Thermal Management Technologies Market Analysis And Segment Forecasts To 2024
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Thermal Management Technologies Market Analysis And Segment Forecasts To 2024 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. Browse the report: http://www.orbisresearch.com/reports/index/thermal-management-technologiesmarket-analysis-by-product-hardware-software-interface-substrates-by-application-computers-consumerelectronics-telecommunication-automotive-electronics-renewable-energy-and-segment-forecasts-to-2024 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.
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Thermal Management Technologies Market Analysis And Segment Forecasts To 2024 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. Request a sample of the report: http://www.orbisresearch.com/contacts/request-sample/111376 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.
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