Inrush Current Limiter Market Size, Share, and Analysis, By Type (Negative Temperature Coefficient Thermistor, Positive Temperature Coefficient Thermistor, and Others), By Application (Power Supplies, Transformers, Motors, Inverters, and Others), By End-User (Information & Communication Technology, Automotive, Industrial Machinery, Healthcare, Consumer Electronics, and Energy), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034.
Inrush Current Limiter Market Size, Share, and Analysis, By Type (Negative Temperature Coefficient Thermistor, Positive Temperature Coefficient Thermistor, and Others), By Application (Power Supplies, Transformers, Motors, Inverters, and Others), By End-User (Information & Communication Technology, Automotive, Industrial Machinery, Healthcare, Consumer Electronics, and Energy), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034.
PRODUCT OVERVIEW
Inrush Current Limiter Market is anticipated to grow at a CAGR of 9.2% in the forecast period (2024-2034), with the market size valued at USD 1.5 billion in 2023 and projected to reach USD 3.8 billion by 2034.
Inrush current limiter is a device which is commonly designed to control the current when an electrically powered equipment is turned on. The current, which is also referred to as inrush current, can normally be higher than the initial operating current of an equipment. This current can cause circuits to fail and can damage electrical equipment in general. Additionally, inrush current limiters promote smooth operation of electronic devices. These limiters are used in a variety of electrical and electronic equipment, along with industries like medical, automotive, and electrical component manufacture. Furthermore, inrush current limiters are often available in positive and negative coefficient thermistor, which assist in comprehensive equipment protection, stabilization, and improved operation.
MARKET HIGHLIGHTS
Inrush current limiter market is anticipated to reach USD 3.8 billion, growing at a CAGR of 9.2% during the forecast period, owing to growing global usage of electric powered equipment across various sectors and users. Inrush current limiters are actively used in several industries including automotive, industrial machinery, and information & communication technology. Moreover, the efficient and powerful use of electronic devices require better safety so that these devices don’t get any internal or any external damage. Furthermore, inrush current limiters perform better in regulating inrush currents, which allow devices to be used more efficiently. Therefore, the advancement of electrical devices used across industries will have a direct impact on the growth of inrush current limiters market.
Inrush Current Limiter Market Segments:
- By Type
- Negative Temperature Coefficient Thermistor
- Positive Temperature Coefficient Thermistor
- Others
- By Application
- Power Supplies
- Transformers
- Motors
- Inverters
- Others
- By End User
- Information and Communication Technology
- Automotive
- Industrial Machinery
- Healthcare
- Consumer Electronics
- Energy
MARKET DYNAMICS
Growth Drivers
Increasing Demand for Electronics Will Influence Positive Market Growth
Rising Awareness for Safety Regulations Demands Inrush Current Limiters
Restraint
High Cost of Inrush Current Limiters can Affect its Market Expansion
Key Players
- Murata Manufacturing Co., Ltd.
- Ametherm, Inc.
- Thermometrics Corporation
- CLIMAX Technology Co., Ltd.
- Eaton Corporation
- Selco Products Company
- Vishay Intertechnology, Inc.
- TE Connectivity Ltd.
- TDK Corporation
- Amphenol Advanced Sensors
- Riedon Inc.
- Amveco Magnetics
- Cantherm
- STMicroelectronics
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this Report
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
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