Thermal Management Market is expected to reach USD 15 Billion by Forecast to 2023
Aug 24, 2017
Thermal Management Market, By Component (Hardware, Software) By Device (Conduction, Convection) - Forecast 2023
Pune, India - August 24, 2017 /MarketersMedia/ —
Market Highlights:
Thermal Management Market system is a combination of hardware & software elements which helps to carry out all data management task which are required to perform while loading terminal. The components are developed and tested to manage and control a system. According to CGI, terminal management system can be explained as an innovative solution which chains the main business functions involved in bulk terminal management.
The growing demand for thermal management solutions directly depend on the increasing demand for consumer electronics. The solutions are widely used in laptops, various gaming devices, tablets and smartphones among others. It also protects the processors and transistors from overheating.
Also, the system manages critical issues faced in bulk terminals such as complexity in handling multiple products and regulatory requirements while improving safety and productivity. The benefits of implementing these solutions reduces the risk of loading incorrect quality of product, the solutions are also used to configurable and improves terminal efficiency among others.
Geographically, North-America accounted for the largest market share in the global terminal management system market, whereas Asia-Pacific is expected to grow at a fast pace over the forecast period, 2017-2023.
The Thermal Management Market is expected to reach approximately USD 15 billion by the end of 2023 with 7% CAGR during forecast period 2017-2023.
Major Key Players:
• API Heat Transfer (U.S.)
• AI Technology, Inc.(U.S.)
• Aavid Thermalloy, LLC (U.S.)
• Delta Electronics, Inc. (Taiwan)
• Honeywell International Inc (U.S.)
• Henkel AG & Co.
• KGaA (Germany)
• Jaro Thermal (U.S.)
• LAIRD PLC (U.K.
• LORD Corporation (U.S.)
• HEATEX AB (U.S.)
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Regional Analysis:
Regionally, North-America accounted for the largest market share from countries such U.S. among others. The reason is attributed to the increasing investments for these technological solutions, adoption of these thermal management solutions by various domains and low operational cost.
However, Asia-Pacific region is expected to grow over the forecast period, 2017-2023. The reason is attributed as the presence of large number of electronic manufacturers, increasing government initiatives and the increasing adoption of thermal solutions by various sectors.
Thermal Management Market:
According to Market Research Future, market has been segmented into components, devices, end-users and region. On the basis of end-user, the market has been segmented into automotive, aerospace & defense, food & beverages, healthcare and consumer electronics among others.
Out of these end-users, consumer electronics accounted for the largest market share majorly due to increasing demand by consumers and changing lifestyles. Also, the automotive sector is expected to grow over the forecast period. The reason is attributed as the increasing complexity in in the passenger as well as the commercial heavy-duty vehicles, increasing development of products and power efficiency.
Market Research Future Analysis:
The global Thermal Management Market is expected to grow significantly over the forecast period, 2017-2023. Consumer electronics and automotive segment of thermal management market globally drives the market majorly due to increasing demand for gadgets and smartphones. The market is expected to have higher growth rate as compared to the previous years.
Asia-Pacific region is expected to grow at a fast pace over the forecast period, 2017-2023. Countries such as Japan, China and India contributes largely to the overall market share. The factors driving the market are the increasing number of manufacturers, stringent government regulations, increasing adoption of renewable energy and also increasing awareness among consumers regarding environment friendly heat management solutions.
North-America accounted for the largest market share. Countries such as U.S. and Canada contributes largely to the overall market share. The reason is attributed to the growing healthcare sector and growing demand for data centers across various industries such as automotive, food & beverages among others.
Segments:
For the purpose of this study, Market Research Future has segmented the market of thermal management into component, device, end-users and region.
Component
• Hardware
• Software
Device
• Conduction
• Convection
• Hybrid
• Advanced
• Others
Region
• North-America
• Europe
• Asia-Pacific
• RoW
Intended Audience
• Device manufacturers
• Network Operators
• Distributors
• Suppliers
• Research firms
• Software Developers
• Commercial Banks
• Vendors
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Table of Contents
1 Market Introduction
1.1 Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
Continued……
List of Tables
Table 1 Thermal Management Market, By Component
Table 2 Thermal Management Market, By Device
Table 3 Thermal Management Market, By End-Users
Continued……
List of Figures
Figure 1 Research Methodology
Figure 2 Thermal Management Market, By Component (%)
Figure 3 Thermal Management Market, By Device (%)
Continued……
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Contact Info:
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Email: [email protected]
Organization: Market Research Future
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Source: MarketersMedia
Release ID: 230058
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