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Heat Sinks Market

Global Heat Sinks Market Analysis, Size, Share, Outlook, Report: By Product Type: Copper Heat Sink, Aluminium Heat Sink, Copper Aluminium Heat Sink; By Industry Vertical: Automobile, Electronic; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments; 2024-2032

Global Heat Sinks Market Outlook

The global heat sinks market size attained a value of USD 7.37 billion in 2023. The market is further expected to grow at a CAGR of 6.50% between 2024 and 2032, to reach a value of USD 12.99 billion by 2032.

 

heat-sinks-market

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Key Trends in the Market

A heat sink refers to an electronic device thermally conductive in nature, which draws up and disseminates heat, away from a high temperature system. Heat sinks are usually made up of metals such as aluminium or copper, which are used to cool down internal systems of several industrial components like refrigerators, CPU, and transistors, among others.

 

  • The increasing demand for passenger and commercial vehicles, supported by rising disposable income, rapid urbanisation, and expanding competitive landscape of the automotive sector, are increasing the incorporation of heat sinks in automobiles, thereby expanding the heat sinks market size.
  • Rising application of heat sinks in high-power semiconductor devices is a crucial driving factor of the market. The increasing demand for heat sinks to manufacture high-end consumer electronics are expected to bolster the global heat sinks market dynamics in the forecast period.
  • Growing research and development activities by the major industrial equipment manufacturers aimed towards innovating product designs of heat sinks, to improve the efficiency of heat dissipation are the key market trends.
  • Some of the other crucial components in which heat sinks are used are HVAC systems and gas water heaters. The increasing demand for these types of equipment in residential and commercial sectors is aiding the heat sinks market growth.
  • Furthermore, heat sinks are integral parts of power plants to improve thermal management systems. Rising investments in the development of power plants in emerging economies are expected to generate higher revenue in the market for heat sinks in the coming years.

 

heat-sinks-market-by-segments

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Market Analysis

Based on product type, the market is segmented into copper heat sink, aluminium heat sink, and copper aluminium heat sink. On the basis of industry vertical, the market is classified into automobile and electronic. The regional market for heat sinks are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

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. The report gives a detailed analysis of the key players in the global heat sinks market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

 

  • Sunonwealth Electric Machine Industry Co. Ltd.
  • Advanced Thermal Solutions, Inc.
  • Aavid Thermalloy, LLC
  • Apex Microtechnology
  • CUI Inc.
  • Comair Rotron
  • Others

 

Market Share by Product Type

The aluminium heat sink segment, based on product type, accounts for a healthy share of the heat sinks 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. 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.

 

Market Share by Industry Vertical

Based on industry vertical, the automobile segment accounts for a significant share in the heat sinks market. 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-by-region

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Competitive Landscape

Sunonwealth Electric Machine Industry Co. Ltd. is a leading machine industry company which has a vast industrial product portfolio including DC and AC fan and blowers, cooling modules, fan accessories, and ventilation equipment, among others. The company caters to the demands of various sectors including entertainment and games, autotronics, home appliances, and home ventilation, among others. It was founded in 1980 and is currently headquartered in Kaohsiung City, Taiwan.

 

Advanced Thermal Solutions, Inc. is a renowned engineering and manufacturing company which manufactures and markets diverse industrial equipment such as heat sinks, heat pipes, vapour chambers, liquid cooling systems, instruments, sensors, freezers, and wind tunnels, among others. The company was founded in 1989 and is currently based out of Massachusetts, United States.

 

Aavid Thermalloy, LLC is a leading manufacturer of thermal engineering and thermal management solutions catering to the demands of various sectors. The product portfolio of this company includes heat sinks, connectors, embedded solutions, LED lighting, optoelectronics, and semiconductors, among others. It was founded in 1964 and is currently headquartered in New Hampshire, United States.

 

Other market players include Apex Microtechnology, CUI Inc., and Comair Rotron, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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
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Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    Opportunities and Challenges in the Market
8    Global Heat Sinks Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Heat Sinks Historical Market (2018-2023) 
    8.3    Global Heat Sinks Market Forecast (2024-2032)
    8.4    Global Heat Sinks Market by Product Type
        8.4.1    Copper Heat Sink
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Aluminium Heat Sink
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Copper Aluminium Heat Sink
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Global Heat Sinks Market by Industry Vertical
        8.5.1    Automobile
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Electronic
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)    
    8.6    Global Heat Sinks Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032)
9    North America Heat Sinks Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Heat Sinks Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Heat Sinks Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Heat Sinks Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Heat Sinks Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Sunonwealth Electric Machine Industry Co. Ltd.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Advanced Thermal Solutions, Inc.
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Aavid Thermalloy, LLC
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Apex Microtechnology
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    CUI Inc.
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Comair Rotron
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Others
16    Key Trends and Developments in the Market

 

List of Figures and Tables

1.    Global Heat Sinks Market: Key Industry Highlights, 2018 and 2032
2.    Global Heat Sinks Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3.    Global Heat Sinks Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4.    Global Heat Sinks Historical Market: Breakup by Industry Vertical (USD Billion), 2018-2023
5.    Global Heat Sinks Market Forecast: Breakup by Industry Vertical (USD Billion), 2024-2032
6.    Global Heat Sinks Historical Market: Breakup by Region (USD Billion), 2018-2023
7.    Global Heat Sinks Market Forecast: Breakup by Region (USD Billion), 2024-2032
8.    North America Heat Sinks Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    North America Heat Sinks Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Europe Heat Sinks Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Europe Heat Sinks Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Asia Pacific Heat Sinks Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Asia Pacific Heat Sinks Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Latin America Heat Sinks Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Latin America Heat Sinks Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Middle East and Africa Heat Sinks Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Middle East and Africa Heat Sinks Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Global Heat Sinks Market Structure

Key Questions Answered in the Report

The market reached a value of USD 7.37 billion in 2023.

The market is estimated to grow at a CAGR of 6.50% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 12.99 billion by 2032.

The increasing applications of heat sinks in high-power semiconductors, rising sales of automobiles, and increasing demand for consumer electronics are the major drivers of the market.

The key trends in the market 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.

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 regions in the market for heat sinks are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

The major components of heat sink include metal such as aluminium or copper, fan, and conductive thick plate, among others.

Sunonwealth Electric Machine Industry Co. Ltd., Advanced Thermal Solutions, Inc., Aavid Thermalloy, LLC, Apex Microtechnology, CUI Inc., and Comair Rotron, among others, are the key players in the heat sinks market, according to the report.

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