According to a new report, published by KBV research, The Global Thermal Management Technologies Market size is expected to reach $27.4 billion by 2031, rising at a market growth of 9.9% CAGR during the forecast period.
The Adhesive Material segment captured the maximum revenue in the Global Thermal Management Technologies Market by Material in 2023; thereby, achieving a market value of $15.2 billion by 2031. Adhesive materials, such as thermal tapes, pads, and pastes, are widely used in electronic devices for efficient heat transfer between components and cooling systems. Their ease of application, flexibility, and effectiveness in managing thermal loads, particularly in compact and complex electronic systems like smartphones, laptops, and wearables, contributed to their dominant market position.
The Convection Cooling Devices segment would register a CAGR of 10.1% during (2024 - 2031). Convection cooling devices, which rely on the movement of air or liquid to dissipate heat, are commonly used in data centers, automotive systems, and high-performance computing environments. The significant market presence of convection cooling technologies was influenced by the increase in demand for cloud computing and electric vehicles, which necessitate efficient cooling systems to maintain performance.
The Installation & Calibration segment is leading the dominated the Global Thermal Management Technologies Market by Service in 2023; thereby, achieving a market value of $15.3 billion by 2031. This segment encompasses the initial setup of thermal management systems, ensuring that they are properly integrated and calibrated to meet the specific cooling requirements of various devices and systems. With the increasing complexity of thermal solutions in industries like data centers, automotive, and industrial automation, the demand for precise installation and calibration services has surged, driving revenue growth in this segment.
The Service & Data Centers segment is exhibiting a CAGR of 9.5% during (2024 - 2031). With the expansion of cloud computing, artificial intelligence, and big data analytics, data centers have seen an exponential increase in heat generation, making efficient cooling systems essential to prevent overheating and maintain operational reliability. Data centers require continuous cooling to handle high workloads, leading to increased adoption of advanced cooling systems, such as liquid and immersion cooling technologies.
Full Report: https://www.kbvresearch.com/thermal-management-technologies-market/
The North America market dominated the Global Thermal Management Technologies Market by Region in 2023; thereby, achieving a market value of $9.5 billion by 2031. The Europe region is poised to grow at a CAGR of 9.7% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 10.4% during (2024 - 2031).
By Material
By Device
By Service
By End-use
By Geography
Unique Offerings 
