Thermal Management Technologies Market Report

According to a new report entitled “The Market for Thermal Management Technologies“,  global market for thermal management products is expected to grow from about $10.1 billion in 2013 to $10.6 billion in 2014 and $14.7 billion by 2019, a compound annual growth rate (CAGR) of 6.8% between 2014 and 2019.

Thermal management hardware (e.g., fans and blowers, heat sinks, etc.) account for about 80% of the total thermal management market.  The other main thermal management product segments:

thermal management software
thermal management interface materials
thermal management substrates

… each account for between 5% and 7% of the market.

The largest end markets for thermal management products in 2011 were the computer industry (50.8% of total revenues), telecommunications (16.8%), and medical/office equipment (11.5%). Computers are projected to increase their market share to 57.1% by 2017, while telecommunications applications’ share drops to 13.6%. Medical/office equipment’s share should remain steady at around 11.5%.

The North American market should maintain its number one position throughout the period under review, with a market share of about 37%, followed by Asia-Pacific with around 25%. The Asia-Pacific countries (except Japan) are not only the second-largest market in absolute terms, but they also have the highest projected growth rate (i.e., a CAGR of 9% between 2012 and 2017).

The overall goal of this report is to provide an analysis of the most recent developments and current trends in the global thermal management marketplace.

Thermal Management Technologies Market Report