BANGALORE, India, July 25,
2024 /PRNewswire/ -- Battery Thermal Management
System Cooling Plates Market is Segmented by Type (Harmonica Tube
Type Battery Cooling Plates, Stamping Type Battery Cooling Plates,
Inflation Type Battery Cooling Plates), by Application (Battery
Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV)) :
Global Opportunity Analysis and Industry Forecast, 2024-2030.
The Global Battery Thermal Management System Cooling Plates
Market was valued at USD 479 Million
in 2023 and is anticipated to reach USD 3260
Million by 2030, witnessing a CAGR of 30.0% during the
forecast period 2024-2030.
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Major Factors Driving the Growth of Battery Thermal
Management System Cooling Plates Market:
Due to the growing popularity of electric vehicles (EVs) and the
demand for effective thermal management solutions to prolong the
life of batteries, the market for Battery Thermal Management System
(BTMS) cooling plates is expanding quickly. Cooling plates, which
are essential parts of BTMS, are made to disperse heat produced
during battery operation, preventing overheating and guaranteeing
maximum battery performance. The need for BTMS cooling plates is
mostly being driven by the expanding EV sector, which is being
pushed by strict emission restrictions and a global trend towards
sustainable transportation systems. Furthermore, in order to handle
increased energy densities, sophisticated cooling systems are
required due to developments in battery technology and the
increasing production of high-performance electric vehicles.
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TRENDS INFLUENCING THE GROWTH OF THE BATTERY THERMAL
MANAGEMENT SYSTEM COOLING PLATES MARKET:
Battery electric vehicles (BEVs) rely heavily on stamping type
battery cooling plates because of their effective thermal
management characteristics. The improved heat dissipation provided
by these plates guarantees the best possible battery temperature
and performance. The durability and efficiency of BEV batteries are
contingent upon the stamping process's accuracy and homogeneity,
which yield constant quality and dependability. Effective battery
temperature management systems are becoming important as the demand
for BEVs rises due to the worldwide movement towards sustainable
transportation. Consequently, the market for Battery Thermal
Management System Cooling Plates continues to expand as producers
look for dependable and effective cooling options to keep up with
the rising volume of BEVs being produced.
Because of their high cooling efficiency and lightweight
construction, harmonica tube type battery cooling plates are
driving the growth of the market for battery thermal management
systems cooling plates. These plates have a number of parallel
tubes that improve heat transmission and enable battery cell
temperature management, both of which are essential for preserving
the longest possible battery life and best possible performance.
Harmonica tube cooling plates are perfect for integrating into
various battery configurations due to their small and flexible
form. This meets the growing need for innovative cooling solutions
in electric cars. The demand for effective thermal management will
increase along with the use of electric vehicles, which will drive
up demand for these cutting-edge cooling plates.
The market for battery thermal management system cooling plates
is expanding at a substantial rate due to plug-in hybrid electric
vehicles (PHEVs), which require sophisticated cooling solutions to
maintain their intricate battery systems. In order to maintain
battery safety and durability, plug-in hybrid electric vehicles
(PHEVs) need effective thermal management to balance the
performance of internal combustion and electric components.
High-performance cooling plates are becoming more in demand as
PHEVs gain popularity because of their longer driving range and
lower emissions. Stricter environmental laws and customer
preferences for more environmentally friendly transportation
alternatives are driving this trend even faster, forcing battery
makers to use better cooling technologies to increase battery
efficiency and dependability.
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BATTERY THERMAL MANAGEMENT SYSTEM COOLING PLATES MARKET
SHARE:
The market for battery thermal management system cooling plates
is primarily driven by the rising demand for electric cars (EVs).
Customers are growing more and more interested in electric vehicles
(EVs) as the automotive industry shifts to a sustainable model.
This change is the result of increased environmental consciousness,
stricter emissions laws, and EV technical breakthroughs that have
increased the allure of EVs. As a result, in order to guarantee the
best possible battery performance and lifetime, the increasing use
of EVs calls for effective battery temperature management systems.
These systems' crucial cooling plates assist in keeping batteries
within their optimal temperature range, reducing overheating and
prolonging battery life. Therefore, the need for sophisticated
cooling plates is directly driven by the increasing production and
sales of electric vehicles (EVs), which is driving the market's
substantial expansion.
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Key Companies:
- 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
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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
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- EV Battery Liquid Cooling Plate market was valued
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- Automotive Thermal Management System Components
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- Energy Storage Battery Liquid Cold Plate Market
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- The global renewable energy market was valued at
USD 881.7 billion in 2020, and is
projected to reach USD 1,977.6
billion by 2030, growing at a CAGR of 8.4% from 2021 to
2030.
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- Bipolar Plates market was valued at USD 465.1 Million in 2023 and is anticipated to
reach USD 1870.9 Million by 2030,
witnessing a CAGR of 22.2% during the forecast period
2024-2030.
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