Thermal Management Market to Hit USD 15 Billion | Market In-Depth Analysis, Share, Trends, Size, Growth, Opportunities and Forecast 2030
Research Reports
Apr 18, 2022
Global Thermal Management Market – Overview
The Thermal Management Market is projected to grow at a CAGR of 7% during the forecast period. As per the thermal management market research report, the global market for thermal management is projected to grow swiftly by US$15 billion by 2023. The rise in interest for thermal administration arrangements and frameworks for their application in expanding utilization of electronic gadgets customer gadgets in various industrial verticals are driving the market’s growth.
The higher demand for thermal management techniques and frameworks in business sectors like medical services, automotive, and aviation and safeguard is advancing the development of the Thermal Management Market growth worldwide. The higher utilization of enormous miniature gadgets in the medical sector to implement different therapies and applications fuel the Thermal Management Market for investigation. These growth factors are highly driving the market. The key industrial players are putting all their efforts into upgrading the features of the market to meet the demand of industrial verticals. The industrial player’s strategies will help the market reach its estimated value during the forecast period.
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Market Segmentation
The global thermal management market has been segmented based on device, end-users, region, and component.
By device, the market for thermal management is segmented based on conduction and convection. Additionally, the market on the basis of end-users, is segmented into aerospace and defense, automotive. The global market for thermal management is also covered based on component segment which is further split into hardware and software.
Major elements such as technical limitations could obstruct the thermal management market growth. However, according to the thermal management market research report, growing advancements in the electronic industry along with increasing demand for consumer electronics will propel growth throughout the forecast period. The thermal management market is set to register growth at a high CAGR owing to these key factors. The exploration of device, end-users, region, and component segments along with regional markets has been given in the global thermal management market research report. The research analysts studying the thermal management market have put out market forecasts in the thermal management market research report in order to support thermal management market-based companies. The thermal management market research report provides an extensive understanding of the thermal management market based on the information and forecasts till 2023.
Regional Overview
North America, Europe, Asia Pacific and the rest of the world regional market for thermal management are predominantly covered in the global thermal management market research report. Country-level thermal management markets spread across North America – the United States, Canada, and Mexico are also covered in the report. In South America – Brazil and other country-level thermal management markets are covered in the report. In Asia-Pacific (APAC) region, the country-level thermal management markets covered are Japan, India, China, and others. The thermal management market research report also explores the regional market for thermal management present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The thermal management market research report also covers regional markets from the rest of the world alongside thermal management markets of Africa and the Middle East.
Competitive Landscape
Following are the major key player in the Thermal management market:
- 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.
- Dau Thermal Solutions Inc.
Industry News
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