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Battery Cooling Plate Market to Reach $9.8 Billion, Globally, by 2033 at 14.9% CAGR: Allied Market Research

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The expansion of renewable energy storage is a significant driver for the battery cooling plate market. Efficient energy storage solutions are essential as renewable energy sources like solar and wind power 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., Aug. 27, 2024 /PRNewswire/ — Allied Market Research 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, 2024-2033″. According to the report, the battery cooling plate market was valued at $2.5 billion in 2023, and is estimated to reach $9.8 billion by 2033, growing at a CAGR of 14.9% from 2024 to 2033.

Download PDF Brochure: https://www.alliedmarketresearch.com/request-sample/A31426 

Prime determinants of growth

The global battery cooling plate market is experiencing growth due to increasing adoption of electric vehicles. However, high manufacturing costs associated with battery cooling plates hinder the market growth to some extent. Moreover, the expansion of renewable energy storage solutions presents additional opportunities for the battery cooling plate market.

Report coverage and details:

Report Coverage

Details

Forecast Period

2024–2033

Base Year

2023

Market Size in 2023

$2.5 billion

Market Size in 2033

$9.8 billion

CAGR

14.9 %

No. of Pages in Report

300

Segments Covered

Material Type, Technology Type, Application and Region.

Drivers

Rise in adoption of electric vehiclesExpansion of renewable energy storage

 

Opportunity

Advancements in battery technology and design

 

Restraint

Complexity in integration

 

Composite materials segment is projected to maintain its dominance by 2033

By material type, the composite materials segment held the highest market share in 2023 and is likely to retain its dominance throughout the forecast period. The increase in demand for composite materials in the battery cooling plate market is driven by several factors. Firstly, composite materials offer superior thermal conductivity and heat dissipation properties compared to traditional metals, making them ideal for efficiently managing heat in battery systems. Secondly, composites are lightweight, which helps to reduce the overall weight of battery cooling plates and improves the energy efficiency of electric vehicles and renewable energy storage systems. Lastly, composites can be tailored to specific design requirements, offering flexibility and customization in battery cooling plate applications, thereby enhancing performance and reliability.

Procure Complete Report (300 Pages PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/3ADcoky 

Liquid cooling plates segment is projected to maintain its dominance by 2033

By technology, the liquid cooling plates segment held the highest market share in 2023 and is likely to retain its dominance throughout the forecast period. The increasing demand for liquid cooling plate technology in the battery cooling plate market is driven by its superior efficiency in thermal management. Liquid cooling plates offer enhanced heat dissipation capabilities, ensuring optimal battery performance and longevity, especially in high-energy-density applications like electric vehicles (EVs) and renewable energy storage systems. As EV adoption accelerates and battery technology advances, the need for effective cooling solutions becomes critical. Liquid cooling plates are also favored for their ability to maintain stable temperatures under heavy loads, reducing the risk of thermal runaway and enhancing overall battery safety and reliability.

Electric vehicles segment is projected to maintain its dominance by 2033

By application, the electric vehicles segment held the highest market share in 2023 and is likely to retain its dominance throughout the forecast period. The increasing demand for electric vehicles (EVs) significantly drives the battery cooling plate market. As EV production scales up, the need for efficient thermal management systems becomes paramount to ensure battery safety, performance, and longevity. Battery cooling plates are essential in preventing overheating and maintaining optimal battery temperatures. Government incentives and stringent emission regulations further accelerate EV adoption, enhancing the demand for advanced cooling solutions. Additionally, advancements in battery technology, leading to higher energy densities, necessitate more effective cooling mechanisms, thereby boosting the growth of the battery cooling plate market.

Asia-Pacific was the fastest-growing region in terms of revenue in 2023

Based on region, Asia-Pacific was the fastest-growing region in terms of revenue in 2023. The demand for battery cooling plates in the Asia-Pacific region is increasing due to several key factors. The rapid growth of the electric vehicle (EV) market, driven by government incentives and a strong push towards sustainable transportation, is a major contributor. Countries like China, Japan, and South Korea are leading in EV production and adoption, necessitating efficient battery cooling solutions. Additionally, the expansion of renewable energy projects in the region, including solar and wind power, requires advanced battery storage systems that rely on effective thermal management. These developments are fueling the demand for battery cooling plates to ensure optimal performance and safety.

For Purchase Inquiry: https://www.alliedmarketresearch.com/battery-cooling-plate-market/purchase-options 

Leading Market Players: –

KenFa TechZhejiang Sanhua Automotive Components Co., Ltd.Kingka Tech Industrial LimitedBespoke Composite PanelsDana LimitedESTRA AutomotiveHELLA GmbH & Co. KGaANippon Light Metal Holdings Co., Ltd.MAHLE GmbHMODINE MANUFACTURING COMPANY

The report provides a detailed analysis of these key players in the global battery cooling plate market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:

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EcoFlow Reveals OCEAN 2 at Solar & Storage Live London 2026 as Demand Grows for Smarter, Scalable Home Energy

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Next-generation EcoFlow OCEAN 2 Plus Single-Phase system unveiled, designed for a new era of scalable, whole-home energy, supporting up to 12kw AC outputStorage capacity expandable up to 300 kWh, with 10,000 cell-cycle battery lifespanEngineered for faster installation and lower ongoing energy lossAdvanced solar optimisation with triple MPPT architecture for complex UK rooftopsExclusive preview of upcoming OCEAN 2 products and EcoFlow STREAM technology at the event

BIRMINGHAM, United Kingdom, April 28, 2026 /PRNewswire/ — EcoFlow is set to unveil OCEAN 2 Plus, its next-generation home battery system, at Solar & Storage Live London 2026, taking place at ExCeL London from 29–30 April.

Positioned at the intersection of performance, scalability and intelligent energy management, OCEAN 2 represents a significant step forward for residential energy systems in the UK – designed not just to meet today’s demand, but to evolve alongside it. As the market shifts towards more flexible, decentralised energy models, EcoFlow is delivering systems that scale from everyday households through to high-demand, fully electrified homes.

At the event, EcoFlow will also offer attendees an exclusive first look at upcoming additions to the OCEAN 2 series, alongside a showcase of its STREAM technology, reflecting growing momentum behind small-scale and emerging solar solutions in the UK.

EcoFlow OCEAN 2 Plus Single-Phase has been designed with long-term flexibility at its core. A single system can start small and expand over time, supporting up to 300 kWh of storage capacity when configured in parallel. This enables the system to move beyond traditional residential use cases, supporting larger homes with electric vehicles, heat pumps, and increasing electrification demands. With a 10,000-cycle battery lifespan, the system is built to deliver consistent performance and savings over many years of operation.

Performance has also been optimised for real-world UK conditions. With three independent MPPTs, OCEAN 2 is able to maximise solar generation across rooftops with multiple orientations or partial shading, ensuring more consistent energy capture throughout the day. Each string supports high input capacity, enabling installers to design more efficient, higher-yield systems without compromise.

Efficiency extends beyond generation. OCEAN 2 has been engineered to minimise its own energy consumption, operating at just 50W during light-load discharge. While often overlooked, this reduction in baseline energy use contributes to meaningful long-term savings, with estimated lifetime energy savings reaching up to 6,000 kWh over a 15-year period.

Installation has been streamlined throughout. With a compact form factor, integrated components and reduced on-site complexity, OCEAN 2 is designed to save time at every stage, from handling and positioning through to commissioning. At 46kg per battery pack, and with support for both indoor and outdoor installation, the system provides practical flexibility for installers working across a wide range of property types.

Whole-home backup functionality is built in as standard, with seamless switching designed to maintain power continuity across essential systems. This is complemented by a multi-layered safety architecture, combining both passive and active protection mechanisms across the battery system, alongside a 15-year warranty designed to support long-term peace of mind.

At the system level, OCEAN 2 integrates into EcoFlow’s wider Home Energy Ecosystem, connecting solar generation, storage, and smart home technologies into a single intelligent platform. Through its Home Energy Management System, the system can automatically optimise when to store and use energy based on demand and dynamic electricity tariffs, helping households reduce reliance on the grid while improving overall energy efficiency.

Craig Bilboe, Head of Residential UK&ANZ for EcoFlow said:

“UK homes are changing quickly. We’re seeing more electric vehicles, more heat pumps, and more people wanting to use their own solar more effectively. OCEAN 2 Plus Single-Phase has been built for that reality. It gives installers a system that’s quicker to work with, and gives households the ability to store more, use more, and expand over time without replacing what they already have. Alongside that, technologies like STREAM are opening the door for people who want to start smaller, making solar more accessible in a way we haven’t really seen in the UK before.”

Visitors to the EcoFlow stand will be able to experience live demonstrations of OCEAN 2 Plus Single-Phase, explore upcoming product developments, and speak directly with EcoFlow’s technical and commercial teams.

To register or learn more, visit: https://lnkd.in/g6RxBPmB

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XTM International Appoints New CMO and VP of Engineering to Accelerate AI-Driven Growth

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Niki Sotiropoulou joins as Chief Marketing Officer and Sean Mooney as Vice President of Engineering, reinforcing XTM’s commitment to AI-driven product innovation and global enterprise growth.

LONDON, April 28, 2026 /PRNewswire/ — XTM International, a global leader in AI-driven localisation technology, today announced two strategic additions to its executive leadership team. Niki Sotiropoulou has been appointed Chief Marketing Officer (CMO), and Sean Mooney joins as Vice President of Engineering, leading engineering execution across XTM’s expanded product portfolio.

“Adding leaders of Niki’s and Sean’s calibre is a clear signal of XTM’s ambitions for the next phase of growth,” said Lorcan Malone, Chief Executive Officer of XTM International. “Niki brings the strategic marketing leadership to amplify the value our platform delivers to enterprise customers, while Sean brings the engineering depth to accelerate how quickly we ship that innovation. Together, they will help us extend our lead in AI-driven localisation.”

Niki Sotiropoulou — Chief Marketing Officer

Niki Sotiropoulou is a marketing leader focused on the intersection of AI, data and enterprise growth. Across more than two decades in both B2B and B2C, including pivotal roles at market-leading companies such as viva.com and eSHARE, she has built a reputation for aligning marketing strategy with overarching business objectives, and for using data and modern marketing technology to deliver measurable commercial impact. Her contribution to the field has been recognised through her inclusion among the industry’s top marketing influencers.

As CMO, Niki will lead XTM’s global marketing organisation, embedding AI and data across brand strategy, demand generation and customer-facing communications as the company delivers on its composable, AI platform mission.

“Marketing is most effective when it is grounded in data and amplified by AI,” said Sotiropoulou. “XTM is doing genuinely category-defining work in AI-driven globalisation platform, and my focus is on bringing the same rigour to how we tell that story, by building a marketing organisation that is data-driven, AI-augmented, and clearly tied to the outcomes our customers care about.”

Sean Mooney — Vice President of Engineering

Sean Mooney is a highly experienced technology leader specialising in cloud, connected services, technical architecture, systems integration and product modernisation. He brings 25 years of industry experience and a proven track record of delivering complex, concurrent strategic programmes on time, on budget and to specification. Sean will lead engineering execution across XTM’s R&D function, including development, QA, support and architecture teams in Ireland and across XTM’s global hubs.

“Great products are built by great teams,” said Mooney. “XTM has a clear AI-driven product vision, an exceptional engineering culture, and a customer base that depends on us to deliver. My role is to make sure our R&D organisation operates at the standard our customers expect : combining engineering excellence, modern architecture and a culture of continuous improvement so we can ship innovation at the pace this market demands.”

About XTM International

XTM International is your AI globalisation platform that transforms language from a barrier into an opportunity. We bring translation management, business management, software localisation, and video creation together into a composable system, giving enterprises the flexibility to adopt the solutions they need, when they need them. Trusted by over 1,300 global companies, supporting more than 880 languages and over 80 ready-to-go integrations, XTM enables teams to scale global content with accuracy, speed, and absolute trust.

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Loftie Launches Loftie+ Habit System to Help People Put Their Phones Down

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LONDON, April 28, 2026 /PRNewswire/ — Loftie, maker of the award-winning alarm clock that replaces the smartphone on the nightstand, today launches Loftie+ — a behaviour-change system built to change habits, not track data.

Over half of UK and Irish adults stay up later than planned because of their phones — rising to 73% of 18- to 24-year-olds in the UK (Deloitte, 2024). The sleep industry’s answer: sell people a tracker and a score.

“The sleep industry is obsessed with measurement,” said Matt Hassett, founder and CEO of Loftie. “People are staring at a dozen numbers every morning trying to figure out why they feel terrible — while the phone that’s wrecking their sleep is the same device giving them the score. We’re not interested in adding more data. We’re interested in helping you put the phone down.”

Loftie+ is a mobile app (£9.99/€9.99 monthly or £59.99/€59.99 yearly) that works on its own — no Loftie hardware required. It combines nightly app blocking, daytime focus tools, and screen-time challenges, plus a credit card-sized Loftie Card for your wallet and a free browser extension.

At night: the app schedules blocking around sleep in three phases — Relax, Sleep, and Rise — guiding users from wind-down to wake-up with minimal phone interference.

During the day: the Loftie Card triggers Focus mode with a single tap — at your desk, before a meeting, when the kids get home. Unlike screen-time apps that stay on a shelf at home, the Card lives in your wallet, with you wherever you need to focus.

A free home screen widget, Flip, replaces your phone’s app grid with just the apps you choose — no icons, no distractions.

Loftie+ builds on a platform serving over 15,000 members across curated audio, personalised bedtime stories, and wind-down routines. For Loftie hardware owners, an optional feature called Loftie Drift blocks selected apps automatically when you enter the bedroom, using Bluetooth from your Clock or Lamp.

Loftie+ is available now on iOS and Android across the UK and EU. The browser extension and Flip are free.

About Loftie

Loftie is a sleep wellness brand designing products that help people put their phones down — for deeper sleep at night and better focus by day. The line includes the Loftie Clock, Loftie Lamp, and Loftie+. The Loftie Clock has been named a TIME Best Invention, recommended by Wirecutter five years running, and is carried at MoMA Design Store, Goop, and URBN.

Website: loftie.com

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