Thermal Management Technologies Market Trends Segment Analysis and Future Scope

1. Thermal Management Technologies Market Will Reach USD 22,862.1 Million by 2030 1 © Prescient & Strategic Intelligence Private Limited. All rights reserved

2. The size of the thermal management technologies market will power at a compound annual growth rate of 10.3% by the end of this decade, to touch a value of USD 22,862.1 million by 2030. This considerable growth of the industry is due to increasing demand for electronic devices in many sectors and surging need for temperature control in the industries. The need for thermal management solutions is also surging due to the growing demand for miniaturized electronic devices. Download sample pages of this report: https://www.psmarketresearch.com/market- analysis/thermal-management-technologies-market/report-sample The usage of 5G smartphones is increasing extensively due to which energy consumption has become higher resulting in more heat generation. Overheated devices can suffer in terms of performance, which may result in network problems, outages and downtimes, ultimately increasing the demand for efficient temperature control technologies. The adhesive material category will experience significant growth in the years to come. This is due to the ever-shrinking electronic components and systems inside electronics and medical devices produce significant amount of heat, which can lead to malfunctioning. These materials are designed to improve the performance, reliability, and longevity of electronic devices, by reducing heat. Thermal adhesive films are preferred when there is a requirement for bonding complex parts. The advanced cooling devices had the highest revenue, and this will also have the fastest growth. This is due to the increasing integration of microchannel cooling, direct-immersion cooling in data centers, and impingement jet cooling in consumer electronics. Further, these technologies are used in the healthcare sector. For instance, the esophageal cooling device, which is a silicon tube with three lumens placed inside the esophagus. The device is used to regulate the patient’s temperature, while concurrently maintaining access to the stomach, to allow for gastric decompression and drainage. Browse management-technologies-market full report at: https://www.psmarketresearch.com/market-analysis/thermal- Optimization & post-sales support experienced the highest CAGR. An efficient post-sales process will guarantee the customer's satisfaction. Additionally, it permits the manufacturer to understand where the product is successful and where it needs improvement. The consumer electronics category will experience fastest growth, due to the advancement in the electronics industry. With the rising level of miniaturization of the installed components, consumer electronics, such as tablets, smart home products, smartwatches, and smartphones, are becoming more advanced and increasing demand for cooling systems. 2 © Prescient & Strategic Intelligence Private Limited. All rights reserved

3. The thermal management technologies market was dominated by APAC and will grow at highest CAGR. This is due to the increasing use of heat dissipation solutions in the healthcare sector, specifically in electronic medical devices. Further, the increasing industrialization and urbanization rates, presence of prominent market players in the region, and government initiatives for installing EV charging stations are the major factors boosting the growth of the industry. With the surging prevalence of 5G devices, increasing requirement for efficient cooling devices, advancements in the electronic industry, thermal management technologies certainly have a bright future. Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Ltd. 3 © Prescient & Strategic Intelligence Private Limited. All rights reserved

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