Thermal management system industry trends in 2025: technological progress and investment enthusiasm
introduction
In 2025, the thermal management system (Thermal Management) industry will usher in a series of major developments, from technological innovation to capital market investment, all showing the continued popularity and huge potential of this field. This article will comprehensively analyze recent industry trends and explore the reasons and development trends behind them.
Technological innovation leads industry change
Two-phase cold plate cooling technology reaches breakthrough
According to IDTechEx reports, two-phase cold plate cooling technology is expected to usher in rapid development in 2026-2027. This technology greatly improves heat dissipation efficiency by utilizing the phase change effect of liquid during the cooling process. This will be one of the key technologies to solve the heat dissipation problem of more and more high-performance electronic devices. As the integration of electronic equipment continues to increase, the demand for cooling systems is also growing. Breakthroughs in two-phase cold plate cooling technology will bring new development opportunities to the thermal management system industry.
Three-dimensional packaging integration technology promotes innovation in heat dissipation materials
Two experts from Shanghai Jiao Tong University and Wuhan University described in detail the latest progress in three-dimensional packaging integration technology in a report on Science Network. Three-dimensional packaging technology greatly improves integration and functional density by stacking multiple chips together, but it also brings more complex thermal management challenges. Experts pointed out that the development and application of new heat dissipation materials will be the key to solving this problem. As this technology matures, the thermal management system industry will face more diverse and complex needs, and will also spawn more technological innovations.
Market size continues to expand
A report released by Fortune Business Insights shows that the thermal management system market will continue to expand in the next few years, and the market size and share are expected to grow significantly by 2034. The report points out that the rapid development of electric vehicles, data centers, 5G communications and other fields are the main factors driving the growth of the thermal management system market. Especially in the electric vehicle market, with the advancement of battery technology and the improvement of cruising range, the demand for efficient thermal management solutions is becoming increasingly urgent.
Positive reaction from capital markets
Yile Thermal Management Completes Oversubscribed Pre-Series A Financing
36Kr reported that Yile Thermal Management successfully completed the Pre-A round of financing, and the financing was oversubscribed. This shows that investors are confident in the prospects of the thermal management systems industry. Yile Thermal Management specializes in developing advanced thermal solutions, including two-phase cold plate cooling technology. The success of this financing will help the company accelerate technology research and development and market expansion.
Contributions to academia
Xi'an Jiaotong University doctoral student won IHTC-17 Best Paper Award
Liu Jiaxuan, a doctoral student from the School of Chemical Engineering of Xi'an Jiaotong University, won the best paper award at the 17th International Thermal Management Conference (IHTC-17). His research topic was the application of new heat dissipation materials. This award not only reflects the academic community’s profound research foundation in the field of thermal management systems, but also brings new technical and theoretical support to the industry. Liu Jiaxuan's research results are expected to be transformed into practical applications in the future and promote the further development of the thermal management system industry.
Summary and Outlook
Taken together, the thermal management system industry in 2025 has made significant progress in technological innovation, market expansion and academic research. Breakthroughs in two-phase cold plate cooling technology and three-dimensional packaging integration technology will bring new growth points to the industry. At the same time, active investment in the capital market also shows high recognition and support for this field. With the continued development of electric vehicles, data centers, 5G communications and other fields, the thermal management system industry will usher in a broader development space.
In the future, the thermal management system industry will continue to face new challenges and opportunities. The dual drive of technological innovation and market demand will prompt more companies to invest in this field and promote the further maturity and prosperity of the industry. Research results from academia will also provide important theoretical and technical support to the industry, helping companies stay ahead of the competition.
📰 Reference source
- Yile Thermal Management Completes Oversubscribed Pre-Series A Financing- 36Kr (2025-09-08)
- Two-phase cold plate cooling technology will usher in rapid development in 2026-2027- IDTechEx (2025-11-27)
- Two experts from Shanghai Jiao Tong University and Wuhan University talk about three-dimensional packaging integration technology- Science Network—News (2025-06-10)
- Thermal management system market size and share [2034]- Fortune Business Insights (2026-04-20)
- Liu Jiaxuan, a doctoral student from the School of Chemical Engineering of Xi'an Jiaotong University, won the IHTC-17 Best Paper Award- Xi'an Jiaotong University News Network (2023-08-23)
FAQ
What are the major technological breakthroughs in the thermal management systems industry in 2025?
In 2025, the main technological breakthroughs in the thermal management system industry include the development of two-phase cold plate cooling technology, which improves heat dissipation efficiency by utilizing the liquid phase transition effect, and the advancement of three-dimensional packaging integration technology. The maturity of this technology has led to the development and application of new heat dissipation materials.
What are the main advantages of two-phase cold plate cooling technology?
The main advantage of two-phase cold plate cooling technology is that it can greatly improve the heat dissipation efficiency by taking advantage of the phase change effect of the liquid in the cooling process, and effectively solve the increasingly complex heat dissipation problem in high-performance electronic equipment.
What are the main factors driving the market demand for thermal management systems?
The main factors driving the growth of the thermal management system market demand include the rapid development in areas such as electric vehicles, data centers, and 5G communications. Especially with the improvement of battery technology and endurance range, the demand for efficient thermal management solutions in the electric vehicle market has become more urgent.
What was the success of Yile Thermal Management's Pre-A round of funding?
Yile Thermal Management successfully completed the Pre-A round of financing and completed the oversubscription. The company focuses on the development of advanced cooling solutions, including two-phase cold plate cooling technology, and the success of this financing will help accelerate the development and market expansion of the technology.
What recent contributions have academia made in the field of thermal management systems?
Recently, Liu Jiaxuan, a doctoral student in the School of Chemical Engineering of Xi 'an Jiaotong University, won the best paper award at the 17th International Thermal Management Conference (IHTC-17), focusing on the application of new heat dissipation materials. This achievement provides the industry with new technical and theoretical support to help drive the continued development of the thermal management system industry.