Greater efficiency translates into reduced losses, which, in turn, generates less residual heat. Considered on its own, this is potentially good news for designers and seemingly simplifies the challenge of thermal management when designing new products.
In reality, however, the thermal advantages of high-efficiency circuit design are often negated by the heat generated due to more compact package designs and factors such as limited ventilation in portable electronics that require airtight protection against moisture ingress. Therefore, while thermal management can present new challenges in many cases for various reasons, it remains an essential element for achieving a reliable and robust design.
Given the need to reduce power consumption, the fan is the least convenient option for achieving heat dissipation in devices powered by both mains electricity and batteries.