Global Thermal Management Systems Market Growth (Status and Outlook) 2025-2031

Global Thermal Management Systems Market Growth (Status and Outlook) 2025-2031

The global Thermal Management Systems market size is predicted to grow from US$ 2654 million in 2025 to US$ 4136 million in 2031; it is expected to grow at a CAGR of 7.7% from 2025 to 2031.

A thermal management system involves controlling temperature through technology. This technology is based on thermodynamics and heat transfer.

Parker Hannifin Corp was the global largest producer in 2018, accounted for over 9% market share in the global market.

LPI (LP Information)' newest research report, the “Thermal Management Systems Industry Forecast” looks at past sales and reviews total world Thermal Management Systems sales in 2024, providing a comprehensive analysis by region and market sector of projected Thermal Management Systems sales for 2025 through 2031. With Thermal Management Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Thermal Management Systems industry.

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

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Thermal Management Systems 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 Systems.

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

Segmentation by Type:
Air Cycle Refrigeration Technology
Vapor Cycle Refrigeration Technology

Segmentation by Application:
Military
Aerospace
Shipping
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.
Collins Aerospace
Parker Hannifin Corp
Meggitt
AMETEK
Honeywell International
Advanced Cooling Technologies
Boyd
Sumitomo Precision Products