The global ThermalManagement Technologies Market size is expected to reach
USD 20.14 billion by 2024, according to a new report by Grand View Research,
Inc. The industry is primarily driven by the growth in the emerging trend of
miniaturization of electronic devices and components.
Developments in the electronics
industry have culminated in a considerable surge in the power densities, which
have led to the introduction of smaller, smarter products. These advancements
in the industry have led to an increased need for innovative thermal management
technologies as they improve the system performance and reliability by avoiding
the heat generated by the devices. The electronic packaging trend has increased
the performance and reduced the size of the product. This has led to a
significant increase in the power consumption of the system.
Advanced technological research
is expected to produce more efficient and cost-effective thermal management
solutions in the future. The key industry participants are extensively focusing
on the development of optimized thermal management solutions that are
cost-effective and are applicable across a range of end-use applications.
However, the industry is anticipated to witness various issues associated with
modularity in designing and reliability of modeling, which are presumed to
challenge the growth over the forecast period.
Full Research Report On Thermal Management Technologies
Market Analysis:
www.grandviewresearch.com/industry-analysis/thermal-management-technologies-industry
www.grandviewresearch.com/industry-analysis/thermal-management-technologies-industry
Further key findings from the report suggest:
·
Stringent regulations as
defined by the Network Equipment Building Systems (NEBS) and the European Telecommunications
Standards Institute (ETSI) require telecommunication industry organizations to
comply with certain thermal management industry standards
·
Current cooling technologies,
standard heat sinks, and fans are rapidly approaching their cooling capacity
limit, and thermal management is becoming a critical step in enabling enhanced
product functionality
·
The thermal management software
is anticipated to exhibit a significant growth in the near future owing to the
increasing adoption of the software heat removal techniques and simulations to
reduce moments of peak heat impact and reduce the risk of failure. The segment
was valued a little over USD 700 million in 2015.
·
The application of thermal
management technologies in consumer electronics is expected to grow at a
significant rate over the next eight years. The growth can be accredited to the
emerging electronic packaging trend to reduce the size of electronic components
and increase the performance of consumer electronic products, leading to the
growth in the power consumption of the system.
·
North America accounted for
close to 35% of the global market share in 2015 and is expected to remain one
of the key revenue-generating regions over the forecast period. The steady
escalation in the use of heat dissipation solutions in organizations is
projected to impact the regional industry growth favorably.
Browse More Reports Of This Category By
Grand View Research At:
www.grandviewresearch.com/industry/electronic-devices
www.grandviewresearch.com/industry/electronic-devices
Grand View Research has segmented the
thermal management technologies market on the basis of product, application,
and region.
Thermal Management Technologies
Product Outlook (Revenue, USD Million, 2014 - 2024)
·
Hardware
·
Software
·
Interface
·
Substrates
Thermal Management Technologies
Application Outlook (Revenue, USD Million, 2014 - 2024)
·
Computers
·
Consumer Electronics
·
Telecommunication
·
Automotive
·
Renewable Energy
·
Others
Thermal Management Technologies
Regional Outlook (Revenue, USD Million, 2014 - 2024)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
Japan
o
India
·
Latin America
·
MEA
Access Full
Press Release of this Report: www.grandviewresearch.com/press-release/global-thermal-management-technologies-industry
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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