Thermal Management Market to Observe Prominent Expansion of USD 24.51 Billion by 2030, Size, Share, Trends, Demand, Growth, Challenges and Competitive Outlook
DALLAS, Feb. 8, 2023 /PRNewswire/ -- Data Bridge Market Research completed a qualitative study titled "Thermal Management Market" with 100+ market data tables, pie charts, graphs, and figures spread across Pages and an easy-to-grasp full analysis. The insights provided in the top-notch Thermal Management market survey report are based upon SWOT analysis on which businesses can rely confidently. With the precise and high-tech information about the Thermal Management industry, businesses can know about the types of consumers, consumer's demands and preferences, their perspectives on the product, their buying intentions, their response to a particular product, and their varying tastes about the specific product already existing in the market through a global Thermal Management marketing report. These information and market insights assist with maximizing or minimizing the production of goods depending on the conditions of demand.
Data Bridge Market Research analyses that the thermal management market was valued at USD 12.21 billion in 2022 and is expected to reach USD 24.51 billion by 2030, registering a CAGR of 9.10% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Download Sample PDF Research Report of the Thermal Management Market @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=thermal-management-market
Thermal management is the capability to maintain a system's temperature by using technologies based on heat transfer and thermodynamics. All electronic circuitry and devices need thermal management to minimize early failure and improve reliability. The rate of temperature output is equivalent to power input if there are not any other energy exchanges. Thermal management materials are a varied group of products developed to proficiently dissipate heat in electronic applications.
The rising demand for effective thermal management systems and solutions and also growing usage of electronic devices in numerous end-use industries are likely to enhance the market growth during the forecast period. Furthermore, the on-going radical shrinking of electronic and artificial cooling systems anticipates a market lift in the coming years. The increased demand for natural refrigerants and also the introduction of cool chips for thermal management in electronic devices are foretold to enhance the market growth throughout the forecasted years.
Recent Development
- In 2020, Honeywell started their acquisition with Rocky Research, a Nevada-based technology leader specializing in power, thermal, and power control. This acquisition aimed to increase Honeywell's extensive range, including power storage and energy, power generation systems, and thermal management systems.
- In 2020, Master Bond introduced a new each, no-mix, die-attach epoxy named EP17HTS-DA that is heat resistant and conductive. It is suggested for applications that require high-temperature resistance and low quantity resistivity.
The Thermal Management Market is Dominated by Firms Such as:
- API Heat Transfer (U.S.)
- AI Technology, Inc. (U.S.)
- Delta Electronics, Inc. (Taiwan)
- Honeywell International Inc (U.S.)
- Henkel AG & Co. KGaA (Germany)
- LAIRD PLC (U.K.)
- Parker Hannifin Corp (U.S.)
- HEATEX (Sweden)
- Boyd Corporation (U.S.)
- Vertiv Group Corp. (U.S.)
- European Thermodynamics Ltd. (U.K.)
- DAU (U.S.)
- Kelvion Holding GmbH (Germany)
- Inheco Industrial Heating & Cooling GmbH (Germany)
- ThermoTek (U.S.)
Download the Complete Research Study Here in PDF Format @ https://www.databridgemarketresearch.com/checkout/buy/enterprise/thermal-management-market
Opportunities
- Increasing usage of thermal management technologies in consumer electronics
The demand for thermal management technologies are increasing rapidly, particularly in consumer electronics because of its superior processing capacity. For instance, if considering the case of liquid cooling hardware then previously liquid cooling technology was only used in the high capacity computing hardware. However, now a days, numerous smartphones are being prepared with this thermal management technologies. Thus, increasing usage of thermal management technologies in consumer electronics will expected to create immunes opportunities for the growth of the market
- Increasing adoption of renewable energy resources
The rise in the adoption of renewable energy resources is the major factor that will create lucrative market growth opportunities. Installations of concentrated solar power plants with thermal management technologies are anticipated to fuel the market's growth rate. For instance, Canada's largest solar project and the Travers Solar project got approval in August 2019, from the Alberta Utilities Commission for its operation and construction.
Key Market Segments Covered in Thermal Management Industry Research:
Materials
- Adhesive Materials
- Non-Adhesive Materials
Devices
- Conduction Cooling Devices
- Convection Cooling Devices
- Advanced Cooling Devices
- Hybrid Cooling Devices
Service
- Installation and Calibration
- Optimization
- Post-Sales Support
Application
- Aerospace & Defence
- Automotive Servers and Data Centres Consumer
- Electronics
- Healthcare
Product Type
- Software
- Hardware
- Substrate
- Interface
A comprehensive analysis will be provided covering the following points in the report:
- Executive Market Summary
- Scope of the Thermal Management Report
- Key Finding and Recommendations
- Growth and Investment Opportunities
- Thermal Management Market Value Chain/Supply Chain Analysis
- Thermal Management Market Attractive Investment Proposition
- Competitive landscape and SWOT Analysis
- Thermal Management Market Segmentation Outlook
- Regional Outlook
- Company Profiles of Key Players
Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global Thermal Management market over the period. Further, Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.
Browse a Detailed Summary of the Research Report @ https://www.databridgemarketresearch.com/reports/thermal-management-market
Restraints/ Challenges
- Design complexities of components
The design complexities of the components utilized in the cooling systems may act as a major market restraint for the market's growth over the forecast period.
- Increasing stringency in emission regulation
The increasing stringency in emission regulation to upsurge the fuel economy may act as a biggest and foremost challenge for the market growth during period.
This thermal management market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the thermal management market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Thermal Management Market Regional Analysis/Insights:
The countries covered in the thermal management market report U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the thermal management market in terms of revenue and market share. This is mainly owing to increase in the usage of electronic equipment in different end-use in this region.
North America will continue to project the highest growth rate during the forecast period of 2023-2030 due to growing investments in the research and development activities and rising adoption of thermal management solutions in this region.
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Thermal Management Market: Regulations
- Market Overview
- Global Thermal Management Market, By Materials
- Global Thermal Management Market, By Devices
- Global Thermal Management Market, By Service
- Global Thermal Management Market, By Application
- Global Thermal Management Market, By Product Type
- Global Thermal Management Market, By Region
- Global Thermal Management Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
To Get the Full Table of Contents, Visit Here @ https://www.databridgemarketresearch.com/toc/?dbmr=thermal-management-market
Browse More Reports by DBMR:
Automotive Battery Thermal Management System Market, By Battery Capacity (Less Than 100 kWh, 100 to 200 kWh, and More Than 200 kWh), Type (Liquid Cooling and Heating, PCM, and Air Cooling and Heating), Propulsion (Hybrid Electric Vehicle, Battery Electric Vehicle, PHEV & FCV), Technology (Active, Passive), Vehicle Type (Automotive, Military, and Others) https://www.databridgemarketresearch.com/reports/global-automotive-battery-thermal-management-system-market
Electric Vehicle Thermal Management System Market, By Propulsion Type (BEV, PHEV, HEV, and FCV), Technology (Active and Passive), Battery Type (Conventional and Solid-State), Battery Capacity (30-60 Kwh, 60-90 Kwh, Below 30 Kwh, and Above 90 Kwh), Vehicle Type (Passenger and Commercial), System Type (Battery Thermal Management, HVAC, Powertrain, and Others) https://www.databridgemarketresearch.com/reports/global-electric-vehicle-thermal-management-system-market
Europe Electric Vehicle Thermal Management System Market, By Propulsion Type (BEV, PHEV, HEV, and FCV), Technology (Active and Passive), Battery Type (Conventional and Solid-State), Battery Capacity (30-60 Kwh, 60-90 Kwh, Below 30 Kwh, and Above 90 Kwh), Vehicle Type (Passenger and Commercial), System Type (Battery Thermal Management, HVAC, Powertrain, and Others) https://www.databridgemarketresearch.com/reports/europe-electric-vehicle-thermal-management-system-market
North America Electric Vehicle Thermal Management System Market, By Propulsion Type (BEV, PHEV, HEV, and FCV), Technology (Active and Passive), Battery Type (Conventional and Solid-State), Battery Capacity (30-60 Kwh, 60-90 Kwh, Below 30 Kwh, and Above 90 Kwh), Vehicle Type (Passenger and Commercial), System Type (Battery Thermal Management, HVAC, Powertrain, and Others) https://www.databridgemarketresearch.com/reports/north-america-electric-vehicle-thermal-management-system-market
Asia-Pacific Electric Vehicle Thermal Management System Market, By Propulsion Type (BEV, PHEV, HEV, and FCV), Technology (Active and Passive), Battery Type (Conventional and Solid-State), Battery Capacity (30-60 Kwh, 60-90 Kwh, Below 30 Kwh, and Above 90 Kwh), Vehicle Type (Passenger and Commercial), System Type (Battery Thermal Management, HVAC, Powertrain, and Others) https://www.databridgemarketresearch.com/reports/asia-pacific-electric-vehicle-thermal-management-system-market
Middle East and Africa Electric Vehicle Thermal Management System Market, By Propulsion Type (BEV, PHEV, HEV, and FCV), Technology (Active and Passive), Battery Type (Conventional and Solid-State), Battery Capacity (30-60 Kwh, 60-90 Kwh, Below 30 Kwh, and Above 90 Kwh), Vehicle Type (Passenger and Commercial), System Type (Battery Thermal Management, HVAC, Powertrain, and Others) https://www.databridgemarketresearch.com/reports/middle-east-and-africa-electric-vehicle-thermal-management-system-market
North America Automotive Battery Thermal Management System Market, By Battery Capacity (Less Than 100 kWh, 100 to 200 kWh, and More Than 200 kWh), Type (Liquid Cooling and Heating, PCM, and Air Cooling and Heating), Propulsion (Hybrid Electric Vehicle, Battery Electric Vehicle, PHEV & FCV), Technology (Active, Passive), Vehicle Type (Automotive, Military, and Others) https://www.databridgemarketresearch.com/reports/north-america-automotive-battery-thermal-management-system-market
Ultraviolet (UV) Curing System Market, By Type (Flood Curing System And Focused Beam, Spot Curing System, Conveyor, and Others (System Accessories)), Pressure Type (High, Medium, and Low), Technology (UV LEDs and Mercury Lamps), Wavelength (365 nm, 385 nm, 395 nm, 405 nm and Others), Application (Coating and Finishing, Printing, Bonding and Assemblies, Disinfection and Decontamination, and Others), End User (Medical And Lifesciences, Consumer Electronics, Industrial And Machinery, Semiconductor, Automotive, Food And Beverages, Telecommunication, Aerospace And Defense, Marine, Energy And Power, Construction And Architectural, Chemical And Petrochemical, Oil And Gas And Others), Sales Channel (Direct Sales and Indirect Sales) https://www.databridgemarketresearch.com/reports/global-uv-curing-system-market
Industrial Hoses Market, By Type (Hydraulic Hoses, Layflat Hoses, WRAS Hoses, Oil Resistant Hoses, Stripwound Hoses, Corrugated Hoses, Thermo-Duct and Others), Material Type (Silicone, Polyurethane, Polyvinyl Chloride, Nitrile Rubber, Elastomers, Metal, Thermoplastics, Composite and Others), Media (Oil, Water and Gas), Wire Type (Wire Braided and Spiral Wire), Pressure (Low Pressure (Less Than 3000 Psi), Medium Pressure (Between 3000 To 6000) and High Pressure (More Than 6000)), Industry (Oil and Gas, Water, Agriculture, Food and Beverages, Pharmaceuticals, Automotive, Mining, Construction and Others) https://www.databridgemarketresearch.com/reports/global-industrial-hose-market
Industrial internet of things (IoT) platform Market, By Component (Solution, Services, Platform), Application Area (Asset Management, Supply Chain and Management, Business Process Optimization, Workforce Management, Automation Control and Emergency and Incident Management), Industry Vertical (Process Industry, Energy and Utilities, Chemical and Materials, Food and Beverages, Discrete Industry, Automotive, Machine Manufacturing, Semiconductor and Electronics, Medical Devices, Logistics and Transportation and Others) https://www.databridgemarketresearch.com/reports/global-industrial-iot-platform-market
About Data Bridge Market Research, Private Ltd
Data Bridge Market Research is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability level and advanced approaches. We are committed to uncover the best consumer prospects and to foster useful knowledge for your company to succeed in the market.
Data Bridge Market Research is a result of sheer wisdom and practice that was conceived and built-in Pune in the year 2015. The company came into existence from the healthcare department with far fewer employees intending to cover the whole market while providing the best class analysis. Later, the company widened its departments, as well as expands their reach by opening a new office in Gurugram location in the year 2018, where a team of highly qualified personnel joins hands for the growth of the company. "Even in the tough times of COVID-19 where the Virus slowed down everything around the world, the dedicated Team of Data Bridge Market Research worked round the clock to provide quality and support to our client base, which also tells about the excellence in our sleeve."
Data Bridge Market Research has over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe.
Contact Us
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email – corporatesales@databridgemarketresearch.com
Logo - https://mma.prnewswire.com/media/1011053/Data_Bridge_Market_Research_Logo.jpg
Share this article