Thermal management industry innovation progress and market forecast
introduction
With the rapid development of information technology, there is an increasing demand for thermal management technology in data centers, electric vehicles, aerospace and other fields. An efficient and reliable thermal management system can not only improve the operating efficiency and reliability of equipment, but also significantly reduce energy consumption and environmental pollution. Recently, domestic and foreign research institutions and companies have made a series of important progress in the field of thermal management, which this article will review.
Market prospects and scale
Global market for thermal management systems
According to the latest report from Fortune Business Insights, the thermal management system market size is expected to reach tens of billions of dollars by 2034. This growth is mainly due to the rapid development of industries such as data centers, electronic equipment, electric vehicles and aerospace, which have rising demand for efficient thermal management technology.
Data center thermal management technology and market

The "Data Center Thermal Management Technology and Market-2026 Edition" report recently released by Electronic Engineering Issues pointed out that the thermal management technology of data centers is undergoing a revolution. Traditional air cooling methods can no longer meet the needs of high-performance computing and large-scale data processing. New cooling methods such as liquid cooling technology and phase change materials have gradually become mainstream. These technologies not only improve data center energy efficiency, but also reduce maintenance costs and improve equipment reliability.
technological innovation
New Double-Sided Janus Foam
Research published by Associate Professor Liang Fuxin of Tsinghua University in Nature Communications shows that the new double-sided Janus foam material can achieve efficient directional thermal management. Through its unique double-sided structure, this material can exhibit different thermal conductivity properties in different environments, allowing for precise thermal management. This discovery is expected to have broad applications in electronic devices and battery thermal management.
Research on dynamic thermal management of magnetic field-tuned phase change materials
Chinese scholars have made important progress in research on dynamic thermal management of magnetic field-tuned phase change materials. This technology can dynamically adjust the thermal properties of phase change materials under the action of an external magnetic field to achieve more flexible thermal management. This has important implications for areas such as high-performance computing, electric vehicles and energy storage systems, especially in applications that require rapid response to thermal changes.
Future trends and applications

Two-phase cold plate cooling technology
IDTechEx's report "Two-Phase Cold Plate Cooling Will Take Off as Early as 2026-2027" points out that two-phase cold plate cooling technology is expected to achieve large-scale application in 2026-2027. This technology effectively improves cooling efficiency through the phase change process of liquid coolant, especially in high-power density electronic equipment and electric vehicles. The development of two-phase cold plate cooling technology will significantly promote the development of related industries.
Summarize
The thermal management industry is in a stage of rapid development, and technological innovation has brought new opportunities to the market. From new materials to advanced cooling technologies, research and applications in various fields are gradually advancing, and significant breakthroughs are expected to be achieved in the next few years. For enterprises and research institutions, continuing to pay attention to these technology and market dynamics will help grasp important trends in future development.
📰 Reference source
- Thermal management system market size and share [2034]- Fortune Business Insights (2026-04-27)
- "Data Center Thermal Management Technology and Market-2026 Edition"- Electronic Engineering Special (2026-03-02)
- Associate Professor Liang Fuxin of Tsinghua University "Nature Communications": New double-sided Janus foam material achieves efficient directional thermal management!- Tencent News (2026-02-03)
- Two-Phase Cold Plate Cooling Will Take Off as Early as 2026-2027- IDTechEx (2025-11-27)
- Chinese scholars have made progress in the study of dynamic thermal management of magnetic field tuned phase change materials.- nsfc.gov.cn (2026-01-29)
FAQ
What size is the global market for thermal management systems expected to reach by 2034?
According to a new report from Fortune Business Insights, the thermal management system market is expected to reach tens of billions of dollars by 2034.
Why is liquid cooling technology and phase change materials the new mainstream in data center thermal management?
The report of the electronic engineering album pointed out that traditional air cooling methods can no longer meet the needs of high-performance computing and large-scale data processing. New cooling methods such as liquid cooling technology and phase change materials have gradually become mainstream because they can improve the energy efficiency of data centers, reduce maintenance costs and improve equipment reliability.
What are the features and potential applications of the new double-sided Janus foam?
Research by Associate Professor Liang Fuxin of Tsinghua University shows that the new double-sided Janus foam material can exhibit different thermal conductivity properties in different environments and achieve accurate thermal management through its unique double-sided structure. This discovery is expected to be widely used in the thermal management of electronic devices and batteries.
How Does Dynamic Thermal Management Technology for Magnetic Field Tuned Phase Change Materials Work?
The dynamic thermal management technology of magnetic field tuned phase change materials studied by Chinese scholars can dynamically adjust the thermal properties of phase change materials under the action of external magnetic fields to achieve more flexible thermal management. This is particularly important in areas requiring rapid response to thermal changes such as high-performance computing, electric vehicles, and energy storage systems.
When is two-phase cold plate cooling expected to start on a large scale?
According to the IDTechEx report, the two-phase cold plate cooling technology is expected to achieve large-scale applications in 2026-2027. This technology greatly improves the cooling efficiency through the phase change process of the liquid coolant, especially for high power density electronics and electric vehicles.