Industry: Machinery & Equipment
Published Date: 2025-01-16
Pages: 110 Pages
Report ld: 3478844
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Thermal Management Market Size(US$)

CAGR 2025-2031
3.8%
Market Size,2031
USD 83,740
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Thermal Management was estimated to be worth US$ 64740 million in 2024 and is forecast to a readjusted size of US$ 83740 million by 2031 with a CAGR of 3.8% during the forecast period 2025-2031.
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.
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, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Thermal Management by region & country, by Type, and by Application.
The Thermal Management market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. 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.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Thermal Management company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Thermal Management in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Thermal Management in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
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TABLE OF CONTENTS
1 Market Overview
1.1 Thermal Management Product Introduction
1.2 Global Thermal Management Market Size Forecast (2020-2031)
1.3 Thermal Management Market Trends & Drivers
1.3.1 Thermal Management Industry Trends
1.3.2 Thermal Management Market Drivers & Opportunity
1.3.3 Thermal Management Market Challenges
1.3.4 Thermal Management Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Thermal Management Players Revenue Ranking (2024)
2.2 Global Thermal Management Revenue by Company (2020-2025)
2.3 Key Companies Thermal Management Manufacturing Base Distribution and Headquarters
2.4 Key Companies Thermal Management Product Offered
2.5 Key Companies Time to Begin Mass Production of Thermal Management
2.6 Thermal Management Market Competitive Analysis
2.6.1 Thermal Management Market Concentration Rate (2020-2025)
2.6.2 Global 5 and 10 Largest Companies by Thermal Management Revenue in 2024
2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Thermal Management as of 2024)
2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Conduction Cooling Devices
3.1.2 Convection Cooling Devices
3.1.3 Hybrid Cooling Devices
3.1.4 Others
3.2 Global Thermal Management Sales Value by Type
3.2.1 Global Thermal Management Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Thermal Management Sales Value, by Type (2020-2031)
3.2.3 Global Thermal Management Sales Value, by Type (%) (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Automotive
4.1.2 Aerospace and Defense
4.1.3 Servers and Data Centers
4.1.4 Consumer Electronics
4.1.5 Medical Equipment
4.1.6 Others
4.2 Global Thermal Management Sales Value by Application
4.2.1 Global Thermal Management Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Thermal Management Sales Value, by Application (2020-2031)
4.2.3 Global Thermal Management Sales Value, by Application (%) (2020-2031)
5 Segmentation by Region
5.1 Global Thermal Management Sales Value by Region
5.1.1 Global Thermal Management Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Thermal Management Sales Value by Region (2020-2025)
5.1.3 Global Thermal Management Sales Value by Region (2026-2031)
5.1.4 Global Thermal Management Sales Value by Region (%), (2020-2031)
5.2 North America
5.2.1 North America Thermal Management Sales Value, 2020-2031
5.2.2 North America Thermal Management Sales Value by Country (%), 2024 VS 2031
5.3 Europe
5.3.1 Europe Thermal Management Sales Value, 2020-2031
5.3.2 Europe Thermal Management Sales Value by Country (%), 2024 VS 2031
5.4 Asia Pacific
5.4.1 Asia Pacific Thermal Management Sales Value, 2020-2031
5.4.2 Asia Pacific Thermal Management Sales Value by Region (%), 2024 VS 2031
5.5 South America
5.5.1 South America Thermal Management Sales Value, 2020-2031
5.5.2 South America Thermal Management Sales Value by Country (%), 2024 VS 2031
5.6 Middle East & Africa
5.6.1 Middle East & Africa Thermal Management Sales Value, 2020-2031
5.6.2 Middle East & Africa Thermal Management Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Thermal Management Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Thermal Management Sales Value, 2020-2031
6.3 United States
6.3.1 United States Thermal Management Sales Value, 2020-2031
6.3.2 United States Thermal Management Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Thermal Management Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Thermal Management Sales Value, 2020-2031
6.4.2 Europe Thermal Management Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Thermal Management Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Thermal Management Sales Value, 2020-2031
6.5.2 China Thermal Management Sales Value by Type (%), 2024 VS 2031
6.5.3 China Thermal Management Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Thermal Management Sales Value, 2020-2031
6.6.2 Japan Thermal Management Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Thermal Management Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Thermal Management Sales Value, 2020-2031
6.7.2 South Korea Thermal Management Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Thermal Management Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Thermal Management Sales Value, 2020-2031
6.8.2 Southeast Asia Thermal Management Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Thermal Management Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Thermal Management Sales Value, 2020-2031
6.9.2 India Thermal Management Sales Value by Type (%), 2024 VS 2031
6.9.3 India Thermal Management Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 DENSO
7.1.1 DENSO Profile
7.1.2 DENSO Main Business
7.1.3 DENSO Thermal Management Products, Services and Solutions
7.1.4 DENSO Thermal Management Revenue (US$ Million) & (2020-2025)
7.1.5 DENSO Recent Developments
7.2 Valeo
7.2.1 Valeo Profile
7.2.2 Valeo Main Business
7.2.3 Valeo Thermal Management Products, Services and Solutions
7.2.4 Valeo Thermal Management Revenue (US$ Million) & (2020-2025)
7.2.5 Valeo Recent Developments
7.3 MAHLE
7.3.1 MAHLE Profile
7.3.2 MAHLE Main Business
7.3.3 MAHLE Thermal Management Products, Services and Solutions
7.3.4 MAHLE Thermal Management Revenue (US$ Million) & (2020-2025)
7.3.5 MAHLE Recent Developments
7.4 Hanon Systems
7.4.1 Hanon Systems Profile
7.4.2 Hanon Systems Main Business
7.4.3 Hanon Systems Thermal Management Products, Services and Solutions
7.4.4 Hanon Systems Thermal Management Revenue (US$ Million) & (2020-2025)
7.4.5 Hanon Systems Recent Developments
7.5 Honeywell
7.5.1 Honeywell Profile
7.5.2 Honeywell Main Business
7.5.3 Honeywell Thermal Management Products, Services and Solutions
7.5.4 Honeywell Thermal Management Revenue (US$ Million) & (2020-2025)
7.5.5 Honeywell Recent Developments
7.6 Vertiv
7.6.1 Vertiv Profile
7.6.2 Vertiv Main Business
7.6.3 Vertiv Thermal Management Products, Services and Solutions
7.6.4 Vertiv Thermal Management Revenue (US$ Million) & (2020-2025)
7.6.5 Vertiv Recent Developments
7.7 Gentherm
7.7.1 Gentherm Profile
7.7.2 Gentherm Main Business
7.7.3 Gentherm Thermal Management Products, Services and Solutions
7.7.4 Gentherm Thermal Management Revenue (US$ Million) & (2020-2025)
7.7.5 Gentherm Recent Developments
7.8 Delta
7.8.1 Delta Profile
7.8.2 Delta Main Business
7.8.3 Delta Thermal Management Products, Services and Solutions
7.8.4 Delta Thermal Management Revenue (US$ Million) & (2020-2025)
7.8.5 Delta Recent Developments
7.9 Laird
7.9.1 Laird Profile
7.9.2 Laird Main Business
7.9.3 Laird Thermal Management Products, Services and Solutions
7.9.4 Laird Thermal Management Revenue (US$ Million) & (2020-2025)
7.9.5 Laird Recent Developments
7.10 Boyd Corporation
7.10.1 Boyd Corporation Profile
7.10.2 Boyd Corporation Main Business
7.10.3 Boyd Corporation Thermal Management Products, Services and Solutions
7.10.4 Boyd Corporation Thermal Management Revenue (US$ Million) & (2020-2025)
7.10.5 Boyd Corporation Recent Developments
7.11 Heatex
7.11.1 Heatex Profile
7.11.2 Heatex Main Business
7.11.3 Heatex Thermal Management Products, Services and Solutions
7.11.4 Heatex Thermal Management Revenue (US$ Million) & (2020-2025)
7.11.5 Heatex Recent Developments
7.12 European Thermodynamics
7.12.1 European Thermodynamics Profile
7.12.2 European Thermodynamics Main Business
7.12.3 European Thermodynamics Thermal Management Products, Services and Solutions
7.12.4 European Thermodynamics Thermal Management Revenue (US$ Million) & (2020-2025)
7.12.5 European Thermodynamics Recent Developments
7.13 Advanced Cooling Technologies
7.13.1 Advanced Cooling Technologies Profile
7.13.2 Advanced Cooling Technologies Main Business
7.13.3 Advanced Cooling Technologies Thermal Management Products, Services and Solutions
7.13.4 Advanced Cooling Technologies Thermal Management Revenue (US$ Million) & (2020-2025)
7.13.5 Advanced Cooling Technologies Recent Developments
7.14 Dau Thermal Solutions
7.14.1 Dau Thermal Solutions Profile
7.14.2 Dau Thermal Solutions Main Business
7.14.3 Dau Thermal Solutions Thermal Management Products, Services and Solutions
7.14.4 Dau Thermal Solutions Thermal Management Revenue (US$ Million) & (2020-2025)
7.14.5 Dau Thermal Solutions Recent Developments
8 Industry Chain Analysis
8.1 Thermal Management Industrial Chain
8.2 Thermal Management Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Thermal Management Sales Model
8.5.2 Sales Channel
8.5.3 Thermal Management Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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