Global Thermal Management Market Size, Share, Analytical Overview, Future Trends, Demand, Historical Analysis, Growth Factors and Forecast to 2027
SUMMERY:
Market Research Future published a research report on “Global Thermal
Management Market Research Report- Global Forecast 2027” – Market Analysis,
Scope, Stake, Progress, Trends and Forecast to 2027.
Market Overview
The changing demand for various smartphones,
laptops and tablets is boosting the growth of the thermal management market.
Also, factors such as operational efficiency and usage of various synthetic
cooling methods are projected to propel the growth of the thermal management market. The companies are investing in chip cooling solutions. Various
manufacturers are working on new technological cooling solutions such as heat
transfer technologies and thermodynamics. The market is expected to grow over
the forecast period.
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Key Players
The key players in the
global thermal management market include- API Heat Transfer (U.S.), AI
Technology, Inc.(U.S.), Aavid Thermalloy, LLC (U.S.), Delta Electronics, Inc.
(Taiwan), Honeywell International Inc (U.S.), Henkel AG & Co. KGaA
(Germany), Jaro Thermal (U.S.), LAIRD PLC (U.K.), LORD Corporation (U.S.) and
HEATEX AB (U.S.) among others.
Segmentation
Segmentation by Operation: storage &
transportation, Packaging & distribution, assembly, waste According to
Market Research Future, market has been segmented into components, devices,
end-users and region.
On the basis of end-user, the market has been
segmented into automotive, aerospace & defense, food & beverages,
healthcare and consumer electronics among others.
Out of these end-users, consumer electronics
accounted for the largest market share majorly due to increasing demand by
consumers and changing lifestyles. Also, the automotive sector is expected to
grow over the forecast period. The reason is attributed as the increasing
complexity in in the passenger as well as the commercial heavy-duty vehicles,
increasing development of products and power efficiency.
Regional Analysis
The global thermal management market is expected to grow significantly
over the forecast period, 2017-2023. Consumer electronics and automotive
segment of thermal management market globally drives the market majorly due to
increasing demand for gadgets and smartphones. The market is expected to have
higher growth rate as compared to the previous years.
Asia-Pacific region is expected to grow at a fast pace over the forecast
period, 2017-2023. Countries such as Japan, China and India contributes largely
to the overall market share. The factors driving the market are the increasing
number of manufacturers, stringent government regulations, increasing adoption
of renewable energy and also increasing awareness among consumers regarding
environment friendly heat management solutions.
North-America accounted for the largest market share. Countries such as
U.S. and Canada contributes largely to the overall market share. The reason is
attributed to the growing healthcare sector and growing demand for data centers
across various industries such as automotive, food & beverages among
others.
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