The worldwide LED thermal products industry has been experiencing explosive growth over the past years due to growing demand for advanced technology. LED thermal products are LED-based thermal dissipaters that eliminate excessive heat from electronics. These are highly efficient than fluorescent or incandescent lights. They are essential to separate excessive heat produced from the LED devices due to semiconductors. They are extensively used among consumers due to increased lifespan of the gadgets. In recent years, growing adoption of the product in home appliances, such as washing machines and refrigerators, are expected to fuel market growth. The product is lightweight and highly durable, which improves the product's performance.
The outbreak of the COVID-19 pandemic declined manufacturing activities of the product. Strict lockdown restrictions and shortage of raw materials hampered market growth. Further, growing adoption of heat dissipating chipsets among consumers lowered the product demand drastically. The market witnessed supply chain disruptions during the pandemic. On the contrary, lockdown relaxation is expected to boost the adoption of part-time shifts, reduced capacities, and production machinery. Such factors are projected to drive market growth post-COVID-19 pandemic. As per Business Research Insights, the global LED thermal products market size is anticipated to hit USD 2,932 million by 2025 at a CAGR of 10.05% during the forecast period. Growing demand for effective and high-quality heat dissipation solutions is likely to aid the industry's expansion.
Business Research Insights Identifies the Following as the Top 10 Leading Companies in the Global LED Thermal Products Industry:
- LEDdynamics
LEDdynamics is one of the leading companies in the LED thermal products industry with an experience of over +20 years. It has gained a solid customer base all over the world. In 2008, the company was presented with the innovation and product of the year award. The company has research, design, and production facilities under one roof. The goal of the company is to offer cutting-edge LED technology products, software, and systems.
- Dialight
Dialight is a world leading LED industrial lighting solution with an experience of +50 years. The company is situated in New York, U.S. Its products are specially designed to provide superior operational performance, durability, and reliability. Further, the company has a safer working environment. It has ongoing investment and rapid return on investment.
- TE Connectivity
TE Connectivity is a manufacturing leader in industrial technology. Its products are extensively used in medical technology, data communications, industrial applications, and energy & electrical manufacturing. The company has experience of over 80 years and focuses on empowering potential people and transforming lives with reliable power and signal.
- Lighting Science Group Corporation
Lighting Science Group Corporation develops and manufactures RGB and LED arrays in white and monochrome. The company was founded in 2001. It is situated in New Jersey. The company has exceptionally high luminous intensity with very small footprints.
- Sunon Fans
The mission of Sunon Fans is to develop a new motor core technology. It has more than 40 years of experience. The company has a strong customer base worldwide. It is known for its innovation and flexible custom design capabilities. It has a consistently reliable product and manufacturing efficiency. It has more than 70 distribution partners.
- Cree Inc.
Cree Inc. has the widest portfolio of high-performance LED components. The company changed its name to Wolfspeed Inc. in 2021. The company underwent a successful transition to a global semiconductor powerhouse. It was founded in July 1987.
- T-Global Technology
T-Global Technology is a leading expert in thermal management solutions. The company has unique products such as non-silicone putty, ceramic heat sinks, and advanced phase change materials. It also has robust customer care services.
- Molex
Molex is a leading manufacturer of electrical, electronic, and fiber optic connectivity systems. It is considered the second largest electronic connector company. The company was established by Fredrick Krehbiel in 1983. The company has 100,000 products and dominates various industries such as medical, data communications, consumer electronics, and automotive.
- Aavid Thermalloy
The company has over 90 years of experience. It has a strong customer relationship and innovation in precision converting and die-cutting technologies. Aavid Thermalloy has improved product quality and optimized supply chain partners.
- Advanced Thermal Solutions
Advanced Thermal Solutions is a leading-edge manufacturing and engineering company. It focuses on the thermal management of electronics. The company was founded in 1989 as a consulting company. It has strong consulting and design services.
Evolving Consumer Preferences in LED Technology
Consumers demand for electronic products for an easy and smooth lifestyle. Today's generation is extensively dependent on technology. They are adopting advanced home appliances with innovative features and an incredible lifespan. There is increasing popularity regarding the benefits of products in the electronic industry. Further, LED thermal products are playing a vital role in the gaming industry. The products are exceptionally durable and lightweight, which is an excellent choice for customers. In addition, growing adoption of advanced technology in the electronic industry is a factor boosting the market growth.