New York, March 14, 2022 (GLOBE NEWSWIRE) – Reportlinker.com announces the release of the report “PTC Thermistor market Forecast to 2028 – COVID-19 Impact and Global Analysis by Type; by Mode; by Application, and Geography” – https://www.reportlinker.com/p06244590/?utm_source=GNW
In 2020, APAC had the largest share of the global PTC thermistor market.
Many East Asian economies, especially China, South Korea, Taiwan, Japan, Malaysia, the Philippines, Thailand and are heavily dependent on the electronics manufacturing industry as a source of manufactured exports. As the Asian economy has established its position as one of the leading regions for electronics and semiconductor manufacturing worldwide, the demand for various types of electronics such as resistors, motors and drivers continues to increase.
This factor helps to contribute to the market growth.
In North America, with the formulation of production initiatives such as the Materials Genome Initiative, it is expected to develop, manufacture and execute advanced materials at greater speed to create demand for more industrial electronics and components used in machinery, which is expected to generate more demand for resistors. With factors mentioned above related to the presence of manufacturers, registration applications in the automotive industry and demand for industrial electronics in the United States are expected to feed the market in the region.
Various Asian economies experienced a sharp decline in their GDP in 2020 due to the sudden closure of the majority of economic activities across several countries. India is the worst hit country by the pandemic in Asia Pacific.
The restrictions imposed by governments to control the spread of COVID-19 in the initial time frame of the outbreak in those countries affect the production process due to the limitation of a limited workforce. The automotive industry and consumer electronics are the key sectors contributing to the growth of the PTC thermistor market in the region.
This affected sales of HVAC systems and electronic devices. According to the Automobile Industry Associations, the Indian automotive industry suffered a daily loss of approximately $ 31,164 million during 2020.
A PTC thermistor is used as a heater in the automotive industry to offer extra heat inside a cabin along with a diesel engine or to heat diesel under cold climatic conditions. As the production of cars dropped drastically, the demand for respective PTC thermistors was drastically affected. As economies reopened and industries began their activities, the demand for PTC thermistors from various end-user industries began to grow gradually.
The PTC thermistor market is segmented based on type, condition and application. Based on type, the PTC thermistor market is segmented into ceramic PTC and polymer PTC.
In terms of mode, the PTC thermistor market is divided into self-heating mode and sensor mode. Based on application, the PTC thermistor market is segmented into telecommunications and networks, automotive systems, industrial electronics, consumer electronics and household appliances, medical instruments and others.
The overall PTC thermistor market size has been deduced using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
The process also serves the purpose of obtaining an overview and forecast for the PTC thermistor market with respect to all segments pertaining to the region. Several primary interviews were also conducted with industry participants and commentators to validate the data, as well as to gain more analytical insight into the topic.
Participants in this process include industry experts, such as VPs, business development managers, market intelligence managers and national sales managers, along with external consultants, such as valuation experts, research analysts and key opinion leaders, specializing in the PTC thermistor market. G Bourns, Inc.; Littelfuse, Inc .; Murata Manufacturing Co., Ltd; Polytronics Technology Corporation; and TE Connectivity are among the key players operating in the global PTC thermistor market.
Read the full report: https://www.reportlinker.com/p06244590/?utm_source=GNW
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