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Thermal Protector Market 2021-2031: Ensuring Safety in Electronics - Surge in Demand for Efficient Thermal Management Solutions Battery Thermistor
WILMINGTON, DELAWARE, UNITED STATES, December 7, 2023 /EINPresswire.com/ -- Thermal protectors play a critical role in ensuring the safety and reliability of electronic devices by preventing overheating. These compact devices respond to temperature fluctuations, interrupting the electrical circuit when excessive heat is detected, thus safeguarding sensitive components from damage. As electronic devices become more prevalent in various industries, the demand for efficient thermal management solutions, including advanced thermal protectors, continues to rise. Their versatility and effectiveness make them integral components in maintaining the longevity and performance of electronics, from consumer appliances to industrial machinery.
The global thermal protector market size was valued at $59,971.2 thousand in 2022 and is projected to reach $88,744.9 thousand by 2031, registering a CAGR of 4.5% from 2022 to 2031.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ : https://www.alliedmarketresearch.com/request-sample/16962
A thermal protector is a device, that protects the motor, compressor, and transformer of electronics from raised up temperatures. It disconnects the current at preset temperatures and re-establishes the current when the temperatures return to normal. According to the International Energy Agency, worldwide energy utilization increased by 4.6% in 2021, twice than the normal rate in 2018. In addition, around 40% of electricity is being used to power electric motors. This was driven by the strengthening of the global economy in the past few years and the increase in demand for electricity.
Furthermore, power demand is growing at a rate of 4%, and the share of electricity in global energy consumption is estimated to reach 24% by 2040. With growing electricity requirements, the demand for electric products is expected to increase simultaneously, which is likely to drive the growth of the thermal protector market globally. In addition, with an exponentially increasing population, the electricity demand is anticipated to escalate significantly, which eventually will foster the demand for electric appliances, thereby escalating the demand for thermal protectors.
Furthermore, Asia-Pacific is anticipated to dominate the market owing to a surge in the growth of the overall economy. China is the main driver for the growth of the Asia-Pacific thermal protector market. This is attributed to the fact that China is one of the largest consumers and producers of various home appliances and consumer electronics products. In addition, it is involved in exporting several input supplies to a wide range of industries that are essentially used to produce finished goods.
๐๐๐ญ ๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ @ https://www.alliedmarketresearch.com/request-for-customization/16962
The Thermal Protector industry's key market players adopt various strategies such as product launches, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.
Guangzhou Senbao Electrical Appliances Co., Ltd. Dongguan Henghao Electric Co., Ltd. Tianyin Electromechanical Jiangsu Changsheng Electric Appliance Co., Ltd. sensata technologies, inc. Haier Smart Home Co. Ltd. Thermtrol Corporation Seki Controls Co., Ltd. Portage Electric Products, Inc. Calco Electric
The global thermal protector industry is segmented into applications and regions. Depending on the application, the thermal protector market analysis is fragmented into motor, compressor, transformer, and others (coffee pots, automatic toasters, laminators, electric water pots, steam guns, steam irons, wind warmers, microwave ovens, and water dispensers). Region-wise, the thermal protector market growth is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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- On the basis of application, the motor segment is anticipated to exhibit the highest CAGR of 4.9% from 2022 to 2031. - Asia-Pacific garnered the highest thermal protector market share of 45% in 2021, in terms of revenue, and is expected to grow at a CAGR of 4.8%.
๐. ๐๐ข๐ ๐ก๐ญ๐ข๐ง๐ ๐๐ซ๐๐ง๐ฌ๐๐จ๐ซ๐ฆ๐๐ซ ๐๐๐ซ๐ค๐๐ญ - https://www.globenewswire.com/news-release/2023/03/20/2630472/0/en/Lighting-Transformer-Market-Is-Expected-to-Reach-2-1-Billion-by-2031-Allied-Market-Research.html
๐. ๐๐๐ฌ๐ญ ๐๐๐ฌ๐ข๐ง ๐๐ซ๐ฒ ๐๐ฒ๐ฉ๐ ๐๐ซ๐๐ง๐ฌ๐๐จ๐ซ๐ฆ๐๐ซ ๐๐๐ซ๐ค๐๐ญ - https://www.prnewswire.com/news-releases/cast-resin-dry-type-transformer-market-to-reach-5-0-bn-globally-by-2030-at-5-3-cagr-allied-market-research-301458144.html
๐. ๐๐๐๐ฎ๐ฎ๐ฆ ๐๐ซ๐๐ฌ๐ฌ๐ฎ๐ซ๐ ๐๐ฆ๐ฉ๐ซ๐๐ ๐ง๐๐ญ๐๐ (๐๐๐) ๐๐ซ๐๐ง๐ฌ๐๐จ๐ซ๐ฆ๐๐ซ ๐๐๐ซ๐ค๐๐ญ - https://www.globenewswire.com/news-release/2022/08/22/2502341/0/en/Vacuum-Pressure-Impregnated-VPI-Transformer-Market-To-Reach-2-47-Bn-by-2030-Allied-Market-Research.html
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