Chan Ye Xin Xi Wang·2026-02-26 01:23Core Insights - The Chinese battery liquid cooling plate industry is entering a high-growth, high-competition phase driven by the booming electric vehicle (EV) market, with a projected market size of 12.433 billion yuan in 2024, representing an 8.73% year-on-year growth [1][10] - The growth is primarily fueled by downstream applications, particularly in the EV sector, which is expected to see nearly 30% year-on-year growth in production and sales by 2025 [1][8] - The energy storage system is another significant growth market, driven by the increasing installation of wind and solar power, leading to a rapid demand for standardized cooling plates [1] Industry Overview - Battery liquid cooling plates are critical components of liquid thermal management systems, designed to efficiently manage heat generated during battery charging and discharging [1] - The main types of battery liquid cooling plates include stamped, extruded, and accordion tube types, each with unique advantages and disadvantages [3] Industry Value Chain - The upstream of the battery liquid cooling plate industry includes raw materials such as aluminum alloy plates, copper materials, and production equipment [4] - The midstream involves the manufacturing of battery liquid cooling plates, while the downstream applications span across electric vehicles, energy storage systems, and data centers [4] Market Size - The market for battery liquid cooling plates is projected to reach 12.433 billion yuan in 2024, with growth driven by the EV market and energy storage systems [10] - The demand for battery liquid cooling plates is expected to surge as the EV market expands and technology becomes more widespread [1] Key Companies - Key players in the battery liquid cooling plate industry include Sanhua Intelligent Controls, Yinlun Machinery, and Nabucal, each leveraging their technological advantages to capture market share [11][12] - Sanhua has reported a revenue of 24.029 billion yuan in the first three quarters of 2025, with a year-on-year growth of 16.86% [13] - Yinlun Machinery achieved a revenue of 11.057 billion yuan in the same period, reflecting a year-on-year growth of 20.12% [15] Industry Development Trends 1. The industry is experiencing rapid technological upgrades, focusing on high integration and efficiency, with a shift towards integrated designs for battery packs [16] 2. The market is expanding beyond passenger vehicles into various applications, including energy storage systems and data centers, creating new growth opportunities [17] 3. Industry concentration is increasing, with leading companies dominating the market, while innovation in materials and processes is becoming crucial for competitive advantage [18]