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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Heat Sinks Market Analysis by Region
Asia Pacific region to hold a significant presence in the market due to its robust automotive sector
Asia Pacific holds a sizable market share due to the rise of the consumer electronics sector and increased car production, which drives the demand for heat sinks. Additionally, the expansion of semiconductor manufacturing businesses in countries like China and South Korea is boosting the thermal management market in the Asia Pacific.
In North America and Europe, the heat sink market share is projected to grow rapidly. The demand for servers and data centres has been increasing in these regions, leading to a surge in the need for heat sinks to regulate thermal activities for smooth device operation. The market in North America and Europe is expected to grow at a rapid rate due to the increasing demand for various devices requiring effective thermal management.
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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