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At a CAGR of 10.1% from 2023 to 2030, the global thermal management market size is anticipated to grow to USD 22.15 billion by 2030.
Thermal management is the process of regulating and controlling the heat produced by electrical systems and devices in order to keep them within the ideal operating temperature range. For electrical components to be reliable, performant, and long-lasting, effective thermal management is essential. In order to disperse surplus heat and maintain temperature equilibrium, a variety of approaches are used, including heat sinks, fans, thermal interface materials, and liquid cooling systems. Thermal management has become a crucial component of design and engineering due to the growing power densities and miniaturisation of electronic devices. It is essential for controlling overheating, lowering energy use, and improving overall system effectiveness. Effective thermal management guarantees the safe and dependable operation of electronic devices in a variety of applications and helps prevent thermally-induced failures.
This study classifies the thermal management market into numerous geographies and market segments, projects revenue growth, and examines trends in each submarket. The research examines the major market-influencing growth factors, prospects, and difficulties. The competitive landscape in the market has been depicted by including recent market developments and competitive tactics including growth, product launch and development, partnerships, mergers, and acquisitions. The key market players are strategically identified, profiled, and their core competencies in each of the thermal management market's sub-segments are analysed in the study.
Driving Factors
The market for thermal management is driven by a number of factors, including the rising need for electronic devices with higher power densities and miniaturisation, which has increased heat generation and called for effective thermal management solutions. There is an increased demand for thermal management technologies that can efficiently dissipate heat and save energy usage across a variety of industries, including automotive, aerospace, and consumer electronics. The demand for thermal management solutions has increased as a result of the growing popularity of data centres and cloud computing in order to maintain ideal temperatures and prevent networking and server overheating.
Restraining Factors
The high cost of sophisticated thermal management solutions and technologies can be a significant hurdle, especially for small and medium-sized organisations, and may act as a limitation on the thermal management market's growth. Additionally, manufacturers may encounter difficulties due to the intricate design and integration requirements of thermal management technologies. Moreover, it is critical for businesses to stay current and invest in research and development, which can be resource-intensive, due to the quick speed of technology breakthroughs and shifting market norms. Overall, the growing use of alternative cooling techniques like immersion cooling and direct liquid cooling could put existing thermal management methods under pressure and slow market expansion.
Report Coverage
Global Thermal Management research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Thermal Management report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Thermal Management competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Thermal Management market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Thermal Management market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Thermal Management market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Henkel, Honeywell International Inc., Vertiv Co., Delta Electronics, Inc., Parker Chomerics, TAT Technologies Ltd., Boyd, European Thermodynamics Ltd., Laird Thermal Systems, Etitive Landscape, Advanced Cooling Technologies Inc., Gentherm Inc., Autoneum Holding AG, Sapa Extrusions Inc., AllCell Technologies, Thermacore Inc., Pentair Thermal Management , Outlast Technologies LLC
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Thermal Management market based on the below-mentioned segments:
Global Thermal Management Market, By Material Type
Global Thermal Management market, By Device
Global Thermal Management Market, By End User
Global Thermal Management market, Regional Analysis
Thermal management is the process of regulating and controlling the heat produced by electrical systems and devices in order to keep them within the ideal operating temperature range. For electrical components to be reliable, performant, and long-lasting, effective thermal management is essential. In order to disperse surplus heat and maintain temperature equilibrium, a variety of approaches are used, including heat sinks, fans, thermal interface materials, and liquid cooling systems. Thermal management has become a crucial component of design and engineering due to the growing power densities and miniaturisation of electronic devices. It is essential for controlling overheating, lowering energy use, and improving overall system effectiveness. Effective thermal management guarantees the safe and dependable operation of electronic devices in a variety of applications and helps prevent thermally-induced failures.
This study classifies the thermal management market into numerous geographies and market segments, projects revenue growth, and examines trends in each submarket. The research examines the major market-influencing growth factors, prospects, and difficulties. The competitive landscape in the market has been depicted by including recent market developments and competitive tactics including growth, product launch and development, partnerships, mergers, and acquisitions. The key market players are strategically identified, profiled, and their core competencies in each of the thermal management market's sub-segments are analysed in the study.
Driving Factors
The market for thermal management is driven by a number of factors, including the rising need for electronic devices with higher power densities and miniaturisation, which has increased heat generation and called for effective thermal management solutions. There is an increased demand for thermal management technologies that can efficiently dissipate heat and save energy usage across a variety of industries, including automotive, aerospace, and consumer electronics. The demand for thermal management solutions has increased as a result of the growing popularity of data centres and cloud computing in order to maintain ideal temperatures and prevent networking and server overheating.
Restraining Factors
The high cost of sophisticated thermal management solutions and technologies can be a significant hurdle, especially for small and medium-sized organisations, and may act as a limitation on the thermal management market's growth. Additionally, manufacturers may encounter difficulties due to the intricate design and integration requirements of thermal management technologies. Moreover, it is critical for businesses to stay current and invest in research and development, which can be resource-intensive, due to the quick speed of technology breakthroughs and shifting market norms. Overall, the growing use of alternative cooling techniques like immersion cooling and direct liquid cooling could put existing thermal management methods under pressure and slow market expansion.
Report Coverage
Global Thermal Management research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Thermal Management report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Thermal Management competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Thermal Management market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Henkel, Honeywell International Inc., Vertiv Co., Delta Electronics, Inc., Parker Chomerics, TAT Technologies Ltd., Boyd, European Thermodynamics Ltd., Laird Thermal Systems, Etitive Landscape, Advanced Cooling Technologies Inc., Gentherm Inc., Autoneum Holding AG, Sapa Extrusions Inc., AllCell Technologies, Thermacore Inc., Pentair Thermal Management , Outlast Technologies LLC |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Thermal Management Market from 2021 to 2030.
- Market Forecast for Thermal Management Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Thermal Management competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Thermal Management
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Thermal Management market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Thermal Management market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Henkel, Honeywell International Inc., Vertiv Co., Delta Electronics, Inc., Parker Chomerics, TAT Technologies Ltd., Boyd, European Thermodynamics Ltd., Laird Thermal Systems, Etitive Landscape, Advanced Cooling Technologies Inc., Gentherm Inc., Autoneum Holding AG, Sapa Extrusions Inc., AllCell Technologies, Thermacore Inc., Pentair Thermal Management , Outlast Technologies LLC
Primary Target Market
- Market Players of Thermal Management
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Thermal Management market based on the below-mentioned segments:
Global Thermal Management Market, By Material Type
- Adhesive Materials
- Non-adhesive Materials
Global Thermal Management market, By Device
- Conduction Cooling Devices
- Convection Cooling Devices
- Advanced Cooling Devices
- Hybrid Cooling Devices
Global Thermal Management Market, By End User
- Consumer Electronics
- Servers & Data Centers
- Automotive
- Aerospace & Defense
- Enterprises
- Healthcare
Global Thermal Management market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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