HOME Top Market Reports Thermal Management Market by Material Type (Adhesive, Non-Adhesive), Devices (Conduction, Convection, Advanced, Hybrid), Service (Installation & Calibration, Optimization & Post Sales), End-Use Application - Global Forecast to 2022

Thermal Management Market by Material Type (Adhesive, Non-Adhesive), Devices (Conduction, Convection, Advanced, Hybrid), Service (Installation & Calibration, Optimization & Post Sales), End-Use Application - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: May 2017
Report Code: SE 5290

 

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The thermal management market was valued at USD 8.99 Billion in 2016 and is estimated to reach USD 14.24 Billion by 2022, at a CAGR of 7.91% during the forecast period. The base year used for this study is 2016, and the forecast period considered is between 2017 and 2022.

The objectives of the study are as follows:

  • To define, describe, and forecast the thermal management market on the basis of material type, device, service, end-use application, and geography
  • To forecast the market size of the various segments, in terms of value, with respect to four main regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total market
  • To strategically profile key players and comprehensively analyze their market shares and core competencies along with detailing the competitive landscape for market leaders
  • To analyze competitive developments such as agreements, contracts, partnerships, mergers and acquisitions, and product launches and developments in the thermal management market

The research methodology used to estimate and forecast the thermal management market begins with obtaining data on key vendor revenues through secondary research. Some of the secondary sources used in this research include various journals and databases such as OICA, UNODA, IEEE journals, Factiva, Hoovers, and OneSource. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the market from the revenues of the key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been further verified through primary research by extensively interviewing the key officials in the industry, such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primaries has been depicted in the figure below:

Thermal Management Market

To know about the assumptions considered for the study, download the pdf brochure

The thermal management ecosystem comprises the manufacturing, technology, and service vendors such as Honeywell International Inc. (US), Aavid Thermalloy LLC (US), Vertiv Co (US), European Thermodynamics Ltd (UK), Master Bond Inc.(US), Laird PLC (UK), Henkel AG & Company, KGaA (Germany), Delta Electronics, Inc. (Taiwan), Advanced Cooling Technologies, Inc. (US), Dau Thermal Solutions Inc. (US), Amerasia International (AI) Technology Inc.(US), Heatex Ab (Sweden), Lord Corporation (US), and Parker Chomerics (US), catering to end users according to their specific requirements.

The Target Audience:

  • Semiconductor foundries
  • Original equipment manufacturers (OEMs)—application or electronic product manufacturers
  • Original design manufacturer (ODM) and OEMs technology solution providers
  • Automotive manufacturers
  • Thermal management forums, alliances, and associations
  • Technology investors
  • Small and large health centers
  • Printed circuit board (PCB) designers and manufacturer
  • Research organizations
  • Distributors, resellers, and traders
  • Venture capitalists, private equity firms, and start-up companies

“The study answers several questions for the target audiences, primarily which market segments to focus on in next two to five years for prioritizing the efforts and investments.

Report Scope:

In this report, the thermal management market has been segmented into the following categories:

Thermal Management Market, by Material Type:

  • Adhesive Material
  • Nonadhesive Material

Thermal Management Market, by Device:

  • Conduction Cooling Devices
  • Convection Cooling Devices
  • Advanced Cooling Devices
  • Hybrid Cooling Devices

Thermal Management Market, by End-User Application:

  • Aerospace and Defense
  • Automotive
  • Servers and Data Centers
  • Consumer Electronics
  • Medical Equipment

Thermal Management Market, by Geography:

  • North America (US, Canada, and Mexico)
  • Europe (UK, Germany, France, and Others)
  • Asia-Pacific (Japan, China, South Korea, India, and Others)
  • Rest of the World (South America, and Middle East and Africa)

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for This Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Secondary Data
           2.1.1 Secondary Sources
    2.2 Primary Data
           2.2.1 Key Data From Primary Sources
           2.2.2 Key Industry Insights
    2.3 Market Size Estimation
    2.4 Market Breakdown and Data Triangulation
           2.4.1 Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 35)
    4.1 Attractive Growth Opportunities in the Thermal Management Market
    4.2 Thermal Management , By End-Use Application
    4.3 Thermal Management , By Device and Region
    4.4 Market, By Service
    4.5 Market, By Country

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Market Dynamics
    5.3 Drivers
           5.3.1 Rising Demand for Thermal Management in Consumer Electronics
           5.3.2 Growing Application Arena
           5.3.3 Radical Miniaturization of Electronic Devices
    5.4 Restraint
           5.4.1 Design Complexities in Components Used in Thermal Management
    5.5 Opportunities
           5.5.1 Technological Advancements Such as Synthetic Cooling Methods and Interface Materials
           5.5.2 Thermal Management in Electronic Devices Through Cool Chips
    5.6 Challenge
           5.6.1 Managing Heat Dissipation in Computing and Networking Devices

6 Industry Trends (Page No. - 45)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Thermal Management Standards and Regulations
           6.3.1 Codes and Standards Related to Thermal Management
    6.4 Industry Trends
    6.5 Start-Up Scenario
           6.5.1 Start-Up Companies and Investors Scenario
                    6.5.1.1 Start-Up Companies

7 Thermal Management Market, By Material Type (Page No. - 51)
    7.1 Introduction
    7.2 Adhesive Materials
           7.2.1 Thermal Tapes
           7.2.2 Films
                    7.2.2.1 Thermally Conductive Films
                    7.2.2.2 Electrically Conductive Films
           7.2.3 Adhesive Liquids
                    7.2.3.1 Heat Cure Liquid
                    7.2.3.2 Room Temperature Cure
    7.3 Nonadhesive Materials
           7.3.1 Thermal Pads
           7.3.2 Gap Fillers
           7.3.3 Phase Change Materials
           7.3.4 Grease

8 Thermal Management Market, By Device (Page No. - 62)
    8.1 Introduction
    8.2 Conduction Cooling Devices
           8.2.1 Wedge Locks
           8.2.2 Potting Materials
    8.3 Convection Cooling Devices
           8.3.1 Heat Sinks
           8.3.2 Heat Spreaders
           8.3.3 Forced Air and Natural Cooling Devices
           8.3.4 Heat Pumps
    8.4 Advanced Cooling Devices
           8.4.1 Direct Immersion Cooling
           8.4.2 Microchannel Cooling
           8.4.3 Cold Plates
           8.4.4 Others
    8.5 Hybrid Cooling Devices
           8.5.1 Electrowetting
           8.5.2 Spot Coolers
           8.5.3 Vapor Chambers
           8.5.4 Compact Heat Exchangers
           8.5.5 Thermoelectric Cooling
           8.5.6 Others

9 Thermal Management Market Analysis, By End-Use Application (Page No. - 69)
    9.1 Introduction
    9.2 Consumer Electronics
           9.2.1 Laptops and Computers
           9.2.2 Audio Amplifier Components
           9.2.3 Power Supply Units
           9.2.4 Gaming Devices
    9.3 Servers and Data Centers
           9.3.1 Single Racks
           9.3.2 Multi Racks
    9.4 Automotive
           9.4.1 Battery Thermal Management
                    9.4.1.1 Hybrid Electric Vehicle
                    9.4.1.2 Plug-In Electric Vehicle(PHEV)
           9.4.2 Engine Control Thermal Management Systems
           9.4.3 Waste Heat Recovery and Emissions Reduction Systems
           9.4.4 Brake and Suspension Cooling Systems
           9.4.5 Seat Heating and Cooling Systems
           9.4.6 Automotive Led Lightning Systems
    9.5 Aerospace and Defense
    9.6 Healthcare
           9.6.1 Large Infrastructure Equipment
           9.6.2 Portable Equipment

10 Thermal Management Market, By Service (Page No. - 89)
     10.1 Introduction
     10.2 Installation and Calibration
     10.3 Optimization and Post-Sales Support

11 Geographic Analysis (Page No. - 93)
     11.1 Introduction
     11.2 North America
             11.2.1 U.S.
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Europe
             11.3.1 UK
             11.3.2 Germany
             11.3.3 France
             11.3.4 Rest of Europe
     11.4 Asia Pacific
             11.4.1 Japan
             11.4.2 China
             11.4.3 South Korea
             11.4.4 India
             11.4.5 Rest of APAC
     11.5 Rest of the World

12 Competitive Landscape (Page No. - 112)
     12.1 Overview
     12.2 Key Players in Thermal Management Market
     12.3 Dive Chart Analysis
             12.3.1 Vanguard
             12.3.2 Dynamic
             12.3.3 Innovator
             12.3.4 Emerging
     12.4 Product Offering Scorecard (For 25 Companies)
     12.5 Business Strategy Scorecard (For 25 Companies)
*Top 15 Companies Analyzed for This Study are - Aavid Thermalloy LLC, Honeywell International Inc., European Thermodyamics, Kelvion Holdings GmbH, Master Bond Inc., Advanced Cooling Systems, Vertix Co., Dau Thermal, Solutions Inc., Heatex Inc., Henkel Corp, Gunter AG & Co. Kg, Cryomech, Inc., Vette Corp, Parker Chomerics, AI Technology, Hamon & Cie International S.A., Lord Corporation, Lairdtech, API Heat Transfer Inc., Danfoss S.A., Spx Corporation, Momentive Performance Materials, Chart Industries, Inc., Brooks Automation, Inc., Sunpower, Inc.
     12.6 Competitive Situations and Trends
             12.6.1 Product Launches and Developments
             12.6.2 Partnerships, Collaborations, and AGreements
             12.6.3 Mergers and Acquisitions
             12.6.4 Others

13 Company Profiles (Page No. - 122)
(Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View)*
     13.1 Introduction
     13.2 Honeywell International Inc.
     13.3 Aavid Thermalloy LLC.
     13.4 Vertiv Co.
     13.5 European Thermodynamics Ltd.
     13.6 Master Bond Inc.
     13.7 Laird PLC 
     13.8 Henkel AG & Company, KGaA
     13.9 Delta Electronics, Inc.
     13.10 Advanced Cooling Technologies, Inc.
     13.11 Dau Thermal Solutions Inc
     13.12 Amerasia International (AI) Technology Inc.
     13.13 Heatex AB
     13.14 Lord Corporation
     13.15 Parker Chomerics

*Details on Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Key Innovators (Page No. - 159)
     14.1 Overview
     14.2 API Heat Transfer
             14.2.1 Company Overview
     14.3 Thermotek
             14.3.1 Company Overview
     14.4 Jaro Thermal
             14.4.1 Company Overview

15 Appendix (Page No. - 161)
     15.1 Insights of Industry Experts
     15.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.3 Introducing RT: Real-Time Market Intelligence
     15.4 Available Customizations
     15.5 Related Report
     15.6 Author Details


List of Tables (65 Tables)

Table 1 Market, By Material Type, 2014–2022 (USD Million)
Table 2 Market, By Adhesive Material, 2014–2022 (USD Million)
Table 3 Thermal Management Market for Tapes, By End-Use Application, 2014–2022 (USD Million)
Table 4 Market for Adhesive Films, By End-Use Application, 2014–2022 (USD Million)
Table 5 Market for Adhesive Liquids, By End-Use Application, 2014–2022 (USD Million)
Table 6 Market, By Non-Adhesive Material, 2014–2022 (USD Million)
Table 7 Market for Thermal Pads, By End-Use Application, 2014–2022 (USD Million)
Table 8 Thermal Management Market for Gap Fillers, By End-Use Application, 2014–2022 (USD Million)
Table 9 Market for Phase Change Materials, By End-Use Application, 2014–2022 (USD Million)
Table 10 Market for Grease, By End-Use Application, 2014–2022 (USD Million)
Table 11 Market, By Device, 2014–2022 (USD Million)
Table 12 Thermal Management Market, By End-Use Application, 2014–2022 (USD Million)
Table 13 Thermal Management for Consumer Electronics, By Region, 2014–2022 (USD Million)
Table 14 Thermal Management for Consumer Electronics in North America, By Country, 2014–2022 (USD Million)
Table 15 Thermal Management for Consumer Electronics in Europe, 2014–2022 (USD Million)
Table 16 Thermal Management for Consumer Electronics in APAC, By Country, 2014–2022 (USD Million)
Table 17 Thermal Management for Servers and Data Centers, By Data Center Type, 2014–2022 (USD Million)
Table 18 Thermal Management for Servers and Data Centers, By Region, 2014–2022 (USD Million)
Table 19 Market for Servers and Data Centers in North America, By Country, 2014–2022 (USD Million)
Table 20 Thermal Management Market for Servers and Data Centers in Europe, By Country, 2014–2022 (USD Million)
Table 21 Market for Servers and Data Centers in APAC, By Country, 2014–2022 (USD Million)
Table 22 Market for By Automotive, By System Type, 2014–2022 (USD Million)
Table 23 Thermal Management Market for Automotive, By Region, 2014–2022 (USD Million)
Table 24 Market for Automotive in North America, By Country, 2014–2022 (USD Million)
Table 25 Market for Automotive in Europe, By Country, 2014–2022 (USD Million)
Table 26 Market for Automotive in APAC, By Country, 2014–2022 (USD Million)
Table 27 Thermal Management Market for Aerospace and Defense, By Region, 2014–2022 (USD Million)
Table 28 Market for Aerospace and Defense in North America, By Country, 2014–2022 (USD Million)
Table 29 Thermal Management Market for Aerospace and Defense in Europe, By Country, 2014–2022 (USD Million)
Table 30 Market for Aerospace and Defense in APAC, By Country, 2014–2022 (USD Million)
Table 31 Thermal Management Market for Healthcare, By Equipment Type, 2014–2022 (USD Million)
Table 32 Market for Healthcare, By Region, 2014–2022 (USD Million)
Table 33 Market for Healthcare in North America, By Country, 2014–2022 (USD Million)
Table 34 Thermal Management Market for Healthcare in Europe, By Country, 2014–2022 (USD Million)
Table 35 Market for Healthcare in APAC, By Country, 2014–2022 (USD Million)
Table 36 Market, By Service, 2014–2022 (USD Million)
Table 37 Thermal Management Market in North America, By Service, 2014–2022 (USD Million)
Table 38 Market in Europe, By Service, 2014–2022 (USD Million)
Table 39 Market in APAC, By Service, 2014–2022 (USD Million)
Table 40 Market, By Region, 2014–2022 (USD Million)
Table 41 Market in North America, By Country, 2014–2022 (USD Million)
Table 42 Thermal Management Market in North America, By End–Use Application, 2014–2022 (USD Million)
Table 43 Market in US, By End-Use Application, 2014–2022 (USD Million)
Table 44 Market of Canada, By End-User Industry, 2014–2022 (USD Million)
Table 45 Market in Mexico, By End-Use Application, 2014–2022 (USD Million)
Table 46 Thermal Management in Europe, By Country, 2014–2022 (USD Million)
Table 47 Thermal Management in Europe, By End-Use Application, 2014–2022 (USD Million)
Table 48 Thermal Management in UK, By End-Use Application, 2014–2022 (USD Million)
Table 49 Thermal Management in Germany, By End-Use Application, 2014–2022 (USD Million)
Table 50 Thermal Management in France, By End-Use Application, 2014–2022 (USD Million)
Table 51 Thermal Management in RoE, By End-Use Application, 2014–2022 (USD Million)
Table 52 Thermal Management in APAC, By Country, 2014–2022 (USD Million)
Table 53 Thermal Management in APAC, By End-Use Application, 2014–2022 (USD Million)
Table 54 Market in Japan, By End-Use Application, 2014–2022 (USD Million)
Table 55 Thermal Management Market in China, By End-Use Application, 2014–2022 (USD Million)
Table 56 Market in South Korea, By End-Use Application, 2014–2022 (USD Million)
Table 57 Market in India, By End-Use Application, 2014–2022 (USD Million)
Table 58 Market in Rest of APAC, By End-Use Application, 2014–2022 (USD Million)
Table 59 Market in RoW, By Region, 2014–2022 (USD Million)
Table 60 Market in RoW, By End-Use Application, 2014–2022 (USD Million)
Table 61 Market: Company Ranking Analysis
Table 62 Product Launches and Developments (2014–2017)
Table 63 Partnerships, Collaborations, and Agreements (2016—2017)
Table 64 Mergers and Acquisitions (2015–2017)
Table 65 Others (2016 & 2017)
 
 
List of Figures (41 Figures)
 
Figure 1 Thermal Management Market
Figure 2 Global Market: Research Design
Figure 3 Breakdown of Primaries
Figure 4 Bottom-Up Approach for Market Size Estimation: Market
Figure 5 Top-Down Approach for Market Size Estimation: Market
Figure 6 Data Triangulation
Figure 7 Automotive Expected to Hold the Largest Size of the Market in 2022
Figure 8 Engine Control Thermal Management Systems to Hold Largest Share of Market for Automotive in 2017
Figure 9 Non-Adhesive Materials Expected to Hold Larger Size of the Thermal Management Market By 2022
Figure 10 Convection Cooling Devices Held Largest Size of Market
Figure 11 North America Expected to Hold the Largest Share of the Thermal Management Market in 2017
Figure 12 Market in APAC Expected to Witness the Highest Growth During the Forecast Period
Figure 13 Automotive Expected to Hold Largest Size of Market By 2022
Figure 14 Convection Cooling Devices Expected to Hold the Largest Share of the Thermal Management Market in 2017
Figure 15 Optimization and Post-Sales Support Expected to Hold A Larger Size of the ThermMarket By 2022
Figure 16 US Expected to Hold Largest Share of the Market in 2017
Figure 17 Rising Demand for Thermal Management in Consumer Electronics Drives the Market
Figure 18 Increase in Power Consumption of Motherboard and Hard Disk Drives With the Rise in the Number of Processes Used in Computers
Figure 19 Electric Vehicle Sales, 2010–2015 (Thousand Units)
Figure 20 Value Chain Analysis of Thermal Management
Figure 21 Increasing Data Centers is the Leading Trend in the Current Market
Figure 22 Total Investment Raised By Startups
Figure 23 Market for Advanced Cooling Devices Expected to Grow at Highest CAGR Between 2017 and 2022
Figure 24 Market for Automotive Expected to Grow at Highest CAGR During the Forecast Period
Figure 25 APAC Expected to Hold Largest Size of Market for Consumer Electronics in 2017
Figure 26 Thermal Management Market for Servers and Data Centers in North America Expected to Grow at Highest CAGR Between 2017 and 2022
Figure 27 APAC Expected to Hold Largest Size of Market for Automotive Between 2017 and 2022
Figure 28 APAC Expected to Hold Largest Size of Market for Aerospace and Defense Industry Between 2017 and 2022
Figure 29 Geographic Snapshot of Market (2017–2022)
Figure 30 North America: Thermal Management Market Snapshot
Figure 31 Market for Servers and Data Centers Expected to Grow at Highest CAGR During the Forecast Period
Figure 32 Europe: Market Snapshot
Figure 33 Asia Pacific: Market Snapshot
Figure 34 Market Overview: Dive Analysis
Figure 35 Market Evolution Framework Product Launches and Developments is the Major Strategy Adopted By Market Players
Figure 36 Battle for Market Share: Product Launches and Developments Was the Key Growth Strategy
Figure 37 Honeywell International Inc.: Company Snapshot
Figure 38 Vertiv Co.: Company Snapshot
Figure 39 Laird PLC: Company Snapshot
Figure 40 Henkel AG & Company, KGaA: Company Snapshot
Figure 41 Delta Electronics, Inc.: Company Snapshot

The thermal management market was valued at USD 8.99 Billion in 2016 and is expected to reach USD 14.24 Billion by 2022, at a CAGR of 7.91% during the forecast period. The growth of this market is being fueled by the technological advancements over the last few years.

The report covers the thermal management market on the basis of material type, device, end-use application, service, and geography. The market based on end-use application is expected to be led by consumer electronics segment during the forecast period. The radical miniaturization of electronic devices is boosting the growth of the market for consumer electronics.

Among thermal materials, nonadhesive materials accounted for the largest market size in 2016. Nonadhesive thermal materials such as pads and gap fillers are commonly used to fill the gaps between the heat source and dissipating components, and also to provide mechanical shock absorption. Nonadhesive materials consist of thermal pads, gap fillers, phase change materials (PCMs), and grease. The constant need for thermal management in electronics to obtain maximum efficiency through heat regulation is one of the major factors driving the market for the market for the nonadhesive material.

Adhesive materials are expected to lead the overall thermal management market due to the highest CAGR during the forecast period. Adhesive materials used for thermal management consist of tapes, films, and adhesive liquids. These materials are used to bond various components such as heat sinks and integrated circuits where no other mounting mechanisms are available. The increasing use of adhesive tapes and liquids across automotive and consumer electronic industries has led to high growth rate of the market for adhesive materials. These factors have led to the highest growth of the market for the adhesive material segment during the forecast period.

North America is expected to hold the largest share of the thermal management market by 2022, and it holds a tremendous potential for the growth in the coming future due to its high investment in healthcare applications, increasing use of electric and hybrid vehicles, and growing data centers across the region.

The rising demand for thermal management in consumer electronics, growing application arena, and radical miniaturization of electronic devices are the drivers for the thermal management market.

Thermal Management Market

The key restraining factor for the market is the design complexities in components used in thermal management. Issues associated with thermal components include designing cooling systems; optimizing the design to reduce power consumption, weight, and cost; and verifying the thermal design of thermal components. Also, problems faced while manufacturing thermal components are associated with the design of optimal flow channels, selection of a coolant, and complexity of the model and flow. Lowering power requirement without compromising performance and reliability of systems is a major problem faced while designing thermal components.

Some of the major companies operating in the thermal management market are Honeywell International Inc. (US), Aavid Thermalloy LLC (US), Vertiv Co (US), European Thermodynamics Ltd (UK), Master Bond Inc.(US), Laird PLC (UK), Henkel AG & Company, KGaA (Germany), Delta Electronics, Inc. (Taiwan), Advanced Cooling Technologies, Inc. (US), Dau Thermal Solutions Inc. (US), Amerasia International (AI) Technology Inc.(US), Heatex Ab (Sweden), Lord Corporation (US), and Parker Chomerics (US), among others.

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