Global Cold Plates Market is valued at approximately XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2022-2028.Cold plates are a method of implementing localised cooling of power electronics by transferring heat from a device to a liquid, which then flows to a remote heat exchanger before dissipating into the ambient or another liquid in secondary cooling systems. The liquid cold plates are a difficult choice for high power electronics, lasers, motor devices, wind turbines, and other applications where liquid cooling is required.The cold plate market is experiencing rapid growth as a result of significant development in end-use industries such as electronics and automotive. Leading players are vying for new contracts for cold plates, and competition among players is fierce. The global cold plates industry is expected to consolidate, with well-known market participants focusing on increasing their market share through expansion and acquisition in order to maintain their global leadership. As an example, Parker Hannifin Corporation's Precision Cooling Business ("PCB"), a leading supplier of Pumped Two Phase Cooling products for power electronics applications, was acquired by Advanced Cooling Technologies, Inc. in January 2019. The increased use of miniaturized electronics components in a wide range of products is expected to drive the growth of the lightweight and higher fin density cold plates market.The growing preference for advanced liquid-cooled thermal solutions is expected to drive global market demand.Production activities for almost all industries, including automotive, electronics, and semiconductors, have been halted, resulting in a decrease in demand for cold plates and a drop in Y-O-Y growth.
The key regions considered for the global Cold Plates market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World.North America is expected to hold dominance. The region has technological advantages and is a key location for manufacturers all over the world, which is expected to fuel the growth of the cold plates market. Strong supply base due to the presence of key manufacturers also contributes to the North American market growth.
Major market players included in this report are:
Parker Hannifin Corporation
Sanhua Holding Group Co., Ltd
Sumitomo Precision Products Co Ltd.
Columbia Staver Ltd.
Wakefield Thermal Solutions Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By 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 Cold Plate
High Powered Electronics
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Cold Plates Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers