San Francisco, California, Apr 17, 2018: A new market study by TMR Research states that the global thermal management technologies market has been observing a remarkable rise in its valuation and is predicted to continue witnessing steady growth over the next few years. The study, titled “Thermal Management Technologies Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” provides a detailed and unbiased evaluation of this market, considering its previous and present performance. The prominent trends, market boosters, barriers, challenges, opportunities, and the growth potential in this market have also been examined while conducting this research.
According to the research report, the rising trend of miniaturization of electronic devices and components is the main factor influencing the global market for thermal management technologies. Advancements in technologies are likely to support the growth of this market over the next few years, states the research report.
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Europe, among all the regional markets, has acquired the leading position and is expected to remain on the top over the next few years. The presence of electronic manufacturing and R&D facilities in large numbers is likely to support this regional market in the years to come, notes the study.
The research report concludes with a detailed assessment of the competitive landscape prevalent in the global market for thermal management technologies. Honeywell International, Alcatel-Lucent, LairdTech, Pentair Thermal Management, Heatex, Thermacore, Aavid Thermalloy, Thermal Management Technologies, Advanced Cooling Technologies, and Sapa Group are some of the key players in this market, reviewed in this research report.