Cold Plates Market Size

Cold Plates Market Size

Cold Plates Market size was valued at over USD 321 million in 2022 and is estimated to record more than 7.5% CAGR from 2023 to 2032. The rising utilization of electronic devices is anticipated to fuel cold plate demand. Cold plates cool down high-power electronic devices by offering direct contact with the heat source and dissipating the heat. The increasing adoption of Electric Vehicles (EVs) is creating a demand for efficient thermal management solutions to cool the batteries, power electronics, and electric motors. Cold plates are employed in EVs to effectively disperse the heat produced during charging & operation, improving the performance and life of vehicle components.

In the aerospace & defense sector, effective cooling solutions are needed for avionics, radar systems, electronic warfare equipment, and other critical electronics. Cold plates provide efficient thermal management in such applications, guaranteeing excellent functioning in challenging situations.

Cold plates offer customized designs as per the applications and adjust to different heat loads & configurations. The complex designs and customization can raise issues in terms of lead time, cost, and manufacturing. Thermal Interface Materials (TIMs) ensure effective heat transfer between the cold plate and the heat source, resulting in optimal thermal performance in applications. Cold plates commonly use liquid coolants to transfer heat, making them prone to potential issues including corrosion, leaks, and coolant compatibility risks. Incorporating cold plates into the existing systems or retrofitting them into legacy equipment can be difficult owing to space constraints, compatibility issues, and system modification requirements.