Global sales of cold plates were reported at USD 362.3 million in 2020. Demand for cold plates is anticipated to reach USD 465.8 million in 2025. Over the assessment period (2025 to 2035), the market is projected to expand at a CAGR of 6.0% and attain value of USD 833.8 million by the end of 2035.
Cold plates are heat exchangers that dissipate heat from electronic components, batteries, or other heat-sensitive systems by transferring it to a liquid coolant. They consist of a metal plate-typically aluminum or copper-with embedded channels or tubes through which coolant circulates, absorbing heat and carrying it away.
Cold plates can be insulated to different thermal management needs; some of the types include aluminum, copper, and thermoelectric cold plates. Aluminum is lightweight and cheap; thus, they are widely used in electronics cooling. Copper offers better heat transfer performance than aluminum; therefore, it is suitable for high-performance cooling systems in many industries, especially aerospace. Thermoelectric does precise cooling using the Peltier effect; consequently, they have a high cost in comparison to metal-based plates. Aluminum cold plates are usually used because they are a good trade-off between weight, performance, and cost, suitable for several applications.
| Metric | Value |
|---|---|
| Industry Size (2025E) | USD 465.8 million |
| Industry Value (2035F) | USD 833.8 million |
| CAGR (2025 to 2035) | 6.0% |
A vacuum brazed cold plate is a thermal management solution whereby materials, conventionally copper or aluminum, are joined by vacuum brazing to a highly thermally conductive medium such as a copper insert to provide a very efficient heat transfer surface.
Vacuum brazed cold plates is commonly used in high-performance electronics, LED cooling. It has high thermal conductivity, durability, and compact design. These cold plates deliver consistently strong, uniform bonds, enhancing thermal efficiency; hence their choice for demanding applications needing accurate and reliable cooling.
A stir welded cold plate is a thermal management device fabricated with a process of stir welding-a solid-state joining technique where metals like aluminum or copper are mixed for strong bonding with good thermal conductivity. The process utilizes a rotating tool to generate heat with stirring action on the material for bonding metals without the melting of base metals.
Stir welded cold plates are very common in high-performance cooling systems in electronics, vehicles, and industrial applications, providing high thermal conductivity, lightweight, and structural integrity. The improved demands for high strength and cost against requirements make them ideal for demanding on heat-sensitive operations.
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The table below presents the annual growth rates of the global cold plate market from 2025 to 2035. With a base year of 2024 extending to 2025, the report explores how the market's growth trajectory develops from the first half of the year (January to June, H1) to the second half (July to December, H2). This analysis offers stakeholders a comprehensive view of the industry’s performance, focusing on key developments and shifts that may shape the market moving forward.
The market is expected to grow at a CAGR of 6.2% from 2025 to 2035. In H2, the growth rate is anticipated to increase slightly.
| Particular | Value CAGR |
|---|---|
| H1 2024 | 5.9% (2024 to 2034) |
| H2 2024 | 6.1% (2024 to 2034) |
| H1 2025 | 6.2% (2025 to 2035) |
| H2 2025 | 6.4% (2025 to 2035) |
From H1 2025 to H2 2025, the CAGR is expected to show a modest increase, moving from 6.2% in the first half to 6.4% in the second half. In H1, the sector is expected to see an increase of 30 BPS, with a further 30 BPS rise in the second half. This semi-annual update highlights the cold plate market's growth potential, driven by advancements in thermal management technologies and rising demand for efficient cooling solutions in sectors like electronics, medical equipment, and renewable energy.
Rising Adoption of Cold Plates in Aerospace and Defense for High-Performance Cooling
The aerospace and defense sectors are seeing an increased use of cold plate technology where applicable as the need for effective and reliable cooling systems opens up. Aircraft, satellites, and defense electronics require advanced thermal management to ensure optimal performance and avoid overheating in extreme environments.
A cold plate provides great designer flexibility for the removal of heat from critical circuitry areas such as power electronics, batteries, and communication systems. They are irreplaceable in these sectors since they reliably produce very low working temperatures in compact, high-performance designs. Further down, as the aerospace and defense industry continues to demand lightweight and durable materials, a cold plate made from aluminum and copper offers the optimum combination of strength and heat conductivity.
Where aircraft gain a foothold, they further demand sophisticated cooling technologies, and this keeps cold plates critical to ensuring reliable and efficient performance of a system during any high-stakes performance.
Expansion of Data Centers Drives Demand for Cold Plates in High-Performance Server Cooling
Rapidly expanding data centres, driven by increasing demand for cloud computing, big data analytics, and digital services, further increase the market's thirst for efficient thermal management solutions. Data centres contain high-performance servers that generate very high quantities of heat during operations; thus, proper functioning is maintained by effective cooling systems.
Colder plates are crucial in such processes with the heat disposal of sensitive electronic components to ensure overall server functional performance and maintain their temperature within safe limits. With data centres becoming more energy-intensive, the further drive for compact, cost-effective cooling solutions, such as cold plates, also increases.
There is the increasingly adoption of AI and machine learning, which require powerful hardware, the importance of providing proper thermal conditions become very much critical. This trend supports market expansion with an underlying bull force, that is, the need for efficient and scalable cooling systems.
Growing Use of Precise Temperature Control drives demand for Cold Plates in Medical Equipment
An increasing need for accurate temperature control in medical equipment drives the growing use of cold plates in critical devices such as MRI, lasers, and diagnostic imaging systems. These medical devices generate considerable heat while in operation, and if the heat is not disposed of, performance and safety would fall to unacceptable levels.
Cold plates cool the temperature of medical devices by effective heat removal processes, thus operating maximally and preventing overheating. In MRI scanners, the temperature stability being essential to accuracy, they ensure all cooling systems act efficiently.
Likewise, cold plates save high-power laser equipment from heat damage to sensitive electronics. As the evolutionary arc of medical technology require, more sophisticated, and powerful equipment, so does the demand for viable thermal management solutions such as cold plates for safety and accuracy in health areas.
Surge in Renewable Energy Systems Drives Demand for Cold Plates in Power Conversion and Storage
The rising demand in renewable energy systems, especially for solar and wind power, is driving the demand for cold plates to enable effective heat control within power conversion systems as well as energy storage systems. Renewable energy systems, like solar inverters and wind turbine controls, will develop large amounts of heat when converting energy from DC to AC or during the storage process.
These systems use cold plates for the purpose of heat dissipation in order to create an optimum operating temperature, since any overheating could affect the performance level or lifespan of the components. For energy storage systems in batteries, for example, having a stable temperature throughout is critical for performance and safety, even more so given the increased energy storage capacity for renewable systems.
Cold plates is offering the solution by providing optimized cooling to ensure reliable operation of the systems. The global transition to renewable energy will ensure significant growth in the demand of cold plates in electric energy conversion and storage systems.
From 2020 to 2024, the global cold plates market saw steady growth, driven by the increasing demand for efficient thermal management solutions across various industries. The rise in high-performance electronics, such as power electronics in vehicles, data centers, and renewable energy systems, created a significant need for effective cooling technologies.
Additionally, advancements in cooling techniques, such as vacuum brazing and stir welding, improved the efficiency and performance of cold plates, making them more viable for a wide range of applications. The growing focus on energy efficiency and miniaturization of electronics also contributed to the market’s growth, as cold plates provide compact and reliable solutions for heat dissipation.
Looking ahead to 2025 to 2035, the cold plates market is expected to experience rapid expansion, driven by ongoing innovations in thermal management technologies, rising demand for vehicles, and increasing reliance on high-power electronics. As industries such as aerospace, medical devices, and renewable energy continue to evolve, the need for advanced cooling solutions will drive the demand for cold plates, particularly in emerging markets with expanding technological infrastructure.
Tier-1 companies account for around 20-30% of the overall market with a product revenue from the cold plates market of more than USD 35 million. Parker Hannifin Corporation, Sanhua Holding Group Co., Ltd, AMS Technologies, and other players.
Tier-2 and other companies such as Fujikura Ltd., Dana Limited, Sumitomo Precision Products Co Ltd. and other players are projected to account for 70-80% of the overall market with the estimated revenue under the range of USD 35 million through the sales of cold plates.
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The section below covers the industry analysis for cold plates in different countries. The demand analysis on key countries in several regions of the globe, including North America, Latin America, East Asia, South Asia Pacific, Western Europe, Eastern Europe, Middle East and Africa is provided. This data helps investors to keenly observe and go through the recent trends and examine them in an ordered manner.
| Countries | Value CAGR (2025 to 2035) |
|---|---|
| USA | 5.3% |
| ASEAN | 11.8% |
| Japan | 4.6% |
| Germany | 5.5% |
| UK | 9.8% |
The expanding utilization of renewable energy systems such as solar and wind energizes this demand: for thermal management systems effective, especially because of energy storage systems and inverters. These systems are involved, first, by converting energy generated from renewable sources and storing it for utility; however, they may also suffer the surplus of large-quantity heat generated while in operation.
Thus, cold plates are extremely helpful, in dissipating this heat so that these components are in optimum temperature ranges of operation to avoid an overheating condition which may lead to failure. In energy storage systems, a stable temperature is essential for performance, longevity, and safety. Likewise, inverters, which convert DC to AC power, require extended cooling to operate consistently under high loads.
With increasing adoption of renewable energy, guaranteed cooling, like through the use of cold plates in these critical applications, is going to expand, and so will contribute to the growth of the cold plate market on the basis of this perspective with particular reference to regions that are keen to develop their renewable energy infrastructure.
Rapid digital transformation and the growing adoption of cloud computing across ASEAN countries drive data center demand. These centers currently house high-performance servers requiring advanced cooling systems for reliable operation to avoid overheating.
With the increasing volumes of data handled by data centers and their performance of more complex tasks, there is a critical need for efficient thermal management. Cold plates provide a highly efficient solution for heat removal out from sensitive components in maintaining temperatures under optimal operating conditions for servers. This consequently becomes even more pressing in regions, such as ASEAN, with increasing demand for cloud services, e-commerce, and data processing.
Rise of AI, machine learning, and big data, data centers are becoming more energy in demand, resulting in even more emphasis on the need for precise cooling. Cold plates offer a compact, cost-effective, and reliable mechanism of temperature control in such performance environments, which has incited acceptance into the region.
The growing aerospace and defense industries in the UK are driving the need for efficient thermal management solutions in cold plates. High-performance systems generating large amounts of heat while in operation in avionics, communication devices, and weaponry, among others, require effective cooling to guarantee their reliability, safety, and performance.
Cold plates are an excellent way to dissipate heat away from sensitive components, keep them cool, and avoid overheating. This is particularly important in aerospace, where temperature changes may affect the proper functioning and precision of navigation and communication systems.
Likewise, cooling for high-power systems, such as radar and missiles. As the aerospace and defense grow, so will the demands of specialized cooling needs-the cold plates included-to sustain the performance and life of such critical systems.
The section explains the growth of the leading segments in the industry. In terms of product type, vacuum brazed cold plate will likely dominate and generate a share of around 35% in 2025.
Based on the application, high powered electronics is projected to hold a major share of 40% in 2025. The analysis would enable potential clients to make effective business decisions for investment purposes.
| Segment | Value Share (2025) |
|---|---|
| Vacuum Brazed Cold Plate (Product Type) | 35% |
The increasing demand for semiconductor devices, telecommunication components and industrial equipment, is driving the need for vacuum brazed cold plates. The electronics generate a high amount of heat, and thus, managing this dissipated heat is crucial for their performance, protection from damage, and prolonging life.
Vacuum brazed cold plates are, therefore, an attractive and often the most efficient passive solution to transferring heat away from high-power components because they have very good thermal conductivities. They can handle very high heat loads and are therefore suited for applications in telecommunications, automotive, and power electronics.
The growth of vehicles and renewable energy technologies serves to further accelerate the demand for advanced cooling applications since batteries, powertrains, and energy converters all require accurate thermal management. With the continued push toward miniaturization and greater power density for electronics, vacuum brazed cold plates will evidently become a major player in supporting the performance and reliability of these high-power systems.
| Segment | Value Share (2025) |
|---|---|
| High Powered Electronics (Application) | 40% |
With an ongoing increase in power density due to the performance of high-power electronics and with ever-increasing compact applications, a rapidly growing need arises for cooling solutions in these systems, as they generate more heat within a smaller space, rendering the task of removal of this excess heat rather difficult. The proper application of cold plates would help achieve efficient heat dissipation so that electronics can remain at an optimal temperature.
This advanced thermal management not only continues preventing the overheating of their settings but improves the useful life and performance of high-power electronics under thermal loads, ensuring that they remain operating efficiently in arduous environments. The growing power density in electronics is precisely what is adding to the growing demand for cold plates.
Increasingly advanced technological developments in the cold plates market are enhancing thermal management. The development of copper and aluminum alloys, to favor properly dissipating heat is gaining traction and supporting their growing use in industries such as automotive, aerospace, and data centers.
Micro-channel design innovations are increasing the efficiency of cooling by allowing larger areas for heat exchange through cold plates in compact applications. Customizable cold plates, designed to fulfill specific application requirements, will enhance the applicability of mission-critical environments such as medical devices and high-power electronics.
Some manufacturing methods, such as vacuum brazing and additive manufacturing, will not only confer more durability and accuracy but allow more complex geometries and provide better thermal performance. With electronics getting smaller, there is an increased demand for compact and highly efficient cold plates that dissipate heat from more powerful, small systems. These advancements validate the positions of cold plates in thermal management solutions.
Recent Industry Developments
The product type is further categorized into stir welded cold plate, press locked cold plate, vacuum brazed cold plate, rolled tube cold plate, exposed tube cold plate, vortex cold plate, die-cast cold plate and other customized.
The application is classified into high powered electronics, wind turbines, medical equipment, igbt modules, and motor devices.
Regions considered in the study include North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and the Middle East and Africa.
The cold plates was valued at USD 440.4 million in 2024.
The demand for cold plates is set to reach USD 465.8 million in 2025.
The cold plates is driven by the need for efficient thermal management in high-power electronics, vehicles, and data centers, where heat dissipation is critical for performance and reliability.
The cold plates demand is projected to reach USD 833.8 million in 2035.
The vacuum brazed cold plate are expected to lead during the forecasted period due to superior thermal conductivity, reliability, and compact, efficient designs.
| Market Size (2022) | USD 24.31 billion |
|---|---|
| Market Size (2032) | USD 52.49 billion |
| Market CAGR (2022 to 2032) | 8% |
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