The Heat Pipes Market to achieve an estimation of US$ 4150.6 million by 2025, developing at a CAGR of 7.5% amid the forecast time frame 2017-2025.
A heat pipe is a closed evaporator-condenser framework that consolidates the norm of phase change and thermal conductivity to enable the exchange of heat between two solid surfaces. The thermodynamic working liquid contained in the hot side/surface of the heat pipe assimilates heat from the surface and gets changed over into vapor.
This vapor goes to the cooler side and gathers into a fluid again and is moved back to the hot side through capillary action and the activity rehashes. The Heat Pipes Market, which was esteemed at US$ 2139.8 million in 2016, is relied upon to achieve an estimation of US$ 4150.6 million by 2025, developing at a CAGR of 7.5% amid the forecast time frame 2017-2025.
Global Heat Pipes Market to witness a decline in the number of coal-based power plants
Coal power plants have costly types of hardware, for example, turbines, power generators, boilers, and condensers in place, which, if left under typical conditions, will erode, prompting the breakdown of the power generation plant itself. This is a result of the high measure of humidity noticeable all around in power plants, which calls for heat pipes to keep up the temperature level.
As coal-based power plants involve high outflows of greenhouse gasses (GHG), rising environmental concerns have prompted a move to sustainable resources for power generation, hence lessening the reliance on coal for power generation.
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The most frequently used envelope/fluid heat pipes include:
- The copper envelope is used for electronics cooling. This is by far the most common type of heat pipe.
- Steel envelope/Refrigerant R134a working fluid is used for energy recovery in HVAC systems.
- Aluminum envelope/Ammonia working fluid is used for Spacecraft Thermal Control.
- Super alloy envelope/Alkali Metal (Cesium, Potassium, Sodium) working fluid for high-temperature heat pipes, is most frequently used for calibrating primary temperature measurement devices.
Use of LHP and PHP in avionic systems to dominate the global market in the coming years
One of the factors driving the growth of the market is the use of LHP and PHP in avionic systems. With the developing prevalence of high-power electronic gadgets in avionic frameworks, the heat disseminated is very high; the new generation of avionic suspension frameworks disperses waste heat of more than a 100 W amid operation.
For example, even on a single power supply module, the waste heat can reach several hundred Watts.
High Demand from the APAC Market to drive the growth of the overall market during the forecast period
There has been a rise in the exports of electronic products from major APAC countries, for example, Taiwan, Japan, Singapore, and South Korea. For example, the consumer electronics market in Taiwan is anticipated to develop noticeably amid the forecast time frame.
The electronics industries, particularly the semiconductor industry is flourishing in the APAC region, because of the increase in the use of smartphones, which has encouraged higher sales and increased generation levels. This is relied upon to drive the market for heat pipes in the region amid the projected time frame.
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The report provides both, qualitative and quantitative research of the Global Heat Pipes Market, as well as encompasses worthy insights into rational scenario and favored improvement methods adopted by key contenders. Some of the primary players of Global Heat Pipes Market are Bekaert, Furukawa Electric Co., Ltd., Aavid Corporation, Newidea Technology, Innergy Tech, Forcecon Tech, wtl-heatpipe.com, Wakefield-Vette, Inc., Novark Technologies Inc., and Advanced Cooling Technologies, Inc., among others.
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