According to a new report, published by KBV research, The Global Thermal Protector Market size is expected to reach $80.8 million by 2028, rising at a market growth of 4.7% CAGR during the forecast period.
The Motor market is leading the Global Thermal Protector Market by Application in 2021; thereby, achieving a market value of $30.5 Million by 2028. The rise in the growth of the segment is owing to the factor that the motor is a very essential component in any machine. It is the main part of the equipment, due to which, that equipment run. The motor of a device is required to tolerate a lot of pressure during the operation. It increases the tendency of the motor to overheat.
The Asia Pacific market dominated the Global Thermal Protector Market by Region in 2021; thereby, achieving a market value of $33.1 Million by 2028. The North America market is anticipated to grow at a CAGR of 4% during (2022 - 2028). Additionally, The Europe market would experience a CAGR of 4.5% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/thermal-protector-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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Companies Profiled
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