The global EV battery cooling plates market is projected to grow from USD 1.4 billion in 2024 to USD 3.2 billion by 2031, driven by a 11.7% CAGR. This expansion is fueled by the rising adoption of BEVs, which necessitate advanced thermal management systems for safety and fast charging. The market is largely dominated by the Asia-Pacific region, which benefits from robust manufacturing hubs in China, Japan, and South Korea.
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