The changing demand for various smartphones, laptops and tablets is boosting the growth of
the thermal management market. Also, factors such as operational efficiency and usage of
various synthetic cooling methods are projected to propel the growth of the thermal
management market. The companies are investing in chip cooling solutions. Various
manufacturers are working on new technological cooling solutions such as heat transfer
technologies and thermodynamics. The market is expected to grow over the forecast period.
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Thermal Management Market
According to Market Research Future, market has been segmented into components, devices,
end-users and region.
On the basis of end-user, the market has been segmented into automotive, aerospace &
defense, food & beverages, healthcare and consumer electronics among others.
Out of these end-users, consumer electronics accounted for the largest market share
majorly due to increasing demand by consumers and changing lifestyles. Also, the
automotive sector is expected to grow over the forecast period. The reason is attributed as
the increasing complexity in in the passenger as well as the commercial heavy-duty vehicles,
increasing development of products and power efficiency.
The key players in the global thermal management market include- API Heat Transfer (U.S.),
AI Technology, Inc.(U.S.), Aavid Thermalloy, LLC (U.S.), Delta Electronics, Inc. (Taiwan),
Honeywell International Inc (U.S.), Henkel AG & Co. KGaA (Germany), Jaro Thermal (U.S.),
LAIRD PLC (U.K.), LORD Corporation (U.S.) and HEATEX AB (U.S.) among others.
Market Research Future Analysis
The global thermal management market is expected to grow significantly over the forecast
period, 2017-2023. Consumer electronics and automotive segment of thermal management
market globally drives the market majorly due to increasing demand for gadgets and
smartphones. The market is expected to have higher