HOME Research Insight Honeywell International Inc. (US) and Aavid Thermalloy LLC (US) are the Major Players in the Thermal Management Market

Honeywell International Inc. (US) and Aavid Thermalloy LLC (US) are the Major Players in the Thermal Management Market

The thermal management market has witnessed a significant growth in the past few years. North America and APAC are the major regions that have witnessed market growth. Currently, North America is a leading region in the thermal management market followed by APAC due to the increasing use of data centers and continuous investment in the healthcare, and aerospace and defense sector. Players such as Aavid Thermalloy LLC. (US), Vertiv Co. (US), and Delta Electronics, Inc. (Taiwan) have manufacturing facilities based in these two regions

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) are the major players operating in this market.

Honeywell International Inc. is a diversified technology and manufacturing company that serves customers worldwide. The company manufactures and develops aerospace products, turbochargers, control technologies, specialty chemicals, sensing and security technologies, and electronic materials, etc. Honeywell has an excellent geographic reach with its manufacturing, sales, service, and research and development sites located in the US, Europe, Canada, Asia, and Latin America. Wide geographic presence has helped Honeywell to occupy an excellent position on the basis of geographic reach. Also, the recent investments in research and development strengthen its place based on the technology innovation. In 2015, Honeywell International Electronic Materials launched PTM6000 Phase Change Material (PCM), a thermal interface material which is used to transfer and dissipate heat from advanced semiconductor devices.

Aavid Thermalloy LLC. is a leading provider of thermal management solutions. The company mainly focuses on thermal management of electronics systems and is a key player in the thermal management market due to its wide range of product offerings in the heat sink category. The company has a global presence in the US, Italy, Germany, the UK, India, and China. Aavid Thermalloy LLC provides a variety of thermal management products in air movers, cooling systems, heat sinks, tape attachments, semiconductor mounting, and interface materials. The acquisitions and geographic expansion strategies undertaken by the company have helped it succeed in the thermal management market. The key strategy adopted by Aavid Thermalloy LLC includes acquisitions and product launches. For instance, in October 2016, the company acquired Thermacore (US) which is a leading provider of high-performance thermal management solutions, offering electronics cooling devices and materials.

Related 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

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