The thermal management system industry opens a new era: technological innovation and market expansion
Industry Overview
As a key component in the high-tech industry, thermal management systems have received widespread attention in recent years. As the temperature control requirements of various industries increase, thermal management systems are not only more widely used in automobiles, electronics, aerospace and other fields, but also show unprecedented vitality in terms of market size and technological innovation.
Market size forecast
The global thermal management system market is growing steadily
according toFortune Business InsightsAccording to the latest report, the global thermal management system market size is expected to continue to grow until 2034. This forecast is based on the continued increase in demand for thermal management, especially in key industries such as electronic equipment, renewable energy, and transportation.
The market prospects for avionics thermal management systems are promising

Also fromFortune Business InsightsAnother report from , shows that the size of the avionics thermal management system market will also grow significantly by 2034. This growth is mainly driven by the increased demand for advanced electronic equipment in modern aircraft, which generate heat during operation and require effective thermal management systems to ensure their safe and efficient operation.
technological innovation
New double-sided Janus foam material for efficient directional thermal management
In the field of materials science, the latest research results published by Associate Professor Liang Fuxin of Tsinghua University and his team in the top international journal "Nature Communications" have attracted widespread attention. They developed a new type of double-sided Janus foam material that can achieve efficient directional thermal management and is of great significance for improving the heat dissipation performance of electronic equipment and other heat-sensitive components. The material is characterized by having different thermal conductivity properties on both sides, allowing heat to be effectively directed to the side that needs to be dissipated while maintaining a lightweight structure.(Source: QQ News)
Two-phase cold plate cooling technology is about to be commercialized
In terms of cooling technology,IDTechExIt is predicted that two-phase cold plate cooling technology may enter the commercial application stage as early as 2026-2027. This technology is particularly critical for solving the heat dissipation problem of high-density electronic equipment. It can significantly improve cooling efficiency, reduce energy consumption, and reduce operating costs.
Industry application cases

Chery Battery Night: Display of three major batteries and energy ecosystems
At the "Battery Night" event held by Chery, it showed the outside world three major battery types including lithium batteries, solid-state batteries and hydrogen fuel cells, as well as a complete energy ecosystem built around these batteries. Chery particularly emphasized the important role of the thermal management system in optimizing battery performance, pointing out that efficient thermal management can not only improve the charging and discharging efficiency of the battery, but also extend the service life of the battery.(Source: BitAuto)
Technological progress drives market development
The continuous advancement of technology provides strong support for the development of the thermal management system industry. With the commercialization of double-sided Janus foam materials and two-phase cold plate cooling technology, it is expected to greatly promote the performance improvement and cost reduction of related products, which will not only help the expansion of existing markets, but also create conditions for the development of new markets. Especially in the field of avionics, the application of efficient thermal management systems plays a vital role in improving flight safety and reducing maintenance costs.
📰 Reference source
- Thermal management system market size and share [2034]- Fortune Business Insights (2026-04-27)
- Associate Professor Liang Fuxin of Tsinghua University "Nature Communications": New double-sided Janus foam material achieves efficient directional thermal management!- QQ News (2026-02-03)
- Two-Phase Cold Plate Cooling Will Take Off as Early as 2026-2027- IDTechEx (2025-11-27)
- 2034 - Fortune Business Insights (2026-04-13)
- The Chery Battery Evening: the three main batteries plus energy ecosystem have been unveiled- BitAuto (2026-03-20)
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