Thermal Management Technologies Market
Thermal Management Technologies Market Size, Share & Trends Analysis Report by Material Type (Adhesive Materials and Non-adhesive Materials), by Device (Conduction Cooling Devices, Convection Cooling Devices, Advanced Cooling Devices and Hybrid Cooling Devices), by Service (Installation & Calibration and Optimization & Post-Sales Support), and by End-User (Consumer Electronics, Servers & Data Centers, Automotive, Aerospace & Defense, Enterprises and Others), Forecast Period (2023-2030)
Thermal management technologies market is anticipated to grow at a CAGR of 11.1% during the forecast period (2023-2030). Effective thermal management techniques, like heat sinks, fans, liquid cooling systems, and thermal interface materials, enable devices and systems to operate safely, perform at their best, and have a longer lifespan. The growing adoption of a variety of thermal management technologies to compare and adapt to the architecture of next-generation aircraft is the key factor supporting the growth of the market globally. The hybrid aircraft of the future operate much differently than the aviation sector has grown accustomed to during the jet age. Thermal management becomes more complex when aircraft manufacturers introduce electric and hybrid-electric aircraft with heat-generating fuel cells, batteries and power electronics. the market players are also focusing on introducing thermal management technologies solutions for aircraft that further bolster the market growth. For instance, in February 2023, Honeywell-Led European Consortium Launched research on thermal management solutions for future aircraft. To develop advanced thermal management components and architectures for next-generation narrow body and regional, hybrid-electric aircraft as a critical enabler to reducing aircraft emissions.
Segmental Outlook
The global thermal management technologies market is segmented on the material type, device, service, and end-user. Based on the material type, the market is sub-segmented into adhesive materials and non-adhesive materials. Based on the device, the market is sub-segmented into conduction cooling devices, convection cooling devices, advanced cooling devices and hybrid cooling devices. Based on the service, the market is sub-segmented into installation & calibration and optimization & post-sales support. Further, on the basis of end-user, the market is sub-segmented into consumer electronics, servers & data centers, automotive, aerospace & defense, enterprises and others (healthcare). Among the end-users, the automotive sub-segment is anticipated to hold a considerable share of the market owing to the rise in the development of heating, ventilation, and air-conditioning (HVAC) systems, glazing, and others. Advancements in these technologies refine thermal control and reduce energy losses.
The Conduction Cooling Devices Sub-Segment is Anticipated to Hold a Considerable Share of the Global Thermal Management Technologies Market
Among the devices, the conduction cooling devices sub-segment is expected to hold a considerable share of the global thermal management technologies market. The segmental growth is attributed to the growing influence of the use of alternative refrigerants in refrigeration-based cooling systems to address global warming and changes in regulatory requirements in the cooling industry. New development initiative focused on maximizing operational performance, cooling capacity and the safe use of alternative refrigerants to significantly reduce the Global Warming Potential (GWP) associated with these systems. For instance, in March 2022, Laird Thermal Systems launched an initiative to introduce the use of alternative refrigerants in refrigeration-based cooling systems to address global warming and changes in regulatory requirements in the cooling industry.
Regional Outlook
The global thermal management technologies market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America. Among these, Asia-Pacific is anticipated to hold a prominent share of the market across the globe, owing to the increasing adoption of heat dissipation solutions to improve the heat dissipation in next-generation electronics.
Global Thermal Management Technologies Market Growth, by Region 2023-2030
The North America Region is Expected to Grow at a Significant CAGR in the Global Thermal Management Technologies Market
Among all regions, the North America regions is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to increasing demand for these solutions to optimize the computer-cooling process to control a large amount of heat produced during the operation. The development of advanced products that offer adequate heat dissipation, grounding, and shielding to the components, as well as the equipment. The development of electric vehicles has driven the need for heat removal in electric motors. The key market players includes Aavid Thermalloy, Advanced Cooling Technologies, Inc., Laird Thermal Systems, Thermal Energy Corp., Wakefield-Vette and others.
Various market player partnership signals its expansion from a component supplier to a design and testing service provider for both private- and public-sector customers. For instance, in April 2021, KULR and Andretti partnered on thermal management testing and design platforms. KULR and Andretti Autosport announced a long-term partnership to bring the same technology used in the Mars Rover to electric vehicle batteries and safety solutions.
Market Players Outlook
The major companies serving the thermal management technologies market include Delta Electronics, Inc., GENTHERM, Henkel Adhesives Technologies India Pvt Ltd., Norsk Hydro ASA, Parker Hannifin Corp., Schneider Electric, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in June 2020, DuPont and JetCool Technologies Inc. collaborated to increase the adoption of advanced liquid cooling technology, enabling thermal management for semiconductors, data centres and other high-performance computing applications.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global thermal management technologies market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Delta Electronics, Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Parker Hannifin Corp.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Schneider Electric
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Thermal Management Technologies Market by Material Type
4.1.1. Adhesive Materials
4.1.2. Non-adhesive Materials
4.2. Global Thermal Management Technologies Market by Device
4.2.1. Conduction Cooling Devices
4.2.2. Convection Cooling Devices
4.2.3. Advanced Cooling Devices
4.2.4. Hybrid Cooling Devices
4.3. Global Thermal Management Technologies Market by Service
4.3.1. Installation & Calibration
4.3.2. Optimization & Post-Sales Support
4.4. Global Thermal Management Technologies Market by End-User
4.4.1. Consumer Electronics
4.4.2. Servers & Data Centers
4.4.3. Automotive
4.4.4. Aerospace & Defense
4.4.5. Enterprises
4.4.6. Others (Healthcare)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. ADVANCED COOLING TECHNOLOGIES, INC.
6.2. Amphenol-sensors
6.3. Arrow Electronics, Inc.
6.4. Cooler Master Technology Inc.
6.5. EG Electornics
6.6. Fujipoly
6.7. GENTHERM
6.8. Henkel Adhesives Technologies India Pvt Ltd.
6.9. Industrie Saleri Italo S.p.A.
6.10. Interstate Specialty Products
6.11. Laird Thermal Systems, Inc.
6.12. Norsk Hydro ASA
6.13. Nortek Air Solutions, LLC.
6.14. Thermal Management Technologies
6.15. Thermex-Thermatron Systems
6.16. Thermo Systems
6.17. Wakefield Thermal, Inc.
1. GLOBAL THERMAL MANAGEMENT TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2022-2030 ($ MILLION)
2. GLOBAL THERMAL ADHESIVE MATERIALS MANAGEMENT TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
3. GLOBAL THERMAL NON-ADHESIVE MATERIALS MANAGEMENT TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
4. GLOBAL THERMAL MANAGEMENT TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY DEVICE, 2022-2030 ($ MILLION)
5. GLOBAL THERMAL CONDUCTION COOLING DEVICES MANAGEMENT TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
6. GLOBAL THERMAL CONVECTION COOLING DEVICES MANAGEMENT TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
7. GLOBAL THERMAL ADVANCED COOLING DEVICES MANAGEMENT TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
8. GLOBAL THERMAL HYBRID COOLING DEVICES MANAGEMENT TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
9. GLOBAL THERMAL MANAGEMENT TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY SERVICE, 2022-2030 ($ MILLION)
10. GLOBAL THERMAL INSTALLATION & CALIBRATION MANAGEMENT TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
11. GLOBAL THERMAL OPTIMIZATION & POST-SALES SUPPORT MANAGEMENT TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
12. GLOBAL THERMAL MANAGEMENT TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
13. GLOBAL THERMAL MANAGEMENT TECHNOLOGIES FOR CONSUMER ELECTRONICS MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
14. GLOBAL THERMAL MANAGEMENT TECHNOLOGIES FOR SERVERS & DATA CENTERS MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
15. GLOBAL THERMAL MANAGEMENT TECHNOLOGIES FOR AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
16. GLOBAL THERMAL MANAGEMENT TECHNOLOGIES FOR AEROSPACE & DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
17. GLOBAL THERMAL MANAGEMENT TECHNOLOGIES FOR ENTERPRISES MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
18. GLOBAL THERMAL MANAGEMENT TECHNOLOGIES FOR OTHERS MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
19. GLOBAL THERMAL MANAGEMENT TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
20. NORTH AMERICAN THERMAL MANAGEMENT TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
21. NORTH AMERICAN THERMAL MANAGEMENT TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2022-2030 ($ MILLION)
22. NORTH AMERICAN THERMAL MANAGEMENT TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY DEVICE, 2022-2030 ($ MILLION)
23. NORTH AMERICAN THERMAL MANAGEMENT TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY SERVICE, 2022-2030 ($ MILLION)
24. NORTH AMERICAN THERMAL MANAGEMENT TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
25. EUROPEAN THERMAL MANAGEMENT TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
26. EUROPEAN THERMAL MANAGEMENT TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2022-2030 ($ MILLION)
27. EUROPEAN THERMAL MANAGEMENT TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY DEVICE, 2022-2030 ($ MILLION)
28. EUROPEAN THERMAL MANAGEMENT TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY SERVICE, 2022-2030 ($ MILLION)
29. EUROPEAN THERMAL MANAGEMENT TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
30. ASIA- PACIFIC THERMAL MANAGEMENT TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
31. ASIA- PACIFIC THERMAL MANAGEMENT TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2022-2030 ($ MILLION)
32. ASIA- PACIFIC THERMAL MANAGEMENT TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY DEVICE, 2022-2030 ($ MILLION)
33. ASIA- PACIFIC THERMAL MANAGEMENT TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY SERVICE, 2022-2030 ($ MILLION)
34. ASIA- PACIFIC THERMAL MANAGEMENT TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
35. REST OF THE WORLD THERMAL MANAGEMENT TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
36. REST OF THE WORLD THERMAL MANAGEMENT TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2022-2030 ($ MILLION)
37. REST OF THE WORLD THERMAL MANAGEMENT TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY DEVICE, 2022-2030 ($ MILLION)
38. REST OF THE WORLD THERMAL MANAGEMENT TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY SERVICE, 2022-2030 ($ MILLION)
39. REST OF THE WORLD THERMAL MANAGEMENT TECHNOLOGIES MARKET RESEARCH AND ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
1. GLOBAL THERMAL MANAGEMENT TECHNOLOGIES MARKET SHARE BY MATERIAL TYPE, 2022 VS 2030 (%)
2. GLOBAL THERMAL ADHESIVE MATERIALS MANAGEMENT TECHNOLOGIES MARKET SHARE BY REGION, 2022 VS 2030 (%)
3. GLOBAL THERMAL NON-ADHESIVE MATERIALS MANAGEMENT TECHNOLOGIES MARKET SHARE BY REGION, 2022 VS 2030 (%)
4. GLOBAL THERMAL MANAGEMENT TECHNOLOGIES MARKET SHARE BY DEVICE, 2022 VS 2030 (%)
5. GLOBAL THERMAL CONDUCTION COOLING DEVICES MANAGEMENT TECHNOLOGIES MARKET SHARE BY REGION, 2022 VS 2030 (%)
6. GLOBAL THERMAL CONVECTION COOLING DEVICES MANAGEMENT TECHNOLOGIES MARKET SHARE BY REGION, 2022 VS 2030 (%)
7. GLOBAL THERMAL ADVANCED COOLING DEVICES MANAGEMENT TECHNOLOGIES MARKET SHARE BY REGION, 2022 VS 2030 (%)
8. GLOBAL THERMAL HYBRID COOLING DEVICES MANAGEMENT TECHNOLOGIES MARKET SHARE BY REGION, 2022 VS 2030 (%)
9. GLOBAL THERMAL MANAGEMENT TECHNOLOGIES MARKET SHARE ANALYSIS BY SERVICE, 2022-2030 ($ MILLION)
10. GLOBAL THERMAL INSTALLATION & CALIBRATION MANAGEMENT TECHNOLOGIES I MARKET SHARE BY REGION, 2022 VS 2030 (%)
11. GLOBAL THERMAL OPTIMIZATION & POST-SALES SUPPORT MANAGEMENT TECHNOLOGIES MARKET SHARE BY REGION, 2022 VS 2030 (%)
12. GLOBAL THERMAL MANAGEMENT TECHNOLOGIES MARKET SHARE ANALYSIS BY END-USER, 2022-2030 ($ MILLION)
13. GLOBAL THERMAL MANAGEMENT TECHNOLOGIES FOR CONSUMER ELECTRONICS MARKET SHARE BY REGION, 2022 VS 2030 (%)
14. GLOBAL THERMAL MANAGEMENT TECHNOLOGIES FOR SERVERS & DATA CENTERS MARKET SHARE BY REGION, 2022 VS 2030 (%)
15. GLOBAL THERMAL MANAGEMENT TECHNOLOGIES FOR AUTOMOTIVE MARKET SHARE BY REGION, 2022 VS 2030 (%)
16. GLOBAL THERMAL MANAGEMENT TECHNOLOGIES FOR AEROSPACE & DEFENSE MARKET SHARE BY REGION, 2022 VS 2030 (%)
17. GLOBAL THERMAL MANAGEMENT TECHNOLOGIES FOR ENTERPRISES MARKET SHARE BY REGION, 2022 VS 2030 (%)
18. GLOBAL THERMAL MANAGEMENT TECHNOLOGIES FOR OTHERS MARKET SHARE BY REGION, 2022 VS 2030 (%)
19. GLOBAL THERMAL MANAGEMENT TECHNOLOGIES MARKET SHARE BY REGION, 2022 VS 2030 (%)
20. US THERMAL MANAGEMENT TECHNOLOGIES MARKET SIZE, 2022-2030 ($ MILLION)
21. CANADA THERMAL MANAGEMENT TECHNOLOGIES MARKET SIZE, 2022-2030 ($ MILLION)
22. UK THERMAL MANAGEMENT TECHNOLOGIES MARKET SIZE, 2022-2030 ($ MILLION)
23. FRANCE THERMAL MANAGEMENT TECHNOLOGIES MARKET SIZE, 2022-2030 ($ MILLION)
24. GERMANY THERMAL MANAGEMENT TECHNOLOGIES MARKET SIZE, 2022-2030 ($ MILLION)
25. ITALY THERMAL MANAGEMENT TECHNOLOGIES MARKET SIZE, 2022-2030 ($ MILLION)
26. SPAIN THERMAL MANAGEMENT TECHNOLOGIES MARKET SIZE, 2022-2030 ($ MILLION)
27. REST OF EUROPE THERMAL MANAGEMENT TECHNOLOGIES MARKET SIZE, 2022-2030 ($ MILLION)
28. INDIA THERMAL MANAGEMENT TECHNOLOGIES MARKET SIZE, 2022-2030 ($ MILLION)
29. CHINA THERMAL MANAGEMENT TECHNOLOGIES MARKET SIZE, 2022-2030 ($ MILLION)
30. JAPAN THERMAL MANAGEMENT TECHNOLOGIES MARKET SIZE, 2022-2030 ($ MILLION)
31. SOUTH KOREA THERMAL MANAGEMENT TECHNOLOGIES MARKET SIZE, 2022-2030 ($ MILLION)
32. REST OF ASIA-PACIFIC THERMAL MANAGEMENT TECHNOLOGIES MARKET SIZE, 2022-2030 ($ MILLION)
33. REST OF THE WORLD THERMAL MANAGEMENT TECHNOLOGIES MARKET SIZE, 2022-2030 ($ MILLION)
