Aluminum air pipes

Heat Pipe Market Size Expected To Grow By USD 976.78 Million | Market Insights Highlights Growth Of HVAC Industry As A Key Driver

Supplier Information

The heat pipe market is fragmented and suppliers are deploying organic and inorganic growth strategies to compete in the market. Currently, many local and regional vendors offer highly personalized, high-tech items at lower prices than overseas vendors. The market is likely to become more competitive over the next several years due to increased product expansions and technological advancements, as well as increased merger and acquisition activity.

The report analyzes the competitive landscape of the market and offers information about several vendors of the market, including:

  • Advanced Cooling Technologies Inc.
  • Avnet Inc.
  • Foxconn Technology Group
  • Furukawa Electric Co. Ltd.
  • Innergy Tech inc.
  • Nidec Corp.
  • Novark Technologies Inc.
  • ThermoTek Inc.
  • Wakefield Thermal Solutions Inc.
  • WTL Heat Pipe Technology Co. Ltd.

Discover additional highlights on the growth strategies adopted by suppliers and their product offerings, Read a free sample report.

Geographic market analysis

APAC will provide maximum growth opportunities in the heat pipe market during the forecast period. According to our research report, the region will contribute 38% of the global market growth and is expected to dominate the market until 2025. China is the largest food processing market and a major contributor to the region’s revenue.

Food manufacturers are likely to expand their operations and invest in additional manufacturing capacity in developing countries such as India, China, and Japan due to factors such as the growing demand for processed foods and changing eating habits. In addition, increasing disposable income and changing food consumption practices are expected to stimulate demand for processed foods and non-essentials. This should stimulate the demand for heat pipes in APAC.

In addition, countries such as APAC, Europe, North America, South America, and MEA are expected to become prominent markets for the heat pipe market during the forecast period.

Learn more about the geographic spread of this market along with the detailed analysis of major regions. https://www.technavio.com/report/heat-pipes-market-industry-analysis

Analysis of key segments

The growth in heat pipe market share by the aerospace and defense segment will be significant during the forecast period. Heat pipes are widely used in the aerospace and military industries, allowing designers to create mobile actuators, military aircraft, especially in cooling electronics of general aviation fleets, remote terminals and other components while maintaining thermal control in difficult situations. Due to the high production levels, the commercial aviation sector is expected to experience robust revenue growth over the forecast period, mainly due to the demand for next-generation aircraft and the increase in passenger traffic. . In addition, over the next two decades, the number of commercial passengers is expected to quadruple, leading to increased demand for commercial aircraft.

See a FREE sample: to know additional highlights and key points on various market segments and their impact in the years to come.

Main market drivers and trends:

One of the key factors in the growth of the heat pipe market is the growth of the HVAC industry. In HVAC systems, heat pipes are commonly used to recover energy from the cooling and heating phases.

The need for HVAC controls will be driven by the increased demand for heating and air conditioning equipment controls (thermostats) in United States. The increased need for air quality monitoring systems in emerging countries such as China, which helps reduce the prevalence of respiratory disorders, is expected to drive the market expansion.

Heat pipes will be in greater demand as more and more HVAC equipment is installed in residential, commercial and industrial buildings. Almost 40% of the electricity used in commercial buildings is consumed by HVAC. Hence, the growth of HVAC industry will boost the heat pipe market globally. Another factor supporting the growth in heat pipe market share is the use of LHP and PHP in avionics systems.

Download a free sample for highlights on market drivers and trends affecting the heat pipe market.

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Associated reports:

Pistons Market by Application and Geography – Forecast and Analysis 2022-2026

Scope of the heat pipe market

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Speed ​​up to a 6.17% CAGR

Market growth 2021-2025

$ 976.78 million

Market structure

Fragmented

Annual growth (%)

5.75

Regional analysis

APAC, Europe, North America, South America and MEA

Efficient contribution to the market

38% APAC

Main consumer countries

United States, China, Germany, United Kingdom and Japan

Competitive landscape

Leading companies, Competitive strategies, Scope of consumer engagement

Key companies profiled

Advanced Cooling Technologies Inc., Avnet Inc., Foxconn Technology Group, Furukawa Electric Co. Ltd., Innergy Tech Inc., Nidec Corp., Novark Technologies Inc., ThermoTek Inc., Wakefield Thermal Solutions Inc. and WTL Heat Pipe Technology Co Ltd.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Analysis of COVID 19 Impact and Recovery, and Future Consumer Dynamics, Market State Analysis for the forecast period

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

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Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable information to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000 and more reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

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SOURCE Technavio