Manufacturing / Thermal Management Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players DENSO, Valeo, MAHLE, Hanon Systems, Honeywell
Thermal Management Market - Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players DENSO, Valeo, MAHLE, Hanon Systems, Honeywell
Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Thermal Management Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 8.2% during the review period (2022 to 2027).
Thermal Management Market Overview
The thermal management devices supply chain is highly dependent on OEMs and raw material suppliers, which are unable to function owing to the lockdowns enforced across different countries of the world. The market is also dependent on the demand for thermal management solutions from the consumer electronics market. China is the largest consumer and producer of various consumer electronic products. The shutdown of the production activities in China led manufacturers of consumer electronic products that are based in the US and Europe to temporarily hold their production activities. As of April 2020, China had resumed its production while the rest of the world had either stopped or are carrying out limited production. So, even after manufacturing activities have resumed in China, the country is not finding too many buyers for its products in the international market owing to lockdowns imposed in several countries. This gap in demand and supply is leading to a decline in the global trade of thermal management devices.
DENSO Thermal Systems S.p.A. was established in 1987 as Magneti Marelli Climatizzazione at a time when the Fiat Group and Magneti Marelli decided to enter the growing car air-conditioning industry.
S.p.A.What are the major Applications, Types and Regions for Thermal ManagementMarket?
By Type, it is segmented into
Conduction Cooling Devices
Convection Cooling Devices
Hybrid Cooling Devices
Others
By Applications
Automotive
Aerospace and Defense
Servers and Data Centers
Consumer Electronics
Medical Equipment
Others
Thermal Management Market Regional Analysis
The North American region is expected to account for the largest market share, attributed to the increasing investments for the technological solutions, adoption of the thermal management technologies by various domains, and low operational cost. Some of the prominent players in the thermal management technologies, such as Parker-Hannifin Corp, Advanced Cooling Technologies Inc., Honeywell International Inc., and Gentherm Inc., are headquartered in this region
Increasing the adoption of renewable energy resources is the primary factor driving the thermal energy storage market. Installations of concentrated solar power plants with thermal energy storage technologies are expected to fuel the growth of the market studied in this region.
All these factors greatly affect the Thermal Management Market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Thermal Management Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Thermal Management Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Thermal Management Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2028 CAGR
CAGR of 8.2 % during the review period (2022 to 2027).
Yes, the report can be customized as per your needs
Key Takeaways from this Healthcare IT Report
Evaluate Thermal Management Market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Thermal Management Market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
Frequently Asked Questions
What is the study period of this market?
The Thermal Management Market is studied from 2017 - 2027.
What is the growth rate of Thermal Management Market?
The Thermal Management Market is growing at a CAGR of 8.2% over the next 5 years.
Who are the key players in Thermal Management Market?
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
