UK Battery Cooling Plate Market Size & Outlook, 2022-2030

The battery cooling plate market in UK is expected to reach a projected revenue of US$ 81.7 million by 2030. A compound annual growth rate of 21.8% is expected of UK battery cooling plate market from 2023 to 2030.

Revenue, 2022 (US$M)
$16.9
Forecast, 2030 (US$M)
$81.7
CAGR, 2023 - 2030
21.8%
Report Coverage
UK

UK battery cooling plate market highlights

  • The UK battery cooling plate market generated a revenue of USD 16.9 million in 2022 and is expected to reach USD 81.7 million by 2030.
  • The UK market is expected to grow at a CAGR of 21.8% from 2023 to 2030.
  • In terms of segment, bev 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 2022USD 16.9 million
Market revenue in 2030USD 81.7 million
Growth rate21.8% (CAGR from 2022 to 2030)
Largest segmentBev
Fastest growing segmentBEV
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationBEV, PHEV
Key market players worldwideDana 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, UK accounted for 4.3% 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 Europe, Germany battery cooling plate market is projected to lead the regional market in terms of revenue in 2030.
  • Germany is the fastest growing regional market in Europe and is projected to reach USD 327.1 million by 2030.

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Battery Cooling Plate Market Scope

Battery Cooling Plate Market Companies

Name Profile # Employees HQ Website

UK 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 59.76% in 2022. Horizon Databook has segmented the UK battery cooling plate market based on bev, phev covering the revenue growth of each sub-segment from 2018 to 2030.


In view of this, the government has announced a ban on gasoline and diesel cars by 2030. As a result, key players in the automobile industry are either converting their ICE manufacturing plants to EVs or investing in new facilities for manufacturing EVs.


For instance, in October 2021, Ford Motor Company announced to spend GBP 230 million (~USD 315 million) to transform its factory in northwest England to produce components for EVs. The site is expected to produce 250,000 units per year by 2024.


The UK has committed to zero carbon emissions by 2050. Transport sector is responsible for the largest greenhouse gas emissions and over half of the transport emissions come from ICE vehicles.

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

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UK battery cooling plate market size, by application, 2018-2030 (US$M)

UK Battery Cooling Plate Market Outlook Share, 2022 & 2030 (US$M)

UK battery cooling plate market size, by application, 2018-2030 (US$M)

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