Heat Pipes Market

Long-term Contracts with Blue Chip Companies Ensure Revenue Opportunities during COVID-19 Crisis

The coronavirus pandemic has slowed down economic activities worldwide. Different stakeholders in the heat pipes market are undergoing various adjustments in business activities. Mark Boocock, managing director of ECONOTHERM - a company that designs and manufactures heat pipes, is relying on its long-term contracts to supply its newly designed heat pipe systems. The pandemic has made companies realize the importance of conducting business with blue chip clients.

Mass inoculation measures are anticipated to revive growth of the global heat pipes market. Stakeholders are relatively dependent on fully-operational manufacturing plants in China. Due to uncertainty of events, stakeholders are adopting contingency planning to predict possible outcomes, owing to delay in recover of the market and global economy. As such, stakeholders in the value chain are being pressured to meet emission targets, especially for high-energy consumption businesses.

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Customized Heat Pipes Help Overcome Limitations of Conventional Heat Transfer Devices

The heat pipes market is slated to clock a modest CAGR of ~5% during the forecast period. However, there is a need to overcome the limitations of conventional heat transfer devices. The Heat Pipe Thermal Management Research Group and UKAEA have taken advantage of this opportunity to successfully investigate the use of the heat pipe technology in combination with fusion energy application for thermal management of environments with extreme temperatures. Companies in the heat pipes market are taking cues from such innovations and expected to collaborate with researchers to gain a competitive edge in the market.

Manufacturers are overcoming the limitations of conventional heat transfer devices by increasing R&D in customized heat pipe systems that meet thermal requirements of extreme temperature environments. The heat pipe technology holds promising potential to extract large amounts of heat flux.

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Graphene Enhanced Heat Pipes Replacing Copper in Power Electronics

As per the Chalmers University of Technology, researchers have found that graphene-based heat pipes can help resolve the problems of cooling electronics. Such findings are becoming necessary for stakeholders in the heat pipes market, since consumer electronics are predicted to hold the highest revenue share among all end-use industries during the assessment period.

Graphene-based heat pipes are emerging as efficient tools for cooling electronics and power systems in avionics, data centers, and other power electronics. Graphene enhanced heat pipes are increasingly replacing copper, aluminum, and their alloys for the development of power electronics. Copper and aluminum have relatively high density and limited heat transmission capacity.

Lightweight, Reliable Thermal Management Heat Pipes Needed in Aerospace

Heat pipes are found virtually in all end-use industries, including aerospace. Boyd Corporation - a specialist in designing and manufacturing advanced engineered materials & thermal management solutions, is unlocking growth opportunities in aerospace with heat pipe assemblies that enable the heat to safely dissipate with greater access to air cooling.

Advanced aircraft electrification with liquid and air cooled systems & chassis are being preferred by engineers in the aerospace industry. Companies in the heat pipes market are increasing the availability of high reliability, lightweight, and low mass heat pipe assemblies & low profile cooling systems that enable advancements in aircraft electronics. Liquid cooled electronic chassis efficiently draw heat away from critical electronics through the chassis enclosure, thus enabling greater power and compute density in the same space without adding mass. There is a steady demand for reliable thermal management solutions in aerospace such as heat pipes, heat sinks, and graphite heat spreaders that help to cool the motor and batteries.

Companies Enhance Direct Manufacturing Technologies to Improve Standard Heat Pipe Performances

In telecommunication applications, heat pipes are used in different ways, such as to collect heat from several dissipative equipment in order to either spread the heat over large radiator panel or transport heat from hot area to cold area. In order to do this efficiently, it is a challenge to identify the main requirements and potential benefits of any new technology. Since the direct manufacturing technology for heat pipes is not foreseen to improve mass or cost at piece part level, companies in the heat pipes market are delivering optimization among heat pipe, heat transport capacity, and the heat pipe heat transfer performance.

Euro Heat Pipes - a company that develops, produces, and qualifies components for spacecraft, is boosting their research to enhance the direct manufacturing technology in order to improve the standard heat pipe performances.

Use of Heat Pipes in Medical Devices to Enhance Thermal Conductivity

Medical thermal management applications are establishing stable income sources for manufacturers in the heat pipes market. Advanced Cooling Technologies, Inc. (ACT) - a premier thermal management solutions company, is meeting increasing demands for technical innovation and performance for the medical industry. Companies are mainly focusing on integrating and prototyping solutions that involve state-of-the-art heat pipes, thermoelectric cooling, liquid cooling, and interface materials.

Established companies in the heat pipes market have entered the competition to help product designers and manufacturers solve key thermal problems, pertaining to the medical industry. Next-gen medical devices require to be smaller, faster, and more precise as compared to traditional devices. Manufacturers are increasing their production capabilities in heat pipes that are being extensively implemented in imaging devices to enhance thermal conductivity.

Alternate Methods to Improve Car Efficiency Fuels Demand for Heat Pipes

Efforts are being made to improve the efficiency of the internal combustion engine in cars. Since this is a relatively mature technology, improvements are anticipated to plateau. Such findings are grabbing the attention of companies in the heat pipes market, since there is a need for alternate methods to improve overall efficiency of cars. Companies are increasing their focus in exhaust heat recovery systems namely heat pipes and thermoelectric generators (TEGs).

Heat pipes are gaining popularity as an alternate method to transfer heat in relatively long distances with minimal thermal resistance. Companies in the heat pipes market are acquiring a strong research base in proposed designs that use heat pipes to transfer heat from the exhaust gases to the TEGs and the TEGs convert some of this heat into electricity.

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Analysts’ Viewpoint

The relaxation in deadlines and contingent planning of production & business activities are helping stakeholders in heat pipes market to stay financially afloat during the coronavirus pandemic. The heat pipes market is estimated to cross the valuation of US$ 500 Mn by 2031. However, challenges in telecommunications such as in defining the new product, with respect to additive layer manufacturing of heat pipes needs to be addressed by manufacturers. Hence, manufacturers should increase their research for enhancing the direct manufacturing technology for developing heat pipes to improve heat collection, heat transport, and heat spreading. End users are preferring proprietary designs in heat pipes that are low cost and effective in applications.