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PUBLISHER: BCC Research | PRODUCT CODE: 1894162
PUBLISHER: BCC Research | PRODUCT CODE: 1894162
The Global Market for Thermal Management Technologies
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PAGES: 148 Pages
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The global market for thermal management (TM) technologies is estimated to grow from $19.8 billion in 2025 to reach $30 billion by the end of 2030, at a compound annual growth rate (CAGR) of 8.6% from 2025 to 2030.
The North American market for TM technologies is estimated to grow from $8.5 billion in 2025 to reach $12.8 billion by the end of 2030, at a CAGR of 8.4% from 2025 to 2030.
The Asia-Pacific market for TM technologies is estimated to grow from $5 billion in 2025 to reach $8.9 billion by the end of 2030, at a CAGR of 12.3% from 2025 to 2030.
Report Scope
The report analyzes the global thermal management (TM) technologies market across key segments, including device type, product type and application. By device type, the market encompasses convection cooling devices, conduction cooling devices, hybrid cooling devices and advanced cooling devices that enable efficient heat dissipation and temperature regulation in various systems. By product type, the market covers hardware, thermal interface materials, software solutions for simulation and design optimization, specialized services, and substrates that enhance thermal conductivity and integration efficiency. TM technologies are deployed across various applications, such as consumer electronics, industrial and military electronics, data centers, automotive systems, healthcare equipment, telecommunications infrastructure, renewable energy systems and other specialized sectors where precise heat control is essential for performance, reliability and longevity.
The report provides a comprehensive regional analysis covering North America, Europe, the Asia-Pacific region, and the Rest of the World (RoW), which includes Latin America, the Middle East, and Africa. It evaluates market dynamics, including drivers, challenges and emerging trends, while highlighting innovations in material design and performance enhancements. The study concludes with an analysis of major companies in the market and their products/services. The base year for the study is 2024, with projections for the years 2025 through 2030, including compound annual growth rate (CAGR) for the forecast period.
Report Includes
- 58 data tables and 38 additional tables
- An overview of the global market for thermal management (TM) technologies
- In-depth analysis of global market trends, featuring historical revenue data for 2024, estimated figures for 2025, as well as forecasts for 2027 and 2029. This analysis includes projections of compound annual growth rates (CAGRs) through 2030
- Evaluation of the current market size and revenue growth prospects specific to thermal management technologies, accompanied by a market share analysis by product type, application, device and region
- Analysis of current and future demand in the global thermal management technologies market, along with a detailed analysis of the competitive environment, market regulations and reimbursement practices
- Information on concept development of and hardware test for effective thermal designs and power dissipation and environmental factors affecting thermal management systems, and discussion of rapid prototyping, thermal sensing technologies, new manufacturing processes and developments in thermal management software, such as computational fluid design and heat transfer
- Analysis of drivers, challenges and opportunities affecting market growth
- Coverage of evolving technologies, the current and future market potential, R&D activities, growth strategies, new product pipeline, regulatory framework and reimbursement scenarios, and ESG trends of the market
- Market share analysis of the key market participants in the thermal management technologies market, along with their research priorities, product portfolios, global rankings and competitive landscape
- Profiles of the major companies, including 3M, Honeywell International Inc., Henkel AG & Co. KGaA, Dow and Parker Hannifin Corp.
Product Code: SMC024P
Table of Contents
Chapter 1 Executive Summary
- Market Outlook
- Scope of Report
- Market Summary
- Market Dynamics and Growth Factors
- Emerging Technologies
- Segmental Analysis
- Regional Analysis
- Conclusion
Chapter 2 Market Overview
- Current Market Overview
- Future Outlook
- Macroeconomic Factors Analysis
- Interest Rates and Central Bank Policy
- Global Supply Chain Stability
- Technology Adoption Rates
- Impact of U.S. Tariff Announcements
- Value Chain Analysis
- Raw Material/Component Suppliers
- Component Assemblers
- Consumers/End Users
- Porter's Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Potential for New Entrants
- Level of Competitiveness
- Availability of Substitutes
Chapter 3 Market Dynamics
- Key Takeaways
- Market Drivers
- Electrification and the Rise of High-Power-Density Systems
- Increasing TM Requirements in 5G Communication Devices
- Increasing Demand for Carbon Dioxide Reduction and Fuel-Efficient Thermal Systems
- Market Restraints/Challenges
- Design Complexities in TM Systems
- High Cost of TM Systems
- Market Opportunities
- Increasing Interest in Industrial Waste Heat Recovery and Energy Reuse
- Rising Demand for Immersion Cooling and Liquid-based Thermal Systems
Chapter 4 Regulatory Landscape
- Overview
- Regulatory Scenario of TM Systems
Chapter 5 Emerging Technologies
- Overview
- Emerging Technologies
- Nanostructured Materials
- Smart Fibers and Textiles
- Thermal Transistors
- Battery Thermal Management
- Patent Analysis
- Regional Patterns
- Key Findings
Chapter 6 Market Segment Analysis
- Segmentation Breakdown
- Market Breakdown by Device
- Key Takeaways
- Convection Cooling Devices
- Conduction Cooling Devices
- Hybrid Cooling Devices
- Advanced Cooling Devices
- Market Breakdown by Product Type
- Key Takeaways
- Hardware
- Thermal Interface Materials
- Services
- Software
- Substrates
- Market Breakdown by Application
- Key Takeaways
- Consumer Electronics
- Industrial and Military Electronics
- Data Centers
- Automotive
- Healthcare
- Telecommunications
- Renewable Energy
- Others
- Geographic Breakdown
- Market Breakdown by Region
- Key Takeaways
- North America
- Europe
- Asia-Pacific
- Rest of the World
Chapter 7 Competitive Landscape
- Key Takeaways
- Market Ecosystem Analysis
- Material Suppliers
- Component and Hardware Manufacturers
- System Manufacturers and Integrators
- Software and Simulation Solution Providers
- Technology Developers and Research Institutions
- Regulatory Bodies and Industry Associations
- End-Use Industries
- Analysis of Key Companies
- 3M
- Honeywell International Inc.
- Henkel AG & Co. KGaA
- Dow
- Parker Hannifin Corp.
- Strategic Analysis
- Recent Developments
Chapter 8 Environmental, Social and Governance (ESG) Perspective
- Key Takeaways
- Environmental Impact
- Social Impact
- Governance Impact
- Current Status of ESG in the TM Technologies Market
- Concluding Remarks from BCC
Chapter 9 Appendix
- Research Methodology
- References
- Abbreviations
- Company Profiles
- Thermal Management Solutions Providers
- 3M
- GENTHERM
- HONEYWELL INTERNATIONAL INC.
- Thermal Management Hardware Providers
- ALCOA CORP.
- ASETEK INC. A/S
- COMAIR ROTRON
- Thermal Management Software Providers
- ALTAIR ENGINEERING INC.
- ANSYS INC.
- HEXAGON AB
- Thermal Management Interface Materials Providers
- AMETEK INC.
- DOW
- HENKEL AG & CO. KGAA
- PARKER HANNIFIN CORP.
- ROGERS CORP.
- Thermal Management Substrates Providers
- AMKOR TECHNOLOGY
- MATERION CORP.
Product Code: SMC024P
List of Tables
- Summary Table : Global Market for TM Technologies, by Region, Through 2030
- Table 1 : Porter's Five Forces: Rating Scale
- Table 2 : Regulatory Scenario of TM Technologies, by Country
- Table 3 : Key Published Patents on TM, June 2025-November 2025
- Table 4 : Global Market for TM Technologies, by Device, Through 2030
- Table 5 : Global Market for Convection Cooling Devices in TM Technologies, by Region, Through 2030
- Table 6 : Global Market for Conduction Cooling Devices in TM Technologies, by Region, Through 2030
- Table 7 : Global Market for Hybrid Cooling Devices in TM Technologies, by Region,Through 2030
- Table 8 : Global Market for Advanced Cooling Devices in TM Technologies, by Region, Through 2030
- Table 9 : Global Market for TM Technologies, by Product Type, Through 2030
- Table 10 : Global Market for Hardware Used for TM, by Type, Through 2030
- Table 11 : Global Market for Hardware Used for TM, by Region, Through 2030
- Table 12 : Global Market for TIMs Used for TM, by Type, Through 2030
- Table 13 : Global Market for TIMs Used for TM, by Region, Through 2030
- Table 14 : Global Market for Software Used for TM, by Type, Through 2030
- Table 15 : Global Market for Service Used for TM, by Region, Through 2030
- Table 16 : Global Market for Software Used for TM, by Region, Through 2030
- Table 17 : Global Market for Substrates Used for TM, by Type, Through 2030
- Table 18 : Global Market for Substrates Used for TM, by Region, Through 2030
- Table 19 : Global Market for TM Technologies, by Application, Through 2030
- Table 20 : Global Market for TM Technologies in Consumer Electronic Applications,by Region, Through 2030
- Table 21 : Global Market for TM Technologies in Industrial and Military Electronics Applications, by Region, Through 2030
- Table 22 : Global Market for TM Technologies in Data Center Applications, by Region, Through 2030
- Table 23 : Global Market for TM Technologies in Automotive Applications, by Region,Through 2030
- Table 24 : Global Market for TM Technologies in Healthcare Applications, by Region, Through 2030
- Table 25 : Global Market for TM Technologies in Telecommunications Applications,by Region, Through 2030
- Table 26 : Global Market for TM Technologies in Renewable Energy Applications, by Region, Through 2030
- Table 27 : Global Market for TM Technologies in Other Applications, by Region,Through 2030
- Table 28 : Global Market for TM Technologies, by Region, Through 2030
- Table 29 : North American Market for TM Technologies, by Country, Through 2030
- Table 30 : North American Market for TM Technologies, by Device, Through 2030
- Table 31 : North American Market for TM Technologies, by Product Type, Through 2030
- Table 32 : North American Market for TM Technologies, by Application, Through 2030
- Table 33 : European Market for TM Technologies, by Country, Through 2030
- Table 34 : European Market for TM Technologies, by Device, Through 2030
- Table 35 : European Market for TM Technologies, by Product Type, Through 2030
- Table 36 : European Market for TM Technologies, by Application, Through 2030
- Table 37 : Asia-Pacific Market for TM Technologies, by Country, Through 2030
- Table 38 : Asia-Pacific Market for TM Technologies, by Device, Through 2030
- Table 39 : Asia-Pacific Market for TM Technologies, by Product Type, Through 2030
- Table 40 : Asia-Pacific Market for TM Technologies, by Application, Through 2030
- Table 41 : RoW Market for TM Technologies, by Sub-region, Through 2030
- Table 42 : RoW Market for TM Technologies, by Device, Through 2030
- Table 43 : RoW Market for TM Technologies, by Product Type, Through 2030
- Table 44 : RoW Market for TM Technologies, by Application, Through 2030
- Table 45 : Ranking and Market Shares for Top 5 Providers in the TM Technologies Market, 2024
- Table 46 : Recent Developments in the Global TM Technologies Market, 2025
- Table 47 : ESG Risk Ratings Metric, by Company, 2025
- Table 48 : Abbreviations Used in the TM Technologies Market Report
- Table 49 : 3M: Company Snapshot
- Table 50 : 3M: Financial Performance, FY 2023 and 2024
- Table 51 : 3M: Product Portfolio
- Table 52 : Gentherm: Company Snapshot
- Table 53 : Gentherm: Financial Performance, FY 2023 and 2024
- Table 54 : Gentherm: Product Portfolio
- Table 55 : Honeywell International Inc.: Company Snapshot
- Table 56 : Honeywell International Inc.: Financial Performance, FY 2023 and 2024
- Table 57 : Honeywell International Inc.: Product Portfolio
- Table 58 : Alcoa Corp.: Company Snapshot
- Table 59 : Alcoa Corp.: Financial Performance, FY 2023 and 2024
- Table 60 : Alcoa Corp.: Product Portfolio
- Table 61 : Asetek Inc. A/S: Company Snapshot
- Table 62 : Asetek Inc. A/S: Financial Performance, FY 2023 and 2024
- Table 63 : Asetek Inc. A/S: Product Portfolio
- Table 64 : Comair Rotron: Company Snapshot
- Table 65 : Comair Rotron: Product Portfolio
- Table 66 : Altair Engineering Inc.: Company Snapshot
- Table 67 : Altair Engineering Inc.: Financial Performance, FY 2023 and 2024
- Table 68 : Altair Engineering Inc.: Product Portfolio
- Table 69 : Ansys Inc.: Company Snapshot
- Table 70 : Ansys Inc.: Financial Performance, FY 2023 and 2024
- Table 71 : Ansys Inc.: Product Portfolio
- Table 72 : Hexagon AB: Company Snapshot
- Table 73 : Hexagon AB: Financial Performance, FY 2023 and 2024
- Table 74 : Hexagon AB: Product Portfolio
- Table 75 : Ametek Inc.: Company Snapshot
- Table 76 : Ametek Inc.: Financial Performance, FY 2023 and 2024
- Table 77 : Ametek Inc.: Product Portfolio
- Table 78 : Dow: Company Snapshot
- Table 79 : Dow: Financial Performance, FY 2023 and 2024
- Table 80 : Dow: Product Portfolio
- Table 81 : Henkel AG & Co. KGaA: Company Snapshot
- Table 82 : Henkel AG & Co. KGaA: Financial Performance, FY 2023 and 2024
- Table 83 : Henkel AG & Co. KGaA: Product Portfolio
- Table 84 : Parker Hannifin Corp.: Company Snapshot
- Table 85 : Parker Hannifin Corp.: Financial Performance, FY 2023 and 2024
- Table 86 : Parker Hannifin Corp.: Product Portfolio
- Table 87 : Rogers Corp.: Company Snapshot
- Table 88 : Rogers Corp.: Financial Performance, FY 2023 and 2024
- Table 89 : Rogers Corp.: Product Portfolio
- Table 90 : Amkor Technology: Company Snapshot
- Table 91 : Amkor Technology: Financial Performance, FY 2023 and 2024
- Table 92 : Amkor Technology: Product Portfolio
- Table 93 : Materion Corp.: Company Snapshot
- Table 94 : Materion Corp.: Financial Performance, FY 2023 and 2024
- Table 95 : Materion Corp.: Product Portfolio
List of Figures
- Summary Figure : Global Market Shares for TM Technologies, by Region, 2024
- Figure 1 : U.S. Tariff Impact on the Market, From Negative to Positive
- Figure 2 : Thermal Management Technologies Value Chain Analysis
- Figure 3 : Porter's Five Forces Analysis: Global TMT Market
- Figure 4 : Market Dynamics of Thermal Management Technologies
- Figure 5 : Emerging Technologies in TM Systems
- Figure 6 : Share of Published Patents and Patent Applications on TM, by Country/Organization, January 2025-November 2025
- Figure 7 : Global Market Shares for TM Technologies, by Device, 2024
- Figure 8 : Global Market Shares for Convection Cooling Devices in TM Technologies, by Region, 2024
- Figure 9 : Global Market Shares for Conduction Cooling Devices in TM Technologies, by Region, 2024
- Figure 10 : Global Market Shares for Hybrid Cooling Devices in TM Technologies, by Region, 2024
- Figure 11 : Global Market Shares for Advanced Cooling Devices in TM Technologies, by Region, 2024
- Figure 12 : Global Market Shares for TM Technologies, by Product Type, 2024
- Figure 13 : Global Market Shares for TM Technologies, by Application, 2024
- Figure 14 : Global Market Shares for TM Technologies in Consumer Electronic Applications, by Region, 2024
- Figure 15 : Global Market Shares for TM Technologies in Industrial and Military Electronics Applications, by Region, 2024
- Figure 16 : Global Market Shares for TM Technologies in Data Center Applications, by Region, 2024
- Figure 17 : Global Market Shares for TM Technologies in Automotive Applications, by Region,2024
- Figure 18 : Global Market Shares for TM Technologies in Healthcare Applications, by Region, 2024
- Figure 19 : Global Market Shares for TM Technologies in Telecommunications Applications, by Region, 2024
- Figure 20 : Global Market Shares for TM Technologies in Renewable Energy Applications, by Region, 2024
- Figure 21 : Global Market Shares for TM Technologies in Other Applications, by Region, 2024
- Figure 22 : Global Market Shares for TM Technologies, by Region, 2024
- Figure 23 : 3M: Revenue Share, by Business Unit, FY 2024
- Figure 24 : 3M: Revenue Share, by Region, FY 2024
- Figure 25 : Gentherm: Revenue Share, by Business Unit, FY 2024
- Figure 26 : Gentherm: Revenue Share, by Country/Region, FY 2024
- Figure 27 : Honeywell International Inc.: Revenue Share, by Business Unit, FY 2024
- Figure 28 : Honeywell International Inc.: Revenue Share, by Country/Region, FY 2024
- Figure 29 : Alcoa Corp.: Revenue Share, by Business Unit, FY 2024
- Figure 30 : Alcoa Corp.: Revenue Share, by Country/Region, FY 2024
- Figure 31 : Asetek Inc. A/S: Revenue Share, by Business Unit, FY 2024
- Figure 32 : Asetek Inc. A/S: Revenue Share, by Country/Region, FY 2024
- Figure 33 : Altair Engineering Inc.: Revenue Share, by Business Unit, FY 2024
- Figure 34 : Altair Engineering Inc.: Revenue Share, by Country/Region, FY 2024
- Figure 35 : Ansys Inc.: Revenue Share, by Country/Region, FY 2024
- Figure 36 : Hexagon AB: Revenue Share, by Business Unit, FY 2024
- Figure 37 : Hexagon AB: Revenue Share, by Region, FY 2024
- Figure 38 : Ametek Inc.: Revenue Share, by Business Unit, FY 2024
- Figure 39 : Ametek Inc.: Revenue Share, by Country/Region, FY 2024
- Figure 40 : Dow: Revenue Share, by Business Unit, FY 2024
- Figure 41 : Dow: Revenue Share, by Country/Region, FY 2024
- Figure 42 : Henkel AG & Co. KGaA: Revenue Share, by Business Unit, FY 2024
- Figure 43 : Henkel AG & Co. KGaA: Revenue Share, by Region, FY 2024
- Figure 44 : Parker Hannifin Corp.: Revenue Share, by Business Unit, FY 2024
- Figure 45 : Parker Hannifin Corp.: Revenue Share, by Region, FY 2024
- Figure 46 : Rogers Corp.: Revenue Share, by Business Unit, FY 2024
- Figure 47 : Rogers Corp.: Revenue Share, by Region, FY 2024
- Figure 48 : Amkor Technology: Revenue Share, by Country/Region, FY 2024
- Figure 49 : Materion Corp.: Revenue Share, by Business Unit, FY 2024
- Figure 50 : Materion Corp.: Revenue Share, by Country/Region, FY 2024
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