The Market Reports

Synopsis
The global market for Battery Cooling Plates was estimated to be worth US$ 1946 million in 2024 and is forecast to a readjusted size of US$ 8346 million by 2031 with a CAGR of 21.7% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Battery Cooling Plates cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
A battery cooling plate is a critical component in battery thermal management systems, typically constructed from high thermal conductivity materials (e.g., aluminum alloy, copper alloy, or composites). It incorporates internal flow channels to circulate cooling media (e.g., liquid or phase-change materials), enabling precise temperature control. Key functions include:
Heat Dissipation: Rapidly removing heat generated during battery charging/discharging to prevent thermal runaway;
Temperature Uniformity: Ensuring even temperature distribution across battery cells to avoid localized overheating;
Heating (in specific scenarios): Pre-warming batteries in low-temperature environments to maintain optimal operating temperatures (e.g., 20–35°C).
Widely used in new energy vehicle (NEV) batteries, energy storage systems (ESS), and high-density server backup power systems, it is a core technology for enhancing battery safety, efficiency, and lifespan.
A battery cooling plate is a critical component in battery thermal management systems, typically constructed from high thermal conductivity materials (e.g., aluminum alloy, copper alloy, or composites). It incorporates internal flow channels to circulate cooling media (e.g., liquid or phase-change materials), enabling precise temperature control. Key functions include:
Heat Dissipation: Rapidly removing heat generated during battery charging/discharging to prevent thermal runaway;
Temperature Uniformity: Ensuring even temperature distribution across battery cells to avoid localized overheating;
Heating (in specific scenarios): Pre-warming batteries in low-temperature environments to maintain optimal operating temperatures (e.g., 20–35°C).
Widely used in new energy vehicle (NEV) batteries, energy storage systems (ESS), and high-density server backup power systems, it is a core technology for enhancing battery safety, efficiency, and lifespan.
Current Applications
1. New Energy Vehicles (NEVs)
Liquid Cooling Dominance: Liquid cooling plates are widely adopted in NEVs (e.g., BEVs, PHEVs) due to their high heat dissipation efficiency, ensuring optimal battery temperature (20–35°C) and preventing thermal runaway. Aluminum-based designs (stamped, extruded) dominate the market, with key players like Valeo, MAHLE, and Modine leading innovation.
Integration with Battery Systems: Advanced designs like CTP (Cell-to-Pack) and CTC (Cell-to-Chassis) integrate cooling plates into structural components (e.g., CATL’s "Qilin Battery"), enhancing energy density and thermal uniformity.
3. Energy Storage Systems (ESS)
Immersion Cooling Breakthrough: Immersion liquid cooling (e.g., Zhuhai KeChuang’s system in the Meizhou Baohu ESS project) submerges batteries in non-conductive coolant, eliminating fire risks and improving thermal consistency. This technology is now deployed in grid-scale projects in China.
Safety and Efficiency: Liquid cooling replaces air cooling in large-scale ESS due to its ability to manage high heat loads and extend battery lifespan.
3. Data Centers/Servers
High-Density Cooling: Immersion cooling systems (e.g., Narada Power’s solid-state batteries, NARADA’s 783 Ah cells) are used in data centers to address lithium-ion battery thermal risks during high-density operations. These systems reduce footprint by 50% and enable AI-driven predictive maintenance.
Safety Innovations: Semi-solid-state batteries and in-situ electrolyte film technologies mitigate leakage risks while maintaining high energy density (e.g., 430 Wh/L)
Future Trends
1. Lightweight & High Thermal Conductivity Materials: Adoption of aluminum composites, graphene coatings, or 3D-printed structures to optimize weight and heat dissipation.
2. Integrated Design: Deep integration with battery modules (e.g., CTP/CTC technologies) to reduce complexity and improve space efficiency.
3. Smart Thermal Management: AI-driven control systems with sensors enable dynamic zonal temperature regulation, supporting ultra-fast charging (e.g., 800V platforms) and extreme conditions.
4. Sustainability: Shift toward recyclable materials and eco-friendly coolants (e.g., propylene glycol replacing ethylene glycol).
5. Multifunctional Systems: Synergy with heat pumps to reuse energy for both battery heating (in winter) and cooling (in summer).
6. Cost Reduction via Scale: Automated and standardized manufacturing processes will lower costs as NEV adoption accelerates globally.
Currently, the world's major manufacturers include Valeo, MAHLE, Yinlun Holdings, Sanhua Auto Parts, Nabaichuan, Dana, Boyd Corporation, Cotran, Modine Manufacturing, ESTRA Automotive, ONEGENE, Hubei Reddit Cooling System, Trumony Aluminum, Runthrough Heat Exchange, Shenzhen FRD, XD THERMAL, Anhui ARN Group, Hengchuang Thermal Management, Sogefi Group, Nippon Light Metal, etc. In 2024, the market share of major manufacturers will exceed 60%. It is expected that industry competition will become more intense in the next few years, especially in the Chinese market.
This report aims to provide a comprehensive presentation of the global market for Battery Cooling Plates, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Battery Cooling Plates by region & country, by Type, and by Application.
The Battery Cooling Plates market size, estimations, and forecasts are provided in terms of sales volume (K Sets) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Battery Cooling Plates.
Market Segmentation
By Company
Valeo
Dana
MAHLE
Modine Manufacturing
Boyd Corporation
Nippon Light Metal
ESTRA Automotive
Sogefi Group
ONEGENE
Nabaichuan Holding
Runthrough Heat Exchange
Yinlun
Sanhua Group
Cotran
Trumony Aluminum
Hubei Reddit Cooling System
Shenzhen FRD
Anhui ARN Group
XD THERMAL
Hengchuang Thermal Management
Segment by Type
Harmonica Tube Type
Stamping Type
Inflation Type
Segment by Application
New Energy Vehicles (NEVs)
Energy Storage Systems (ESS)
Data Centers/Servers
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Battery Cooling Plates manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Battery Cooling Plates in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Battery Cooling Plates in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index