Feature: Thermal Management


there is an increased demand for consumer electronics and automobiles in this region. Te flourishing automotive and consumer electronics sectors in China, Japan, South Korea and India are contributing to the demand for efficient thermal management devices in this region. Asia Pacific has become a global focal point for large investment and business expansions for companies dealing in consumer electronics, automobiles and Defence sectors.


Impact of recession on thermal management market Te majority portion of the thermal management ecosystem is labour-intensive. Te workers' salaries capture a significant share of the cost of running a practice. With the increase in wages across the world, thermal management solution providers have had to pay more to find and keep their employees. Te increased expenses have resulted in high prices of thermal management solutions for end-users. Growing prices are expected to adversely impact the demand for thermal management solutions globally, thereby, reducing the year- on-year growth of the market in 2023. However, the impact of the recession is


expected to gradually reduce during the forecast period and subsequently improve the year-on-year market. From the supply side, the leading players in the thermal management market observed a reduction in growth. North America and Asia Pacific are the key leading regions, which are dominating the overall thermal management market. However, several countries from


both regions are highly affected by the recession. Hence, the year-on-year growth of the thermal management market in 2023 expected to decrease by -1-1.5 per cent and reach 13 per cent, which was -14 to 15 per cent in 2022. Te demand for thermal management


solutions has seen a decrease because of the fall in consumer demand. Te major factors that increased the headwinds include the strengthening of the US dollar in the global market and supply constraints caused by political instabilities. Te rise in inflation has also led to a minor increase in operating costs (due to the increase in wages of workers). Overall, the leading players are expected


to see positive but moderate revenue growth. Te impact on this market could be from the demand side, as end-use industries face the pressure of rising costs of raw materials. Te various end-use industries such as consumer electronics, automotive, and aerospace & Defence has reduced investments in their upcoming projects due to inflation. Tese industries increased their focus on organic and inorganic growth strategies aſter and during the pandemic, but this inflationary period has slowed down the trend. To counter the rising inflation, central


banks across the world have increased their lending rates. But these counter-inflation measures could decrease the global GDP growth by 0.4 per cent settling down to 0.5 per cent in 2023 (Source: World bank) which would meet the technical definition of a recession. Tis would impact industrial manufacturers across the world, and thus


affect thermal management solution providers and the overall thermal management ecosystem. Te demand for thermal management in


the electronics industry has increased and the performance, size and price demands have challenged the existing technologies. Power density and power levels are still getting higher regardless of the improvements in performance and efficiency of component technologies. Te design of electronic products also has other important targets, such as the longer lifespan of products, as well as maintenance-free and reliable operation, even in the most demanding installation places and conditions.


5G Telecommunications 5G thermal management a wide-ranging term covering various forms of heat transfer, including conduction, convection and radiation. Termal management is an essential part of 5G technology and the product design Of base especially for the reliability Of 5G networks. Massive MIMO antennas of 5G base stations require very efficient thermal management. Standard aluminium heatsinks cannot dissipate heat sufficiently. Te heatsink is typically the heaviest component of the base station, which results in new and alternative solutions being needed. Utilising thermal management solutions makes the cooling of 5G technology simpler and more cost- efficient. Tis technology enables extremely efficient heat dissipation in devices: offering up to 4 times longer lifespan to 5G products.


www.electronicsworld.co.uk November 2024 33


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