Thermal Management Market Set to Surge - Key Insights You Must Know

Global Thermal Management Market

This report studies the Thermal Management market, Thermal management is the ability to control the temperature and noise level of a system by means of technology based on thermodynamics and heat transfer. Advancements in the electronics industry have led to an increased need for innovative thermal management technologies to improve the system performance and reliability by removing high heat flux generated in the electronic devices.

The global Thermal Management market was valued at US$ 60120 million in 2023 and is anticipated to reach US$ 78300 million by 2030, witnessing a CAGR of 3.8% during the forecast period 2024-2030.

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Global Thermal Management key players include DENSO, Valeo, MAHLE, Hanon Systems, etc. Global top four manufacturers hold a share about 55%.China is the largest market, with a share over 25%, followed by United States and EU, both have a share over 40 percent. In terms of product, Conduction Cooling Devices is the largest segment, with a share about 40%. And in terms of application, the largest application is Automotive, followed by Aerospace and Defense, Servers and Data Centers, Consumer Electronics, Medical Equipment, etc.This report aims to provide a comprehensive presentation of the global market for Thermal Management, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Thermal Management.

By Type
• Conduction Cooling Devices
• Convection Cooling Devices
• Hybrid Cooling Devices

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

Key Companies
DENSO, Valeo, MAHLE, Hanon Systems, Honeywell, Vertiv, Gentherm, Delta, Laird, Boyd Corporation, Heatex, European Thermodynamics, Advanced Cooling Technologies, Dau Thermal Solutions

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