Aluminum air pipes

Heat Pipes Market Size Will Grow by USD 976.78 Million | APAC will become the biggest market

Factors such as the growth of the HVAC industry, increasing exports of electronic products and increasing use of heat pipes in meat and poultry processing will present immense growth opportunities for the market players. However, volatility in oil and gas prices will reduce sellers’ growth potential.

Companies covered:

Technavio identifies the following as some of the dominant market players.

Advanced Cooling Technologies Inc. : The Company offers a wide range of products, including pumped two-phase cooling systems, thermal engineering services, heat pipes for thermal management, liquid cooling plates, and more.

Avnet Inc.: The company offers heat pipes for different purposes such as aerospace, consumer electronics, servers and others.

Foxconn Technology Group: The company offers heat pipes for different purposes such as f-mechanics, heat transfer, sandblasting and others.

Furukawa Electric Co.Ltd. : The Company offers heat pipes for air blowers, integrated heat pipe systems and others.

Innergy Tech Inc. : The Company offers a wide range of products, including heat pipes, energy harvesting wheels, sensitive plates, enthalpy plates and cores.

Heat Pipes Market: Segment Highlights

  • By end users, the market is analyzed into segments such as aerospace & defense, automotive, food & beverage, etc.
  • The aerospace and defense segment accounted for strong market growth in 2021.
  • Factors such as steadily increasing commercial aircraft fleets and rising global defense budgets will drive the growth of the segment over the forecast period.

Regional analysis

  • 38% of the growth will come from the APAC region.
  • Rising demand for heat pipes from food processing, automotive, electronics and aerospace industries will drive the growth of the heat pipes market in APAC.
  • China and Japan are the major markets for heat pipes in APAC.
  • Market growth in this region will be faster than market growth in European and North American regions.

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Remarks:

  • The heat pipes market size is expected to accelerate at a CAGR of 6.17% during the forecast period.
  • The heat pipes market is segmented by end-user (aerospace and defense, automotive, food and beverage, etc.) and geography (APAC, Europe, North America, South Americaand MEA).
  • The market is fragmented due to the presence of numerous established vendors holding a large market share.
  • The research report offers insights on several market vendors 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. and WTL Heat Pipe Technology Co. Ltd.

Related reports:

Industrial Heat Pump Market by End User and Geography – Forecast and Analysis 2021-2025

Geothermal Heat Pump Market by End User and Geographic Forecast and Analysis 2022-2026

Heat Pipes Market Scope

Report cover

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 6.17%

Market Growth 2021-2025

$976.78 million

Market structure

Fragmented

Annual growth (%)

5.75

Regional analysis

APAC, Europe, North America, South America and MEA

Successful market contribution

APAC at 38%

Main consumer countries

United States, China, Germany, United Kingdom and Japan

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

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 Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents:

Abstract

Market landscape

  • Market ecosystem
  • Value chain analysis

Market sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market Outlook: Predictions for 2020 – 2025

Five forces analysis

  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new entrants
  • The threat of substitutes
  • Threat of rivalry
  • Market state

Market segmentation by end user

  • Market segments
  • Comparison by end user
  • Aerospace and Defense – Market size and forecast 2020-2025
  • Automotive – Market size and forecast 2020-2025
  • Food and beverages – Market size and forecast 2020-2025
  • Others – Market size and forecast 2020-2025
  • Market opportunity by end user

Customer landscape

Geographic landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2020-2025
  • Europe – Market size and forecast 2020-2025
  • North America – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • Main leading countries
  • Market Opportunity by Geography
  • Market factors
  • Market challenges
  • Market trends

Supplier Landscape

  • Supplier Landscape
  • Landscape disturbance

Vendor analysis

  • Suppliers Covered
  • Positioning on the supplier market
  • 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.

appendix

  • Report scope
  • Currency conversion rates for the US dollar
  • Research methodology
  • Abreviations list

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