Thermal Management Market worth $12.8 billion by 2025 - Exclusive Report by MarketsandMarkets™

CHICAGO, July 23, 2020 /PRNewswire/ -- According to the new market research report "Thermal Management Market with COVID-19 impact Analysis by Material, Device (Conduction, Convection, Advanced, and Hybrid), Service (Installation & Calibration and Optimization & Post-sales Support), End-Use Industry, and Region - Global Forecast to 2025", published by MarketsandMarkets™, the global Thermal Management Market is estimated to be USD 12.8 billion by 2025 (forecast year) from USD 8.8 billion in 2020 (estimated year), at a CAGR of 8.2% between 2020 to 2025. The growth of the thermal management market is fueled by rising demand for effective thermal management solutions and systems for use in consumer electronics, increasing use of electronic devices in different end-use industries, and ongoing radical miniaturization of electronic. Moreover, factors such as technological advancements in synthetic cooling systems and interface materials, advent of cool chips for thermal management in electronic devices, and the increasing demand for natural refrigerants play an important role in driving the growth of the market. 

Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=155049228      

The market for nonadhesive thermal management material expected to hold the largest market share during the forecast period

In 2019, the nonadhesive thermal management material segment accounted for the largest share of the thermal management market. Growth of this segment can be attributed to the various benefits provided by these materials which includes getting recharged in tandem with the changing ambient temperature, making them ideal for various applications that require temperature control. Also, these materials have mechanical shock absorption capacity which makes them preferable for automotive applications. Nonadhesive materials such as thermal pads, gap fillers, and grease are used widely in consumer electronic devices such as computers, laptops, and other handheld devices such as tablets. Thermal pads are used to fill the gaps between heat sinks and microprocessors. They eliminate air gaps to reduce thermal resistance and provide low-stress vibration dampening.

Advanced cooling devices expected to grow at the highest CAGR during the forecast period

The growth of this segment can be attributed to the increased adoption of microchannel cooling, cold plate cooling, and direct immersion cooling. The thermally conductive plates provide the most effective way to optimize liquid contact with hot surfaces as they enable the highest level of heat transfer due to the flow of liquid through layers of thermally conductive sheets. Direct immersion cooling is used widely in servers & data centers. In this process, servers are immersed in a nonreactive fluid or coolant for thermal cooling, thus eliminating the requirement for heat fans and heat sinks.

Browse in-depth TOC on "Thermal Management Market"
188 – Tables
59 – Figures
251 – Pages

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=155049228

APAC is projected to hold the largest share of thermal management market in 2025

APAC is expected to hold the largest share of the thermal management market in 2025. The commanding position of APAC is due to the presence of a large number of chip manufacturing companies in countries such as China and South Korea. Additionally, increasing investments and business expansion strategies executed by offshore companies in the region is expected to boost the thermal management market growth in the near future. Moreover, increasing demand for effective thermal management solutions and systems from consumer electronics, automotive, defense, and healthcare sectors is also fueling the growth of the thermal management market in APAC.

The report profiles key players, including Honeywell International (US), Aavid Thermalloy (US), Vertiv (US), European Thermodynamics (UK), and Master Bond (US), Advanced Cooling Technologies (US), Henkel (Germany), Laird (UK), Delta Electronics (Taiwan), and Parker (US). These companies focus on adopting both organic and inorganic growth strategies, such as new product launches, partnerships, agreements, mergers and acquisitions, and expansions to strengthen their position in the market.

Related Reports:

Thermal Interface Pads & Material Market by Type (Phase Change Material, Thermal Grease, Thermal Pads), Products (MOSFET, Thyristor, IGBT), Application (Consumer Electronics, Telecom Equipment, Power Supply Units) - Forecast to 2020

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com
Research Insight : https://www.marketsandmarkets.com/ResearchInsight/thermal-management-market.asp
Content Source : https://www.marketsandmarkets.com/PressReleases/thermal-management.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg