Press release
Semiconductor Microchip Thermal Management Technology Market Set to Surge - Key Insights You Must Know
Semiconductor Microchip Thermal Management Technology MarketSemiconductor Microchip Thermal Management Technology is a technology that controls the temperature of the heat generated by semiconductor microchips during operation.
Market Analysis and Insights: Global Semiconductor Microchip Thermal Management Technology Market
The global Semiconductor Microchip Thermal Management Technology market is projected to grow from US$ million in 2024 to US$ million by 2030, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.
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Following a strong growth of 26.2 percent in the year 2021, WSTS revised it down to a single digit growth for the worldwide semiconductor market in 2022 with a total size of US$580 billion, up 4.4 percent. WSTS lowered growth estimation as inflation rises and end markets seeing weaker demand, especially those exposed to consumer spending. While some major categories are still double-digit year-over-year growth in 2022, led by Analog with 20.8 percent, Sensors with 16.3 percent, and Logic with 14.5 percent growth. Memory declined with 12.6 percent year over year. In 2022, all geographical regions showed double-digit growth except Asia Pacific. The largest region, Asia Pacific, declined 2.0 percent. Sales in the Americas were US$142.1 billion, up 17.0% year-on-year, sales in Europe were US$53.8 billion, up 12.6% year-on-year, and sales in Japan were US$48.1 billion, up 10.0% year-on-year. However, sales in the largest Asia-Pacific region were US$336.2 billion, down 2.0% year-on-year.
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By Type
• Metals
• Alloys
• Ceramics
• Carbonaceous Materials
By Application
• Automotive Industry
• Medical Equipment
• Networking and Telecommunications
• Consumer Electronics
• Military and Aerospace
• Renewable Energy
• Others
Key Companies
Aavid Thermalloy LLC, Amkor, Ansys, Comair Rotron, Cool Innovations, Cps Technologies Corp, Dynatron, EBM-Papst, Marlow Industries Inc., Parker Hannifin Corp, Qualtek Electronics Corp
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