Battery Pack Liquid Cooling Plate Industry Research: the global market size is projected to reach USD 4.53 billion by 2031

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report "Battery Pack Liquid Cooling Plate- Global Market Share and Ranking, Overall Sales and Demand Forecast 2026-2032". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2026-2032), this report provides a comprehensive analysis of the global Battery Pack Liquid Cooling Plate market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for Battery Pack Liquid Cooling Plate was estimated to be worth US$ 1946 million in 2024 and is forecast to a readjusted size of US$ 8346 million by 2031 with a CAGR of 21.7% during the forecast period 2025-2031.

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Battery Pack Liquid Cooling Plate Market: A Strategic Imperative for EV Safety
1. The Regulatory Catalyst: A Shift to "Safety First"

A pivotal regulatory shift is reshaping the power battery landscape. In April 2025, China's Ministry of Industry and Information Technology (MIIT) issued stringent new safety standards for NEV power batteries, effective July 2026. These standards mandate rigorous testing for thermal runaway, crash safety, and fast-charging tolerance, with the explicit goal of mitigating fire and explosion risks. With NEVs surpassing 50% of new car sales in China, this regulatory tightening compels OEMs and their supply chains to prioritize "battery safety first" above all else.

This policy inflection point marks a fundamental transition: the industry's focus is evolving from merely "driving farther" to ensuring vehicles "drive safer and more controllably."

2. Product Core: The Heart of Thermal Management

At the center of this safety revolution is the Battery Pack Liquid Cooling Plate. It has rapidly ascended from a simple component to the core hardware of the Battery Thermal Management System (BTMS). Its performance directly dictates:

Temperature uniformity across the battery pack.

Thermal runaway thresholds under stress.

Performance during high-rate fast charging, extreme operation, and throughout the battery's lifecycle.

Consequently, it has become a critical lever for automakers to achieve compliance with China's new national standards and stringent global safety regulations.

3. Global Market Outlook: High-Growth, High-Stakes

Driven by this confluence of regulatory pressure and explosive NEV market growth, the liquid cooling plate segment is experiencing transformational expansion. The global market is projected to reach USD 4.53 billion by 2031, growing at a formidable Compound Annual Growth Rate (CAGR) of 15.0%. This trajectory defines it as a strategic niche characterized by high growth, high technical barriers, and increasing market concentration.

4. Key Market Drivers & Opportunities

Regulatory Compliance: Global "carbon neutrality" agendas and upgraded safety rules worldwide, spearheaded by China's 2026 standards, make advanced thermal management a compliance necessity, not an option.

Technology Advancement: The industry shift towards 800V high-voltage architectures, ultra-fast charging, and higher energy density cells creates non-negotiable demand for high-efficiency, lightweight cooling solutions.

Market Penetration: Liquid cooling plates are rapidly transitioning from "optional" to "standard" equipment on mainstream BEV and PHEV platforms.

Demand Diversification: Beyond passenger vehicles, strong growth is emerging from the electrification of commercial vehicles (trucks, buses) and the massive scale-up of grid-scale & commercial energy storage systems, where safety and cycle life are paramount.

5. Competitive Landscape & Supply Chain Dynamics

The market is consolidated and led by established thermal management and automotive component giants. In 2024, the top 10 global players commanded a significant combined revenue share of approximately 71.0%, underscoring the high barriers to entry. Key manufacturers include MAHLE, Valeo, Sanhua Group, Dana, and BorgWarner. These leaders are leveraging vertical integration, complete system solutions, and significant R&D investments to solidify their positions, increasing competitive pressure on smaller players.

6. Market Segmentation Analysis

By Product Type: The Stamping Type cooling plate is the dominant technology, holding a 63.0% market share, favored for its cost-effectiveness, design flexibility, and suitability for high-volume production.

By Application: The New Energy Vehicles (NEVs) segment overwhelmingly drives demand, accounting for 88.7% of the market. Passenger cars are the primary battlefield, with commercial vehicles representing a fast-growing secondary segment.

7. Prevailing Challenges & Risks

Supply Chain & Cost Pressures: High dependence on aluminum, copper, and specialty materials exposes manufacturers to volatile commodity prices, squeezing margins.

Technical & Manufacturing Hurdles: Achieving high yields and consistency in complex processes like welding, narrow-channel flow design, and corrosion-resistant manufacturing remains a core challenge.

Stringent Qualification: Lengthy and rigorous OEM validation processes for safety and lifetime reliability create long lead times for new entrants and project approval.

Intense Competition: Consolidation and vertical integration among top-tier suppliers heighten competition on cost, technology, and delivery assurance for the broader supply base.



The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Battery Pack Liquid Cooling Plate market is segmented as below:
By Company
MAHLE
Sanhua Group
Yinlun
Nabaichuan Holding
Valeo
Dana
Hengchuang Thermal Management
XMAX New Energy
BorgWarner
Runthrough Heat Exchange
Sogefi Group
Boyd Corporation
Modine Manufacturing
Senior Flexonics
Cotran
Shenzhen FRD
Nippon Light Metal
Trumony Aluminum
Hubei Reddit Cooling System
Guangxi Yide Technology
ONEGENE
Huanan Lineng technology
XD THERMAL
KOHSAN

Segment by Type
Harmonica Tube Type
Stamping Type
Inflation Type
Others

Segment by Application
New Energy Vehicles (NEVs)
Energy Storage Systems (ESS)

Each chapter of the report provides detailed information for readers to further understand the Battery Pack Liquid Cooling Plate market:

Chapter 1: Introduces the report scope of the Battery Pack Liquid Cooling Plate report, global total market size (valve, 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. (2021-2032)
Chapter 2: Detailed analysis of Battery Pack Liquid Cooling Plate manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2021-2026)
Chapter 3: Provides the analysis of various Battery Pack Liquid Cooling Plate 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. (2021-2032)
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.(2021-2032)
Chapter 5: Sales, revenue of Battery Pack Liquid Cooling Plate 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..(2021-2032)
Chapter 6: Sales, revenue of Battery Pack Liquid Cooling Plate in country level. It provides sigmate data by Type, and by Application for each country/region.(2021-2032)
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. (2021-2026)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Battery Pack Liquid Cooling Plate competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Battery Pack Liquid Cooling Plate comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Battery Pack Liquid Cooling Plate market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.

Other relevant reports of QYResearch:
Global Battery Pack Liquid Cooling Plate Market Outlook, InDepth Analysis & Forecast to 2031
Global Battery Pack Liquid Cooling Plate Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031
Global Battery Pack Liquid Cooling Plate Market Insights, Forecast to 2031
Global Battery Pack Liquid Cooling Plate Market Research Report 2025

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