Cold Plates Market

2020 Analysis and Review: Cold Plates Market by Application Type – High Powered Electronics, Wind Turbines, Medical Equipment, and IGBT Modules for 2020 – 2030

Introduction

With the evolving thermal solutions, the cold plates market is witnessing rise in demand across the world. Being the most widely used coolant for liquid cooling applications, cold plates market holds high potential which is anticipated to exhibit impressive growth through the forecast period from the year 2020 to 2030.

Advanced technological solutions and rising demand from end-use industries such as high powered electronics, medical equipment, wind turbines, and others are aiding to the market growth and sustainability.

The increasing focus on miniaturization of electronics components, coupled with the surging demand for cooled liquid systems, is catering to the market growth resulting in high market potential in the long run. According to Future Market Insights (FMI), the global cold plates market is set to grow by 5.2% CAGR by the end of the forecast period from year 2020 to 2030.

Despite  having a few restraining factors such as additional development and maintenance cost, non-operational manufacturing units during lock down due to COVID-19 pandemic, and others, the cold plates market is expected to expand further in the coming years.  

Technological Advancements Paving Growth Avenues

According to FMI, recent advancements in technologies have resulted in the advent of light-weight, highly efficient and affordable equipment such as medical equipment to laboratory plates. Driven by these developments, the demand for cold plates is accelerating steadily.

Cold plates also are finding applications in a wide range of thermal solutions due to the presence of features such as, high heat transfer coefficient, scalability, high heat load and heat flux capacity.

Furthermore, their high thermal conductivity and compact design are making cold plates highly preferred by the advanced technology developers such as automotive components developers, motor devices manufactures, IGBT modules developers and others. With several other advancements on cards, the demand for cold plates is poised to surge considerably in the coming years.

Surging Demand for Medical Equipment Propelling Growth

The medical industry has expanded in the past few years resulting higher demand for modern medical equipment. Medical devices cooling, patient core temperature management, skin cooling, laboratory equipment cooling and others need huge supply of reliable and cost-effective thermal cooling solutions.

 As cold plates provide compact cooling system which can be integrated into the medical systems with battery power for mobility, it is highly preferred by the system designers.

Due to its built-in temperature controller along with the high stability, the cold plates market is gaining traction over the medical equipment industry, which further is getting escalated due to the ongoing COVID-19 pandemic.

Rising Investment in Electronics and Semiconductor

As the investment in the electronics and semiconductor industry has multiplied over the years, the cold plates market has been gaining traction from leading players around the world.

For instance, the National Policy on Electronics (NPE) of India has launched the scheme named Production Linked Incentive Scheme (PLI) to strengthen the electronics industry of India.

UK’s leading future fifty program is enabling small to large industries including electronics and semiconductor ones to evolve further in the global domain. As the key end-user industries of cold plates market is getting stronger, the global cold plates market is expanding rapidly.

Key Challenges

The application of cold plates requires proper knowledge and expert handling. Thermal management being a critical method in high powered electronics, cold-plates require proper installation and maintenance. As cold plates handle thermal and fluid flow issues, the detail architectural as well as scientific knowledge is needed to use it efficiently.

Apart from the above factors, the cold plates market growth has been declined in the current year due to the outbreak of novel coronavirus. As the manufacturing units experienced long shutdowns and shortage in raw materials supply and manpower, the global market has come across reduced demand for cold plates.

Despite of having some restraining factors, the cold plates market is forecast to grow further in the near future.

Region-wise Analysis

North America Cold Plates Market

As the strong customer demand continues to prevail, the North America cold plates market is projected to expand further in the forecast period.

The continuously rising adoption of strategies such as aggressive product introduction, new capacity infusion, fast network expansion and others by the manufacturers is resulting in steady market growth in the competitive environment.

Due to having highly advanced electronics industry, North America Market is exhibiting accelerating growth over the past few years which is anticipated to prevail in the coming years.

According to FMI, US will lead the North America market with a growth of 5.3% CAGR over the forecast period.

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Europe Cold Plates Market

The flourishing demand in the Europe electronics and automotive sector is catering to its cold plates market growth.

Also, the rising healthcare infrastructure is increasing the demand for advanced medical devices requiring thermal management techniques. Medical equipment manufacturers being a key end-user industry is boosting the Europe cold plates market constantly.

According to FMI, Europe cold plates market is expected to remain in the position during the forecast period.

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East Asia Cold Plates Market

As the electronics industry in East Asia is gaining momentum, the demand for cold plates from the leading end user such as high powered electronics is rapidly increasing.

The continuous investments in research and innovations in the East Asia countries, especially, in China, Japan, and others are further propelling to the consistent market growth.

Due to the increased production capacity and abundance of higher value added products, the market potential is escalating exponentially. Furthermore, the multiple governmental funds are attracting overseas cold plate manufacturers to set up their plants in this region.

According to FMI, India is expected to lead the South Asia and Pacific market during the forecast period.

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Category-wise Insights

Stir Welded Cold Plates to Maintain Lead

Stir welded cold plates have high welding strength as well as the exclusive features such as, increased power, decreased space and compact design making it flexible for versatile use. The advanced cold forging method is often chosen by the manufacturers to achieve highly efficient internal structure and thermal requirements.

Stir welded cold plates are first choice for several end user industries starting from high powered electronics to automotive components. This type of cold plates fulfil the consumer electronics market requirement of complex-shaped yet compact cold plates.

According to FMI, stir welded cold plates is expected to lead the global market across all the dominant regions starting from Americas to East Asia.

High Powered Electronics to Sustain as Dominant

During the recent years, the main focus of electronics cooling research has been high heat flux removal while increasing the reliability and efficiency.

Since the past decade the high powered electronics devices have been experiencing a major shifting from air cooling to liquid cooling. Furthermore, various international funds investment, innovation of modern technologies and others have resulted in growth in high powered electronics sector.

The diverse ranges of electronics products, such as industrial battery chargers, electric motors, radio frequency generators, traction devices, mining devices and others require proper thermal cooling system, making this segment dominant among the applications.

According to FMI, high powered electronics sector is expected to prevail as the leading application as well as end-user industry for cold plates market.

Competitive Landscape

Most of the key market are analyzing the market investing heavily along with their own set of goals. Some of the companies are, for instance, investing in advanced solutions to gain competitive advantage. Besides this, product launches continue to remain key strategies adopted by companies operating in the market.

For instance, key market player Parker Hannifin Corporation has come up with their extensive thermal and power management solutions with various type of cold plate designs and functionalities such as THERM-A-GAP 570, THERM-A-GAP 974 and others. The company has also released their Air Oil Cooler Solutions.

France based company CECLA Metal Process has launched their new electronics board cooling solutions with the features of conduction cooling, HSHP, heat sink and others to utilize the huge demand from the electronics industry.

BOYD Corporation has launched their broadest range of liquid cold plate designs and fabrications in the thermal management industry. They have also released their new liquid cold plate selector tool in order to provide more advanced level solutions.

Some of dominant Market Players are-

  • Parker Hannifin Corporation
  • BOYD Corporation
  • Wieland Microcool
  • Columbia-Staver Limited
  • Telerex
  • Sakura
  • Sanhua
  • Stulz GmbH
  • Pollock Industries, Inc., (Advanced Thermoelectric)
  • Dana Limited
  • Priatherm
  • Cofan USA, Inc.
  • CECLA Metal Process
  • SUMITOMO PRECISION PRODUCTS Co., Ltd
  • Kawaso Texcel co., Ltd
  • Malico Inc.

*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report

Cold Plates Market Report: Scope

Attribute

Details

Forecast Period

2020-2030

Historical Data Available for

2015-2019

Market Analysis

USD Million for value and volume (per units)

Key Regions Covered

North America, Latin America, Europe, East Asia, South Asia, Oceania Middle East & Africa

Key Countries Covered

US, Canada, Germany, U.K., France, Italy, Spain, Poland, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Vietnam, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, South Africa

Key Segments Covered

Product Type, Application/End User Industry, and Region

Key Companies Profiled

  • Parker Hannifin Corporation
  • BOYD Corporation
  • Wieland Microcool
  • Columbia-Staver Limited
  • Telerex
  • Sakura
  • Sanhua
  • Stulz GmbH
  • Pollock Industries, Inc., (Advanced Thermoelectric)
  • Dana Limited
  • Priatherm
  • Cofan USA, Inc.
  • CECLA Metal Process
  • SUMITOMO PRECISION PRODUCTS Co., Ltd
  • Kawaso Texcel co., Ltd
  • Malico Inc.

Report Coverage

Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Key Questions Answered by the Report

  • What is the market size for cold plates?

    According to Future Market Insights (FMI), the cold plates market is expected to exhibit a growth of 5.2% CAGR during the forecast period of year 2020 to 2030.

  • Which is the largest market for cold plates?

    At present, region-wise North America is the largest market followed by Latin America and Europe.

  • Which are the top companies in cold plates market?

    Some of the key players in global cold plates market are Parker Hannifin Corporation, BOYD Corporation, Sanhua, Malico Inc., Sakura and others.

  • Which is the most lucrative segment among end users of cold plates?

    Presently, high powered electronics industry is the most lucrative end-user of the cold plates market and expected to sustain in the leading position during the forecast period.

  • Which is the most lucrative segment in terms of product type in cold plates market?

     Currently, Stir Welded Cold Plate is the most lucrative segment due to its diverse applications.

Enquiry before Buying

  • Is this research conducted by Future Market Insights?

    Yes, the research has been conducted by expert analysts of Future Market Insights through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to research analyst

  • What research methodology is followed by FMI?

    FMI follows a methodology that encompasses demand side assessment of the market, and triangulates the same through supply side analysis. This methodology is based on use of standard market structure, methods and definitions. Request detailed methodology

  • Who are the respondents for primary research?

    FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. For a full list of primary respondents, please reach out to us.

  • What are the sources of secondary research?

    FMI conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request. 

  • Is a sample of this report available for evaluation?

    Yes, you can request a sample and it will be sent to you through an email.

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Cold Plates Market Segmentation

Product Type

  • Stir Welded Cold Plate
  • Press Locked Cold Plate
  • Vacuum Brazed Cold Plate
  • Rolled Tube Cold Plate
  • Exposed Tube Cold Plate
  • Vortex Cold Plate
  • Die Cast Cold Plate
  • Other Customized

Application

  • High Powered Electronics
  • Wind Turbines
  • Medical Equipment
  • IGBT modules
  • Motor Devices
  • Lasers
  • Automotive Components
  • Military Equipment
  • Laboratory Plates

Regional Outlook

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of LATAM)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
  • South Asia-Pacific (India, Thailand, Malaysia, Vietnam, Indonesia)
  • MEA (GCC Countries, Turkey, Northern Africa, South Africa)

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