Cold Plates: Introduction

  • Cold plates dissipate the heat generated by electronic components, or any other surfaces with high heat loads, to the liquid that flows to a remote heat exchanger. Heat can be transferred into either an ambient or another liquid in a secondary cooling system.
  • Air cooling is not sufficient while cooling IGBT modules or any powered electronics, while proper liquid cooling is needed to transfer heat. Liquid cold plates provide cooling four times better as compared to that offered by an equal mass of air. The liquid cooling system consists of a pump, heat exchanger, connective tubing and cold plates that can replace space consuming heat sinks and fans.
  • High thermal conductivity and compact design make cold plates ideal to use for several applications such as powered electronics, IGBT modules, medical equipment, wind turbines, lasers, motor devices, and automotive components
  •  Liquid cooled cold plates require a constant flow of cooling water. This can be tap water, deionized water, inhibited glycol and water solutions, dielectric fluids, polyalphaolefin, etc.
  • Cold plates are typically made from aluminum with either copper or stainless steel tubes. Each tubed cold plates has a single tube available with 2/4/6-passing with no joint, ensuring leak-free operation.

Key Drivers of Cold Plates Market

  • Cold plate technology was first introduced to dissipate heat in NASA’s Apollo program. Miniaturization of high powered electronics have prompted engineers to develop cooling methods of increasing complexity. Thermal management of high powered electronics is a critical component of a design process. Increase in demand for renewable energy and electric vehicles has fueled the demand for high-powered electronics. Demand for power electronic devices in the automotive industry is being propelled by the development of electric vehicles (EVs) and hybrid electric vehicles (HEVs) which in turn is projected to boost the demand for cold plates in the near future.
  • Applications of IGBT modules in industrial electronics are increasing, and they require liquid-cooling systems, particularly using cold plates placed directly on devices to transfer as much heat as possible. Rising application of IGBT modules is estimated to propel the demand for cold plates in the next few years.
  • The medical industry has expanded over the last few years, which has led to a higher demand for modern medical equipment. Reliable and cost-effective compact thermal cooling solutions, such as cold plates with heat exchangers, are used for cooling medical devices and laboratory equipment. Increase in private and government spending on medical infrastructure is estimated to augment the demand for cold plates in the near future.

Key Restraint of Cold Plates Market

  • Engineers are more concerned about nanoparticle buildup and possible clogging in the cold plate or the pump. High initial cost and regular maintenance & cleaning are primarily required. These factors can act as a major restraint for the cold plates market.

Covid-19 Impact on Cold Plates Market

  • The COVID-19 pandemic has had a severe impact on the use of cold plates in end-use industries. The industrial shutdown has also adversely impacted product and inventory transportation, as logistic services have been hampered due to the COVID-19 outbreak. Demand for cold plates in automotive applications has suffered due to slowdown in the demand for automotive caused by COVID-19 pandemic and increase in prices of fuels. However, the medical equipment industry has been positively impacted by COVID-19, as the number of patients admitted during this period was higher than those in the last few years.

Global Cold Plates Market: Regional Outlook

  • In terms of geography, the demand for cold plates market in Asia Pacific has been rising at a significant pace owing to expansion of the manufacturing industry in ASEAN nations, China, and India. Lower manufacturing cost in China, Vietnam, and Malaysia is primary reason driving the production of cold plates in these countries. Their production is estimated to increase further during the forecast period owing to lower corporate taxes, as compared to that in other developing and developed nations. Furthermore, the market in Asia Pacific is estimated to expand further due to rising consumption of power electronic devices in automotive and renewable energy sectors in the region.
  • The market in Europe and North America is estimated to expand at a sluggish pace in the next few years, owing to higher manufacturing cost, while the market in Middle East & Africa and Latin America is driven by recent economic developments and rise in investments in the power electronics industry in these regions.

Key Players Operating in Global Market

Key players operating in the global cold plates market include:

  • BOYD Corporation
  • Wieland Microcool
  • Columbia-Staver Limited
  • Telerex
  • Parker Hannifin Corporation
  • Sakura
  • Sanhua
  • Stulz GmbH
  • Dana Limited
  • Priatherm
  • Cofan USA, Inc.
  • CECLA Metal Process
  • Kawaso Texcel co., Ltd
  • Malico Inc.

Global Cold Plates Market: Research Scope

Global Cold Plates Market, by Tubing Type

  • Copper
  • Stainless Steel
  • Others

Global Cold Plates Market, by Coolant Type

  • Water
  • Deionized Water
  • Inhibited Glycol and Water Solutions
  • Dielectric Fluids
  • Polyalphaolefin
  • Others

Disclaimer: This ongoing market research study is a meticulously planned activity where a broad array of factors and aspects that shape the marketing environment and industry are taken into account. However, keeping in mind the constantly changing nature of business dynamics and changing strategic intents, we are always actively making iterations and modifications in our approaches. As always, we are ready to tailor our insights and guidance to suit your requirements. Engage with us to know what more is there for your CXOs.

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