Global Thermal Management Market - Industry Trends and Forecast to 2030

Title:
Global Thermal Management Market
By Materials (Adhesive Materials, Non-Adhesive Materials), Devices (Conduction Cooling Devices, Convection Cooling Devices, Advanced Cooling Devices, Hybrid Cooling Devices), Service (Installation and Calibration, Optimization, Post-Sales Support), Application (Aerospace & Defence, Automotive Servers and Data Centres Consumer, Electronics, Healthcare), Product Type (Software, Hardware, Substrate, Interface) - Industry Trends and Forecast to 2030.

Thermal Management Market Analysis and Size

The rising demand for effective thermal management systems and solutions and also growing usage of electronic devices in numerous end-use industries are likely to enhance the market growth during the forecast period. Furthermore, the on-going radical shrinking of electronic and artificial cooling systems anticipates a market lift in the coming years. The increased demand for natural refrigerants and also the introduction of cool chips for thermal management in electronic devices are foretold to enhance the market growth throughout the forecasted years.

Data Bridge Market Research analyses that the thermal management market was valued at USD 12.21 billion in 2022 and is expected to reach USD 24.51 billion by 2030, registering a CAGR of 9.10% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Global Thermal Management Market Scope

The thermal management market is segmented on the basis of materials, devices, service, application and product type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Materials

• Adhesive Materials
• Non-Adhesive Materials

Devices

• Conduction Cooling Devices
• Convection Cooling Devices
• Advanced Cooling Devices
• Hybrid Cooling Devices

Service

• Installation and Calibration
• Optimization
• Post-Sales Support

Application

• Aerospace & Defence
• Automotive Servers and Data Centres Consumer
• Electronics
• Healthcare

Product Type

• Software
• Hardware
• Substrate
• Interface

Thermal Management Market Regional Analysis/Insights

The thermal management market is analyzed and market size insights and trends are provided by country, materials, devices, service, application and product type as referenced above.

The countries covered in the thermal management market report : U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the thermal management market in terms of revenue and market share. This is mainly owing to increase in the usage of electronic equipment in different end-use in this region.

North America will continue to project the highest growth rate during the forecast period of 2023-2030 due to growing investments in the research and development activities and rising adoption of thermal management solutions in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Thermal Management Market Share Analysis

The thermal management market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to thermal management market.

Some of the major players operating in the thermal management market are: