Allied Market Research

2024

Thermal Switches Market

Thermal Switches Market Size, Share, Competitive Landscape and Trend Analysis Report by Type and by End User : Global Opportunity Analysis and Industry Forecast, 2023-2032

SE : Electronic Systems and Devices

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Author's: | Sonia Mutreja
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Thermal Switches Market Outlook – 2027 

A thermal switch is an electromechanically device which control the flow of electric current by opening and closing contacts in response to temperature change. It is suited for protecting against temporary situations which are common and are usually reusable. Thus, they find their use in thermostats in heating and cooling systems and in power supplies in case of overload in applications such as dryers, jetliners, industrial equipment and others in end uses such as industrial, commercial, military, and space. Innovations in the semiconductor industry paves the way for better and improved thermal switches. The global market for thermal switches is experiencing a significant growth, and will grow considerably in next few years. 

The global thermal switches market is segmented on the basis of type, end user, and region. Based on type, the thermal switches market is divided into mercury switches, gas-actuated thermal switches, thermal reed switches, and rod & tube thermal switches. On the basis of end user, the market is divided into oil & gas, food & beverages, industrial, commercial, military, space, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global thermal switches industry include Honeywell, Control Products Inc., OMEGA, Nason, Selco Products Company, Haldex, Microtherm CZ, COBO, Microchip Technology, and Hytec Group. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global market. 

Top Impacting Factors

The major factor which drives the market growth is the increased demand from the oil & gas and food and beverages industry. In addition, due to the various advantages offered by electronic products, there has been an increase in their demand which has further led to increase in the demand for thermal switches. Moreover, its increased usage in applications such as motors, mobile hydraulics, cooling and heating circuits and others will further fuel the market growth.

New Product Launches to Flourish the Market

500 series thermal switches were launched by Honeywell for aerospace, military and commercial applications. It has been packaged for severe environments with flexible mountings and combines small size with robust electrical characteristics. One of the core competence it has is the design of the switch is push to open contact which helps in reducing vulnerability to vibration and shocks. They provide reliable and precise temperature control that requires less or no power. Thus, this product flourished the market as it also provided custom configurations and temperatures, quality assurance and factory product applications. 

Surge in Usage in Aerospace Industry 

Thermal switches have been replaced with remote switches and local sensors in various applications. But, there are still places like the aerospace industry where standalone, hardened and autonomous thermal switches are required. There are companies like CPI which design and manufacture thermal switches for particularly aerospace applications such as compressors, ECS, galley equipment, APU’s, hydraulic fluid temperature monitoring and others. As these switches have hermetically sealed designs, thread and surface mount designs which are suitable for fighter jets in Air Force in aerospace industry, there has been a surge in its usage.

Key Benefits of the Report

  • This study presents the analytical depiction of the global thermal switches market forecast along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global thermal switches market share.
  • The current market is quantitatively analyzed to highlight the global thermal switches market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global thermal switches market analysis based on competitive intensity and how the competition will take shape in coming years. 

COVID-19 Scenario Analysis

  • Global thermal switches market has been significantly impacted by the COVID-19 outbreak. New projects throughout the world have stalled, which, in turn, have led to decline in demand for analog semiconductors. 
  • Global factories have struggled to integrate new strategies as workers have stayed in their homes, which disrupted the global supply chains. 
  • The impact of COVID-19 on this market is temporary as just the production and supply chain is stalled. Once the situation improves, production, supply chains, and demand for market are gradually going to increase.  
  • This COVID-19 lockdown would help companies think about more advanced thermal switches to enhance their efficiency.

Questions Answered in the Thermal Switches Market Research Report

  • Which are the leading market players active in the thermal switches market?
  • What would be the detailed impact of COVID-19 on the thermal switches market size?
  • How current thermal switches market trends would influence the industry in the next few years?
  • What are the driving factors, restraints, and opportunities in the global market?
  • What are the projections for the future that would help in taking further strategic steps?

Thermal Switches Market Report Highlights

Aspects Details
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By Type
  • Mercury Switches
  • Gas-Actuated Thermal Switches
  • Thermal Reed Switches
  • Rod and Tube Thermal Switches
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By End User
  • Oil and Gas
  • Food and Beverages
  • Industrial
  • Commercial
  • Military
  • Space
  • Others
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By Region
  • North America  (U.S., Canada)
  • Europe  (France, Germany, Italy, Spain, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Latin Ameica, Middle East, Africa)
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Key Market Players

Haldex, Microtherm CZ, COBO, Nason, Selco Products Company, Hytec Group, OMEGA, Honeywell, Microchip Technology, Control Products Inc.

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Thermal Switches Market

Global Opportunity Analysis and Industry Forecast, 2023-2032