Latin America Thermal Management Technologies Market Size & Outlook
The thermal management technologies market in Latin America is expected to reach a projected revenue of US$ 2,037.1 million by 2030. A compound annual growth rate of 12.3% is expected of Latin America thermal management technologies market from 2024 to 2030.
Revenue, 2023 (US$M)
$904.3
Forecast, 2030 (US$M)
$2,037.1
CAGR, 2024 - 2030
12.3%
Report Coverage
Latin America
Latin America thermal management technologies market highlights
- The Latin America thermal management technologies market generated a revenue of USD 904.3 million in 2023.
- The market is expected to grow at a CAGR of 12.3% from 2024 to 2030.
- In terms of segment, adhesive material was the largest revenue generating material in 2023.
- Adhesive Material is the most lucrative material segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 904.3 million |
| Market revenue in 2030 | USD 2,037.1 million |
| Growth rate | 12.3% (CAGR from 2023 to 2030) |
| Largest segment | Adhesive material |
| Fastest growing segment | Adhesive Material |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Adhesive Material |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.4% of the global thermal management technologies market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 1,451.5 million by 2030.
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Thermal Management Technologies Market Scope
Thermal management technologies market segmentation & scope
Device
Conduction Cooling Device
Convection Cooling Device
Advance Cooling Device
Others
Service
Installation & Calibration
Optimization & Post Sales Service
End Use
Consumers Electronics
Service & Data Centers
Automotive
Healthcare
Others
Countries
U.S.
Canada
Mexico
UK
Germany
France
Japan
China
India
Australia
South Korea
Brazil
South Africa
Saudi Arabia
UAE
Thermal Management Technologies Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Wakefield-Vette | View profile | 251-500 | Pelham, New Hampshire, United States, North America | http://www.wakefield-vette.com/ |
| Aavid Thermalloy | View profile | 1001-5000 | Laconia, New Hampshire, United States, North America | http://aavid.com |
| Advanced Cooling Technologies | View profile | 51-100 | Lancaster, Pennsylvania, United States, North America | http://www.1-act.com |
| Boyd Corporation | View profile | 5001-10000 | Pleasanton, California, United States, North America | http://www.boydcorp.com/ |
| Fujikura Ltd | View profile | 62538 | 5-1 Kiba 1-chome, Koto-ku, Tokyo, Japan, 135-8512 | http://www.fujikura.co.jp |
| Delta Electronics Inc DR | View profile | 68000 | No. 186, Ruey Kuang Road, Neihu District, Taipei, Taiwan, 11491 | https://www.deltaww.com |
| Vertiv Holdings Co Class A | View profile | 27000 | 505 North, Cleveland Avenue, Westerville, OH, United States, 43082 | https://www.vertiv.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| STMicroelectronics NV | View profile | 51323 | 39, Chemin du Champ des Filles, Plan-Les-Ouates, Geneva, Switzerland, 1228 | https://www.st.com |
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