Microchannel Cooler Market Trends 2023-2029
The global Microchannel Cooler market was valued at US$ 114.6 million in 2022 and is projected to reach US$ 225.4 million by 2029, at a CAGR of 10.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Micro-channel cooling is commonly achieved with the aid of a heat sink consisting of a high conductivity substrate that contains a large number of parallel, small diameter channels. These heat sinks are very compact and lightweight, and by allowing the coolant to undergo phase change (boiling) along the channels, they provide heat transfer coefficients far greater than those possible with single-phase liquid counterparts.
The microchannel cooler market refers to the industry involved in the production, distribution, and sale of microchannel coolers. Microchannel coolers are heat exchangers designed to dissipate heat from electronic components, such as microprocessors and power electronics. They are commonly used in applications where thermal management is crucial, such as data centers, automotive electronics, aerospace systems, and high-power laser diodes.
Total Market by Segment:
Global Microchannel Cooler Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Microchannel Cooler Market Segment Percentages, by Type, 2022 (%)
- Array Microchannel Cooler
- Stackable Microchannel Cooler
Further, the report presents profiles of competitors in the market, key players include:
- Micro Cooling Concepts
- Mikros Technologies
- Stellar Industries
- Rogers
- Tecnisco
- Oasis Materials
- Aavid Thermalloy LLC
- Boyd Corporation
- Lytron Inc.
- TE Technology, Inc.
- Wolverine Tube, Inc.
- Wakefield-Vette
- Laird Thermal Systems
- Advanced Cooling Technologies, Inc.
- Columbia-Staver Ltd.
- Heatric, a Meggitt PLC company
Key Questions:
What was the valuation of the global Microchannel Cooler market in 2022?
-> The global Microchannel Cooler market was valued at US$ 114.6 million in 2022.
What is the projected valuation of the global Microchannel Cooler market by 2029?
-> The global Microchannel Cooler market is projected to reach US$ 225.4 million by 2029.
What is the expected compound annual growth rate (CAGR) of the Microchannel Cooler market during the forecast period?
-> The Microchannel Cooler market is expected to grow at a CAGR of 10.1% during the forecast period.
How was the influence of COVID-19 and the Russia-Ukraine War considered while estimating market sizes?
-> The influence of COVID-19 and the Russia-Ukraine War were taken into account when estimating the market sizes.
Who are some of the global core microchannel cooler manufacturers?
-> Global core microchannel cooler manufacturers include Micro Cooling Concepts, Mikros Technologies, Stellar Industries, and others.
What is the market share of the top three microchannel cooler manufacturers?
-> The top three companies in the microchannel cooler market hold a combined market share of 60%.
Which region is the largest market for microchannel coolers?
-> North America is the largest market for microchannel coolers, accounting for 80% of the market share.
Which region has the second-largest market share for microchannel coolers?
-> Japan has the second-largest market share for microchannel coolers, accounting for 10%.
What is the largest segment of microchannel coolers in terms of product?
-> The largest segment of microchannel coolers in terms of product is the stackable type, which holds a market share of over 50%.
What is the largest application of microchannel coolers?
-> The largest application of microchannel coolers is in lasers and optics, followed by power electronics.