Thermal Management Market with COVID-19 Update by Honeywell International, Aavid Thermalloy, Vertiv, European Thermodynamics, Master Bond and Others.

According to Market Study Report, Thermal Management Market provides a comprehensive analysis of the Thermal Management Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry.

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The Global Thermal Management Market size is estimated to be USD 8.8 Billion in 2020 and is projected to reach 12.8 Billion by 2025, at a CAGR of 8.2% during the forecast period.

Top Companies Profiled in the Thermal Management Market:
• Honeywell International (US)
• Aavid Thermalloy (US)
• Vertiv (US)
• European Thermodynamics (UK)
• Master Bond (US)

The COVID-19 outbreak generated both demand-side and supply-side shocks rumbling across the global economy. Leading US-based thermal management solution providers such as Vertiv and Aavid Thermalloy have incurred significant losses owing to the pandemic spread. The strong actions such as imposing country-wide lockdown taken by governments globally to curb the spread of COVID-19 is expected to have a severe impact on the entire manufacturing industry.

“Convection cooling devices: The largest growing device type of the thermal management market.”
Convection cooling devices is expected to account for the largest share of the thermal management market during the forecast period. Convection cooling devices are increasingly being used in electronic components, electronic circuits, and PCBs. These devices help lower the peak temperature of different systems wherein they are installed with natural and forced convection cooling technologies.

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“Optimization & post-sales support: The largest and fastest growing segment of thermal management market, by service.”
Optimization & post-sales support segment is estimated to be the fastest growing segment of the thermal management market, by service. Optimization & post-sales support services are required periodically to verify the operating conditions, reduce downtime of systems, elevate their overall performance levels, and maximize their operational life and efficiency.

Breakdown of primary participants’ profile:
• By Company: Tier 1 = 35%, Tier 2 = 45%, and Tier 3 = 20%
• By Designation: C-level Executives = 25%, Directors = 35%, and Others (sales, marketing, and product managers, as well as members of various organizations) = 40%
• By Region: North America – 45%, Europe – 30%, APAC – 20%, and RoW – 5%

Competitive Landscape of Thermal Management Market:
1 Overview
2 Ranking Of Key Market Players
3 Competitive Leadership Mapping
3.1 Visionary Leaders
3.2 Dynamic Differentiators
3.3 Innovators
3.4 Emerging Companies
4 Strength Of Product Portfolio (For 25 Companies)
5 Business Strategy Excellence (For 25 Companies)
6 Competitive Scenario
6.1 Product Launches & Developments
6.2 Partnerships And Agreements
6.3 Mergers & Acquisitions And Expansions

Reason to access this report:
The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall thermal management market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies.

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This release was published on openPR.