In electronic or mechanical devices it is very important to transfer the heat generated to maintain temperature of the device to an optimal level. Otherwise device may get failure due to overheating. Heat sink is used to serve this purpose. A heat sink is an electronic component used to transfer heat generated by the device to other cooling medium like air or liquid. There is rapid growth in electronic industries and automobile industries during past few years. Therefore demand for heat sink is also increasing.
The principle of working of heat sink is, when there is temperature gradient present between two objects, heat flows from higher temperature object to lower temperature object. Heat sink maximizes area which is in contact with cooling media and allows maximum heat exchange. The dissipation of heat keeps the devices safe from damages. For example, heat sinks are used in computers to cool CPU and graphics processors.
There are basically two types of heat sinks i.e. active heat sinks and passive heat sinks. Active heat sinks use power for its operation. Their construction is like fans. Again active heat sinks are of two types i.e. ball bearing type and sleeve bearing type. Aluminium finned radiators are passive heat sinks. Other types of heat sinks are Machining Heat Sinks, Bonded-Fin Heat Sinks, Folded-Fin Heat Sinks, Skived Heat Sinks and Forged Heat Sinks.
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Heat Sinks Market : Product Type
Heat Sinks Market : Application
Global Heat Sinks Market: Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Global Heat Sinks Market:
Geographical analysis of Heat Sinks Market:
Global Heat Sinks Market Report delivers a comprehensive analysis of the following parameters:
Parameters | Details |
---|---|
Base Year |
2023 |
Historical Data |
2018-2023 |
Forecast Data |
2024-2030 |
Base Year Value (2023) |
USD 7969.08 million |
Forecast Value (2030) |
USD 13135.24 million |
CAGR (2022 to 2028) |
7.4 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Heat Sinks Market was valued at around USD 7969.08 million in 2023 & estimated to reach USD 13135.24 million by 2030.
Heat Sinks Market is likely to grow at compounded annual growth rate (CAGR) of 7.4% between 2024 to 2030.
Yes, the report includes COVID 19 impact on the market.
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