Market Overview:
The global thermodynamic traps 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 energy and the need for efficient and reliable power transmission systems. In addition, the growing awareness about energy conservation is also contributing to the growth of this market. The global thermodynamic traps market can be segmented on the basis of type into disc type and impulse type. On the basis of application, this market can be segmented into oil industry, power industry, papermaking industry, and other applications. The North American region dominates this market followed by Europe and Asia Pacific regions respectively.
Product Definition:
The thermodynamic traps industry is responsible for the manufacture of products that are used to control the release of heat from a system. These products are used to prevent the escape of heat energy into the environment and can be divided into two categories: passive and active. Passive thermodynamic traps do not require any external power source to operate, while active traps use an external power source in order to function. The importance of this industry lies in its ability to help reduce greenhouse gas emissions by controlling thermal losses.
Disc Type:
The disc type is a key component in the thermodynamic traps industry. Thermodynamic traps are places where the temperature is so high that matter can become trapped and cannot be accessed from inside. These include things like nuclear waste, superconducting magnets, and heat generated by electric currents in solids such as metals or insulators.
Impulse Type:
An impulse is a pulse of energy that is applied to the system. It can be created by collision, collision with another particle, or electromagnetic induction. The most common example of an impulse would be the sound wave; it is a series of compressions and rarefactions caused by particles in air molecules.
The thermodynamic traps industry has been witnessing significant growth over the past few years owing to increasing demand for high-temperature superconducting magnets from MRI machines.
Application Insights:
The oil industry was the dominant segment in 2017 and accounted for a market share of over 30% in terms of revenue. Thermodynamic traps are used to enhance the extraction efficiency of various types of petroleum resources including natural gas, crude oil, and tight gas. The technology is also being increasingly applied to coal bed methane (CBM) as well as shale gas reserves across the globe owing to its growing scarcity and high cost coupled with low energy pay ratio.
Power generation is anticipated to emerge as one of the fastest-growing segments over the forecast period on account of rising demand for electricity from rapidly developing economies such as China India & Brazil which has resulted in an increased focus on new power plant construction projects worldwide. In addition, increasing concerns regarding greenhouse emissions have led nations such as Australia U.K., New Zealand Japan etc.
Regional Analysis:
North America is expected to be the largest market for global thermo- dynamics traps industry over the forecast period. The growth of this region can be attributed to increasing demand from various end-use industries such as power, oil & gas, and papermaking. In 2017, North America accounted for a share of more than 30% in terms of revenue and is anticipated to grow at a significant rate over the forecast period.
The U.S., being one of the developed countries in terms of thermodynamic energy has huge potential for development across several industrial applications such as power generation and oil & gas exploration activities leading to high growth prospects across this region during the forecast period.
Growth Factors:
- Increasing demand for energy efficient and environment-friendly products
- Growing awareness about the benefits of thermodynamic traps
- Rising need for advanced cooling and heating systems
- Technological advancements in the field of thermodynamic traps
- Growing popularity of green buildings
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermodynamic Traps Industry Market Research Report
By Type
Disc Type, Impulse Type
By Application
Oil Industry, Power Industry, Papermaking Industry, Other
By Companies
Armstrong International, ARI Armaturen, Clark Reliance, GESTRA, Pennant Engineering, Spirax Sarco, TLV Euro Engineering, Zamkon Armaturen
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Thermodynamic Traps Industry Market Report Segments:
The global Thermodynamic Traps Industry market is segmented on the basis of:
Types
Disc Type, Impulse 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
Oil Industry, Power Industry, Papermaking Industry, 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:
- Armstrong International
- ARI Armaturen
- Clark Reliance
- GESTRA
- Pennant Engineering
- Spirax Sarco
- TLV Euro Engineering
- Zamkon Armaturen
Highlights of The Thermodynamic Traps Industry 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:
- Disc Type
- Impulse Type
- By Application:
- Oil Industry
- Power Industry
- Papermaking Industry
- 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 Thermodynamic Traps Industry 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
- Identifying Appropriate Advertising Appeals
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?
Thermodynamic traps industry is a new and rapidly growing industry that deals with the production of materials that are trapped in a low-energy state. These materials can be used to create new energy sources or to improve the efficiency of existing ones.
Some of the major players in the thermodynamic traps industry market are Armstrong International, ARI Armaturen, Clark Reliance, GESTRA, Pennant Engineering, Spirax Sarco, TLV Euro Engineering, Zamkon Armaturen.
The thermodynamic traps industry market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Thermodynamic Traps Industry Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Thermodynamic Traps Industry Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Thermodynamic Traps Industry Market - Supply Chain
4.5. Global Thermodynamic Traps Industry Market Forecast
4.5.1. Thermodynamic Traps Industry Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Thermodynamic Traps Industry Market Size (000 Units) and Y-o-Y Growth
4.5.3. Thermodynamic Traps Industry Market Absolute $ Opportunity
5. Global Thermodynamic Traps Industry Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Thermodynamic Traps Industry Market Size and Volume Forecast by Type
5.3.1. Disc Type
5.3.2. Impulse Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Thermodynamic Traps Industry Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Thermodynamic Traps Industry Market Size and Volume Forecast by Application
6.3.1. Oil Industry
6.3.2. Power Industry
6.3.3. Papermaking Industry
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Thermodynamic Traps Industry Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Thermodynamic Traps Industry Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Thermodynamic Traps Industry Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Thermodynamic Traps Industry Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Thermodynamic Traps Industry Demand Share Forecast, 2019-2026
9. North America Thermodynamic Traps Industry Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Thermodynamic Traps Industry Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Thermodynamic Traps Industry Market Size and Volume Forecast by Application
9.4.1. Oil Industry
9.4.2. Power Industry
9.4.3. Papermaking Industry
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Thermodynamic Traps Industry Market Size and Volume Forecast by Type
9.7.1. Disc Type
9.7.2. Impulse Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Thermodynamic Traps Industry Demand Share Forecast, 2019-2026
10. Latin America Thermodynamic Traps Industry Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Thermodynamic Traps Industry Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Thermodynamic Traps Industry Market Size and Volume Forecast by Application
10.4.1. Oil Industry
10.4.2. Power Industry
10.4.3. Papermaking Industry
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Thermodynamic Traps Industry Market Size and Volume Forecast by Type
10.7.1. Disc Type
10.7.2. Impulse Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Thermodynamic Traps Industry Demand Share Forecast, 2019-2026
11. Europe Thermodynamic Traps Industry Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Thermodynamic Traps Industry Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Thermodynamic Traps Industry Market Size and Volume Forecast by Application
11.4.1. Oil Industry
11.4.2. Power Industry
11.4.3. Papermaking Industry
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Thermodynamic Traps Industry Market Size and Volume Forecast by Type
11.7.1. Disc Type
11.7.2. Impulse Type
11.8. Basis Point Share(BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Thermodynamic Traps Industry Demand Share, 2019-2026
12. Asia Pacific Thermodynamic Traps Industry Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Thermodynamic Traps Industry Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Thermodynamic Traps Industry Market Size and Volume Forecast by Application
12.4.1. Oil Industry
12.4.2. Power Industry
12.4.3. Papermaking Industry
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Thermodynamic Traps Industry Market Size and Volume Forecast by Type
12.7.1. Disc Type
12.7.2. Impulse Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Thermodynamic Traps Industry Demand Share, 2019-2026
13. Middle East & Africa Thermodynamic Traps Industry Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Thermodynamic Traps Industry Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Thermodynamic Traps Industry Market Size and Volume Forecast by Application
13.4.1. Oil Industry
13.4.2. Power Industry
13.4.3. Papermaking Industry
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Thermodynamic Traps Industry Market Size and Volume Forecast by Type
13.7.1. Disc Type
13.7.2. Impulse Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Thermodynamic Traps Industry Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Thermodynamic Traps Industry Market: Market Share Analysis
14.2. Thermodynamic Traps Industry Distributors and Customers
14.3. Thermodynamic Traps Industry Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Armstrong International
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ARI Armaturen
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Clark Reliance
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. GESTRA
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Pennant Engineering
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Spirax Sarco
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. TLV Euro Engineering
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Zamkon Armaturen
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
