South Korea New Energy Vehicle Battery Water Cooling Plate Market was valued at USD 0.2 Billion in 2022 and is projected to reach USD 0.5 Billion by 2030, growing at a CAGR of 12.6% from 2024 to 2030.
The New Energy Vehicle Battery Water Cooling Plate Market in South Korea is experiencing significant growth, driven by the country's rapid adoption of electric vehicles (EVs) and the increasing need for efficient battery thermal management systems. As EVs become more prevalent, maintaining optimal battery temperatures is crucial for performance, safety, and longevity. Water cooling plates have emerged as a preferred solution, offering superior heat dissipation compared to traditional air-cooling methods.In South Korea, both passenger and commercial vehicle sectors are integrating water cooling plates into their EV designs. Passenger vehicles benefit from enhanced battery efficiency and extended driving ranges, while commercial vehicles, such as buses and delivery trucks, rely on these systems to manage the higher thermal loads associated with larger battery packs and prolonged operation.The market is characterized by a focus on advanced cooling technologies. Indirect cooling systems, which circulate liquid coolant through metal pipes within the cooling plate, are widely adopted due to their reliability and compatibility with existing automotive cooling technologies. However, direct cooling methods, involving direct contact between the coolant and battery cells, are gaining attention for their potential to offer more efficient thermal management, despite being in the developmental stage.South Korean companies are actively investing in research and development to enhance battery safety and efficiency. For instance, Hanwha Aerospace and SK Enmove have introduced an immersion cooling energy storage system (ESS) that uses advanced thermal fluid technology to prevent thermal runaway, a critical safety concern in battery systems. This innovation underscores the industry's commitment to advancing battery cooling technologies.The Asia Pacific region, including South Korea, holds a significant share of the global battery cooling plate market, driven by substantial EV production and supportive government policies promoting green energy. As the EV market continues to expand, the demand for efficient battery cooling solutions is expected to rise, highlighting the importance of ongoing innovation and investment in this sector.
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Songz Automobile Air Conditioning Co.
ltd.
YinBang Clad Material Co.
Ltd.
Shenzhen Frd Science&technology Co.
ltd.
Feilong Auto Components Co.
Ltd.
Shanghai Huide Science & Technology Co.
Ltd
Aotecar
Shenzhen Cotran New Material Co.
Ltd.
Shanghai Huafon Aluminium Corporation
DELIAN
Jiangyin Pivot Automotive Products Co.
ltd.
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 South Korea New Energy Vehicle Battery Water Cooling Plate Market
Passenger Vehicles
Commercial Vehicles
Two-Wheelers
Heavy-Duty Vehicles
Aluminum
Copper
Graphene
Composite Materials
Below 20 kWh
20 kWh - 50 kWh
51 kWh - 100 kWh
Above 100 kWh
Liquid Cooling System
Air Cooling System
Phase Change Material (PCM) Cooling
Hybrid Cooling System
OEMs (Original Equipment Manufacturers)
Aftermarket Service Providers
Fleet Management Companies
Research & Development Institutions
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea New Energy Vehicle Battery Water 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. South Korea New Energy Vehicle Battery Water Cooling Plate Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea New Energy Vehicle Battery Water Cooling Plate Market, By Type
6. South Korea New Energy Vehicle Battery Water Cooling Plate Market, By Application
7. South Korea New Energy Vehicle Battery Water Cooling Plate Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea New Energy Vehicle Battery Water Cooling Plate Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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