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Thermal Management Market by Material Type, Devices, Service, End-Use Application - Global Forecast to 2022

Thermal Management Market: Global Forecast until 2022

  • May 2017
  • 170 pages
  • ID: 4927577
In this report:
Europe is likely to account for ##.##% of the thermal management market in 2017; the thermal management market in this region is expected to grow at a CAGR of ##.##% during the forecast period.
North America is likely to account for ##.##% of the thermal management market in 2017; the market in this region is expected to grow at a CAGR of ##.##% during the forecast period.


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"Use of thermal tapes in adhesive materials to fuel the increase of the thermal management market"

The thermal management market is anticipated to grow at a compound annual growth rate (CAGR) of ~7.9 percent between 2017 and 2022, to attain ~$14.2B by 2022 from ~$9.0B in 2016. The thermal management market is mainly influenced by the following factors: increasing demand for thermal management in consumer electronics, increasing application arena across industries including medical equipment, automotive, and aerospace and defense, and radical miniaturization of electronic devices.

Nevertheless, complexities in designing of thermal components act as a restraint for the thermal management market.

"Thermal management market for consumer electronics application forecasted to grow at the highest compound annual growth rate (CAGR) during the estimate period."

The growing demand for thermal management depends on the elevating demand of the consumer electronics. Thermal management solutions are prominently used in many consumer electronics including personal computers, laptops, smartphones, and gaming devices. Thermal management in consumer electronics implies chip cooling and also protects electronic components including processors and transistors from overheating. For the multi-core processors, the noise can be avoided by using big heat sinks, heat pipes, and cooling fans. High conductivity materials including phase change materials and thermal interface materials are widely used in smartphones and laptops to manage the cooling of electronic components and integrated chips. Therefore, growing the number of processors and shrinking the size of electronics components in electronic systems will boost the industry demand for thermal management solutions leading to the increase in adoption of these solutions. Therefore, the sector for consumer electronics is anticipated to reach at the maximal rate during the outlook period.

"North America continent is the main area in thermal management market."

North America (NA) is forecasted to hold the biggest share of thermal management market by 2022. It maintains a tremendous potential for the industry in the coming future due to its high investment in healthcare applications, growing use of electric and hybrid vehicles, and increasing data centers across the area. Also, North American governments actively invest in the aeronautics and defense market. Thermal management devices are used within the computational unit of several missiles. These factors are driving the global thermal management market in the territory.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions have been managed with main officials from the firms in the thermal management market. The break-up of primary participants for the industry report has been shown below:

• By Company category: Tier 1 = 33 %, Tier 2 = 50.0 percent, and Tier 3 = 17.0 percent

• By Description: C-suite executives = 50.0 percent, Directors = 33.0 percent, and Others = 17.0 percent

• By Area: North America continent = 50.0 percent, Europe (EU) = 17.0 percent, Asia-Pac = 33.0 percent,

The report also profiles the top actors in the thermal management market and analyzes their market ranking. The main players decribed in this business report are Honeywell (NYSE:HON), Aavid Thermalloy LLC, Vertiv Co, European Thermodynamics Ltd, Master Bond Inc., Laird PLC, Henkel AG & Co (ETR:HEN), KGaA, Delta Electronics, Incorporated, Advanced Cooling Technologies, Incorporated, Dau Thermal Solutions Inc., Amerasia International Technology Inc., Heatex Ab, Lord Corporation, and Parker Chomerics, among others.

Segment Research

This market research classifies the thermal management market based on material type, device, end-use application, service, and area. The study also offers a description of main drivers, industry restraints, opportunities, and possibilities pertaining to the market; value chain study; and industry ranking analysis.

Reasons to Buy the Report

This study will help the industry leaders (and new entrants) in the following points:

1. This document breaks down the thermal management market comprehensively and offers the closest industry size estimation for all sub-segments across different areas.

2. The market research benefits partners distinguish the pulse of the sector and offers them with the info on key market drivers, market restraints, opportunities, and alternatives for the sector.

3. This industry report will facilitate partners comprehend their players better and acquire additional insights to enhance their rank in the business sector. The competitive outlook section depicts competitor landscape and different strategies implemented by the companies including product developments, alliances, and mergers and acquisitions.

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