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Electric Vehicle Battery Cooling Plate Market

Electric Vehicle Battery Cooling Plate Market Future-proof Strategies: Trends, Competitor Dynamics, and Opportunities 2025-2033

Electric Vehicle Battery Cooling Plate Market by Vehicle Type (Passenger Car, Commercial Vehicle), by Propulsion Type (BEV, HV), by Technology (Liquid Cooling, Air Cooling), by Battery Type (Lithium-ion, Nickel-Metal Hydride), by North America (U.S., Canada, Mexico) Forecast 2026-2034

Jul 14 2025

Base Year: 2025

180 Pages

Electric Vehicle Battery Cooling Plate Market Future-proof Strategies: Trends, Competitor Dynamics, and Opportunities 2025-2033

Key Insights

The Electric Vehicle Battery Cooling Plate Marketsize was valued at USD 1.43 USD Billion in 2023 and is projected to reach USD 5.56 USD Billion by 2032, exhibiting a CAGR of 21.4 % during the forecast period. An Electric Vehicle (EV) Battery Cooling Plate is a vital component responsible for controlling temperature in batteries to extend their life span. For instance, there are the liquid cooling plates in which there is circulation of the coolant and air cooling plates where there is air circulation. Some of the important characteristics include being tremendously conductive thermally, being made of light materials, and being very integrated. These cooling plates play an important role, in avoiding high temps, increasing productivity, and getting longer battery time. They are used in electric cars, buses, and other EVs helping to avoid battery fires by keeping the temperature of batteries optimal.

Electric Vehicle Battery Cooling Plate Trends

Growing demand for electric vehicles
Increasing battery capacity and power density
Advancements in battery cooling technologies

Electric Vehicle Battery Cooling Plate Market Market Size and Forecast (2024-2030) — Electric Vehicle Battery Cooling Plate Market Company Market Share

Driving Forces: What's Propelling the Electric Vehicle Battery Cooling Plate Market

Stringent Environmental Regulations and Incentives: Governments worldwide are implementing increasingly stringent emission regulations and offering substantial subsidies to promote the adoption of electric vehicles (EVs). This regulatory push and financial incentive directly fuels the demand for efficient battery cooling plates, a critical component for optimal EV performance and longevity.
Technological Advancements in Thermal Management: Continuous innovation in battery cooling technologies, including advancements in liquid cooling, immersion cooling, and advanced phase-change materials, significantly improves battery performance, safety, and lifespan. These technological leaps are driving the adoption of more sophisticated and effective cooling plates.
Increased R&D Investment and Collaboration: Significant investments in research and development by both established automotive manufacturers and innovative startups are focused on optimizing cooling plate designs, materials, and manufacturing processes. This collaborative effort accelerates the development of higher-performing, cost-effective, and safer cooling solutions.
Rising Demand for High-Performance EVs: The growing market for high-performance electric vehicles, such as luxury EVs and high-power electric trucks, demands advanced cooling solutions to manage the increased heat generation from larger and more powerful battery packs. This segment is a key driver for the adoption of premium cooling plates.

Challenges and Restraints in Electric Vehicle Battery Cooling Plate Market

High Initial Investment and Production Costs: The manufacturing of high-performance cooling plates requires specialized equipment and materials, leading to significant upfront capital investment and potentially higher production costs compared to traditional cooling methods.
Complex Design and Engineering Requirements: Designing and integrating effective battery cooling plates necessitates intricate engineering considerations, including precise fluid flow management, optimal heat transfer, and robust structural integrity within the confined space of the battery pack.
Thermal Runaway Mitigation and Enhanced Safety: Preventing thermal runaway, a potentially catastrophic event leading to battery fires, is paramount. Cooling plate designs must incorporate robust safety features and effectively manage heat dissipation to minimize this risk.
Skilled Labor Shortages and Manufacturing Complexity: The production of advanced cooling plates requires specialized skills and expertise. A shortage of highly skilled personnel can hinder production capacity and potentially impact the timely delivery of cooling solutions.
Stringent Safety Standards and Certification: Meeting stringent safety regulations and obtaining necessary certifications for battery cooling systems adds complexity and cost to the manufacturing process, requiring rigorous testing and compliance procedures.

Emerging Trends in Electric Vehicle Battery Cooling Plate

Liquid-cooled battery systems
Integrated cooling and heating systems
Advanced thermal management materials

Growth Catalysts in Electric Vehicle Battery Cooling Plate Industry

Expanding EV Infrastructure and Government Support: Governments are investing heavily in developing robust EV charging infrastructure, including fast-charging stations, which further accelerate EV adoption and, in turn, the demand for efficient battery cooling systems.
Strategic Partnerships and Industry Collaboration: Increasing collaborations between automotive original equipment manufacturers (OEMs) and specialized cooling system manufacturers are fostering innovation and facilitating the seamless integration of advanced cooling solutions into new EV models.
Advancements in Thermal Modeling and Simulation: Sophisticated computational fluid dynamics (CFD) modeling and simulation tools enable engineers to optimize cooling plate designs, minimizing weight, maximizing heat dissipation, and extending battery lifespan with greater precision.
Focus on Lightweighting and Improved Efficiency: The ongoing push for lighter and more energy-efficient EVs necessitates the development of lightweight and high-performance cooling plates that minimize the overall weight and energy consumption of the vehicle.

Market Segmentation: Electric Vehicle Battery Cooling Plate Analysis

Vehicle Type:

Passenger car
Commercial vehicle

Propulsion Type:

Technology:

Liquid cooling
Air cooling

Battery Type:

Lithium-ion
Nickel-metal hydride

Leading Players in the Electric Vehicle Battery Cooling Plate Market

Significant developments in the Electric Vehicle Battery Cooling Plate Sector

March 2023: Columbia Staver Limited introduced the Isothermal cold plate with an inlet and outlet on the same end.
October 2022: Modine Manufacturing Company signed an agreement with The Shyft Group for an integrated battery thermal management system.
September 2022: Ningbo Cheeven introduced FSW liquid cooling plates with solid-state bonds.
August 2022: Dana Limited announced a new battery cooling plate manufacturing operation with a USD 54.2 million valuation.

Comprehensive Coverage Electric Vehicle Battery Cooling Plate Market Report

Quantitative and qualitative analysis of market size, trends, growth drivers, and challenges
Granular segmentation by vehicle type (passenger cars, commercial vehicles), propulsion type (BEV, PHEV), technology (liquid-cooled, air-cooled), and battery type (lithium-ion, solid-state)
Thorough profiles of key market players including their market share, product offerings, recent developments, and strategies
SWOT analysis of the market, identifying strengths, weaknesses, opportunities, and threats

Regional Insight

North America
Europe
Asia-Pacific
South America
Middle East and Africa

Electric Vehicle Battery Cooling Plate Market Market Share by Region - Global Geographic Distribution — Electric Vehicle Battery Cooling Plate Market Regional Market Share

Pricing Strategies

Tiered pricing
Volume discounts
Bundled pricing

Swot Analysis

Strengths:

Growing demand for electric vehicles
Advancements in battery cooling technologies
Government support for EV infrastructure

Weaknesses:

High manufacturing costs
Thermal runaway risks
Limited availability of skilled labor

Opportunities:

Collaborations between automakers and cooling system manufacturers
Advancements in thermal modeling and simulation
Increasing government incentives for EV adoption

Threats:

Fluctuations in raw material prices
Competition from alternative cooling technologies
Environmental regulations related to battery disposal

Geographic Coverage of Electric Vehicle Battery Cooling Plate Market

Higher Coverage

Lower Coverage

No Coverage

Electric Vehicle Battery Cooling Plate Market REPORT HIGHLIGHTS

Aspects	Details
Study Period	2020-2034
Base Year	2025
Estimated Year	2026
Forecast Period	2026-2034
Historical Period	2020-2025
Growth Rate	CAGR of 21.4% from 2020-2034
Segmentation	By Vehicle Type Passenger Car Commercial Vehicle By Propulsion Type BEV HV By Technology Liquid Cooling Air Cooling By Battery Type Lithium-ion Nickel-Metal Hydride By Geography North America U.S. Canada Mexico

1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
- 2.1. Introduction
3. Market Dynamics
- 3.1. Introduction
- - 3.2. Market Drivers
  - - 3.2.1 Increasing Demand for Forged Products in Power
    - 3.2.2 Agriculture
    - 3.2.3 Aerospace
    - 3.2.4 and Defense to Drive Industry Expansion
- - 3.3. Market Restrains
  - - 3.3.1. Technical Issues of Liquid Cooling Systems May Hamper Market Growth
- - 3.4. Market Trends
  - - 3.4.1. Rising Adoption of Automation in Manufacturing to Drive Market Growth
4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
5. Global Electric Vehicle Battery Cooling Plate Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Vehicle Type
  - 5.1.1. Passenger Car
  - 5.1.2. Commercial Vehicle
- 5.2. Market Analysis, Insights and Forecast - by Propulsion Type
  - 5.2.1. BEV
  - 5.2.2. HV
- 5.3. Market Analysis, Insights and Forecast - by Technology
  - 5.3.1. Liquid Cooling
  - 5.3.2. Air Cooling
- 5.4. Market Analysis, Insights and Forecast - by Battery Type
  - 5.4.1. Lithium-ion
  - 5.4.2. Nickel-Metal Hydride
- 5.5. Market Analysis, Insights and Forecast - by Region
  - 5.5.1. North America
6. Competitive Analysis
- 6.1. Global Market Share Analysis 2025
- - 6.2. Company Profiles
  - - 6.2.1 BorgWarner Inc. (U.S.)
      6.2.1.1. Overview
      6.2.1.2. Products
      6.2.1.3. SWOT Analysis
      6.2.1.4. Recent Developments
      6.2.1.5. Financials (Based on Availability)
    - 6.2.2 Sogefi Group (Italy)
      6.2.2.1. Overview
      6.2.2.2. Products
      6.2.2.3. SWOT Analysis
      6.2.2.4. Recent Developments
      6.2.2.5. Financials (Based on Availability)
    - 6.2.3 Dana Limited (U.S.)
      6.2.3.1. Overview
      6.2.3.2. Products
      6.2.3.3. SWOT Analysis
      6.2.3.4. Recent Developments
      6.2.3.5. Financials (Based on Availability)
    - 6.2.4 Ningbo Cheeven New Materials Technology Co. Ltd. (China)
      6.2.4.1. Overview
      6.2.4.2. Products
      6.2.4.3. SWOT Analysis
      6.2.4.4. Recent Developments
      6.2.4.5. Financials (Based on Availability)
    - 6.2.5 Modine Manufacturing Company (U.S.)
      6.2.5.1. Overview
      6.2.5.2. Products
      6.2.5.3. SWOT Analysis
      6.2.5.4. Recent Developments
      6.2.5.5. Financials (Based on Availability)
    - 6.2.6 Senior Flexonics (U.S.)
      6.2.6.1. Overview
      6.2.6.2. Products
      6.2.6.3. SWOT Analysis
      6.2.6.4. Recent Developments
      6.2.6.5. Financials (Based on Availability)
    - 6.2.7 Columbia Staver Limited (U.K.)
      6.2.7.1. Overview
      6.2.7.2. Products
      6.2.7.3. SWOT Analysis
      6.2.7.4. Recent Developments
      6.2.7.5. Financials (Based on Availability)
    - 6.2.8 Shenzhen Cotran New Material CO. LTD. (China)
      6.2.8.1. Overview
      6.2.8.2. Products
      6.2.8.3. SWOT Analysis
      6.2.8.4. Recent Developments
      6.2.8.5. Financials (Based on Availability)
    - 6.2.9 ESTRA (U.S.)
      6.2.9.1. Overview
      6.2.9.2. Products
      6.2.9.3. SWOT Analysis
      6.2.9.4. Recent Developments
      6.2.9.5. Financials (Based on Availability)
    - 6.2.10 Vikas Group (India)
      6.2.10.1. Overview
      6.2.10.2. Products
      6.2.10.3. SWOT Analysis
      6.2.10.4. Recent Developments
      6.2.10.5. Financials (Based on Availability)
    - 6.2.11 Mersen Corporate Services SAS (France)
      6.2.11.1. Overview
      6.2.11.2. Products
      6.2.11.3. SWOT Analysis
      6.2.11.4. Recent Developments
      6.2.11.5. Financials (Based on Availability)
    - 6.2.12 Boyd Corporation (U.S.)
      6.2.12.1. Overview
      6.2.12.2. Products
      6.2.12.3. SWOT Analysis
      6.2.12.4. Recent Developments
      6.2.12.5. Financials (Based on Availability)

List of Figures

Figure 1: Global Electric Vehicle Battery Cooling Plate Market Revenue Breakdown (USD Billion, %) by Region 2025 & 2033
Figure 2: Global Electric Vehicle Battery Cooling Plate Market Volume Breakdown (Units, %) by Region 2025 & 2033
Figure 3: North America Electric Vehicle Battery Cooling Plate Market Revenue (USD Billion), by Vehicle Type 2025 & 2033
Figure 4: North America Electric Vehicle Battery Cooling Plate Market Volume (Units), by Vehicle Type 2025 & 2033
Figure 5: North America Electric Vehicle Battery Cooling Plate Market Revenue Share (%), by Vehicle Type 2025 & 2033
Figure 6: North America Electric Vehicle Battery Cooling Plate Market Volume Share (%), by Vehicle Type 2025 & 2033
Figure 7: North America Electric Vehicle Battery Cooling Plate Market Revenue (USD Billion), by Propulsion Type 2025 & 2033
Figure 8: North America Electric Vehicle Battery Cooling Plate Market Volume (Units), by Propulsion Type 2025 & 2033
Figure 9: North America Electric Vehicle Battery Cooling Plate Market Revenue Share (%), by Propulsion Type 2025 & 2033
Figure 10: North America Electric Vehicle Battery Cooling Plate Market Volume Share (%), by Propulsion Type 2025 & 2033
Figure 11: North America Electric Vehicle Battery Cooling Plate Market Revenue (USD Billion), by Technology 2025 & 2033
Figure 12: North America Electric Vehicle Battery Cooling Plate Market Volume (Units), by Technology 2025 & 2033
Figure 13: North America Electric Vehicle Battery Cooling Plate Market Revenue Share (%), by Technology 2025 & 2033
Figure 14: North America Electric Vehicle Battery Cooling Plate Market Volume Share (%), by Technology 2025 & 2033
Figure 15: North America Electric Vehicle Battery Cooling Plate Market Revenue (USD Billion), by Battery Type 2025 & 2033
Figure 16: North America Electric Vehicle Battery Cooling Plate Market Volume (Units), by Battery Type 2025 & 2033
Figure 17: North America Electric Vehicle Battery Cooling Plate Market Revenue Share (%), by Battery Type 2025 & 2033
Figure 18: North America Electric Vehicle Battery Cooling Plate Market Volume Share (%), by Battery Type 2025 & 2033
Figure 19: North America Electric Vehicle Battery Cooling Plate Market Revenue (USD Billion), by Country 2025 & 2033
Figure 20: North America Electric Vehicle Battery Cooling Plate Market Volume (Units), by Country 2025 & 2033
Figure 21: North America Electric Vehicle Battery Cooling Plate Market Revenue Share (%), by Country 2025 & 2033
Figure 22: North America Electric Vehicle Battery Cooling Plate Market Volume Share (%), by Country 2025 & 2033

List of Tables

Table 1: Global Electric Vehicle Battery Cooling Plate Market Revenue USD Billion Forecast, by Vehicle Type 2020 & 2033
Table 2: Global Electric Vehicle Battery Cooling Plate Market Volume Units Forecast, by Vehicle Type 2020 & 2033
Table 3: Global Electric Vehicle Battery Cooling Plate Market Revenue USD Billion Forecast, by Propulsion Type 2020 & 2033
Table 4: Global Electric Vehicle Battery Cooling Plate Market Volume Units Forecast, by Propulsion Type 2020 & 2033
Table 5: Global Electric Vehicle Battery Cooling Plate Market Revenue USD Billion Forecast, by Technology 2020 & 2033
Table 6: Global Electric Vehicle Battery Cooling Plate Market Volume Units Forecast, by Technology 2020 & 2033
Table 7: Global Electric Vehicle Battery Cooling Plate Market Revenue USD Billion Forecast, by Battery Type 2020 & 2033
Table 8: Global Electric Vehicle Battery Cooling Plate Market Volume Units Forecast, by Battery Type 2020 & 2033
Table 9: Global Electric Vehicle Battery Cooling Plate Market Revenue USD Billion Forecast, by Region 2020 & 2033
Table 10: Global Electric Vehicle Battery Cooling Plate Market Volume Units Forecast, by Region 2020 & 2033
Table 11: Global Electric Vehicle Battery Cooling Plate Market Revenue USD Billion Forecast, by Vehicle Type 2020 & 2033
Table 12: Global Electric Vehicle Battery Cooling Plate Market Volume Units Forecast, by Vehicle Type 2020 & 2033
Table 13: Global Electric Vehicle Battery Cooling Plate Market Revenue USD Billion Forecast, by Propulsion Type 2020 & 2033
Table 14: Global Electric Vehicle Battery Cooling Plate Market Volume Units Forecast, by Propulsion Type 2020 & 2033
Table 15: Global Electric Vehicle Battery Cooling Plate Market Revenue USD Billion Forecast, by Technology 2020 & 2033
Table 16: Global Electric Vehicle Battery Cooling Plate Market Volume Units Forecast, by Technology 2020 & 2033
Table 17: Global Electric Vehicle Battery Cooling Plate Market Revenue USD Billion Forecast, by Battery Type 2020 & 2033
Table 18: Global Electric Vehicle Battery Cooling Plate Market Volume Units Forecast, by Battery Type 2020 & 2033
Table 19: Global Electric Vehicle Battery Cooling Plate Market Revenue USD Billion Forecast, by Country 2020 & 2033
Table 20: Global Electric Vehicle Battery Cooling Plate Market Volume Units Forecast, by Country 2020 & 2033
Table 21: U.S. Electric Vehicle Battery Cooling Plate Market Revenue (USD Billion) Forecast, by Application 2020 & 2033
Table 22: U.S. Electric Vehicle Battery Cooling Plate Market Volume (Units) Forecast, by Application 2020 & 2033
Table 23: Canada Electric Vehicle Battery Cooling Plate Market Revenue (USD Billion) Forecast, by Application 2020 & 2033
Table 24: Canada Electric Vehicle Battery Cooling Plate Market Volume (Units) Forecast, by Application 2020 & 2033
Table 25: Mexico Electric Vehicle Battery Cooling Plate Market Revenue (USD Billion) Forecast, by Application 2020 & 2033
Table 26: Mexico Electric Vehicle Battery Cooling Plate Market Volume (Units) Forecast, by Application 2020 & 2033

Methodology

Step 1 - Identification of Relevant Samples Size from Population Database

Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.

Note*: In applicable scenarios

Step 3 - Data Sources

Primary Research

Web Analytics
Survey Reports
Research Institute
Latest Research Reports
Opinion Leaders

Secondary Research

Annual Reports
White Paper
Latest Press Release
Industry Association
Paid Database
Investor Presentations

Step 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.

Frequently Asked Questions

1. What is the projected Compound Annual Growth Rate (CAGR) of the Electric Vehicle Battery Cooling Plate Market?

The projected CAGR is approximately 21.4%.

2. Which companies are prominent players in the Electric Vehicle Battery Cooling Plate Market?

Key companies in the market include BorgWarner Inc. (U.S.), Sogefi Group (Italy), Dana Limited (U.S.), Ningbo Cheeven New Materials Technology Co., Ltd. (China), Modine Manufacturing Company (U.S.), Senior Flexonics (U.S.), Columbia Staver Limited (U.K.), Shenzhen Cotran New Material CO., LTD. (China), ESTRA (U.S.), Vikas Group (India), Mersen Corporate Services SAS (France), Boyd Corporation (U.S.).

3. What are the main segments of the Electric Vehicle Battery Cooling Plate Market?

The market segments include Vehicle Type, Propulsion Type, Technology, Battery Type.

4. Can you provide details about the market size?

The market size is estimated to be USD 1.43 USD Billion as of 2022.

5. What are some drivers contributing to market growth?

Increasing Demand for Forged Products in Power. Agriculture. Aerospace. and Defense to Drive Industry Expansion.

6. What are the notable trends driving market growth?

Rising Adoption of Automation in Manufacturing to Drive Market Growth.

7. Are there any restraints impacting market growth?

Technical Issues of Liquid Cooling Systems May Hamper Market Growth.

8. Can you provide examples of recent developments in the market?

March 2023 - Columbia Staver Limited introduced/designed a cold plate that can significantly reduce the delta T between individual battery cells. The Isothermal cold plate has the inlet and outlet on the same end of the plate. The inlet and outlet connectors can be customer-specified and can be in line with or at 90° to the manifold.

9. What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4850, USD 5850, and USD 6850 respectively.

10. Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in USD Billion and volume, measured in Units.

11. Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "Electric Vehicle Battery Cooling Plate Market," which aids in identifying and referencing the specific market segment covered.

12. How do I determine which pricing option suits my needs best?

The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

13. Are there any additional resources or data provided in the Electric Vehicle Battery Cooling Plate Market report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

14. How can I stay updated on further developments or reports in the Electric Vehicle Battery Cooling Plate Market?

To stay informed about further developments, trends, and reports in the Electric Vehicle Battery Cooling Plate Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.

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