Converged Markets’ report, “Thermal Management Systems Market by Type, Application - Global Opportunity Analysis & Forecast to 2025”, projects the thermal management systems market size to grow from $11.1 billion in 2017, to $24.8 billion by 2025, growing at a CAGR of 10.5% from 2018 to 2025. As per the report, projected growth is due to the rise in demand from the automotive, aerospace, and electric & electronic industries. Development in thermal management technology is driven by advancements in consumer electronics and automotive segments, which fuel the demand for thermal management devices such as hardware, software, interface materials, and substrates.
- Thermal Interface Material Expected to Witness Highest Growth till 2025
- Consumer Electronics Segment to Dominate Thermal Management Systems Market By 2025
- Asia-Pacific to Lead Global Thermal Management Systems Market
- The major players include ebm-papst, Boyd, nVent, Vertiv, Advance Cooling Technology, European Thermodynamics, Lytron, Henkel, Inheco, Laird PLC, and Celsia
Want to cool down with more thermal-market stats and predictions? Then browse the “Thermal Management Systems Market” report.
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