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The global Thermal Interface Materials Market is valued at approximately USD 1885.2 million in 2021 and is anticipated to grow with a healthy growth rate of more than 10.11 % over the forecast period 2022-2029. Thermal interface material is a type of material that is used to improve thermal coupling between two components. This material is used for heat dissipation, with the TIM sandwiched between a heat-dissipating and a heat-producing device. The Thermal Interface Materials market is expanding because of factors such as the surging demand for electronic consumer products and the growing scope of industrial automation in the forecast period
According to Statista 2022, Revenue in the Consumer Electronics market is projected to reach USD 1,062 billion in 2022 and is expected to show an exceptional growth of 3.2% by the year 2023. The global consumer electronic market is expected to grow annually by 2.51% CAGR by 2027 in the near future. Also, in 2019 the revenue for the consumer electronic industry was USD 1 Trillion which is predicted to be stable up to around 1.14 trillion U.S. dollars in 2026. Whereas the adoption of TIMS in medical devices and advancements in military and aerospace applications create lucrative opportunities for the market. However, the physical properties of thermal interface materials hamper market growth throughout the forecast period of 2022-209.
The key regions considered for the Global Thermal Interface Materials Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the increasing application of thermal interface materials across end-user industries, and rising growth across automotive and construction industries. Whereas the Asia Pacific is expected to grow significantly during the forecast period in terms of the highest CAGR, owing to factors such as increasing demand and consumers spendings for electronic devices, rising consumer, and rising government regulation regarding digitalization
Major market players included in this report are:
Honeywell International Inc.
3M Company
Henkel AG & Co. KGaA
Parker Hannifin Corporation
Dow Corning Corporation
Laird Technologies
Momentive Performance Materials
Indium Corporation
Wakefield-Vette
Shin-Etsu
Recent Developments in the Market:
In April 2021, THERM-A-GAP GEL 75 was introduced by Parker Hannifin Corporation. It is a single-component thermal interface material that can be used in high-powered electronics. The product is intended for use in automotive safety electronics modules, memory and power modules, telecommunications equipment, and power supplies, among other applications.
In June 2022, DOWSIL TC-4040 dispensable thermal pad was introduced by Dow Corning Corporation. The new product has a high thermal conductivity and is resistant to slumping. The product launch is intended to improve the company’s product offerings in the market and to meet rising consumer demand.
Global Thermal Interface Materials Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Products, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Products:
Greases & Adhesives,
Tapes & Films,
Phase Change Materials,
Gap Fillers,
Others
By Application:
Computers,
Telecom,
Consumer Durables,
Medical Devices,
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Trillion)
1.2.1. Alternative Energy Market, by Region, 2019-2029 (USD Trillion)
1.2.2. Alternative Energy Market, by Type, 2019-2029 (USD Trillion)
1.2.3. Alternative Energy Market, by End Use, 2019-2029 (USD Trillion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Alternative Energy Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Alternative Energy Market Dynamics
3.1. Alternative Energy Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Increase in preference toward environment-friendly energy solutions
3.1.1.2. Inclination toward use of localized energy procurement and diversifying energy supply
3.1.1.3. Focusing on reducing dependence on imported fossil fuels
3.1.2. Market Challenges
3.1.2.1. High initial costs for setting of energy production plant and storage
3.1.2.2. Slow rate of energy production as compared to fossil fuels
3.1.3. Market Opportunities
3.1.3.1. Downsizing and Safe design of nuclear energy plants
3.1.3.2. Increasing investment in transmission, distribution services and ESG policies
Chapter 4. Global Alternative Energy Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Alternative Energy Market, by Type
6.1. Market Snapshot
6.2. Global Alternative Energy Market by Type, Performance – Potential Analysis
6.3. Global Alternative Energy Market Estimates & Forecasts by Type 2019-2029 (USD Trillion)
6.4. Alternative Energy Market, Sub Segment Analysis
6.4.1. Nuclear Energy
6.4.2. Solar Energy
6.4.3. Geothermal Energy
Chapter 7. Global Alternative Energy Market, by End Use
7.1. Market Snapshot
7.2. Global Alternative Energy Market by End Use, Performance – Potential Analysis
7.3. Global Alternative Energy Market Estimates & Forecasts by End Use 2019-2029 (USD Trillion)
7.4. Alternative Energy Market, Sub Segment Analysis
7.4.1. Industrial
7.4.2. Commercial
7.4.3. Residential
Chapter 8. Global Alternative Energy Market, Regional Analysis
8.1. Alternative Energy Market, Regional Market Snapshot
8.2. North America Alternative Energy Market
8.2.1. U.S. Alternative Energy Market
8.2.1.1. Type breakdown estimates & forecasts, 2019-2029
8.2.1.2. End Use breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Alternative Energy Market
8.3. Europe Alternative Energy Market Snapshot
8.3.1. U.K. Alternative Energy Market
8.3.2. Germany Alternative Energy Market
8.3.3. France Alternative Energy Market
8.3.4. Spain Alternative Energy Market
8.3.5. Italy Alternative Energy Market
8.3.6. Rest of Europe Alternative Energy Market
8.4. Asia-Pacific Alternative Energy Market Snapshot
8.4.1. China Alternative Energy Market
8.4.2. India Alternative Energy Market
8.4.3. Japan Alternative Energy Market
8.4.4. Australia Alternative Energy Market
8.4.5. South Korea Alternative Energy Market
8.4.6. Rest of Asia Pacific Alternative Energy Market
8.5. Latin America Alternative Energy Market Snapshot
8.5.1. Brazil Alternative Energy Market
8.5.2. Mexico Alternative Energy Market
8.5.3. Rest of Latin America Alternative Energy Market
8.6. Rest of The World Alternative Energy Market
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. NextEra Energy Resources, LLC
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Trina solar
9.2.3. Ormat Technologies Inc.
9.2.4. capstone infrastructure corporation
9.2.5. Enel Spa
9.2.6. Ontario Power Generation Inc.
9.2.7. adani group
9.2.8. LONGi
9.2.9. Acciona SA
9.2.10. Northland Power Inc.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption
The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.
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