Report Highlights
The global market for thermal management technologies is estimated to grow from $17.3 billion in 2023 to reach $26.1 billion by 2028, at a compound annual growth rate (CAGR) of 8.5% from 2023 to 2028.
Report Includes
- 97 data tables and 39 additional tables
- An overview of the global market for thermal management technologies
- Analyses of the global market trends, with historic market revenue data (sales figures) for 2022, estimates for 2023, forecasts for 2024 and 2026, and projection of compound annual growth rates (CAGRs) through 2028
- Estimate of the actual market size and revenue forecast for thermal management technologies market, and corresponding market share analysis based on product type, application, device type, and geographic region
- Analysis of the market dynamics, including drivers, inhibitors and opportunities, along with insights into the regulatory environment
- Description of concept development of and hardware test for effective thermal designs, and power dissipation and environmental factors affecting thermal management systems
- Information on rapid prototyping, thermal sensing technologies, new manufacturing processes and developments in thermal management software such as computational fluid design and heat transfer
- A look at environmental, social and corporate governance (ESG) developments, along with an analysis of relevant patents, mergers and acquisitions (M&A), venture fundings and emerging technologies
- Profiles of major players in the industry
Report Scope
The scope of this report is broad, covering several product areas. The individual materials, hardware and software product segments are presented in terms of market size and revenue trends. The revenue forecasts are explained in terms of the key market issues for that product segment, and they are projected through 2028. The application sections feature forecasts for the most important applications by product.
The report also offers an in-depth analysis of the competitive landscape within the thermal management technologies market, focusing on key dynamics that drive success. It examines critical factors, such as research and development capabilities, and the influence of ecosystems and partnerships. The report includes profiles of thermal management manufacturers, providing valuable insights into their strategies and offerings. The report also assesses the impact of the COVID-19 pandemic on the market, considering the challenges and opportunities that have emerged as a result.
The report addresses the global market for thermal management products during the period from 2022 through 2028, including:
- Thermal management hardware.
- Thermal management software.
- Thermal management interface products.
- Thermal management substrates.
- Thermal management application areas.
Report Synopsis
Report Metrics | Details | ||||||||||||||||||||||||||||||
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Base year considered | 2022 | ||||||||||||||||||||||||||||||
Forecast period considered | 2023-2028 | ||||||||||||||||||||||||||||||
Base year market size | $16.2 billion | ||||||||||||||||||||||||||||||
Market size forecast | $26.1 billion | ||||||||||||||||||||||||||||||
Growth rate | CAGR of 8.5% from 2023 to 2028 | ||||||||||||||||||||||||||||||
Units considered | $ Millions | ||||||||||||||||||||||||||||||
Segments covered | By Product Type, Application, Device Type, and Region | ||||||||||||||||||||||||||||||
Regions covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) | ||||||||||||||||||||||||||||||
Countries covered | U.S., Canada, Germany, France, The U.K., Japan, China, India, and South Korea | ||||||||||||||||||||||||||||||
Key Market Drivers |
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Companies studied |
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Frequently Asked Questions (FAQs)
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Highlights
The global market for thermal management technologies should grow from $14.5 billion in 2021 to $20.9 billion by 2026 with a compound annual growth rate (CAGR) of 7.6% for the period of 2021-2026.
Report Includes
- 98 data tables and 45 additional tables
- An up-to-date review and analysis of the global market for thermal management technologies
- Analyses of the global market trends, with data from 2020-2021, estimates for 2022 and 2024, and projections of compound annual growth rates (CAGRs) through 2026
- Evaluation and forecast the global thermal management technologies market size, and corresponding market share analysis by product type, application, device type, and geographical region
- Identification of the promising new thermal management products, technologies and solutions with greatest commercial potential
- Discussion of the current market dynamics (DROs), competitive scenario, R&D activities, supplier landscape, and COVID-19 implications on the progress of this market
- Country specific data and market value analysis for the United States, Canada, Mexico, Germany, U.K., France, Japan, China, India, and South Korea, among others
- Insight into recent industry structure, competitive aspects of each product segment, major growth strategies, and company value share analysis based on their segmental revenues
- Latest information on key M&A deals, agreements, partnerships, collaborations and product launches within the marketplace
- Descriptive company profiles of the leading global players, including 3M, Gentherm, Honeywell International Inc., Alcoa Corp., Altair Engineering Inc., and HENKEL AG & CO. KGAA
Report Highlights
The global market for thermal management technologies should grow from $12.4 billion in 2018 to $16.3 billion by 2023 at a compound annual growth rate (CAGR) of 5.6% for the period of 2018-2023.
Report Includes
- 48 data tables
- An overview of the global markets for thermal management technologies within the industry
- Analyses of global market trends, with data from 2017 and 2018, and projections compound annual growth rates (CAGRs) through 2023
- Evaluation of market dynamics and what factors will shape the future growth of the market
- Identification of thermal management technologies and products with the greatest commercial potential
- Examination of the competitive aspects of each product segment, along with several successful suppliers’ strategies in the market
- Relevant patent analysis
- Profiles of leading companies in the industry including Calmark, Lytron, Parker Hannifin Corp., Henkel Corp. and Morgan Technical Ceramics
Report Highlights
The global market for thermal management products will grow from about $10.7 billion in 2015 to nearly $11.2 billion in 2016 and $14.7 billion by 2021, representing a compound annual growth rate (CAGR) of 5.6% between 2016 and 2021.
Report Includes
- An overview of the global markets for thermal management technologies as well as hardware, software, interface products, and substrates.
- Analyses of global market trends, with data from 2015 and 2016, and projections of CAGRs through 2021.
- Discussion of individual materials, hardware, and software product segments in terms of market size and revenue trends.
- Forecasts for the most important applications by product.
- Examination of the competitive aspects of each product segment, along with several successful suppliers’ strategies in the market.
- A relevant patent analysis.
- Profiles of leading companies in the industry.
Report Highlights
The global market for thermal management products is expected to grow from about $10.1 billion in 2013 to $10.6 billion in 2014 and $14.7 billion by 2019, a compound annual growth rate (CAGR) of 6.8% between 2014 and 2019.
Report Includes
- An overview of the global market for thermal management products, including hardware, software, interface products, and substrates.
- Analyses of global market trends, with data from 2013, estimates for 2014, and projections of CAGRs through 2019.
- Discussion of individual materials, hardware, and software product segments in terms of market size and revenue trends.
- Forecasts for the most important applications by product.
- Examination of the competitive aspects of each product segment, along with several successful suppliers’ strategies in the market.
- Patent analysis.
- Profiles of leading companies in the industry.
Report Highlights
The market for thermal management technologies was valued at $6.7 billion in 2011 and reached $7 billion in 2012. Total market value is expected to reach $10.1 billion in 2017 after increasing at a five-year compound annual growth rate (CAGR) of 7.6%.
Report Includes
- An overview of the global market for thermal management products, including hardware, software, interface products, and substrates.
- Analyses of global market trends, with data from 2011 and 2012, and projections of compound annual growth rates (CAGRs) through 2017.
- Discussion of individual materials, hardware, and software product segments in terms of market size and revenue trends.
- Forecasts for the most important applications by product.
- Examination of the competitive aspects of each product segment, along with several successful suppliers’ strategies in the market.
- A current industry directory, a survey of recent U.S. thermal management patents and patent applications pending.
Report Highlights
The world market for thermal management products will grow from about $7.5 billion in 2010 to $8 billion in 2011 and $10.9 billion by 2016, a compound annual growth rate (CAGR) of 6.4% between 2011 and 2016.
Report Highlights
- The world market for thermal management products will grow from about $6.9 billion in 2009 to $7.5 billion in 2010 and $10.2 billion by 2015, a compound annual growth rate (CAGR) of 6.4% between 2010 and 2015.
- Asia-Pacific is projected to be the fastest-growing region, with a compound annual growth rate (CAGR) of 7.3% between 2010 and 2015. This region is valued at $1.7 billion in 2010 and should reach $2.5 billion by 2015.
- The market in the Americas is projected to grow from $2.9 billion in revenues in 2010 to $4 billion in 2015, a compound annual growth rate (CAGR) of 6.7%.
Report Highlights
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The global market for thermal management technologies increased from $6.2 billion in 2007 to an estimated $6.8 billion by the end of 2008. It should reach $11.1 billion by 2013, a compound annual growth rate (CAGR) of 10.3%.
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Thermal management hardware accounts for more than 80% of the total thermal management market.
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The largest end-markets for thermal management technologies in 2007 were the computer industry (57% of total revenues) and telecommunications (16%). By 2013, medical and office electronics should move into a tie for second place with telecommunications, each with a 12% market share.
Report Highlights
- The world market for thermal management products will grow from about $4.1 billion in 2005 to $4.4 billion in 2006, and approach $6.7 billion by 2011.
- By 2011, medical and office electronics should have moved into third place behind telecom applications, with a 16% market share, followed by consumer electronics with an 11% share.
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The Asia-Pacific countries (except Japan) have the highest projected growth rate. By 2011, the Asia-Pacific region is expected to account for nearly a quarter of the market, pulling further ahead of Japan.
Report Highlights
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The world market for thermal management products will rise from about $3.3 billion in 2003 to $5.9 billion by 2008, at an average annual growth rate (AAGR) of 12.1%.
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Revenue growth slowed in 1990s with the downturn in the computer industry, and with suppliers experiencing severe commodity pricing pressures.
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The current thermal management market has been rekindled with new design starts, and the emergence of new applications that require completely new cooling solutions.
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The 2+ GHz desktop computer, prolific growth of handheld devices and integrated Internet connectivity, the demand for wireless base stations and large Internet infrastructure equipment all present new challenges.
Report Highlights
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This new study estimates that the world market for this mix of products that dissipate excess heat in electronic systems will grow from about $3.25 billion in 2000 to $6 billion by 2005, at an average annual growth rate (AAGR) of 13%.
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The report's forecast of a 13% AAGR reflects the return of growth to the electronics markets. During its slow years, the thermal management industry had introduced many improvements in the thermal handling capability of products. There had also been the development of highly efficient, high-yield manufacturing methods - the adoption of which had been put on hold until recently.
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The new materials and components that are now available for next-generation applications are already expanding the definition of efficiency in electronics. Once employed only as a means to prevent thermal failure, thermal management technology will be in demand throughout the forecast period, research indicates, because it can improve the performance of super-fast, high-power and high-temperature electronics systems.
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