This BCC Research report provides an analysis of the most recent developments and current trends in the global thermal management marketplace. Forecast provided from 2016 to 2021.
Use this report to:
Identify thermal management technologies and products with the greatest commercial potential in the near term to mid-term (2015 to 2021). Analyze the key drivers and constraints that will shape the market for thermal management technologies and products over the next five years. Estimate the current and future demand for thermal management technologies and products.
Highlights
The global market for thermal management products will grow from $10.7 billion in 2015 to nearly $11.2 billion in 2016 and $14.7 billion by 2021, representing a compound annual growth rate (CAGR) of 5.6% between 2016 and 2021. Thermal management hardware (e.g., fans and blowers, heat sinks, and so forth) accounts for about 80% of the total thermal management market. The Asia-Pacific region has the highest projected growth rate, a CAGR of 6.6% between 2016 and 2021.
INTRODUCTION
In recent years, there has been tremendous growth, both 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 technologies.
“Thermal management” is the term used to describe the array of material technologies and problem-solving design tools that systems manufacturers apply to regulate the unwanted heat caused by the normal functioning of an electronic system. This report segments thermal management technologies into four segments: hardware, software, interfaces, and substrates.
The hardware segment includes several product subsegments, including heat sinks, fans and blowers, fan sinks, heat pipes, and cold plates. These segments were chosen because they are established technologies and represent revenue markets of significant size.
The software segment consists of electronic design software designed to model and analyze the thermal characteristics of an electronic system design. Specific types of thermal management software examined in this study include computational fluid design (CFD), computational heat transfer (CHT), power management, circuit design, and other electronic design automation (EDA).
Thermal management interface materials are products that stand between a heat sink and the device to be cooled, where their function is to improve the thermal transfer in the joint between the heat sink and the device to be cooled by increasing or securing the area of contact between the two surfaces. In some cases, the interface actually performs the job of the heat sink. This role has become increasingly common in a number of applications in which, due to the height or weight constraints of the system, a conventional hardware heat sink is not feasible.
Finally, this report analyzes substrates, which are the foundations of integrated circuits (ICs), or planar components of electronic packages or modules. The report focuses on substrates that have been developed specifically to enhance the thermal handling capability of an electronic component.
Our reports have been used by over 10K customers, including:
KEY FINDINGS Over the forecast period of 2018-2026, the global medical lighting market is anticipated to register a CAGR of 5.74%. Factors such as the emergence of a significant number of hospitals in the developing economies, global technological advancements in the medical sector and increased government spending on healthcare...
The electric insulator market is projected to grow at a CAGR of 5.58%, from 2018 to 2023. The electric insulator market is projected to reach USD 13.34 billion by 2023, from an estimated USD 10.17 billion in 2018, at a CAGR of 5.58%. This growth can be attributed to the growing adoption of renewable energy sources, increasing...
Global electronics production continues to surprise to the upside; our 2018 growth forecast is revised upwards to 6.8% (from 5.8%). The macroeconomic environment remains supportive, buoyed by strength in US investment and world trade, although both factors are likely to fade by the end of the year--meaning global production is forecast to...
The horticulture lighting market estimated to grow at a CAGR of 20.61% from 2018 to 2023 The overall horticulture lighting market is estimated to grow from USD 2.43 billion in 2018 to USD 6.21 billion by 2023, at a CAGR of 20.61% from 2018 to 2023. The rapid population growth, availability of limited agriculture land, steady...
30 pages •
By Market Intelligence & Consulting Institute
• Sep 2018
While IC demand was affected by a slowdown in smartphone market and a slight decline in the PC market, the worldwide IC design industry continued to grow in 2017 thanks to the trend towards high-performance computing driven by AI (Artificial Intelligence). In Taiwan, despite decreased demand for communication processors...
Radar level transmitter market to exhibit significant growth potentials from 2018 to 2023. The radar level transmitter market is expected to grow at a CAGR of 6.3% from USD 428.0 million in 2018 to USD 581.2 million in 2023. Benefits of high accuracy, reliability, and stability offered by radar level transmitters; increasing...
