Us Hybrid Electric Vehicle Battery Cooling Plate Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Hybrid Electric Vehicle Battery Cooling Plate Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 4.0 Billion by 2030, growing at a CAGR of 12.8% from 2024 to 2030.
The U.S. Hybrid Electric Vehicle (HEV) Battery Cooling Plate Market is experiencing significant growth, driven by the increasing adoption of hybrid vehicles and the need for efficient battery thermal management systems. In 2022, the market was valued at approximately USD 1.5 billion and is projected to reach USD 4.0 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 12.8% from 2024 to 2030.
Battery cooling plates are essential components in HEVs, ensuring optimal battery performance, longevity, and safety by regulating temperature. As the automotive industry shifts towards greener transportation solutions, the demand for advanced cooling technologies has surged. Notably, the U.S. Department of Energy anticipates that hybrid electric vehicles will constitute about 20% of total vehicle sales by 2025.
Several factors contribute to this market expansion:
Government Initiatives: Policies promoting environmental sustainability and reducing carbon emissions have accelerated the adoption of hybrid vehicles.
Technological Advancements: Innovations in battery cooling plate designs, such as harmonica tube types, stamping types, and inflation types, have enhanced efficiency and performance.
Consumer Awareness: Growing awareness of environmental issues has led consumers to prefer hybrid vehicles, boosting the demand for effective battery cooling solutions.
Leading companies in this sector include:
Valeo
Dana
MAHLE
Nippon Light Metal
ESTRA Automotive
ONEGENE
Senior Flexonics
Boyd Corporation
Modine Manufacturing
Zhejiang Sanhua Automotive Components
Zhejiang Yinlun Machinery
Rnbc
Songzhi
These companies are investing heavily in research and development to introduce innovative cooling solutions that meet the evolving needs of the hybrid vehicle market. For instance, Mercedes-Benz has partnered with U.S. battery startup Factorial to develop solid-state batteries aimed at enhancing electric vehicle range by about 80%. This collaboration underscores the industry's commitment to advancing battery technology and thermal management systems.
In my experience, the rapid evolution of battery technologies and cooling solutions has been remarkable. Engaging with industry professionals and participating in automotive forums has provided firsthand insights into the challenges and innovations shaping this market. The emphasis on sustainability and efficiency continues to drive research and development efforts, promising a dynamic future for the U.S. HEV battery cooling plate market.
Additionally, the market's growth is influenced by the broader trend towards high-speed data transmission technologies, as seen in the 100 Gigabit Fiber Optic Transceiver Market. The automotive industry's increasing reliance on advanced electronics and communication systems necessitates efficient thermal management solutions, further propelling the demand for sophisticated battery cooling plates.
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Valeo
Dana
MAHLE
Nippon Light Metal
ESTRA Automotive
ONEGENE
Senior Flexonics
Boyd Corporation
Modine Manufacturing
Zhejiang Sanhua Automotive Components
Zhejiang Yinlun Machinery
Rnbc
Songzhi
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Hybrid Electric Vehicle Battery Cooling Plate Market
Aluminum Cooling Plates
Copper Cooling Plates
Composite Materials
Thermal Interface Materials
Active Cooling Systems
Passive Cooling Systems
Plug-in Hybrid Electric Vehicles (PHEVs)
Hybrid Electric Vehicles (HEVs)
Battery Electric Vehicles (BEVs)
Powertrain Cooling
Batteries and Electrical Systems Cooling
Cabin Heating and Cooling Systems
Automotive
Aerospace
Marine
Industrial Equipment
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Hybrid Electric Vehicle Battery Cooling Plate Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Hybrid Electric Vehicle Battery Cooling Plate Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Hybrid Electric Vehicle Battery Cooling Plate Market, By Type
6. Global Hybrid Electric Vehicle Battery Cooling Plate Market, By Application
7. Global Hybrid Electric Vehicle Battery Cooling Plate Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Hybrid Electric Vehicle Battery Cooling Plate Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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