Thermal Management Technologies Market

Introduction of the Thermal Management Technologies Market Report

The electronic packaging trend has improved the performance and decreased the size of the product which has raised the overall power consumption of the system, thus creating various opportunities to bring thermal management advancement with better system performance. The global thermal management technologies market covers various applications such as consumer electronics, telecommunication, renewable energy, among others.

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Market Dynamic

Key Drivers and Emerging Trends

One of the biggest factors that is responsible for the growth of the global thermal management technologies market includes the rising usage of electronic devices in various sectors such as aerospace & defense, automotive, healthcare, among others. It is increasingly used in the consumer electronics sector owing to its greater processing capacity. The leading manufacturers are opting for passive cooling technology in their devices, such as a smartphone. In 2020, Realme X50 Pro Player Edition introduced its cheaper version of Realme X50 Pro. There has been a constant growth in thermal management technologies technologies owing to the rising implementation of interfaces in automated assembly. These interfaces are considered as the key hear dissipation offerings, especially for electronic devices. Furthermore, there has been a surge in the adoption of renewable energy resources, which is further driving the market growth. The increasing industrialization around the world has increased the required power supply, thus boosting the growth of the overall thermal energy storage market.

Restraint in the Thermal Management Technologies Market

On the other hand, the several system-level and components technological issues which include spatial and temporal variation in the heat load, heat effect on transistor operations, acoustic noise emission, among others is a major factor that is likely to hamper the market growth.

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Product Type – Segment Analysis

Based on the product type, the hardware segment is projected to grow at a higher CAGR during the forecast period. This is mainly attributed to the rising production of miniaturized microprocessors. In addition to this, the growing implementation of heat removal solutions in high-volume commodity systems is further driving the market growth. There has been an increase in the application of hardware in electronics as the manufacturers are focusing on decreasing energy consumption and carbon footprints.

Application – Segment Analysis

Based on the application, the computer segment is expected to grow at a higher CAGR during the forecast period. The growing demand for this type of solution to optimize the computer-cooling process to control a large amount of heat produced during the operational process is a major factor that boosts the market growth. There has been an increase in the operating frequencies for better performance and a continued decrease in the size of ICs and other components, which in turn, is further driving the market growth.

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Regional – Segment Analysis:

Based on the region, Asia-Pacific region is projected to grow at a higher CAGR during the forecast period. The rising adoption of heat dissipation solutions to increase the heat dissipation in electronics is a major factor that is boosting the regional market growth. Moreover, the various governments are introducing plans and initiatives to increase the adoption of renewable energy sources, which is further contributing to the market growth. In 2020, China’s Ministry of Finance had set the country’s renewable power subsidy for 2021 at 5.95 billion, which will go to wind farms, biomass power generators, and solar power operators.

Top Market Players

Various notable players operating in the market include Boyd Corporation, Advanced Cooling Technologies, ALE International, Miba AG, Heatex, Honeywell International Inc., Laird, Momentive, Pentair, and SAPA S.p.A., among others. 

Key Developments:

• • In 2020, Honeywell International Inc., introduced the Solstice E-cooling, which can be used to remove heat from electronic applications in order to decrease the environmental impacts.

Segments covered in the Report:

The global Thermal Management Technologies market has been segmented on the basis of Product Type, Applications, and regions. Based on Product Type, the market is segmented into Hardware, Software, Interface, and Substrate. Based on applications, the market is segmented into computers, consumer electronics, telecommunication, automotive electronics, renewable energy, and others. 

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Key questions answered in this research report:

• • At what pace is global Thermal Management Technologies market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Thermal Management Technologies market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Thermal Management Technologies market?
  • Which Product Type generated maximum revenues in 2020 and identify the most promising Product Type during the forecast period?
  • What are the various Applications areas of global Thermal Management Technologies market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product Type, By Applications, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Boyd Corporation, Advanced Cooling Technologies, ALE International, Miba AG, Heatex, Honeywell International Inc., Laird, Momentive, Pentair, and SAPA S.p.A., among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Thermal Management Technologies Market by Product Type

• • Hardware
  • Software
  • Interface
  • Substrate

Global Thermal Management Technologies Market by Applications

• • Computers
  • Consumer Electronics
  • Telecommunication
  • Automotive Electronics
  • Renewable Energy
  • Others

Global Thermal Management Technologies Market by Region

• • North America Thermal Management Technologies Market (Option 1: As a part of the free 25% customization)
    • North America Thermal Management Technologies Market by Product Type
    • North America Thermal Management Technologies Market by Applications
    • US Thermal Management Technologies Market All-Up
    • Canada Thermal Management Technologies Market All-Up
  • Europe Thermal Management Technologies Market (Option 2: As a part of the free 25% customization)
    • Europe Thermal Management Technologies Market by Product Type
    • Europe Thermal Management Technologies Market by Applications
    • UK Thermal Management Technologies Market All-Up
    • Germany Thermal Management Technologies Market All-Up
    • France Thermal Management Technologies Market All-Up
    • Spain Thermal Management Technologies Market All-Up
    • Rest of Europe Thermal Management Technologies Market All-Up
  • Asia-Pacific Thermal Management Technologies Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Thermal Management Technologies Market by Product Type
    • Asia-Pacific Thermal Management Technologies Market by Applications
    • China Thermal Management Technologies Market All-Up
    • India Thermal Management Technologies Market All-Up
    • Japan Thermal Management Technologies Market All-Up
    • Rest of APAC Thermal Management Technologies Market All-Up
  • RoW Thermal Management Technologies Market (Option 4: As a part of the free 25% customization)
    • RoW Thermal Management Technologies Market by Product Type
    • RoW Thermal Management Technologies Market by Applications
    • Brazil Thermal Management Technologies Market All-Up
    • South Africa Thermal Management Technologies Market All-Up
    • Saudi Arabia Thermal Management Technologies Market All-Up
    • UAE Thermal Management Technologies Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Thermal Management Technologies Market All-Up

Major Players Operating in the Thermal Management Technologies (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Boyd Corporation
  • Advanced Cooling Technologies
  • ALE International
  • Miba AG
  • Heatex
  • Honeywell International Inc.
  • Laird
  • Momentive
  • Pentair
  • SAPA S.p.A.