What is Bimetal Plates?
Bimetal plates are composed of two separate metals joined together and can be bent or curved with high precision. These plates are manufactured using a metal base (either stainless steel or aluminium) plated together with copper. These plates are used in several applications such as motor Protectors, thermostats, Car Cigar Lighters, Water Heaters, Steam Traps, and others. The bimetal plates are mostly used in electronic and industrial industries. Due to their high corrosion resistance and electric resistance properties, these plates are widely used in high-temperature applications.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Hitachi Metals Neomaterial, Ltd. (Japan), Engineered Materials Solutions (United States), J.N. EBERLE & CIE. GmbH (Germany), Kanthal (India), Bimetal Bearings Limited (India), Shivalik Bimetal Controls Ltd. (India), Benxi Tool Co.,Ltd. (China), Eberle Bimetal Strip Steel (Denmark), Starrett (United States), DMC Power (United States) and AFL Global(United States) |
The study covers a detailed analysis segmented by key business segments i.e. , by application (Fuseless Breakers, Motor Protectors, Thermostats, Car Cigar Lighters, Auto-Fans, Steam Traps, Glow Starters For Fluorescent Lamp, Fire Alarms and Others) and major geographies. Research Analyst at AMA predicts that Chinese Vendors will contribute to the maximum growth of Global Bimetal Plates market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Bimetal Plates market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Hitachi Metals Neomaterial, Ltd. (Japan), Engineered Materials Solutions (United States), J.N. EBERLE & CIE. GmbH (Germany), Kanthal (India), Bimetal Bearings Limited (India), Shivalik Bimetal Controls Ltd. (India), Benxi Tool Co.,Ltd. (China), Eberle Bimetal Strip Steel (Denmark), Starrett (United States), DMC Power (United States) and AFL Global(United States).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Influencing Trend:
Growing Trend in the Demand for Customized Bimetal Plates
Market Growth Drivers:
Increasing Demand in Automotive Industry for the Metallic Plates
Challenges:
Availability of the Substitutes
Restraints:
Fluctuating Raw Material Price
Opportunities:
Emerging Demand from APAC and EUROPE Region
Key highlights of the Global Bimetal Plates market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Bimetal Plates market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Bimetal Plates market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Bimetal Plates Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Bimetal Plates market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Bimetal Plates market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Bimetal Plates Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.