Battery Cooling Plate for EV Global Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application, Product Type

Battery Cooling Plate for EV Market Summary

Introduction
Battery cooling plates for electric vehicles (EVs) are critical thermal management components designed to regulate battery temperatures, ensuring safety, efficiency, and longevity in passenger cars and commercial vehicles. These plates, often made from extruded aluminum profiles, adapt to battery cell contours, offering compact, lightweight solutions as exemplified by BorgWarner’s 2023 supply deal with a major German automaker. Global vehicle production hit 93.5 million units in 2023, with a CAGR of 2% from 2019-2023, while EV sales reached 18.2 million units in 2024, up 24.4%, with China at 12.9 million units (up 35.7%) and a global penetration rate over 20%. The market is estimated at USD 1.5-2.5 billion in 2025, with a CAGR of 8.5%-15.5% through 2030, driven by EV adoption and battery performance demands.

Market Size and Growth Forecast
The battery cooling plate for EV market is projected to reach USD 1.5-2.5 billion in 2025, growing at a CAGR of 8.5%-15.5% through 2030. This rapid growth reflects the electrification trend and need for advanced thermal management.
Regional Analysis
Asia Pacific: Growth is estimated at 9.5%-16.0%, with China leading due to its EV dominance. Japan and South Korea focus on innovation, with trends in high-performance cooling.
Europe: The market grows at 8.0%-14.0%, led by Germany, driven by EV policies. Trends emphasize lightweight designs.
North America: Growth ranges from 7.5%-13.5%, with the U.S. focusing on EV infrastructure. Trends highlight scalability.
Africa: Growth is 6.0%-10.0%, with South Africa showing potential in commercial applications.

Application Analysis
Passenger Car: Growing at 9.0%-15.5%, it dominates due to consumer EV demand, with trends in compact designs.
Commercial Vehicle: With a growth rate of 8.0%-14.0%, it supports fleet electrification, trending toward durability.

Type Analysis
OEM Market: Growing at 9.0%-15.5%, it drives initial installations, with trends in integration.
Aftermarket: With a growth rate of 7.5%-13.0%, it supports replacements, trending toward cost efficiency.

Key Market Players
DENSO: In Japan, it offers advanced cooling solutions for EVs.
Dana Incorporated: In the U.S., it focuses on thermal management technologies.
Valeo: In France, it targets EV cooling innovations.
MAHLE: In Germany, it provides efficient cooling plates.
BorgWarner: In the U.S., it excels in lightweight designs.
RNBC New Energy Co. Ltd.: In China, it serves the domestic EV market.
Shaoxing Sanhua: In China, it focuses on thermal solutions.
Zhejiang Yinlun Machinery: In China, it targets high-growth EV sectors.
Anhui Xinfu New Energy Technology: In China, it caters to regional needs.
Shenzhen FRD Science&Technology: In China, it emphasizes innovative cooling.

Porter’s Five Forces Analysis
Threat of New Entrants: Moderate, due to technical and capital barriers.
Threat of Substitutes: Low, as cooling plates are essential for EV batteries.
Bargaining Power of Buyers: Moderate, with automakers negotiating, but performance needs limit options.
Bargaining Power of Suppliers: Moderate, with aluminum supply concentrated.
Industry Rivalry: High, driven by innovation and EV market growth.

Market Opportunities and Challenges
Opportunities
EV sales surge, especially in China, boosts demand.
Lightweight, efficient designs like BorgWarner’s enhance market potential.
Commercial vehicle electrification offers new avenues.

Challenges
High R&D costs for advanced designs pose risks.
Supply chain constraints affect aluminum availability.
Intense competition pressures pricing and innovation.