The global thermal management technologies market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 8% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
Thermal management technologies are the systems used for monitoring and managing the excessive heat generated from electronic devices and circuitry. It involves the use of various substrate within the electronic devices for efficient dissipation of heat. Some of the commonly used thermal management materials include adhesive and non-adhesive materials, such as thermal cushions, gap fillers, phase change materials (PCMs) and oil. They are utilized in various conduction, convection, advanced and hybrid cooling systems of consumer electronics, servers and data centers during installation and calibration. They aid in preventing failures and enhancing the operational life of the equipment and find extensive applications across various industries, such as automotive, defense, aerospace and telecommunication.
Significant growth in the electronic and electrical industries across the globe is one of the key factors creating a positive outlook for the market. With improvements in the manufacturing technologies of consumer electronics, there is an increasing demand for miniaturized devices with enhanced power densities. This, in turn, has positively impacted the demand for thermal management technologies for minimizing the high heat flux generated by these devices. In line with this, the widespread adoption of thermal management technologies in various automobiles and electric and hybrid vehicles is also contributing to the growth of the market. Additionally, technological advancements, such as the development of jet impingement mechanisms, cold plates, heat vapor chambers and cool chips, are acting as other growth-inducing factors. These innovative solutions are used as active cooling agents and are embedded with micro fluids and multi-phase heat transfer technologies to improve thermal resistance and performance of computers and other power-intensive devices. Other factors, including rising expenditure capacities, along with extensive research and development (R&D) activities are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global thermal management technologies market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product and application.
Breakup by Product:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Advanced Cooling Technologies Inc., Autoneum Holding AG, Gentherm Inc., Heatex Inc. (Madison Industries), Henkel AG & Co. KGaA, Honeywell International Inc., Laird Thermal Systems Inc., Momentive Performance Materials Inc., Parker-Hannifin Corp. and Thermal Management Technologies.
|Base Year of the Analysis||2020|
|Segment Coverage||Product, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Advanced Cooling Technologies Inc., Autoneum Holding AG, Gentherm Inc., Heatex Inc. (Madison Industries), Henkel AG & Co. KGaA, Honeywell International Inc., Laird Thermal Systems Inc., Momentive Performance Materials Inc., Parker-Hannifin Corp. and Thermal Management Technologies.|
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