New Materials, Technologies, And Thermal Solutions Contribute To The Cooling Market

       The cooling technology solution continues to upgrade, and the market size in the 5G era is expected to exceed 200 billion RMB. There are many downstream applications of cooling, covering consumer electronics, automobiles, base stations, servers, and data centers, with a market space of hundreds of billions.     

           According to the estimation of the Forward Looking Industry Research Institute, the compound annual growth rate of the cooling industry from 2018 to 2023 will reach 8%, and the market size is expected to grow from 149.7 billion RMB in 2018 to 219.9 billion RMB in 2023. Mobile phone cooling accounts for about 7% of the total industry scale, with a value of about 10 billion RMB in 2018. In the future, driven by the continuous upgrade of 5G smart terminals, the growth rate of the mobile phone cooling market is expected to increase to an average compound annual growth rate of 26% from 2019 to 2022.

      In addition, the large-scale construction of 5G commercial base stations will also drive the expansion of segmented heat dissipation market space such as semi-solid die-casting shells and expansion plates. From the long-term development trend, the increase in network traffic brought about by 5G will also drive further increase in server applications, and thus drive the expansion of segmented cooling market capacity