Press release
$1.08 Bn Pin Fin Heat Sink for IGBT Market Growing at a CAGR of 4.4% | Apex Microtechnology, Honeywell, Aavid Thermalloy, CUI Inc., Comair Rotron, Kunshan Googe Metal Products Co. Ltd., Advanced Thermal Solutions, The Brass Forging Company, Allbrass Indus
Pin Fin Heat Sink for IGBT Market
The global pin fin heat sink for IGBT market segments are dominated by players such as Apex Microtechnology, Aavid Thermalloy LLC, Honeywell International Inc., Comair Rotron, CUI Inc., Advanced Thermal Solutions, Kunshan Googe Metal Products Co. Ltd., Allbrass Industrial, The Brass Forging Company, and others.
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Surge in requirement for effective cooling of consumer electronics appliances through a proper heat dissipation method and increase in demand for power supply devices and utilization of IGBTs drive the growth in the market. However, lower rate of capacity utilization of pin fin heat sink by manufacturers hinders the growth in the market. On the other hand, upsurge in usage of IGBT modules in the automotive sector for HEVs and usage of hybrid pin fin heat sink create new opportunities in the market.
Aluminum segment to be lucrative throughout the forecast period
Based on material type, the aluminum segment accounted for nearly two-thirds of the total share and will maintain its dominant position throughout the forecast period. Moreover, this segment would register the highest growth rate, with a CAGR of 4.7% from 2019 to 2025. It is a lucrative segment, owing to lower cost of production of extruded aluminum as compared to other materials along with its ability to be anodized or powder coated to maintain its appearance and offer resistance to rusting. Moreover, aluminum is cheap to produce and is extremely lightweight in nature. The research also analyzes the copper segment.
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Asia-Pacific to contribute largest share & grow fastest
Asia-Pacific accounted for nearly half of the total market share in terms of revenue in 2017 and is estimated to continue its lead during the forecast period. Moreover, this region is expected to register the fastest CAGR of 5.5% during the forecast period, 2019-2025. This region offers lucrative opportunities, owing to presence of major market players, largest manufacturing plants of IGBT-based products, and rise in utilization of devices to optimally use the natural sources of energy. The report also explores regions including North America, Europe, and LAMEA.
Torchbearers in the industry
Leading market players analyzed in the report include Apex Microtechnology, Honeywell International Inc., Aavid Thermalloy LLC, CUI Inc., Comair Rotron, Kunshan Googe Metal Products Co. Ltd., Advanced Thermal Solutions, The Brass Forging Company, Allbrass Industrial, and others. These market players have adopted various strategies such as mergers & acquisitions, expansions, collaborations, partnerships, and others to gain a strong position in the global market.
COVID-19 Pandemic disrupted the entire world and affected many industries.
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Key Benefits for Pin Fin Heat Sink for IGBT Market:
o This study comprises analytical depiction of the global pin fin heat sink for IGBT market size along with the current trends and future estimations to depict the imminent investment pockets.
o The overall pin fin heat sink for IGBT market potential is determined to understand the profitable trends to gain a stronger foothold.
o The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
o The current pin fin heat sink for IGBT market forecast is quantitatively analyzed from 2019 to 2025 to benchmark the financial competency.
o Porter's five forces analysis illustrates the potency of the buyers and suppliers in the pin fin heat sink for IGBT market.
o The report includes the pin fin heat sink for IGBT market share of key vendors and pin fin heat sink for IGBT market trends.
Pin Fin Heat Sink for IGBT Market Key Segments:
By Material Type
o Copper
o Aluminum
By Region
o North America
o U.S.
o Canada
o Mexico
o Europe
o UK
o Germany
o France
o Italy
o Rest of Europe
o Asia-Pacific
o China
o Japan
o India
o Rest of Asia-Pacific
o LAMEA
o Latin America
o Middle East
o Africa
Pin Fin Heat Sink for IGBT Market to Reach $1.08 Bn, Globally, by 2025 at 4.4% CAGR @ https://www.prnewswire.com/news-releases/pin-fin-heat-sink-for-igbt-market-to-reach-1-08-bn-globally-by-2025-at-4-4-cagr-allied-market-research-300871945.html
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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