The pipe and valve industry are rising rapidly with the increase in the disposable income and more development in the technology. According to the report analysis, ‘Pipe And Valve Market Forecast’ states that in the forecasted period the pipe and valve industry is expected to grow more significant with the more developed in the technologies and increase in the usage of pipe and valves in the building new infrastructure. Whereas, the technology of heat pipe has an extremely effective high thermal conductivity and low cost with the specification of lightweight and it is driving the market of pipe and valve more significantly. This makes the market more attractive and efficient. Moreover, a heat pipe is sealed under vacuum with a small, prescribe the amount of working fluid and the fluid vapor which quickly spread to the other end of the heat pipe with the pressure generated by the temperature difference. With the significant applications of the heat pipe technology, the market of pipe and valve will grow more significantly in the forecasted period and the key players of this technology become active with the competitiveness in the market.
In the developed countries, the use of the heat pipe is growing in an outstanding manner as the heat pipe generally transfer heat more efficiently and evenly than solid conductors such as copper or aluminum because of their lower total thermal resistance. Moreover, due to the very high heat transfer coefficient for boiling and condensation, heat pipes are highly significant thermal conductors. For the heat pipe to transfer heat, it must contain saturated liquid and its vapor as in the gas phase whereas the saturated liquid travels and vaporizes to the condenser, where it is turned back to a saturated liquid and cooled. According to the report analysis, ‘Pipe And Valve Market Outlook’ states that there are three major components of a heat pipe which includes working fluid, the capillary wick structure and a vacuum tight, sealed containment shell or vessel. All the components are working together to transfer heat more efficiently and evenly whereas the wick enables the structure to enhance the capillary action for the liquid returning from the condenser to the evaporator. Hence, the heat pipe contains a vacuum, functioning fluid will boil and take up the latent heat at its below boiling point at atmospheric pressure. Moreover, with the more developed in the heat pipe technology the market will grow more significant and evenly in an efficient manner and make the market fruitful for both the vendor and the consumer.
In Europe, the use of heat pipe technology is growing rapidly and the key vendors of this region are doing so many research and development for enhancing the specification of the heat pipe technology. Additionally, it is expected that Europe is going to account major share in this market. In the North America region, is expected that in the coming years the region is going to acquire a huge amount of share with the more innovations in the heat pipe technology which increase the usage of the heat pipe. Moreover, the Asia Pacific region is also proving to be an efficient player in this sector with the significant use of this technology.
David Corporation, Forcecon Tech, Wakefield Vette, Inc., Furukawa Electric Co., Ltd., Innergy Tech, wtl-heatpipe.com, and others are the major player of the global heat pipe in the pipe and valve market. Whereas, Novark Technologies Inc., and Advanced Cooling Technologies, Inc., are the leading players of this market and make the market more competitive and welcoming the new entrants who are supporting the market financially. Therefore, it is expected that in the coming years this market will grow more evenly over the decades and lead to further development of the heat pipe technology.
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Ankur Gupta, head marketing & communications