Thermal Management Market

Thermal Management Industry worth $19.3 billion by 2028

The report "Thermal Management Market by Material, Device (Conduction Cooling Devices, Convection Cooling Devices), Service (Installation & Calibration, Optimization & Post-sales Support), End-user Industry and Region – Global Forecast to 2028" The global thermal management market was valued at USD 10.7 billion in 2022 and is projected to reach USD 19.3 billion by 2028, registering a CAGR of 9.7% during the forecast period. The rise in demand for thermal management is attributed to the increasing need for advanced heat dissipation solutions and thermal management components in consumer electronics and the growing use of miniature electronic devices.

Browse 231 market data Tables and 56 Figures spread through 260 Pages and in-depth TOC on "Thermal Management Market by Material, Device (Conduction Cooling Devices, Convection Cooling Devices), Service (Installation & Calibration, Optimization & Post-sales Support), End-user Industry and Region – Global Forecast to 2028"
View detailed Table of Content here -

By Material: Non-adhesive materials segment to propel market growth

The non-adhesive materials segment accounted for the largest market share of ~73% in 2028. This growth is attributed to the wide use of non-adhesive materials, such as thermal pads, gap fillers, and grease, in consumer electronics such as computers, laptops, and other handheld devices, for example, tablets. These materials are significantly less vulnerable to high electrical currents and are highly efficient in controlling and regulating the temperature of the electronics in which they are used. The non-adhesive materials are also proficient in handling mechanical shocks and absorption, providing more security and reliability to users.

By Device: Convection cooling devices segment to capture largest share of thermal management market in 2028

The convection cooling devices segment accounted for the largest market share of ~45% in 2028. This growth is attributed to the increasing use of convection cooling devices in electronic components, circuits, and printed circuit boards (PCBs). Convection cooling involves the transfer of heat from a card into the ambient air using airflow. Convection cooling techniques can be applied in two ways: through natural airflow and by forced air flow via fans or blowers. The convection medium can be air or any other suitable thermal liquid. Thus, natural convection and forced air convection cooling are two types of convection cooling methods. Natural convection cooling devices do not require external sources, whereas forced air cooling devices require external sources such as pumps, fans, and suction devices for heat transfer. Heat sinks are attached to cooling devices in convection cooling to increase their dissipation area. This allows a large amount of heat to be transferred from devices to heat sinks and then to the ambient air.

By Service: In 2028, optimization & post-sales support segment to hold largest share of thermal management market

The optimization & post-sales support segment is expected to account for the largest market share of ~62% in 2028. Optimization & post-sales support services are provided for critical quality control in servers and data centers as high temperatures can damage them and result in the loss of vital information. Post-sales services typically lead to higher customer satisfaction, brand loyalty, word-of-mouth marketing, and even repeat sales. Optimization & post-sales support services include maintenance and service offerings to reduce downtime of systems, elevate their overall performance levels, and maximize their operational life. They also include flexible service plans that can be customized according to customer requirements, extended product warranties, and comprehensive maintenance and repair plans. These are some key factors contributing to the rising demand for optimization & post-sales support services.

By End-user Industry: Automotive industry to hold largest share of thermal management market in 2028

The automotive industry is likely to account for the largest market share of ~29% in 2028. The increasing use of electric vehicles (EVs), which enable e-mobility and compliance with CO2 emission regulations, is driving the growth of the automotive segment. In the automotive industry, the thermal management of HVAC systems, instrument panels, infotainment systems, satellite navigation systems, head-up displays, and engine and brake management systems is essential. The automotive industry is among the leading consumers of thermal management solutions and systems due to the increasing demand for cables and insulating jackets, chassis suspension systems, automotive hoses, and automotive connectors for effective thermal management in vehicles.

Asia Pacific likely to hold largest share of global thermal management market in 2028

Asia Pacific is expected to hold the largest share of ~41% of the thermal management market in 2028. Flourishing chip manufacturing companies in countries such as China and South Korea are contributing to the growth of the thermal management market in Asia Pacific. The thermal management market in Asia Pacific is rapidly growing owing to the increasing demand for these services in countries such as China, Japan, India, South Korea, and Rest of Asia Pacific. The region has become a global focal point for large investments and business expansion opportunities.

The thermal management market is dominated by a few globally established players, such as Henkel (Germany), Honeywell International Inc. (US), Vertiv Co (US), Delta Electronics, Inc. (Taiwan), Parker Chomerics (US), TAT Technologies Ltd. (Israel), Autoneum Holding AG (Switzerland), Boyd (US), European Thermodynamics Ltd. (UK), and Laird Thermal Systems (US).

Don’t miss out on business opportunities in Thermal Management Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on TwitterLinkedIn and Facebook.

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Thermal Management Market Size,  Share & Growth Report
Report Code
SE 5290
PR Published ON
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the Thermal Management Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2024 MarketsandMarkets Research Private Ltd. All rights reserved Protection Status

Digital Virtual Assistant - MarketsandMarkets