PTC Resettable Device Market Size, Share & Industry Analysis, By Material Type (Polymeric Type, Ceramic Type, Others), By Application (Telecom, Alarm Systems, Automotive, Set-top Boxes, Battery Packs, Others) And Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
A PTC resettable device is a protection device that is intended for operation during overcurrent or over-temperature events that occur during unplanned events. The fuse function as a safety device, and is ideal for situations where frequent overcurrent conditions occur or constant uptime is required. The device cools and returns or resets to its normal, low resistance state after the overcurrent state. This helps the industry to obtain protection from faults current in wide applications, which productivity and reduction in unscheduled downtime.
Based on the material type, the market is segmented into polymeric type, ceramic type, and others. The polymer material type is anticipated to dominate the market, owing to its wide availability through different operating characteristics which also includes greater internal resistance and high heat tolerance, and high voltage ratings, other than that it provides the formation of multiple conductive paths and provide low resistance, twice that of a fuse with same ratings.
Based on the applications, the market is segmented into telecom, alarm systems, automotive, set-top boxes, battery packs, and others. In the automotive segment, the PTC resettable fuse plays a vital role in the door locking system. The automotive door lock required circuits need overcurrent protection, system controls may get damage owing to door lock jam or forcing of a door, to avoid such uncertain events PTC resettable fuse series can prevent heat buildup during such scenario underlining their high reliability and durability, and stability and high-temperature tolerance. Based on this factor, the automotive segment is anticipated to dominate during the forecast period.
One of the major drivers for the PTC resettable device market is the continuous rise in electronics and telecom products along with well-known technology for voltage capability with higher current ratings and costs similar to size for the surface mounts. However, higher responsive time is not suitable for sensitive applications and may require a service call which may hinder the market growth.
Key Market Driver -
The growing rise in electronics and telecom users
Key Market Restraint -
The variability in responsive time hinders the market
Key players covered:
Some of the major companies present in the PTC resettable device market are Littelfuse, Encitech, Eaton Bussmann, TE Connectivity, Schurter, Texas Instruments, Multicomp, ATC Semitec, TYCO Electronics, EPCOS, HUAAN Limited, Bourns, and Murata Manufacturing Co Ltd.
Regional analysis:
The PTC resettable device market has been studied across North America, Europe, Asia Pacific, Latin America, the Middle East & Africa. The Asia Pacific is anticipated to dominate the most significant market due to the rising demand for electronics and telecom users across countries like India, China, Japan, and others. Other than that, a region like Japan has a significant growth for PTC resettable device market due to the majority demand from the transportation and residential segment. Followed by Asia Pacific, North America and Europe have the majority of demand for automotive industries and electronics consumers; other than that, the adaptive use of electric vehicles and hybrid vehicles across various regions is anticipated to create the need for PTC resettable device. In Latin America, the PTC resettable device market can be seen to have a potential growth in electronics applications, automotive, and others across various regions of Latin America and is anticipated to grow during the forecast period.
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Segmentation
ATTRIBUTE | DETAILS |
By Material Type |
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By Application |
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By Geography |
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Key Industry Developments
- In January 2020, Murata has begun commercialization and mass production of the world’s smallest PTC thermistor for mobile devices and small wearable applications. The new PTC thermistor will help to prevent short circuits and future improvement in product safety.
- In July 2019, Bourns has acquired Keko – Varicon, a leading circuit protection component company. This acquisition will enhance and allow Bourns to gain a significant strategic advantage in the range of protection solutions.
- Ongoing
- 2023
- 2019-2022
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