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.
Gentherm Incorporated
Autoneum Holding AG
*Disclaimer: Major Players sorted in no particular order
