Technavio analysts forecast the global thermal management systems market for electronic equipment to grow at a CAGR of over 11% during the forecast period, according to their latest market research report.
The rising waste-heat management is one of the major trends being witnessed in the global thermal management systems market for electronic equipment 2018-2022. Waste-heat recovery, in general, is the use of thermal energy that would otherwise be transferred to the environment to accomplish a useful function. In many cases, WHR avoids or diminishes the requirement for additional fuel energy input. In the automotive industry, the trend of recovering and reusing waste heat is increasing, particularly in ICE vehicles.
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According to Technavio analysts, one of the key factors contributing to the growth of the global thermal management systems market for electronic equipment is the rising transition from air cooling to liquid cooling:
Global thermal management systems market for electronic equipment: Rising transition from air cooling to liquid cooling
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Over the past decades, power and energy have emerged as two of the fastest growing industries in the field of electronics. Power electronic systems are becoming more complex and smaller, making heat as one of the primary limiting factors for the energy industries. To manage the amount of power being dissipated from devices, the air-cooling solutions need to be optimized and enlarged adequately to remove the excess heat. However, there have been cases when air cooling is an insufficient solution for the devices. In such cases, liquid cooling becomes necessary.
According to a senior analyst at Technavio, The liquid cooling solution overcomes other loopholes that are present in the air-cooling solutions. The growing awareness of the benefits of liquid cooling solutions mostly in terms of higher efficiency than air cooling is expected to increase their adoption for thermal management. This, in turn, will drive the growth of the global thermal management systems market for electronic equipment during the forecast period.
Global thermal management systems market for electronic equipment: Segmentation analysis
The global thermal management systems market for electronic equipment research report provides market segmentation by its application (consumer electronics, automotive electronics, aerospace and defense electronics, and medical electronics) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the four major applications – consumer electronics, automotive electronics, aerospace and defense electronics, and medical electronics – the consumer electronics segment held the largest market share in 2017, contributing to over 32% of the market. This application segment will dominate the global market throughout the forecast period.
The APAC held the largest share of the market in 2017, accounting for close to 43% share, followed by EMEA and APAC respectively. The region is expected to continue to dominate the market during the forecast period.
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- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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