Press release
Liquid Heat Exchangers For Power Semiconductor Device Market: Applications and Global Markets
At present, the market of heat transfer fluids for power semiconductor device is gradually growing because of the increasing requirements across the various industrial sector. Technological advances in the heat transfer using liquid products and increasing investments in multiple end-use markets will significantly contribute to the growth of the heat transfer fluids market.
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There are various factors that drives the growth of liquid heat exchangers for power semiconductor device. Some of the drivers for liquid exchangers market, used in semiconductor device are increasing energy demand, enhanced temperature control, stringent environment regulations, low maintenance and greater safety.
The key applications of liquid heat exchangers involves cooling of a liquid stream in the power semiconductor device and evaporation or condensation of single- or multicomponent fluid streams. The growing market of liquid exchangers in power semiconductor device is an outcome of increasing focus on efficiency improvement and energy saving by using liquid heat exchanger than using traditional methods of reducing heat dissipation. Remarkable growth in the renewable energy sector over the past few years is in favor of heat exchanger industry owing to various ongoing projects for improving power generation capacity.
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Another emerging factor for the growth of the power semiconductor market is new power plants powered by steam & gas turbines. Currently, the liquid heat exchangers market witnesses numerous opportunities, owing to rapid increase in development of power semiconductor industry in Asia-Pacific and MEA. Governments of developing nations are facing persistent power shortages issues, thereby considering this as opportunity measures can be taken to constantly upgrade their power generation capacity in order to meet the demand from industries and households.
The market of liquid heat exchangers used in power semiconductors can be segmented on the basis of product and region. The product segment can be further segmented as mineral oils, aromatics, deionized water, dielectric fluids and glycol-based liquids. Silicone and aromatics holds largest product segment in the heat transfer fluids market in power semiconductors.
Many players are involved in power semiconductor market using liquid heat exchanger which includes lytron, Opti Temp Inc, BV Thermal Systems, ExxonMobil, Dow Chemical, Eastman and so on. These vendors collectively accounted for major share of the total market revenue. These players have a vast geographical existence with production units situated worldwide. To gain a competitive edge over their competitors, companies are focusing to commercialize nanofluids with improved thermal properties and versatility in various applications.
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