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Shape Memory Alloy Market: Size, Share, Growth, Analysis, Key Players, Revenue, | Valuates Reports
Shape Memory Alloy Market SizeThe global Shape Memory Alloy market was valued at US$ 774 million in 2023 and is anticipated to reach US$ 1395.3 million by 2030, witnessing a CAGR of 8.6% during the forecast period 2024-2030.
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Shape Memory Alloy Market
A shape memory alloy (SMA) is an alloy that "remembers" its original shape and that when deformed returns to its pre-deformed shape when heated. This material is a lightweight, solid-state alternative to conventional actuators such as hydraulic, pneumatic, and motor-based systems. Shape-memory alloys have applications in industries including Automotive, aerospace, and biomedical and robotics. Nickel-titanium alloys have been found to be the most useful of all SMAs. Other shape memory alloys include copper-aluminum-nickel, copper-zinc-aluminum, and iron-manganese-silicon alloys. The generic name for the family of nickel-titanium alloys is Nitinol.
The data in this report include the semi-finished products (bars, Tubes, wire, pipe, etc), components and devices in shape memory alloy.
Global Shape Memory Alloys key players include Nitinol Devices & Components, SAES Getters, G.RAU GmbH & Co. KG, Fort Wayne Metals, ATI Wah-chang, etc. Global top five manufacturers hold a share over 45%.
North America is the largest market, with a share about 45%, followed by Europe, and Japan, both have a share over 30 percent.
In terms of product, Nickel-Titanium is the largest segment, with a share over 75%. And in terms of application, the largest application is Medical Applications, followed by Automotive, Aircraft Applications, Home Appliance, etc.
This report aims to provide a comprehensive presentation of the global market for Shape Memory Alloy, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Shape Memory Alloy.
Report Scope
The Shape Memory Alloy market size, estimations, and forecasts are provided in terms of output/shipments (MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Shape Memory Alloy market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Shape Memory Alloy manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
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Segment by Type
• Nickel-Titanium(Ni-Ti) Shape Memory Alloys
• Copper Based Shape Memory Alloys
• Fe Based Shape Memory Alloys
Segment by Application
• Medical
• Aircraft
• Automotive
• Home Appliance
By Company
Nitinol Devices & Components, SAES Getters, Johnson Matthey, ATI, Fort Wayne Metals, Metalwerks PMD, Furukawa, Nippon Seisen, Dynalloy, Ultimate NiTi Technologies, Grikin, PEIER Tech, Saite Metal, Seemine, Smart, Baoji Seabird Metal, GEE
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