The Market Reports

Synopsis
The global market for Battery Liquid Cooling Plates For Electric Vehicle was estimated to be worth US$ 1761 million in 2024 and is forecast to a readjusted size of US$ 5390 million by 2031 with a CAGR of 16.8% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Battery Liquid Cooling Plates For Electric Vehicle cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
The battery liquid cooling plate is a component in the battery thermal management system that directly exchanges heat with the battery. The liquid cooling plate is a product component of the liquid cooling radiator. Its heat dissipation principle is to form a flow channel in the metal plate. The electronic components are installed on the surface of the water cooling plate and coated with a heat-conducting medium in between. The internal coolant enters from the inlet of the plate and then takes away the heat conducted by the components from the outlet. According to the different shapes and structures, the common liquid cooling plates in the market are mainly harmonica tube type, stamping type, extrusion type, inflation type and other types. In the field of new energy vehicles, the battery liquid cooling plate is a component in the battery thermal management system that directly exchanges heat with the battery. The coolant in the liquid cooling plate flow channel transfers the heat generated by the battery to the cooling device or transports the heat to the battery through the coolant, so as to maintain the battery temperature in the range of 20℃-35℃ that is most suitable for its working efficiency.
The liquid cooling plate for new energy vehicle (NEV) batteries is a critical component in thermal management systems. Typically made of metals (e.g., aluminum alloy) or composites, it features internal microchannels that circulate coolant (e.g., water-glycol mixtures) to absorb and dissipate heat generated during battery charging/discharging. This ensures the battery operates within an optimal temperature range (20–40°C), enhancing performance, safety, and longevity.
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.
BEVs will lead the zero-emission future with PHEVs as a transitional bridge, while FCEVs and HEVs carve niche roles. Success hinges on battery innovation, infrastructure investment, and policy alignment.
From the perspective of product type and technology, it can be divided into harmonica tube type, stamping type and inflation type. The harmonica tube liquid cooling plate has the advantages of arbitrary flow channel design, large contact area, good heat exchange effect, high production efficiency, good pressure resistance and strength, but because it needs to be molded, the cost is high, and the flatness requirements are high, and the installation is difficult. However, due to its soft material, it has a large shortcoming in pressure resistance and strength. Its flow channel is single, the contact area is small, and the pipe wall is thin, resulting in its general heat exchange effect and poor load-bearing capacity. It is expected that the harmonica tube type will be gradually eliminated. The stamping liquid cooling plate has excellent heat dissipation performance: complex flow channels are formed through the stamping process, the heat dissipation area is large, and the temperature distribution is uniform. The thin-wall design reduces the amount of material used and is suitable for lightweight requirements. The flow channel can be customized to adapt to different battery module shapes (such as CTP/CTC technology). It is the mainstream technical direction, especially widely used in high-performance BEV and fast charging scenarios. The inflatable liquid cooling plate forms a complex internal flow channel through the inflating process, and the heat dissipation path is optimized. Due to the low yield rate and high cost of the inflating process, and the integrated design makes it difficult to repair after local damage, it is currently mainly used in high-end models and customized battery packs.
From the perspective of product market application, pure electric vehicles are the main force in the market. In 2024, pure electric vehicle applications accounted for more than 70% of the battery cooling plate application share. Pure electric vehicles will lead the zero-emission future, plug-in hybrid electric vehicles will become a transition bridge, and fuel cell electric vehicles and hybrid electric vehicles will occupy their respective market segments. Success depends on battery innovation, infrastructure investment and policy coordination.
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 Liquid Cooling Plates For Electric Vehicle, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Battery Liquid Cooling Plates For Electric Vehicle by region & country, by Type, and by Application.
The Battery Liquid Cooling Plates For Electric Vehicle 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 Liquid Cooling Plates For Electric Vehicle.
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
Battery Electric Vehicles (BEVs)
Plug-in Hybrid Electric Vehicles (PHEVs)
Others
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 Liquid Cooling Plates For Electric Vehicle 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 Liquid Cooling Plates For Electric Vehicle 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 Liquid Cooling Plates For Electric Vehicle 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