DUBAI, United Arab Emirates, March 29, 2022 (GLOBE NEWSWIRE) -- In response to the surging application of cooled liquid systems in-built with cold plates instead of forced air cooling systems, the cold plates market demand is rising rapidly. According to Future Market Insights (FMI), the global cold plates market is expected to grow by 5.3% CAGR during the forecast period from year 2022 to 2030.
| Cold Plates Market Value (2021A) | US$ 357.3 Mn | |
| Cold Plates Market Estimates (2022E) | US$ 374.5 Mn | |
| Cold Plates Market Forecasts (2030F) | US$ 569.8 Mn | |
| Value CAGR (2022-2030) | 5.3% | |
| Collective Value Share: Top 3 Countries (2022E) | 55% | |
The increase in focus on miniaturized electronics components are leading the cold plates market towards further growth across the globe.
Despite of being affected by the novel coronavirus outbreak due to shutting down of manufacturing units, crisis in raw materials and labors, decline in demand and others, the market holds strong potential to excel.
Request A Sample To Obtain Authentic Analysis And Comprehensive Market Insights At- https://www.futuremarketinsights.com/reports/sample/rep-gb-12686
As the cold plates market is expanding across the world creating huge scope for the market players, top companies such as BOYD Corporation, Telerex, Wieland Microcool, Cofan USA Inc., and others have started adopting strategic ways to utilize the opportunities.
The FMI report offers a detailed analysis of the global cold plates market, its growth, scopes and potential during the forecast period.
Some of the key takeaways from the report are highlighted below-
- The global cold plates market is expected to grow by 5.2% CAGR during the forecast period from the year 2020 to 2030
- Exclusive features of cold plates such as minimizing noise effects, reliability, adaptability to wide ranges of temperature and others are forecast to market growth
- Introduction to highly efficient customized products is projected to steer cold plates market demand throughout the forecast period
- Surge in miniaturized electronics components used in diverse range of products is expected to propel the lightweight and higher fin density cold plates market growth.
- Growing inclination towards advanced liquid-cooled thermal solutions is anticipated to spur the market demand all over the world
- High-powered electronics will sustain as the leading applications of the market
- Region-wise North America, followed by Latin America and Europe will dominate the global market
- Growth in semiconductor and electronics industry will cater to the market growth in the coming years
“Surge in miniaturized electronics component and increasing inclination towards liquid-cooled thermal solutions is anticipated to propel the global cold plates market growth during the forecast period from the year 2020 to 2030.”- says an FMI analyst.
Get Customization On This Report For Specific Country - https://www.futuremarketinsights.com/customization-available/rep-gb-12686
Surge in Liquid-Cooled Thermal Solutions Demand Driving Growth
The modern day technology needs smaller microprocessors to operate, which results in excessive power consumption, rising heat flux and other issues. Due to these cons the circuit designers need to develop more efficient system which are more expensive and less attractive in terms of usage flexibility.
As the requirement of liquid-cooled solutions have been increasing rapidly, various industries such as high power electronics developers, motor devices manufacturers, automotive components developers and others are opting for affordable options. As a result, the demand for advanced cold plates is increasing worldwide.
New-age Technologies Aiding Expansion
The advancement in technologies coupled with the increase in light-weight and affordable equipment demand in various applications such as, lasers, military equipment, medical equipment and others are boosting the global market growth.
The modern-age cold plates are suitable to be used as light-weighted system components with high performing capability. As the cold plates help in achieving better coefficient of temperature expansion (CTE), it is widely preferred among the diverse end users.
Due to their high thermal conductivity and compact design, cold plates market demand is anticipating further surge in growth in the coming years.
Discover More About Report Analysis with Figures and Data Tables, Along with The Table of Contents. Feel Free to Ask an Analyst- https://www.futuremarketinsights.com/ask-question/rep-gb-12686
Sluggish Growth Likely Due to COVID-19
The COVID-19 pandemic brought the cold plates market to a stand-still for some time. Restraining factors such as hampered supply chain management, nonoperational manufacturing units due to lock down and others have resulted in decline in the market growth during the current year.
As more people are getting inclined towards consuming more essential products, the global market is experiencing less demand for various cold plates applications such as, motor devices, wind turbines and others. In the other hand the increased demand for medical equipment has worked in favor of cold plates market.
Despite of facing a few issues due to COVID-19, the cold plates market is anticipated to exhibit continuous growth during the forecast period from year 2020 to 2030.
Who is winning?
Due to the surging demand for cold plates from the various end-user industries such as high powered electronics equipment developers, medical equipment developers and others, the market is expected to experience acceleration in growth.
The key market players such as, Parker Hannifin Corporation, Columbia-Staver Limited, Wieland Microcool, BOYD Corporation, Cofan USA, Inc., and others have started taking innovative approaches to dominate the market.
For instance, the key market player BOYD Corporation has brought their new ranges of thermal solutions with special emphasis on liquid cold plates with the feature of removing heat from high heat load surfaces for cooling in a complete liquid system.
Parker Hannifin Corporation has launched their new set of thermal and power management products with the availability of diverse ranges of cold plates such as THERM-A_GAP HCS10 thermally conductive gap filler pads, CHO-THERM Thermally conductive electrical insulator pads and others.
Contact Sales For Further Assistance In Purchasing This Report- https://www.futuremarketinsights.com/checkout/12686
Cofan USA, Inc. has released their exclusive thermal stimulation with the latest software to handle complex CFD stimulations and CAD modelling utilizing the best of the benefits of cold plates.
As the global market is anticipated to witness further growth in the coming years, the competitive market players are investing heavily to lead the market.
Scope of Report
| Attribute | Details |
| Forecast Period | 2022 – 2030 |
| Historical Data Available for | 2015-2021 |
| Market Analysis | USD Million for Value and Thousand Units for Volume |
| Key Regions Covered | North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa |
| Key Countries Covered | US, Canada, Germany, U.K., France, Italy, NORDICS, Spain, Russia, Poland, BENELUX, China, Japan, India, ASEAN, South Korea, Taiwan, Brazil, Mexico, GCC Countries, South Africa, Northern Africa, Turkey, |
| Key Segments Covered | Product Type, Application and Region |
| Key Companies Profiled |
|
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
Explore FMI’s Extensive Ongoing Coverage on Chemicals & Materials Domain
Paper Processing Resins Market: The global sales of paper processing resins are anticipated to rise at a significant pace over the forecast period from 2022 to 2032.
Weighing Agents Market: The global weighing agents market is forecast to register significant growth during the forecast period from 2022 to 2032.
Flexographic Ink Market: The demand for flexographic printing ink from packaging industry is increasing with the rising interest of packaging manufactures to develop attractive packaging.
Bio-Plasticizers Market: The growth of the Bio-Plasticizers market is attributed to the ongoing research on bio-based plasticizers, which is likely to create opportunities for the market in the forthcoming years.
Transformer Oil Market: Global Transformer Oil Market demand is anticipated to be valued at US$ 2.02 Billion in 2022, forecast to grow at a CAGR of 7% to be valued at US$ 4 Billion from 2022 to 2032.
Ballistic Protection Materials Market: Global Ballistic Protection Materials demand is anticipated to be valued at US$ 11.80 Billion in 2022, forecast to grow at approximately CAGR of 6% to be valued at US$ 21 Billion from 2022 to 2032.
Wind Turbine Composite Materials Market: The global wind turbine composite materials market is expected to be valued at USD 12 Billion in 2022 and secure USD 25.4 Billion by 2032.
Acetonitrile Market: Global Acetonitrile Market demand is anticipated to be valued at US$ 277 Million in 2022, forecast to grow at a CAGR of 5.5% to be valued at US$ 473 Million from 2022 to 2032.
Acrylamide Market: During the forecast period, the acrylamide market is expected to grow at a CAGR of more than 4%. The growing demand for the enhanced oil recovery (EOR) process is expected to drive the acrylamide market, as polyacrylamide is widely used in this process.
Polypropylene Random Copolymers Market: The global polypropylene random copolymers market was worth US$ 8.3 Billion in revenue in 2021, and it is expected to grow at a CAGR of 5.8% between 2022 and 2032.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/
Report: https://www.futuremarketinsights.com/reports/cold-plates-market
