Thermal Management Technologies Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The thermal management technologies market was valued at USD 10.98 billion in 2020, and it is expected to reach USD 17.08 billion by 2026, registering a CAGR of 7.68% over the forecast period (2021-2026). The electronic packaging trend has resulted in increased performance and a reduction in product sizing. This has led to a significant increase in power consumption, which, in turn, demands thermal management for good system performance and reliability by removing high heat flux generated in the electronic devices.
Key HighlightsThe thermal management technologies market is highly fragmented, with no player accounting for a significant market share. Also, the number of local players is increasing in this market, resulting in increasing competition. Key players are Parker Hannifin Corporation, Advanced Cooling Technologies, Inc., Honeywell International Inc., etc. Recent developments in the market are -
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