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Global Heat Sinks Market: By Product Type: Copper Heat Sink, Aluminium Heat Sink, Copper Aluminium Heat Sink; By Industry Vertical: Automobile, Electronic; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments
Global Heat Sinks Market Outlook
The global market for heat sinks reached a value of about USD 6.5 billion in 2021. The industry is further expected to grow at a CAGR of about 6.50% in the forecast period of 2022-2027 to reach a value of around USD 9.5 billion by 2027.
Asia Pacific to be Among the Significant Regional Markets for Heat Sinks
The Asia Pacific is projected to hold one of the prominent shares of the global market during the forecast period due to the expansion of the consumer electronics industry in the region. An increase in automotive production in the region also fuels the demand for the heat sink. The expansion of chip manufacturing companies in China and South Korea is driving the thermal management market in the Asia Pacific region. Several frontline companies are established in China, and therefore the region is one of the leading regional markets for heat sinks. Increasing manufacturing and sales of the component and technology in the country such as China, India, and Japan will fuel the demand for the heat sinks market. Higher population ratios in this region, increase in per-capita disposable incomes, and rapid industrialisation, specifically in India and China, are further driving the market growth in the Asia Pacific.
North America and Europe to Witness Robust Growth
North America and Europe are also likely to gain a significant share in the global heat sink market in the coming years. Demand for servers and data centres has been increasing significantly in the last few years. These comprise numerous pieces of equipment that need several heat sinks to manage the thermal activities for the smooth and continuous operation of devices. Moreover, government initiatives to promote electric vehicles are also expected to drive market growth in this region.
Market Segmentations
A heat sink is a component of an electronic circuit that disperses heat from other electronic components, such as power transistors, into the surrounding medium and cools them to improve performance and consistency and prevent premature component failure. Heat sinks made of metals with high thermal conductivity, such as copper and aluminium, are the most efficient.
By product type, the market includes:
- Copper Heat Sink
- Aluminium Heat Sink
- Copper Aluminium Heat Sink
The various industry verticals are:
- Automobile
- Electronic
The regional markets for the heat sink market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
Increasing Demand from Automotive and Electronics Industry Augmenting the Market Growth
The growth of the global market for heat sinks is mainly driven by the increasing demand for automobiles and electronic products. The rise in disposable income, technological advancements, and growing awareness about energy-efficient cooling systems are some of the key factors anticipated to fuel this market's growth in the coming years. The advancements in designing electronics systems to increase the functionality into smaller form factors and rising demand for the thermal management in medical equipment are expected to unravel new growth opportunities in the global heat sinks market during the forecast period. An increasing inclination toward hybrid pin fins offering higher efficiency and lower operational cost, and untapped market opportunities offered by emerging economies like India and China, are projected to augment the market growth of the heat sinks in the coming future. The heat sinks market is a rapidly progressing industry and is characterised to have industrial front liners and aspiring new players aiming to penetrate the aggressive competitive landscape across global and local markets. Additionally, various new and aspiring players are improving their product lines and upgrading technological capabilities to improve revenue streams amidst the COVID-19 impact. For example, in July 2019, Boyd corporation acquired Lytron. Lytron is a thermal management company specialising in liquid cooling technology. This acquisition would enhance the company with its liquid-cooled technology portfolio.
Key Players in the Global Market for Heat Sinks
The report gives a detailed analysis of the following key players in the global heat sinks market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Sunonwealth Electric Machine Industry Co. Ltd.
- Advanced Thermal Solutions, Inc.
- Aavid Thermalloy, LLC
- Apex Microtechnology
- CUI Inc.
- Comair Rotron
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2021 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Industry Vertical |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Heat Sinks Market Analysis
8.1 Key Industry Highlights
8.2 Global Heat Sinks Historical Market (2017-2021)
8.3 Global Heat Sinks Market Forecast (2022-2027)
8.4 Global Heat Sinks Market by Product Type
8.4.1 Copper Heat Sink
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Aluminium Heat Sink
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Copper Aluminium Heat Sink
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.5 Global Heat Sinks Market by Industry Vertical
8.5.1 Automobile
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Electronic
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.6 Global Heat Sinks Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Sunonwealth Electric Machine Industry Co. Ltd.
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Advanced Thermal Solutions, Inc.
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Aavid Thermalloy, LLC
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Apex Microtechnology
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 CUI Inc.
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Comair Rotron
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Others
12 Industry Events and Developments
List of Figures and Tables
1. Global Heat Sinks Market: Key Industry Highlights, 2017 and 2027
2. Global Heat Sinks Historical Market: Breakup by Product Type (USD Billion), 2017-2021
3. Global Heat Sinks Market Forecast: Breakup by Product Type (USD Billion), 2022-2027
4. Global Heat Sinks Historical Market: Breakup by Industry Vertical (USD Billion), 2017-2021
5. Global Heat Sinks Market Forecast: Breakup by Industry Vertical (USD Billion), 2022-2027
6. Global Heat Sinks Historical Market: Breakup by Region (USD Billion), 2017-2021
7. Global Heat Sinks Market Forecast: Breakup by Region (USD Billion), 2022-2027
8. North America Heat Sinks Historical Market: Breakup by Country (USD Billion), 2017-2021
9. North America Heat Sinks Market Forecast: Breakup by Country (USD Billion), 2022-2027
10. Europe Heat Sinks Historical Market: Breakup by Country (USD Billion), 2017-2021
11. Europe Heat Sinks Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Asia Pacific Heat Sinks Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Asia Pacific Heat Sinks Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Latin America Heat Sinks Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Latin America Heat Sinks Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Middle East and Africa Heat Sinks Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Middle East and Africa Heat Sinks Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Global Heat Sinks Market Structure
Key Questions Answered in the Report
In 2021, the global heat sinks market attained a value of nearly USD 6.5 billion.
The market is projected to grow at a CAGR of 6.50% between 2022 and 2027.
The market is estimated to witness healthy growth in the forecast period of 2022-2027 to reach USD 9.5 billion by 2027.
The major drivers of the market include the increasing manufacturing and sales of the component and technology, rapid industrialisation, various government initiatives promoting electric vehicles, a rise in disposable income, growing awareness about energy-efficient cooling systems, and rising demand for thermal management in medical equipment.
Increasing demand for automobiles and electronic products and technological advancements are the key industry trends propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Based on product type, the market is segmented into the copper heat sink, aluminium heat sink, and copper aluminium heat sink.
The various industry verticals are automobile and electronic.
The major players in the industry are Sunonwealth Electric Machine Industry Co. Ltd., Advanced Thermal Solutions, Inc., Aavid Thermalloy, LLC, Apex Microtechnology, CUI Inc., and Comair Rotron, among others.
Analyst Review
The global heat sinks market attained a value of USD 6.5 billion in 2021, driven by the increasing demand for automobiles and electronic products. Aided by the rapid industrialisation and rising demand for thermal management in medical equipment, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 6.50%. The market is projected to reach USD 9.5 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product type, the market is segmented into the copper heat sink, aluminium heat sink, and copper-aluminium heat sink. The various industry verticals are automobile and electronic. The major regional markets for heat sinks are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The key players in the above market are Sunonwealth Electric Machine Industry Co. Ltd., Advanced Thermal Solutions, Inc., Aavid Thermalloy, LLC, Apex Microtechnology, CUI Inc., and Comair Rotron, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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