About Liquid Cooled Battery Energy Storage Solution
A liquid-cooled energy storage system is a type of energy storage system that utilizes liquid cooling technology to maintain optimal operating temperatures. This system is commonly used in applications such as data centers, electric vehicles, and grid storage, where there is a need for high power and energy density. Liquid cooling helps to dissipate heat generated during the charging and discharging process, ensuring efficient operation and longer lifespan of the energy storage system.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 17.2% |
Liquid Cooled Battery Energy Storage Solution is a fragmented market due to the presence of several players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that China Manufacturers will contribute the maximum growth to Global Liquid Cooled Battery Energy Storage Solution market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BYD (China), CATL (China), AlphaESS (China), CHINT (China), Sungrow (China), Sunwoda Group (China), Microvast (United States), Jinkosolar (China), Contemporary Amperex Technology (China), Tesla Inc. (United States), Panasonic Corporation (Japan) and Envicool (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are LG Energy Solution (South Korea), Teplore (China) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Liquid Cooled Battery Energy Storage Solution market by Type (Lithium-ion Batteries, Flow Batteries, Lead-Acid Batteries and Others), Application (Industrial, Commercial, Front-of-Meter (Utilities, Grid Operators, Independent Power and Producers (IPPs), and Renewable Energy Developers)) and Region.
On the basis of geography, the market of Liquid Cooled Battery Energy Storage Solution has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Capacity, the sub-segment i.e. Up to 1 MW will boost the Liquid Cooled Battery Energy Storage Solution market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Water Cooling System will boost the Liquid Cooled Battery Energy Storage Solution market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing adoption of renewable energy sources. and The development of new battery cell technologies.
Market Growth Drivers:
The rapid adoption of battery energy storage system. and Accelerated deployment of grid energy storage systems in ongoing grid modernization on project.
Challenges:
Difficulties pertaining to installation of battery energy storage system in remote and isolated location.
Restraints:
High initial investment cost of installing battery energy storage system.
Opportunities:
Expansion in emerging market.
Market Leaders and their expansionary development strategies
In June 2023, Sungrow, the global leading inverter and energy storage system supplier, introduced its latest liquid cooled energy storage system PowerTitan 2.0 during Intersolar Europe. The next-generation system is designed to support grid stability, improve power quality, and offer an optimized LCOS for future projects.
In December 2023, CLOU launched flagship energy storage product, Aqua1, at the Yichun Energy Storage Base. The company plans to focus on the European and American markets, targeting countries and regions that adhere to European and American standards. This latest release signifies CLOU’s commitment to continuous technological advancements in the field of liquid-cooled energy storage systems, and marks a significant milestone for the Yichun Energy Storage Base.
Key Target Audience
Investor, Research and Development, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.