A new Report by Delvens, titled “Thermal Management Market”, by Material, Device (Conduction, Convection, Advanced, and Hybrid), Service (Installation & Calibration and Optimization & Post-sales Support), End-Use Industry, and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America), The global Thermal Management Market size is projected to reach at a CAGR of 7.9% to the forecast to 2028
A broad range of material technologies and problem-solving design tools that are generally applied by manufacturers to regulate the unwanted heat emitted from the normal functioning of an electronic system is considered as thermal management technologies, which are classified as hardware, software, interfaces, and substrates.
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Rising demand for effective thermal management solutions and systems for use in consumer electronics, increasing use of electronic devices in different end-use industries, and ongoing radical miniaturization of electronic are some of the factors that have supported long-term expansion for Thermal Management Market.
Top Key Players of Thermal Management Market:
· Parker Hannifin Corporation
· Advanced Cooling Technologies Inc.
· Honeywell International Inc.
· Gentherm Incorporated
· Autoneum Holding AG
· Henkel
· Master Bond
· Laird
· Delta Electronics
· Heatex
· Thermotek and More
Recent Developments:
· In April 2020, Laird Thermal Systems launched the new UltraTEC UTX Series thermoelectric cooler that offer a 10% boost in heat pumping capacity, greater temperature differential and higher efficiency than standard thermoelectric coolers.
· In February 2020, Honeywell launched the Solstice E-Cooling, a breakthrough platform of liquid heat transfer agents that cool high-performance electronics more efficiently and effectively than traditional methods that use air and water.
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Regional Analysis
The North American region is expected to account for the largest market share, attributed to the increasing investments for the technological solutions, adoption of the thermal management technologies by various domains, and low operational cost. Some of the prominent players in the thermal management technologies, such as Parker-Hannifin Corp, Advanced Cooling Technologies Inc., Honeywell International Inc., and Gentherm Inc., are headquartered in this region.
Thermal Management Market is segmented into material, device, service, end user and region.
On the basis of Material
· Adhesive Material
· Non-adhesive Material
On the basis of Device
· Conduction Cooling Devices
· Convection Cooling Devices
· Advanced Cooling Devices
· Hybrid Cooling Devices
On the basis of Service
· Installation & Calibration
· Optimization & Post-sales Support
On the basis of End User
· Aerospace & Defense
· Automotive
· Servers & Data Centers
· Consumer Electronics
· Enterprises
· Healthcare
· Others
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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Key Features of Global Market Report:
· Analyze competitive developments like expansions, deployments, new product launches, and acquisitions.
· Identify growth opportunities for stakeholders by pinpointing high-growth segments.
· Study global industries status and forecast, focusing on key regions.
· Conduct an in-depth analysis of product segments and applications, offering strategic recommendations for competitive advantage.
· Provide a comprehensive analysis of key regions, including SWOT and Porter's Five Forces analyses.
· Assist in making strategic business decisions and investment plans.
Reasons to Acquire
· Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
· Gain authentic and granular data access for Thermal Management Market so as to understand the trends and the factors involved behind changing market situations
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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