Market Overview:
The global thermal switches market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for thermal switches in industrial, commercial, military and space applications. Thermal reed switches are expected to lead the market during the forecast period owing to their low power consumption and high reliability. Asia Pacific is expected to be the fastest growing region during the forecast period owing to rising demand from countries such as China and India.
Product Definition:
A thermal switch is a device that opens or closes an electrical circuit in response to a change in the temperature of its surroundings. Thermal switches are used to protect equipment from overheating, and can also be used as thermostats to regulate room temperature.
Thermal Reed Switches:
Thermal reed switches are a part of electronic devices that respond to heat and cold. They are used in various applications such as heating, cooling, ventilation, air conditioning systems and refrigeration among others. The growth factor for the market is its usage in energy management applications across industries such as automotive & transportation, building automation & HVAC along with consumer electronics industry which includes TV’s refrigerators etc.
Mercury Switches:
mercury switches are used in thermal switches market for turning on and off the current flow in electric devices. They are widely used as a safety device to protect the circuit from overheating, overloading, or short circuits. It is also applicable when an electrical device needs to be turned on or off remotely without any physical contact.
These devices have wide applications such as water heaters, space heating systems air conditioners and refrigerators among others which require protection against high temperatures.
Application Insights:
The industrial segment dominated the global thermal switches market in 2017 and is expected to witness significant growth over the forecast period. The rising demand for HVAC systems, electronics assembly, oil & gas exploration and power generation is projected to drive industry growth over the coming years.
The military segment accounted for a considerable share of revenue in 2017 owing to increasing defense expenditure across various countries including China, India and Russia. In addition, presence of major defense contractors such as Lockheed Martin Corporation; Raytheon Company; General Dynamics Corporation; United Technologies Corporation; Boeing Company among others are anticipated to propel industry expansion over the coming years.
Regional Analysis:
Asia Pacific regional market accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid industrialization, especially in China and India, which has led to an increased demand for thermal switches. In addition, rising investments by governments of various countries such as Japan and South Korea are anticipated to boost industry growth over the next eight years.
The Middle East & Africa (MEA) region is projected to witness significant growth during the forecast period owing to increasing government spending on infrastructure development projects across countries such as Saudi Arabia and Qatar. These factors are expected to drive demand for thermal switches in MEA during the forecast period.
North America was one of prominent markets that witnessed moderate growth rate owing sweltering temperatures across several regions within U.S.
Growth Factors:
- Increasing demand for thermal switches in the automotive industry for engine cooling and air conditioning systems.
- Growing demand from the HVAC market for temperature control in buildings and homes.
- Rising popularity of thermal switches in LED lighting applications due to their energy efficiency benefits.
- Increasing use of thermal switches in consumer electronics products such as smartphones, tablets, and laptops.
- Proliferation of smart thermostats that incorporate thermal switch technology to optimize energy consumption
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermal Switches Market Research Report
By Type
Thermal Reed Switches, Mercury Switches, Rod and Tube Thermal Switches, Gas-Actuated Thermal Switches
By Application
Industrial, Commercial, Military, Space
By Companies
Control Products, Inc. (CPI), Honeywell, OMEGA, Selco Products Company, Nason, Microtherm CZ, Haldex, COBO, Control Products, Inc. (CPI)
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
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Thermal Switches Market Report Segments:
The global Thermal Switches market is segmented on the basis of:
Types
Thermal Reed Switches, Mercury Switches, Rod and Tube Thermal Switches, Gas-Actuated Thermal Switches
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
Industrial, Commercial, Military, Space
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:
- Control Products, Inc. (CPI)
- Honeywell
- OMEGA
- Selco Products Company
- Nason
- Microtherm CZ
- Haldex
- COBO
- Control Products, Inc. (CPI)
Highlights of The Thermal Switches 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:
- Thermal Reed Switches
- Mercury Switches
- Rod and Tube Thermal Switches
- Gas-Actuated Thermal Switches
- By Application:
- Industrial
- Commercial
- Military
- Space
- 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 Switches 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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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 switches are a type of electronic switch that can be used to control the flow of heat. They are often used in industrial applications to control the temperature of objects or fluids.
Some of the major companies in the thermal switches market are Control Products, Inc. (CPI), Honeywell, OMEGA, Selco Products Company, Nason, Microtherm CZ, Haldex, COBO, Control Products, Inc. (CPI).
The thermal switches 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 Switches 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 Switches Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermal Switches 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 Switches 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 Switches Market Size & Forecast, 2020-2028
4.5.1 Thermal Switches Market Size and Y-o-Y Growth
4.5.2 Thermal Switches Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Thermal Reed Switches
5.2.2 Mercury Switches
5.2.3 Rod and Tube Thermal Switches
5.2.4 Gas-Actuated Thermal Switches
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Commercial
6.2.3 Military
6.2.4 Space
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermal Switches 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 Switches 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Thermal Reed Switches
9.6.2 Mercury Switches
9.6.3 Rod and Tube Thermal Switches
9.6.4 Gas-Actuated Thermal Switches
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 Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Commercial
9.10.3 Military
9.10.4 Space
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Thermal Reed Switches
10.6.2 Mercury Switches
10.6.3 Rod and Tube Thermal Switches
10.6.4 Gas-Actuated Thermal Switches
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 Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Commercial
10.10.3 Military
10.10.4 Space
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Thermal Reed Switches
11.6.2 Mercury Switches
11.6.3 Rod and Tube Thermal Switches
11.6.4 Gas-Actuated Thermal Switches
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 Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Commercial
11.10.3 Military
11.10.4 Space
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Thermal Reed Switches
12.6.2 Mercury Switches
12.6.3 Rod and Tube Thermal Switches
12.6.4 Gas-Actuated Thermal Switches
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 Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Commercial
12.10.3 Military
12.10.4 Space
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Thermal Reed Switches
13.6.2 Mercury Switches
13.6.3 Rod and Tube Thermal Switches
13.6.4 Gas-Actuated Thermal Switches
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) Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Commercial
13.10.3 Military
13.10.4 Space
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 Switches Market: Competitive Dashboard
14.2 Global Thermal Switches Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Control Products, Inc. (CPI)
14.3.2 Honeywell
14.3.3 OMEGA
14.3.4 Selco Products Company
14.3.5 Nason
14.3.6 Microtherm CZ
14.3.7 Haldex
14.3.8 COBO
14.3.9 Control Products, Inc. (CPI)
