Los Angeles, CA -- (SBWIRE) -- 02/19/2019 -- 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.

In application, Thermal Management downstream is wide and recently Thermal Management has acquired increasing significance in various fields of Automotive, Aerospace and Defense, Servers and Data Centers, Consumer Electronics and others. Globally, the Thermal Management market is mainly driven by growing demand for Automotive which accounts for nearly 85% of total downstream consumption of Thermal Management.

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In the future, global market is expected to witness significant growth on account of rising applications, so in the next few years, Thermal Management production will show a trend of steady growth. In 2024 the production of Thermal Management is estimated to be 133958 K Units.

The global Thermal Management market is valued at 52000 million US$ in 2018 is expected to reach 70300 million US$ by the end of 2025, growing at a CAGR of 3.8% during 2019-2025.

This report focuses on Thermal Management volume and value at global level, regional level and company level. From a global perspective, this report represents overall Thermal Management market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.

At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

The following manufacturers are covered:

DENSO, Valeo, MAHLE, Hanon Systems, Honeywell, Vertiv, Gentherm, Delta, Laird, Boyd Corporation, Heatex, European Thermodynamics, Advanced Cooling Technologies, Dau Thermal Solutions

Segment by Type

Conduction Cooling Devices, Convection Cooling Devices, Hybrid Cooling Devices, Others

Segment by Application

Automotive, Aerospace and Defense, Servers and Data Centers, Consumer Electronics, Medical Equipment

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