Product Code: GVR-1-68038-068-2
Thermal Management Technologies Market Growth & Trends:
The global thermal management technologies market size is expected to reach USD 27.75 billion by 2030, registering a CAGR of 10.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The industry is primarily driven by the growth in the emerging trend of miniaturization of electronic devices and components.
Developments in the electronics industry have culminated in a considerable surge in the power densities, which have led to the introduction of smaller, smarter products. These advancements in the industry have led to an increased need for innovative thermal management technologies as they improve the system performance and reliability by avoiding the heat generated by the devices. The electronic packaging trend has increased the performance and reduced the size of the product. This has led to a significant increase in the power consumption of the system.
Advanced technological research is expected to produce more efficient and cost-effective thermal management solutions in the future. The key industry participants are extensively focusing on the development of optimized thermal management solutions that are cost-effective and are applicable across a range of end-use applications. However, the industry is anticipated to witness various issues associated with modularity in designing and reliability of modeling, which are presumed to challenge the growth over the forecast period.
Thermal Management Technologies Market Report Highlights:
- Adhesive material dominated the market and accounted for a share of 59.4% in 2023. As electronic devices become more powerful and compact, there is a growing need for high-performance adhesive materials that can effectively manage heat dissipation.
- Conduction cooling device accounted for the largest market revenue share in 2023. Data centers and high-performance computing (HPC) systems house dense clusters of servers and processors that generate significant amounts of heat.
- Installation & calibration accounted for the largest market revenue share in 2023. The increasing complexity of modern thermal management systems necessitates specialized expertise for proper installation and calibration.
- Consumer electronics segment dominated the market in 2023 due to the progress in the electronics sector. The increasing demand for smaller and more powerful electronic devices has led to higher heat generation within these products.
- North America thermal management technologies market accounted for the largest revenue share of 33.3% in 2023.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Thermal Management Technologies Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Billion)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.4. Thermal Management Technologies Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
Chapter 4. Thermal Management Technologies Market: Material Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Thermal Management Technologies Market: Material Movement Analysis, 2023 & 2030 (USD Billion)
- 4.3. Adhesive Material
- 4.3.1. Adhesive Material Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.4. Non-Adhesive Material
- 4.4.1. Non-Adhesive Material Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Thermal Management Technologies Market: Device Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Thermal Management Technologies Market: Device Movement Analysis, 2023 & 2030 (USD Billion)
- 5.3. Conduction Cooling Device
- 5.3.1. Conduction Cooling Device Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.4. Convection Cooling Device
- 5.4.1. Convection Cooling Device Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.5. Advance Cooling Device
- 5.5.1. Advance Cooling Device Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.6. Others
- 5.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Thermal Management Technologies Market: Service Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Thermal Management Technologies Market: Service Movement Analysis, 2023 & 2030 (USD Billion)
- 6.3. Installation & Calibration
- 6.3.1. Installation & Calibration Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4. Optimization & Post Sales Service
- 6.4.1. Optimization & Post Sales Service Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Thermal Management Technologies Market: End Use Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Thermal Management Technologies Market: End Use Movement Analysis, 2023 & 2030 (USD Billion)
- 7.3. Consumer Electronics
- 7.3.1. Consumer Electronics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4. Service & Data Centers
- 7.4.1. Data Centers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.5. Automotive
- 7.5.1. Automotive Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6. Healthcare
- 7.6.1. Healthcare Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.7. Others
- 7.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 8. Thermal Management Technologies Market: Regional Estimates & Trend Analysis
- 8.1. Thermal Management Technologies Market Share, By Region, 2023 & 2030 (USD Billion)
- 8.2. North America
- 8.2.1. North America Thermal Management Technologies Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.2.2. U.S.
- 8.2.2.1. U.S. Thermal Management Technologies Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.2.3. Canada
- 8.2.3.1. Canada Thermal Management Technologies Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.2.4. Mexico
- 8.2.4.1. Mexico Thermal Management Technologies Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.3. Europe
- 8.3.1. Europe Thermal Management Technologies Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.3.2. U.K.
- 8.3.2.1. U.K. Thermal Management Technologies Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.3.3. Germany
- 8.3.3.1. Germany Thermal Management Technologies Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.3.4. France
- 8.3.4.1. France Thermal Management Technologies Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Thermal Management Technologies Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.2. China
- 8.4.2.1. China Thermal Management Technologies Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.3. Japan
- 8.4.3.1. Japan Thermal Management Technologies Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.4. India
- 8.4.4.1. India Thermal Management Technologies Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.5. South Korea
- 8.4.5.1. South Korea Thermal Management Technologies Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.6. Australia
- 8.4.6.1. Australia Thermal Management Technologies Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.5. Latin America
- 8.5.1. Latin America Thermal Management Technologies Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.5.2. Brazil
- 8.5.2.1. Brazil Thermal Management Technologies Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.6. Middle East and Africa
- 8.6.1. Middle East and Africa Thermal Management Technologies Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.6.2. Saudi Arabia
- 8.6.2.1. Saudi Arabia Thermal Management Technologies Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.6.3. UAE
- 8.6.3.1. UAE Thermal Management Technologies Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.6.4. South Africa
- 8.6.4.1. South Africa Thermal Management Technologies Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 9. Competitive Landscape
- 9.1. Recent Developments & Impact Analysis by Key Market Participants
- 9.2. Company Categorization
- 9.3. Company Heat Map Analysis
- 9.4. Company Profiles
- 9.4.1. Advanced Cooling Technologies, Inc.
- 9.4.1.1. Participant's Overview
- 9.4.1.2. Financial Performance
- 9.4.1.3. Product Benchmarking
- 9.4.1.4. Recent Developments/ Strategic Initiatives
- 9.4.2. Delta Electronics, Inc.
- 9.4.2.1. Participant's Overview
- 9.4.2.2. Financial Performance
- 9.4.2.3. Product Benchmarking
- 9.4.2.4. Recent Developments/ Strategic Initiatives
- 9.4.3. Honeywell International Inc.
- 9.4.3.1. Participant's Overview
- 9.4.3.2. Financial Performance
- 9.4.3.3. Product Benchmarking
- 9.4.3.4. Recent Developments/ Strategic Initiatives
- 9.4.4. Siemens AG
- 9.4.4.1. Participant's Overview
- 9.4.4.2. Financial Performance
- 9.4.4.3. Product Benchmarking
- 9.4.4.4. Recent Developments/ Strategic Initiatives
- 9.4.5. STMicroelectronics
- 9.4.5.1. Participant's Overview
- 9.4.5.2. Financial Performance
- 9.4.5.3. Product Benchmarking
- 9.4.5.4. Recent Developments/ Strategic Initiatives
- 9.4.6. Fujikura Ltd.
- 9.4.6.1. Participant's Overview
- 9.4.6.2. Financial Performance
- 9.4.6.3. Product Benchmarking
- 9.4.6.4. Recent Developments/ Strategic Initiatives
- 9.4.7. Boyd Corporation
- 9.4.7.1. Participant's Overview
- 9.4.7.2. Financial Performance
- 9.4.7.3. Product Benchmarking
- 9.4.7.4. Recent Developments/ Strategic Initiatives
- 9.4.8. Aavid Thermalloy, LLC
- 9.4.8.1. Participant's Overview
- 9.4.8.2. Financial Performance
- 9.4.8.3. Product Benchmarking
- 9.4.8.4. Recent Developments/ Strategic Initiatives
- 9.4.9. Vertiv Holdings Co
- 9.4.9.1. Participant's Overview
- 9.4.9.2. Financial Performance
- 9.4.9.3. Product Benchmarking
- 9.4.9.4. Recent Developments/ Strategic Initiatives
- 9.4.10. Wakefield-Vette, Inc.
- 9.4.10.1. Participant's Overview
- 9.4.10.2. Financial Performance
- 9.4.10.3. Product Benchmarking
- 9.4.10.4. Recent Developments/ Strategic Initiatives