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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Heat Sinks Market Growth
A heat sink refers to an electronic device thermally conductive in nature, which draws up and disseminates heat, away from a high temperature system. Heat sinks are usually made up of metals such as aluminium or copper, which are used to cool down internal systems of several industrial components like refrigerators, CPU, and transistors, among others.
Some of the key drivers bolstering the heat sinks market development include the increasing demand for heat sinks due to the expansion of semiconductor manufacturing businesses in regions like China and South Korea, the rising car production globally leading to a higher need for heat sinks, and the growing demand for servers and data centres.
Additionally, the trend towards designing electronics systems with increased functionality in smaller form factors is boosting the demand for heat sinks, especially with the upcoming implementation of technologies like 5G, which will require efficient thermal management solutions to support industries like smart cities, robotics, and manufacturing automation.
Heat Sinks Market Report Snapshots
Heat Sinks Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the heat sinks market reached an approximate value of USD 7.37 billion.
The market is expected to grow at a CAGR of 6.50% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to USD 12.99 billion by 2032.
The major drivers of the market include the increasing applications of heat sinks in high-power semiconductors, rising sales of automobiles, and increasing demand for consumer electronics.
Key trends aiding market expansion include the growing popularity of electric vehicles, enhancements in thermal management systems of various electronics, and growing research and development activities to enhance the efficiency of heat sinks.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Copper heat sink, aluminium heat sink, and copper aluminium heat sink are the different product types in the market.
Automobile and electronic are the significant industry verticals in the market.
The major components of heat sink include metal such as aluminium or copper, fan, and conductive thick plate, among others.
Key players in the market are Sunonwealth Electric Machine Industry Co. Ltd., Advanced Thermal Solutions, Inc., Aavid Thermalloy, LLC, Apex Microtechnology, CUI Inc., and Comair Rotron, among others.
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