Dublin, July 30, 2024 (GLOBE NEWSWIRE) -- The "Heat Pipes - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Heat Pipes was valued at an estimated US$3.3 Billion in 2023 and is projected to reach US$4.4 Billion by 2030, growing at a CAGR of 4.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
In the coming years, there will be growing adoption of advanced heat pipe technologies, such as loop heat pipes (LHPs) and pulsating heat pipes (PHPs), particularly in aerospace and avionics systems. These sophisticated heat pipe variants offer superior heat transfer capabilities and are essential for the thermal management of high-performance avionics.
The adoption of LHPs and PHPs is driven by their advantages, including low power consumption, high system reliability, and enhanced heat transfer efficiency. These characteristics make them ideal for modern aerospace applications, which require compact and efficient thermal management solutions.
Furthermore, the increasing focus on reducing global carbon footprints and enhancing energy efficiency is boosting the demand for heat pipes in renewable energy systems. Heat pipes play a critical role in heat exchangers used in renewable energy applications, ensuring efficient heat transfer and contributing to the overall sustainability of these technologies.
As countries worldwide implement more stringent renewable energy targets and policies, the demand for heat pipes is expected to grow, highlighting their importance in the transition to a more sustainable energy future.
Key Questions Answered:
- How is the Global Heat Pipes Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Vapor Chamber Heat Pipe segment, which is expected to reach US$1.5 Billion by 2030 with a CAGR of a 5.4%. The Loop Heat Pipe segment is also set to grow at 4.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $895.8 Million in 2023, and China, forecasted to grow at an impressive 7.3% CAGR to reach $901.8 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Acrolab Ltd., Arquimea Group, S.A., Atherm, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 401 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $3.3 Billion |
| Forecasted Market Value (USD) by 2030 | $4.4 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- Global Economic Update
- Heat Pipes - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Growing Demand for Electronic Goods Drives Adoption of Heat Pipes
- Rising Penetration of Smartphones Spurs Demand for Efficient Thermal Management
- Enhanced Energy Efficiency Requirements in Consumer Electronics Throws the Spotlight on Heat Pipes
- Shift Towards Renewable Energy Accelerates Demand for Heat Exchanger Systems Utilizing Heat Pipes
- Advancements in Avionics Systems Strengthen Business Case for Loop Heat Pipes (LHPs) and Pulsating Heat Pipes (PHPs)
- Expansion of HVAC Systems Market Expands Addressable Market Opportunity for Heat Pipes
- Development of High-Performance Computing Devices Generates Demand for Advanced Heat Pipe Solutions
- Rising Popularity of Smart Grid Technologies Spurs Adoption of Heat Pipes in Power Transmission Systems
- Growing Concerns Over Thermal Management in Electric Vehicles Generates Opportunities for Heat Pipe Integration
- Innovations in Heat Pipe Materials and Designs Strengthen Their Market Position in High-Performance Applications
- Emerging Technologies in Electronics Cooling Systems Sustain Growth in the Heat Pipe Market
- How Technological Advancements in Aerospace Applications Propel Heat Pipe Demand
- Advances in Thermal Management Technologies Drives Continuous Improvement and Adoption of Heat Pipes
FOCUS ON SELECT PLAYERS (Total 44 Featured)
- Acrolab Ltd.
- Arquimea Group, S.A.
- Atherm
- Boyd Corporation
- Cooler Master Technology Inc
- Delta Electronics, Inc.
- Fujikura Ltd.
- HALA Contec GmbH & Co. KG
- Innergy Tech, Inc.
- Nanjing Shengnuo Heat Pipe Co., Ltd.
- Noren Thermal Inc.
- Novark Technologies, Inc.
- Rego Electronics, Inc.
- Telerex Nederland B.V.
- ThermAvant Technologies
- Wakefield Thermal, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/mpzf
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