San Francisco, 26
November 2018: The global thermal management 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.
Access Research Report
of Thermal Management Technologies
Market @ 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
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
·
Europe
·
Asia Pacific
·
Latin America
·
MEA
Access Press Release of
Thermal Management Technologies Market@ 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.
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