Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) Forecast （2024-2033) Overview
The liquid cooling market for stationary battery energy storage system (BESS) is projected to reach $24.51 billion by 2033 from $4.23 billion in 2024, growing at a CAGR of 21.55% during the forecast period 2024-2033. The liquid cooling market for stationary battery energy storage system (BESS) is poised for strong growth, fueled by the increasing deployment of grid-related energy storage systems and the rising demand for renewable energy. However, challenges such as high initial costs, complex implementation, and concerns over system reliability and maintenance persist. Despite these hurdles, the liquid cooling market for stationary battery energy storage system (BESS) holds significant opportunities driven by the expanded adoption of renewable energy sources and continued technological advancements, making innovation and sustainability critical focal points for future development.
Introduction to the Liquid Cooling Market for Stationary Battery Energy Storage System (BESS)
Market Introduction
Market Segmentation:
Segmentation 1: by Application
• Utility-Scale Energy Storage
• Commercial and Industrial Energy Storage
• Residential Energy Storage
• Microgrids
• OthersUtility-Scale Energy Storage to Lead the Market (by Application)
Utility-scale energy storage is set to lead the liquid cooling market for stationary battery energy storage system (BESS), driven by its increasing share in energy storage capacity. By 2030, utility applications are projected to reach 86 GWh, reflecting the need for large-scale systems to support grid stability and renewable energy integration. Given the high energy demands and heat generation of utility-scale BESS, efficient liquid cooling systems have been vital for temperature management and reliability. As these projects expand, the demand for advanced cooling technologies will rise, driving innovation and supporting the scalability of BESS solutions.
Segmentation 2: by Power Capacity
• Small-Scale ESS (<1 MW)
• Medium-Scale ESS (1 MW–10 MW)
• Large-Scale ESS (>10 MW)Medium-Scale ESS (1 MW–10 MW) to Lead the Market (by Power Capacity)
Medium-scale energy storage systems (ESS) are set to dominate the liquid cooling market due to their optimal balance of capacity and scalability, particularly for commercial and industrial applications. With power capacities between 1 MW and 10 MW, these systems effectively address grid stability, peak shaving, and renewable energy integration. Liquid cooling is essential for maintaining battery performance, preventing overheating, and enhancing system longevity. For example, projects such as Hitachi Energy's 6 MW BESS in the Faroe Islands showcase the effectiveness of such systems in improving energy efficiency while supporting sustainability goals.
Segmentation 3: by Cooling Type
• Active Liquid Cooling
• Passive Liquid Cooling
• Hybrid Liquid Cooling SystemsActive Liquid Cooling to Lead the Market (by Cooling Type)
Active liquid cooling is poised to lead the stationary BESS market due to its superior ability to manage high thermal loads in large-scale installations. As power capacity and battery density increase, active cooling systems using pumps and heat exchangers provide precise temperature control, enhancing reliability and extending battery life. With continuous heat generation in utility-scale projects, active liquid cooling outperforms air cooling in high-power applications. Companies such as Volvo Energy have already implemented these systems, ensuring optimal thermal management in varying environmental conditions and positioning active liquid cooling as the preferred solution for safety and operational efficiency.
Segmentation 4: by Cooling Fluid Type
• Water-Based Coolants
• Glycol-Based Coolants
• Oil-Based Coolants
• Synthetic Fluids
• OthersWater-Based Coolants to Lead the Market (by Cooling Fluid Type)
Segmentation 5: by Battery Chemistry Type
• Lithium-Ion Batteries
• Lead-Acid Batteries
• OthersLithium-Ion Batteries to Lead the Market (by Battery Chemistry Type)
Lithium-ion batteries are expected to lead the liquid cooling market for stationary BESS due to their high energy density, long lifecycle, and fast charging capabilities. As renewable energy adoption grows, demand for efficient grid-scale storage solutions has surged. Lithium-ion technology, making up 93% of BESS installations globally in 2021, has been essential for maintaining grid stability and supporting renewable sources such as wind and solar. With temperature control critical to their performance, liquid cooling systems enhance battery lifespan and efficiency, positioning lithium-ion batteries as the dominant technology for large-scale, high-power storage applications.
Segmentation 6: by System Configuration Type
• Modular Cooling Systems
• Centralized Cooling Systems
• Distributed Cooling SystemsCentralized Cooling Systems to Lead the Market (by System Configuration Type)
Centralized cooling systems are set to dominate the liquid cooling market for stationary BESS due to their efficiency in managing large-scale energy storage installations. By offering unified temperature control across entire battery arrays, they enhance system performance, reduce complexity, and lower costs compared to independent units. These systems are ideal for utility-scale projects, providing superior thermal management for battery safety and longevity. With advanced solutions such as LERETECH’s centralized cooling plant, which boosts storage capacity and efficiency, centralized systems have been increasingly critical for supporting renewable energy integration and grid stabilization.
Segmentation 7: by Region
• North America
• Europe
• Asia-Pacific
• Rest-of-the-WorldAsia-Pacific Region to Lead the Market
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
• Vericom Global Solutions
• Symtech Solar Group
• Shanghai Sermatec Energy Technology Co., Ltd.
• Narada
• Hithium Energy Storage Technology Co., Ltd
• Chengdu Tecloman Energy Storage Technology Co., Ltd.
• ZTT New Energy
• Beijing HyperStrong Technology Co., LTD.
• Contemporary Amperex Technology Co.
• Fluence
• Trinasolar
• Xi'An JD Energy Co., Ltd.Companies not part of the pool have been well represented across different sections of the report (wherever applicable).
Liquid Cooling Market for Stationary Battery Energy Storage System (BESS)
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
...
1.5.3.4 Sustainability and Environmental Impact:
1.6 Technological Analysis
...
1.8.1 Cooling and Power Solution for Wandoan South BESS Deployment
1.8.2 Thermal Management for Lithium-Ion Batteries in BESS
1.8.3 Comparative Review of Thermal Management Systems for 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 Application
2.1 Application Segmentation
2.2 Application Summary
...
2.3.4 Microgrids
2.3.5 Others
2.4 Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Power Capacity)
2.4.1 Small-Scale ESS (<1 MW)
2.4.2 Medium-Scale ESS (1 MW–10 MW)
2.4.3 Large-Scale ESS (>10 MW)
3 Products
3.1 Product Segmentation
3.2 Product Summary
3.3 Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Cooling Type)
3.3.1 Active Liquid Cooling
3.3.2 Passive Liquid Cooling
3.3.3 Hybrid Liquid Cooling Systems
3.4 Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Cooling Fluid Type)
3.4.1 Water-Based Coolants
3.4.2 Glycol-Based Coolants
3.4.3 Oil-Based Coolants
3.4.4 Synthetic Fluids
3.4.5 Others
3.5 Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Battery Chemistry Type)
3.5.1 Lithium-Ion Batteries
3.5.2 Lead-Acid Batteries
3.5.3 Others
3.6 Liquid Cooling Market for Stationary Battery Energy Storage System (BESS) (by Configuration Type)
3.6.1 Modular Cooling Systems
3.6.2 Centralized Cooling Systems
3.6.3 Distributed Cooling Systems
4 Region
4.1 Regional Summary
4.2 North America
4.2.1 Regional Overview
4.2.2 Driving Factors for Market Growth
4.2.3 Factors Challenging the Market
4.2.4 Application
4.2.5 Product
4.2.6 North America (by Country)
4.2.6.1 U.S.
4.2.6.1.1 Application
4.2.6.1.2 Product
4.2.6.2 Canada
4.2.6.2.1 Application
4.2.6.2.2 Product
4.2.6.3 Mexico
4.2.6.3.1 Application
4.2.6.3.2 Product
4.3 Europe
4.3.1 Regional Overview
4.3.2 Driving Factors for Market Growth
4.3.3 Factors Challenging the Market
4.3.4 Application
4.3.5 Product
4.3.6 Europe (by Country)
4.3.6.1 Germany
4.3.6.1.1 Application
4.3.6.1.2 Product
4.3.6.2 France
...
4.3.6.4.1 Application
4.3.6.4.2 Product
4.3.6.5 Spain
...
4.3.6.6.2 Product
4.4 Asia-Pacific
4.4.1 Regional Overview
4.4.2 Driving Factors for Market Growth
4.4.3 Factors Challenging the Market
4.4.4 Application
4.4.5 Product
4.4.6 Asia-Pacific (by Country)
4.4.6.1 China
4.4.6.1.1 Application
4.4.6.1.2 Product
4.4.6.2 Japan
4.4.6.2.1 Application
4.4.6.2.2 Product
4.4.6.3 India
4.4.6.3.1 Application
4.4.6.3.2 Product
...
4.4.6.6.2 Product
4.5 Rest-of-the-World
4.5.1 Regional Overview
4.5.2 Driving Factors for Market Growth
4.5.3 Factors Challenging the Market
4.5.4 Application
4.5.5 Product
...
5.2.2 ShenZhen CEGN Co., Ltd.
5.2.2.1 Overview
5.2.2.2 Top Products/Product Portfolio
5.2.2.3 Target Customers
5.2.2.4 Key Personnel
5.2.2.5 Analyst View
5.2.2.6 Market Share, 2023
5.2.3 SUNGROW
5.2.3.1 Overview
5.2.3.2 Top Products/Product Portfolio
5.2.3.3 Target Customers
5.2.3.4 Key Personnel
5.2.3.5 Analyst View
5.2.3.6 Market Share, 2023
5.2.4 Vericom Global Solutions
5.2.4.1 Overview
5.2.4.2 Top Products/Product Portfolio
5.2.4.3 Target Customers
5.2.4.4 Key Personnel
5.2.4.5 Analyst View
5.2.4.6 Market Share, 2023
5.2.5 Symtech Solar Group
5.2.5.1 Overview
5.2.5.2 Top Products/Product Portfolio
5.2.5.3 Target Customers
5.2.5.4 Key Personnel
5.2.5.5 Analyst View
5.2.5.6 Market Share, 2023
5.2.6 Shanghai Sermatec Energy Technology Co., Ltd.
...
5.2.8 Hithium Energy Storage Technology Co., Ltd
5.2.8.1 Overview
5.2.8.2 Top Products/Product Portfolio
5.2.8.3 Target Customers
5.2.8.4 Key Personnel
5.2.8.5 Analyst View
5.2.8.6 Market Share, 2023
5.2.9 Chengdu Tecloman Energy Storage Technology Co., Ltd.
5.2.9.1 Overview
5.2.9.2 Top Products/Product Portfolio
5.2.9.3 Target Customers
...
5.2.10.5 Analyst View
5.2.10.6 Market Share, 2023
5.2.11 Beijing HyperStrong Technology Co., LTD.
5.2.11.1 Overview
5.2.11.2 Top Products/Product Portfolio
5.2.11.3 Target Customers
5.2.11.4 Key Personnel
5.2.11.5 Analyst View
5.2.11.6 Market Share, 2023
5.2.12 Contemporary Amperex Technology Co., Limited
5.2.12.1 Overview
5.2.12.2 Top Products/Product Portfolio
5.2.12.3 Target Customers
5.2.12.4 Key Personnel
5.2.12.5 Analyst View
5.2.12.6 Market Share, 2023
5.2.13 Fluence
5.2.13.1 Overview
5.2.13.2 Top Products/Product Portfolio
5.2.13.3 Target Customers
5.2.13.4 Key Personnel
5.2.13.5 Analyst View
5.2.13.6 Market Share, 2023
5.2.14 Trinasolar
5.2.14.1 Overview
5.2.14.2 Top Products/Product Portfolio
5.2.14.3 Target Customers
5.2.14.4 Key Personnel
5.2.14.5 Analyst View
5.2.14.6 Market Share, 2023
5.2.15 Xi'An JD Energy Co., Ltd.
5.2.15.1 Overview
5.2.15.2 Top Products/Product Portfolio
...
6.1.1 Primary Data Sources
6.1.2 Secondary Data Sources
6.1.3 Data Triangulation
6.2 Market Estimation and Forecast