Europe Shape Memory Alloys Market Size & Outlook
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Europe shape memory alloys market highlights
- The Europe shape memory alloys market generated a revenue of USD 3,766.9 million in 2023.
- The market is expected to grow at a CAGR of 11% from 2024 to 2030.
- In terms of segment, nickel-titanium (nitinol) was the largest revenue generating type in 2023.
- Nickel-Titanium (Nitinol) is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 3,766.9 million |
| Market revenue in 2030 | USD 7,834.3 million |
| Growth rate | 11% (CAGR from 2023 to 2030) |
| Largest segment | Nickel-titanium (nitinol) |
| Fastest growing segment | Nickel-Titanium (Nitinol) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Nickel-Titanium (Nitinol), Copper-based Alloys |
Other key industry trends
- In terms of revenue, Europe region accounted for 27.1% of the global shape memory alloys market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,721.7 million by 2030.
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Shape memory alloys market Scope
Shape memory alloys market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Dynalloy | View profile | 101-250 | Irvine, California, United States, North America | https://www.dynalloy.com |
| Mishra Dhatu Nigam Limited | View profile | 501-1000 | Hyderabad, Andhra Pradesh, India, Asia | https://midhani-india.in/ |
| Nippon Seisen | View profile | 501-1000 | Kadoma, Osaka, Japan, Asia | http://www.n-seisen.co.jp/ |
| SAES Getters | View profile | 1001-5000 | Milan, Lombardia, Italy, Europe | https://www.saesgetters.com |
| Fort Wayne Metals | View profile | 1001-5000 | Fort Wayne, Indiana, United States, North America | http://fwmetals.com |
| Johnson Matthey PLC | View profile | 12638 | 25 Farringdon Street, 5th Floor, London, United Kingdom, EC4A 4AB | https://www.matthey.com |
| ATI Inc | View profile | 7300 | 2021 McKinney Avenue, Dallas, TX, United States, 75201 | https://www.atimaterials.com |
| Nippon Steel Corp | View profile | 121990 | 6-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8071 | https://www.nipponsteel.com |
| Furukawa Electric Co Ltd | View profile | 51314 | Marunouchi Nakadori Building, 2-3, Marunouchi 2-chome, Chiyodaku, Tokyo, Japan, 100-8322 | http://www.furukawa.co.jp |
Europe shape memory alloys market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to shape memory alloys market will help companies and investors design strategic landscapes.
Nickel-titanium (nitinol) was the largest segment with a revenue share of 89.69% in 2023. Horizon Databook has segmented the Europe shape memory alloys market based on nickel-titanium (nitinol), copper-based alloys covering the revenue growth of each sub-segment from 2018 to 2030.
Europe is a forerunner in green energy and sustainability initiatives to curb carbon and greenhouse gas emissions caused by various industrial activities and electricity generation through conventional sources.
According to the International Renewable Energy Agency (IRENA), the total renewable energy capacity of Europe increased from 537.49 gigawatts (GW) in 2018 to 786.79 GW in 2023. The focus of EU on green technology and sustainable development aligns perfectly with the use of SMAs.
The industries in Europe are increasingly adopting SMAs in various applications, including renewable energy systems owing to their unique properties that enhance the efficiency and reliability of components.
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Our clientele includes a mix of shape memory alloys market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe shape memory alloys market , including forecasts for subscribers. This continent databook contains high-level insights into Europe shape memory alloys market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe shape memory alloys market size, by country, 2018-2030 (US$M)
Europe Shape memory alloys market Outlook Share, 2023 & 2030 (US$M)
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