The market for aluminium cold plates is expanding as a result of the rising need for high power electronic equipment, laser devices, power conversion equipment, medical equipment, defence, and aerospace applications. Aluminum cold plates also outperform their competitors in terms of thermal performance thanks to their low thermal resistance and high surface quality. Additionally, as LED lighting is used more frequently, demand for aluminium cold plates has surged because of aluminum's superior capacity to dissipate heat compared to other materials.
Due to their exceptional thermal performance, low price, and wide range of applications, aluminium cold plates are in high demand. Automotive, aerospace and defence, telecommunications, information technology, medical devices, and consumer electronics are just a few of the industries that use aluminium cold plates. Additionally, producers can lower the size and weight of finished goods while still getting better cooling reliability and performance.
The market for aluminium cold plates has many benefits, including excellent thermal performance, cheap cost, and a wide range of applications. Because they may be altered for various uses, they also provide greater design flexibility. Additionally, aluminium cold plates have a superior surface polish and exceptional corrosion resistance. This makes them the perfect option for a variety of sectors, including consumer electronics, medical devices, aerospace and defence, and the automotive industry.
An electronic part called an aluminium cold plate is used to move heat away from a specific source. It consists of a base made of metal, typically aluminium or copper, with coolant tubes inside. Thermal conduction allows the coolant to go through the channels while dissipating heat from the source. This aids in preserving the electronic equipment's long-term performance and reliability.
At a CAGR of 4.72% over the forecast period, the market for aluminium cold plates is anticipated to increase from USD 1.50 billion in 2021 to USD 2.06 billion by 2031.
This market is expanding as a result of the rising demand for high-powered electronics and LED lights on a global scale. This market is expanding as a result of rising demand for medical devices as well as applications in defence and aerospace.
Rising raw material costs, particularly for aluminium and copper, and high manufacturing costs are some of the factors limiting the growth of the aluminium cold plate market. The market's acceptance may also be hampered by a lack of standardization in product design and specifications. Long lead times related to custom designs can also be a significant barrier to this market's expansion.
Aavid Thermalloy LLC, Advanced Cooling Technologies Inc., Laird Thermal Systems, ACT-America Cold Plates and Heat Exchangers, Wakefield Solutions Inc., Palmer Industries, Corp., and Tessolve Semiconductor Pvt. Ltd. are a few of the major companies in the aluminium cold plate market. Exkoptek Inc., FIT Heat Pipe Technology Co. Ltd., and Celsia Technologies Inc. are more significant participants. To keep ahead of the competition in the market for aluminium cold plates, these businesses are concentrating on new product introductions, mergers and acquisitions, and strategic partnerships.
The Pocketed Folded-Fin Cold Plates segment to form major portion of the market
The market segment for pocketed folded-fin cold plates is anticipated to develop at the fastest rate throughout the projected period. This is due to its excellent performance and capacity to efficiently disperse enormous amounts of heat. Due to their high thermal efficiency, these plates are also widely utilized in LED lighting, power supply, and medical equipment. Additionally, due to their affordability, manufacturers are increasingly choosing pocketed folded-fin cold plates.
High Power Electronic Equipment segment segment to be on top of the market
The market for high power electronic equipment is anticipated to increase at a faster rate over the forecast period. This is explained by the rising global demand for electric vehicles, semiconductors, and other high-power applications. These parts are also frequently utilized in automotive electronics, military & aerospace applications, and telecommunication infrastructure. As a result, during the period of forecasting, this segment is anticipated to have significant increase.
Asia Pacific to dominate the market
The region with the highest growth is anticipated to be Asia Pacific. The rising demand for aluminium cold plates from nations like China, Japan, India, and South Korea is to blame for this. Additionally, the presence of significant manufacturers in this area is fueling market expansion. Moreover, the expansion of this market in Asia Pacific is also being aided by the expansion of end-user sectors including automotive, defence and aerospace, and telecommunications.
Covid-19 Impact & Market Status
The market for aluminium cold plates has suffered as a result of the COVID-19 outbreak. This can be ascribed to the disruption in the manufacturing and supply chains brought on by the lockdowns and restrictions put in place in numerous nations to stop the virus's spread. Disrupted logistics processes have also impeded market expansion. Nevertheless, the industry is anticipated to expand in the next years as a result of countries gradually opening up.
Latest Innovations in the Global Aluminum Cold Plate Market: A Snapshot
• In July 2019, Delta Electronics, Inc. purchased Laird Thermal Systems and increased the scope of its product offering.
• In August 2019, Aavid Thermalloy LLC unveiled liquid-to-air cooling systems for high-power uses like 5G networks and data centres.
• In October 2019, Advanced Cooling Technologies Inc. introduced its most recent aluminium cold plate technology, which has great cooling capacity and performance.
In February 2020, Palmer Industries, Corp. revealed their new line of pocketed folded-fin cold plates.
Aluminum Cold Plate Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2031||USD 2.06 billion|
|Growth Rate||CAGR of 4.72% during 2021-2031|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||Aavid Thermalloy LLC, Advanced Cooling Technologies Inc., Laird Thermal Systems, ACT-America Cold Plates and Heat Exchangers, Wakefield Solutions Inc., Palmer Industries, Corp., and Tessolve Semiconductor Pvt. Ltd. are a few of the major companies in the aluminium cold plate market. Exkoptek Inc., FIT Heat Pipe Technology Co. Ltd., and Celsia Technologies Inc.|
Key Segment of Global Aluminium Cold Plate Market
By Type Overview 2021-2031, (USD Billion)
• Formed Tube Cold Plate
• Deep Drilled Cold Plate
• Machined Channel Cold Plate
• Pocketed Folded-fin Cold Plate
By Application Overview 2021-2031, (USD Billion)
• High Power Electronic Equipment
• Laser Device
• Power Conversion Equipment
• Medical Equipment
• Defence and Aerospace
By End-User Overview 2021-2031, (USD Billion)
• Aerospace and Defence
• IT and other Consumer Electronics
• Medical Devices
By Region Overview 2021-2031, (USD Billion)
• Rest of Asia Pacific
• Rest of North America
• Rest of Europe
Middle East and Africa