Global thermal management market is to register a substantial CAGR of 8.28 % in the forecast period of 2020-2026. Electronic devices and circuits often produce excess heat. This excess heat, therefore, needs thermal management in an attempt to avoid errors and hence enhance efficiency.
Major Market Players
Few of the major competitors currently working in the global thermal management marketare Delta Electronics, Inc., PARKER HANNIFIN CORP, Master Bond Inc., Henkel AG & Co. KGaA, LORD Corporation., Laird, HEATEX AB, Honeywell International Inc., AI Technology, Inc., Miba AG, European Thermodynamics Ltd., Boyd Corporation, ThermoTek, API Heat Transfer, Kelvion Holding GmbH, GENTHERM., Vertiv Group Corp., Aismalibar, INHECO Industrial Heating & Cooling GmbH, Cool Innovations, amongst others.
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Several methods are available to allow thermal management to be carried out, including multiple systems such as conduction cooling equipment, convection cooling machines, sophisticated modeling machines and hybrid cooling systems. Thermal management can be performed for apps such as consumer electronics, computers and data centers, manufacturing, aviation and defense and much more.
Segmentation: Global Thermal Management Market
- By Materials (Adhesive Materials, Non- Adhesive Materials)
- By Devices (Conduction Cooling Devices, Convection Cooling Devices (passive and active), Advanced Cooling Devices, Hybrid Cooling Devices)
- By Service (Installation and Calibration, Optimization and Post-Sales Support)
- By End-Use Application (Aerospace & Defense, Automotive Servers and Data Centers Consumer, Electronics, Healthcare)
- By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Global thermal management market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of thermal management market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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- Rising requirement for efficient thermal management solutions and systems from electronics
- Increasing advances in the electronics industry are boosting the growth of the market
- Enhanced use of electronic equipment in distinct end-use sectors
- Increased progressive miniaturisation of electronic instruments
- The complexity of parts used for thermal management hinders the growth of the market.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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