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Boyd Corporation Dominates Global Aluminum Cold Plate Market With Above 30% Share

Author: QYResearch  |   Published Date: 2021-11-16   |   Views: 209

Liquid cold plates allow the cooling of the most of electronic components thanks to the circulation of liquid inside of a metal plate. The contact between the plate and the component extract calories and transmit them to the fluid circulating into the canals. The plate can integrate a system of turbulators in order to improve the thermal exchange and the homogeneity of the temperature under the component.


Liquid cold plates are the order of the day in most of the Electronic devices and they are used as the major alternative for air cooling. Advanced liquid cooling techniques are used to meet demands of instruments with high heat flux and high power. The introduction of Liquid cold plates has brought about major paradigm shift in the field of Industrial High – Power Electronic Devices..


Globally, aluminum cold plate industry is less concentrated due to its relatively simple production process and technical funding barriers. And some enterprises, like Boyd Corporation, Lytron, Asia Vital Components and Wakefield-Vette, etc. are well-known for the wonderful performance of their cooling segment.  In 2015, Boyd Corporation acquired Thermacore, Inc, Qfinsoft Technology Inc and Kunze-Folien GmbH. In 2019, Boyd Corporation acquired Lytron to continue to increase its market share.  After the acquisition, Boyd Corporation's market share increased significantly. At present, Boyd Corporation hold 32.66% of the global market share in 2020. In the United States and Europe, Boyd Corporation, Wakefield-Vette, Wieland MicroCool and Columbia-Staver are important players in the market. Asia Vital Components and Xenbo Electric are the Chinese market leaders.


China is the world's largest exporting country. Japan, South Korea, Southeast Asia and the United States need to import cold plate from China. In addition, many companies set up production bases in China. At the same time, China can also produce OEM cold plate. It should be noted that some of Boyd Corporation's products come from China (OEM form).


In the cold plate industry, there is a high threat of substitute products. If manufacturers sell their products at higher prices, or if the products are of low quality, then consumers are able to purchase substitutes from the many competitors who are present in the market environment. It is therefore essential for the market players in the cold plate to be guarantee the quality if they are to tackle the challenge of the threat of substitute. In addition, in this industry, the competition is very intense due to the large number of manufacturers. The difference between brands is low.


In addition, the impact on the cost and availability of raw materials and certain components is uncertain due to potential supply changes. The costs of raw materials have a significant impact on the level of expenses. If the prices of raw materials and related factors such as energy prices increase, and if new companies cannot pass those price increases on to customers, their results of operations and financial condition would suffer.


At present, in addition to high power electronic equipment, more and more IGBTs and laser devices require a high-performance cold plate. Due to the upgrading of power equipment in developing countries, the application of high power electronic equipment and power conversion equipment will continue to be the most important application of the cold plate. IGBTs and laser devices may be the main driving force in the future market. The new design will increasingly reflect the characteristics of various types of cold plates. Overall economic performance will continue to be the best indicator of future demand for cold plate. Demand in most downstream markets is greatly influenced by general economic conditions. As a result, demand largely follows the patterns of the leading world economies. However, the market growth rate of cold plates is higher than that of major economies growth of GDP.


The global sales of aluminum cold plate increased from 1962.6 K Units in 2016 to 2294.6 K Units in 2020, at a CAGR of 3.98%. The global Aluminum Cold Plate market was valued at US$ 270.24 million in 2020 and will reach US$ 395.87 million by the end of 2027, growing at a CAGR of 4.33% during 2021-2027. USA is the largest consumption area of aluminum cold plate by volume in 2020 with 34.27% of global total consumption volume share. Europe and China are the following with 14.03% and 32.88% by share.


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