acquired the maximum share in 2023 and is anticipated t%li%lead the market in the coming years.

Region wise, Asia-Pacific registered the fastest growth, in terms of revenue, in 2023.

Competition Analysis

Competitive analysis and profiles of the major players in the global battery cooling plate market include KenFa Tech, Zhejiang Sanhua Automotive Components Co., Ltd., Kingka Tech Industrial Limited, Bespoke Composite Panels, Dana Limited, ERAE Automotive, HELLA GmbH & Co. KGaA, Nippon Light Metal Holdings Co., Ltd., MAHLE GmbH, and MODINE MANUFACTURING COMPANY. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships t%li%strengthen their foothold in the competitive market.

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Possible Customization with this report (with additional cost and timeline, please talk t%li%the sales executive t%li%know more)
  • Analysis of raw material in a product (by %)
  • Manufacturing Capacity
  • Investment Opportunities
  • Product Benchmarking / Product specification and applications
  • Upcoming/New Entrant by Regions
  • Technology Trend Analysis
  • Average Consumer Expenditure
  • Market share analysis of players by products/segments
  • New Product Development/ Product Matrix of Key Players
  • Regulatory Guidelines
    • Additional company profiles with specific t%li%client's interest
  • Additional country or region analysis- market size and forecast
  • Average Selling Price Analysis / Price Point Analysis
  • Expanded list for Company Profiles
  • Historic market data
  • Import Export Analysis/Data
  • Key player details (including location, contact details, supplier/vendor network etc. in excel format)
  • Market share analysis of players at global/region/country level
  • Product Consumption Analysis
  • Volume Market Size and Forecast
Key Market Segments

By Material Type
  • Aluminum
  • Copper
  • Graphite
  • Composite Materials
  • Others
By Technology Type
  • Liquid Cooling Plates
  • Air Cooling Plates
By Application
  • Electric Vehicles
  • Consumer Electronics
  • Energy Storage Systems
  • Others
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • Germany
  • Italy
  • Spain
  • UK
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa
  • Saudi Arabia
  • Rest of LAMEA
  • Key Market Players
  • KenFa Tech
  • Zhejiang Sanhua Automotive Components Co., Ltd.
  • Kingka Tech Industrial Limited
  • Bespoke Composite Panels
  • Dana Limited
  • ERAE Automotive
  • HELLA GmbH & Co. KGaA
  • Nippon Light Metal Holdings Co., Ltd.
  • MAHLE GmbH
  • MODINE MANUFACTURING COMPANY
CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
  1.4.1. Primary Research
  1.4.2. Secondary Research
  1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
  3.2.1. Top Investment Pockets
  3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
  3.3.1. Bargaining Power of Suppliers
  3.3.2. Threat of New Entrants
  3.3.3. Threat of Substitutes
  3.3.4. Competitive Rivalry
  3.3.5. Bargaining Power among Buyers
3.5. Market Dynamics
  3.5.1. Drivers
  3.5.2. Restraints
  3.5.3. Opportunities

CHAPTER 4: SPRAY POLYUREA ELASTOMER (SPUA) MARKET, BY TYPE

4.1. Market Overview
  4.1.1 Market Size and Forecast, By Type
4.2. Universal
  4.2.1. Key Market Trends, Growth Factors and Opportunities
  4.2.2. Market Size and Forecast, By Region
  4.2.3. Market Share Analysis, By Country
4.3. Waterproof
  4.3.1. Key Market Trends, Growth Factors and Opportunities
  4.3.2. Market Size and Forecast, By Region
  4.3.3. Market Share Analysis, By Country

CHAPTER 5: SPRAY POLYUREA ELASTOMER (SPUA) MARKET, BY APPLICATION

5.1. Market Overview
  5.1.1 Market Size and Forecast, By Application
5.2. Industrial Anti-Corrosion
  5.2.1. Key Market Trends, Growth Factors and Opportunities
  5.2.2. Market Size and Forecast, By Region
  5.2.3. Market Share Analysis, By Country
5.3. Building Waterproofing
  5.3.1. Key Market Trends, Growth Factors and Opportunities
  5.3.2. Market Size and Forecast, By Region
  5.3.3. Market Share Analysis, By Country
5.4. Wear-Resistant Lining
  5.4.1. Key Market Trends, Growth Factors and Opportunities
  5.4.2. Market Size and Forecast, By Region
  5.4.3. Market Share Analysis, By Country
5.5. Others
  5.5.1. Key Market Trends, Growth Factors and Opportunities
  5.5.2. Market Size and Forecast, By Region
  5.5.3. Market Share Analysis, By Country

CHAPTER 6: SPRAY POLYUREA ELASTOMER (SPUA) MARKET, BY REGION

6.1. Market Overview
  6.1.1 Market Size and Forecast, By Region
6.2. North America
  6.2.1. Key Market Trends and Opportunities
  6.2.2. Market Size and Forecast, By Type
  6.2.3. Market Size and Forecast, By Application
  6.2.4. Market Size and Forecast, By Country
  6.2.5. U.S. Spray Polyurea Elastomer (SPUA) Market
    6.2.5.1. Market Size and Forecast, By Type
    6.2.5.2. Market Size and Forecast, By Application
  6.2.6. Canada Spray Polyurea Elastomer (SPUA) Market
    6.2.6.1. Market Size and Forecast, By Type
    6.2.6.2. Market Size and Forecast, By Application
  6.2.7. Mexico Spray Polyurea Elastomer (SPUA) Market
    6.2.7.1. Market Size and Forecast, By Type
    6.2.7.2. Market Size and Forecast, By Application
6.3. Europe
  6.3.1. Key Market Trends and Opportunities
  6.3.2. Market Size and Forecast, By Type
  6.3.3. Market Size and Forecast, By Application
  6.3.4. Market Size and Forecast, By Country
  6.3.5. France Spray Polyurea Elastomer (SPUA) Market
    6.3.5.1. Market Size and Forecast, By Type
    6.3.5.2. Market Size and Forecast, By Application
  6.3.6. Germany Spray Polyurea Elastomer (SPUA) Market
    6.3.6.1. Market Size and Forecast, By Type
    6.3.6.2. Market Size and Forecast, By Application
  6.3.7. Italy Spray Polyurea Elastomer (SPUA) Market
    6.3.7.1. Market Size and Forecast, By Type
    6.3.7.2. Market Size and Forecast, By Application
  6.3.8. Spain Spray Polyurea Elastomer (SPUA) Market
    6.3.8.1. Market Size and Forecast, By Type
    6.3.8.2. Market Size and Forecast, By Application
  6.3.9. UK Spray Polyurea Elastomer (SPUA) Market
    6.3.9.1. Market Size and Forecast, By Type
    6.3.9.2. Market Size and Forecast, By Application
  6.3.10. Rest of Europe Spray Polyurea Elastomer (SPUA) Market
    6.3.10.1. Market Size and Forecast, By Type
    6.3.10.2. Market Size and Forecast, By Application
6.4. Asia-Pacific
  6.4.1. Key Market Trends and Opportunities
  6.4.2. Market Size and Forecast, By Type
  6.4.3. Market Size and Forecast, By Application
  6.4.4. Market Size and Forecast, By Country
  6.4.5. China Spray Polyurea Elastomer (SPUA) Market
    6.4.5.1. Market Size and Forecast, By Type
    6.4.5.2. Market Size and Forecast, By Application
  6.4.6. Japan Spray Polyurea Elastomer (SPUA) Market
    6.4.6.1. Market Size and Forecast, By Type
    6.4.6.2. Market Size and Forecast, By Application
  6.4.7. India Spray Polyurea Elastomer (SPUA) Market
    6.4.7.1. Market Size and Forecast, By Type
    6.4.7.2. Market Size and Forecast, By Application
  6.4.8. South Korea Spray Polyurea Elastomer (SPUA) Market
    6.4.8.1. Market Size and Forecast, By Type
    6.4.8.2. Market Size and Forecast, By Application
  6.4.9. Australia Spray Polyurea Elastomer (SPUA) Market
    6.4.9.1. Market Size and Forecast, By Type
    6.4.9.2. Market Size and Forecast, By Application
  6.4.10. Rest of Asia-Pacific Spray Polyurea Elastomer (SPUA) Market
    6.4.10.1. Market Size and Forecast, By Type
    6.4.10.2. Market Size and Forecast, By Application
6.5. LAMEA
  6.5.1. Key Market Trends and Opportunities
  6.5.2. Market Size and Forecast, By Type
  6.5.3. Market Size and Forecast, By Application
  6.5.4. Market Size and Forecast, By Country
  6.5.5. Brazil Spray Polyurea Elastomer (SPUA) Market
    6.5.5.1. Market Size and Forecast, By Type
    6.5.5.2. Market Size and Forecast, By Application
  6.5.6. South Africa Spray Polyurea Elastomer (SPUA) Market
    6.5.6.1. Market Size and Forecast, By Type
    6.5.6.2. Market Size and Forecast, By Application
  6.5.7. Saudi Arabia Spray Polyurea Elastomer (SPUA) Market
    6.5.7.1. Market Size and Forecast, By Type
    6.5.7.2. Market Size and Forecast, By Application
  6.5.8. UAE Spray Polyurea Elastomer (SPUA) Market
    6.5.8.1. Market Size and Forecast, By Type
    6.5.8.2. Market Size and Forecast, By Application
  6.5.9. Rest of LAMEA Spray Polyurea Elastomer (SPUA) Market
    6.5.9.1. Market Size and Forecast, By Type
    6.5.9.2. Market Size and Forecast, By Application

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. Introduction
7.2. Top Winning Strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Top Player Positioning, 2023

CHAPTER 8: COMPANY PROFILES

8.1. Johnson Fine Chemical Co.
  8.1.1. Company Overview
  8.1.2. Key Executives
  8.1.3. Company Snapshot
  8.1.4. Operating Business Segments
  8.1.5. Product Portfolio
  8.1.6. Business Performance
  8.1.7. Key Strategic Moves and Developments
8.2. Taiwan PU Corporation
  8.2.1. Company Overview
  8.2.2. Key Executives
  8.2.3. Company Snapshot
  8.2.4. Operating Business Segments
  8.2.5. Product Portfolio
  8.2.6. Business Performance
  8.2.7. Key Strategic Moves and Developments
8.3. Pearl Polyurethane Systems LLC
  8.3.1. Company Overview
  8.3.2. Key Executives
  8.3.3. Company Snapshot
  8.3.4. Operating Business Segments
  8.3.5. Product Portfolio
  8.3.6. Business Performance
  8.3.7. Key Strategic Moves and Developments
8.4. Shundi New Material (Shanghai) Co., Ltd
  8.4.1. Company Overview
  8.4.2. Key Executives
  8.4.3. Company Snapshot
  8.4.4. Operating Business Segments
  8.4.5. Product Portfolio
  8.4.6. Business Performance
  8.4.7. Key Strategic Moves and Developments
8.5. Specialty Products (SPI)
  8.5.1. Company Overview
  8.5.2. Key Executives
  8.5.3. Company Snapshot
  8.5.4. Operating Business Segments
  8.5.5. Product Portfolio
  8.5.6. Business Performance
  8.5.7. Key Strategic Moves and Developments
8.6. Nukote Coating Systems
  8.6.1. Company Overview
  8.6.2. Key Executives
  8.6.3. Company Snapshot
  8.6.4. Operating Business Segments
  8.6.5. Product Portfolio
  8.6.6. Business Performance
  8.6.7. Key Strategic Moves and Developments
8.7. PPG Industries, Inc.
  8.7.1. Company Overview
  8.7.2. Key Executives
  8.7.3. Company Snapshot
  8.7.4. Operating Business Segments
  8.7.5. Product Portfolio
  8.7.6. Business Performance
  8.7.7. Key Strategic Moves and Developments
8.8. Futura Europe
  8.8.1. Company Overview
  8.8.2. Key Executives
  8.8.3. Company Snapshot
  8.8.4. Operating Business Segments
  8.8.5. Product Portfolio
  8.8.6. Business Performance
  8.8.7. Key Strategic Moves and Developments
8.9. SWD POLYURETHANE (SHANGHAI) CO., LTD
  8.9.1. Company Overview
  8.9.2. Key Executives
  8.9.3. Company Snapshot
  8.9.4. Operating Business Segments
  8.9.5. Product Portfolio
  8.9.6. Business Performance
  8.9.7. Key Strategic Moves and Developments
8.10. Perflex Group
  8.10.1. Company Overview
  8.10.2. Key Executives
  8.10.3. Company Snapshot
  8.10.4. Operating Business Segments
  8.10.5. Product Portfolio
  8.10.6. Business Performance
  8.10.7. Key Strategic Moves and Developments


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