

The global Thermal Fluid Simulation Software market size is predicted to grow from US$ 2450 million in 2025 to US$ 3908 million in 2031; it is expected to grow at a CAGR of 8.1% from 2025 to 2031.
Thermal fluid simulation software helps engineers analyze and optimize complex thermofluid systems by simulating their behavior under different operating conditions. These tools allow users to model and predict system performance based on mathematical models, computational algorithms, and numerical calculations.
The Thermal Fluid Simulation Software market has experienced rapid growth over the past few years due to several reasons, including:
1. Cloud computing adoption: More companies are shifting toward cloud-based solutions due to scalability, convenience, and accessibility advantages. Vendors are developing web-enabled platforms that leverage the power of remote servers, enabling collaboration across geographically dispersed teams, and providing subscription-based pricing models.
2. Expansion of industrial internet of things (IIoT) and digital twins: A rise in IIoT connectivity means an increasing number of assets and operations can be monitored and optimized using virtual replicas known as "digital twins." Leading vendors are integrating this concept directly into their simulation workflows, permitting real-time monitoring and closed-loop controls.
3. Artificial intelligence and machine learning integration: Machine learning algorithms are being applied to accelerate design exploration, generate better initial guesses for simulations, and even create custom physics-based correlations without explicit knowledge of microscopic details. Some providers focus on AI augmentation of human expertise via data analytics, pattern recognition, and recommendation systems.
4. Improved ease of use and user experience: An emphasis on usability makes these programs accessible to non-experts, enabling them to perform routine tasks and collaborate effectively with domain experts. Advanced visualization techniques like 3D animations and virtual reality views facilitate comprehension and communication.
5. Expansion into adjacent domains: Major players in the field are leveraging their core competencies to venture into related areas like turbomachinery aerodynamics, battery management, and fuel cell simulations. By broadening their portfolios, they aim to capture additional revenue streams and attract customers seeking integrated suites tailored to specific industries.
6. Competition with open source alternatives: Free or low-cost open-source packages have gained ground over time.
The “Thermal Fluid Simulation Software Industry Forecast” looks at past sales and reviews total world Thermal Fluid Simulation Software sales in 2024, providing a comprehensive analysis by region and market sector of projected Thermal Fluid Simulation Software sales for 2025 through 2031. With Thermal Fluid Simulation Software sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Thermal Fluid Simulation Software industry.
This Insight Report provides a comprehensive analysis of the global Thermal Fluid Simulation Software landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Thermal Fluid Simulation Software portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Thermal Fluid Simulation Software market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Thermal Fluid Simulation Software and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Thermal Fluid Simulation Software.
This report presents a comprehensive overview, market shares, and growth opportunities of Thermal Fluid Simulation Software market by product type, application, key players and key regions and countries.
Segmentation by Type:
On Premise
Cloud-based
Segmentation by Application:
Aerospace and Defense
Automotive
Electrical and Electronics
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ANSYS
Siemens
Mentor Graphics
EXA
Dassault Systèmes
COMSOL
Altair Engineering
Autodesk
NUMECA International
Convergent Science
Dassault Systemes
Hexagon AB
ESI
PTC
BETA CAE Systems
Magma
CoreTech System
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Thermal Fluid Simulation Software Market Size (2020-2031)
2.1.2 Thermal Fluid Simulation Software Market Size CAGR by Region (2020 VS 2024 VS 2031)
2.1.3 World Current & Future Analysis for Thermal Fluid Simulation Software by Country/Region (2020, 2024 & 2031)
2.2 Thermal Fluid Simulation Software Segment by Type
2.2.1 On Premise
2.2.2 Cloud-based
2.3 Thermal Fluid Simulation Software Market Size by Type
2.3.1 Thermal Fluid Simulation Software Market Size CAGR by Type (2020 VS 2024 VS 2031)
2.3.2 Global Thermal Fluid Simulation Software Market Size Market Share by Type (2020-2025)
2.4 Thermal Fluid Simulation Software Segment by Application
2.4.1 Aerospace and Defense
2.4.2 Automotive
2.4.3 Electrical and Electronics
2.4.4 Others
2.5 Thermal Fluid Simulation Software Market Size by Application
2.5.1 Thermal Fluid Simulation Software Market Size CAGR by Application (2020 VS 2024 VS 2031)
2.5.2 Global Thermal Fluid Simulation Software Market Size Market Share by Application (2020-2025)
3 Thermal Fluid Simulation Software Market Size by Player
3.1 Thermal Fluid Simulation Software Market Size Market Share by Player
3.1.1 Global Thermal Fluid Simulation Software Revenue by Player (2020-2025)
3.1.2 Global Thermal Fluid Simulation Software Revenue Market Share by Player (2020-2025)
3.2 Global Thermal Fluid Simulation Software Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Thermal Fluid Simulation Software by Region
4.1 Thermal Fluid Simulation Software Market Size by Region (2020-2025)
4.2 Global Thermal Fluid Simulation Software Annual Revenue by Country/Region (2020-2025)
4.3 Americas Thermal Fluid Simulation Software Market Size Growth (2020-2025)
4.4 APAC Thermal Fluid Simulation Software Market Size Growth (2020-2025)
4.5 Europe Thermal Fluid Simulation Software Market Size Growth (2020-2025)
4.6 Middle East & Africa Thermal Fluid Simulation Software Market Size Growth (2020-2025)
5 Americas
5.1 Americas Thermal Fluid Simulation Software Market Size by Country (2020-2025)
5.2 Americas Thermal Fluid Simulation Software Market Size by Type (2020-2025)
5.3 Americas Thermal Fluid Simulation Software Market Size by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Thermal Fluid Simulation Software Market Size by Region (2020-2025)
6.2 APAC Thermal Fluid Simulation Software Market Size by Type (2020-2025)
6.3 APAC Thermal Fluid Simulation Software Market Size by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Thermal Fluid Simulation Software Market Size by Country (2020-2025)
7.2 Europe Thermal Fluid Simulation Software Market Size by Type (2020-2025)
7.3 Europe Thermal Fluid Simulation Software Market Size by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Thermal Fluid Simulation Software by Region (2020-2025)
8.2 Middle East & Africa Thermal Fluid Simulation Software Market Size by Type (2020-2025)
8.3 Middle East & Africa Thermal Fluid Simulation Software Market Size by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Thermal Fluid Simulation Software Market Forecast
10.1 Global Thermal Fluid Simulation Software Forecast by Region (2026-2031)
10.1.1 Global Thermal Fluid Simulation Software Forecast by Region (2026-2031)
10.1.2 Americas Thermal Fluid Simulation Software Forecast
10.1.3 APAC Thermal Fluid Simulation Software Forecast
10.1.4 Europe Thermal Fluid Simulation Software Forecast
10.1.5 Middle East & Africa Thermal Fluid Simulation Software Forecast
10.2 Americas Thermal Fluid Simulation Software Forecast by Country (2026-2031)
10.2.1 United States Market Thermal Fluid Simulation Software Forecast
10.2.2 Canada Market Thermal Fluid Simulation Software Forecast
10.2.3 Mexico Market Thermal Fluid Simulation Software Forecast
10.2.4 Brazil Market Thermal Fluid Simulation Software Forecast
10.3 APAC Thermal Fluid Simulation Software Forecast by Region (2026-2031)
10.3.1 China Thermal Fluid Simulation Software Market Forecast
10.3.2 Japan Market Thermal Fluid Simulation Software Forecast
10.3.3 Korea Market Thermal Fluid Simulation Software Forecast
10.3.4 Southeast Asia Market Thermal Fluid Simulation Software Forecast
10.3.5 India Market Thermal Fluid Simulation Software Forecast
10.3.6 Australia Market Thermal Fluid Simulation Software Forecast
10.4 Europe Thermal Fluid Simulation Software Forecast by Country (2026-2031)
10.4.1 Germany Market Thermal Fluid Simulation Software Forecast
10.4.2 France Market Thermal Fluid Simulation Software Forecast
10.4.3 UK Market Thermal Fluid Simulation Software Forecast
10.4.4 Italy Market Thermal Fluid Simulation Software Forecast
10.4.5 Russia Market Thermal Fluid Simulation Software Forecast
10.5 Middle East & Africa Thermal Fluid Simulation Software Forecast by Region (2026-2031)
10.5.1 Egypt Market Thermal Fluid Simulation Software Forecast
10.5.2 South Africa Market Thermal Fluid Simulation Software Forecast
10.5.3 Israel Market Thermal Fluid Simulation Software Forecast
10.5.4 Turkey Market Thermal Fluid Simulation Software Forecast
10.6 Global Thermal Fluid Simulation Software Forecast by Type (2026-2031)
10.7 Global Thermal Fluid Simulation Software Forecast by Application (2026-2031)
10.7.1 GCC Countries Market Thermal Fluid Simulation Software Forecast
11 Key Players Analysis
11.1 ANSYS
11.1.1 ANSYS Company Information
11.1.2 ANSYS Thermal Fluid Simulation Software Product Offered
11.1.3 ANSYS Thermal Fluid Simulation Software Revenue, Gross Margin and Market Share (2020-2025)
11.1.4 ANSYS Main Business Overview
11.1.5 ANSYS Latest Developments
11.2 Siemens
11.2.1 Siemens Company Information
11.2.2 Siemens Thermal Fluid Simulation Software Product Offered
11.2.3 Siemens Thermal Fluid Simulation Software Revenue, Gross Margin and Market Share (2020-2025)
11.2.4 Siemens Main Business Overview
11.2.5 Siemens Latest Developments
11.3 Mentor Graphics
11.3.1 Mentor Graphics Company Information
11.3.2 Mentor Graphics Thermal Fluid Simulation Software Product Offered
11.3.3 Mentor Graphics Thermal Fluid Simulation Software Revenue, Gross Margin and Market Share (2020-2025)
11.3.4 Mentor Graphics Main Business Overview
11.3.5 Mentor Graphics Latest Developments
11.4 EXA
11.4.1 EXA Company Information
11.4.2 EXA Thermal Fluid Simulation Software Product Offered
11.4.3 EXA Thermal Fluid Simulation Software Revenue, Gross Margin and Market Share (2020-2025)
11.4.4 EXA Main Business Overview
11.4.5 EXA Latest Developments
11.5 Dassault Systèmes
11.5.1 Dassault Systèmes Company Information
11.5.2 Dassault Systèmes Thermal Fluid Simulation Software Product Offered
11.5.3 Dassault Systèmes Thermal Fluid Simulation Software Revenue, Gross Margin and Market Share (2020-2025)
11.5.4 Dassault Systèmes Main Business Overview
11.5.5 Dassault Systèmes Latest Developments
11.6 COMSOL
11.6.1 COMSOL Company Information
11.6.2 COMSOL Thermal Fluid Simulation Software Product Offered
11.6.3 COMSOL Thermal Fluid Simulation Software Revenue, Gross Margin and Market Share (2020-2025)
11.6.4 COMSOL Main Business Overview
11.6.5 COMSOL Latest Developments
11.7 Altair Engineering
11.7.1 Altair Engineering Company Information
11.7.2 Altair Engineering Thermal Fluid Simulation Software Product Offered
11.7.3 Altair Engineering Thermal Fluid Simulation Software Revenue, Gross Margin and Market Share (2020-2025)
11.7.4 Altair Engineering Main Business Overview
11.7.5 Altair Engineering Latest Developments
11.8 Autodesk
11.8.1 Autodesk Company Information
11.8.2 Autodesk Thermal Fluid Simulation Software Product Offered
11.8.3 Autodesk Thermal Fluid Simulation Software Revenue, Gross Margin and Market Share (2020-2025)
11.8.4 Autodesk Main Business Overview
11.8.5 Autodesk Latest Developments
11.9 NUMECA International
11.9.1 NUMECA International Company Information
11.9.2 NUMECA International Thermal Fluid Simulation Software Product Offered
11.9.3 NUMECA International Thermal Fluid Simulation Software Revenue, Gross Margin and Market Share (2020-2025)
11.9.4 NUMECA International Main Business Overview
11.9.5 NUMECA International Latest Developments
11.10 Convergent Science
11.10.1 Convergent Science Company Information
11.10.2 Convergent Science Thermal Fluid Simulation Software Product Offered
11.10.3 Convergent Science Thermal Fluid Simulation Software Revenue, Gross Margin and Market Share (2020-2025)
11.10.4 Convergent Science Main Business Overview
11.10.5 Convergent Science Latest Developments
11.11 Dassault Systemes
11.11.1 Dassault Systemes Company Information
11.11.2 Dassault Systemes Thermal Fluid Simulation Software Product Offered
11.11.3 Dassault Systemes Thermal Fluid Simulation Software Revenue, Gross Margin and Market Share (2020-2025)
11.11.4 Dassault Systemes Main Business Overview
11.11.5 Dassault Systemes Latest Developments
11.12 Hexagon AB
11.12.1 Hexagon AB Company Information
11.12.2 Hexagon AB Thermal Fluid Simulation Software Product Offered
11.12.3 Hexagon AB Thermal Fluid Simulation Software Revenue, Gross Margin and Market Share (2020-2025)
11.12.4 Hexagon AB Main Business Overview
11.12.5 Hexagon AB Latest Developments
11.13 ESI
11.13.1 ESI Company Information
11.13.2 ESI Thermal Fluid Simulation Software Product Offered
11.13.3 ESI Thermal Fluid Simulation Software Revenue, Gross Margin and Market Share (2020-2025)
11.13.4 ESI Main Business Overview
11.13.5 ESI Latest Developments
11.14 PTC
11.14.1 PTC Company Information
11.14.2 PTC Thermal Fluid Simulation Software Product Offered
11.14.3 PTC Thermal Fluid Simulation Software Revenue, Gross Margin and Market Share (2020-2025)
11.14.4 PTC Main Business Overview
11.14.5 PTC Latest Developments
11.15 BETA CAE Systems
11.15.1 BETA CAE Systems Company Information
11.15.2 BETA CAE Systems Thermal Fluid Simulation Software Product Offered
11.15.3 BETA CAE Systems Thermal Fluid Simulation Software Revenue, Gross Margin and Market Share (2020-2025)
11.15.4 BETA CAE Systems Main Business Overview
11.15.5 BETA CAE Systems Latest Developments
11.16 Magma
11.16.1 Magma Company Information
11.16.2 Magma Thermal Fluid Simulation Software Product Offered
11.16.3 Magma Thermal Fluid Simulation Software Revenue, Gross Margin and Market Share (2020-2025)
11.16.4 Magma Main Business Overview
11.16.5 Magma Latest Developments
11.17 CoreTech System
11.17.1 CoreTech System Company Information
11.17.2 CoreTech System Thermal Fluid Simulation Software Product Offered
11.17.3 CoreTech System Thermal Fluid Simulation Software Revenue, Gross Margin and Market Share (2020-2025)
11.17.4 CoreTech System Main Business Overview
11.17.5 CoreTech System Latest Developments
12 Research Findings and Conclusion
*If Applicable.