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Heat Pipes Market to Surpass Valuation of US$ 500 Bn by 2031: Transparency Market Research

Heat Pipes Market: Introduction

Transparency Market Research delivers key insights on the global heat pipes market. In terms of revenue, the global heat pipes market is estimated to expand at a CAGR of ~5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global heat pipes market. The global heat pipes market is broadly affected by several factors, such as rising production of electronics, installation of heat pipes in various electronic devices, increasing in production of hardware devices such as laptops, etc., and their wide availability in various price ranges globally.

Heat Pipes Market: Dynamics

In terms of product type, the heat pipes market has been categorized into standard heat pipes & vapor chambers, variable conductance heat pipes (VCHP), loop heat pipes, rotating heat pipes, thermosyphon heat pipes, and others (oscillating/pulsating het pipes, etc.). The demand for standard heat pipes & vapor chambers is higher, globally. In terms of wick type, the heat pipes market has been divided into grooved heat pipes, sintered heat pipes, and others (screen/wire mesh heat pipes, etc.). Sintered heat pipes are widely used, and holds the highest market share globally. In terms of diameter, the market has been segmented into below 5 mm, 5 mm – 10 mm, above 10 mm. Heat pipes with diameter 5 mm – 10 mm are most commonly demanded.

In terms of shape, the heat pipes market has been divided into round, flat, and others (rectangle, square, other customized shapes, etc.). Flat shaped heat pipes are the most preferred shape by users. The end user segment comprises automotive, aerospace & defense, medical, telecommunication, consumer electronics, power & energy, food & beverages, and others (semiconductors, etc.), of which, consumer electronics has the highest share and is the fastest growing sector as well. Based on distribution channel, the heat pipes market has been divided into direct sales and indirect sales. Direct sales are growing at a faster rate than indirect sales.

Heat Pipes Market: Prominent Regions

In 2020, North America and Europe together contributed ~70% of revenue share of the global heat pipes market. Various industries are shifting their manufacturing facilities to the APAC region. APAC is the fastest growing region of the market with a CAGR of 5.4%. Therefore, the market in this region is anticipated to witness the fastest growth rate during the forecast period. The market in Europe and North America is expected to grow moderately, due to increasing demand for standard heat pipes and vapor chambers, as it is considered the foremost choice among a wide range of heat pipes available in various countries. However, the demand in the upcoming years may shift due to competitive prices of standard heat pipes and vapor chambers in these regions, as many end-use industries would prefer loop heat pipes and rotating heat pipes, as these type of heat pipes are most commonly used in telecommunication, and space-related application areas.

Heat Pipes Market: Key Players

Key players operating in the global heat pipes market are Advanced Cooling Technologies, ATHERM, Boyd Corporation, CELSIA INC., Deepcool Industries Co., Ltd., Euro Heat Pipes SA, Forcecon, Fujikura Ltd., Furukawa Electric Co., Ltd., and Noren Thermal Inc.

Global Heat Pipes Market: Segmentation

Heat Pipes Market, by Product Type

  • Standard Heat Pipes & Vapor Chambers
  • Variable Conductance Heat Pipes (VCHP)
  • Loop Heat Pipes
  • Rotating Heat Pipes
  • Thermosyphon Heat Pipes
  • Others (Oscillating/Pulsating Heat Pipes, etc.)

Heat Pipes Market, by Wick Type

  • Grooved Heat Pipes
  • Sintered Heat Pipes
  • Others (Screen/Wire Mesh Heat Pipes, etc.)

Heat Pipes Market, by Diameter

  • Below 5 mm
  • 5 mm – 10 mm
  • Above 10 mm

Heat Pipes Market, by Shape

  • Round
  • Flat
  • Others (Rectangle, Square, Other Customized Shapes, etc.)

Heat Pipes Market, by End User

  • Automotive
  • Aerospace & Defense
  • Medical
  • Telecommunication
  • Consumer Electronics
  • Power & Energy
  • Food & Beverages
  • Others (Semiconductors, etc.)

Heat Pipes Market, by Distribution Channel

  • Direct Sales
  • Indirect Sales

Heat Pipes Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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