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 & Defense, Automotive Servers and Data Centres Consumer, Electronics, Healthcare), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Thermal management market will reach at an estimated value of USD 9,898.95 million by 2028 and grow at a CAGR of 8.23% in the forecast period of 2021 to 2028. Rise in the requirement for efficient thermal management solutions and systems from electronics is an essential factor driving the thermal management market.
Electronic devices and circuits often produce excess heat. This excess heat, therefore, needs thermal management in an attempt to avoid errors and hence enhance efficiency. Several methods are available to allow thermal management to be carried out, including multiple systems such as conduction cooling equipment, convection cooling machines, sophisticated modeling machines and hybrid cooling systems. Thermal management can be performed for apps such as consumer electronics, computers and data centres, manufacturing, aviation and defense and much more.
Increase in the advances in the electronics industry is a crucial factor accelerating the market growth, also rise in the enhanced use of electronic equipment in distinct end-use sectors and rise in the progressive miniaturisation of electronic instruments are the major factors among others boosting the thermal management market. Moreover, rise in the technological advancements such as the development of synthetic cooling systems and interface materials, increase in the advent of cool chips for thermal management in electronic devices and rise in the demand for natural refrigerants will further create new opportunities for thermal management market in the forecast period mentioned above.
However, design complexities of components used in cooling systems is the major factor among others restraining the market growth, and will further challenge the thermal management market in the forecast period mentioned above.
This thermal management market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on thermal management market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Thermal Management Market Scope and Market Size
Thermal management market is segmented on the basis of material, devices, service and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of material, thermal management market is segmented into adhesive materials and non- adhesive materials.
- Based on devices, thermal management market is segmented into conduction cooling devices, convection cooling devices, advanced cooling devices and hybrid cooling devices.
- Based on service, thermal management market is segmented into installation and calibration, optimization and post-sales support.
- The thermal management market is also segmented on the basis of application into aerospace & defense, automotive servers and data centres consumer, electronics and healthcare.
Thermal Management Market Scope Country Level Analysis
Thermal management market is analysed and market size, volume information is provided by country, material, devices, service and application as referenced above.
The countries covered in the thermal management market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, 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).
Asia-Pacific currently dominates and is expected to witness a high growth in the thermal management market over the forecast period due to rise in the enhanced use of electronic equipment in distinct end-use sectors and rise in the enhanced use of electronic equipment in distinct end-use sectors in this region.
The country section of the thermal management market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts 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
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, regional presence, 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.
The major players covered in thermal management market report are Delta Electronics, Inc., PARKER HANNIFIN CORP, Master Bond Inc., Henkel AG & Co. KGaA, LORD Corporation., Laird, HEATEX AB, Honeywell International Inc., AI Technology, Inc., Miba AG, European Thermodynamics Ltd., Boyd Corporation, ThermoTek, API Heat Transfer, Kelvion Holding GmbH, GENTHERM., Vertiv Group Corp., Aismalibar, INHECO Industrial Heating & Cooling GmbH and Cool Innovations among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Thermal Management Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.