Global Thermal Management Market, By Offering (Devices, Software and Services), End-User (Automotive, Data Centers and Servers, Consumer Electronics, Healthcare, Enterprise, Aerospace and Defense, Telecom, Renewable Energy, Food and Beverages and Others) - Industry Trends and Forecast to 2030.
Thermal Management Market Analysis and Insights
Global thermal management market is expected to gain market growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing at a CAGR of 8.8% in the forecast period of 2023 to 2030 and expected to reach USD 14,639,766.13 thousand by 2030.
Global thermal management market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customisable to 2020-2015)
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Quantitative Units
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Revenue in USD Thousand
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Segments Covered
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By Offering (Devices, Software and Services), End-User (Automotive, Data Centers and Servers, Consumer Electronics, Healthcare, Enterprise, Aerospace and Defense, Telecom, Renewable Energy, Food and Beverages and others)
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Region Covered
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U.S., Canada, Mexico, Germany, U.K., France, Italy, Russia, Switzerland, Spain, Belgium, Turkey, Denmark, Sweden, Poland, Netherlands, Rest of Europe, China, Japan, India, Taiwan, Singapore, Thailand, Malaysia, Indonesia, South Korea, Australia & New Zealand, Vietnam, Philippines and Rest of Asia-Pacific, Saudi Arabia, United Arab Emirates, South Africa, Qatar, Egypt, Israel, Kuwait and Rest of Middle East and Africa, Brazil, Argentina and Rest of South America
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Market Players Covered
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Delta Electronics, Inc., ebm-papst, Honeywell International Inc., Vertiv Group Corp, Boyd, Siemens, Henkel AG & Co., KGaA, PARKER HANNIFIN CORP, Laird Thermal Systems, Inc, TAT Technologies Ltd., European Thermodynamics Ltd., Autoneum, AI Technology, Inc., Danfoss, JARO Thermal, Inc., GENTHERM, Kelvion Holding GmbH, Valeo, Miba AG (DAU GmbH & Co KG), Robert Bosch GmbH, Schneider Electric, DENSO CORPORATION, KONTRON AG, MAHLE GmbH, Pentair, NIDEC CORPORATION, FURUKAWA ELECTRIC CO., LTD. and C&H Technology, Inc., among others
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Market Definition
Thermal management is the capability to maintain a system's temperature by using technologies based on heat transfer and thermodynamics. All electronic circuitry and devices need thermal management to minimize early failure and improve reliability. The rate of temperature output is equivalent to power input if there are not any other energy exchanges. Thermal management materials are a varied group of products developed to proficiently dissipate heat in electronic applications.
Recent Developments
- In Jan 2023, Siemens Digital industries software announced that General Atomics Aeronautical Systems, Inc. (GA-ASI) had adopted the Siemens Xcelerator portfolio, which contains software and services for its digital transformation.
- In Jan 2023, Autoneum signed an agreement to acquire the automotive business of Borgers. The deal is excepted to close in April 2023 with antitrust clearance
Global Thermal Management Market Scope and Market Size
Global thermal management market is categorized into by offering and by end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of by offering, the market is segmented into devices, software and services.
By Offering
- Devices
- Software
- Services
On the basis of by offering, the market is segmented into devices, software and services.
By End-User
- Automotive
- Data Centers and Servers
- Consumer Electronics
- Healthcare
- Enterprise
- Aerospace and Defense
- Telecom
- Renewable Energy
- Food and Beverages
- Others
On the basis of by end-user, the market is segmented into automotive, data centers and servers, consumer electronics, healthcare, enterprise, aerospace and defense, telecom, renewable energy, food and beverages and others.
Global Thermal Management Market Regional/Country Level Analysis
Global thermal management market is analysed and market size information is provided by region, by offering and end-user as referenced above.
Countries covered are U.S., Canada, Mexico, Germany, U.K., France, Italy, Russia, Switzerland, Spain, Belgium, Turkey, Denmark, Sweden, Poland, Netherlands, Rest of Europe, China, Japan, India, Taiwan, Singapore, Thailand, Malaysia, Indonesia, South Korea, Australia & New Zealand, Vietnam, Philippines and Rest of Asia-Pacific, Saudi Arabia, United Arab Emirates, South Africa, Qatar, Egypt, Israel, Kuwait and Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.
Asia-Pacific is expected to be highest growing region in terms of compound annual growth rate.
The country section of the report also provides individual market impacting factors and changes in regulations in the market that impact the current and future trends of the market. Data points, such as new and replacement sales, country demographics, disease epidemiology, and import-export tariffs, are some of the major pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of global brands and their challenges faced due to high competition from local and domestic brands, and impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Thermal Management Market Share Analysis
Global thermal management market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to thermal management market.
The major players covered in the report are Delta Electronics, Inc., ebm-papst, Honeywell International Inc., Vertiv Group Corp, Boyd, Siemens, Henkel AG & Co., KGaA, PARKER HANNIFIN CORP, Laird Thermal Systems, Inc, TAT Technologies Ltd., European Thermodynamics Ltd., Autoneum, AI Technology, Inc., Danfoss, JARO Thermal, Inc., GENTHERM, Kelvion Holding GmbH, Valeo, Miba AG (DAU GmbH & Co KG), Robert Bosch GmbH, Schneider Electric, DENSO CORPORATION, KONTRON AG, MAHLE GmbH, Pentair, NIDEC CORPORATION, FURUKAWA ELECTRIC CO., LTD. and C&H Technology, Inc., among others
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