Summary

Introduction to Asia-Pacific Liquid Cooling Market for Stationary Battery Energy Storage System The Asia-Pacific liquid cooling market for stationary battery energy storage system (BESS) is projected to reach $14.67 billion by 2033 from $2.42 billion in 2024, growing at a CAGR of 22.15% during the forecast period 2024-2033. The fast expansion of renewable energy projects and the growing demand for dependable grid energy storage are driving the APAC liquid cooling market for stationary battery energy storage systems (BESS). The need for effective thermal management systems is rising as a result of the region's nations making significant investments in sustainable energy infrastructure. For high-density BESS configurations, liquid cooling presents a viable option that guarantees peak performance and extended battery life. The market confronts significant obstacles despite its bright future, including high upfront expenditures, technological integration difficulty, and worries about long-term system maintenance and reliability. Ongoing technological innovation and cooperation between energy providers and technology developers, however, are progressively removing these barriers. The APAC area offers numerous prospects for the implementation of sophisticated liquid cooling systems, given the increasing focus on clean energy transitions. The future of this changing sector will continue to be largely shaped by innovation, efficiency, and sustainability. Market Introduction Rapid advancements in renewable energy infrastructure and an increasing emphasis on grid stability are driving the substantial expansion of the stationary battery energy storage systems (BESS) liquid cooling market in Asia-Pacific (APAC). The need for effective energy storage has grown as nations like China, India, Japan, and South Korea invest more in renewable energy sources like solar and wind. By preserving ideal operating temperatures, liquid cooling significantly improves battery performance, particularly in high-density storage configurations. Liquid cooling technologies provide higher energy efficiency, longer battery life, and better thermal management than conventional air-cooling techniques. These benefits are especially crucial in the hot and muggy climates of Asia-Pacific, where battery system heat management is a top priority. Furthermore, the need for sophisticated cooling technology is growing as a result of government initiatives to promote the use of clean energy as well as significant industrial and utility storage projects. Notwithstanding obstacles such high startup costs and technological difficulty, the APAC area offers a wealth of expansion prospects. Adoption is anticipated to be further fuelled by ongoing cooling technology breakthroughs and falling system costs. Liquid cooling systems will play a bigger role in guaranteeing dependable, durable, and effective battery energy storage as the area moves towards low-carbon energy sources. Market Segmentation: Segmentation 1: by Application • Utility-Scale Energy Storage • Commercial and Industrial Energy Storage • Residential Energy Storage • Microgrids • Others Segmentation 2: by Power Capacity • Small-Scale ESS (<1 MW) • Medium-Scale ESS (1 MW–10 MW) • Large-Scale ESS (>10 MW) Segmentation 3: by Cooling Type • Active Liquid Cooling • Passive Liquid Cooling • Hybrid Liquid Cooling Systems Segmentation 4: by Cooling Fluid Type • Water-Based Coolants • Glycol-Based Coolants • Oil-Based Coolants • Synthetic Fluids • Others Segmentation 5: by Battery Chemistry Type • Lithium-Ion Batteries • Lead-Acid Batteries • Others Segmentation 6: by System Configuration Type • Modular Cooling Systems • Centralized Cooling Systems • Distributed Cooling Systems Segmentation 7: by Country • China • Japan • South Korea • Australia • India • Rest-of-Asia-Pacific Market trends, Drivers and Challenges of APAC Liquid Cooling Market for Stationary Battery Energy Storage System The Asia-Pacific (APAC) liquid cooling market for stationary battery energy storage systems (BESS) is experiencing significant growth, driven by several key factors. Market Drivers and Trends: Rapid Adoption of Renewable Energy: China and India are at the forefront of the expansion of renewable energy. By 2030, China is expected to add about 60% of the world's renewable capacity, while India plans to add 450 GW of renewable energy by the same year. Initiatives for Grid Modernisation: To improve stability and include renewable energy sources, governments in the area are spending money on grid modernisation, which is driving up demand for effective energy storage systems. Challenges: High Initial Investment: Adoption of liquid cooling systems may be discouraged by their high upfront costs, particularly for smaller projects. Technical Complexity: Some adopters may face operational difficulties due to the specialised knowledge needed to integrate and maintain liquid cooling technologies. Despite these obstacles, technical improvements and a strong focus on sustainable energy solutions make the APAC region a promising place for liquid cooling in BESS. How can this report add value to an organization? Product/Innovation Strategy: This report provides a comprehensive product/innovation strategy for the APAC liquid cooling market for stationary battery energy storage system (BESS), identifying opportunities for market entry, technology adoption, and sustainable growth. It offers actionable insights, helping organizations to meet environmental standards, gain a competitive edge, and capitalize on the increasing demand for eco-friendly solutions in various industries. Growth/Marketing Strategy: This report offers a comprehensive growth and marketing strategy designed specifically for the APAC liquid cooling market for stationary battery energy storage system (BESS). It presents a targeted approach to identifying specialized market segments, establishing a competitive advantage, and implementing creative marketing initiatives to optimize market share and financial performance. By harnessing these strategic recommendations, organizations can elevate their market presence, seize emerging prospects, and efficiently propel revenue expansion. Competitive Strategy: This report crafts a strong competitive strategy tailored to the APAC liquid cooling market for stationary battery energy storage system (BESS). It evaluates market rivals, suggests stand-out methods, and offers guidance for maintaining a competitive edge. By adhering to these strategic directives, companies can position themselves effectively in the face of market competition, ensuring sustained prosperity and profitability. Key Market Players and Competition Synopsis The companies profiled in the APAC liquid cooling market for stationary battery energy storage system (BESS) have been selected based on input gathered from primary experts and analyzing company coverage, product portfolio, and market penetration. Some of the prominent names in the liquid cooling market for stationary battery energy storage system (BESS) are: • EVE Energy Co., Ltd. • ShenZhen CEGN Co., Ltd. • SUNGROW • Shanghai Sermatec Energy Technology Co., Ltd. • Narada • Hithium Energy Storage Technology Co., Ltd • ZTT New Energy • Beijing HyperStrong Technology Co., LTD. • Contemporary Amperex Technology Co. • Trinasolar • Xi'An JD Energy Co., Ltd.

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Table of Contents

Executive Summary
Scope and Definition
1 Market: Industry Outlook
1.1 Trends: Current and Future Impact Assessment
1.1.1 Trends: Overview
1.1.2 Innovations in Liquid Cooling System Design
1.1.3 Integration of IoT and AI in Liquid Cooling Systems
1.1.4 Development of Advanced Cooling Fluids
1.1.5 Impact of Thermal Management on Battery Performance
1.2 Supply Chain Overview
1.2.1 Value Chain Analysis
1.2.1.1 Value Chain Breakdown of Battery Energy Storage Systems (Hardware Components)
1.2.2 Pricing Forecast
1.3 Research and Development Review
1.3.1 Patent Filing Trend (by Company)
1.4 Regulatory Landscape
1.4.1 Key Government Regulations in the Ecosystem
1.5 Stakeholder Analysis
1.5.1 Use Case
1.5.1.1 Grid Operators
1.5.1.2 Data Centers and Industrial Facilities
1.5.1.3 Renewable Energy Providers
1.5.2 End User
1.5.2.1 Utility Companies
1.5.2.2 Commercial and Industrial Clients
1.5.2.3 Government and Public Sector Entities
1.5.3 Buying Criteria for Liquid Cooling Systems for BESS
1.5.3.1 Efficiency and Performance
1.5.3.2 Safety and Reliability
1.5.3.3 Cost-Effectiveness and Scalability
1.5.3.4 Sustainability and Environmental Impact:
1.6 Technological Analysis
1.6.1 Comparison of Liquid Cooling vs. Air Cooling
1.6.2 Comparison of Direct vs. Indirect Liquid Cooling
1.6.3 Advantages of Liquid Cooling in High-Capacity Energy Storage
1.6.4 Maintenance systems for Liquid Cooling
1.6.4.1 Overview of Maintenance Systems
1.6.4.2 Maintenance Processes
1.6.4.3 Coolant Management and Technical Procedures
1.7 Investment and Funding Landscape
1.7.1 Investment Trends in Battery Energy Storage Systems: A Comparative Analysis
1.8 Case Studies
1.8.1 Cooling and Power Solution for Wandoan South BESS Deployment
1.8.2 Comparative Review of Thermal Management Systems for BESS
1.9 Impact Analysis for Key Events
1.9.1 Growth in Renewable Energy Adoption and Energy Storage Demand
1.9.2 Rising Incidents of Extreme Weather Events
1.9.3 Supply Chain Disruptions due to Geopolitical Tensions
1.1 Stationary Energy Storage Market Outlook
1.11 Market Dynamics Overview
1.11.1 Market Drivers
1.11.1.1 Increasing Deployments of Grid-Related Energy Storage Systems
1.11.1.2 Increasing Demand for Generated Renewable Energy
1.11.2 Market Challenges
1.11.2.1 High Initial Costs and Complexity of Implementation
1.11.2.2 Maintenance, Reliability, and Risk of System Failure
1.11.3 Market Opportunities
1.11.3.1 Increased Adoption of Renewable Energy Sources
1.11.3.1.1 Overview of Renewable Energy Adoption and its Correlation with the Liquid Cooling Market for Stationary BESS
1.11.3.1.2 Sectors at the Forefront of Renewable Energy Adoption and Key Developments
1.11.3.1.3 Go-to-Market Strategy for New Entrants
1.11.3.2 Technological Advancements and Innovations
1.11.3.2.1 Overview of Technological Advancements and Innovations
1.11.3.2.2 Key Sectors Leading Technological Innovations and Developments in Liquid Cooling
1.11.3.2.3 Go-to-Market Strategy for New Entrants to Leverage Technological Advancements
2 Region
2.1 Regional Summary
2.2 Asia-Pacific
2.2.1 Regional Overview
2.2.2 Driving Factors for Market Growth
2.2.3 Factors Challenging the Market
2.2.4 Application
2.2.5 Product
2.2.6 Asia-Pacific (by Country)
2.2.6.1 China
2.2.6.1.1 Application
2.2.6.1.2 Product
2.2.6.2 Japan
2.2.6.2.1 Application
2.2.6.2.2 Product
2.2.6.3 India
2.2.6.3.1 Application
2.2.6.3.2 Product
2.2.6.4 South Korea
2.2.6.4.1 Application
2.2.6.4.2 Product
2.2.6.5 Australia
2.2.6.5.1 Application
2.2.6.5.2 Product
2.2.6.6 Rest-of-Asia-Pacific
2.2.6.6.1 Application
2.2.6.6.2 Product
3 Markets - Competitive Benchmarking & Company Profiles
3.1 Next Frontiers
3.2 Geographic Assessment
3.2.1 EVE Energy Co., Ltd.
3.2.1.1 Overview
3.2.1.2 Top Products/Product Portfolio
3.2.1.3 Target Customers
3.2.1.4 Key Personnel
3.2.1.5 Analyst View
3.2.1.6 Market Share, 2023
3.2.2 ShenZhen CEGN Co., Ltd.
3.2.2.1 Overview
3.2.2.2 Top Products/Product Portfolio
3.2.2.3 Target Customers
3.2.2.4 Key Personnel
3.2.2.5 Analyst View
3.2.2.6 Market Share, 2023
3.2.3 SUNGROW
3.2.3.1 Overview
3.2.3.2 Top Products/Product Portfolio
3.2.3.3 Target Customers
3.2.3.4 Key Personnel
3.2.3.5 Analyst View
3.2.3.6 Market Share, 2023
3.2.4 Shanghai Sermatec Energy Technology Co., Ltd.
3.2.4.1 Overview
3.2.4.2 Top Products/Product Portfolio
3.2.4.3 Target Customers
3.2.4.4 Key Personnel
3.2.4.5 Analyst View
3.2.4.6 Market Share, 2023
3.2.5 Narada
3.2.5.1 Overview
3.2.5.2 Top Products/Product Portfolio
3.2.5.3 Target Customers
3.2.5.4 Key Personnel
3.2.5.5 Analyst View
3.2.5.6 Market Share, 2023
3.2.6 Hithium Energy Storage Technology Co., Ltd
3.2.6.1 Overview
3.2.6.2 Top Products/Product Portfolio
3.2.6.3 Target Customers
3.2.6.4 Key Personnel
3.2.6.5 Analyst View
3.2.6.6 Market Share, 2023
3.2.7 ZTT New Energy
3.2.7.1 Overview
3.2.7.2 Top Products/Product Portfolio
3.2.7.3 Target Customers
3.2.7.4 Key Personnel
3.2.7.5 Analyst View
3.2.7.6 Market Share, 2023
3.2.8 Beijing HyperStrong Technology Co., LTD.
3.2.8.1 Overview
3.2.8.2 Top Products/Product Portfolio
3.2.8.3 Target Customers
3.2.8.4 Key Personnel
3.2.8.5 Analyst View
3.2.8.6 Market Share, 2023
3.2.9 Contemporary Amperex Technology Co., Limited
3.2.9.1 Overview
3.2.9.2 Top Products/Product Portfolio
3.2.9.3 Target Customers
3.2.9.4 Key Personnel
3.2.9.5 Analyst View
3.2.9.6 Market Share, 2023
3.2.10 Trinasolar
3.2.10.1 Overview
3.2.10.2 Top Products/Product Portfolio
3.2.10.3 Target Customers
3.2.10.4 Key Personnel
3.2.10.5 Analyst View
3.2.10.6 Market Share, 2023
3.2.11 Xi'An JD Energy Co., Ltd.
3.2.11.1 Overview
3.2.11.2 Top Products/Product Portfolio
3.2.11.3 Target Customers
3.2.11.4 Key Personnel
3.2.11.5 Analyst View
3.2.11.6 Market Share, 2023
3.2.12 Other Key Players
4 Research Methodology
4.1 Data Sources
4.1.1 Primary Data Sources
4.1.2 Secondary Data Sources
4.1.3 Data Triangulation
4.2 Market Estimation and Forecast

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List of Tables/Graphs

List of Figures
Figure 1: Optimistic, Pessimistic, and Realistic Market Scenarios
Figure 2: Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Region), 2023, 2026, and 2033
Figure 3: Asia-Pacific Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Application Type), 2023, 2026, and 2033
Figure 4: Asia-Pacific Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Power Capacity), 2023, 2026, and 2033
Figure 5: Asia-Pacific Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Cooling Type), 2023, 2026, and 2033
Figure 6: Asia-Pacific Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Cooling Fluid Type), 2023, 2026, and 2033
Figure 7: Asia-Pacific Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Battery Chemistry Type), 2023, 2026, and 2033
Figure 8: Asia-Pacific Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by System Configuration Type), 2023, 2026, and 2033
Figure 9: Key Players
Figure 10: Liquid Cooling Market for Stationary Battery Energy Storage System (BESS), Recent Developments
Figure 11: Key Stages within the Value Chain Analysis
Figure 12: Liquid Cooling Market for Stationary Battery Energy Storage System (BESS), (by Battery Chemistry), $USD/KWh, 2023-2033
Figure 13: Patent Filed (by Company), January 2021-September 2024
Figure 14: Case Study 1: Cooling and Power Solution for Wandoan South BESS Deployment
Figure 15: Case Study 3: Comparative Review of Thermal Management Systems for BESS
Figure 16: Total GWh installed in Battery Energy Storage System
Figure 17: Impact Analysis of Market Navigating Factors, 2023-2033
Figure 18: Projected Grid-Related Annual Deployments, 2023-2030
Figure 19: Cumulative Renewable Electricity Capacity, 2022-2027
Figure 20: China Liquid Cooling Market for Stationary Battery Energy Storage System, $Million, 2023-2033
Figure 21: Japan Liquid Cooling Market for Stationary Battery Energy Storage System, $Million, 2023-2033
Figure 22: India Liquid Cooling Market for Stationary Battery Energy Storage System, $Million, 2023-2033
Figure 23: South Korea Liquid Cooling Market for Stationary Battery Energy Storage System, $Million, 2023-2033
Figure 24: Australia Liquid Cooling Market for Stationary Battery Energy Storage System, $Million, 2023-2033
Figure 25: Rest-of-Asia-Pacific Liquid Cooling Market for Stationary Battery Energy Storage System, $Million, 2023-2033
Figure 26: Share of Strategic Initiatives, 2021-2024
Figure 27: Data Triangulation
Figure 28: Top-Down and Bottom-Up Approach
Figure 29: Assumptions and Limitations
List of Tables
Table 1: Market Snapshot
Table 2: Opportunities Across Regions
Table 3: List of Key Regulations
Table 4: Technological Comparison of Air-Cooled System with Liquid-Cooled System
Table 5: Comprehensive Comparison of Direct and Indirect Liquid Cooling Systems in Stationary BESS
Table 6: Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Region), $Million, 2023-2033
Table 7: Asia-Pacific Liquid Cooling Market for Stationary Battery Energy Storage System (by Application Type), $Million, 2023-2033
Table 8: Asia-Pacific Liquid Cooling Market for Stationary Battery Energy Storage System (by Power Capacity), $Million, 2023-2033
Table 9: Asia-Pacific Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Cooling Type), $Million, 2023-2033
Table 10: Asia-Pacific Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Cooling Fluid Type), $Million, 2023-2033
Table 11: Asia-Pacific Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Battery Chemistry Type), $Million, 2023-2033
Table 12: Asia-Pacific Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by System Configuration Type), $Million, 2023-2033
Table 13: China Liquid Cooling Market for Stationary Battery Energy Storage System (by Application Type), $Million, 2023-2033
Table 14: China Liquid Cooling Market for Stationary Battery Energy Storage System (by Power Capacity), $Million, 2023-2033
Table 15: China Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Cooling Type), $Million, 2023-2033
Table 16: China Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Cooling Fluid Type), $Million, 2023-2033
Table 17: China Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Battery Chemistry Type), $Million, 2023-2033
Table 18: China Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by System Configuration Type), $Million, 2023-2033
Table 19: Japan Liquid Cooling Market for Stationary Battery Energy Storage System (by Application Type), $Million, 2023-2033
Table 20: Japan Liquid Cooling Market for Stationary Battery Energy Storage System (by Power Capacity), $Million, 2023-2033
Table 21: Japan Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Cooling Type), $Million, 2023-2033
Table 22: Japan Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Cooling Fluid Type), $Million, 2023-2033
Table 23: Japan Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Battery Chemistry Type), $Million, 2023-2033
Table 24: Japan Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by System Configuration Type), $Million, 2023-2033
Table 25: India Liquid Cooling Market for Stationary Battery Energy Storage System (by Application Type), $Million, 2023-2033
Table 26: India Liquid Cooling Market for Stationary Battery Energy Storage System (by Power Capacity), $Million, 2023-2033
Table 27: India Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Cooling Type), $Million, 2023-2033
Table 28: India Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Cooling Fluid Type), $Million, 2023-2033
Table 29: India Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Battery Chemistry Type), $Million, 2023-2033
Table 30: India Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by System Configuration Type), $Million, 2023-2033
Table 31: South Korea Liquid Cooling Market for Stationary Battery Energy Storage System (by Application Type), $Million, 2023-2033
Table 32: South Korea Liquid Cooling Market for Stationary Battery Energy Storage System (by Power Capacity), $Million, 2023-2033
Table 33: South Korea Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Cooling Type), $Million, 2023-2033
Table 34: South Korea Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Cooling Fluid Type), $Million, 2023-2033
Table 35: South Korea Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Battery Chemistry Type), $Million, 2023-2033
Table 36: South Korea Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by System Configuration Type), $Million, 2023-2033
Table 37: Australia Liquid Cooling Market for Stationary Battery Energy Storage System (by Application), $Million, 2023-2033
Table 38: Australia Liquid Cooling Market for Stationary Battery Energy Storage System (by Power Capacity), $Million, 2023-2033
Table 39: Australia Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Cooling Type), $Million, 2023-2033
Table 40: Australia Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Cooling Fluid Type), $Million, 2023-2033
Table 41: Australia Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Battery Chemistry Type), $Million, 2023-2033
Table 42: Australia Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by System Configuration Type), $Million, 2023-2033
Table 43: Rest-of-Asia-Pacific Liquid Cooling Market for Stationary Battery Energy Storage System (by Application Type), $Million, 2023-2033
Table 44: Rest-of-Asia-Pacific Liquid Cooling Market for Stationary Battery Energy Storage System (by Power Capacity), $Million, 2023-2033
Table 45: Rest-of-Asia-Pacific Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Cooling Type), $Million, 2023-2033
Table 46: Rest-of-Asia-Pacific Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Cooling Fluid Type), $Million, 2023-2033
Table 47: Rest-of-Asia-Pacific Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Battery Chemistry Type), $Million, 2023-2033
Table 48: Rest-of-Asia-Pacific Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by System Configuration Type), $Million, 2023-2033
Table 49: Market Share, 2023
Table 50: List of Other Key Players