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Electric Vehicle Liquid Cooling Plates (LCP) Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
Electric Vehicle Liquid Cooling Plates (LCP) Market SizeThe global Electric Vehicle Liquid Cooling Plates (LCP) market was valued at US$ 730 million in 2023 and is anticipated to reach US$ 3532.2 million by 2030, witnessing a CAGR of 29.0% during the forecast period 2024-2030.
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Major Trends in the Electric Vehicle Liquid Cooling Plates (LCP) Market:
1. Advancements in EV Technology: The growing demand for efficient thermal management solutions for electric vehicles (EVs).
2. Increased EV Adoption: Rising electric vehicle production boosts the demand for liquid cooling plates to ensure battery efficiency and longevity.
3. Miniaturization: Ongoing efforts to reduce the size of cooling plates while improving performance.
Challenges:
1. High Costs: The manufacturing of liquid cooling plates involves advanced materials and technologies, contributing to high production costs.
2. Complex Integration: Ensuring compatibility with diverse EV models remains a challenge.
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Global EV sales continued strong. A total of 10,5 million new BEVs and PHEVs were delivered during 2022, an increase of +55 % compared to 2021. China and Europe emerged as the main drivers of strong growth in global EV sales. In 2022, the production and sales of new energy vehicles in China reach 7.0 million and 6.8 million respectively, a year-on-year increase of 96.9% and 93.4%, with a market share of 25.6%. The production and sales of new energy vehicles have ranked first in the world for eight consecutive years. Among them, the sales volume of pure electric vehicles was 5.365 million, a year-on-year increase of 81.6%. In 2022, sales of pure electric vehicles in Europe will increase by 29% year-on-year to 1.58 million.
By Type
• Harmonica Tube Type Liquid Cooling Plates
• Stamping Type Liquid Cooling Plates
• Inflation Type Liquid Cooling Plates
By Application
• Battery Electric Vehicle (BEV)
• Plug-in Hybrid Electric Vehicle (PHEV)
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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