As an essential part of power electronic components, the market demand for radiators has been relatively stable. According to the industrial data, the market size of China's radiators industry has been growing steadily since 2011, with the compound annual growth rate reaching 7.46% from 2011 to 2017, and this data is growing as well from 2018.
In recent years, China's mobile phone industry, communication technology industry and automobile industry have developed rapidly, and the demand for radiators market is also increasing. From the perspective of downstream application market, the radiators industry is mainly used in computers (including laptops) and automobiles, which together account for about 70% of the market share of the radiator industry, and the rest of the electric power supply, LED, ICT and other fields account for about 30%.
According to the 13th Five Year Planning of the country, during the "13th Five Year Plan" period, the application scope of radiator sub product fields, such as CPU radiator, automobile radiator (especially new energy automobile field), ICT, electric energy and other fields will continue to expand, which is expected to drive the further growth of the industry.