The report covers forecast and analysis for the heat pipes market on a global and regional level. The study provides historic data from 2015 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Million). The study includes drivers and restraints for the heat pipes market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities and various trends in the heat pipes market on a global level.
The heat pipes market size accounted for around USD 2468.8 Million in 2018, growing at a CAGR of 7.5 % during the forecast period.
A heat pipe is a heat-transfer device that transfers the heat between two solid interfaces. Heat pipes are cylindrical hollow pipes containing a small amount of fluid that undergoes evaporation and absorbs the heat. The heat is then rejected on another end to be incorporated for several industrial processes. For instance, it is widely used in air conditioning and refrigeration applications.
Heat pipe is basically a self-heat recovery device that is used to transfer heat from heat injection end to heat rejection end with minimum temperature differences between them and also to transfer the heat across internal surfaces. While selecting a pipe for industrial applications, many factors have to be taken into consideration. They are manufactured in different shapes such as round or flat.
The growing demand for heat control and air conditioning equipment is expected to fuel the growth of heat pipes market in forecast years. Moreover, the increasing demand from developing countries for air quality checking systems (which helps in the reduction of respiratory diseases), is also expected to fuel the market’s growth in the forecast timeframe. The growing use of LHP (loop heat pipes) and PHP (pulsating heat pipes) in avionic systems is anticipated be one of the supporting factors that are anticipated to accelerate the heat pipes market growth during the forecast years. To achieve long-distance reasonable heat transfer, the current avionics systems have a need for superior heat management systems which are well supported by LHP and PHP. Furthermore, the advantages such as low power consumption, increased system reliability, and enhanced heat transfer are anticipated to escalate the usage of LHP and PHP in avionics, which is predicted to bolster the growth of heat pipes market growth during the forecast period.
The heat pipes market witnesses the presence of international, regional, and local players. The regional and local manufacturers offer customized products at lower prices and pose significant competition to the international players. The level of competition among the players in the heat pipes market space is expected to intensify in the upcoming years, which is mainly because of the increase in technological innovations and the rise in mergers & acquisitions globally.
Some of the key players operating in the heat pipes market are Foxconn, Asia Vital Components, WTL-Heat Pipe, Chaun-Choung Technology, Aavid Thermalloy, Cooler Master, Furukawa Electric, Fujikura, TaiSol Electronics, Forcecon Tech, and Deepcool Industries.
Global Heat Pipes Market: Material Segment Analysis
- Alkali Metal
- Alkali Metal
Global Heat Pipes Market: Application Segment Analysis
- Solar Thermal
- Food and Beverage
- Ventilation Heat Recovery
- Nuclear Power Conversion
Global Heat Pipes Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa