The Market for Thermal Management Technologies
The world market for thermal management products will grow from about $7.5 billion in 2010 to $8 billion in 2011 and $10.9 billion by 2016, a compound annual growth rate (CAGR) of 6.4% between 2011 and 2016.
The scope of this report is broad, covering several product areas. The individual materials, hardware, and software product segments are presented in terms of market size and revenue trends. The revenue forecasts are explained in terms of the key market issues for that product segment, and are projected for 5 years from 2011 to 2016. The application sections feature forecasts for the most important applications by product.
The technology discussion concentrates on trends that will develop more significantly during the forecast period. The report also includes a discussion on the competitive aspects of each product segment, along with several successful suppliers’ strategies in the market. A current industry directory, a survey of recent U.S. thermal management patents and patent applications pending, and profiles of a selection of the leading thermal management suppliers are also included.
The report addresses the global market for thermal management products during the period from 2010 through 2016, including
- Thermal management hardware
- Thermal management software
- Thermal management interface products
- Thermal management substrates
The report format includes the following major elements.
- Executive Summary
- Thermal management industry overview
- Thermal management products: major segments, subsegments, technology trends, applications, world market estimates and projections
- Industry structure: market shares and company profiles
- Patent analysis
This report is an update of earlier reports by Ravi Krishan and Andrew McWilliams. Mr. Krishan has had extensive professional and research experience in high technology, with a special focus on the semiconductor industry. He has worked as a high-tech strategy consultant for PricewaterhouseCoopers and as an analyst with several market research firms, including BCC.
Mr. McWilliams, the author responsible for this update, is a partner in the Boston-based international technology and marketing consulting firm, 43rd Parallel LLC. Mr. McWilliams is also the author of several other BCC Research reports related to thermal management, semiconductors, and electronic products including SMC071A Thermal Interface Materials: Technologies, Applications, and Global Markets; IFT061A Enabling Technologies for High-Performance Computing; SMC065A Analog and Mixed Signal Devices; IFT054A Data Storage Media: Materials, Technologies, Markets; IFT049A Digital Image Sensing, Storage and Transfer; SMC048A Semiconductor Microlithography: Materials and Markets; SMC064B Semiconductor/Microelectronics Cleaning; and IFT066A Printed Electronics: The Global Market.
- The world market for thermal management products will grow from about $6.9 billion in 2009 to $7.5 billion in 2010 and $10.2 billion by 2015, a compound annual growth rate (CAGR) of 6.4% between 2010 and 2015.
- Asia-Pacific is projected to be the fastest-growing region, with a compound annual growth rate (CAGR) of 7.3% between 2010 and 2015. This region is valued at $1.7 billion in 2010 and should reach $2.5 billion by 2015.
- The market in the Americas is projected to grow from $2.9 billion in revenues in 2010 to $4 billion in 2015, a compound annual growth rate (CAGR) of 6.7%.
The global market for thermal management technologies increased from $6.2 billion in 2007 to an estimated $6.8 billion by the end of 2008. It should reach $11.1 billion by 2013, a compound annual growth rate (CAGR) of 10.3%.
Thermal management hardware accounts for more than 80% of the total thermal management market.
The largest end-markets for thermal management technologies in 2007 were the computer industry (57% of total revenues) and telecommunications (16%). By 2013, medical and office electronics should move into a tie for second place with telecommunications, each with a 12% market share.
- The world market for thermal management products will grow from about $4.1 billion in 2005 to $4.4 billion in 2006, and approach $6.7 billion by 2011.
- By 2011, medical and office electronics should have moved into third place behind telecom applications, with a 16% market share, followed by consumer electronics with an 11% share.
The Asia-Pacific countries (except Japan) have the highest projected growth rate. By 2011, the Asia-Pacific region is expected to account for nearly a quarter of the market, pulling further ahead of Japan.
The world market for thermal management products will rise from about $3.3 billion in 2003 to $5.9 billion by 2008, at an average annual growth rate (AAGR) of 12.1%.
Revenue growth slowed in 1990s with the downturn in the computer industry, and with suppliers experiencing severe commodity pricing pressures.
The current thermal management market has been rekindled with new design starts, and the emergence of new applications that require completely new cooling solutions.
The 2+ GHz desktop computer, prolific growth of handheld devices and integrated Internet connectivity, the demand for wireless base stations and large Internet infrastructure equipment all present new challenges.
This new study estimates that the world market for this mix of products that dissipate excess heat in electronic systems will grow from about $3.25 billion in 2000 to $6 billion by 2005, at an average annual growth rate (AAGR) of 13%.
The report's forecast of a 13% AAGR reflects the return of growth to the electronics markets. During its slow years, the thermal management industry had introduced many improvements in the thermal handling capability of products. There had also been the development of highly efficient, high-yield manufacturing methods - the adoption of which had been put on hold until recently.
The new materials and components that are now available for next-generation applications are already expanding the definition of efficiency in electronics. Once employed only as a means to prevent thermal failure, thermal management technology will be in demand throughout the forecast period, research indicates, because it can improve the performance of super-fast, high-power and high-temperature electronics systems.