San Francisco, Nov 29 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.
Browse full research report on 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: 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
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia Pacific
- China
- Japan
- India
- Latin America
- MEA
Browse press release of this report
by Grand View Research: 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.
For more information:
www.grandviewresearch.com
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