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PUBLISHER: BIS Research | PRODUCT CODE: 1716259

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PUBLISHER: BIS Research | PRODUCT CODE: 1716259

Europe Liquid Cooling Market for Stationary Battery Energy Storage System (BESS): Focus on Application, Product, and Country Level Analysis - Analysis and Forecast, 2024-2033

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Description

Table of Contents

List of Tables

Introduction to Europe Liquid Cooling Market for Stationary Battery Energy Storage System

The Europe liquid cooling market for stationary battery energy storage system (BESS) is projected to reach $3,715.9 million by 2033 from $679.7 million in 2024, growing at a CAGR of 20.77% during the forecast period 2024-2033. The rapid rise of grid-connected energy storage and the increasing integration of renewable energy sources are expected to propel the liquid cooling market for stationary battery energy storage systems (BESS) in Europe. There is an increasing need for effective thermal management in high-capacity storage systems as the region steps up its efforts to improve energy reliability and decarbonise. Large-scale BESS installations are becoming more and more interested in liquid cooling because it provides accurate temperature control and increased system efficiency.

However, there are still significant obstacles facing the business, such as expensive initial investment prices, intricate system integration, and worries about maintenance and long-term dependability. The future is bright despite these obstacles. Together with developments in cooling and battery technology, Europe's robust legislative support for clean energy transitions keeps opening up new possibilities. Liquid cooling is anticipated to be crucial in maximising performance, prolonging battery life, and assisting the region's ambitious renewable energy targets as sustainability and innovation take front stage.

KEY MARKET STATISTICS
Forecast Period2024 - 2033
2024 Evaluation$679.7 Million
2033 Forecast$3,715.9 Million
CAGR20.77%

Market Introduction

The necessity for effective energy storage solutions and the continent's shift to renewable energy are driving the substantial expansion of the European market for liquid cooling solutions in stationary battery energy storage systems (BESS). Large-scale BESS deployment is now crucial for grid stability and energy dependability as Europe steps up its efforts to lower carbon emissions and boost the proportion of renewable energy in its energy mix. In this regard, liquid cooling technologies are becoming more popular because they provide better thermal management, which is essential for high-capacity battery systems to operate at their best and last a long time.

The market is expanding due to a number of variables. Strong storage technologies that can balance supply and demand are required for the integration of intermittent renewable sources like solar and wind. By preserving ideal operating temperatures, liquid cooling systems increase battery efficiency while enhancing safety and prolonging service life. Notably, thanks to encouraging government regulations and large expenditures in energy storage infrastructure, nations like the UK and Italy are becoming important markets. The increased emphasis on energy storage solutions is demonstrated by the projection that Europe's battery storage capacity would expand fivefold by 2030.

Despite the promising future, there are still obstacles to overcome, such as the high upfront expenditures and the difficulty of putting liquid cooling systems into place. However, these problems should eventually be lessened by continued technological development and economies of scale. The need for dependable and effective liquid cooling solutions in stationary BESS is expected to increase steadily as Europe moves on with its renewable energy program, and it will be essential to the continent's energy transition.

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 Region

  • Europe

Market trends, Drivers and Challenges of Europe Liquid Cooling Market for Stationary Battery Energy Storage System

The growing integration of renewable energy sources and the demand for effective grid stabilisation solutions are driving the substantial expansion of the stationary battery energy storage systems (BESS) liquid cooling market in Europe. The need for cutting-edge thermal management technologies, such liquid cooling, has increased as nations like the UK and Italy become important markets for investments in battery storage. This is done to guarantee the best possible battery performance and longevity.

Important Drivers:

The proliferation of renewable energy installations requires efficient energy storage solutions to handle inconsistent supply, which in turn encourages the use of liquid-cooled BESS for increased efficiency.

Governmental Incentives: In order to meet sustainability goals, energy storage system deployment is promoted by favourable laws and incentives across Europe, which also stimulate investments in state-of-the-art cooling technology.

The challenges are as follows:

The high initial costs associated with liquid cooling systems are a deterrent to their general adoption, especially for smaller-scale projects.

*Complexity of Technology:** Potential adopters may be put off by the increased operational complexity of implementing and maintaining liquid cooling technologies, which call for complicated designs and specialised knowledge.

Notwithstanding these obstacles, technical developments and a focus on sustainable energy solutions are expected to propel the European market's future expansion.

How can this report add value to an organization?

Product/Innovation Strategy: This report provides a comprehensive product/innovation strategy for the Europe 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 Europe 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 Europe 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.

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Product Code: MC02774SS

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 Country and 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 Global Investment Trends in Battery Energy Storage Systems: A Comparative Analysis
  • 1.8 Case Studies
    • 1.8.1 Thermal Management for Lithium-Ion Batteries in BESS
  • 1.9 Impact Analysis for Key Global 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 Global 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 Europe
    • 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 Europe (by Country)
      • 2.2.6.1 Germany
        • 2.2.6.1.1 Application
        • 2.2.6.1.2 Product
      • 2.2.6.2 France
        • 2.2.6.2.1 Application
        • 2.2.6.2.2 Product
      • 2.2.6.3 U.K.
        • 2.2.6.3.1 Application
        • 2.2.6.3.2 Product
      • 2.2.6.4 Italy
        • 2.2.6.4.1 Application
        • 2.2.6.4.2 Product
      • 2.2.6.5 Spain
        • 2.2.6.5.1 Application
        • 2.2.6.5.2 Product
      • 2.2.6.6 Rest-of-Europe
        • 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 Chengdu Tecloman Energy Storage Technology 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 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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Product Code: MC02774SS

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: Europe Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Application Type), 2023, 2026, and 2033
  • Figure 4: Europe Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Power Capacity), 2023, 2026, and 2033
  • Figure 5: Europe Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Cooling Type), 2023, 2026, and 2033
  • Figure 6: Europe Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Cooling Fluid Type), 2023, 2026, and 2033
  • Figure 7: Europe Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Battery Chemistry Type), 2023, 2026, and 2033
  • Figure 8: Europe Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by System Configuration Type), 2023, 2026, and 2033
  • Figure 9: Liquid Cooling Market for Stationary Battery Energy Storage System (BESS), Recent Developments
  • Figure 10: Key Stages within the Value Chain Analysis
  • Figure 11: Liquid Cooling Market for Stationary Battery Energy Storage System (BESS), (by Battery Chemistry), $USD/KWh, 2023-2033
  • Figure 12: Patent Filed (by Country), January 2021-September 2024
  • Figure 13: Patent Filed (by Company), January 2021-September 2024
  • Figure 14: Case Study 2: Thermal Management for Lithium-Ion Batteries in BESS
  • Figure 15: Total GWh installed in Battery Energy Storage System
  • Figure 16: Impact Analysis of Market Navigating Factors, 2023-2033
  • Figure 17: Global Projected Grid-Related Annual Deployments, 2023-2030
  • Figure 18: Cumulative Renewable Electricity Capacity, 2022-2027
  • Figure 19: Germany Liquid Cooling Market for Stationary Battery Energy Storage System, $Million, 2023-2033
  • Figure 20: France Liquid Cooling Market for Stationary Battery Energy Storage System, $Million, 2023-2033
  • Figure 21: U.K. Liquid Cooling Market for Stationary Battery Energy Storage System, $Million, 2023-2033
  • Figure 22: Italy Liquid Cooling Market for Stationary Battery Energy Storage System, $Million, 2023-2033
  • Figure 23: Spain Liquid Cooling Market for Stationary Battery Energy Storage System, $Million, 2023-2033
  • Figure 24: Rest-of-Europe Liquid Cooling Market for Stationary Battery Energy Storage System, $Million, 2023-2033
  • Figure 25: Share of Strategic Initiatives, 2021-2024
  • Figure 26: Data Triangulation
  • Figure 27: Top-Down and Bottom-Up Approach
  • Figure 28: 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: Europe Liquid Cooling Market for Stationary Battery Energy Storage System (by Application Type), $Million, 2023-2033
  • Table 8: Europe Liquid Cooling Market for Stationary Battery Energy Storage System (by Power Capacity), $Million, 2023-2033
  • Table 9: Europe Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Cooling Type), $Million, 2023-2033
  • Table 10: Europe Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Cooling Fluid Type), $Million, 2023-2033
  • Table 11: Europe Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Battery Chemistry Type), $Million, 2023-2033
  • Table 12: Europe Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by System Configuration Type), $Million, 2023-2033
  • Table 13: Germany Liquid Cooling Market for Stationary Battery Energy Storage System (by Application Type), $Million, 2023-2033
  • Table 14: Germany Liquid Cooling Market for Stationary Battery Energy Storage System (by Power Capacity), $Million, 2023-2033
  • Table 15: Germany Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Cooling Type), $Million, 2023-2033
  • Table 16: Germany Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Cooling Fluid Type), $Million, 2023-2033
  • Table 17: Germany Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Battery Chemistry Type), $Million, 2023-2033
  • Table 18: Germany Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by System Configuration Type), $Million, 2023-2033
  • Table 19: France Liquid Cooling Market for Stationary Battery Energy Storage System (by Application Type), $Million, 2023-2033
  • Table 20: France Liquid Cooling Market for Stationary Battery Energy Storage System (by Power Capacity), $Million, 2023-2033
  • Table 21: France Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Cooling Type), $Million, 2023-2033
  • Table 22: France Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Cooling Fluid Type), $Million, 2023-2033
  • Table 23: France Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Battery Chemistry Type), $Million, 2023-2033
  • Table 24: France Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by System Configuration Type), $Million, 2023-2033
  • Table 25: U.K. Liquid Cooling Market for Stationary Battery Energy Storage System (by Application Type), $Million, 2023-2033
  • Table 26: U.K. Liquid Cooling Market for Stationary Battery Energy Storage System (by Power Capacity), $Million, 2023-2033
  • Table 27: U.K. Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Cooling Type), $Million, 2023-2033
  • Table 28: U.K. Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Cooling Fluid Type), $Million, 2023-2033
  • Table 29: U.K. Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Battery Chemistry Type), $Million, 2023-2033
  • Table 30: U.K. Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by System Configuration Type), $Million, 2023-2033
  • Table 31: Italy Liquid Cooling Market for Stationary Battery Energy Storage System (by Application Type), $Million, 2023-2033
  • Table 32: Italy Liquid Cooling Market for Stationary Battery Energy Storage System (by Power Capacity), $Million, 2023-2033
  • Table 33: Italy Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Cooling Type), $Million, 2023-2033
  • Table 34: Italy Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Cooling Fluid Type), $Million, 2023-2033
  • Table 35: Italy Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Battery Chemistry Type), $Million, 2023-2033
  • Table 36: Italy Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by System Configuration Type), $Million, 2023-2033
  • Table 37: Spain Liquid Cooling Market for Stationary Battery Energy Storage System (by Application Type), $Million, 2023-2033
  • Table 38: Spain Liquid Cooling Market for Stationary Battery Energy Storage System (by Power Capacity), $Million, 2023-2033
  • Table 39: Spain Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Cooling Type), $Million, 2023-2033
  • Table 40: Spain Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Cooling Fluid Type), $Million, 2023-2033
  • Table 41: Spain Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Battery Chemistry Type), $Million, 2023-2033
  • Table 42: Spain Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by System Configuration Type), $Million, 2023-2033
  • Table 43: Rest-of-Europe Liquid Cooling Market for Stationary Battery Energy Storage System (by Application Type), $Million, 2023-2033
  • Table 44: Rest-of-Europe Liquid Cooling Market for Stationary Battery Energy Storage System (by Power Capacity), $Million, 2023-2033
  • Table 45: Rest-of-Europe Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Cooling Type), $Million, 2023-2033
  • Table 46: Rest-of-Europe Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Cooling Fluid Type), $Million, 2023-2033
  • Table 47: Rest-of-Europe Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Battery Chemistry Type), $Million, 2023-2033
  • Table 48: Rest-of-Europe Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by System Configuration Type), $Million, 2023-2033
  • Table 49: Global Market Share, 2023
  • Table 50: List of Other Key Players
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