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Global Thermal Management Market to reach USD 15.3 billion by 2027

Global Thermal Management Market Size study by Material (Adhesive Material and Non-adhesive Material), by Device (Conduction Cooling Devices, Convection Cooling Devices, Advanced Cooling Devices and Hybrid Cooling Devices), by Service (Installation & Calibration and Optimization & Post-sales Support), by End-Use Industry (Aerospace & Defense, Automotive, Servers & Data Centers, Consumer Electronics, Enterprises, Healthcare and Others) and Regional Forecasts 2020-2027

Product Code: EESAC_69521822
Publish Date: 18-02-2020
Page: 200

Global Thermal Management Market is valued approximately at USD 8.1 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 8.2% over the forecast period 2020-2027. Thermal Management can control the temperature of a system by means of Technology based on Thermodynamics, conduction, convection, condensation, radiation, and heat transfer. The rising demand for effective thermal management solutions and systems in consumer electronics, increasing use of electronic devices in different end-use industries and ongoing radical miniaturization of electronic devices are the few factors responsible for growth of the market over the forecast period. The increased battery capacity, developing charging infrastructure, and consumer preference for electric vehicles will further drive the market growth. Furthermore, the rising advancements and other strategic alliance by market key players will create a lucrative demand for this market. For instance: in April 2020, Laird Thermal Systems launched the UltraTEC™ UTX Series, a new generation of high-performance thermoelectric Coolers. UltraTEC™ UTX Series offers 10% boost in heat pumping capacity, greater temperature differential and higher efficiency than standard thermoelectric coolers. However, design complexities of components used in cooling systems is the major factor restraining the growth of global Thermal Management market during the forecast period.

The regional analysis of global Thermal Management market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world owing to the increasing high demand for electric and hybrid vehicles.

Major market player included in this report are:
Honeywell International Inc.
Aavid Thermalloy (Boyd Corporation)
Vertiv Co.
European Thermodynamics
Henkel AG & Company
Master Bond Inc.
Laird Thermal Systems
Delta Electronics Inc.
Advanced Cooling Technologies, Inc.
Parker (Chomerics Division)

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Material:
Adhesive Material
Nonadhesive Material

By Device:
Conduction Cooling Devices
Convection Cooling Devices
Advanced Cooling Devices
Hybrid Cooling Devices

By Service:
Installation & Calibration
Optimization & Post-sales Support

By End-Use Industry:
Aerospace & Defense
Servers & Data Centers
Consumer Electronics

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Thermal Management Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Thermal Management Market, by Region, 2018-2027 (USD Billion)
1.2.2. Thermal Management Market, by Material, 2018-2027 (USD Billion)
1.2.3. Thermal Management Market, by Device, 2018-2027 (USD Billion)
1.2.4. Thermal Management Market, by Service, 2018-2027 (USD Billion)
1.2.5. Thermal Management Market, by End-Use Industry, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Thermal Management Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Thermal Management Market Dynamics
3.1. Thermal Management Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Thermal Management Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Thermal Management Market, by Material
5.1. Market Snapshot
5.2. Global Thermal Management Market by Material, Performance – Potential Analysis
5.3. Global Thermal Management Market Estimates & Forecasts by Material 2017-2027 (USD Billion)
5.4. Thermal Management Market, Sub Segment Analysis
5.4.1. Adhesive Material
5.4.2. Non-adhesive Material
Chapter 6. Global Thermal Management Market, by Device
6.1. Market Snapshot
6.2. Global Thermal Management Market by Device, Performance – Potential Analysis
6.3. Global Thermal Management Market Estimates & Forecasts by Device 2017-2027 (USD Billion)
6.4. Thermal Management Market, Sub Segment Analysis
6.4.1. Conduction Cooling Devices
6.4.2. Convection Cooling Devices
6.4.3. Advanced Cooling Devices
6.4.4. Hybrid Cooling Devices
Chapter 7. Global Thermal Management Market, by Service
7.1. Market Snapshot
7.2. Global Thermal Management Market by Service, Performance – Potential Analysis
7.3. Global Thermal Management Market Estimates & Forecasts by Service 2017-2027 (USD Billion)
7.4. Thermal Management Market, Sub Segment Analysis
7.4.1. Installation & Calibration
7.4.2. Optimization & Post-sales Support
Chapter 8. Global Thermal Management Market, by End-Use Industry
8.1. Market Snapshot
8.2. Global Thermal Management Market by End-Use Industry, Performance – Potential Analysis
8.3. Global Thermal Management Market Estimates & Forecasts by End-Use Industry 2017-2027 (USD Billion)
8.4. Thermal Management Market, Sub Segment Analysis
8.4.1. Aerospace & Defence
8.4.2. Automotive
8.4.3. Servers & Data Centres
8.4.4. Consumer Electronics
8.4.5. Enterprises
8.4.6. Healthcare
8.4.7. Others
Chapter 9. Global Thermal Management Market, Regional Analysis
9.1. Thermal Management Market, Regional Market Snapshot
9.2. North America Thermal Management Market U.S. Thermal Management Market Material breakdown estimates & forecasts, 2017-2027 Device breakdown estimates & forecasts, 2017-2027 Service breakdown estimates & forecasts, 2017-2027 End-Use Industry breakdown estimates & forecasts, 2017-2027
9.2.2. Canada Thermal Management Market
9.3. Europe Thermal Management Market Snapshot
9.3.1. U.K. Thermal Management Market
9.3.2. Germany Thermal Management Market
9.3.3. France Thermal Management Market
9.3.4. Spain Thermal Management Market
9.3.5. Italy Thermal Management Market
9.3.6. Rest of Europe Thermal Management Market
9.4. Asia-Pacific Thermal Management Market Snapshot
9.4.1. China Thermal Management Market
9.4.2. India Thermal Management Market
9.4.3. Japan Thermal Management Market
9.4.4. Australia Thermal Management Market
9.4.5. South Korea Thermal Management Market
9.4.6. Rest of Asia Pacific Thermal Management Market
9.5. Latin America Thermal Management Market Snapshot
9.5.1. Brazil Thermal Management Market
9.5.2. Mexico Thermal Management Market
9.6. Rest of The World Thermal Management Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Honeywell International Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Aavid Thermalloy (Boyd Corporation)
10.2.3. Vertiv Co.
10.2.4. European Thermodynamics
10.2.5. Henkel AG & Company
10.2.6. Master Bond Inc.
10.2.7. Laird Thermal Systems
10.2.8. Delta Electronics Inc.
10.2.9. Advanced Cooling Technologies, Inc.
10.2.10. Parker (Chomerics Division
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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