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. 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.
This product will be delivered within 1-3 business days.
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.
The leading players in the Thermal Management Technologies market include:
- Advanced Cooling Technologies, Inc.
- Delta Electronics, Inc.
- Honeywell International Inc.
- Siemens AG
- STMicroelectronics
- Fujikura Ltd.
- Boyd Corporation
- Aavid Thermalloy, LLC
- Vertiv Holdings Co
- Wakefield-Vette, Inc.
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
This product will be delivered within 1-3 business days.
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Thermal Management Technologies Market Variables, Trends, & Scope
Chapter 4. Thermal Management Technologies Market: Material Estimates & Trend Analysis
Chapter 5. Thermal Management Technologies Market: Device Estimates & Trend Analysis
Chapter 6. Thermal Management Technologies Market: Service Estimates & Trend Analysis
Chapter 7. Thermal Management Technologies Market: End Use Estimates & Trend Analysis
Chapter 8. Thermal Management Technologies Market: Regional Estimates & Trend Analysis
Chapter 9. Competitive Landscape
Companies Mentioned
The leading players in the Thermal Management Technologies market include:- Advanced Cooling Technologies, Inc.
- Delta Electronics, Inc.
- Honeywell International Inc.
- Siemens AG
- STMicroelectronics
- Fujikura Ltd.
- Boyd Corporation
- Aavid Thermalloy, LLC
- Vertiv Holdings Co
- Wakefield-Vette, Inc.
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | September 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 14.17 Billion |
| Forecasted Market Value ( USD | $ 27.75 Billion |
| Compound Annual Growth Rate | 10.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
