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EV Battery Pack Cooling System Market Analysis 2023-2033 – Enhancing the Driving Range of Electric Vehicles

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DUBLIN, Feb. 12, 2024 /PRNewswire/ — The “EV Battery Pack Cooling System Market: A Global and Regional Analysis, 2023-2033” report has been added to ResearchAndMarkets.com’s offering.

The EV battery pack cooling system market was valued at $2.93 billion in 2023, and it is expected to grow at a CAGR of 15.39% and reach $12.28 billion by 2033. The EV battery pack cooling system market thrives due to rising electric vehicle demand, driving innovations in liquid cooling, adaptive controls, fast-charging tech, and eco-friendly solutions. OEM-supplier collaborations and regulatory shifts further shape this dynamic market, focusing on reliable, efficient cooling for optimal battery performance and safety.

The EV battery pack cooling system is a critical component ensuring optimal performance, safety, and longevity of electric vehicle batteries. It manages temperature fluctuations within the battery pack, preventing overheating and ensuring efficient operation. By employing liquid or air-cooled systems, it regulates temperatures to extend battery life, enhance driving range, and enable faster charging. Advancements in materials, thermal management, and AI-driven technologies continuously improve these systems. With the burgeoning electric vehicle market, these cooling systems play a pivotal role in sustaining EV performance, safety, and reliability, fostering innovation and market growth in the automotive industry.

The EV battery pack cooling system market’s industrial impact extends across automotive manufacturing, technology development, and sustainable mobility. Its advancements drive innovation in thermal management, fostering safer and more efficient electric vehicles. This spurs collaborations between automakers and cooling system suppliers, elevating manufacturing standards and pushing R&D boundaries. Additionally, it fuels job creation in specialized engineering and production sectors, supporting the broader electric mobility ecosystem. Moreover, the focus on eco-friendly and efficient cooling solutions aligns with global sustainability goals, influencing broader industrial practices and promoting greener automotive technologies.

Passenger Vehicle to Dominate the EV Battery Pack Cooling System Market (by Vehicle Type)

Passenger vehicles make up a significantly larger portion of the overall automotive market compared to commercial vehicles. This sheer volume contributes to a larger demand for EV battery pack cooling systems in the passenger vehicle segment. Consumer interest in and adoption of electric passenger vehicles have been stronger than that of electric commercial vehicles. Factors such as cost savings, environmental consciousness, and government incentives have driven this demand. The focus on developing advanced cooling systems has primarily been directed toward passenger vehicles due to their higher market share. Manufacturers often prioritize R&D efforts on passenger EVs to improve efficiency, range, and performance. All this is expected to drive the EV battery pack cooling system market during the forecast period 2023-2033.

Battery Electric Vehicle to Dominate the EV Battery Pack Cooling System Market (by Propulsion Type)

Battery electric vehicle (BEV) is expected to continue dominating the EV battery pack cooling system market. BEVs have been at the forefront of the electric vehicle revolution. They solely rely on battery power for propulsion, making their cooling system a crucial component for efficient and safe operation. Efficient cooling systems directly impact the range and performance of BEVs. Better thermal management enhances battery life, extends driving range, and allows for faster charging, making these systems pivotal for BEV success. While plug-in hybrid electric vehicles (PHEVs) and hybrid electric vehicles (HEVs) also utilize batteries and require cooling systems, their reliance on internal combustion engines alongside electric power might result in less stringent cooling system requirements compared to BEVs.

Liquid Cooling System to be Dominant in the EV Battery Pack Cooling System Market (by System Type)

Liquid cooling systems are highly efficient at managing temperature fluctuations within the battery pack. They can effectively dissipate heat from the cells, ensuring optimal operating conditions and enhancing the overall longevity and performance of the battery. For electric vehicles requiring high power output or performance (such as many passenger EVs), liquid cooling is often preferred due to its ability to manage higher heat loads more effectively compared to air-cooled systems. As battery capacities increase, such as in long-range EVs, liquid cooling becomes more crucial. It helps distribute the cooling effect evenly across a larger battery pack, maintaining consistent temperatures throughout. Ongoing advancements in liquid cooling systems, including the development of more efficient coolant materials and designs, have further reinforced their dominance in the market.

Key Market Players

Boyd CorporationDana LimitedE-MERSIVHanon SystemsWebasto GroupVOSS Automotive, Inc.Kreisel ElectricValeoVikas GroupTotalEnergies

Trends: Current and Future Impact Assessment

Rising Demand in Electric Vehicle IndustryAdvancements in Battery Technology

Market Dynamics

Market Drivers

Enhancing the Driving Range of Electric VehiclesThermal Management in Electric VehiclesEmerging Alternate Cooling Technology

Market Restraints

Higher Cost of EV Battery Pack Cooling SystemCompatibility and Integration Issues

Market Opportunities

Stringent Regulations by Government BodiesGaining a Competitive Edge through Innovation

For more information about this report visit https://www.researchandmarkets.com/r/aimmrg

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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SOURCE Research and Markets

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Luxor Expands LuxOS to MicroBT WhatsMiner, and MicroBT Intends for a Strategic Investment

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SEATTLE, April 26, 2026 /PRNewswire/ — Today, Luxor Technology Corporation (“Luxor”) announces the expansion of LuxOS firmware support to MicroBT WhatsMiner series miners, growing the LuxOS ecosystem. In addition, MicroBT, via its investment manager Inflection Technology Limited (“ITL”), has signed a term sheet to make a strategic investment into Luxor. Luxor has also committed to a US$100,000,000 purchase of MicroBT WhatsMiner hardware.

Luxor is working directly with a select group of mining partners to deploy and expand model support over time. With more than 300,000 Bitcoin mining machines already running LuxOS globally, Luxor brings to the WhatsMiner ecosystem the same enterprise-grade firmware infrastructure that large-scale mining operators rely on. MicroBT hardware represents a significant share of global Bitcoin mining capacity, and with this expansion, those operators now have access to flexible firmware features.

WhatsMiner fleets running LuxOS gain access to Power Targeting, Advanced Thermal Management, safe rapid curtailment, and faster ramp-up time — unlocking new capabilities beyond stock settings. Power Targeting delivers consistent, predictable performance across individual machines and makes infrastructure planning easier at scale. When shifting power targets, LuxOS completes the transition in 30-60 seconds while continuing to hash at higher hashrates — capturing additional hashrate. LuxOS also improves ramp-up time across curtailment events, reaching full capacity faster and reducing the unharvested hashrate lost every time machines cycle. Initial support spans select models in the M50 series. For the full list of supported models, visit docs.luxor.tech.

“We are excited to build on the MicroBT WhatsMiner platform. We are consistently impressed by their ability to execute with high-quality machines. Our clients have been asking for WhatsMiner firmware for years, and we have shipped a product that is going to help deliver significant profitability and usability benefits. We are also excited to welcome MicroBT as a strategic investor.”

— Lauren Lin, Head of Hardware and Software of Luxor

“Luxor has continued to be one of MicroBT’s trusted global partners. With their talented engineering team, we are excited they are building on top of the Whatsminer platform. We are happy to be taking a strategic position in Luxor and supporting their continued growth through this hardware partnership.”

— Dr.Yang, CEO and Co-Founder of MicroBT

Operators running LuxOS have access to Luxor’s full-stack mining experience: pool, hashrate derivatives, energy services, and Luxor Commander for fleet management — unified under a single platform. Commander includes Intelligent Miner, which keeps fleets running at peak profitability by continuously adjusting power settings based on real-time hashprice and energy prices.

Luxor is rolling out LuxOS for WhatsMiner in a phased approach, onboarding operations directly to ensure a high-quality deployment experience. Mining operations running WhatsMiner hardware can express interest in access at luxor.tech/contact.

About Luxor Technology Corporation

Luxor delivers hardware, software, and financial services that power the global compute and energy industry. Its product suite spans Bitcoin Mining Pools, ASIC Firmware, Hardware trading, Hashrate Derivatives, Energy services, a Miner Management software, Commander, and a bitcoin mining data platform, Hashrate Index.

If you are interested in contacting Luxor, please email sales@luxor.tech.

View original content:https://www.prnewswire.com/news-releases/luxor-expands-luxos-to-microbt-whatsminer-and-microbt-intends-for-a-strategic-investment-302753797.html

SOURCE Luxor Technology

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GLN Connects to Vietnam’s National QR Network, Enabling Nationwide QR Payments

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Direct access to Vietnam’s nationwide QR payment networkEnabling payments via partners’ home-market banking and fintech apps without currency exchange

SEOUL, South Korea, April 26, 2026 /PRNewswire/ — GLN International has launched a nationwide QR payment service in Vietnam in partnership with NAPAS, marking its direct integration into the country’s national QR payment infrastructure.

The service was introduced at a launch ceremony on April 23 in Vietnam, attended by the State Bank of Vietnam (SBV), NAPAS, BIDV, and Hana Bank.

GLN leads the operation of the payment system connected to Vietnam’s national QR network and has driven its technical integration, as part of Hana Financial Group’s cross-border initiatives. Hana Bank participates as the only Korean financial institution designated as a settlement bank under SBV approval.

Vietnam’s payment infrastructure is built on the VietQR Global system operated by NAPAS, linking banks and merchants nationwide. Through this integration, GLN enables users of partner apps to access the network, expanding acceptance. The partnership is also expected to support inbound use cases, allowing Vietnamese users to make QR payments in Korea via their local apps.

The service is available across tourist destinations, including Da Nang, Phu Quoc, Nha Trang, and Ho Chi Minh City, across everyday merchants. Payments can be made through GLN-connected partner applications, including major Korean fintech apps such as Toss, PurpleGLN, Hana OneQ, Hana Money, and Hana Card, without currency exchange. The service is expected to expand to platforms, including Naver Pay and KB Banking App.

Seok Lee, CEO of GLN, said, “This launch marks a significant step in connecting Korea and Vietnam through a unified QR payment infrastructure. By integrating with Vietnam’s national QR network, we enable a simple payment experience for travelers using the apps they already use in their home market, without currency exchange. We will continue to lead overseas payments and cash withdrawals without physical cards.”

Meanwhile, GLN, a subsidiary of Hana Bank under Hana Financial Group, provides QR payment and QR withdrawal services across 14 countries in Asia, including Vietnam, China, Thailand, the Philippines, Laos, and Japan, with access to more than 200 million QR merchants globally. The company is a leading cross-border payment infrastructure provider in Asia, connecting users and merchants across markets. It has also established partnerships with overseas financial platforms, including Moreta Pay (North America), DeCard App (Singapore), and Taishin Bank (Taiwan).

 

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SOURCE GLN International

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VARON Celebrates 5 Years Supporting Easier Breathing for Customers Worldwide

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NEW YORK, April 24, 2026 /PRNewswire/ — VARON is celebrating a meaningful milestone, its 5th anniversary, and is taking this moment to thank customers around the world who have trusted its oxygen therapy solutions over the years. What started as a mission to make breathing support more accessible has grown into a global community of users relying on VARON’s advanced oxygen machines in their daily lives.

This anniversary is not just about the company’s growth, but about the people behind it—the individuals and families who have chosen VARON for comfort, independence, and peace of mind.

Five Years of Supporting Easier Breathing and Everyday Living

Over the past five years, VARON has focused on one simple idea: making oxygen therapy easier to use, easier to move with, and easier to trust. From home use to travel needs, the brand has continued improving its range of oxygen machines to support different lifestyles and health needs.

Today, VARON offers a full lineup that includes compact portable oxygen concentrator models and reliable at home oxygen concentrator systems designed for long-term use. Many users also prefer VARON’s lightweight oxygen concentrator options, which allow more freedom of movement without sacrificing performance.

“Our customers are at the center of everything we do,” VARON CEO shared in a message marking the anniversary. “We are deeply grateful for the trust placed in us over the past five years. Every device we create is built with real people and real daily needs in mind.”

Designed for Real Life: Home and On-the-Go Oxygen Support

VARON’s oxygen solutions are designed to fit into everyday routines—whether at home, during travel, or while staying active.

At home users continue to rely on models like the Serene 5 Home Oxygen Concentrator, which delivers steady medical-grade oxygen with quiet operation and simple controls. The Serene 3 offers a compact option for those who want efficient oxygen support in a smaller footprint.

For users needing flexibility, the VH-2 Pro Home Oxygen Concentrator provides adjustable flow settings and added features like nebulization support, making it a practical choice for daily home use.

On the portable side, VARON continues to expand independence for users who need oxygen on the move. The VP-8G Ultra Portable Oxygen Concentrator stands out for its ultra-lightweight design at just 4.37 lbs, making it easy to carry while traveling or running errands. The VP-6 Continuous Portable Oxygen Concentrator and VP-2 Portable Oxygen Concentrator offer additional options with adjustable flow settings and dependable oxygen delivery.

Each portable oxygen concentrator is designed with user comfort in mind—lightweight, easy to operate, and built for mobility without stress.

A Simple Way to Say Thank You: Anniversary Discounts and Free Gifts

To celebrate its 5th year, VARON is launching a limited-time global appreciation event with special savings across its entire product range.

Customers can enjoy featured anniversary offers:

18% OFF sitewide across all oxygen machinesFree VARON gifts, including a $30 store gift card and extra nasal cannulas with every machine purchaseUp to 40% OFF selected featured productsAutomatic discounts applied at checkout—no codes needed

Customers can also save more with bundle options such as the VP-8G Super Bundle and extra battery packages for VP-6 and VP-2 models.

“These anniversary offers are our way of saying thank you,” VARON CEO shared. “We want to make it easier for more people to access reliable oxygen support at home and on the go.”

Looking Ahead with Customers at the Center

As VARON moves into its sixth year, the company remains focused on improving its oxygen therapy technology and expanding accessibility worldwide. Future development will continue to focus on making portable oxygen concentrator devices lighter, more efficient, and easier to use in everyday life.

The goal remains simple: to help more people breathe easier and live with greater confidence and independence.

About VARON

VARON is a trusted provider of oxygen therapy solutions, offering a wide range of at home oxygen concentrator systems, portable oxygen concentrator devices, and advanced oxygen machines designed for home, travel, and personal use. The company is committed to creating lightweight oxygen concentrator technology that supports comfort, mobility, and better quality of life.

For more information on VARON’s 5th anniversary offers and full product lineup, customers are encouraged to visit the official VARON website.

Media Contact:
VARON Oxygen Concentrator
Email: support@varoninc.com
Website: https://varoninc.com/

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SOURCE Varon oxygen concentrator

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