Thermal Management Technologies Market Analysis Report By Product, By Application And Segment Forecasts From 2015 To 2024

Increasing need for heat dissipation in electronic devices expected to drive the market

The global thermal management technologies market size was estimated at USD 10.12 billion in the year 2015. Developments in the electronic industry have resulted in a surge in power densities, thereby, boosting the production of smarter and smaller products. The demand for superior heat dissipation solutions in these smarter and smaller products is likely to augment market growth over the forecast period.

The recent trends prove that the conventional electrical and electronic industry has transformed to become technology savvy, where consumer demands are surging the design and manufacturing of products. Furthermore, the industry catered to the rising demand through innovations, and enhancing power in the systems thereby, adhering to the customer needs.

 The chip-cooling solutions emerged as a lucrative segment to assist the rise in heat flux. Producers are engaged in the manufacturing of better cooling solutions on the basis of multi-phase heat transfer technologies. Jet impingement mechanisms, heat vapor chambers, and cold plates are some of the technologies that have transformed the future of the systems.

However, different system-level technological issues like temporal and spatial variation in the heat load, acoustic noise emissions, heat effect on transistor operations, and multiple heat transfer interfaces are expected to challenge the innovations. These challenges are poised to negatively impact market growth in the near future.

Thermal management hardware accounted for a vast chunk of the revenue share in 2015

Thermal management hardware is poised to maintain its lead for the next eight years due to the rise in the manufacturing of small microprocessors. Hardware has benefited considerably from the higher implementation of heat removal solutions in larger volume commodity systems. The majority of products in hardware have been established in the fueling electronic applications market. Industrialists are highly concerned regarding the reduction of carbon footprints and energy consumption of facilities and increasing their operational efficiency.

Thermal management interface products are expected to observe substantial growth by 2024. The growth is attributed to the higher implementation of interfaces in the automated sector. The interfaces are termed as the major heat dissipation solutions for compact and portable electronic devices. The tablet and smartphone material market have observed significant growth in the last ten years. Due to the sensitivity in the costs and weight, these markets are envisaged to rely highly on superior materials for cooling solutions instead of secondary heat sinks.

Computers are expected to generate the highest demand for thermal management technologies throughout the forecast period

Computers held a dominant position in the thermal management technologies market in 2015 and are poised to maintain their lead in the upcoming years. The growth can be imputed to the rising demand for these solutions to maximize the computer-cooling process to track a higher amount of heat produced in the operation. The surge in the operating frequencies for better performance and the constant lowering in the sizes of IC and a few other components are expected to boost the market growth in the few years.

Automotive electronics is anticipated to observe considerable growth in the near future due to the increasing value, quantity of electronics, and complexity in the passengers and commercial heavy-duty vehicles. This increase has resulted in the deployment of upgraded products that provide enough grounding, shielding to the components, and heat dissipation. The manufacturing of electric vehicles has fueled the demand for heat removal in electric motors. Heat dissipation is expected to be a major factor in the development process of an efficient vehicle owing to the strict federal legislation for better dissipation of waste heat and minimizing air conditioning fuel over-consumption.

Asia Pacific thermal management technologies industry is presumed to drive the demand

The Asia Pacific is expected to grow as a major revenue-generating region during the projected period due to the existence of numerous electronics manufacturers in this region along with the rising use of heat dissipation solutions for better heat dissipation in advanced electronics. Additionally, a number of government initiatives promoting the use of renewable energy sources like solar cells, are expected to augment regional growth in the near future.

Europe is anticipated to observe a substantial growth throughout the projected period due to its incorporation with strict EU directives and regulations relating to the adoption of thermal interface materials in different electronic devices. The rising awareness among the consumers relating to the environment is expected to drive the use of eco-friendly heat management solutions among various applications. Furthermore, the presence of different R&D facilities and advanced electronic design in countries like the U.K., and Germany is expected to accelerate the demand for these technologies in this region.

Honeywell International, Pentair Thermal Management, and Alcatel-Lucent feature among the key market players

The thermal management technologies market is scattered with no company holding considerable market share. The major players include Pentair Thermal Management, LairdTech, Thermal Management Technologies, Thermacore, Advanced Cooling Technologies, Dau Thermal Solutions, Momentive Performance Materials, Heatex, Honeywell International, Alcatel-Lucent, Aavid Thermalloy, and Sapa Group.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2024. For the purpose of this study, Million Insights has segmented the global thermal management technologies market based on product, application, and region:

• Thermal Management Technologies Product Outlook (Revenue in USD Million, 2014 - 2024)
    • Hardware
    • Software
    • Interface
    • Substrate

• Thermal Management Technologies Application Outlook (Revenue in USD Million, 2014 - 2024)
    • Computers
    • Consumer electronics
    • Telecommunication
    • Automotive Electronics
    • Renewable energy
    • Other applications

• Thermal Management Technologies Market Regional Outlook (Revenue in USD Million, 2014 - 2024)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • U.K.
    • the Asia Pacific
        • China
        • Japan
        • India
    • Latin America
    • MEA