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Electric Vehicle Battery Cooling Plate Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025 - 2032
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ZIEHL-ABEGG
Schaeffler Technologies AG & Co., KG
Protean Electric
Bonfiglioli Riduttori SpA
ZF Friedrichshafen AG
Elaphe AG
Evans Electric
TM4
Siemens AG
Kolektor
Printed Motor Works
NSK Ltd.
NTN Corporation
GEM Motors doo
Magnetic Systems Technology
e-Traction BV
Hyundai Mobis
YASA Limited
ECOmove GmbH
Tajima Motor Corporation
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KSM
Persistence Market Research has recently released a comprehensive report on the global electric vehicle (EV) battery cooling plate market, offering detailed insights into key market dynamics, including driving forces, emerging trends, challenges, and opportunities. The report aims to provide stakeholders with a comprehensive understanding of the market landscape, helping them make informed decisions.
Key Insights:
Electric Vehicle Battery Cooling Plate Market Size (2025E): US$ 3.1 Bn
Projected Market Value (2032F): US$ 11.9 Bn
Global Market Growth Rate (CAGR 2025 to 2032): 21.2%
Electric Vehicle Battery Cooling Plate Market - Report Scope:
The global electric vehicle battery cooling plate market focuses on solutions for managing the thermal load generated by EV batteries, a critical component for EV performance, battery life, and charging efficiency. As the adoption of electric vehicles increases globally, the demand for efficient and robust cooling systems that prevent overheating during charging cycles has surged. The market is driven by the rising prevalence of electric vehicles, the growth of ultra-fast charging networks, and technological advancements in cooling solutions, with an increasing focus on high-conductivity materials and lightweight designs to reduce energy loss and improve overall system efficiency.
Market Drivers:
The global electric vehicle battery cooling plate market is fueled by several key factors. The increasing global focus on reducing carbon emissions has led to significant growth in the electric vehicle industry, which in turn drives demand for advanced battery cooling solutions. Rising adoption of ultra-fast EV charging stations, particularly those supporting 350-500 kW chargers, further accelerates the need for high-performance cooling systems to manage the increased thermal load during rapid charging. Moreover, advancements in battery technologies, coupled with government policies that promote EV adoption, have led to greater investment in the expansion of EV infrastructure, including the development of robust thermal management systems for EV batteries.
Market Restraints:
Despite the positive market outlook, challenges persist. The development of efficient cooling systems is constrained by high manufacturing costs and the complexities involved in designing cooling plates that can handle higher thermal loads, particularly with the rise of ultra-fast charging stations. Additionally, the competition between different cooling technologies and the need for standardized solutions present hurdles for widespread adoption. Moreover, achieving a balance between cooling performance, weight reduction, and cost remains a significant challenge for manufacturers in the sector.
Market Opportunities:
There are numerous opportunities within the electric vehicle battery cooling plate market. The increasing integration of artificial intelligence (AI) and Internet of Things (IoT) technologies in battery thermal management systems opens up avenues for real-time monitoring and optimization of battery temperatures. Moreover, the growing demand for high-performance passenger vehicles, particularly those with fast-charging capabilities and longer driving ranges, will continue to push innovation in thermal management. Manufacturers can also capitalize on the emerging trends in lightweight materials, such as graphene-based composites, to offer energy-efficient solutions with reduced weight. Furthermore, the expansion of EV charging infrastructure, particularly in Asia Pacific, offers significant opportunities for growth, driven by policies that support EV adoption.
Key Questions Answered in the Report:
What are the key factors driving the growth of the electric vehicle battery cooling plate market?
How are emerging technologies, such as AI and IoT, shaping the market dynamics?
What challenges are companies facing in the development of efficient cooling solutions, and how are they addressing them?
Who are the leading manufacturers in the electric vehicle battery cooling plate market, and what strategies are they employing to maintain competitive advantages?
How is the shift towards ultra-fast charging networks influencing the demand for advanced cooling systems?
Competitive Intelligence and Business Strategy:
Leading companies in the electric vehicle battery cooling plate market are focusing on technological innovation, such as the adoption of high-conductivity materials like graphene and the integration of advanced cooling technologies. Strategic collaborations with EV manufacturers and charging infrastructure providers are also crucial for staying competitive. Key players are investing in R&D to improve the thermal management capabilities of cooling plates while reducing costs and weight. Additionally, companies are exploring opportunities in emerging markets, particularly in Asia Pacific, where government incentives and growing EV adoption create substantial growth prospects.
Key Companies Profiled:
ZIEHL-ABEGG
Schaeffler Technologies AG & Co., KG
Protean Electric
Bonfiglioli Riduttori S.p.A.
ZF Friedrichshafen AG
Elaphe AG
Evans Electric
TM4
Siemens AG
Kolektor
Printed Motor Works
NSK Ltd.
NTN Corporation
GEM Motors d.o.o.
Magnetic Systems Technology
e-Traction B.V.
Hyundai Mobis
YASA Limited
ECOmove GmbH
Tajima Motor Corporation
Electric Vehicle Battery Cooling Plate Market Segmentation:
By Vehicle Type
Passenger Car
Commercial Vehicle
By Propulsion Type
By Technology
Liquid Cooling
Air Cooling
By Battery Type
Lithium-ion
Nickel-Metal Hydride
By Region
North America
Latin America
Europe
East Asia
South Asia
Oceania
The Middle East Africa
Table of Contents
1. Executive Summary
1.1. Global Electric Vehicle Battery Cooling Plate Snapshot, 2025 and 2032
1.2. Market Opportunity Assessment, 2025-2032, US$ Bn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations
2. Market Overview
2.1. Market Scope and Definition
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Opportunity
2.2.4. Challenges
2.2.5. Key Trends
2.3. Macro-Economic Factors
2.3.1. Global Sectorial Outlook
2.3.2. Global GDP Growth Outlook
2.3.3. Other Macro-economic Factors
2.4. COVID-19 Impact Analysis
2.5. Forecast Factors - Relevance and Impact
2.6. Regulatory Landscape
2.7. Value Chain Analysis
2.7.1. List of Raw Materials Suppliers
2.7.2. List of Product Manufacturers
2.7.3. List of Product Distributors
2.8. PESTLE Analysis
2.9. Porter's Five Force Analysis
3. Price Trend Analysis, 2019-2032
3.1. Key Highlights
3.2. Key Factors Impacting Product Prices
3.3. Pricing Analysis, By Vehicle Type
3.4. Regional Prices and Historical and Future Growth Trends
4. Global Electric Vehicle Battery Cooling Plate Outlook: Historical (2019-2024) and Forecast (2025-2032)
4.1. Key Highlights
4.1.1. Market Volume (Units) Projections
4.1.2. Market Size (US$ Bn) and Y-o-Y Growth
4.1.3. Absolute $ Opportunity
4.2. Market Size (US$ Bn) and Volume (Units) Analysis and Forecast
4.2.1. Historical Market Size (US$ Bn) and Volume (Units) Analysis, 2019-2024
4.2.2. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, 2025-2032
4.3. Global Electric Vehicle Battery Cooling Plate Outlook: Product
4.3.1. Introduction / Key Findings
4.3.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Vehicle Type, 2019-2024
4.3.3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Vehicle Type, 2025-2032
4.3.3.1. Passenger Car
4.3.3.2. Commercial Vehicle
4.4. Market Attractiveness Analysis: Vehicle Type
4.5. Global Electric Vehicle Battery Cooling Plate Outlook: Propulsion Type
4.5.1. Introduction / Key Findings
4.5.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Propulsion Type, 2019-2024
4.5.3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Propulsion Type, 2025-2032
4.6. Market Attractiveness Analysis: Propulsion Type
4.7. Global Electric Vehicle Battery Cooling Plate Outlook: Technology
4.7.1. Introduction / Key Findings
4.7.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Technology, 2019-2024
4.7.3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Technology, 2025-2032
4.7.3.1. Liquid Cooling
4.7.3.2. Air Cooling
4.8. Market Attractiveness Analysis: Technology
4.9. Global Electric Vehicle Battery Cooling Plate Outlook: Battery Type
4.9.1. Introduction / Key Findings
4.9.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Battery Type, 2019-2024
4.9.3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Battery Type, 2025-2032
4.9.3.1. Lithium-ion
4.9.3.2. Nickel-Metal Hydride
4.10. Market Attractiveness Analysis: Battery Type
5. Global Electric Vehicle Battery Cooling Plate Outlook: Region
5.1. Key Highlights
5.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Region, 2019-2024
5.3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Region, 2025-2032
5.3.1. North America
5.3.2. Europe
5.3.3. East Asia
5.3.4. South Asia and Oceania
5.3.5. Latin America
5.3.6. Middle East & Africa
5.4. Market Attractiveness Analysis: Region
6. North America Electric Vehicle Battery Cooling Plate Outlook: Historical (2019-2024) and Forecast (2025-2032)
6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2024
6.3.1. By Country
6.3.2. By Vehicle Type
6.3.3. By Propulsion Type
6.3.4. By Technology
6.3.5. By Battery Type
6.4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Country, 2025-2032
6.4.1. U.S.
6.4.2. Canada
6.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Vehicle Type, 2025-2032
6.5.1. Passenger Car
6.5.2. Commercial Vehicle
6.6. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Propulsion Type, 2025-2032
6.7. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Technology, 2025-2032
6.7.1. Liquid Cooling
6.7.2. Air Cooling
6.8. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Battery Type, 2025-2032
6.8.1. Lithium-ion
6.8.2. Nickel-Metal Hydride
6.9. Market Attractiveness Analysis
7. Europe Electric Vehicle Battery Cooling Plate Outlook: Historical (2019-2024) and Forecast (2025-2032)
7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2024
7.3.1. By Country
7.3.2. By Vehicle Type
7.3.3. By Propulsion Type
7.3.4. By Technology
7.3.5. By Battery Type
7.4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Country, 2025-2032
7.4.1. Germany
7.4.2. France
7.4.3. U.K.
7.4.4. Italy
7.4.5. Spain
7.4.6. Russia
7.4.7. Turkey
7.4.8. Rest of Europe
7.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Vehicle Type, 2025-2032
7.5.1. Passenger Car
7.5.2. Commercial Vehicle
7.6. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Propulsion Type, 2025-2032
7.7. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Technology, 2025-2032
7.7.1. Liquid Cooling
7.7.2. Air Cooling
7.8. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Battery Type, 2025-2032
7.8.1. Lithium-ion
7.8.2. Nickel-Metal Hydride
7.9. Market Attractiveness Analysis
8. East Asia Electric Vehicle Battery Cooling Plate Outlook: Historical (2019-2024) and Forecast (2025-2032)
8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2024
8.3.1. By Country
8.3.2. By Vehicle Type
8.3.3. By Propulsion Type
8.3.4. By Technology
8.3.5. By Battery Type
8.4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Country, 2025-2032
8.4.1. China
8.4.2. Japan
8.4.3. South Korea
8.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Vehicle Type, 2025-2032
8.5.1. Passenger Car
8.5.2. Commercial Vehicle
8.6. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Propulsion Type, 2025-2032
8.7. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Technology, 2025-2032
8.7.1. Liquid Cooling
8.7.2. Air Cooling
8.8. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Battery Type, 2025-2032
8.8.1. Lithium-ion
8.8.2. Nickel-Metal Hydride
8.9. Market Attractiveness Analysis
9. South Asia & Oceania Electric Vehicle Battery Cooling Plate Outlook: Historical (2019-2024) and Forecast (2025-2032)
9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2024
9.3.1. By Country
9.3.2. By Vehicle Type
9.3.3. By Propulsion Type
9.3.4. By Technology
9.3.5. By Battery Type
9.4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Country, 2025-2032
9.4.1. India
9.4.2. Southeast Asia
9.4.3. ANZ
9.4.4. Rest of South Asia & Oceania
9.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Vehicle Type, 2025-2032
9.5.1. Passenger Car
9.5.2. Commercial Vehicle
9.6. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Propulsion Type, 2025-2032
9.7. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Technology, 2025-2032
9.7.1. Liquid Cooling
9.7.2. Air Cooling
9.8. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Battery Type, 2025-2032
9.8.1. Lithium-ion
9.8.2. Nickel-Metal Hydride
9.9. Market Attractiveness Analysis
10. Latin America Electric Vehicle Battery Cooling Plate Outlook: Historical (2019-2024) and Forecast (2025-2032)
10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2024
10.3.1. By Country
10.3.2. By Vehicle Type
10.3.3. By Propulsion Type
10.3.4. By Technology
10.3.5. By Battery Type
10.4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Vehicle Type, 2025-2032
10.4.1. Passenger Car
10.4.2. Commercial Vehicle
10.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Propulsion Type, 2025-2032
10.6. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Technology, 2025-2032
10.6.1. Liquid Cooling
10.6.2. Air Cooling
10.7. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Battery Type, 2025-2032
10.7.1. Lithium-ion
10.7.2. Nickel-Metal Hydride
10.8. Market Attractiveness Analysis
11. Middle East & Africa Electric Vehicle Battery Cooling Plate Outlook: Historical (2019-2024) and Forecast (2025-2032)
11.1. Key Highlights
11.2. Pricing Analysis
11.3. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Market, 2019-2024
11.3.1. By Country
11.3.2. By Vehicle Type
11.3.3. By Propulsion Type
11.3.4. By Technology
11.3.5. By Battery Type
11.4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Country, 2025-2032
11.4.1. GCC Countries
11.4.2. Egypt
11.4.3. South Africa
11.4.4. Northern Africa
11.4.5. Rest of Middle East & Africa
11.5. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Vehicle Type, 2025-2032
11.5.1. Passenger Car
11.5.2. Commercial Vehicle
11.6. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Propulsion Type, 2025-2032
11.7. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Technology, 2025-2032
11.7.1. Liquid Cooling
11.7.2. Air Cooling
11.8. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Battery Type, 2025-2032
11.8.1. Lithium-ion
11.8.2. Nickel-Metal Hydride
11.9. Market Attractiveness Analysis
12. Competition Landscape
12.1. Market Share Analysis, 2025
12.2. Market Structure
12.2.1. Competition Intensity Mapping By Company
12.2.2. Competition Dashboard
12.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
12.3.1. ZIEHL-ABEGG
12.3.1.1. Overview
12.3.1.2. Segments and Products
12.3.1.3. Key Financials
12.3.1.4. Market Developments
12.3.1.5. Market Strategy
12.3.2. Schaeffler Technologies AG & Co., KG
12.3.3. Protean Electric
12.3.4. Bonfiglioli Riduttori S.p.A.
12.3.5. ZF Friedrichshafen AG
12.3.6. Elaphe AG
12.3.7. Evans Electric
12.3.8. TM4
12.3.9. Siemens AG
12.3.10. Kolektor
12.3.11. Printed Motor Works
12.3.12. NSK Ltd.
12.3.13. NTN Corporation
12.3.14. GEM Motors d.o.o.
12.3.15. Magnetic Systems Technology
12.3.16. e-Traction B.V.
12.3.17. Hyundai Mobis
12.3.18. YASA Limited
12.3.19. ECOmove GmbH
12.3.20. Tajima Motor Corporation
13. Appendix
13.1. Research Methodology
13.2. Research Assumptions
13.3. Acronyms and Abbreviations