Asia Pacific Thermal Protector Market Size, Share & Industry Trends Analysis Report By Application (Motor, Compressor, Transformer and Others), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Thermal Protector Market would witness market growth of 5.1% CAGR during the forecast period (2022-2028).
Electronic devices and modern supplies have a type of temperature control that causes them to shut off when a component temperature rises above a safe level. Different strategies can be used to safeguard electronic equipment and power supplies against extreme temperatures. The decision is based on the circuit's sensitivity and intricacy. A self-resetting sort of protection is utilized in intricate circuits. Once the temperature returns to normal, this allows the circuit to start up again. Protection from thermal injury or fires brought on by overcharging, overloading, or other stresses is provided by thermal fuses.
Thermal fuses are made to activate when the ambient temperature rises above normal levels, unlike overcurrent fuses, which open when the current exceeds the safe value. Use is made of a resistor that changes resistance with temperature, such as the PTC. The majority of the time, they are installed on the heat sink or relatively near the component with the temperature needed to be tracked. When all of the components are operating normally and within the set parameters, the PTC exhibits its typical resistance. The resistance rises as the temperature rises, limiting the amount of current that can travel through the circuit.
For the Indian economy, the manufacturing of industrial products, including electrical and metal products, machinery and equipment, cement, building as well as construction materials, rubber and plastic products, and automation technology products, is a significant growth area. One of the key factors influencing India's Gross Domestic Product (GDP) is growing in the industrial sector. According to the International Trade Administration, the pre-pandemic GDP for India was created by the manufacturing sector, which is expected to increase at one of the fastest rates.
The China market dominated the Asia Pacific Thermal Protector Market by Country in 2021; thereby, achieving a market value of $9.0 Million by 2028. The Japan market is exhibiting a CAGR of 4.5% during (2022 - 2028). Additionally, The India market is experiencing a CAGR of 5.7% during (2022 - 2028).
Based on Application, the market is segmented into Motor, Compressor, Transformer and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sensata Technologies Holdings PLC, Haier Smart Home Co., Ltd. (Haier Group Corporation), Changshu Tianyin electromechanical Co., Ltd., Portage Electric Products, Inc., Guangzhou Senbao Electrical Appliances Co., Ltd., Thermtrol Corporation, Calco Electric Corp., Dongguan Hen Hao Electric Co., Ltd., Jiangsu Changsheng Electric Appliance Co., Ltd., Seki Controls Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Sensata Technologies Holdings PLC
- Haier Smart Home Co., Ltd. (Haier Group Corporation)
- Changshu Tianyin electromechanical Co., Ltd.
- Portage Electric Products, Inc.
- Guangzhou Senbao Electrical Appliances Co., Ltd.
- Thermtrol Corporation
- Calco Electric Corp.
- Dongguan Hen Hao Electric Co., Ltd.
- Jiangsu Changsheng Electric Appliance Co., Ltd.
- Seki Controls Co., Ltd.
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