Thermal Management Market Highlights:
Market Research Future (MRFR) shed light on promoting and limiting causes of the Global Thermal Management Market 2020, in its latest report. As per MRFR analysis, the thermal management market can rise at 7% CAGR in the analysis period 2017- 2023.
The growing utility of thermal management systems and solutions by multiple industries, such as healthcare, aerospace & defense, and automotive is observed as the chief booster for the expansion of the thermal management market in the analysis period. The expansion of the thermal management market through the review period is attributed to several other factors, such as expansion of SMEs and increase in high power devices across these sectors, following the healthcare field. The surge in thermal management solutions applications can improve the impetus of the Thermal Management Market in the years to come. In addition, increase in demand for tablets, smartphones, and laptops can boost the thermal management market expansion. The rising awareness about operational efficiency and synthetic cooling methods of thermal management system can drive the market across the analysis period. Top-notch companies are invested in the introduction of innovations associated with chip cooling solutions. The increase in number of different thermal management system producers and launching of new technological cooling solutions can also prompt the expansion of the thermal management market across the review period.
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Major Key Players:
AI Technology, Inc.(U.S.), API Heat Transfer (U.S.), Delta Electronics, Inc. (Taiwan), Aavid Thermalloy, LLC (U.S.), Henkel AG & Co. KGaA (Germany), Honeywell International Inc (U.S.), LAIRD PLC (U.K.), Jaro Thermal (U.S.), HEATEX AB (U.S.), and LORD Corporation (U.S.) among others are some reputed names in the thermal management global market as listed by MRFR.
The segment evaluation of the thermal management market is done by end-users, components, and devices.
The end-user-based segments of the thermal management market are aerospace & defense, automotive, consumer electronics, healthcare, and food & beverages among others.
The end-users-based segments of the thermal management market are consumer electronics, Food & Beverage, Healthcare, Automotive, and Aerospace and Defense among others. The expansion of thermal management market is largely attributed to the increased demand for consumer electronics by consumers due to their changing lifestyles. The expansion of the automotive sector and the growing demand for commercial heavy-duty vehicles can impel the expansion of the market in the years to come. The increased need for developing power efficient products can promote the rise of the thermal management market in the years to come.
Market Research Future Analysis:
Trends of the global thermal management market is studied across APAC, EU, MEA, and North America. The booming consumer electronics business in the region can support the rise of North America thermal management market in the years to come. The expansion of the thermal management market in the region can be attributed to the growing automotive segment of the regional trade. The rise in demand for smartphones and gadgets can drive the expansion of the regional thermal management market through the analysis period.
In Asia Pacific, the expansion of the thermal management market can be credited to the growing number of start-ups dealing in automobile in the years to come. The expansion of thermal management market across India, Japan, and China can contribute significantly to the expansion of the thermal management market in the years to come. In EU, the thermal management market can rise due to rise in the number of thermal management system manufacturers and the presence of stringent emission regulations can spur the expansion of the regional market in the years ahead.
Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure
List of Tables
Table 1 Thermal Management Market, By Component
Table 2 Thermal Management Market, By Device
Table 3 Thermal Management Market, By End-Users
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List of Figures
Figure 1 Research Methodology
Figure 2 Thermal Management Market, By Component (%)
Figure 3 Thermal Management Market, By Device (%)
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