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Liquid Cold Plate Market Report
Liquid Cold Plate Market Trends, Dynamics & Market Insights
The Liquid Cold Plate Market is expected to grow from USD 221.3 million in 2020 to USD 252.0 million by 2026 at a CAGR of over 2.2% during the forecast period.
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liquid cold plate will be defined as a plate manufactured from aluminum, copper, or stainless-steel containing internal tubing through which a liquid coolant is forced to soak up heat transferred to the plate by transistors and other components mounted thereon. The liquid cold plate is categorized as standard tube liquid cold plates, exposed tube liquid cold plates, full buried tube liquid cold plates, rolled tube liquid cold plates, custom liquid cold plates, vortex liquid cold plates, and others.
Key players operating in the Liquid Cold Plate Market are-
The growth of the liquid cold plate market is primarily driven by widespread product use in a broad range of applications including high-powered electronics, IGBT modules, lasers, and wind turbines among others. Increasing product demand in automobiles with rapidly expanding automotive production is likely to drive the market growth substantially. Additionally, surging demand for advanced liquid cold plates is likely to create lucrative opportunities for the players operating in the global market in the coming years.
Based on application, the market has been segmented into high-powered electronics, IGBT modules, lasers, wind turbines, automotive components, medical equipment, and others. The high-powered electronics segment accounted for the largest market share in 2020 and is projected to register significant CAGR during the review period. The segment growth can be attributed to the significant growth of the electrical and electronics industry worldwide.
Geographically, the market in Asia-Pacific accounted for the largest market share in 2020 and is expected to register significant CAGR during the review period. The market growth can be attributed to the increasing growth of the electrical & electronics, wind energy, and automotive industries in the developing countries especially China and India coupled with expanding populace and rising per capita disposable income. The market in North America is expected to be driven by demand for advanced liquid cold plates coupled with the established presence of end-use industries.
The covid-19 outbreak posed significant challenges on the industrial sector across geographies. It impacted the growth of the liquid cold plate market negatively as the imposition of lockdown resulted in trade restrictions, closure of manufacturing plants and factories. However, the reopening of economies and ease in lockdown measures bolstered the market growth.
Here is the list of the group of customers that the liquid cold plate market hopes to have the greatest opportunity to convert-
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The liquid cold plate market is expected to witness an impressive growth of 2.2% CAGR in the foreseeable future.
Boyd Corporation (US), Richardson RFPD, Inc. (US), ThermAvant Technologies (US), Advanced Cooling Technologies, Inc. (US), Wakefield Thermal Solutions, Inc. (US), Kawaso Texcel (Japan), Advanced Thermal Solutions Inc. (US), Aavid (US), Asia Vital Components Co., Ltd. (Taiwan), Wolverine Tube, Inc. (US), HS Marston Aerospace (UK), Ellediesse Srl (Italy) and Hitachi, Ltd. (Japan) are among the key players in the liquid cold plate market.
The liquid cold plate market size is expected to reach USD 252.0 million in the foreseeable future.
The high-powered electronics segment is expected to witness significant growth in the coming years.
Asia-pacific accounted for the largest share in the liquid cold plate market in 2020.
Liquid cold plate manufacturers, Liquid cold plate suppliers, Liquid cold plate distributors, Organizations, Government bodies are the target audience in the liquid cold plate market.
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