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Thermal Management Technologies Market Expected to Reach USD 17.08 billion by 2027, Growing at a CAGR Of 7.68% | Report by Market Insights Reports
Thermal Management Technologies Market With strategic analysis, micro and macro market trend and scenarios, pricing analysis, and a holistic assessment of market conditions in the future term, this market research study keeps a close eye on major rivals. It's a thorough research that focuses on key and secondary drivers, market share, leading segments, and geographic analysis. The Thermal Management Technologies market also examines significant players, major collaborations, mergers and acquisitions, as well as current innovation and corporate strategies.The thermal management technologies market was valued at USD 10.98 billion in 2020, and it is expected to reach USD 17.08 billion by 2027, registering a CAGR of 7.68% over the forecast period (2022-2028).
Top Key Players are covered in this report: Parker-Hannifin Corp., Advanced Cooling Technologies Inc., Honeywell International Inc., Gentherm Inc., Autoneum Holding AG, Sapa Extrusions Inc., AllCell Technologies, Thermacore Inc., Laird Technologies Inc., Pentair Thermal Management, Outlast Technologies LLC
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Recent Development:
February 2020 -- Honeywell International Inc launched Solstice E-Cooling, which uses a two-phase liquid cooling process to remove heat from electronic applications while reducing environmental impact. It is also a dielectric solution, serving as an electrical insulator for equipment to prevent damage from contact with fluids.
Key Market Trends:
Increasing Demand for Consumer Electronics will Enhance the Market Growth
- Due to developments in the electronics industry, the introduction of smaller and smarter products are increasing. These advancements in the industry have led to an increased need for innovative thermal management technologies to improve system performance and reliability by eliminating the heat generated by devices.
- The smartphone and tablet material market has witnessed considerable growth in the past decade. Due to the sensitivity toward weight and costs, the said market is expected to mostly rely on advanced materials for cooling solutions rather than secondary heat sinks.
- The chip-cooling solutions have evolved over the past few years to accommodate the increase in heat flux in electronic devices. Manufacturers are working on the development of advanced cooling solutions based on multi-phase heat transfer technologies through the development of advanced solutions such as nanotechnology and smart materials.
The regions are further sub-divided into:
North America - US, Canada, and Mexico
Europe - UK, Germany, France, Italy, Russia, Spain & Rest of Europe
Asia-Pacific - China, India, Japan, South Korea, Australia & Rest of APAC
Latin America - Brazil, Argentina, Peru, Chile & Rest of Latin America
Middle East and Africa - Saudi Arabia, UAE, Israel, South Africa
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Key market aspects are illuminated in the report:
Executive Summary: It covers a summary of the most vital studies, the Global Thermal Management Technologies market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.
Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Global Thermal Management Technologies market, the years measured, and the study points.
Company Profile: Each company in this market sector is screened based on its goods, value, SWOT analysis, capacity, and other key characteristics.
Manufacture by region: This Global Thermal Management Technologies Market report offers data on imports and exports, sales, production and key companies in all studied regional markets
We Offer Customization on Report Based on Specific Client Requirement:
- Free country Level analysis for any 5 countries of your choice.
- Free Competitive analysis of any 5 key market players.
- Free 40 analyst hours to cover any other data point.
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Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc.MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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