Heat Shield Market will Reach Nearly USD 6.97 Billion, Expanding at a CAGR of 5.7% during the Forecast Period of 2030
Market Size – USD 4.21 Billion in 2021, Market Growth – at a CAGR of 5.7%
NEW YORK CITY, NEW YORK, USA, November 8, 2022 /EINPresswire.com/ — The global heat shield market size was USD 4.21 Billion in 2021 and is expected to register a revenue CAGR of 5.7% over the forecast period, according to the latest report by Reports and Data. Market revenue growth is primarily driven by growing technological innovation in the manufacture of heat shields, along with increased utilization for defense and security purposes.
Lithium-ion batteries have been known to experience thermal runaway, a negative feedback loop that results in high temperatures and, eventually, fire or explosion. These batteries require exceptional thermal insulation as a result. In addition, they can increase performance by reducing Intake Air Temperature (IAT), which is necessary for the best engine efficiency. Adoption of new technological innovations in heat shield manufacturing is a major factor driving sales of heat shields. The increasing adoption of Electric Vehicles (EVs) and Plug-in Hybrid Electric Vehicles (PHEVs) in which a heat shield is not necessary is limiting revenue growth of the market.
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Top 10 Profiled in the Heat Shield Market Report:
• Zircotec
• Morgan Advanced Materials
• Thermo Tec
• Cummins Inc.
• Dana Holding Corporation
• Lydall
• Autoneum
• Progress-Werk Oberkirch AG
• ElringKlinger AG
• Carcoustics
Market Segmentation:
Type Outlook (Revenue, USD Billion; 2019-2030)
• Rigid Heat Shield
• Flexible Heat Shield
End-Use Outlook (Revenue, USD Billion; 2019-2030)
• Automotive
• Aircraft
• Light Commercial Vehicles
• Defense
• Buses and Coaches
• Others
Material Outlook (Revenue, USD Billion; 2019-2030)
• Copper
• Aluminum
• Stainless Steel
• Thermoset Materials
• Others
Product Outlook (Revenue, USD Billion; 2019-2030)
• Exhaust Heat Shield Insulation
• Spark Plug Boot Head Shield
• Fire Arm Heat Shield
• Turbo Heat Shield
• Thermal and Heat Shield Sleeving
o Others
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Key Takeaways of the Heat Shield Market Report:
• A comprehensive overview of the global Heat Shield industry.
• Accurate market projections in terms of market size, share, and volume.
• Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
• Deep-dive analysis of the upcoming market trends.
• Qualitative and quantitative analyses of the Heat Shield Market.
• Elaborate study of the leading regional markets in the Heat Shield Market.
• Complete overview of the market’s competitive landscape.
• Brief look at the company profiles and portfolios.
Key Regional Markets Covered in the Report:
• North America
o U.S.
o Canada
o Mexico
• Europe
o Russia
o U.K.
o Germany
o France
o BENELUX
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia Pacific
• Latin America
o Brazil
o Rest of Latin America
• Middle East & Africa
o Saudi Arabia
o U.A.E.
o Israel
o Rest of Middle East & Africa
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
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