Editor's Note 

Today, the industrial sector is experiencing a boom with several technological advancements, especially in the electronics industry. The growing reliance on high-powered systems and devices has propelled the industry stalwarts and the new-age thermal management companies to increase performance efficiency and reduce carbon emissions significantly. We need to devise comprehensive thermal management systems that will enable the global industrial sector to maintain temperature thresholds and introduce innovative practices to enhance system performance. 

We are in an age where we are constantly upgrading our data architecture and systems, tripling or quadrupling the amount of data running through the systems, which causes the internal systems to heat. The heat generated constantly requires an equally effective cooling system to work effectively. The new thermal management systems are leveraging the strengths of gap pads to overcome the challenges created by a mechanical and metal version of gap pads. Effective heat sinks are vital to properly functioning computer and industrial systems where the expedited cooling system of microprocessors can enable better system stability. 

The growing need for seamless temperature-controlled equipment within the optimal range has beckoned innovative practices amongst thermal management companies globally. According to Marketwatch, the global thermal management systems market size was USD 2303.2 million in 2021. It is expected to touch a market size of USD 3865 million approx. by 2028, growing at a CAGR of 7.7% on average over the analysis period. The global thermal management systems market is anticipated to rise considerably between the forecast period of 2022 to 2028. 

New businesses are aware of the challenges that plague this industry and are constantly devising better strategies and collaborations to combat the competition. The demand for thermal management techniques and frameworks is growing rapidly across the medical, automotive, renewable energy, and aviation industries. The product categorization includes hardware, software, thermal interface materials, services, and substrates. 

The current market dynamics concentrate on building a robust thermal management system environment where every company will benefit from the innovations. Through this edition, we aim to educate and inform our audience of the changemakers in this sector and their significant contributions to improving the industry. We hope you enjoy reading it and get a deeper understanding of where the future lies. 

Happy Reading!