Press release
Global Battery Liquid Cooling Plates For Electric Vehicle Market: Analysis And Opportunity Assessment 2022
The Battery Liquid Cooling Plates For Electric Vehicle Market is expected to grow at a significant growth rate over the forecast period 2022-2028, considering base year as 2021.
The automotive industry is in the spotlight, with ongoing R&D for alternative materials that are lightweight, energy efficient, and durable. The electric vehicle (EV) market has witnessed phenomenal growth as the world is looking to transition to renewable energy sources. Government push to align with global decarbonization targets, in line with the 2021 Paris Agreement, has boosted electric vehicle production around the world.
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Market Dynamics:
Driver:
Battery-powered electric vehicles (BEVs) are expected to drive market demand. This type of electric vehicle uses a battery to store electrical energy to power its engine. Since heat dissipation is extremely important for safety and optimal performance, battery cooling pads are widely used. They are mainly used in liquid cooling, a widely used battery heat management system technology.
Opportunities:
Several electric vehicle capacity expansion plans were announced last year. For example, in September 2021, Ford Motor Corp. announced plans to invest $11.4 billion in its plants in Tennessee and Kentucky to produce electric vehicles and lithium-ion batteries by 2025. Electric vehicle makers are adopting other cooling methods for their cars, helping to solve heat management problems. Common challenges include leaks, corrosion, blockages, extreme weather conditions, and aging. Accordingly, to meet these challenges, the electric vehicle battery liquid cooling plate market is expected to grow during the forecast period.
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Market Segmentation
By Product
• Direct Cooling
• Indirect Cooling
By Application
• BEV
• PHEV
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By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
Key Players For The Battery Liquid Cooling Plates For Electric Vehicle Market
• Bespoke Composite Panels
• Dana Limited
• Estra Automotive
• HELLA GmbH & Co. KGaA
• KOHSAN Co.Ltd
• MAHLE GmbH
• Modine Manufacturing Company
• Nippon Light Metals
• Priatherm
• SANHUA Automotive And Other Major Key Players.
Key Industry Developments In The Battery Liquid Cooling Plates For Electric Vehicle Market
April 2022, Matter, a technology start-up, introduces the Matter Energy 1.0 battery pack, which features an Integrated Intelligent Thermal Management System and a Super Smart Battery Management System. The battery pack was designed with future mobility in mind, allowing for greater range while ensuring vehicle safety.
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Main Highlights of the Battery Liquid Cooling Plates for Electric Vehicle Market Report
• Get to know the factors driving, impacting, and suppressing elements in the regional market and the ways it affects the global market.
• Find in-depth research regarding marketing strategies followed by the major players in the Battery Liquid Cooling Plates for Electric Vehicle market.
• Data of thorough research on market assessment will help organizations gain an edge in the competitive global market.
• The report highlights the barriers that businesses can face in the Battery Liquid Cooling Plates for Electric Vehicle market and states the solutions to reduce the risk for business growth.
• Find wide perception and forecast of the global and regional Battery Liquid Cooling Plates for Electric Vehicle market that will help make business expansion plans over time.
• Furthermore, the all-inclusive structured report provides personalized research data depending on unique requirements.
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