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NEW YORK , April 6, 2022 /PRNewswire/ -- The global heat pipes market size is expected to increase by USD 976.78 million between 2020 and 2025. The market observed a YOY growth of 5.75% in 2021 and the growth momentum is expected to accelerate at a CAGR of 6.17% during the forecast period. The report provides a comprehensive analysis of recent developments, new product launches, major revenue-generating segments, and market behavior across geographies.
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Factors such as the growth in the HVAC industry, rise in exports of electronic goods, and increase in the use of heat pipes in meat and poultry processing will present immense growth opportunities for market players. However, the volatility in oil and gas prices will reduce the growth potential of vendors.
Technavio identifies the following as some of the dominant players in the market.
Advanced Cooling Technologies Inc.: The company offers a broad range of products including pumped two phase cooling systems, thermal technical services, heat pipes for thermal management, liquid cold plates, and others.
Avnet Inc.: The company offers heat pipes for different purposes such as Aerospace, Consumer electronics, Server, and others.
Foxconn Technology Group: The company offers heat pipes for different purposes such as f-mechanical, heat transfer, blasting, and others.
Furukawa Electric Co. Ltd.: The company offers heat pipes for air kickers, heat pipe embedded systems, and others.
Innergy Tech Inc.: The company offers a broad range of products including heat pipes, energy recovery wheels, sensible plates, enthalpy plates, and cores.
Heat Pipes Market: Segment Highlights
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Industrial Heat Pumps Market by End-user and Geography - Forecast and Analysis 2021-2025
Geothermal Heat Pump Market by End-user and Geography Forecast and Analysis 2022-2026
Accelerate at a CAGR of 6.17%
APAC, Europe, North America, South America, and MEA
US, China, Germany, UK, and Japan
Leading companies, competitive strategies, consumer engagement scope
Advanced Cooling Technologies Inc., Avnet Inc., Foxconn Technology Group, Furukawa Electric Co. Ltd., Innergy Tech Inc., Nidec Corp., Novark Technologies Inc., ThermoTek Inc., Wakefield Thermal Solutions Inc., and WTL Heat Pipe Technology Co. Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period.
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About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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