Market Share of Thermal Management Technologies Industry
The thermal management technologies market is significantly fragmented, with no player accounting for a significant market share. Also, the number of local players is increasing in this market, resulting in increasing competition.
In January 2022 - Parker Lord, a division of Parker Hannifin, expanded its portfolio of products for electric vehicle manufacturers to include new thermally conductive adhesives and one-component (1K) low-density gap fillers to support their product offering of thermal management encapsulants, adhesives, and gap fillers.
In June 2021 - Gentherm announced that it had emerged as the lead investor in a seed round of financing in Israel-based Carrar, a technology developer of advanced thermal management systems for the electric mobility market.
Thermal Management Technologies Market Leaders
Parker Hannifin Corporation
Advanced Cooling Technologies Inc.
Honeywell International Inc.
Autoneum Holding AG
*Disclaimer: Major Players sorted in no particular order