Europe Thermal Management Technologies Market Size, Share & Trends Analysis Report By Material (Adhesive Material, and Non-adhesive Material), By Device, By Service, By End-use, By Country and Growth Forecast, 2024 - 2031
The Europe Thermal Management Technologies Market would witness market growth of 9.7% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Thermal Management Technologies Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,872.5 million by 2031. The UK market is exhibiting a CAGR of 8.8% during (2024 - 2031). Additionally, The France market would experience a CAGR of 10.5% during (2024 - 2031).
The increasing miniaturization of electronic devices, coupled with the rising power densities of modern components, has made thermal management more challenging than ever. In the consumer electronics sectors, smartphones, laptops, and wearables are becoming smaller and more powerful, generating higher heat levels in increasingly compact spaces.
Moreover, traditional cooling methods like fans and heat sinks are being pushed to their limits. Manufacturers are now turning to more advanced solutions, such as phase-change materials and graphene-based technologies, which offer superior thermal conductivity in smaller packages. However, the high cost of these materials poses a significant challenge, limiting their adoption in price-sensitive industries.
The European automotive sector is pivotal in driving the demand for thermal management technologies across the region as countries invest heavily in electric vehicles (EVs), emissions reductions, and advanced manufacturing processes. This growth necessitates sophisticated cooling solutions to handle the increased thermal load of electric batteries, power electronics, and internal combustion engines in hybrid vehicles.
Based on Material, the market is segmented into Adhesive Material, and Non-adhesive Material. Based on Device, the market is segmented into Conduction Cooling Device, Convection Cooling Devices, Advanced Cooling Devices, and Other Device. Based on Service, the market is segmented into Installation & Calibration, and Optimization & Post Sales Service. Based on End-use, the market is segmented into Consumer Electronics, Service & Data Centers, Automotive, Healthcare, and Other End-use. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Schneider Electric SE
- Delta Electronics, Inc.
- Honeywell International Inc.
- Siemens AG
- STMicroelectronics N.V.
- 3M Company
- Vertiv Holdings Co.
- Eaton Corporation plc
- ANSYS, Inc.
- Parker Hannifin Corporation
By Material
- Adhesive Material
- Non-adhesive Material
- Conduction Cooling Device
- Convection Cooling Devices
- Advanced Cooling Devices
- Other Device
- Installation & Calibration
- Optimization & Post Sales Service
- Consumer Electronics
- Service & Data Centers
- Automotive
- Healthcare
- Other End-use
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Thermal Management Technologies Market, by Material
- 1.4.2 Europe Thermal Management Technologies Market, by Device
- 1.4.3 Europe Thermal Management Technologies Market, by Service
- 1.4.4 Europe Thermal Management Technologies Market, by End-use
- 1.4.5 Europe Thermal Management Technologies Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.2.4 Geographical Expansion
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2021, Jun – 2024, Jul) Leading Players
- 4.5 Porter Five Forces Analysis
- Chapter 5. Europe Thermal Management Technologies Market by Material
- 5.1 Europe Adhesive Material Market by Country
- 5.2 Europe Non-adhesive Material Market by Country
- Chapter 6. Europe Thermal Management Technologies Market by Device
- 6.1 Europe Conduction Cooling Device Market by Country
- 6.2 Europe Convection Cooling Devices Market by Country
- 6.3 Europe Advanced Cooling Devices Market by Country
- 6.4 Europe Other Device Market by Country
- Chapter 7. Europe Thermal Management Technologies Market by Service
- 7.1 Europe Installation & Calibration Market by Country
- 7.2 Europe Optimization & Post Sales Service Market by Country
- Chapter 8. Europe Thermal Management Technologies Market by End-use
- 8.1 Europe Consumer Electronics Market by Country
- 8.2 Europe Service & Data Centers Market by Country
- 8.3 Europe Automotive Market by Country
- 8.4 Europe Healthcare Market by Country
- 8.5 Europe Other End-use Market by Country
- Chapter 9. Europe Thermal Management Technologies Market by Country
- 9.1 Germany Thermal Management Technologies Market
- 9.1.1 Germany Thermal Management Technologies Market by Material
- 9.1.2 Germany Thermal Management Technologies Market by Device
- 9.1.3 Germany Thermal Management Technologies Market by Service
- 9.1.4 Germany Thermal Management Technologies Market by End-use
- 9.2 UK Thermal Management Technologies Market
- 9.2.1 UK Thermal Management Technologies Market by Material
- 9.2.2 UK Thermal Management Technologies Market by Device
- 9.2.3 UK Thermal Management Technologies Market by Service
- 9.2.4 UK Thermal Management Technologies Market by End-use
- 9.3 France Thermal Management Technologies Market
- 9.3.1 France Thermal Management Technologies Market by Material
- 9.3.2 France Thermal Management Technologies Market by Device
- 9.3.3 France Thermal Management Technologies Market by Service
- 9.3.4 France Thermal Management Technologies Market by End-use
- 9.4 Russia Thermal Management Technologies Market
- 9.4.1 Russia Thermal Management Technologies Market by Material
- 9.4.2 Russia Thermal Management Technologies Market by Device
- 9.4.3 Russia Thermal Management Technologies Market by Service
- 9.4.4 Russia Thermal Management Technologies Market by End-use
- 9.5 Spain Thermal Management Technologies Market
- 9.5.1 Spain Thermal Management Technologies Market by Material
- 9.5.2 Spain Thermal Management Technologies Market by Device
- 9.5.3 Spain Thermal Management Technologies Market by Service
- 9.5.4 Spain Thermal Management Technologies Market by End-use
- 9.6 Italy Thermal Management Technologies Market
- 9.6.1 Italy Thermal Management Technologies Market by Material
- 9.6.2 Italy Thermal Management Technologies Market by Device
- 9.6.3 Italy Thermal Management Technologies Market by Service
- 9.6.4 Italy Thermal Management Technologies Market by End-use
- 9.7 Rest of Europe Thermal Management Technologies Market
- 9.7.1 Rest of Europe Thermal Management Technologies Market by Material
- 9.7.2 Rest of Europe Thermal Management Technologies Market by Device
- 9.7.3 Rest of Europe Thermal Management Technologies Market by Service
- 9.7.4 Rest of Europe Thermal Management Technologies Market by End-use
- Chapter 10. Company Profiles
- 10.1 Schneider Electric SE
- 10.1.1 Company Overview
- 10.1.2 Financial Analysis
- 10.1.3 Segmental and Regional Analysis
- 10.1.4 Research & Development Expense
- 10.1.5 Recent strategies and developments:
- 10.1.5.1 Geographical Expansions:
- 10.1.6 SWOT Analysis
- 10.2 Delta Electronics, Inc.
- 10.2.1 Company Overview
- 10.2.2 Financial Analysis
- 10.2.3 Segmental and Regional Analysis
- 10.2.4 Research & Development Expenses
- 10.2.5 Recent strategies and developments:
- 10.2.5.1 Partnerships, Collaborations, and Agreements:
- 10.2.5.2 Product Launches and Product Expansions:
- 10.2.5.3 Acquisition and Mergers:
- 10.2.5.4 Geographical Expansions:
- 10.3 Honeywell International, Inc.
- 10.3.1 Company Overview
- 10.3.2 Financial Analysis
- 10.3.3 Segmental and Regional Analysis
- 10.3.4 Research & Development Expenses
- 10.3.5 Recent strategies and developments:
- 10.3.5.1 Partnerships, Collaborations, and Agreements:
- 10.3.5.2 Product Launches and Product Expansions:
- 10.3.5.3 Acquisition and Mergers:
- 10.3.6 SWOT Analysis
- 10.4 Siemens AG
- 10.4.1 Company Overview
- 10.4.2 Financial Analysis
- 10.4.3 Segmental and Regional Analysis
- 10.4.4 Research & Development Expense
- 10.4.5 Recent strategies and developments:
- 10.4.5.1 Product Launches and Product Expansions:
- 10.4.6 SWOT Analysis
- 10.5 STMicroelectronics N.V.
- 10.5.1 Company Overview
- 10.5.2 Financial Analysis
- 10.5.3 Segmental and Regional Analysis
- 10.5.4 Research & Development Expenses
- 10.5.5 SWOT Analysis
- 10.6 3M Company
- 10.6.1 Company Overview
- 10.6.2 Financial Analysis
- 10.6.3 Segmental and Regional Analysis
- 10.6.4 Research & Development Expense
- 10.6.5 Recent strategies and developments:
- 10.6.5.1 Product Launches and Product Expansions:
- 10.6.6 SWOT Analysis
- 10.7 Vertiv Holdings Co.
- 10.7.1 Company Overview
- 10.7.2 Financial Analysis
- 10.7.3 Regional Analysis
- 10.7.4 Recent strategies and developments:
- 10.7.4.1 Partnerships, Collaborations, and Agreements:
- 10.7.4.2 Product Launches and Product Expansions:
- 10.7.4.3 Acquisition and Mergers:
- 10.7.4.4 Geographical Expansions:
- 10.8 Eaton Corporation PLC
- 10.8.1 Company Overview
- 10.8.2 Financial Analysis
- 10.8.3 Segmental and Regional Analysis
- 10.8.4 Research & Development Expense
- 10.8.5 Recent strategies and developments:
- 10.8.5.1 Partnerships, Collaborations, and Agreements:
- 10.8.5.2 Acquisition and Mergers:
- 10.8.6 SWOT Analysis
- 10.9 ANSYS, Inc.
- 10.9.1 Company Overview
- 10.9.2 Financial Analysis
- 10.9.3 Regional Analysis
- 10.9.4 Research & Development Expenses
- 10.9.5 Recent strategies and developments:
- 10.9.5.1 Partnerships, Collaborations, and Agreements:
- 10.9.6 SWOT Analysis
- 10.10. Parker Hannifin Corporation
- 10.10.1 Company Overview
- 10.10.2 Financial Analysis
- 10.10.3 Segmental and Regional Analysis
- 10.10.4 Research & Development Expenses
- 10.10.5 Recent strategies and developments:
- 10.10.5.1 Product Launches and Product Expansions:
- 10.10.5.2 Acquisition and Mergers:
- 10.10.6 SWOT Analysis
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook