Transparency Market Research delivers key insights on the global heat pipes market. In terms of revenue, the global heat pipes market is estimated to expand at a CAGR of ~5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global heat pipes market. The global heat pipes market is broadly affected by several factors, such as rising production of electronics, installation of heat pipes in various electronic devices, increasing in production of hardware devices such as laptops, etc., and their wide availability in various price ranges globally.
In terms of product type, the heat pipes market has been categorized into standard heat pipes & vapor chambers, variable conductance heat pipes (VCHP), loop heat pipes, rotating heat pipes, thermosyphon heat pipes, and others (oscillating/pulsating het pipes, etc.). The demand for standard heat pipes & vapor chambers is higher, globally. In terms of wick type, the heat pipes market has been divided into grooved heat pipes, sintered heat pipes, and others (screen/wire mesh heat pipes, etc.). Sintered heat pipes are widely used, and holds the highest market share globally. In terms of diameter, the market has been segmented into below 5 mm, 5 mm – 10 mm, above 10 mm. Heat pipes with diameter 5 mm – 10 mm are most commonly demanded.
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In terms of shape, the heat pipes market has been divided into round, flat, and others (rectangle, square, other customized shapes, etc.). Flat shaped heat pipes are the most preferred shape by users. The end user segment comprises automotive, aerospace & defense, medical, telecommunication, consumer electronics, power & energy, food & beverages, and others (semiconductors, etc.), of which, consumer electronics has the highest share and is the fastest growing sector as well. Based on distribution channel, the heat pipes market has been divided into direct sales and indirect sales. Direct sales are growing at a faster rate than indirect sales.
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Heat Pipes Market: Prominent Regions
In 2020, North America and Europe together contributed ~70% of revenue share of the global heat pipes market. Various industries are shifting their manufacturing facilities to the APAC region. APAC is the fastest growing region of the market with a CAGR of 5.4%. Therefore, the market in this region is anticipated to witness the fastest growth rate during the forecast period. The market in Europe and North America is expected to grow moderately, due to increasing demand for standard heat pipes and vapor chambers, as it is considered the foremost choice among a wide range of heat pipes available in various countries. However, the demand in the upcoming years may shift due to competitive prices of standard heat pipes and vapor chambers in these regions, as many end-use industries would prefer loop heat pipes and rotating heat pipes, as these type of heat pipes are most commonly used in telecommunication, and space-related application areas.
Heat Pipes Market: Key Players
Key players operating in the global heat pipes market are Advanced Cooling Technologies, ATHERM, Boyd Corporation, CELSIA INC., Deepcool Industries Co., Ltd., Euro Heat Pipes SA, Forcecon, Fujikura Ltd., Furukawa Electric Co., Ltd., and Noren Thermal Inc.
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Global Heat Pipes Market: Segmentation
Heat Pipes Market, by Product Type
Heat Pipes Market, by Wick Type
Heat Pipes Market, by Diameter
Heat Pipes Market, by Shape
Heat Pipes Market, by End User
Heat Pipes Market, by Distribution Channel
Heat Pipes Market, by Region
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