Thermal Management Technologies Market Size, Share, Growth Analysis, By Type(Hardware, Software), By Application(Computers, Consumer Electronics) - Industry Forecast 2024-2031

North America is predicted to account for a major share of the global thermal management technologies marketplace across the forecast period. Growing investments in the development of new thermal management solutions and the presence of key market players such as Honeywell, Parker-Hannifin, Gentherm Inc., etc. Allow this region to hold prominence in the global landscape over the coming years. Surging sales of consumers electronics and rising number of electric vehicles in this region also favor market development. Canada and the United States are forecasted to spearhead thermal management technologies demand outlook in North America through 2031.

Meanwhile, the demand for thermal management technologies in the Asia Pacific region is slated to increase at a rapid pace over the coming years owing to the presence of robust electronics manufacturing industry and growing demand for advanced thermal management technologies in different industry verticals. Rising adoption of renewable energy and high demand for electric vehicles are also estimated to create high demand for thermal management technologies in the Asia Pacific region going forward. China, India, and Japan are slated to be the top markets for thermal management technologies providers in this region.