April 21, 2014
Wellesley, Mass., April 21, 2014 –BCC Research (www.bccresearch.com) reveals in its new report, THE MARKET FOR THERMAL MANAGEMENT TECHNOLOGIES, the global market for thermal management products is expectedto grow to $14.7 billion by 2019, with a five-year compound annual growth rate (CAGR) of 6.8%. The hardware category, the largest segment overall, is expected to comprise 80% of the market.
As a result of the widespread introduction of microelectronics, together with the increasing demands on their functionality and reliability, thermal management has become an important issue in almost every branch of industry, including professional and consumer electronics systems as well as automobile electronics, electronic lamps and domestic appliances.
The largest end markets for thermal management products in 2013 were the computer industry (35.2% of total revenues), renewable energy (14.7%) and telecommunications (13.4%) equipment. Computers’ market share is expected to fall to 26.7% by 2019, while renewable energy’s share increases to 16.2%. Telecommunications equipment’s share should drop slightly to 12.9%.
“The Asia-Pacific market should maintain its number-one position throughout the period under review, with a market share of about 65%, followed by North America with around 19%,” says BCC Research semiconductor analyst Andrew McWilliams. “The Asia-Pacific countries are not only the largest market in absolute terms, but they also have the highest projected growth rate with a CAGR of 7.8%.”
THE MARKET FOR THERMAL MANAGEMENT TECHNOLOGIES provides an overview of the global market for thermal management devicies, including analyses of global market trends, with data from 2013, estimates for 2014, and projections of CAGRs through 2019. A discussion on the competitive aspects of each product segment, along with several successful suppliers’ strategies in the market. In addition, the report presents 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.
This report is intended especially for suppliers of thermal management technologies and products, and others with a need to understand the status and dynamics of the market for these products.
Editors and reporters who wish to speak with the analyst, should contact Steven Cumming at firstname.lastname@example.org.
The Market for Thermal Management Technologies( SMC024J )
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email email@example.com or visit www.bccresearch.com/media to request access to our library of market research.