Overview

Heat Pipe Market Introduction:

Heat Pipe Market is Estimated to Register a CAGR of Over 4% During the Forecast Period 2020 to 2027.

A heat pipe is a closed condenser framework that combines the principles of phase transition and thermal conductivity to transfer heat between two solid interfaces. A liquid at the hot heat pipe interface comes under contact with a solid, thermally conductive surface that turns it into a vapour utilizing surface heat absorption. Heat pipes are primarily used in the heating ventilation and air conditioning (HVAC) systems for recovering the energy from the heating and cooling phases. It is similar to the air to heat exchangers comprising of the metallic tube that is charged with a refrigerant after the creation of a vacuum.

There has been a rise in the deployment of HVAC systems in domestic, commercial and industrial buildings which has increased the demand for heat pipes significantly. HVAC consumes about half of the total electricity used in commercial buildings which indirectly bolsters the market.

The adoption of pulsating heat pipes (PHP) and loop heat pipes (LHP), especially in avionics, is the newest industry trend in the heat pipes market. High-power electronic devices are primarily used in avionics systems and these systems dissipate a lot of heat, over 100 W when operating at full capacity.

The biggest challenge for the market is the closure of coal-based power plants due to the emission of greenhouse gases by these plants. Heat pipes are primarily used in such plants for heat management of turbines, generators, boilers and condensers. Owing to environmental concerns and availability of alternatives that can replace exhaustible resources has led to the closure of many coal-based power plants which can hamper the heat pipe market growth.

Key market players include Aavid Thermallogy, Asia Vital Components, Deepcool Industries, Chaun Choung Technology, Foxconn, Cooler Master, Furukawa Electric, Forcecon Tech, TaiSol Electronics, Fujikura, WTL Heat Pipe.

Heat Pipe Market Segmentation:

By Type

Vapour Chamber
Variable Conductance
Diode
Thermosyphon
Others

By End User

Automotive
Aerospace & Defence
Food & Beverage
Energy & Power

By Region

North America
Europe
Asia Pacific
Rest of the World

Competitive Landscape:

Tier 1 players- established companies in the market with a major market share
Tier 2 players
Emerging players which are growing rapidly
New Entrants

FutureWise Key Takeaways:

Growth prospects
SWOT analysis
Key trends
Key data-points affecting market growth

Objectives of the Study:

To provide with an exhaustive analysis on the heat pipe market by type, by end user and by region
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)— North America, Asia Pacific, Europe and rest of the world
To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
Profiling of companies to evaluate their market shares, strategies, financials and core competencies