Global Thermal Management Market: Projected Growth from USD 10.79 Billion in 2023 to USD 20.46 Billion by 2030, with a CAGR of 8.6%
The Global Thermal Management Market was valued at USD 10.79 billion in 2023 and is projected to reach USD 20.46 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.6% during the forecast period. This growth is driven by increasing demand for thermal management solutions across various industries, particularly in electronics, automotive, and aerospace sectors. As electronic devices become more compact and powerful, effective heat dissipation has become critical, fueling advancements in thermal management technologies. Additionally, the adoption of electric vehicles and renewable energy systems further bolsters the demand for advanced thermal management solutions. Thermal Management Market Overview: The thermal management market is poised for significant growth as industries increasingly recognize the importance of effective heat control in enhancing the performance and longevity of electronic devices and systems. Thermal management solutions, which include mater