PUBLISHER: Persistence Market Research | PRODUCT CODE: 1623897
PUBLISHER: Persistence Market Research | PRODUCT CODE: 1623897
Electric Vehicle Battery Cooling Plate Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024 - 2031
Persistence Market Research has recently released a comprehensive report on the worldwide market for electric vehicle (EV) battery cooling plates. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the global EV battery cooling plate market from 2024 to 2031.
Key Insights:
- EV Battery Cooling Plate Market Size (2024E): US$ 3.1 Bn
- Projected Market Value (2031F): US$ 11.9 Bn
- Global Market Growth Rate (CAGR 2024 to 2031): 21.2%
EV Battery Cooling Plate Market - Report Scope:
Electric vehicle battery cooling plates play a vital role in regulating the temperature of battery packs, ensuring optimal performance, and extending the lifespan of EV batteries. The market caters to the growing demand for EVs across various automotive manufacturers globally. The use of cooling plates is essential to maintain the battery's temperature within an acceptable range, especially in high-performance electric vehicles. Technological advancements, increasing adoption of electric mobility, and rising concerns about energy efficiency and battery life drive market growth. Cooling plates are designed to offer effective thermal management, thus enhancing the efficiency of EV batteries.
Market Growth Drivers:
The global EV battery cooling plate market is propelled by several key factors, including the increasing adoption of electric vehicles, stringent emission regulations, and advancements in battery technology. The shift towards electric mobility as part of the broader environmental sustainability initiatives has led to a rise in demand for EVs, which in turn boosts the need for advanced battery cooling systems. Moreover, the growing demand for high-performance EV batteries that require efficient temperature control mechanisms further fuels the market for cooling plates. Additionally, the push for longer driving ranges and faster charging capabilities for EVs also emphasizes the importance of effective battery cooling, driving further market expansion.
Market Restraints:
Despite promising growth prospects, the EV battery cooling plate market faces challenges related to the high cost of advanced cooling technologies, especially in emerging markets. The complexity of cooling plate designs and the demand for customized solutions for different types of battery systems pose challenges for manufacturers. Moreover, the competitive nature of the automotive industry, with many players focusing on developing alternative cooling methods, may slow down market penetration for traditional cooling plates. The need for standardized designs across various EV models could also pose regulatory and operational challenges for manufacturers.
Market Opportunities:
The EV battery cooling plate market presents significant growth opportunities driven by technological innovations, including the development of lighter, more efficient cooling systems and the integration of smart materials. Additionally, advancements in the cooling plate's design, such as incorporating thermal conductivity enhancements and integrating phase change materials, offer the potential to improve performance and reduce costs. The rise of electric vehicle fleets, such as those used for shared mobility services and in logistics, presents new avenues for manufacturers to supply customized cooling solutions. Strategic partnerships between automotive manufacturers, battery producers, and cooling technology developers are essential to capitalize on these emerging opportunities.
Key Questions Answered in the Report:
- What are the primary factors driving the growth of the EV battery cooling plate market globally?
- Which cooling technologies are leading the market, and what are their benefits?
- How are advancements in cooling technologies reshaping the competitive landscape of the EV battery cooling plate market?
- Who are the key players contributing to the EV battery cooling plate market, and what strategies are they employing to maintain market relevance?
- What are the emerging trends and future prospects in the global EV battery cooling plate market?
Competitive Intelligence and Business Strategy:
Leading players in the global EV battery cooling plate market, including Dana Incorporated, Mahle GmbH, and Modine Manufacturing Company, focus on innovation, product differentiation, and strategic partnerships to gain a competitive edge. These companies invest heavily in research and development to develop advanced cooling systems, including liquid and air cooling solutions. Partnerships with major EV manufacturers and collaborations with battery producers help drive market access and technology adoption. Moreover, enhancing the efficiency of the cooling system while reducing its weight and cost will be a major focus for companies looking to capture more market share in the rapidly evolving electric vehicle industry.
Key Companies Profiled:
- Dana Incorporated
- Mahle GmbH
- Modine Manufacturing Company
- Valeo SA
- DENSO Corporation
- BorgWarner Inc.
- Grayson Thermal Systems
- Hanon Systems
- Calsonic Kansei Corporation
- South China Sea Motor Co. Ltd.
Market Segmentation
By Vehicle Type
- Passenger Car
- Commercial Vehicle
By Propulsion Type
- BEV
- HV
By Technology
- Liquid Cooling
- Air Cooling
By Battery Type
- Lithium-ion
- Nickel-Metal Hydride
By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East Africa
Table of Contents
1. Executive Summary
- 1.1. Global Electric Vehicle Battery Cooling Plate Snapshot, 2024 and 2031
- 1.2. Market Opportunity Assessment, 2024 - 2031, US$ Bn
- 1.3. Key Market Trends
- 1.4. Future Market Projections
- 1.5. Premium Market Insights
- 1.6. Industry Developments and Key Market Events
- 1.7. PMR Analysis and Recommendations
2. Market Overview
- 2.1. Market Scope and Definition
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
- 2.3. Macro-Economic Factors
- 2.3.1. Global Sectorial Outlook
- 2.3.2. Global GDP Growth Outlook
- 2.3.3. Other Macro-economic Factors
- 2.4. COVID-19 Impact Analysis
- 2.5. Forecast Factors - Relevance and Impact
- 2.6. Regulatory Landscape
- 2.7. Value Chain Analysis
- 2.7.1. List of Raw Materials Suppliers
- 2.7.2. List of Product Manufacturers
- 2.7.3. List of Product Distributors
- 2.8. PESTLE Analysis
- 2.9. Porter's Five Force Analysis
3. Price Trend Analysis, 2019 - 2031
- 3.1. Key Highlights
- 3.2. Key Factors Impacting Product Prices
- 3.3. Pricing Analysis, By Vehicle Type
- 3.4. Regional Prices and Historical and Future Growth Trends
4. Global Electric Vehicle Battery Cooling Plate Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)
- 4.1. Key Highlights
- 4.1.1. Market Volume (Units) Projections
- 4.1.2. Market Size (US$ Bn) and Y-o-Y Growth
- 4.1.3. Absolute $ Opportunity
- 4.2. Market Size (US$ Bn) and Volume (Units) Analysis and Forecast
- 4.2.1. Historical Market Size (US$ Bn) and Volume (Units) Analysis, 2019 - 2023
- 4.2.2. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, 2024 - 2031
- 4.3. Global Electric Vehicle Battery Cooling Plate Outlook: Product
- 4.3.1. Introduction / Key Findings
- 4.3.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Vehicle Type, 2019 - 2023
- 4.3.3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Vehicle Type, 2024 - 2031
- 4.3.3.1. Passenger Car
- 4.3.3.2. Commercial Vehicle
- 4.4. Market Attractiveness Analysis: Vehicle Type
- 4.5. Global Electric Vehicle Battery Cooling Plate Outlook: Propulsion Type
- 4.5.1. Introduction / Key Findings
- 4.5.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Propulsion Type, 2019 - 2023
- 4.5.3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Propulsion Type, 2024 - 2031
- 4.5.3.1. BEV
- 4.5.3.2. HV
- 4.6. Market Attractiveness Analysis: Propulsion Type
- 4.7. Global Electric Vehicle Battery Cooling Plate Outlook: Technology
- 4.7.1. Introduction / Key Findings
- 4.7.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Technology, 2019 - 2023
- 4.7.3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Technology, 2024 - 2031
- 4.7.3.1. Liquid Cooling
- 4.7.3.2. Air Cooling
- 4.8. Market Attractiveness Analysis: Technology
- 4.9. Global Electric Vehicle Battery Cooling Plate Outlook: Battery Type
- 4.9.1. Introduction / Key Findings
- 4.9.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Battery Type, 2019 - 2023
- 4.9.3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Battery Type, 2024 - 2031
- 4.9.3.1. Lithium-ion
- 4.9.3.2. Nickel-Metal Hydride
- 4.10. Market Attractiveness Analysis: Battery Type
5. Global Electric Vehicle Battery Cooling Plate Outlook: Region
- 5.1. Key Highlights
- 5.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Region, 2019 - 2023
- 5.3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Region, 2024 - 2031
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. East Asia
- 5.3.4. South Asia and Oceania
- 5.3.5. Latin America
- 5.3.6. Middle East & Africa
- 5.4. Market Attractiveness Analysis: Region
6. North America Electric Vehicle Battery Cooling Plate Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)
- 6.1. Key Highlights
- 6.2. Pricing Analysis
- 6.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019 - 2023
- 6.3.1. By Country
- 6.3.2. By Vehicle Type
- 6.3.3. By Propulsion Type
- 6.3.4. By Technology
- 6.3.5. By Battery Type
- 6.4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Country, 2024 - 2031
- 6.4.1. U.S.
- 6.4.2. Canada
- 6.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Vehicle Type, 2024 - 2031
- 6.5.1. Passenger Car
- 6.5.2. Commercial Vehicle
- 6.6. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Propulsion Type, 2024 - 2031
- 6.6.1. BEV
- 6.6.2. HV
- 6.7. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Technology, 2024 - 2031
- 6.7.1. Liquid Cooling
- 6.7.2. Air Cooling
- 6.8. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Battery Type, 2024 - 2031
- 6.8.1. Lithium-ion
- 6.8.2. Nickel-Metal Hydride
- 6.9. Market Attractiveness Analysis
7. Europe Electric Vehicle Battery Cooling Plate Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)
- 7.1. Key Highlights
- 7.2. Pricing Analysis
- 7.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019 - 2023
- 7.3.1. By Country
- 7.3.2. By Vehicle Type
- 7.3.3. By Propulsion Type
- 7.3.4. By Technology
- 7.3.5. By Battery Type
- 7.4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Country, 2024 - 2031
- 7.4.1. Germany
- 7.4.2. France
- 7.4.3. U.K.
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Turkey
- 7.4.8. Rest of Europe
- 7.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Vehicle Type, 2024 - 2031
- 7.5.1. Passenger Car
- 7.5.2. Commercial Vehicle
- 7.6. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Propulsion Type, 2024 - 2031
- 7.6.1. BEV
- 7.6.2. HV
- 7.7. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Technology, 2024 - 2031
- 7.7.1. Liquid Cooling
- 7.7.2. Air Cooling
- 7.8. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Battery Type, 2024 - 2031
- 7.8.1. Lithium-ion
- 7.8.2. Nickel-Metal Hydride
- 7.9. Market Attractiveness Analysis
8. East Asia Electric Vehicle Battery Cooling Plate Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)
- 8.1. Key Highlights
- 8.2. Pricing Analysis
- 8.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019 - 2023
- 8.3.1. By Country
- 8.3.2. By Vehicle Type
- 8.3.3. By Propulsion Type
- 8.3.4. By Technology
- 8.3.5. By Battery Type
- 8.4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Country, 2024 - 2031
- 8.4.1. China
- 8.4.2. Japan
- 8.4.3. South Korea
- 8.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Vehicle Type, 2024 - 2031
- 8.5.1. Passenger Car
- 8.5.2. Commercial Vehicle
- 8.6. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Propulsion Type, 2024 - 2031
- 8.6.1. BEV
- 8.6.2. HV
- 8.7. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Technology, 2024 - 2031
- 8.7.1. Liquid Cooling
- 8.7.2. Air Cooling
- 8.8. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Battery Type, 2024 - 2031
- 8.8.1. Lithium-ion
- 8.8.2. Nickel-Metal Hydride
- 8.9. Market Attractiveness Analysis
9. South Asia & Oceania Electric Vehicle Battery Cooling Plate Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)
- 9.1. Key Highlights
- 9.2. Pricing Analysis
- 9.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019 - 2023
- 9.3.1. By Country
- 9.3.2. By Vehicle Type
- 9.3.3. By Propulsion Type
- 9.3.4. By Technology
- 9.3.5. By Battery Type
- 9.4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Country, 2024 - 2031
- 9.4.1. India
- 9.4.2. Southeast Asia
- 9.4.3. ANZ
- 9.4.4. Rest of South Asia & Oceania
- 9.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Vehicle Type, 2024 - 2031
- 9.5.1. Passenger Car
- 9.5.2. Commercial Vehicle
- 9.6. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Propulsion Type, 2024 - 2031
- 9.6.1. BEV
- 9.6.2. HV
- 9.7. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Technology, 2024 - 2031
- 9.7.1. Liquid Cooling
- 9.7.2. Air Cooling
- 9.8. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Battery Type, 2024 - 2031
- 9.8.1. Lithium-ion
- 9.8.2. Nickel-Metal Hydride
- 9.9. Market Attractiveness Analysis
10. Latin America Electric Vehicle Battery Cooling Plate Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)
- 10.1. Key Highlights
- 10.2. Pricing Analysis
- 10.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019 - 2023
- 10.3.1. By Country
- 10.3.2. By Vehicle Type
- 10.3.3. By Propulsion Type
- 10.3.4. By Technology
- 10.3.5. By Battery Type
- 10.4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Vehicle Type, 2024 - 2031
- 10.4.1. Passenger Car
- 10.4.2. Commercial Vehicle
- 10.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Propulsion Type, 2024 - 2031
- 10.5.1. BEV
- 10.5.2. HV
- 10.6. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Technology, 2024 - 2031
- 10.6.1. Liquid Cooling
- 10.6.2. Air Cooling
- 10.7. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Battery Type, 2024 - 2031
- 10.7.1. Lithium-ion
- 10.7.2. Nickel-Metal Hydride
- 10.8. Market Attractiveness Analysis
11. Middle East & Africa Electric Vehicle Battery Cooling Plate Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)
- 11.1. Key Highlights
- 11.2. Pricing Analysis
- 11.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019 - 2023
- 11.3.1. By Country
- 11.3.2. By Vehicle Type
- 11.3.3. By Propulsion Type
- 11.3.4. By Technology
- 11.3.5. By Battery Type
- 11.4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Country, 2024 - 2031
- 11.4.1. GCC Countries
- 11.4.2. Egypt
- 11.4.3. South Africa
- 11.4.4. Northern Africa
- 11.4.5. Rest of Middle East & Africa
- 11.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Vehicle Type, 2024 - 2031
- 11.5.1. Passenger Car
- 11.5.2. Commercial Vehicle
- 11.6. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Propulsion Type, 2024 - 2031
- 11.6.1. BEV
- 11.6.2. HV
- 11.7. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Technology, 2024 - 2031
- 11.7.1. Liquid Cooling
- 11.7.2. Air Cooling
- 11.8. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Battery Type, 2024 - 2031
- 11.8.1. Lithium-ion
- 11.8.2. Nickel-Metal Hydride
- 11.9. Market Attractiveness Analysis
12. Competition Landscape
- 12.1. Market Share Analysis, 2023
- 12.2. Market Structure
- 12.2.1. Competition Intensity Mapping By Company
- 12.2.2. Competition Dashboard
- 12.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 12.3.1. ZIEHL-ABEGG
- 12.3.1.1. Overview
- 12.3.1.2. Segments and Products
- 12.3.1.3. Key Financials
- 12.3.1.4. Market Developments
- 12.3.1.5. Market Strategy
- 12.3.2. Schaeffler Technologies AG & Co., KG
- 12.3.3. Protean Electric
- 12.3.4. Bonfiglioli Riduttori S.p.A.
- 12.3.5. ZF Friedrichshafen AG
- 12.3.6. Elaphe AG
- 12.3.7. Evans Electric
- 12.3.8. TM4
- 12.3.9. Siemens AG
- 12.3.10. Kolektor
- 12.3.11. Printed Motor Works
- 12.3.12. NSK Ltd.
- 12.3.13. NTN Corporation
- 12.3.14. GEM Motors d.o.o.
- 12.3.15. Magnetic Systems Technology
- 12.3.16. e-Traction B.V.
- 12.3.17. Hyundai Mobis
- 12.3.18. YASA Limited
- 12.3.19. ECOmove GmbH
- 12.3.20. Tajima Motor Corporation
- 12.3.1. ZIEHL-ABEGG
13. Appendix
- 13.1. Research Methodology
- 13.2. Research Assumptions
- 13.3. Acronyms and Abbreviations
