Thermal Management Market Worth $19.3 Billion by 2028
The global thermal management market was valued at USD 10.7 billion in 2022 and is projected to reach USD 19.3 billion by 2028, registering a CAGR of 9.7% during the forecast period according to a new report by MarketsandMarkets™. The rise in demand for thermal management is attributed to the increasing need for advanced heat dissipation solutions and thermal management components in consumer electronics and the growing use of miniature electronic devices.
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