The global thermal management market size is calculated at USD 15.27 billion in 2024, grew to USD 16.82 billion in 2025, and is predicted to hit around USD 39.98 billion by 2034, expanding at a CAGR of 10.1% between 2024 and 2034. The North America thermal management market size accounted for USD 4.89 billion in 2024 and is anticipated to grow at the fastest CAGR of 10.26% during the forecast year.
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Thermal Management Market
5.1. COVID-19 Landscape: Thermal Management Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Thermal Management Market, By Material
8.1. Thermal Management Market, by Material, 2024-2034
8.1.1. Adhesive Material
8.1.1.1. Market Revenue and Forecast (2021-2034)
8.1.2. Non-Adhesive Material
8.1.2.1. Market Revenue and Forecast (2021-2034)
Chapter 9. Global Thermal Management Market, By Device
9.1. Thermal Management Market, by Device, 2024-2034
9.1.1. Conduction Cooling Device
9.1.1.1. Market Revenue and Forecast (2021-2034)
9.1.2. Convection Cooling Device
9.1.2.1. Market Revenue and Forecast (2021-2034)
9.1.3. Advance Cooling Device
9.1.3.1. Market Revenue and Forecast (2021-2034)
9.1.4. Others
9.1.4.1. Market Revenue and Forecast (2021-2034)
Chapter 10. Global Thermal Management Market, By Service
10.1. Thermal Management Market, by Service, 2024-2034
10.1.1. Installation & Calibration
10.1.1.1. Market Revenue and Forecast (2021-2034)
10.1.2. Optimization & Post sales Service
10.1.2.1. Market Revenue and Forecast (2021-2034)
Chapter 11. Global Thermal Management Market, By End User
11.1. Thermal Management Market, by End User, 2024-2034
11.1.1. Consumers Electronics
11.1.1.1. Market Revenue and Forecast (2021-2034)
11.1.2. Service & Data Centers
11.1.2.1. Market Revenue and Forecast (2021-2034)
11.1.3. Automotive
11.1.3.1. Market Revenue and Forecast (2021-2034)
11.1.4. Healthcare
11.1.4.1. Market Revenue and Forecast (2021-2034)
11.1.5. Others
11.1.5.1. Market Revenue and Forecast (2021-2034)
Chapter 12. Global Thermal Management Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Material (2021-2034)
12.1.2. Market Revenue and Forecast, by Device (2021-2034)
12.1.3. Market Revenue and Forecast, by Service (2021-2034)
12.1.4. Market Revenue and Forecast, by End User (2021-2034)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Material (2021-2034)
12.1.5.2. Market Revenue and Forecast, by Device (2021-2034)
12.1.5.3. Market Revenue and Forecast, by Service (2021-2034)
12.1.5.4. Market Revenue and Forecast, by End User (2021-2034)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Material (2021-2034)
12.1.6.2. Market Revenue and Forecast, by Device (2021-2034)
12.1.6.3. Market Revenue and Forecast, by Service (2021-2034)
12.1.6.4. Market Revenue and Forecast, by End User (2021-2034)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Material (2021-2034)
12.2.2. Market Revenue and Forecast, by Device (2021-2034)
12.2.3. Market Revenue and Forecast, by Service (2021-2034)
12.2.4. Market Revenue and Forecast, by End User (2021-2034)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Material (2021-2034)
12.2.5.2. Market Revenue and Forecast, by Device (2021-2034)
12.2.5.3. Market Revenue and Forecast, by Service (2021-2034)
12.2.5.4. Market Revenue and Forecast, by End User (2021-2034)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Material (2021-2034)
12.2.6.2. Market Revenue and Forecast, by Device (2021-2034)
12.2.6.3. Market Revenue and Forecast, by Service (2021-2034)
12.2.6.4. Market Revenue and Forecast, by End User (2021-2034)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Material (2021-2034)
12.2.7.2. Market Revenue and Forecast, by Device (2021-2034)
12.2.7.3. Market Revenue and Forecast, by Service (2021-2034)
12.2.7.4. Market Revenue and Forecast, by End User (2021-2034)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Material (2021-2034)
12.2.8.2. Market Revenue and Forecast, by Device (2021-2034)
12.2.8.3. Market Revenue and Forecast, by Service (2021-2034)
12.2.8.4. Market Revenue and Forecast, by End User (2021-2034)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Material (2021-2034)
12.3.2. Market Revenue and Forecast, by Device (2021-2034)
12.3.3. Market Revenue and Forecast, by Service (2021-2034)
12.3.4. Market Revenue and Forecast, by End User (2021-2034)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Material (2021-2034)
12.3.5.2. Market Revenue and Forecast, by Device (2021-2034)
12.3.5.3. Market Revenue and Forecast, by Service (2021-2034)
12.3.5.4. Market Revenue and Forecast, by End User (2021-2034)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Material (2021-2034)
12.3.6.2. Market Revenue and Forecast, by Device (2021-2034)
12.3.6.3. Market Revenue and Forecast, by Service (2021-2034)
12.3.6.4. Market Revenue and Forecast, by End User (2021-2034)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Material (2021-2034)
12.3.7.2. Market Revenue and Forecast, by Device (2021-2034)
12.3.7.3. Market Revenue and Forecast, by Service (2021-2034)
12.3.7.4. Market Revenue and Forecast, by End User (2021-2034)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Material (2021-2034)
12.3.8.2. Market Revenue and Forecast, by Device (2021-2034)
12.3.8.3. Market Revenue and Forecast, by Service (2021-2034)
12.3.8.4. Market Revenue and Forecast, by End User (2021-2034)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Material (2021-2034)
12.4.2. Market Revenue and Forecast, by Device (2021-2034)
12.4.3. Market Revenue and Forecast, by Service (2021-2034)
12.4.4. Market Revenue and Forecast, by End User (2021-2034)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Material (2021-2034)
12.4.5.2. Market Revenue and Forecast, by Device (2021-2034)
12.4.5.3. Market Revenue and Forecast, by Service (2021-2034)
12.4.5.4. Market Revenue and Forecast, by End User (2021-2034)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Material (2021-2034)
12.4.6.2. Market Revenue and Forecast, by Device (2021-2034)
12.4.6.3. Market Revenue and Forecast, by Service (2021-2034)
12.4.6.4. Market Revenue and Forecast, by End User (2021-2034)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Material (2021-2034)
12.4.7.2. Market Revenue and Forecast, by Device (2021-2034)
12.4.7.3. Market Revenue and Forecast, by Service (2021-2034)
12.4.7.4. Market Revenue and Forecast, by End User (2021-2034)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Material (2021-2034)
12.4.8.2. Market Revenue and Forecast, by Device (2021-2034)
12.4.8.3. Market Revenue and Forecast, by Service (2021-2034)
12.4.8.4. Market Revenue and Forecast, by End User (2021-2034)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Material (2021-2034)
12.5.2. Market Revenue and Forecast, by Device (2021-2034)
12.5.3. Market Revenue and Forecast, by Service (2021-2034)
12.5.4. Market Revenue and Forecast, by End User (2021-2034)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Material (2021-2034)
12.5.5.2. Market Revenue and Forecast, by Device (2021-2034)
12.5.5.3. Market Revenue and Forecast, by Service (2021-2034)
12.5.5.4. Market Revenue and Forecast, by End User (2021-2034)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Material (2021-2034)
12.5.6.2. Market Revenue and Forecast, by Device (2021-2034)
12.5.6.3. Market Revenue and Forecast, by Service (2021-2034)
12.5.6.4. Market Revenue and Forecast, by End User (2021-2034)
Chapter 13. Company Profiles
13.1. Aavid Thermalloy, LLC
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Advanced Cooling Technologies, Inc.
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Boyd Corporation
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Delta Electronics, Inc.
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Fujikura Ltd.
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Gentherm Incorporated
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Honeywell International Inc.
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Laird Thermal Systems
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Master Bond Inc.
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Paker Hannifin Corporation
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
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