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Smart Temperature Management Market Size to Observe Steady Growth By 2021

Author: Akash Sangshetti
by Akash Sangshetti
Posted: Feb 25, 2021

Market Scenario:

The changing demand for various smartphones, laptops and tablets is boosting the growth of the smart temperature management solutions market. Also, factors such as operational efficiency and usage of various synthetic cooling methods are projected to propel the growth of the Smart Temperature Management Market. The companies are investing largely for better cooling solutions. Various manufacturers are working on new technological cooling solutions such as heat transfer technologies as well. The market is expected to grow over the forecast period.

Key Players

The key players in the global temperature management system market include- API Heat Transfer (U.S.), AI Technology, Inc.(U.S.), Aavid Thermalloy, LLC (U.S.), Delta Electronics, Inc. (Taiwan), Honeywell International Inc (U.S.), Henkel AG & Co. KGaA (Germany), Jaro Thermal (U.S.), LAIRD PLC (U.K.), LORD Corporation (U.S.) and HEATEX AB (U.S.) among others.

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Segments

According to Market Research Future, market has been segmented into components, devices, end-users and region.

  • On the basis of application, the market has been segmented into food & beverages, healthcare and consumer electronics among others. Out of these end-users, consumer electronics is expected to grow over the forecast period, majorly due to increasing demand by consumers and changing lifestyles. Healthcare segment accounted for the largest market share in 2016.
  • On the basis of region, the market has been bifurcated into North-America, Europe, Asia-Pacific and Rest of the world.

Regional Analysis

The global smart temperature management market is expected to grow significantly over the forecast period, 2021-2023. Perioperative segment of smart temperature management market globally drives the market majorly due to increasing number of surgical procedures performed across the world. The market is expected to have higher growth rate as compared to the previous years.

Asia-Pacific region is expected to grow at a fast pace over the forecast period, 2021-2023. Countries such as Japan, China and India contributes largely to the overall market share. The reason is attributed to the increase in number of manufacturers, stringent government regulations, increasing adoption of renewable energy and also increasing awareness among consumers regarding environment friendly heat management solutions.

North-America accounted for the largest market share. Countries such as U.S. and Canada contributes largely to the overall market share. The reason is attributed to the growing healthcare sector and growing demand for call centers and high investments by the healthcare industry as well as the food & beverage industry.

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Intended Audience

  • Device manufacturers
  • Network Operators
  • Distributors
  • Suppliers
  • Research firms
  • Software Developers
  • Commercial Banks
  • Vendors
  • Semiconductor Manufacturers
  • End-user sectors
  • Technology Investors

About Us:

Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.Media Contact:

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About the Author

Mrfr, we enable our customers to unravel the complexity of various industries through our Cooked Research Report (Crr), Half-Cooked Research Reports (Hcrr)

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Author: Akash Sangshetti

Akash Sangshetti

Member since: Jun 07, 2020
Published articles: 53

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