Thermal management system industry trends: technological innovation and market prospects
introduction
In recent years, with the growing global demand for sustainable development and energy efficiency improvements, thermal management systems have become the focus of various industries. From electronic equipment to electric vehicles, from data centers to industrial manufacturing, efficient thermal management solutions can not only improve equipment operating efficiency and extend service life, but also significantly reduce energy consumption and environmental impact. This article will comprehensively analyze recent technological innovations and market trends in thermal management systems and explore the development prospects of this industry.
Market size and share forecast
According to the latest report by Fortune Business Insights, the thermal management systems market is expected to reach significant size by 2034. This report points out that with the continuous advancement of technology and the expansion of application fields, the market demand for thermal management systems will continue to grow, especially in areas such as electric vehicles, 5G communication equipment, and data centers.
The report also highlights that policy support and corporate investment globally are key factors driving market growth. For example, governments' subsidy policies for electric vehicles and companies' investment in efficient and energy-saving solutions are accelerating the commercialization of thermal management technology.
Technological innovation: The rise of dual-phase cold plate cooling technology
On November 27, 2025, IDTechEx published an article on dual-phase cold plate cooling technology, stating that this technology is expected to achieve rapid application in 2026-2027. Dual-phase cold plate cooling technology achieves efficient heat transfer by simultaneously utilizing the phase changes of liquid and gas during the cooling process. Compared with traditional cooling methods, it has higher cooling efficiency and lower energy consumption.
This technology is particularly suitable for high power density applications such as data centers, high-performance computing equipment and electric vehicles. IDTechEx analysts believe that as the requirements for cooling efficiency continue to increase, dual-phase cold plate cooling technology will become an important trend in the future market.
Scientific research progress: new double-sided Janus foam material
On February 3, 2026, Associate Professor Liang Fuxin of Tsinghua University published an article on the new double-sided Janus foam material in "Nature Communications". Through its unique double-sided structure, this material can achieve efficient heat conduction and thermal isolation in different directions, providing new ideas for the design of thermal management systems.
Specifically, one side of this material has high thermal conductivity, which can quickly conduct heat away; while the other side has low thermal conductivity, which can effectively prevent heat from flowing back. This bifacial property makes Janus foam materials have broad application prospects in fields such as electronic equipment, building insulation and aerospace.
Corporate news: Henkel opens innovation center in Shanghai
On September 24, 2025, Germany's Henkel opened an innovation center in Shanghai with an investment of US$71 million, focusing on the research and development of adhesive technology. Adhesives are increasingly used in thermal management systems, especially in electric vehicles and electronics, where efficient thermal management adhesives can help devices better dissipate heat and improve overall performance.
Henkel said that the new innovation center will strengthen its research and development capabilities in the Asia-Pacific region and promote the development and application of more advanced thermal management solutions. This move will not only contribute to Henkel's competitive advantage in the global market, but will also promote the development of the entire industry.
Market Reaction: Related Stock Performance
On August 18, 2025, robot-related stocks in the Hong Kong stock market performed well, with the stock prices of Sanhua Intelligent Control and Johnson Controls rising by 10% and 9% respectively. These two companies have important layouts in the field of thermal management, especially in efficient cooling systems and intelligent thermal management technology.
The positive market reaction to the stocks of these two companies reflects investor optimism about the future of thermal management system technology. As new technologies continue to be introduced and market demand grows, the performance of these companies is expected to continue to improve.
in conclusion
The market demand for thermal management systems continues to rise, and technological innovation and policy support are key factors driving market development. The emergence of dual-phase cold plate cooling technology and new double-sided Janus foam materials provide new directions for thermal management solutions, while Henkel’s Innovation Center further enhances R&D capabilities in this area. With the commercial application of these technologies, the market prospects of thermal management systems will become broader.
📰 Reference source
- Thermal management system market size and share [2034]- Fortune Business Insights (2026-04-27)
- Two-Phase Cold Plate Cooling Will Take Off as Early as 2026-2027- IDTechEx (2025-11-27)
- 清华大学梁福鑫副教授《自然·通讯》：新型双面Janus泡沫材料，实现高效定向热管理！- 腾讯新闻 (2026-02-03)
- Germany's Henkel Opens USD71 Million Inspiration Center for Adhesive Techs in Shanghai- Yicai Global (2025-09-24)
- HK Movers | Robot Stocks Jump With Sanhua up 10%, Johnson Electric up 9%- Tiger Brokers (2025-08-18)
❓ FAQ
热管理系统的市场需求在未来几年将如何变化？
根据Fortune Business Insights的最新报告，热管理系统市场预计在2034年将达到显著规模，市场需求将持续增长，尤其是在电动汽车、5G通信设备和数据中心等领域。
双相冷板冷却技术有什么优势？
双相冷板冷却技术通过在冷却过程中同时利用液体和气体的相变，实现高效的热传递，相比传统冷却方法，具有更高的冷却效率和更低的能耗，特别适用于高功率密度的应用场景，如数据中心、高性能计算设备和电动汽车。
清华大学关于新型双面Janus泡沫材料的研究成果是什么？
清华大学梁福鑫副教授在《自然·通讯》上发表的研究指出，新型双面Janus泡沫材料通过其独特的双面结构，能够在不同方向上实现高效的热传导和热隔离，这种材料在电子设备、建筑隔热和航空航天等领域具有广泛的应用前景。
汉高的上海创新中心将如何影响热管理系统行业？
汉高在上海开设的创新中心，专注于粘合剂技术的研发，投资额达7100万美元。这一举措将加强其在亚太地区的研发能力，推动更多先进的热管理解决方案的开发和应用，有助于增强汉高在全球市场上的竞争优势，同时促进整个行业的发展。
市场对热管理系统技术前景的态度如何？
香港股市中三花智控和江森自控的股价分别上涨了10%和9%，反映了投资者对热管理系统技术前景的乐观态度。随着新技术的不断推出和市场需求的增长，预计这些公司的业绩将持续改善。