Press release
PTC Thermistor Market is anticipated to record a valuation In 2028, a recent study
The PTC Thermistor Market is expected to reach US$ 475.21 million by 2028 from US$ 372.06 million in 2021; it is estimated to grow at a CAGR of 3.6% from 2021 to 2028.The PTC thermistor market is broadly segmented into five major regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2020, APAC held the largest share of the global PTC thermistor market. Many East Asian economies, notably China, South Korea, Taiwan, Japan, Malaysia, the Philippines, Thailand, and rely heavily on the electronics manufacturing industry as a source of manufactured exports. As the Asian economy has established its position as one of a leading regions for electronic & semiconductor manufacturing across the world, the demand for different type of electronics such as resistors, motors, and drivers endures to rise. This factor helps in contributing toward the market growth.
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Analysis of the Top Market Players:
1. TE Connectivity Corporation
2. TDK Corporation
3. Texas Instruments Incorporated
4. Vishay Intertechnology, Inc.
5. ZIEHL industrie-elektronik GmbH + Co KG
6. Murata Manufacturing Co., Ltd.
7. Amphenol Corporation
8. KRIWAN Industrie-Elektronik GmbH
9. NXP Semiconductors
10. Altium Europe GmbH
In this report, the market has been segmented on the basis of:
Type (Ceramic PTC (Barium Titanate) and Polymer PTC (Carbon Doped Polymer) ); by Mode ( Self Heating Mode and Sensor Mode )
Application (Telecommunications and Networking, Automotive System, Industrial Electronics, Consumer Electronics and Home Appliances, Medical Instruments, and Others , and Geography
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In North America, with formulation of manufacturing initiative like Materials Genome Initiative aims to develop, manufacture, and execute advanced materials with greater speed is expected to create demand for more industrial electronics & components used in the machineries which is projected to generate more demand for resistors. With factors mentioned above related to presence of manufacturers, sensing applications in automotive, and demand for industrial electronics in the US are expected to fuel the market in the region.
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