Thermal Management Industry Global Analysis

Portland, OR -- (SBWire) -- 11/17/2017 --Progressive Markets added a report, "Thermal Management Market - Size, Trend, Share, Opportunity Analysis & Forecast, 2015-2023", which says the thermal management market is growing at a significant CAGR over the years.

In the recent times, industries across the world have undergone tremendous technological advancements. This has led to the surge in power densities and in turn, has increased the demand for thermal management technologies. Thermal management is basically a technique to reduce or regulate the excessive heat dissipated by devices to improve their reliability and prevent them from damages. Thermal management technologies find applications in several industries such as electrical and electronics, automotive, defense, aerospace, chemical, telecommunications, healthcare, and more.

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Market Drivers and Restraints

The thermal or temperature management market is witnessing a significant boom with several factors pushing the demand for thermal management technologies. The factors include the rise in complexity in passengers and commercial heavy-duty vehicles, development of new products, growing demand for gadgets and smartphones, increase in the number of manufacturers across several industrial sectors, stringent government regulations, increasing adoption of renewable energy, growing awareness of environment-friendly heat management solutions, growth in the healthcare sector, and the growing demand for data centers across several industries such as automotive, food and beverages, and others.

However, several factors have an influence on the fall of the market as well. These factors include internal device management solutions such as insufficient device management solutions and technological issues such as the heat effect on transistor operations, temporal variations in the heat load, multiple heat transfer interfaces, and acoustic noise emissions.

Thermal Management Market Segmentation

The report classifies the thermal management market based on the device type, material, end-user industries, and geography. Based on the device type, the market is classified into conduction, convection, hybrid, and advanced. Based on the material type, the thermal management market is divided into adhesive material and non-adhesive material. Based on end-user industries, the market is classified into aerospace and defense, automotive, servers and data centers, electronics, consumer electronics, and medical equipment. Regarding geography, the market has been covered for the regions such as Asia-Pacific, North America, Europe, and LAMEA. The North American market covers areas such as Canada, Mexico, and the U.S. The thermal management industry in Europe covers areas such as Germany, Italy, Spain, France, UK, and the other parts of Europe. The market in the Asia-Pacific region covers Australia, Japan, India, China, South Korea, and the rest of Asia-Pacific. The market in the LAMEA region covers Brazil, South Africa, Saudi Arabia, and the other parts of LAMEA.

Key Market Players

The emerging players operating in the thermal management market include Honeywell International, Pentair Thermal Management, Alcatel-Lucent, LairdTech, Thermal Management Technologies, Advanced Cooling Technologies, Thermacore, Dau Thermal Solutions, Heatex, Momentive, Performance Materials, Sapa Group, and Aavid Thermalloy.

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Key Benefits

The report is a unique tool for evaluating the thermal management market. It helps industry players, investors, and new entrants identify the growth drivers and opportunities and formulate strategies for growing their businesses. The report covers aspects such as thermal management market size, thermal management market share analysis (2014-2025), Porter's Five Forces Analysis, market dynamics, market segmentation, trend analysis, and details about key market players. The research methodology includes the primary and secondary modes of research used for extracting the information in the report. The market growth drivers and restraints help businesses gain a broad focus and successfully execute their growth strategy over the long term.

The Porter's Five Forces Analysis includes the bargaining power of buyers and suppliers, threat of substitutes, industry rivalry, and threat of new entrants. They help assess the competitive strength and position of the thermal management industry. The report covers the thermal management market forecast from 2017 to 2025 for each region and segment. This reveals the future numbers, characteristics, and trends in the temperature management market, which assists players and investors in important decision-making. The quantitative analysis of the market helps identify the prevailing opportunities. Information about the market players, including their recent developments and marketing strategies such as mergers and acquisitions, help identify the growing industries and capitalize on them. The report also provides qualitative insights on the potential and new segments or regions that exhibit favorable growth.