Heat sinks market size [2022-2029]
Pune, India, Oct. 17, 2022 (GLOBE NEWSWIRE) — The global heatsink market size is expected to witness accelerated growth due to soaring demand for medical equipment amid the COVID-19 pandemic. 19, says Fortune Business Insights™ in its report, titled “heat sink market Size, Share & Industry Analysis, by Type (Active, Passive), by Substance (Aluminum, Copper, Others (Composite etc.)), by Industry (Aerospace & Defense, Automotive, Consumer Electronics , Medical Equipment, General Industries, Others (Laser Equipment, etc.)) and Regional Forecast, 2020-2027”.
The coronavirus is known to infect the lungs and spread to other organs, requiring the use of ventilators and other respiratory medical equipment. With an exponential increase in COVID-19 cases, the strain on electronic equipment used in healthcare facilities is immense. Stabilizing this equipment is crucial to preventing disasters. Heatsinks can be instrumental in the efficient management of medical equipment such as ventilators in hospitals. These devices facilitate the transfer of heat generated by electronic equipment to a fluid medium, which dissipates this heat and makes it possible to regulate the temperature of the equipment. So, as the number of COVID-19 rises around the world and electronic devices continue to be used, the demand for heatsinks is expected to remain high for the immediate future.
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- Valuable insights into factors driving and restraining the market;
- In-depth examination of market segments;
- Granular analysis of regional dynamics shaping the market; and
- In-depth assessment of key market players and their dominant strategies.
Risks of smartphones overheating to fuel demand for heat sinks
Thermal management of smartphones and other miniaturized electronic devices is crucial to prevent accidents. For example, if a smartphone is constantly exposed to temperatures above 30 degrees Celsius, it can damage the lithium-ion battery that powers the device. In some cases, if the battery has aged too much, it can explode and cause fires. For example, poor battery thermal management caused the infamous explosions of some Samsung Galaxy Note 7 devices in 2016, forcing the company to pull the device from the market. To avoid such incidents, smartphone manufacturers are increasingly relying on the use of heat sinks in their products to effectively dissipate the heat generated within the device. In a smartphone, a heat sink made of thermally conductive metal such as copper or aluminum is mounted on the heat producing component. Heat is then transferred from the component to the heatsink by conduction, where it dissipates and is released to the surrounding air by convection. The increasing use of smartphones will therefore ensure stable growth of the heatsink market.
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Asia-Pacific will maintain its leading position thanks to the expansion of the electronics industry
Among the regions, Asia-Pacific is expected to dominate the heatsink market share in the coming years owing to the rapid expansion of the electronics industry in the region. Additionally, the fast growing economies of China and India are becoming investment hotspots for global players, given the growing demand and consumption of automobiles and consumer electronics in these countries. . This will lay a very promising foundation for the growth of this market in Asia-Pacific.
Low labor costs and heavy investment in industrial development will be the key factors driving the market growth in Latin America, Middle East and Africa. The market in Europe and North America is expected to show steady growth as they are mature regions and companies in these regions are investing heavily in emerging economies.
Portfolio diversification will be the central growth strategy for key players
With expansion and consolidation of market position in mind, key players in this market are taking decisive steps to diversify their product portfolio. One of the main strategies adopted by companies to gain competitive advantage is to tactically acquire other competitors and strengthen their offerings. Moreover, many players are also focusing on the booming smartphone industry and personalization products are gaining prominence in this field.
- September 2019: AMETEK, Inc. announced the acquisition of Pacific Design Technologies, a leader in mission-critical thermal management solutions. AMETEK aims to leverage Pacific’s specialty in liquid cooling systems in commercial defense, space and aerospace applications to develop next-generation, state-of-the-art, custom-engineered products.
- September 2018: Samsung introduced the X5, its first solid state drive (SSD) based on non-volatile memory. The device is integrated with Dynamic Thermal Guard technology and a heat sink to prevent it from overheating and causing accidents
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List of Companies Profiled in the Heat Sink Market Report:
- Advanced Thermal Solutions, Inc.
- Alpha Company Ltd.
- international PA
- Boyd Company
- Wakefield Vette
- AMETEK, Inc.
- Bluecore Heatsinks
- C&H Technology, Inc.
- Shenzhen Lori Technology Co., Ltd.
Heatsinks Market Segmentation:
- Others (Composite, etc.)
- Aeronautics & Defense
- Consumer electronics
- Medical equipement
- General industries
- Others (laser equipment, etc.)
- North America (USA 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 and Africa (GCC, South Africa and Rest of Middle East and Africa)
- Latin America (Brazil, Mexico and Rest of Latin America)
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