Us Electric Vehicle Liquid Cooling Plates (LCP) Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Electric Vehicle Liquid Cooling Plates (LCP) 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 13.2% from 2024 to 2030.
The U.S. Electric Vehicle Liquid Cooling Plates (LCP) market is experiencing significant growth, driven by the increasing adoption of electric vehicles (EVs) and the critical need for efficient battery thermal management. Liquid cooling plates are essential components in EVs, effectively dissipating heat from battery packs to maintain optimal performance and extend battery lifespan. **Market Growth and Projections** The global electric vehicle battery cooling plate market was valued at USD 1.43 billion in 2022 and is projected to reach USD 7.26 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 21.4% during the forecast period. citeturn0search0 **Key Drivers** - **Rising EV Adoption:** The surge in electric vehicle sales is a primary driver for the demand for liquid cooling plates. As more consumers and businesses transition to EVs, the need for efficient thermal management solutions becomes increasingly critical. - **Technological Advancements:** Innovations in cooling technologies, such as the development of lightweight and high-performance cooling plates, are enhancing the efficiency and effectiveness of thermal management systems in EVs. - **Environmental Regulations:** Stringent environmental policies and regulations are encouraging the adoption of EVs, thereby boosting the demand for components like liquid cooling plates that support sustainable transportation solutions. **Market Challenges** Despite the positive growth outlook, the market faces challenges including high manufacturing costs and the need for continuous innovation to meet the evolving demands of the EV industry. Companies are investing in research and development to address these challenges and maintain competitive advantage. **Future Outlook** The U.S. Electric Vehicle Liquid Cooling Plates market is expected to continue its upward trajectory, with advancements in cooling technologies and increasing EV adoption driving market expansion. Stakeholders in the automotive and energy sectors are closely monitoring this market to capitalize on emerging opportunities.
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Valeo
Hella
MAHLE
Nippon Light Metal
Modine Manufacturing
ESTRA Automotive
Mersen
Bespoke Composite Panel
Senior Flexonics
Priatherm
Dana
Kaweller
SANHUA Automotive
Yinlun
Sanhua Intelligent Controls
Songz Automobile Air Conditioning
Nabaichuan Holding
Cotran New Material
Zhejiang Lurun Group
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 Electric Vehicle Liquid Cooling Plates (LCP) Market
Aluminum
Copper
Composites
Flat Plate Design
Extruded Plate Design
Custom Shaped Design
Battery Thermal Management
Power Electronics Cooling
Motor Cooling
Battery Electric Vehicles (BEVs)
Plug-in Hybrid Electric Vehicles (PHEVs)
Fuel Cell Electric Vehicles (FCEVs)
Automobile Manufacturers
Aftermarket Retailers
OEMs (Original Equipment Manufacturers)
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 Electric Vehicle Liquid Cooling Plates (LCP) 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 Electric Vehicle Liquid Cooling Plates (LCP) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Electric Vehicle Liquid Cooling Plates (LCP) Market, By Type
6. Global Electric Vehicle Liquid Cooling Plates (LCP) Market, By Application
7. Global Electric Vehicle Liquid Cooling Plates (LCP) Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Electric Vehicle Liquid Cooling Plates (LCP) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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