The Detailed Market intelligence report on the Thermal Management Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Thermal Management Market place for the forecast 2021– 2027.
Global Thermal Management market is to register a substantial CAGR of 8.27 % in the forecast period of 2021-2027
The major players included in the global thermal management market forecast are,
Owing to enhancements in the electronics sector, the introduction of smarter & smaller products is rising. These developments in the sector have resulted in an elevated requirement for innovative thermal management techs to enhance system reliability and performance, by removing the heat created by devices.
Thermal management can be defined as the capability of controlling the temperature of a system by different techs such as thermodynamics amongst others. It essentially defines different processes such as conduction, heat transfer, and radiation among others. On the other hand, the system is complicated in nature as it has various components.
The nonadhesive material segment is expected to lead the global market in the years to come. Nonadhesive materials such as gap fillers, thermal pads, and grease are employed broadly in user electronics such as laptops, computers, and other handheld machines such as tablets. Thermal pads are employed to fill the gaps between microprocessors and heat sinks. They remove air gaps to provide low-stress vibration dampening and lower thermal resistance. Elastomeric pads were designed as an option to grease-supported solutions employed previously for thermal management.
Convection cooling devices in thermal management are more and more being employed in electronic circuits, electronic components, and PCBs. These machines assist reduce the peak temperature of various systems where they are set up with forced and natural convection cooling techs. Machines such as heat pumps, loop heat pipes, heat spreaders, and heat sinks are employed for effectual cooling of computers and processors, amongst others.
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2027|
|Market Size in 2020:||USD XX Million|
|Base year considered||2020|
|Forecast Period CAGR %:||8.27 %|
|Market Size Expected in 2027:||USD XX Million|
|Tables, Charts & Figures:||175|
Aavid Thermalloy LLC., Honeywell International Inc., European Thermodynamics Ltd., Vertiv Co., Advanced Cooling Technologies, Inc., Master Bond Inc., Amerasia International Technology Inc., Dau Thermal Solutions Inc., Parker Chomerics, Heatex AB
|Segments Covered||By Material, By Device, by Service, by End-use Industry|
North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
By Material: Adhesive Material, Nonadhesive Material,
By Device: Conduction Cooling Devices, Convection Cooling Devices, Advanced Cooling Devices, Hybrid Cooling Devices
By Service: Installation & Calibration, Optimization & Post-sales Support
By End-Use Industry: Aerospace & Defense, Automotive, Servers & Data Centers, Consumer Electronics, Enterprises, Healthcare, Others
Middle East and Africa
The tablet and smartphone material market has seen considerable development in the last decade. Owing to the sensitivity toward costs and weight, the said segment is predicted to majorly depend on enhanced materials for cooling solutions instead of secondary heat sinks.
Chip-cooling tech has developed over the decades, to lodge the steep rise in heat flux in electronic machines. The multi-phase heat transfer from single-phase heat transfer has resulted in the design of enhanced cooling solutions in the market.
Owing to the rising development rate of user electronics in the US, fast connectivity and Artificial intelligence have become essential elements for the next era of dominators in the smart home device, smartphone, and smart speaker segments. This is predicted to power the thermal management market. Convection cooling machines are used widely in printed circuit boards (PCBs) and electronic circuits. This has led to the development of the thermal management market. Hence, these machines assist reduce the peak temperature of the systems with forced and natural convection cooling techs.
Asia Pacific has surfaced as a global focal point for business expansion opportunities and large investments. Furthermore, rising requirement for effective thermal management systems and solutions from automotive, consumer electronics, healthcare, and defense industries is also powering the development of the Asia Pacific market.
Flourishing chip production firms in nations such as South Korea and China are adding to the development of the Asia Pacific market. The area has a major status in the global semiconductor chip production sector with Japan, China, Taiwan, and South Korea dominating the sector owing to the attendance of firms such as Renesas Electronics Corporation, SK Hynix Inc., Samsung Group, and Toshiba Corporation in these nations.