Global market for Thermal Management technologies to be worth $10.2 billion in 2015
According to a new technical market research report from BCC Research, the value of the global market for thermal management technologies is an estimated $7.5 billion in 2010, but is expected to increase to $10.2 billion in 2015, for a 5-year CAGR of 6.4%
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World Thermal Management Market Trends through 2015
-- According to a new technical market research report, The Market for Thermal Management Technologies (SMC024F) from BCC Research (www.bccresearch.com), the value of the global market for thermal management technologies is an estimated $7.5 billion in 2010, but is expected to increase to $10.2 billion in 2015, for a 5-year compound annual growth rate (CAGR) of 6.4%.
Thermal management technologies are an important part of the electronics industries' drive to develop ever higher-performance applications. This report examines the entire range of thermal management products and solutions in the market today or likely to enter the market in the next 5 years.
Although the financial and economic crisis that has afflicted much of the world since 2008 has had a significant impact on most sectors that use electronics thermal management technology, there are signs that the worst of the crisis is generally past.
In recent years, there has been tremendous progress, technologically and in terms of demand, in electronic devices and systems. The technological progress has come on two main fronts - increased functionality on a single device unit and miniaturization of each unit. Both of these developments have increased the need for thermal management technology.
Management of the thermal properties of a system, and designing an optimal solution to cater to modern power dissipation, are the cornerstones of thermal management today. This study is about the market for components of electronic devices and systems that aid in the dissipation of excess thermal energy.
"Thermal management" is the term used to describe the array of problem-solving design tools and material technologies that systems manufacturers apply to regulate the unwanted heat caused by the normal functioning of an electronic system.
Thermal management hardware (e.g., fans and blowers, heat sinks, etc.) accounts for about 84% of the total thermal management market. The other main thermal management product segments (software, interface materials, and substrates) each account for between about 4% and 6% of the market.
This report is intended especially for suppliers participating in the thermal management market, which have a vital interest in specific thermal management technology product and market segments. The report also should be of interest to companies in the electronic materials, software, or other industries that have an interest in the potential of their product in a thermal management application.
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