Thermal Management Market – Industry Analysis and Forecast (2016-2024) – By Material Type, Device, Application and By Region. Thermal Management Market was valued at 117.54 million in 2016, exhibiting a CAGR of 6.76% during 2016-2024
Convection cooling devices are extensively used in electronic circuits and printed circuit boards (PCB) which in turn is expected to drive the development of thermal management devices. These devices help in lowering the highest temperature of systems with natural and forced convection cooling technologies. Devices such as loop heat pipes, heat sinks, heat pumps and heat transmitters are used in providing effective cooling solutions in processors and computers.
Considering all these factors, it is expected that the demand to keep the high efficiency of electronic devices will help in boosting the Thermal Management Market. Thermal Management Market growth is mainly driven by increasing demand for self-governing, silent, and fuel-efficient engine cooling system. However, the growing demand for electric vehicles can restrain the development of engine cooling components such as radiators, oil coolers, and hydraulic motor & pumps. North America is projected to hold a major share of Thermal Management Market by 2024, and it holds a great potential for the market in future as well because of large investment in healthcare applications, increasing use of electric and hybrid vehicles, and growing data centers across the region. The market in North America consists of US, and Canada that has also contributed to the overall Thermal Management Market growth.
Key players analysed 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. • Amerasia International Technology Inc. • Heatex Ab • Lord Corporation • Parker Chomerics • PARKER HANNIFIN CORP • Gentherm • Autoneum Holding AG • AllCell Technologies LLC. • Thermacore, Inc. • INHECO Industrial Heating & Cooling GmbH. • GOUSHOU Technology Corp. • Bergquist Company, Inc. • Outlast Technologies LLC. For More Information Visit https://www.maximizemarketresearch.com/market-report/thermalmanagement-market/11222/
The scope of the Thermal Management Market: Thermal Management Market By Material Type: • Adhesive Material • Non-adhesive Material Thermal Management Market By Device: • Conduction Cooling Devices • Convection Cooling Devices • Advanced Cooling Devices • Hybrid Cooling Devices Thermal Management Market By Application: • Aerospace and Defense • Automotive • Servers and Data Centers • Consumer Electronics • Medical Equipment Thermal Management Market By Region: • North-America • Europe • Latin America • Middle East • Asia Pacific
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