Thermal Management Market - Trends Forecast Till 2028

Market Overview

The global Thermal Management Market size is projected to reach a CAGR of 7.9% from 2022-2028.

A broad range of material technologies and problem-solving design tools that are generally applied by manufacturers to regulate the unwanted heat emitted from the normal functioning of an electronic system is considered as thermal management technologies, which are classified as hardware, software, interfaces, and substrates.

Rising demand for effective thermal management solutions and systems for use in consumer electronics, increasing use of electronic devices in different end-use industries, and ongoing radical miniaturization of electronic are some of the factors that have supported long-term expansion for Thermal Management Market.

Regional Analysis

The North American region is expected to account for the largest market share, attributed to the increasing investments for the technological solutions, adoption of the thermal management technologies by various domains, and low operational cost. Some of the prominent players in the thermal management technologies, such as Parker-Hannifin Corp, Advanced Cooling Technologies Inc., Honeywell International Inc., and Gentherm Inc., are headquartered in this region.

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• Parker Hannifin Corporation
• Advanced Cooling Technologies Inc.
• Honeywell International Inc.
• Gentherm Incorporated
• Autoneum Holding AG
• Henkel
• Master Bond
• Laird
• Delta Electronics
• Heatex
• Thermotek

Recent Developments

• In April 2020, Laird Thermal Systems launched the new UltraTEC UTX Series thermoelectric cooler that offer a 10% boost in heat pumping capacity, greater temperature differential and higher efficiency than standard thermoelectric coolers. The UTX series is ideal for spot cooling applications with industrial lasers, laser projectors, medical diagnostic systems and analytical instrumentation.
• In February 2020, Honeywell launched the Solstice E-Cooling, a breakthrough platform of liquid heat transfer agents that cool high-performance electronics more efficiently and effectively than traditional methods that use air and water. These new heat transfer agents lower operational costs for applications such as data centers that use high-performance servers.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Thermal Management Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope