Global PTC resettable fuses market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a significant CAGR during the forecast period.
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Global PTC resettable fuses market Definition
A PTC resettable fuse stands for positive temperature coefficient resettable fuse. It is a small passive electronic device which is basically used to provide protection to the electronic circuits against overcurrent faults. The device is also known as a polyswitch, polyfused, or multifuse.
Global PTC resettable fuses market Dynamics
A surge in the adoption of PTC resettable fuses in industrial control and portable electronics applications as it provides effective damage control and simple mechanism, which is the major driving factor behind the growth of the market. A rising demand for electronic components to protect overvoltage and overcurrent faults, growing market for consumer electronics and semiconductor manufacturing industry across the globe and rising adoption of PTC resettable fuses in computer power supplies are expected to expand growth of market during the forecast period.
However, improper use and inability to operate beyond the specified maximum ratings are the major restraining factors that could hamper the growth of the market.
Global PTC Resettable Fuses Market: Segmentation Analysis
By industry, electronics segment dominated the market in 2019 and is projected to witness fast growth at CAGR of XX% during the forecast period. A growing adoption of PTC resettable fuses in consumer electronics products such as computer, computer peripherals, fire and security alarm systems, mobile phones, loudspeakers, and other portable electronics applications are accredited to the growth of the market. The PTC resettable fuses provide some benefits such as compact size, fast response, high reliability, and high performance making them more demandable in various electronics circuit applications, which is ultimately propelling the market growth. In addition, increasing significance of PTC resettable fuses in applications such as power line, I/O port, telecom, medical equipment protection and process control applications is further expected to propel growth of the market during the forecast period.
Alternatively, automotive segment is projected to witness fast growth at a CAGR of XX% during the forecast period. A rising trend of miniaturization in automotive electronics and increasing adoption of PTC resettable fuses in applications such as automotive infotainment, security systems, Advanced Driver Assistance Systems (ADAS), automotive body electronics and in auto network systems is attributed to the growth of the market. In addition, increasing demand for these devices in automotive applications to provide over-temperature and overcurrent protection for I/O ports and traces, electronic control units, infotainment and telematics systems and motor control circuits are further likely to expand market growth in the coming years.
Global PTC Resettable Fuses Market: Regional Analysis
Region-wise, Asia Pacific held the largest market share in 2019 and is expected to maintain its dominance at CAGR of XX% during the forecast period. The countries such as China, Japan, India and South Korea are major key contributors behind the growth of the market. The growth is attributed to the growing market for semiconductor manufacturing and consumer electronics industry across the region.
A surge in the adoption of PTC resettable fuse in various consumer electronics devices such as mobile phones, increasing demand for electricity and power transmission activities, high capital investment in R&D and innovative technological development and rising adoption in various industrial circuit protection applications are driving the growth of the market in APAC region.
The objective of the report is to present a comprehensive analysis of the Global PTC Resettable Fuses Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding dynamics, structure by analyzing the market segments and projects the Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the make the report investor’s guide.
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Global PTC Resettable Fuses Market, By Product
• Radial Leaded
• Surface Mount
• Axial Lead Battery Strap
• Flat Disc
• Molded Chip
Global PTC Resettable Fuses Market, By Material
Global PTC Resettable Fuses Market, By Industry
Global PTC Resettable Fuses Market, By Region
• North America
• Asia Pacific
• South America
• Middle East and Africa
Global PTC Resettable Fuses Market, Key Players
• Littelfuse, Inc
• Bourns, Inc
• Bel Fuse Inc
• Diodes Incorporated
• Eaton Group
• Honeywell International Inc
• ON Semiconductor
• Schurter Holding AG
• TE Connectivity
• Vishay Intertechnology, Inc
• Ametherm Inc
• Amphenol Corporation
• Epcon Communities
• Murata Manufacturing Co., Ltd
• NTE Electronics Inc
• Future Electronics
• TDK Corp
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