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Thermal Electric Actuator Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
Thermal Electric Actuator MarketThe global market for Thermal Electric Actuator was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.
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Thermal actuators are widely used in floor and ceiling radiation heating and refrigeration systems, air conditioning systems, radiator heating systems, and other systems that need temperature control or fluid on-off control. The electric actuator shall be used together with the regulating valve. The thermal actuator automatically switches the controlled loop through the received signal of the indoor temperature controller or other electrical switches.
North American market for Thermal Electric Actuator is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for Thermal Electric Actuator is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The major global manufacturers of Thermal Electric Actuator include Danfoss, Honeywell, MENRED, Uponor, Caleffi, Schneider Electric, Giacomini, SAUTER, Watts, IMI Hydronic Engineering, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.
By Type
• Normally Closed Type
• Normally Open Type
By Application
• Home Use
• Commercial Use
• Industrial Use
Key Companies
Danfoss, Honeywell, MENRED, Uponor, Caleffi, Schneider Electric, Giacomini, SAUTER, Watts, IMI Hydronic Engineering, Hailin, CONTROLLI, Heatmiser, EPH Controls, SALUS Controls, SASWELL, Beok, Grenton
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