Global Thermal Management Market Growth (Status and Outlook) 2023-2029

Global Thermal Management Market Growth (Status and Outlook) 2023-2029

This report studies the Thermal Management market, Thermal management is the ability to control the temperature and noise level of a system by means of technology based on thermodynamics and heat transfer. Advancements in the electronics industry have led to an increased need for innovative thermal management technologies to improve the system performance and reliability by removing high heat flux generated in the electronic devices.

LPI (LP Information)' newest research report, the “Thermal Management Industry Forecast” looks at past sales and reviews total world Thermal Management sales in 2022, providing a comprehensive analysis by region and market sector of projected Thermal Management sales for 2023 through 2029. With Thermal Management sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Thermal Management industry.

This Insight Report provides a comprehensive analysis of the global Thermal Management landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Thermal Management portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Thermal Management market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Thermal Management and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Thermal Management.

The global Thermal Management market size is projected to grow from US$ 58810 million in 2022 to US$ 77090 million in 2029; it is expected to grow at a CAGR of 3.9% from 2023 to 2029.

Global Thermal Management key players include DENSO, Valeo, MAHLE, Hanon Systems, etc. Global top four manufacturers hold a share about 55%.

China is the largest market, with a share over 25%, followed by United States and EU, both have a share over 40 percent.

In terms of product, Conduction Cooling Devices is the largest segment, with a share about 40%. And in terms of application, the largest application is Automotive, followed by Aerospace and Defense, Servers and Data Centers, Consumer Electronics, Medical Equipment, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Thermal Management market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type

Conduction Cooling Devices

Convection Cooling Devices

Hybrid Cooling Devices

Others

Segmentation by application

Automotive

Aerospace and Defense

Servers and Data Centers

Consumer Electronics

Medical Equipment

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

DENSO

Valeo

MAHLE

Hanon Systems

Honeywell

Vertiv

Gentherm

Delta

Laird

Boyd Corporation

Heatex

European Thermodynamics

Advanced Cooling Technologies

Dau Thermal Solutions

Please note: The report will take approximately 2 business days to prepare and deliver.