Market Overview:
The global thermal actuators market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for thermal actuators in various applications, such as the auto industry, petrochemical industry, shipbuilding industry, and household appliances industry. In addition, the growing demand for thermal actuators in emerging countries is also contributing to the growth of this market.
Product Definition:
A thermal actuator is a device that uses thermal energy to create mechanical motion. Thermal actuators are used in a wide variety of applications, including aerospace, automotive, and manufacturing. The importance of thermal actuators lies in their ability to convert heat into useful mechanical energy. Thermal actuators can be used to control the flow of fluids, open and close valves, and power machines.
Squeeze Type:
Squeeze type is a mechanical device used in thermal actuators to restrict the flow of liquids and gases. It can be defined as follows: A squeeze type is an arrangement of two interlocking valves, one on each side of a pipe, which allows only one-way flow through the pipe.
Diaphragm Type:
The diaphragm type is used in the thermal actuators market. It is a flexible sheet metal device that works as a lever, converting the energy from heat into motion. Diaphragms are used in various applications such as air conditioners, heating ventilation and air-conditioning (HVAC), refrigeration systems, gas turbines, and steam turbine power plants among others.
Application Insights:
The global demand for the product has witnessed a paradigm shift due to rising awareness among consumers.
In terms of revenue, the automotive industry dominated the global market in 2017 and is expected to maintain its dominance over the forecast period. The growing automotive sector across various regions is anticipated to boost product demand in this segment over the forecast period. In addition, increasing penetration of smart devices has led manufacturers towards developing smartphones with enhanced features and functions that include G-sensor technology for better driving dynamics and control. This trend is expected to drive overall market growth over the coming years as consumer preferences change rapidly towards advanced technological products with enhanced features and functions.
Regional Analysis:
Asia Pacific regional market accounted for the largest share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to rising investments in thermal energy storage, expansion of power generation capacities, and favorable government policies across various countries. For instance, China has implemented a number of initiatives such as “13th Five-Year Plan†which focuses on developing clean energy sources along with supporting infrastructure projects such as solar farms and wind farms. These factors are anticipated to drive demand for global actuators over the forecast period.
Europe is projected to witness significant growth from 2018 to 2030 owing to increasing focus on developing new technologies across several sectors including shipbuilding, automotive industry etc., especially in Germany and U.K.
Growth Factors:
- Increasing demand for thermal actuators in the automotive industry for power steering and air conditioning systems.
- Growing demand from the HVAC market for controlling room temperature and humidity levels.
- Rising adoption of thermal actuators in packaging and labeling applications to improve product quality and shelf life.
- Increasing use of thermal actuators in medical devices to treat various medical conditions.
- Growing demand from the energy sector for controlling valves and dampers in oil refineries, gas processing plants, and power generation facilities
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermal Actuators Market Research Report
By Type
Squeeze Type, Diaphragm Type, Piston Type
By Application
Auto Industry, Petrochemical, Shipbuilding, Household Appliances, Other
By Companies
SIEMENS, Metal Bellows, TROX, United Flexible, Eltek Group, Schneider Electric, G.RAU GMBH＆CO. KG, Thermagal, Produal, SHANGHAI TU-POLY INDUSTRIAL, SIEMENS
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global Thermal Actuators Market Report Segments:
The global Thermal Actuators market is segmented on the basis of:
Types
Squeeze Type, Diaphragm Type, Piston Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Auto Industry, Petrochemical, Shipbuilding, Household Appliances, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- SIEMENS
- Metal Bellows
- TROX
- United Flexible
- Eltek Group
- Schneider Electric
- G.RAU GMBH＆CO. KG
- Thermagal
- Produal
- SHANGHAI TU-POLY INDUSTRIAL
- SIEMENS
Highlights of The Thermal Actuators Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Squeeze Type
- Diaphragm Type
- Piston Type
- By Application:
- Auto Industry
- Petrochemical
- Shipbuilding
- Household Appliances
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Thermal Actuators Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Thermal actuators are devices that use heat to move objects or change their temperature. They can be used in a variety of applications, including manufacturing, transportation, and energy production. Thermal actuators are often used in conjunction with other technologies, such as robotics and sensors, to improve efficiency and accuracy.
Some of the major players in the thermal actuators market are SIEMENS, Metal Bellows, TROX, United Flexible, Eltek Group, Schneider Electric, G.RAU GMBH¯Â¼â€ CO. KG, Thermagal, Produal, SHANGHAI TU-POLY INDUSTRIAL, SIEMENS.
The thermal actuators market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thermal Actuators Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Thermal Actuators Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermal Actuators Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Thermal Actuators Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Thermal Actuators Market Size & Forecast, 2018-2028
4.5.1 Thermal Actuators Market Size and Y-o-Y Growth
4.5.2 Thermal Actuators Market Absolute $ Opportunity
Chapter 5 Global Thermal Actuators Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Thermal Actuators Market Size Forecast by Type
5.2.1 Squeeze Type
5.2.2 Diaphragm Type
5.2.3 Piston Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Thermal Actuators Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Thermal Actuators Market Size Forecast by Applications
6.2.1 Auto Industry
6.2.2 Petrochemical
6.2.3 Shipbuilding
6.2.4 Household Appliances
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermal Actuators Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Thermal Actuators Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Thermal Actuators Analysis and Forecast
9.1 Introduction
9.2 North America Thermal Actuators Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Thermal Actuators Market Size Forecast by Type
9.6.1 Squeeze Type
9.6.2 Diaphragm Type
9.6.3 Piston Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Thermal Actuators Market Size Forecast by Applications
9.10.1 Auto Industry
9.10.2 Petrochemical
9.10.3 Shipbuilding
9.10.4 Household Appliances
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Thermal Actuators Analysis and Forecast
10.1 Introduction
10.2 Europe Thermal Actuators Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Thermal Actuators Market Size Forecast by Type
10.6.1 Squeeze Type
10.6.2 Diaphragm Type
10.6.3 Piston Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Thermal Actuators Market Size Forecast by Applications
10.10.1 Auto Industry
10.10.2 Petrochemical
10.10.3 Shipbuilding
10.10.4 Household Appliances
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Thermal Actuators Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Thermal Actuators Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Thermal Actuators Market Size Forecast by Type
11.6.1 Squeeze Type
11.6.2 Diaphragm Type
11.6.3 Piston Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Thermal Actuators Market Size Forecast by Applications
11.10.1 Auto Industry
11.10.2 Petrochemical
11.10.3 Shipbuilding
11.10.4 Household Appliances
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Thermal Actuators Analysis and Forecast
12.1 Introduction
12.2 Latin America Thermal Actuators Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Thermal Actuators Market Size Forecast by Type
12.6.1 Squeeze Type
12.6.2 Diaphragm Type
12.6.3 Piston Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Thermal Actuators Market Size Forecast by Applications
12.10.1 Auto Industry
12.10.2 Petrochemical
12.10.3 Shipbuilding
12.10.4 Household Appliances
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Thermal Actuators Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Thermal Actuators Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Thermal Actuators Market Size Forecast by Type
13.6.1 Squeeze Type
13.6.2 Diaphragm Type
13.6.3 Piston Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Thermal Actuators Market Size Forecast by Applications
13.10.1 Auto Industry
13.10.2 Petrochemical
13.10.3 Shipbuilding
13.10.4 Household Appliances
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Thermal Actuators Market: Competitive Dashboard
14.2 Global Thermal Actuators Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SIEMENS
14.3.2 Metal Bellows
14.3.3 TROX
14.3.4 United Flexible
14.3.5 Eltek Group
14.3.6 Schneider Electric
14.3.7 G.RAU GMBH＆CO. KG
14.3.8 Thermagal
14.3.9 Produal
14.3.10 SHANGHAI TU-POLY INDUSTRIAL
14.3.11 SIEMENS
