Global PTC Thermistors Market Set to Double to USD 3.26 Billion by 2032 Stimulated by the Surge in Electric Vehicles Adoption

Dataintelo has published a new report stating that the global positive temperature coefficient (PTC) thermistors market size, which was valued at USD 1.57 Billion in 2023, is projected to reach an impressive USD 3.26 Billion by 2032. The market is anticipated to expand at a compound annual growth rate (CAGR) of 7.5% during the period from 2024 to 2032. This significant growth is largely attributed to the rising demand for reliable overcurrent protection solutions provided by PTC thermistors.

PTC thermistors, which play a crucial role in monitoring and regulating battery temperature to ensure safe and efficient operation under varying conditions, are seeing increased demand due to the global adoption of electric vehicles (EVs). As the automotive industry moves towards electrification in an attempt to reduce emissions and improve fuel efficiency, the need for PTC thermistors in EV battery management systems is expected to surge significantly. The burgeoning adoption of EVs is set to be a major driver for the PTC thermistor market during the assessment year and beyond.

The report emphasizes that the PTC thermistors market is poised for considerable growth propelled by technological advancements and worldwide EV adoption. This trend indicates a highly favourable market condition for manufacturers and players in the PTC thermistors industry, with ample opportunities for development and expansion in the coming years

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://dataintelo.com/request-sample/47352

𝐓𝐡𝐢𝐬 𝐢𝐬 𝐨𝐧𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐜𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐬:

The positive temperature coefficient ptc thermistors market has been segmented on the basis of𝐓𝐲𝐩𝐞
● Switching
● Non-switching

𝐕𝐨𝐥𝐭𝐚𝐠𝐞 𝐑𝐚𝐭𝐢𝐧𝐠
● Below 120V
● 120V to 1000V
● Above 1000V

𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥
● Online Retail
● Offline Retail

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧
● Data Centers
● Renewable Energy
● Automotive
● Industrial
● Others

𝐄𝐧𝐝-𝐮𝐬𝐞𝐫
● OEM
● Distributors & Resellers

𝐑𝐞𝐠𝐢𝐨𝐧
● Asia Pacific
● North America
● Latin America
● Europe
● Middle East & Africa

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
● Amphenol Corporation
● EPCOS AG
● KEMET Corporation
● Littelfuse, Inc.
● 𝐌𝐮𝐫𝐚𝐭𝐚 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐂𝐨., 𝐋𝐭𝐝.
● Panasonic Corporation
● TDK Corporation
● TE Connectivity Ltd.
● Texas Instruments Incorporated
● 𝐕𝐢𝐬𝐡𝐚𝐲 𝐈𝐧𝐭𝐞𝐫𝐭𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲, 𝐈𝐧𝐜.



Segment Analysis

The positive temperature coefficient (PTC) thermistors market is divided into various segments based on type, voltage rating, distribution channel, application, end-user, and key players. In terms of type, the market is bifurcated into switching and non-switching PTC thermistors. The voltage rating segment is categorized into below 120V, 120V to 1000V, and above 1000V. Distribution channels are further segmented into online and offline retail. Online retail is witnessing significant growth owing to growing e-commerce trends globally. The application-wise market segmentation includes data centers, renewable energy, automotive, industrial, and others. Out of these, the automotive sector is expected to hold a dominant share in the near future due to a surge in electric vehicle production and adoption of advanced safety systems. The end-user segment is classified into OEMs, distributors, and resellers, where OEMs are anticipated to maintain a significant market share owing to their direct link with manufacturers.

Regional Analysis

On a regional basis, the Positive Temperature Coefficient (PTC) thermistors market comprises Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The Asia Pacific region is poised to dominate the market due to increased investments in renewable energy projects and the presence of well-established consumer electronics manufacturers. North America and Europe are projected to observe significant growth in the PTC thermistors market due to advancements in technology and growing adoption of electric vehicles. The market in Latin America and Middle East & Africa is anticipated to witness steady growth owing to the rising demand for energy-efficient devices and the emergence of local manufacturers. Major players in this market include Amphenol Corporation, EPCOS AG, KEMET Corporation, Littelfuse, Inc., Murata Manufacturing Co., Ltd., Panasonic Corporation, TDK Corporation, TE Connectivity Ltd., Texas Instruments Incorporated, and Vishay Intertechnology, Inc

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://dataintelo.com/request-sample/47352

Market Drivers:

1. Increasing Demand in Automotive Industry: The increasing usage of PTC thermistors in the automotive industry for applications like motor protection, cabin comfort, battery management and heating systems is a major driver for the market.

2. Growing Demand for Energy Efficient Devices: PTC thermistors contribute to the efficiency of various devices and systems due to their self-regulating features. With the growing focus on energy efficiency and cost savings, the demand for PTC thermistors is expected to increase.

3. Technological Advancements: Rapid technological advancements and innovation in the field of electrical and electronic components have led to the development of more effective and efficient PTC thermistors. This has increased their usability in various sectors, subsequently driving market growth.

4. Increasing Consumer Electronics Market: The proliferating consumer electronics market globally, particularly in emerging economies, is driving the demand for PTC thermistors.

Opportunities:

1. Use in Green Energy Solutions: With growing emphasis on sustainable and eco-friendly energy solutions, PTC thermistors can find wide application in renewable energy systems like solar panels, wind turbines, etc., offering significant growth opportunities.

2. Internet of Things (IoT): The expansion of IoT in various industries opens up numerous opportunities for the use of PTC thermistors in different applications.

3. Increasing Use in HVAC Systems: Rising construction activities and growth in HVAC systems worldwide present significant opportunities for PTC thermistors manufacturers.

4. Electric Vehicles (EVs): The rapid growth in the EVs market is expected to offer lucrative opportunities for PTC thermistors, particularly in battery management and temperature control solutions.

5. Growth in Home Appliances Market: Increased use of smart and energy-efficient appliances in households globally provides opportunities to expand the PTC thermistors market further

𝐘𝐨𝐮 𝐜𝐚𝐧 𝐝𝐢𝐫𝐞𝐜𝐭𝐥𝐲 𝐛𝐮𝐲 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐟𝐫𝐨𝐦: https://dataintelo.com/checkout/47352

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