Thermal Management Systems Market
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Thermal
Management Systems Market Size and Growth
The global Thermal Management Systems market is poised for significant growth, driven by advancements in electronic devices and rising demands for energy efficiency. Valued at approximately $15 billion in 2023, the market is projected to expand at a CAGR of 8% over the next five years, reflecting evolving technology and regulatory trends.
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Companies Covered
(Covid 19 Impact Covered)
◍ Collins Aerospace
◍ Parker Hannifin Corp
◍ Meggitt
◍ AMETEK
◍ Honeywell International
◍ Advanced Cooling Technologies
◍ Boyd
◍ Sumitomo Precision Products
The Thermal Management Systems Market is competitive with key players like Collins Aerospace, Parker Hannifin, Meggitt, AMETEK, Honeywell, Advanced Cooling Technologies, Boyd, and Sumitomo Precision Products. These companies innovate and enhance thermal solutions, facilitating market growth by improving efficiency and reliability in various applications.
Sales Revenue Highlights:
- Honeywell: Approximately $36 billion
- Parker Hannifin: Around $14 billion
- AMETEK: Roughly $5.5 billion
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Market Segmentation
By Application
Military
Aerospace
Shipping
Others
By Product
◍ Air Cycle Refrigeration Technology
Vapor Cycle Refrigeration Technology
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Market Growth
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$ X Billion USD
