Electric Vehicle Liquid Cooling Plates (LCP) Market Size, Share, Growth, and Industry Analysis, By Type (Harmonica Tube Type Liquid Cooling Plates, Stamping Type Liquid Cooling Plates, Inflation Type Liquid Cooling Plates), By Application (Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV)), Regional Insights and Forecast to 2034

Electric Vehicle Liquid Cooling Plates (LCP) Market Overview

The Electric Vehicle Liquid Cooling Plates (LCP) Market size was valued at USD 1214.8 million in 2025 and is expected to reach USD 9781.48 million by 2034, growing at a CAGR of 29% from 2025 to 2034.

The Electric Vehicle Liquid Cooling Plates (LCP) Market refers to thermal management components integrated into EV battery packs. Battery cooling plates typically circulate coolant to manage heat generated during charging/discharging cycles; the global battery cooling plates market already reached a size reflecting USD 1.4 billion demand in 2024, showing strong base demand for EV cooling solutions. Demand for liquid cooling plates grows due to higher energy-density battery packs and rising adoption of battery thermal management systems (BTMS), with liquid cooling reported as the dominant cooling method by share compared to air.

Focusing on the USA electric vehicle liquid cooling plates market: the United States accounts for a significant portion of global EV battery cooling plate installations due to its strong EV manufacturing base and fast charging network adoption. Approximately 25–30% of global EV cooling plate demand is estimated to originate from North America, with the U.S. leading due to high EV penetration, regulatory emphasis on battery safety, and expanding fast-charging infrastructure supporting liquid cooling requirements.

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Key Findings

• Key Market Driver: 65 % of thermal management needs in high-capacity EV battery packs demand liquid cooling plates over air cooling.
• Major Market Restraint: 40 % of older EV models and low-cost models still rely on air-cooling systems, limiting penetration of liquid cooling plates.
• Emerging Trends: 55 % of new EV battery designs integrate direct-contact or advanced liquid cooling plate systems to support high-speed charging and thermal uniformity.
• Regional Leadership: Asia-Pacific holds approximately 50 % market share of new EV battery cooling plate installations globally.
• Competitive Landscape: Around 70 % of global EV OEM battery cooling plate sourcing is handled by top 10 suppliers providing liquid cooling systems.
• Market Segmentation: Liquid cooling plates dominate roughly 77 % of battery thermal management systems in EVs compared to air cooling or PCM-based solutions.
• Recent Development: 48 % of leading EV battery thermal designs launched in 2024–2025 utilize lightweight aluminum-based LCPs, reducing pack weight by 20–25%.

Electric Vehicle Liquid Cooling Plates (LCP) Market Latest Trends

The Electric Vehicle Liquid Cooling Plates (LCP) Market is witnessing rapid transformation driven by rising EV adoption, increased battery capacities, and demand for safe, efficient thermal management in high-performance EVs. As of 2024, the global battery cooling plate demand reached USD 1.4 billion, reflecting wide acceptance of liquid cooling plates among EV manufacturers.

A major trend is replacement of older air-cooling systems with liquid cooling plates: over 77% of new EV battery thermal designs in 2025 employ liquid cooling plates to ensure uniform temperature distribution and prevent overheating during high-capacity battery operation or fast charging.

Manufacturers are increasingly using lightweight materials such as aluminum and advanced alloys to build LCPs; these lightweight liquid cooling plates reduce battery pack weight by 20–25%, improving energy efficiency and driving range.

Another notable trend is the shift toward direct-contact cold-plate designs and enhanced coolant-channel optimization to maintain thermal uniformity within ±5 °C across battery cells — a requirement for large lithium-ion battery packs in EVs.

Furthermore, rising deployment of fast-charging infrastructure and high-power charging (350 kW and above) drives demand for advanced liquid cooling plates capable of handling elevated thermal load during rapid charge/discharge cycles. Many EV battery systems introduced in 2024–2025 now include liquid cooling plate architecture to support fast-charging capability.

Electric Vehicle Liquid Cooling Plates (LCP) Market Dynamics

DRIVER

Rising Demand for High-Capacity Batteries and Thermal Safety

In the context of electric vehicles, growing adoption of high-capacity lithium-ion battery packs (ranging from 50 kWh to over 100 kWh) results in substantial heat generation during charging/discharging cycles. As per recent industry data, liquid cooling plates represent the most effective solution for heat dissipation, outperforming air cooling, especially in high-energy-density battery configurations. These LCP systems manage uniform coolant flow, maintain cell temperatures within optimal range (e.g., 20–40 °C), and prevent thermal runaway — a critical safety and longevity consideration for EV battery packs.

As EV manufacturers pursue faster charging and higher performance, thermal management demands intensify. Liquid cooling plates enable rapid heat removal, maintaining battery health and performance. As a result, many battery module designs launched in 2024–2025 integrate LCP architecture, reflecting increasing B2B demand from OEMs and battery pack suppliers.

RESTRAINT

Complexity, Manufacturing Cost and Integration Challenges

Despite clear advantages, adoption of liquid cooling plates encounters restraints. Manufacturing LCPs involves complex processes — precision machining, coolant channel formation, sealing, leak-proof welding, and quality control. These manufacturing complexities increase production cost and require specialized tooling and expertise. As a result, some EV makers, especially in cost-sensitive or low-priced segments, continue relying on simpler air-cooling or passive PCM-based thermal solutions.

Integration challenges also occur: retrofitting LCPs in existing battery pack designs may require re-engineering of module layouts, coolant distribution networks, and battery housing — potentially increasing development time, testing, and validation efforts. Maintenance and safety also pose considerations: liquid coolant systems require certified technicians, leak detection, and coolant handling protocols to avoid chemical hazards or electrical risk.

OPPORTUNITY

Lightweight Materials, Advanced Cooling Designs and Fast-Charging Support

The Electric Vehicle Liquid Cooling Plates (LCP) Market holds strong opportunities through development of lightweight, high-conductivity materials, advanced coolant channel designs, and support for fast charging. Transitioning to lightweight aluminum or advanced alloys reduces pack weight by 20–25%, improving EV energy efficiency and driving range — a key selling point in B2B procurement and OEM design strategies.

Advances in direct-contact cold-plate designs, micro-channel layouts, and optimized coolant flow paths improve temperature uniformity and cooling efficiency, enabling high-capacity battery packs to operate safely under high load and high-speed charging. EV battery cooling systems using such advanced LCPs meet stringent thermal management requirements, making them attractive for premium and performance EV segments.

The global push towards fast-charging infrastructure (350–500 kW chargers) increases demand for reliable LCPs — as high thermal load during rapid charging necessitates superior cooling. Industry projections show fast-charging adoption growth, driving more EV makers to specify LCP-equipped battery systems.

CHALLENGE

Material Supply Constraints, Cost Pressure, and Regulatory/Environmental Concerns

A key challenge for the Electric Vehicle Liquid Cooling Plates (LCP) Market relates to material supply constraints and cost pressure. High-conductivity, lightweight materials such as aluminum alloys or specialized composites are required for efficient LCPs; fluctuations in raw material prices, supply bottlenecks, or trade restrictions can impact production costs and availability. This increases risk for manufacturers and may raise end-product prices, affecting adoption especially in cost-sensitive markets.

Environmental and regulatory concerns also pose challenges: liquid coolants (glycol mixtures or coolant fluids) must meet safety, disposal, and leakage standards. In regions with strict environmental regulations, coolant selection, disposal, and recycling must comply with local laws — adding complexity for global suppliers.

Segmentation Analysis

The Electric Vehicle Liquid Cooling Plates (LCP) Market can be segmented by type of cooling plate design and by application in vehicle propulsion types. These segments reflect how different designs and vehicle types influence demand for LCP solutions, enabling OEMs and suppliers to target B2B customers effectively.

By Type of Cooling Plate

• Harmonica Tube Type Liquid Cooling Plates: consist of serpentine or tube-based channels embedded within or beneath battery modules, offering flexibility in layout and moderate thermal efficiency. These are used in energy-density-balanced battery packs and mid-volume EVs.
• Stamping Type Liquid Cooling Plates: made via stamping and channel formation in metal plates, these offer uniform coolant flow distribution and consistent thermal contact for standard battery module layouts — widely used in mainstream EV battery designs.
• Inflation Type Liquid Cooling Plates: also known as pillow-plate or “inflation” plates, formed by welding two metal sheets and hydraulically inflating coolant passages — offering efficient coolant flow, high surface-area contact, and lightweight structure; preferred in high-performance or large battery packs.

By Application / Vehicle Type

• Battery Electric Vehicle (BEV): Fully electric vehicles rely heavily on LCPs, given high battery capacities and frequent fast charging needs. Demand for LCP solutions is especially high for BEVs with large battery packs (50 kWh and above) for thermal management, durability, and safety.
• Plug-in Hybrid Electric Vehicle (PHEV): PHEVs, with smaller battery packs than BEVs, also require thermal management, but demand for LCPs is more selective — often balancing cost, size, and performance. LCP adoption in PHEVs depends on battery size, discharge/charge cycles, and performance requirements.

Regional Outlook

Global demand for Electric Vehicle Liquid Cooling Plates (LCP) is unevenly distributed across regions, reflecting differences in EV adoption rates, manufacturing infrastructure, regulatory environments, and charging infrastructure penetration.

• North America shows mature adoption of LCP solutions, driven by regulatory demand, EV manufacturing, and fast-charging infrastructure deployment.
• Europe maintains stable demand, especially in Western European countries, with adoption driven by automotive OEMs, environmental regulations, and premium EV manufacturing.
• Asia-Pacific leads in volume due to massive EV production, high demand in China, South Korea, Japan, and growing EV markets in India and Southeast Asia, making it the largest regional consumer of LCP solutions.
• Middle East & Africa currently represent a smaller share, but growing interest in EV adoption, industrial vehicle electrification, and new manufacturing investments offer emerging growth potential for LCP deployment.

Now, region-wise detailed insight:

North America

North America is a significant market for EV Liquid Cooling Plates (LCP), contributing roughly 25–30% of global LCP demand in 2025. The region’s high EV adoption, increasing use of lithium-ion battery packs, and expanding fast-charging network drive significant LCP penetration. U.S.-based EV manufacturers increasingly specify liquid-cooled battery packs to meet thermal stability, safety, and performance standards; many new BEV models launched post-2023 use LCP-equipped battery systems. The prevalence of high-power EVs and demand for quick recharge support adoption of advanced cooling plates to manage battery thermal loads during charging.

Moreover, North American regulatory and safety standards for battery temperature management and thermal runaway prevention motivate OEMs to adopt liquid cooling solutions. Battery liquid cooling plates help maintain battery temperatures within safe operational limits (e.g. 20–40 °C) and ensure uniform cell temperature distribution, thereby improving pack longevity and reliability. The demand is also boosted by growth in heavy-duty EV segments, such as electric buses and commercial EVs, where larger battery packs require robust cooling solutions.

Europe

Europe accounts for approximately 20–24% of global demand for EV liquid cooling plates as of 2025, driven by widespread EV adoption, stringent environmental and safety regulations, and a strong presence of automotive OEMs integrating battery cooling plates in electric and hybrid models. High standards for battery thermal management in European markets, along with increasing adoption of BEVs and PHEVs, boost demand for LCP-equipped battery packs. Many European automakers introduced new EV models between 2023 and 2025 specifying liquid cooling plates for improved battery safety, consistent performance, and compliance with regulatory temperature and safety norms.

Additionally, Europe’s automotive supply chain — including component manufacturers, thermal system specialists, and battery pack integrators — supports strong local supply of LCPs. This supply maturity enables more cost-effective production of stamped or inflation-type liquid cooling plates, facilitating adoption even in mid-volume models.

Asia-Pacific

Asia-Pacific is the leading region in the Electric Vehicle Liquid Cooling Plates (LCP) Market, accounting for around 45–50% of global demand in 2025. This dominance stems from massive EV production and adoption in countries such as China, South Korea, Japan, India, and Southeast Asian nations. China — being the largest EV manufacturing hub — drives most of the region’s demand due to high-volume production, large battery pack deployment, and aggressive EV sales growth. Liquid cooling plates are increasingly specified in BEVs and PHEVs to meet thermal management requirements for high-density batteries and fast charging infrastructure roll-out.

In addition to passenger vehicles, Asia-Pacific’s rapidly growing commercial EV segments (electric buses, trucks, three-wheelers) rely on large-capacity battery packs and require efficient thermal management; LCPs are crucial for maintaining battery life and performance in these high-usage applications. The region’s supply chain — including aluminum and coolant plate manufacturers, thermal system specialists, and battery pack integrators — supports local manufacturing of LCPs, reducing dependency on imports and enabling cost-effective scaling.

Middle East & Africa

Middle East & Africa (MEA) currently comprise a smaller portion of global demand for EV liquid cooling plates — estimated at around 5–7% in 2025. EV adoption in MEA is comparatively lower, and the EV production base is less mature than in other regions; consequently, demand for LCP-equipped battery packs remains nascent. However, growing interest in electric commercial vehicles, public transport electrification (e-buses), and increasing investments in infrastructure provide emerging opportunities for LCP deployment.

In MEA, many EV models and public-transport conversions rely on imported battery modules; demand for liquid cooling plates arises when high-capacity battery systems are deployed in electric buses, trucks, or commercial EV fleets operating in high-temperature climates — where liquid cooling offers better thermal stability than air cooling. Local manufacturers and retrofit service providers are exploring adoption of LCPs for industrial, commercial, and specialty EV segments.

List of Top Electric Vehicle Liquid Cooling Plates (LCP) Companies

• Valeo — widely regarded as a top leader in EV liquid cooling plate manufacturing, supplying high-performance liquid battery coolers for prismatic and cylindrical lithium-ion battery packs across multiple regions (China, U.S., Europe).
• MAHLE — recognized as another top company with significant market share in EV liquid cooling plate supply, providing integrated thermal management solutions for electric vehicles.
• Hella
• Nippon Light Metal
• Modine Manufacturing
• ESTRA Automotive
• Mersen
• Bespoke Composite Panel
• Senior Flexonics, Priatherm
• Dana
• Kaweller
• SANHUA Automotive
• Yinlun
• Sanhua Intelligent Controls
• Songz Automobile Air Conditioning
• Nabaichuan Holding
• Cotran New Material
• Zhejiang Lurun Group

Investment Analysis and Opportunities

Investment in the Electric Vehicle Liquid Cooling Plates (LCP) Market presents strong opportunity for component manufacturers, thermal-system suppliers, and OEM supply-chain partners. As global EV adoption increases, and with battery capacities and fast-charging infrastructure scaling rapidly, demand for robust thermal management systems — primarily liquid cooling plates — will rise. The shift towards liquid cooling as the preferred BTMS, already evident with ~77% share in 2024 battery thermal systems, indicates a long-term secure B2B demand base.

Component makers who invest in lightweight, high-conductivity materials (e.g. aluminum alloys, advanced composites) and efficient coolant-channel designs can capture value as OEMs increasingly specify performance-based LCPs to enhance battery life, safety, and range. The opportunity expands further in regions adopting fast-charging infrastructure, where thermal load demands require superior cooling. For investors and manufacturers willing to scale production, emerging markets in Asia-Pacific and retrofit markets in Europe, North America, and MEA offer substantial growth potential.

Moreover, companies offering modular LCP solutions — compatible with different battery pack designs, materials, and coolant types — stand to benefit as EV platforms diversify across compact cars, SUVs, commercial vehicles, and heavy-duty EVs. The demand for customization, lightweight design, and thermal efficiency also provides room for niche suppliers focusing on premium or high-performance EV segments. For B2B buyers and OEMs, investing in supply relationships with leading LCP manufacturers, or integrating LCP design in battery pack engineering, offers competitive advantage in quality, safety, and thermal performance.

New Product Development

In recent years, EV battery thermal management has evolved with innovations in liquid cooling plates — focusing on lightweight construction, improved coolant flow design, and integration into battery modules. Manufacturers now produce aluminum-based LCPs that reduce battery pack weight by 20–25% while maintaining thermal conductivity and heat dissipation performance, improving overall vehicle efficiency and driving range.

Another innovation is the adoption of direct-contact cold plates and micro-channel coolant channel designs, improving coolant distribution and enabling uniform cell temperature across large battery packs. These designs help maintain temperature uniformity within ±5 °C across cells, critical for long battery life and consistent performance under high load or fast charging.

Hybrid thermal management systems combining liquid cooling with phase-change materials (PCM) or nanofluids are also under development: some systems embed PCM or aluminum foam between micro-channels to buffer temperature spikes and provide passive cooling when active cooling is not required. Early research indicates such hybrid systems reduce maximum battery temperature by several degrees under stress conditions, improving safety and extending battery life.

Five Recent Developments (2023–2025)

1. In 2024, the share of battery thermal designs using liquid cooling plates globally rose to 77%, up from ~70% in 2022 — signaling increasing preference over air cooling solutions.
2. In 2025, 50% of new EV battery packs introduced by leading OEMs in Asia-Pacific adopted lightweight aluminum-based liquid cooling plates, reducing pack weight by 20–25%.
3. The number of high-capacity battery packs (≥ 80 kWh) using direct-contact cold plates increased by 30% in 2024 compared to 2022, reflecting growing demand for efficient thermal management.
4. Implementation of fast-charging support: with growing 350 kW charger infrastructure, about 35% of EV models launched in 2025 specify advanced LCP-based thermal management to handle high charge rates without thermal degradation.
5. Rise in hybrid cooling development: in late 2024, several R&D programs introduced hybrid liquid-cooling + PCM/nanofluid systems aiming to cut peak battery temperature by 3–4 °C under high discharge, boosting battery cycle life by 6–15%.

Report Coverage of Electric Vehicle Liquid Cooling Plates (LCP) Market

This Electric Vehicle Liquid Cooling Plates (LCP) Market Report provides a comprehensive overview of the global industry, covering segmentation by cooling-plate type (Harmonica Tube Type, Stamping Type, Inflation Type) and by application (Battery Electric Vehicle – BEV, Plug-in Hybrid Electric Vehicle – PHEV). It quantifies adoption shares: liquid cooling holds ~77% share of battery thermal management systems globally, with LCP demand reaching USD 1.4 billion in 2024. Regional insights include North America, Europe, Asia-Pacific, and Middle East & Africa — highlighting regions’ share distributions, EV adoption trends, manufacturing infrastructure, and growth dynamics. The report underscores that Asia-Pacific currently dominates LCP demand (≈ 45–50% share), while North America and Europe represent significant but more stable consumption bases.

Top company profiling covers major LCP suppliers, with two leading companies — Valeo and MAHLE — identified as holding highest global market share in LCP manufacturing and supply, supplying battery cooling systems across multiple continents. The report also explores competitive landscape dynamics, supply-chain considerations, and adoption trends among OEMs and battery pack integrators.

Furthermore, the coverage includes analysis of technological developments — lightweight aluminum and alloy LCPs, direct-contact cold plates, hybrid cooling solutions integrating PCM or nanofluids, and modular LCP designs for battery-pack standardization. These innovations highlight how the Electric Vehicle Liquid Cooling Plates (LCP) Market is aligned with evolving EV battery requirements, fast charging infrastructure, and regulatory focus on safety and thermal performance.