Global battery cooling plate market to reach $9.8 billion in 2033 with a CAGR of 14.9%: Allied Market Research Page 1

The expansion of renewable energy storage is a key driver for the battery cooling plate market. Efficient energy storage solutions are essential as renewable energy sources such as solar and wind are increasingly integrated into the grid. Battery cooling plates play a crucial role in managing the thermal load of large-scale storage systems, ensuring stability and reliability.

WILMINGTON, Del., August 27, 2024 /PRNewswire/ — Allied Market Research has published a report titled: “Battery cooling plate market By Material Type (Aluminum, Copper, Graphite, Composite Materials and Others), Technology Type (Liquid Cooling Plates and Air Cooling Plates) and Application (Electric Vehicles, Consumer Electronics, Energy Storage Systems and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033According to the report, the battery cooling plate market was valued at 2.5 billion dollars in 2023, and is expected to $9.8 billion by 2033, with a CAGR of 14.9% from 2024 to 2033.