New Energy Vehicles Battery Liquid Cooling Plates Market size is estimated to be USD 1.5 Billion in 2024 and is expected to reach USD 4.2 Billion by 2033 at a CAGR of 12.5% from 2026 to 2033.
The global New Energy Vehicles (NEV) Battery Liquid Cooling Plates Market was valued at approximately USD 1.5 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 18.5% from 2023 to 2030. The demand for liquid cooling solutions in battery systems for electric vehicles is increasing due to the growing focus on improving battery efficiency and extending lifespan. This growth can be attributed to the rising adoption of electric vehicles, alongside innovations in battery technologies. The market for liquid cooling plates in NEVs is set to grow substantially due to advancements in thermal management, which play a crucial role in enhancing vehicle performance and safety. In 2022, the North American market accounted for the largest share, closely followed by Europe and the Asia Pacific regions.
The Asia Pacific region, particularly China, is expected to witness the fastest growth in the coming years, with a projected CAGR of 20% during the forecast period. This is driven by the rapid adoption of electric vehicles, as well as government initiatives aimed at reducing carbon emissions. Europe, with its focus on sustainable energy and decarbonizing the transportation sector, is anticipated to maintain a strong presence in the market. Additionally, North America is set to experience steady growth owing to increasing investments in electric vehicle infrastructure and stringent regulations on emissions. The market presents significant opportunities for manufacturers, especially in regions with increasing electric vehicle production and growing demand for efficient battery cooling technologies.
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Valeo
Dana
MAHLE
Modine Manufacturing
Boyd Corporation
Nippon Light Metal
ESTRA Automotive
ONEGENE
PWR Corporate
Hella
Mersen
Bespoke Composite Panel
Senior Flexonics
Priatherm
Kaweller
Shenzhen Cotran New Material
Yinlun Co.
Ltd
Shenzhen FRD Science & Technology
Lucky harvest
Sanhua
HASCO
JONES Tech
Nabaichuan
SONGZ
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. 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 New Energy Vehicles Battery Liquid Cooling Plates Market
Lithium-ion Battery
Solid-state Battery
Nickel Metal Hydride (NiMH) Battery
Lead-acid Battery
Liquid-to-liquid Cooling
Liquid-to-air Cooling
Phase-change Material Cooling
Passenger Vehicles
Commercial Vehicles
Two-Wheelers
Aluminum
Stainless Steel
Copper
OEMs (Original Equipment Manufacturers)
Aftermarket
US (United States, US 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 New Energy Vehicles Battery Liquid Cooling Plates 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 New Energy Vehicles Battery Liquid Cooling Plates Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global New Energy Vehicles Battery Liquid Cooling Plates Market, By Type
6. Global New Energy Vehicles Battery Liquid Cooling Plates Market, By Application
7. Global New Energy Vehicles Battery Liquid Cooling Plates Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global New Energy Vehicles Battery Liquid Cooling Plates Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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