Global Battery Cooling Plate Market Size & Outlook

The battery cooling plate industry worldwide is expected to reach a projected revenue of US$ 5,006.6 million by 2030. A compound annual growth rate of 37.4% is expected of the worldwide battery cooling plate industry from 2023 to 2030.
Revenue, 2022 (US$M)
$394.9
Forecast, 2030 (US$M)
$5,006.6
CAGR, 2023 - 2030
37.4%
Report Coverage
Worldwide

Global battery cooling plate market highlights

  • The global battery cooling plate market generated a revenue of USD 394.9 million in 2022 and is expected to reach USD 5,006.6 million by 2030.
  • The market is expected to grow at a CAGR (2023 - 2030) of 37.4% by 2030.
  • In terms of segment, bev accounted for a revenue of USD 219.5 million in 2022.
  • BEV is the most lucrative application segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2022.
  • Country-wise, UK is expected to register the highest CAGR from 2023 to 2030.

Global data book summary

Market revenue in 2022USD 394.9 million
Market revenue in 2030USD 5,006.6 million
Growth rate37.4% (CAGR from 2022 to 2030)
Largest segmentBev
Fastest growing segmentBEV
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationBEV, PHEV

Other key industry trends

  • In terms of revenue, the North America accounted for 12.7% of the global battery cooling plate market in 2022.
  • By country, the China is projected to lead the global market in terms of revenue in 2030.
  • By country, UK is the fastest growing regional market and is projected to reach USD 81.7 million by 2030.

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Battery Cooling Plate Market Scope

Battery Cooling Plate Market Companies

Name Profile # Employees HQ Website

Global battery cooling plate market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to battery cooling plate market will help companies and investors design strategic landscapes.


Bev was the largest segment with a revenue share of 55.58% in 2022. Horizon Databook has segmented the Global battery cooling plate market based on bev, phev covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Battery Cooling Plate Application Outlook (Revenue, USD Million, 2018-2030)
    • BEV
    • PHEV
  • Global Battery Cooling Plate Process Outlook (Revenue, USD Million, 2018-2030)
    • Indirect Cooling
    • Direct Cooling

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Horizon Databook provides a detailed overview of global-level data and insights on the Global battery cooling plate market , including forecasts for subscribers. This global databook contains high-level insights into Global battery cooling plate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global battery cooling plate market size, by regions, 2018-2030 (US$M)

Top 10 countries: Battery cooling plate market size, 2022 (US$M)

Global battery cooling plate market share, by application, 2022 & 2030 (%, US$M)

Battery cooling plate market: Opportunity assessment by country

Global battery cooling plate market, by region, 2022 (US$M)

Global battery cooling plate market size, by regions, 2018-2030 (US$M)

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