The global thermal management technologies market is anticipated to grow at a CAGR of 11.1% during the forecast period (2023-2030). The increasing demand for advanced heat dissipation solutions drives the thermal management technologies market. Manufacturers are working on the development of advanced cooling solutions based on multi-phase heat transfer technologies. Technologies, such as jet impingement mechanisms, cold plates, and heat vapour chambers, have revolutionized the future of these systems. Various components and system-level technological issues, such as heat effect on transistor operation, spatial and temporal variation in the heat load, multiple heat transfer interface, and acoustic noise emissions, are presumed to challenge technological advancements.
Browse the full report description of “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)” at https://www.omrglobal.com/industry-reports/thermal-management-technologies-market
Optimized thermal energy management is a key factor especially in electric vehicles, as the cooling and heating needs of components and passengers within the car require high energy consumption. For instance, in July 2023, Marelli launched its new integrated Thermal Management Module (iTMM) for electric vehicles, which allows the efficient combination of the vehicle’s different thermal circuits into one single component to shape a more efficient thermal management system, ultimately increasing driving range, safety and flexibility.
The battery thermal management system (BTMS) gives customers full control of battery temperature in all environments, from hot summer afternoons to icy winter mornings. For instance, in May 2022, Modine launched a new EVantage line of thermal management systems for commercial electric vehicles. Modine produces complete EV thermal management systems that regulate battery, traction motor, and power electronics temperatures within optimal ranges under all operating conditions and is customizable for any size chassis.
Carbon fibre heating technology, where each blanket is designed with eight integrated sensors enabling enhanced patient safety and precise temperature control. For instance, in October 2020, Gentherm Medical launched ASTOPAD™ patient warming system in the US. The carbon fibre heating technology was originally designed for comfort, warmth, reliability and safety in automotive passenger thermal management. This technology is ideal for the Operating Room and anywhere in a hospital where medical professionals need quiet, comfortable and reliable warming to help prevent and treat hypothermia in a surgical patient.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Material Type
o By Device
o By Service
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Delta Electronics, Inc., GENTHERM, Henkel Adhesives Technologies India Pvt Ltd., Norsk Hydro ASA, Parker Hannifin Corp., Schneider Electric, and others.
Key questions addressed by the report
Global Thermal Management Technologies Market Report Segment
By Material Type
By Device
By Service
By End-User
Global Thermal Management Technologies Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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