Global Thermal Management Market Size and Forecast To 2025
Global Thermal Management Market Analysis
According to Verified Market Intelligence, The Global Thermal Management Market was valued at USD 8.79 billion in 2017 and is projected to reach USD 17.35 billion by 2025, growing at a CAGR of 7.44% from 2018 to 2025.
What is a Thermal Management?
Electronic devices and circuitry often generate excess heat. This excess heat therefore requires thermal management in order to be able to prevent failures and therefore improve reliability. There are several techniques in order to be able to carry out thermal management which include various devices such as conduction cooling devices, convection cooling devices, advanced cooling devices and hybrid cooling devices. Thermal management can be carried out for applications such as consumer electronics, servers and data centers, automotive, aerospace and defense and more.
Global Thermal Management Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Factors such as the rising demand for thermal management in consumer management and the growing applications for thermal management in electronics are driving the market. Factors such as the complexities in the design of the components that are used for thermal management is restraining the growth of the thermal management market.
Verified Market Intelligence narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Thermal Management Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Thermal Management Market Competitive Landscape
The “Global Thermal Management Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Honeywell International Inc., Aavid Thermalloy LLC., Vertiv Co., European Thermodynamics Ltd., Master Bond Inc., Laird PLC, Henkel AG & Company, KGaA, Delta Electronics, Inc., Advanced Cooling Technologies, Inc. and Dau Thermal Solutions Inc. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
Global Thermal Management Market , By Material Type
• Adhesive Materials
• Nonadhesive Materials
Global Thermal Management Market , By Device
• Conduction Cooling Devices
• Convection Cooling Devices
• Advanced Cooling Devices
• Hybrid Cooling Devices
Global Thermal Management Market , By End-Use Application
• Consumer Electronics
• Servers and Data Centers
• Aerospace and Defense
Global Thermal Management Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Latin America
• Rest of the World
Research Methodology of Verified Market Intelligence:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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