Press release
Global Thermal Management Technologies Market: Introduction of Newer Products via Technological Breakthroughs to Maximize Growth, says TMR Research
The increasing number of research and development activities in the field of thermal management technologies has been a key catalyst to the market’s growth. Highly efficient heat spreader systems that have been replacing alloy-based heat spreaders with multi-phase cooling technology are being increasingly preferred by a number of end users. As more innovative technologies such as the recent jet impingement, heat vapor chambers, and cold plates are developed, the global market for thermal management technologies will receive a significant impetus during the forecast period.
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Thermal management hardware, thermal management substrates, thermal management software, and thermal management interface product are the key categories based on type of component. Of these, the thermal management hardware segment has risen to prominence, accounting for a massive chunk of the revenue in the global market. The segment might continue to retain its sway over the market, thanks to the augmenting demand for microprocessors.
Several novel technologies have been surfacing via new product launches by companies. For instance, a global leader in advanced additive manufacturing, Microfabrica, announced the successful performance results of its new thermal management device at an international forum, SEMI-THERM in March 2017. FINJET, the new device, is an excellent combination of micro-jets and micro-channels, which is capable of ramping up the cooling performance.
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Based on geography, the major segments of the global market for thermal managementtechnologies discussed in the report are Europe, Asia Pacific, the Middle East and Africa, Latin America and North America. Asia Pacific bears maximum growth potential for expansion. This region is expected to dominate the global market as it is home to a considerable number of prominent market players. Japan, South Korea, and China are likely to contribute significant revenue to the thermal management technologies market in Asia Pacific, thereby accelerating overall market growth.
Europe is another market with significant opportunities, with Germany, France, Italy, and the U.K. being the major contributors. Extensive manufacturing of electronic devices, stringent regulatory policies of the government, and the availability of R&D facilities in the region will foster growth. The rising environmental concerns amongst the European population is facilitating the creation of eco-friendly heat management materials, thereby hastening the growth of the market.
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The global thermal management technologies market is characterized by a highly fragmented competitive landscape. Some of the major players operating in the global market for thermal management technologies are Pentair Thermal Management, LairdTech, Thermal Management Technologies, Honeywell International, Sapa Group, Alcatel-Lucent, Thermacore, Aavid Thermalloy, and Heatex.
About TMR Research
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.
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