"Catapult Your Business to Fore, Gain Competitive Advantage "

Heat Sinks Market Size, Share & Industry Analysis, By Type (Active, Passive), By Substance (Aluminium, Copper, Others (Composite, etc.)), By Industry (Aerospace & Defence, Automotive, Consumer Electronics, Medical Equipment, General Industries, Others (Laser Equipment, etc)) and Regional Forecast, 2021-2028

Region : Global | Report ID: FBI103025 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Heat sinks are also known as heat exchangers. These are the mechanical devices which are used in elctronic products and devices for heat exchange. Owing to the incresing transfer of data, computation process and exchange of information digitally, the market for heat sinks is increasing. This is because these heat sinks enables the devices to process the information faster. The increased dissipated power per unit area from the electrical components are fueling the grwoth of the market. Furthermore, with the current rate of miniaturization electronic devices such as laptops, cellphones, smart watches and other devices, the amount of heat generated is expected to strengthen the market size. The increased market of heat sink is also owed to the increasing requirement of high performance electric components.


Heat sinks are broadly classified into two types that are active heat sinks and passive heat sinks. Active heat sinks assemblies operates with the help of powered devices such as, blowersor fans to remove the latent heat present at the source. Owed to this, active heat sinks are are more efficient with small size and space requirement. On the other hand passive heat sinks does not rely on the any powered devices and the sinks are shaped in fin arrays exposed to outside air. Besides, the type market is segmented based on the substance from which the sinks are made such as alluminium, copper, and others which includes composite materials, beryllium copper, etc. Out these the alluminium heat sinks are widely used owing to its light weight, ease of manufacturing and cost effectiveness.


Key Market Driver -

• Increasing Demand for Thermal Management in Medical Equipment & Electronics • Rising miniaturization of electronic equipment

Key Market Restraint -

• Complexity of Components & Designs of the Cooling Systems


Moreover, with the increasing global trade, increased spending power of the customers, and miniaturization of the devices is expected to enhance the demand of heat sinks. Also, amplified demand of goods and products of various industries such as automobile, consumer electronics, medical equipment, etc. is expected to boost the growth of the market.


Key Players Covered:


Key players in the market have a dominant presence in the thermal management market, thus have good will and brand name to capture the unidentified regional heat sinks market. Moreover, these players are expected to have significant expansion in their business owing to the robust business strategies such as targeting developing countries and economies for increased market share.


Some of the key competitors in the Heat Sinks market include Boyd Corporation, Shenzhen Lori Technology Co.,Ltd, ABB, C&H Technology, Inc., Priatherm, Bluecore Heatsinks, PA International., AMETEK, Inc., Alpha Company Ltd., Wakefield-Vette & Advanced Thermal Solutions, Inc..


Regional Analysis


Asia Pacific is expected hold the largest market share along with the highest growth rate in the coming years. This is owed to the continuous increase in the investments done by the companies in the region to increase the production capacity. Furthermore, Asia Pacific has the largest market of automobiles and electronics industry, which also stimulates the growth of the market. Moreover, this region is the hotspots for the majority of the key players to gather enhanced market share. This is owed to the increased manufacturing activities in the countries such as China, India, Japan, & Korea.


Similarly, Middle East & Africa and Latin America is expected to be a prominent region for the growth of the heat sinks market. This is owed to the presence of capital intensive companies, along with low cost of labour in the region. Moreover, in the past 5 years the region has invested a lot in industrial development, in order to increase the trade and volume of import and export of consumer goods. Europe and North America on the other hand has showed a steady growth with minimal changes in the market structure. Also, the companies in the market are shifting their manufacturing facilities at developing economies, thus this region is expected to exhibit minor volatility in the coming years.


The ongoing COVID-19 pandemic is expected to impact the market slightly for the year 2020 owing to the halt in the manufacturing activities across the globe. Other than this, the market will further broaden with increased technological adoption in manufacturing process, such as automation, robotics, etc.


To gain extensive insights into the market, Request for Customization


Segmentation


























  ATTRIBUTE


  DETAILS

By Type




  • Active

  • Passive



By Substance




  • Aluminium

  • Copper

  • Others (Composite, etc.)



By Industry




  • Aerospace & Defence

  • Automotive

  • Consumer Electronics

  • Medical Equipment

  • General Industries

  • Others (Laser Equipment, etc)



By Region




  • North America (U.S. and Canada)

  • Europe (UK, Germany, France, Italy and Rest of Europe)

  • Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific)

  • Middle East & Africa (GCC, South Africa and Rest of Middle East & Africa)

  • Latin America (Brazil, Mexico and Rest of Latin America)



Key Industry Developments



  • July 2019: Boyd Corporation acquired Lytron. Lytron is also a thermal management company which specializes in liquid cooling technology. This acquisition will enhance the company with its liquid cooled technology portfolio.

  • September 2019: AMETEK, Inc. acquired Pacific Design Technologies, Inc. Pacific Design Technologies specializes in critical components thermal management systems. The acquisition will assist the company increased share in the aerospace and defence sector.


Heat Sinks Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Machinery & Equipment Clients

Saint Gobain
Dupont
Emerson
Hunkeler
Mckinsey

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X