Temperature Management can be explained as the ability to control the temperature of a system by various technologies such as thermodynamics among others. It basically describes various processes such as heat transfer, conduction and radiation among others. However, the system is complex in nature since it consists multiple components.
The factors contributing to the growth of the smart temperature management market are increasing incidence of chronic conditions, increasing development of advanced intravascular systems, high demand for smart temperature management in various consumer electronics and miniaturization of devices. Also, the emerging markets which offer better growth opportunities and the increasing number of players in the market are the factors which are expected to boost the market over the forecast period, 2017-2023.
The significant players in the global temperature management system market include AI Technology, Inc.(U.S.), API Heat Transfer (U.S.), Delta Electronics, Inc. (Taiwan), Aavid Thermalloy, LLC (U.S.), Henkel AG & Co. KGaA (Germany), Honeywell International Inc (U.S.), LAIRD PLC (U.K.), Jaro Thermal (U.S.), and HEATEX AB (U.S.).
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The global smart temperature management market expects to achieve massive growth after the long term impact of the COVID 19 outbreak. Growth-boosting factors of the market are attributed to the rising incidence of chronic conditions, towering demand for smart temperature management in consumer electronics and escalating development of advanced intravascular systems.
With the growing commonness of cardiac arrest and other chronic cardiac diseases, there have a rising number of surgeries that are being undertaken. This growth is anticipated to motivate the need for smart temperature management to avoid the adverse effects on the brain.
Segmentation of Market
For more in-depth study, Market Research Future has included a segmental overview of the Smart Management Temperature Market with the segments of component, device, and end-users.
In terms of Component, the market has included hardware and software.
In terms of device, the market has included conduction, convection and others.
In terms of end-user, the market has included food and beverage, healthcare, call centres, consumer electronics and others.
Regionally, North-America accounted for the largest market share from countries such U.S. among others. The reason is attributed to the increase in investments for these technological solutions, adoption of these smart temperature management solutions by various domains and low operational cost.
However, Asia-Pacific region is expected to grow over the forecast period, 2017-2023. The reason is attributed to presence of large number of electronic manufacturers, increasing government initiatives and the increasing adoption of these solutions by various sectors.
LIST OF TABLES
TABLE 1 SMART TEMPERATURE MANAGEMENT MARKET, BY COMPONENT
TABLE 2 SMART TEMPERATURE MANAGEMENT MARKET, BY DEVICE
TABLE 3 SMART TEMPERATURE MANAGEMENT MARKET, BY END-USERS
TABLE 4 SMART TEMPERATURE MANAGEMENT MARKET, BY GEOGRAPHY
TABLE 5 NORTH AMERICA SMART TEMPERATURE MANAGEMENT MARKET, BY COMPONENT
LIST OF FIGURES
FIGURE 1 RESEARCH METHODOLOGY
FIGURE 2 SMART TEMPERATURE MANAGEMENT MARKET, BY COMPONENT (%)
FIGURE 3 SMART TEMPERATURE MANAGEMENT MARKET, BY DEVICE (%)
FIGURE 4 SMART TEMPERATURE MANAGEMENT MARKET, BY END-USERS (%)
FIGURE 5 SMART TEMPERATURE MANAGEMENT MARKET, BY REGIONS (%)
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