China Battery Cooling Plate Market Size & Outlook
China battery cooling plate market, 2018-2030 (US$M)
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China battery cooling plate market highlights
- The China battery cooling plate market generated a revenue of USD 178.6 million in 2022 and is expected to reach USD 2,632.9 million by 2030.
- The China market is expected to grow at a CAGR of 40% from 2023 to 2030.
- In terms of segment, phev was the largest revenue generating application in 2022.
- BEV is the most lucrative application segment registering the fastest growth during the forecast period.
Battery cooling plate market data book summary
| Market revenue in 2022 | USD 178.6 million |
| Market revenue in 2030 | USD 2,632.9 million |
| Growth rate | 40% (CAGR from 2022 to 2030) |
| Largest segment | Phev |
| Fastest growing segment | BEV |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | BEV, PHEV |
| Key market players worldwide | Dana Inc, HELLA GmbH & Co KGaA, Nomura Holdings Inc ADR, Modine Manufacturing Co, MAHLE, Bespoke Composite Panels, Nippon Light Metal, Priatherm, SANHUA Automotive, Goshu Kohsan Co |
Other key industry trends
- In terms of revenue, China accounted for 45.2% of the global battery cooling plate market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China battery cooling plate market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,632.9 million by 2030.
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Battery Cooling Plate Market Scope
Battery Cooling Plate Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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.
Phev was the largest segment with a revenue share of 50.28% in 2022. Horizon Databook has segmented the China battery cooling plate market based on bev, phev covering the revenue growth of each sub-segment from 2018 to 2030.
According to the World Bank, the growth is projected to slow down to 5% in 2022. This is attributed to declining domestic demand, the COVID-19 incursions, a decline in the construction industry due to the Ever grande debt default, and the associated threat of an economic slowdown.
China is one of the largest EV markets in the world. According to IEA, China sold 3.3 million units of EVs in 2021. Domestic production of EVs is also the highest in the world. Growth in EV production is anticipated to augment the consumption of battery cooling plates in the country over the forecast period.
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Target buyers of China battery cooling plate market databook
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Our clientele includes a mix of battery cooling plate market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the China battery cooling plate market , including forecasts for subscribers. This country databook contains high-level insights into China battery cooling plate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China battery cooling plate market size, by application, 2018-2030 (US$M)
China Battery Cooling Plate Market Outlook Share, 2022 & 2030 (US$M)
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