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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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PEAC Institute Launches “24 Hour Pause for Peace: A Global Concert”

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24 Hour Pause for Peace Will Be the Largest Peace Initiative Ever Worldwide, Unifying 96 Countries on Six Continents Through Music

MONTCLAIR, N.J., Sept. 21, 2024 /PRNewswire-PRWeb/ — On this International Day of Peace, PEAC Institute, part of the 2017 Nobel Peace Prize winning team, has launched “24 Hour Pause for Peace: A Global Concert,” the largest peace initiative ever organized worldwide through music.

“Now, we need companies, government entities, other nonprofits and donors who care about our cause for peace to join us in lifting up the biggest event of this generation.”

On October 4, 2025, this ground-breaking program will activate a massive network of youth ensembles that spans 96 countries and territories across six continents and host two 24-hour commercial festivals featuring some of the biggest acts in music and entertainment. This extraordinary day-long event will be live-streamed globally, allowing millions to participate simultaneously.

“It has been 40 years since Live Aid and We Are the World historically unified and changed the world through music,” said Rebecca Irby, president and CEO of PEAC Institute. “With our planet riddled with post-pandemic fatigue, climate chaos, unsettling wars and more, we believe it is time to create a new trajectory for humanity by inviting everyone around the globe to a 24 hour pause for peace to enjoy the sounds of music and feel the transformative power of human connection,” Irby explained.

Additionally, 24 Hour Pause for Peace plans to amass more than 100 million ambassadors to sign an appeal to the United Nations calling for a 24 hour ceasefire during the children’s concerts and commercial music events. All countries are welcome to participate with no exceptions. One of Pause for Peace’s core beliefs is everyone has the right to be equally respected and heard, particularly in collectively calling for peace.

“Achieving this ambitious global endeavor requires the support and participation from the most impactful brands, organizations, and influential leaders, artists and celebrities,” said Jennifer McKenna, 24 Hour Pause for Peace CEO.

Pause for Peace is a $165 million global initiative. Currently, it is in its first phase of raising seed capital through consumer brand-aligned sponsorships and private donors. Funding for the program is tax-deductible through PEAC’s 501(c)(3) status.

“We have assembled an exceptional executive team of change agents in entertainment, production, consumer marketing, charitable development and global security to make this extraordinary, worldwide peace event happen.” McKenna added. “Now, we need companies, government entities, other nonprofits and donors who care about our cause for peace to join us in lifting up the biggest event of this generation.” To become involved in 24 Hour Pause for Peace: A Global Concert as a sponsor, partner or donor, sign up to be an Ambassador, or for more information, go to www.24hourpauseforpeace.org.

About PEAC Institute

PEAC Institute is a 501(c)(3) nonprofit organization based in the United States. PEAC stands for peace, education, art and communication. It was formed in 2016 through a campaign with partner organization, International Campaign to Abolish Nuclear Weapons (ICAN), which garnered a 2017 Nobel Peace Prize. PEAC now holds special consultative status with the Economic and Social Council of the United Nations and has a global presence working with countries and territories worldwide to reach the most marginalized youth through art and communication activities to help them explore and express. For more information on PEAC Institute, go to www.peacinstitute.org.

Media Contact

Chadwick Boyd, Pause for Peace, 1 4046060611, chadwick@24hourpauseforpeace.org, www.24hourpauseforpeace.org

View original content to download multimedia:https://www.prweb.com/releases/peac-institute-launches-24-hour-pause-for-peace-a-global-concert-302254527.html

SOURCE Pause for Peace

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Global Times: China opens 12 nuclear research facilities to global scientists

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The involved facilities span areas such as basic nuclear research, isotope production, nuclear environment simulation, equipment testing, and radioactive waste treatment and disposal.

VIENNA, Sept. 21, 2024 /PRNewswire/ — China will open 12 nuclear research facilities and testing platforms to international scientists and institutions to enhance global cooperation, a senior Chinese official said here on Monday.

These include the China Advanced Research Reactor, the new-generation tokamak device Huanliu-3, and the Beishan Underground Research Laboratory, Liu Jing, vice chairman of the China Atomic Energy Authority (CAEA), said at a meeting on the sidelines of the International Atomic Energy Agency’s (IAEA) annual general conference.

The facilities span areas such as basic nuclear research, isotope production, nuclear environment simulation, equipment testing, and radioactive waste treatment and disposal.

Monday’s meeting, themed “Share for Development,” was organized by the CAEA to promote international cooperation in nuclear technology research and development, as China marks the 40th anniversary of its accession to the IAEA.

Yu Jianfeng, chairman of China National Nuclear Corporation, said at the event that the company aims to deepen cooperation with the IAEA and expand international collaboration. He expressed hope that opening China’s nuclear research facilities will contribute to advancing nuclear technology globally.

IAEA’s Deputy Director General Mikhail Chudakov commended China’s remarkable achievements in nuclear energy development and highlighted the long-standing, fruitful relationship between the IAEA and the CAEA.

Welcoming China’s decision to open up more of its nuclear research and development facilities, Chudakov said the move will further strengthen the agency’s technical capacity to support its member states.

On Monday evening, the CAEA and China’s permanent mission to the United Nations (UN) and other international organizations in Vienna jointly held a reception at the UN headquarters in Vienna to celebrate the 40th anniversary of China’s accession to the IAEA. More than 200 participants, including IAEA representatives and foreign envoys to Vienna, attended the event.

Li Song, China’s permanent representative to the UN and other international organizations in Vienna, said at the reception that China and the IAEA have expanded practical cooperation and jointly promoted the development of nuclear energy over the past 40 years.

China, he said, will continue to strengthen collaboration with the IAEA and its member states to address emerging challenges in international security, safeguard the global non-proliferation regime, and promote the use of nuclear energy and technology for the benefit of the Global South.

At the reception, Liu, Li and IAEA Director General Rafael Grossi jointly unveiled a bronze statue of Qian Sanqiang, a renowned Chinese nuclear physicist and one of the founders of China’s nuclear industry.

The statue, donated by China, will be permanently displayed at the IAEA headquarters, alongside sculptures of Polish-French physicist Marie Curie and other prominent figures who have made significant contributions to the peaceful use of nuclear energy.

Contact: xutianshu@globaltimes.com.cn

View original content:https://www.prnewswire.com/news-releases/global-times-china-opens-12-nuclear-research-facilities-to-global-scientists-302254830.html

SOURCE Global Times

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The Ar-King of Spirits: Ed Arking’s Impact on the Liquor Industry

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In the interest of providing luxury liquors in a convenient and stress-free format, Served Neat was born. When asked about his intentions for the company, Ed states, “My goal with Served Neat is to create a one-stop shop where customers can easily discover these rare gems.”

MOORESTOWN, N.J., Sept. 21, 2024 /PRNewswire-PRWeb/ — Served Neat is an emerging online platform with a curated selection of some of the world’s most popular luxury spirits. The website offers daily flash deals that highlight a variety of high-end international brands including Pappy Van Winkle, Buffalo Trace, Clase Azul, and more.

“While there are websites selling spirits, none have the decades of experience that we bring from WTSO. Served Neat will offer not only incredible bottles but also the best customer service in the industry.”

Ed and Joe Arking, the father-son team behind the concept of Served Neat, have decades of experience hand-selecting and supplying sought-after liquors. Ed Arking, CEO of New Jersey’s Roger Wilco, grew up in the world of wine and spirits and formed his own business aspirations.

“Growing up, I watched my father navigate and succeed in the ever-evolving wine and spirits industry,” Ed explains. “While I always aspired to create something similar, I knew I needed to wait for the right moment.” Ed has gone on to manage his own liquor store and lead projects for up-and-coming brands, such as the vodka-infused and non-carbonated Smooth Water.

As he evolved in his career, Ed discovered the perfect time to make his lifelong vision a reality. He recalls, “I noticed a gap in the market—especially for whiskey and tequila. These categories have surged in popularity, making it difficult for the everyday consumer to find those elusive sought-after allocated bottles.”

In the interest of providing luxury liquors in a convenient and stress-free format, Served Neat was born. When asked about his intentions for the company, Ed states, “My goal with Served Neat is to create a one-stop shop where customers can easily discover these rare gems.”

When it comes to Served Neat, quality and knowledge is key. Ed adds, “While there are websites selling spirits, none have the decades of experience that we bring from WTSO. Served Neat will offer not only incredible bottles but also the best customer service in the industry.”

Served Neat is the sister company to WTSO and The Wine Market, two online platforms dedicated to sourcing and distributing top-notch wines from every corner of the globe.

At The Wine Market, an online marketplace for the world’s most popular wine brands, convenience and quality are key. Each bottle in their curated collection is a testament to exceptional flavor and craftsmanship.

Since 2006, WTSO has enjoyed creating a unique wine experience and sharing it with new beginners and seasoned connoisseurs alike. Using an extensive network of wineries and wine makers, WTSO connects customers to thousands of brands from top wine appellations around the globe. The strong relationships they’ve formed within the wine world allow the business to deliver authentic and high-quality bottles to homes across the United States.

Wine and spirits lovers alike are invited to explore Served Neat, WTSO, and The Wine Market to find their next favorite bottle. Visit their websites to learn more about these one-of-a-kind online marketplaces!

Media Contact

Julie Blount, WTSO, 1 8669572795, marketing@wtso.com

View original content to download multimedia:https://www.prweb.com/releases/the-ar-king-of-spirits-ed-arkings-impact-on-the-liquor-industry-302254517.html

SOURCE WTSO

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