About Heat Pipes
A heat pipe is a closed evaporator-condenser system that combines the principle of phase transition and thermal conductivity to facilitate the transfer of heat between two solid surfaces. Thermodynamic working fluid contained in the hot side/surface of the heat pipe absorbs heat from the surface and gets converted into vapor. This vapor travels to the cold side and condenses into liquid again and is drawn back to the hot side through capillary action and the action repeats.
Technavio’s analysts forecast the global heat pipes market to grow at a CAGR of 5.33% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global heat pipes market for 2017-2021. To calculate the market size, the report considers new installations.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Heat Pipes Market 2017-2021
Technavio recognizes the following companies as the key players in the global heat pipes market: Advanced cooling technologies, Wakefield- vette, ThermoTek, and Colmac Coil Manufacturing.
Other Prominent Vendors in the market are: Aavid Thermalloy, Asia Vital Components, Chaun Choung Technology (CCI), Cooler Master, DAU, Deepcool Industries, Forcecon Tech, Foxconn, Fujikura, FURUKAWA ELECTRIC, Innergy tech, S & P Coil Products, TaiSol Electronics, and WTL-heatpipe (SHANGHAI WTL HEAT PIPE TECHNOLOGY).
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is use of LHP and PHP in avionic systems. With the growing popularity of high-power electronic devices in avionic systems, the heat dissipated is quite high; the new generation of avionic chassis systems dissipates waste heat of more than a 100 W during operation. For instance, even on a single power supply module, the waste heat can reach a couple of hundred Watts.”
According to the report, one driver in the market is rise in exports of electronic goods from APAC. There has been an increase in the exports of electronic goods from major APAC nations such as Taiwan, Japan, Singapore, and South Korea. For instance, the consumer electronics market in Taiwan is expected to grow significantly during the forecast period. The electronics industries, particularly the semiconductor industry is flourishing in APAC, due to the increased penetration of smartphones, which has led to higher sales and increased production levels. This is expected to drive the market for heat pipes in the region during the forecast period.
Further, the report states that one challenge in the market is decline in number of coal-based power plants. Coal power plants have expensive machinery such as turbines, power generators, boilers, and condensers in place, which, if left under normal conditions, will corrode, leading to the malfunctioning of the power generation plant itself. This is because of the high amount of humidity in the air in power plants, which calls for heat pipes to maintain the temperature level. As coal-based power plants involve high emissions of greenhouse gases (GHG), increasing environmental concerns have led to a shift to renewable sources for power generation, thus reducing the dependence on coal for power generation.
Advanced cooling technologies, Wakefield- vette, ThermoTek, Colmac Coil Manufacturing, Aavid Thermalloy, Asia Vital Components, Chaun Choung Technology (CCI), Cooler Master, DAU, Deepcool Industries, Forcecon Tech, Foxconn, Fujikura, FURUKAWA ELECTRIC, Innergy tech, S & P Coil Products, TaiSol Electronics, and WTL-heatpipe (SHANGHAI WTL HEAT PIPE TECHNOLOGY).