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Report Overview
The global heat sinks market reached a value of USD 7.37 Billion in 2024. The market is further expected to grow at a CAGR of 6.50% between 2025 and 2034, to reach a value of USD 13.83 Billion by 2034.
2024
Base Year
2018-2024
Historical Period
2025-2034
Forecast Period
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Copper is used in various applications such as industrial facilities, power plants, HVAC systems, and electronic systems due to its superior thermal conductivity.
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China is the largest market for copper heat sinks, followed by Europe and North America.
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Aluminium heat sinks are commonly used in computers to cool CPUs, GPUs, chipsets, and RAM modules, as well as in high-power semiconductor devices like power transistors and optoelectronics such as LEDs and lasers.
Heat Sinks Market Share
Aluminium heat sinks leads the market due to their corrosion resistance and excellent thermal conductivity
The aluminium heat sink segment, based on product type, accounts for a healthy share of the market. Aluminium heat sinks are lightweight, corrosion resistant, strong, durable, and offer excellent thermal conductivity making them more efficient compared to their counterparts. In addition, aluminium is easy to fabricate and is cheaper compared to other metals, thereby, enhancing the manufacturing efficiency of aluminium heat sinks.
Meanwhile, the copper heat sink segment is anticipated witness a stable growth in the forecast period, owing to the increased service life offered by it. As per heat sinks market analysis, the increasing applications of copper heat sinks in graphic cards, chassis, and hard disks, among other computer components, is expected to fuel the demand for copper heat sinks.
Automobile segment is witnessing significant growth due to the increasing sale of electric vehicles
Based on industry vertical, the automobile segment accounts for a significant heat sinks market share. Heat sinks ensure safety of an automobile and enhance performance, leading to greater customer satisfaction. In addition, heat sinks are crucial for maintaining electrical vehicle thermal management, boosting performance, longevity, and safety. In this regard, the increasing sale of electric automobiles is fuelling the growth of this segment.
Moreover, the technological advancements in electric vehicle heat sink designs for enhanced optimisation of battery life and augmented safety, are expected to provide impetus to the market in the forecast period. Further, the stringent standards of various governments aimed towards improving safety and security of automobiles are bolstering the usage of heat sinks in automobiles.
Heat Sinks Market Report Snapshots
Heat Sinks Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the heat sinks market reached an approximate value of USD 7.37 Billion.
The market is expected to grow at a CAGR of 6.50% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to USD 13.83 Billion by 2034.
The major drivers of the market include the increasing applications of heat sinks in high-power semiconductors, rising sales of automobiles, and increasing demand for consumer electronics.
Key trends aiding market expansion include the growing popularity of electric vehicles, enhancements in thermal management systems of various electronics, and growing research and development activities to enhance the efficiency of heat sinks.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Copper heat sink, aluminium heat sink, and copper aluminium heat sink are the different product types in the market.
Automobile and electronic are the significant industry verticals in the market.
The major components of heat sink include metal such as aluminium or copper, fan, and conductive thick plate, among others.
Key players in the market are Sunonwealth Electric Machine Industry Co. Ltd., Advanced Thermal Solutions, Inc., Aavid Thermalloy, LLC, Apex Microtechnology, CUI Inc., and Comair Rotron, among others.
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