Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.

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:

  • Product Type
  • Industry Vertical
  • Region
Breakup by Product Type
  • Copper Heat Sink
  • Aluminium Heat Sink
  • Copper Aluminium Heat Sink
Breakup by Industry Vertical
  • Automobile
  • Electronic
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Sunonwealth Electric Machine Industry Co. Ltd.
  • Advanced Thermal Solutions, Inc.
  • Aavid Thermalloy, LLC
  • Apex Microtechnology
  • CUI Inc.
  • Comair Rotron
  • Others
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.

Purchase Full Report

Mini Report

$1499
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$2699
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

$3699
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$4699
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports





NEWSLETTER