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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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4 months ago

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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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Wilmington, New Castle,
Delaware 19801 USA.
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Madison Liquidators Launches Office Essentials to Highlight Necessities Nationwide

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January 7, 2025

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MADISON, Wis., Jan. 7, 2025 /PRNewswire/ — Madison Liquidators, a trusted name in online office furniture solutions, is excited to announce the launch of its Office Essentials campaign, a targeted initiative to help businesses and individuals create productive, ergonomic, and stylish work environments. The Office Essentials campaign focuses on providing high-quality, affordable office furniture basics tailored to the needs of modern workplaces. Madison Liquidators aims to simplify the shopping experience for office must-haves while delivering exceptional value to customers.

Some of the major highlights of the Office Essentials Campaign will include curated product lines, special promotions, as well as expert guidance. Curated product lines feature handpicked selections of office desks, chairs, storage solutions, and accessories from top brand partners. Expert guidance will be the crowning force in the essentials campaign as Madison Liquidators has always prioritized customer service. With this in mind, the expert guidance focus of the campaign offers personalized support from the company’s customer support team to help shoppers find the perfect solutions for their space and budget.

The Office Essentials campaign is an excellent time for businesses large and small to optimize their office space with everything they need to create a productive office space. This means the campaign will feature common items such as l-shape desks, ergonomic office chairs, storage cabinets, and conference tables. This will provide offices not only an incentive to update their spaces with quality office furniture but also to help new businesses understand other items necessary to office productivity like monitor arms, laptop stands, desk accessories, and keyboard trays.

The Office Essentials campaign is live now, with new products and deals updated on the Madison Liquidators website. The homepage has a tab dedicated to Office Essentials for shoppers to quickly navigate the essentials.  Since 2015, Madison Liquidators has been a leading provider of office furniture and solutions, offering a vast inventory of high-quality products to businesses and individuals nationwide. Known for its dedicated customer service, Madison Liquidators is dedicated to enhancing workspaces with furniture that marries efficiency with employee comfort and well-being.

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SOURCE Madison Liquidators

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BSI Financial Services SVP Allen Price Joins IMN Home Equity Investment Advisory Board

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59 minutes ago

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January 7, 2025

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IRVING, Texas, Jan. 7, 2025 /PRNewswire/ — BSI Financial Services, a national mortgage fintech platform, today announced that Allen Price has been selected to join the IMN Home Equity Investment Advisory Board. Price, who serves as senior vice president of sales, client and transaction management at BSI Financial Services, is the first mortgage servicing executive appointed to the Board.

The IMN Home Equity Investment Advisory Board is comprised of thought leaders and key stakeholders from servicing, capital markets, HEI originations and rating agency organizations who are dedicated to advancing the primary and secondary markets through innovation and strategic collaboration. Price’s position on the Advisory Board reflects BSI Financial’s growing prominence in the HEI space. BSI is a rated servicer that provides both full and backup servicing and asset management for rated and non-rated HEI backed securitizations, as well as non-securitized HEI assets. BSI Financial also services traditional home equity lines of credit (HELOC) and closed-end second lien loan products.

“I am deeply honored to join the IMN Home Equity Investment Advisory Board and to collaborate with such an accomplished group of mortgage and capital markets professionals,” Price said. “This opportunity allows me to continue to provide thought leadership and innovation to this very important and growing sector while bringing to the table BSI Financial’s unique perspective and expertise in servicing HEI assets.”

BSI Financial’s proprietary technology stack, including Libretto and BSI ASSET360, differentiates the company from other servicers. Libretto automates daily quality control, reducing processing errors and identifying potential issues before they impact customers. BSI ASSET360 provides lenders and investors with real-time visibility into asset status and performance. These systems help build consumer, originator, regulatory and investor confidence in the growing HEI sector.

BSI Financial has experienced substantial growth in its servicing portfolio of HEI assets. The company now services approximately $2.1 billion in unpaid principle balances across 22,000 units, establishing itself as a servicing industry leader in the home equity investment asset class.  

“Building world-class servicing operational processes to support the unique and bespoke nature of HEI assets that will provide homeowners with greater financial flexibility is exactly what BSI is all about,” said Harold Lewis, President and COO of BSI Financial Services.

For more information about BSI Financial Services and its contributions to the HEI market, visit https://bsifinancial.com/lender_landing_hei.html.

About BSI Financial Services 
BSI Financial Services is leading the evolution of mortgage servicing for originators, investors, and homeowners using a mortgage fintech platform. The company brings together a talented team with long mortgage industry expertise, scalable digital capabilities, and deep regulatory understanding. BSI Financial is one of the fastest-growing mortgage servicers across the industry and currently services nearly $50 billion in mortgages. The company is approved as a servicer by Fannie Mae, Freddie Mac, FHA, VA, and USDA, approved as an issuer by Ginnie Mae, and rated by S&P, Fitch and DBRS as a servicer. For more information, visit www.bsifinancial.com

PRESS CONTACT FOR BSI:
Mary McGarity
Strategic Vantage Marketing & Public Relations
203-260-5476
MaryMcGarity@StrategicVantage.com

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SOURCE BSI Financial Services

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BLAZE® POS Integrates with Sage to Streamline Accounting for Enterprise Cannabis Retailers

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59 minutes ago

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January 7, 2025

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Streamlining Cannabis Retail Accounting with Automation and Real-Time Financial Insights

LOS ANGELES, Jan. 7, 2025 /PRNewswire/ — BLAZE®, a leading cannabis software platform, announces its integration with Sage, the leader in accounting, financial, HR, and payroll technology for small and mid-sized businesses. This integration enables efficient accounting workflows and enhanced financial visibility across several retail locations.

With this integration, cannabis retailers can complete daily accounting tasks with just a few clicks. The integration, facilitated by Alembic Computer Services, Inc.’s software connector, also provides detailed, store-level financial data across multiple states, empowering enterprise retailers to make informed decisions and scale effectively.

Completed purchase orders are seamlessly converted into vendor bills, with new vendors automatically added to the system. Daily sales and COGS data are mapped by product type and synced directly to Sage Intacct, ensuring accurate financial records while saving time and reducing errors.

Key Benefits of the Integration:

Simplify Daily Accounting: Automate transaction postings and reconciliations to streamline workflows.Location-Based Insights: Offers detailed views of financial performance across individual stores.Compliance-Ready Reporting: Ensures accuracy and meets regulatory requirements.

“Cannabis retail enterprises face unique accounting challenges as they scale,” said Chris Violas, CEO of BLAZE. “Our integration with Sage Intacct is a key part of our vision to empower enterprise cannabis retailers with seamless tools for managing their bookkeeping. By implementing automation, we’re providing businesses with a faster, more efficient way to close their books, enabling them to focus on growth and delivering exceptional customer experiences.”

This collaboration highlights BLAZE’s commitment to providing innovative tools that meet the evolving needs of the cannabis industry.

For more information, visit the BLAZE + Sage Integration Page

About BLAZE®
Founded in 2015 by technology and cannabis entrepreneurs, BLAZE powers cannabis retail operations with intuitive technology solutions. The award-winning BLAZE software suite provides point-of-sale, delivery, e-commerce, mobile apps, and integrated payments to cannabis retailers across North America. Built for enterprise-level retailers, BLAZE continues to set the gold standard for customer service and innovation. BLAZE has ranked in the Inc. 5000 Fastest Growing Private Companies in 2023 and 2024 and recently received the Kind Award for Best POS in Canada and a Cannatech Innovation Award for Scan to Shop.

Contact: Press@blaze.me

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SOURCE BLAZE

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