Heat pipes are thermal management devices used to transfer heat efficiently from one point to another. These devices operate based on the principles of phase transition and thermal conductivity. They consist of a sealed container, a working fluid and a capillary structure or wick, which facilitates the movement of the working fluid between the evaporator and condenser sections.
The heat pipes market consists of sales, by entities (organizations, sole traders and partnerships), of heat pipes that refer to highly efficient heat transfer devices which use phase change of a working fluid to transport thermal energy from one location to another. Heat pipes employ phase change to transfer thermal energy from one point to another by the vaporization and condensation of a working fluid or coolant.
The global heat pipes market was valued at $2,010.9 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 3.0%.
Rise In Demand for Energy-Efficient Cooling Solutions
The rise in demand for energy-efficient cooling solutions propelled the growth of the heat pipes market. Heat pipes became crucial for preserving the ideal temperature in electronics and heating, ventilation and air conditioning (HVAC) systems as businesses and consumers placed a higher priority on energy conservation. In addition to meeting sustainability goals and lowering operating costs, their efficient heat dissipation and low energy consumption were backed by laws and environmental standards that minimized energy use and emissions. For instance, in November 2022, according to a report released by the World Bank, investment opportunities in India's cooling sector through less carbon-intensive technologies reached $1.6 trillion. The report indicated that investments in construction, cold chains and refrigerants had the potential to significantly reduce greenhouse gas emissions and create nearly 3.7 million jobs. Therefore, the rise in demand for energy-efficient cooling solutions supported the growth of the heat pipes market during the historic period.
Introduction Of New Heat Pipe Sets For PC Do It Yourself (DIY) Enthusiasts
Companies in the heat pipes market are focusing on the launch of heat pipe sets that cater directly to the growing community of personal computer (PC) builders who prioritize performance, aesthetics and customization in their builds. These heat pipes can be adapted for various cooling purposes within custom PC configurations. Whether used to cool processors, graphics cards or other components, their ability to conform to specific shapes and sizes makes them versatile for diverse cooling setups. For instance, in October 2022, Streacom, the Netherlands-based computer products and accessories manufacturing company offering fan less PC cooling and cases, launched a range of heat pipe sets for PC DIYers. These new heat pipes come in straight forms ranging from 150 millimeters (mm) to 300 mm, appealing to personal computer (PC) enthusiasts who prioritize precise customization in their builds. Streacom's heat pipes feature pure copper construction with a sintered wick using de-ionized water, allowing them to be bent and shaped to fit various custom cooling configurations. They offer flexibility for integration with other custom cooling equipment, catering to diverse cooling needs in DIY PC setups.
The global heat pipes market is highly concentrated, with large players operating in the market. The top ten competitors in the market made up to 72.7% of the total market in 2023.
Heat Pipes Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global heat pipes market as it emerges from the COVID-19 shut down.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Where is the largest and fastest-growing market for heat pipes? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The heat pipes market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider heat pipes market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by product type, by working fluid, by material type and by end-use industry.
- Supply Chain- The supply chain section of the report defines and explains the key players in the heat pipes industry supply chain.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Heat Pipes Market Applications- This section describes the various applications of heat pipes such as CPU cooling, large server base station cooling and LED cooling.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the heat pipes market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by product type, by working fluid, by end-use industry and by material type in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for heat pipes providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Product Type: Standard Heat Pipes/Constant Conductance; Vapor Chamber; Variable Conductance; Diode; Thermosyphon; Other Product Types
- 2) By Working Fluid: Water; Alcohol; Ammonia; Other Working Fluids
- 3) By Material Type: Copper; Aluminum; Stainless Steel; Other Material Types
- 4) By End-Use Industry: Automotive; Electronics; Energy And Power; Aerospace And Defense; Other End-Use Industries
- Companies Mentioned: Foxconn Technology Group; Furukawa Electric Co., Ltd; Boyd Corporation; Nidec Corporation; Asia Vital Components Co., Ltd
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; heat pipes indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.