Global Thermal Management market will reach 70300 million US$ by the end of 2025

Publisher: QYResearch

Published Date: 2019/1/25

Thermal Management is the ability to control the temperature and noise level of a system by means of technology based on thermodynamics and heat transfer. Advancements in the electronics industry have led to an increased need for innovative thermal management technologies to improve the system performance and reliability by removing high heat flux generated in the electronic devices.

In application, Thermal Management downstream is wide and recently Thermal Management has acquired increasing significance in various fields of Automotive, Aerospace and Defense, Servers and Data Centers, Consumer Electronics and others. Globally, the Thermal Management market is mainly driven by growing demand for Automotive which accounts for nearly 85% of total downstream consumption of Thermal Management.

In the future, global market is expected to witness significant growth on account of rising applications, so in the next few years, Thermal Management production will show a trend of steady growth. In 2024 the production of Thermal Management is estimated to be 133958 K Units.

The global Thermal Management market is valued at 52000 million US$ in 2017 and will reach 70300 million US$ by the end of 2025, growing at a CAGR of 3.8% during 2018-2025.

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