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Stock impact report

Thermal Management Technologies Business Research Report 2024: Increased Power Density and Growing Focus on Energy Efficiency of Electronic Devices Continues to Drive Demand - Global Forec...

Gentherm Inc (THRM) 
Last gentherm inc earnings: 2/19 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The global market for Thermal Management Technologies is estimated at US$14.0 Billion in 2023 and is projected to reach US$26.1 Billion by 2030, growing at a CAGR of 9.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The growth in the thermal management technologies market is driven by several factors. Advances in electronics and the increasing miniaturization of components have heightened the need for efficient thermal management solutions to handle higher power densities. The automotive industry's shift towards electric and hybrid vehicles, which require effective cooling for batteries and power electronics, is significantly boosting demand. The proliferation of data centers, which generate substantial heat and require sophisticated cooling solutions to maintain operational efficiency, is another major driver. Additionally, the expansion of renewable energy secto Show less Read more
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