U.S. Battery Cooling Plate Market Size & Outlook
U.S. battery cooling plate market, 2018-2030 (US$M)
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U.S. battery cooling plate market highlights
- The U.S. battery cooling plate market generated a revenue of USD 47.5 million in 2022 and is expected to reach USD 911.0 million by 2030.
- The U.S. market is expected to grow at a CAGR of 44.7% 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 2022 | USD 47.5 million |
| Market revenue in 2030 | USD 911.0 million |
| Growth rate | 44.7% (CAGR from 2022 to 2030) |
| Largest segment | Bev |
| 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, U.S. accounted for 12.0% 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 North America, U.S. battery cooling plate market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 911.0 million by 2030.
Key Regions: UK , Japan , Germany , France , Netherlands
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Battery Cooling Plate Market Scope
Battery Cooling Plate Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 58.74% in 2022. Horizon Databook has segmented the U.S. battery cooling plate market based on bev, phev covering the revenue growth of each sub-segment from 2018 to 2030.
Growing regulations pertaining to harmful emissions from vehicles are anticipated to propel the demand for EVs in the U.S., which, in turn, is anticipated to augment the market growth over the forecast period. Rapid industrialization coupled with growing environmental concerns has encouraged the U.S. government to impose stringent regulations on vehicular emissions.
For instance, in December 2021, the U.S. Environmental Protection Agency revised national greenhouse gas (GHG) emissions standards for light trucks and passenger cars for model years 2023- 2026. The revised standards are expected to reduce GHG emissions and other criteria pollutants.
The U.S. aims at reducing its dependence on other countries for procuring raw materials required for manufacturing EV batteries. The country is in the process to secure the supply chain for EVs and is anticipated to boost domestic manufacturing.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. battery cooling plate market , including forecasts for subscribers. This country databook contains high-level insights into U.S. battery cooling plate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. battery cooling plate market size, by application, 2018-2030 (US$M)
U.S. Battery Cooling Plate Market Outlook Share, 2022 & 2030 (US$M)
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