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Thermal Management Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2027

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Global Thermal Management Technologies Market: Snapshot

The global market for thermal management technologies has attained significant impetus, thanks to the substantial rise in the electronics industry that has led to the surge in power densities, resulting in the increasing development of compact and smarter products. The rising requirement for advanced heat dissipation systems in compact products is fueling the demand for various thermal management technologies, which is expected to reflect positively on this market in the years to come.

Thermal management technologies are primarily utilized in the automotive, electrical and electronics, defense, aerospace, chemical, and the medical industries. The demand for these technologies is significantly high in the automotive and the electrical and electronics industries. With the escalating demand for these technologies in optimizing the computer-cooling process in order to control the amount of heat generated during the operation, the electrical and electronics industry is expected to emerge as the key end user of these technologies.

The substantial surge in the operating frequencies for enhanced performance and the continual decrease in the size of ICs and other components are projected to fuel the demand for these technologies considerably in this segment over the next few years.

Global Thermal Management Technologies Market: Overview

Thermal management is the management to control temperature based systems by means of technologies which are established on the basis of heat transfer and thermodynamics characteristics. The thermal management technology functions either to increase or decrease the temperature of a specified systems. The thermal management technologies finds application in various end use industries, among them the major end market is computer and telecommunications. The automotive electronics is also one of the major end use owing to the increasing regulations in the automobile industries. In automotive, the thermal management technologies are used in HVAC, instrumental panels, infotainment, head up displays etc. The power and thermal management in aerospace and military operations are extremely crucial. The carbon thermal management systems of light weight carbon nanotubes, fuel cells, enhanced cooling spray etc. are some of the management systems used in the aerospace industries. The global thermal management technologies market is expected to grow at moderate CAGR during the forecast period.

Global Thermal Management Technologies Market: Drivers and Restraints

The global thermal management technologies market is driven by the increasing demand for heat management in complex systems. For instance, the power electronics, medical devices and various high heat applications are designed in compact size and requires enhanced thermal technology to absorb the heat penetration. Such a factor boosts the global thermal management technologies market. The growing automotive industries also requires enhanced thermal management techniques thus drives the global thermal management technologies market. Further, the growing consumer electronics market aids in the expansion of thermal management technologies market.

However, some of the challenges in thermal management technologies are higher production costs, has to meet the stringent standards, thermal challenges such as high packaging factor etc. This might restrain the growth of global thermal management technologies market.  

Global Thermal Management Technologies Market:  Segmentation  

On the basis of application, thermal management technologies market can be segmented as follows:-

  • Heating
  • Cooling
  • Condensation

On the basis of end use, thermal management technologies market can be segmented as follows:-

  • Electrical & Electronics
  • Automotive
  • Defense
  • Chemical
  • Aerospace
  • Medical
  • Others

Global Thermal Management Technologies Market:  Region wise Outlook

The global thermal management technologies market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). The thermal management technologies market in North America region is robust owing to high market presence of established players such as Gentherm Incorporated, Advanced Cooling Technologies, Inc. etc. The thermal management technologies market in APEJ is expected to grow at a significantly high rate owing to the electronics and semiconductor manufacturers.  Moreover, the increasing expansion of various end users such as automotive, electrical and electronics equipments boosts the market in APEJ region.  Western Europe thermal management technologies market is expected to grow owing to the stringent regulations for automotive manufacturers.

Global Thermal Management Technologies Market:  Key Players

Some of the key players identified in the global thermal management technologies market includes:

  • Bergquist Company, Inc
  • Advanced Cooling Technologies, Inc.
  • INHECO Industrial Heating & Cooling GmbH
  • Outlast Technologies LLC
  • Gentherm
  • Thermacore, Inc.
  • Autoneum Holding AG
  • GOUSHOU Technology Corp.
  • AllCell Technologies LLC.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market    

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.

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