World’s Top 15 Companies in Cold Plates Market 2025: Innovation and Revenue Insights
RELEASE DATE: Oct 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Cold Plates Market Size is projected to Grow from USD 340.51 Million in 2024 to USD 652.62 Million by 2035, at a CAGR of 6.09% during the forecast period 2025–2035. Effective thermal management solutions are becoming more and more necessary as EV adoption rises to cool the batteries, power electronics, and electric motors. EVs use cold plates to efficiently disperse the heat generated during operation and charging, extending the lifespan and performance of vehicle parts.
Introduction
The Worldwide Cold Plates Market Size pertains to the sector that produces and provides cold plates, which are devices designed for effective thermal management by cooling electronic parts or other heat-generating sources. A cold plate usually comprises a flat metal surface, often crafted from highly conductive substances like aluminium or copper, featuring internal pathways where a liquid coolant flows to collect and disperse heat from high-performance electronics, including CPUs, power semiconductors, and batteries. Cold plates play a vital role in electronics, electric vehicles, data centres, renewable energy, aerospace, and medical devices, where efficient heat dissipation is necessary to avert overheating, sustain performance, and prolong component lifespan. The market is propelled by rising demand for sophisticated cooling solutions due to the increasing power density of electronic devices, vehicle electrification, and growth in data infrastructure, as technologies progress towards integrated liquid cooling systems adept at managing high heat fluxes effectively.
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Cold Plates Market Size & Statistics
- The Market Size for Cold Plates Was Estimated to be worth USD 340.51 Million in 2024.
- The Market is Going to Expand at a CAGR of 6.09% between 2025 and 2035.
- The Global Cold Plates Market Size is anticipated to reach USD 652.62 Million by 2035.
- Asia Pacific is anticipated to grow at the highest market share during the forecast period in the cold plates market.
- North America is estimated to grow at the fastest CAGR during the forecast period in the cold plates market.
Regional growth and demand
North America is expected to grow the fastest during the forecast period in the cold plates market.
North American data centres are changing to make room for high-density computing devices, which need efficient heat dissipation to function at their best. The region is a centre for the semiconductor and electronics industries, where efficient cooling solutions like cold plates are necessary due to ongoing technological advancements. Cold plates are becoming more and more in demand as a result of North America's growing EV adoption, which calls for dependable cooling solutions for electric drivetrains, power electronics, and battery packs.
Asia Pacific is expected to generate the highest demand during the forecast period in the cold plates market. The cold plate market is expected to grow at the fastest rate in the Asia Pacific region due to factors like growing consumer electronics demand, fast industrialisation, and the expanding automotive industry in nations like China, Japan, and India. The growing use of electric vehicles and the region's developing data centre infrastructure are major factors propelling market expansion. The need for cold plates is also increased by the growing investment in healthcare infrastructure and the increased incidence of chronic illnesses, which call for the use of sophisticated medical equipment.
Top 10 trends in the Cold Plates Market
- Surge in High-Power Electronics Cooling
- Vacuum-Brazed Cold Plates Dominate
- Aluminium Leads Material Preference
- Rise of Hybrid and Composite Designs
- Liquid Cooling Systems Expand
- Customisation for Application-Specific Needs
- Integration with Smart Monitoring
- Asia-Pacific Drives Volume Growth
- Sustainability and Recyclability Focus
- Advanced Simulation and Prototyping
1. Surge in High-Power Electronics Cooling
To control heat in high-power components, cold plates are being utilised more and more in data centres, industrial automation, and EVs.
2. Vacuum-Brazed Cold Plates Dominate
These have a market share, provide excellent thermal performance and structural integrity.
3. Aluminium Leads Material Preference
Aluminium is still the best material for cold plate construction because it is lightweight, affordable, and thermally conductive.
4. Rise of Hybrid and Composite Designs
Combining cutting-edge polymers, copper, and stainless steel to maximise mechanical and thermal properties.
5. Liquid Cooling Systems Expand
Because of their effectiveness in small systems, liquid-cooled cold plates are becoming more popular in telecom, EVs, and aerospace.
Empower your strategic planning:
Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the cold plates market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 15 Companies Leading the Cold Plates Market
- Boyd Corporation
- Lytron
- Aavid Thermalloy
- Wakefield-Vette
- Heatron
- Laird Thermal Systems
- Delta T Corporation
- Wieland Thermal Solutions.
- Parker Hannifin Corp.
- Sanhua Holding Group
- AMS Technologies
- Fujikura Ltd.
- Dana Limited
- Sumitomo Precision Products
- Wakefield Thermal Solutions
1. Boyd Corporation
Headquarters: Pleasanton, California, USA
Boyd Corporation is a top supplier of thermal management products worldwide, including specially designed liquid cold plates for effective heat dissipation in cutting-edge electronic applications. Boyd has supplied more than five million liquid cold plates, particularly to high-demand industries like telecommunications, industrial power electronics, electric vehicles, and artificial intelligence (AI) data centres. Their cold plates, which use sophisticated manufacturing processes like vacuum brazing and precise CNC machining, are made to be dependable, have high thermal performance, and be scalable for mass production. With several production sites dispersed throughout North America, Europe, and the Asia Pacific, Boyd serves customers worldwide by facilitating localised production and short time-to-market.
2. Lytron
Headquarters: Woburn, Massachusetts, USA
Leading producer of cutting-edge thermal management solutions, Lytron specialises in liquid-cooled cold plates for high-power electronic cooling in a variety of sectors, including semiconductor equipment, the military, aerospace, medical, and power generation. Lytron provides a range of cold plate technologies, such as friction stir welding, vacuum brazing, and flat tube cold plates, with adaptable designs that are optimum for thermal uniformity, heat dissipation, and dependability. It does this by using simulation capabilities and a wealth of thermal performance data to meet the rigorous cooling requirements of mission-critical applications.
3. Aavid Thermalloy
Headquarters: Laconia, New Hampshire, USA
Now a part of Boyd Corporation, Aavid Thermalloy is a top supplier of cutting-edge thermal management products, such as high-performance cold plates for electronic cooling applications. To guarantee effective heat transfer, leak-free operation, and longevity, their cold plates—like the Hi-ContactTM liquid cold plates—use vacuum brazing construction and proprietary designs. Machined and extruded channel liquid cold plates are among their customizable options; these are ideal for a range of industries, including power electronics, telecommunications, automotive, and medical devices.
4. Wakefield-Vette
Headquarters: New Hampshire, USA
A reputable manufacturer of thermal management products, Wakefield-Vette specialises in cold plates, which are used to effectively cool high-power electronic devices. Their liquid cold plates circulate coolant through embedded tubes or finely machined flow paths to provide superior heat dissipation, resulting in low thermal resistance and efficient temperature control. In order to meet particular performance and environmental requirements, Wakefield-Vette provides a range of cold plate constructions, such as exposed tube and fully buried tube designs.
5. Heatron
Headquarters: Leavenworth, Kansas, USA
The business specialises in specially designed heating and cooling parts that maximise temperature control and boost system effectiveness. Heatron can produce cold plates that work with liquid cooling systems to remove heat from power devices and delicate electronic components, enabling high-performance applications that need accurate thermal control. Heatron, which serves a variety of markets and is renowned for its inventive materials and manufacturing techniques, places a strong emphasis on dependability and customised solutions for challenging thermal problems.
Are you ready to discover more about the cold plates market?
The report provides an in-depth analysis of the leading companies operating in the global cold plates market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Boyd Corporation
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Lytron
- Aavid Thermalloy
- Wakefield-Vette
- Heatron
- Laird Thermal Systems
- Delta T Corporation
- Wieland Thermal Solutions.
- Parker Hannifin Corp.
- Sanhua Holding Group
- AMS Technologies
- Fujikura Ltd.
- Dana Limited
- Sumitomo Precision Products
- Wakefield Thermal Solutions
- Others
Conclusion
The Worldwide Cold Plates Market Size is poised for significant expansion, with its market value expected to nearly double from USD 340.51 Million in 2024 to USD 652.62 Million by 2035, reflecting a steady CAGR of 6.09%. This growth is primarily propelled by the escalating demand for efficient thermal management solutions in high-power applications, especially due to the significant surge in Electric Vehicle (EV) adoption and the swift expansion of high-density data centres and cutting-edge electronics. The market is led by aluminium cold plates and vacuum-brazed designs for enhanced thermal efficiency. Although Asia-Pacific is expected to maintain the largest market share because of its significant electronics and automotive production capacity, North America is predicted to experience the quickest growth, driven by investments in advanced data centre and EV infrastructure. Major firms such as Boyd Corporation, Lytron, Aavid Thermalloy, and Laird Thermal Systems are at the forefront of the market, providing tailored, highly reliable liquid cooling solutions vital for the efficiency and durability of essential electronic components.
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