Heat Sinks Market Report 2024 (Global Edition)

Global Heat Sinks Market Report 2024 Market Size Split by Type (Active, Passive), by Substance (Aluminium, Copper, Others), by Industry (Aerospace & Defence, Automotive, Consumer Electronics, Medical ...

Heat Sinks Market Report Description

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Heat Sinks Market Insights Video

Competitive Landscape of the Heat Sink Market

The competitive landscape of the Heat Sink Market is characterized by a range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established Heat Sink companies and emerging start-ups aiming to disrupt the market with innovative solutions.

November 2023: Future Electronics, a top distributor of electronic components across the globe, has formed a partnership with Boyd Corporation on a digital campaign to offer clients innovative heat sink solutions for various applications. (Source: https://www.futureelectronics.com/blog/news/boyd-corporation-heat-sink-solutions/) October 2023: Advanced Thermal Solutions, Inc. (ATS) has announced the release of a new heat sink designed especially for cooling NVIDIA Jetson modules, which are frequently utilized in robotics, embedded systems, and edge artificial intelligence applications. For safe through-hole mounting onto a PCB, each straight-fin, black anodized aluminum heat sink is supplied with mounting screws or a steel leaf spring and screws. There are guidelines for the hole patterns. The attachment side of the heat sink has a pre-assembled high-performance thermal interface material (TIM). (Source: https://www.qats.com/cms/category/thermal-management/)

Top Companies Market Share in Heat Sinks Industry: (In no particular order of Rank)

• Advanced Thermal Solutions
• Inc.
• Alpha Company Ltd.
• PA International
• Priatherm
• ABB
• Boyd Corporation
• Wakefield-Vette
• AMETEK
• Inc.
• Bluecore Heatsinks
• C&H Technology
• Inc.
• Shenzhen Lori Technology Co.
• Ltd.
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Heat Sink Market

Which Region Dominates the Heat Sink Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to the presence of automotive and electronics manufacturers. Moreover, the technological development is projected to drive the market growth in the coming years.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Heat Sink Market due to the increasing investment by market players and rising adoption of electronic devices. Furthermore, increased automobile manufacturing and growing production of semiconductors in developing economies, including China, Japan, and India, are driving the regional market growth.

The current report Scope analyzes Heat Sinks Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Heat Sinks Market

According to Cognitive Market Research, the global Heat Sink Market size was estimated at USD 6124.5 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 2449.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Heat Sink Market with a market size of USD 1932.89 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. The nation's focus is on sustainability and technological advancements.
• The Canada Heat Sink Market had a market share of USD 293.98 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Canada's growing demand for data centers and servers.
• The Mexico Heat Sink Market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 222.93 million in 2024.

Europe Heat Sinks Market

According to Cognitive Market Research, the global Heat Sink Market size was estimated at USD 6124.5 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 1837.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.

• The United Kingdom Heat Sink Market had a market share of USD 308.67 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. In the UK, Heat Sink sales witness an upswing due to the nation's focus on sustainability and energy efficiency.
• The France Heat Sink Market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 169.04 million in 2024.
• According to Cognitive Market Research, the German Heat Sink Market size was valued at USD 363.80 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. In Germany, Heat Sink surged due to the rise in production activities in various industries such as automobile, electronics, transportation, and aerospace & defense.
• The Italy Heat Sink Market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 158.01 million in 2024.
• The Russia Heat Sink Market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 284.79 million in 2024.
• The Spain Heat Sink Market is projected to witness growth at a CAGR of 5.6% during the forecast period with a market size of USD 150.66 million in 2024
• The Luxembourg Heat Sink Market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 56.96 million in 2024.
• The Portugal Heat Sink Market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 38.58 million in 2024.
• The Greece Heat Sink Market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 22.05 million in 2024.
• Rest of Europe's Heat Sink Market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 284.79 million in 2024.

Asia Pacific Heat Sinks Market

According to Cognitive Market Research, the global Heat Sink Market size was estimated at USD 6124.5 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1408.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Heat Sink Market size was valued at USD 633.89 million in 2024 and is projected to grow at a CAGR of 9.5% during the forecast period. Heat Sink surged in China due to the growing electrical and electronics industry.
• The Japan Heat Sink Market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 194.39 million in 2024.
• The India Heat Sink Market had a market share of USD 169.04 million in 2024 and is projected to grow at a CAGR of 11.8% during the forecast period. Rising foreign investment due to the availability of raw materials and low labor costs is propelling market growth.
• The South Korean Heat Sink Market is projected to witness growth at a CAGR of 9.1% during the forecast period, with a market size of USD 140.86 million in 2024.
• The Australian Heat Sink Market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 73.25 million in 2024.
• The South East Asia Heat Sink Market is projected to witness growth at a CAGR of 11.0% during the forecast period, with a market size of USD 97.20 million in 2024.
• The Rest of Asia Pacific Heat Sink Market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 100.01 million in 2024.

South America Heat Sinks Market

According to Cognitive Market Research, the global Heat Sink Market size was estimated at USD 6124.5 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 306.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Heat Sink Market size was valued at USD 131.06 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. Heat Sinks flourished in Brazil due to the growing adoption of industrial automation.
• Argentina's Heat Sink Market had a market share of USD 51.45 million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. Argentina's focus on energy efficiency augments the demand.
• Colombia Heat Sink Market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 27.25 million in 2024.
• Peru Heat Sink Market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 25.11 million in 2024.
• Chile Heat Sink Market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 22.05 million in 2024.
• The Rest of Latin America's Heat Sink Market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 49.30 million in 2024.

Middle East and Africa Heat Sinks Market

According to Cognitive Market Research, the global Heat Sink Market size was estimated at USD 6124.5 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 122.49 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031..

• The GCC Countries Heat Sink Market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 52.43 million in 2024. Heat Sink sales flourish due to the growing infrastructural developments.
• The Egypt Heat Sink Market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 12.86 million in 2024.
• The South Africa Heat Sink Market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 19.35 million in 2024. Heat Sink sales flourish in South Africa due to growing industrialization and rising demand for EVs.
• The Turkey Heat Sink Market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 10.53 million in 2024.
• The Nigeria Heat Sink Market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 12.86 million in 2024.
• The Rest of MEA Heat Sink Market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 14.45 million in 2024.

Heat Sinks Market Analysis

Heat Sink Market Type Segment Analysis

According to Cognitive Market Research, active stands out as the dominant category over the projected period. The device known as an active heat sink aids in the removal of extra heat from electronic components and products. It consists of a copper base on which a variety of metal fins are connected. The heat is dispersed more effectively due to the wind across these metal fins. The market's expansion is often related to the rising demand for electronics and the growing popularity of active heat sinks in the telecommunications and automotive sectors.

Passive emerges as the fastest-growing category in the Heat Sink Market. The purpose of passive heat sinks is to move thermal energy from a hot object to a cooled object. This is accomplished by giving the object more surface area or by creating a channel for air to pass through it. Copper and aluminum are two common materials used to make passive heat sinks. These materials have strong thermal conductivity. The primary drivers of this expansion include the growing market for energy-efficient products as well as a variety of applications, including industrial PCs, servers, cars, and LED lighting.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Heat Sinks Industry. Request a Free Sample PDF!

Heat Sink Market Substance Segment Analysis

According to Cognitive Market Research, the dominant category is aluminum. Aluminum-based heat sinks are more efficient than other types because they are lightweight, sturdy, resilient, corrosion-resistant, and have good thermal conductivity. Aluminum is also less expensive and easier to work with compared to other metals, which increases the productivity of aluminum heat sink production.

The fastest-growing category in the Heat sink market is copper due to the longer service life that it provides. The market for copper heat sinks is anticipated to grow as a result of the growing use of copper-based heat sinks in hard drives, graphic cards, chassis, and other computer components. The heat sink market is projected to experience a large increase in copper demand due to rising consumer demand for energy-efficient products.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Heat Sinks Industry Segment Analysis

Heat Sink Market Industry Segment Analysis

According to Cognitive Market Research, the dominant category is automotive. Heat sinks improve performance and guarantee vehicle safety, which increases customer satisfaction. Furthermore, heat sinks are essential for preserving thermal management in electrical vehicles, which increases longevity, performance, and safety. The growing number of electric vehicles being sold is contributing to this segment's expansion. Furthermore, improvements in battery life optimization and safety features in electric vehicle heat sink designs, which are the result of technical breakthroughs, are anticipated to boost the market throughout the projected period.

The fastest-growing category in the Heat Sink Market is consumer electronics due to the growing consumer demand for game consoles, laptops, and smartphones. This market is primarily driven by the requirement for effective heat management and the miniaturization of electronic components. These heat sinks are offered in a variety of sizes and shapes to fulfill the various demands of electronic manufacturers. Heat Sinks are utilized in many different applications, including high-intensity discharge (HID) lamps, power amplifiers, and computers.

• Aerospace & Defence
• Automotive
• Consumer Electronics
• Medical Equipment
• General Industries
• Others

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

LinkedIn

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ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

Author's Conclusion