Inrush Current Limiter Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Inrush Current Limiter Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Inrush Current Limiter Market

The inrush current limiter market size was valued at USD 1.24 billion in 2023, and the market is now projected to grow from USD 1.32 billion in 2024 to USD 1.93 billion by 2032, exhibiting a CAGR of 5.58% during the forecast period of 2024-2032.

The pandemic disrupted global delivery chains, causing delays in the production and distribution of digital components, consisting of inrush modern-day limiters. Manufacturers confronted challenges in sourcing raw materials, main to capacity supply shortages. Lockdowns and social distancing measures affected production ability, impacting inrush present day limiter manufacturing. Economic uncertainty led some businesses to postpone or cancel initiatives, impacting the marketplace in a different way. The pandemic increased remote work and digitalization, growing inrush current limiter market growth.

Inrush cutting-edge limiter generation has developed significantly, improving efficiency, versatility, and flexibility in numerous applications. These limiters can handle higher energy masses whilst proscribing inrush currents, making them suitable for a much broader range of devices and structures. Modern electronics manufacturers like Vizimax Inc. And TTI, Inc. Provide compact inrush cutting-edge limiters, inclusive of SynchroTeq Lite and SynchroTeq Plus, designed for high-voltage spring-kind circuit breakers. Modern limiters also provide greater adjustable and customizable options, allowing producers to tailor them to meet unique device needs. Some limiters also characteristic digital monitoring and manipulate features for real-time monitoring and remote parameter adjustment.

The automotive enterprise is present process a change due to electrification, advanced driver assistance structures, and increased connectivity. As electric powered and hybrid automobiles grow, coping with preliminary cutting-edge surge in the course of battery charging and power-on is crucial. Inrush contemporary limiters make sure a managed and sluggish energy-up process, stopping pressure on electrical components and batteries. They alter the release of battery strength in electric cars, Li-lon pre-rate circuits, and battery chargers. As charging infrastructure for electric powered motors expands, the need for reliable power control solutions grows. Inrush contemporary limiters are essential for EVs and traditional internal combustion engine motors, improving gadget sturdiness and protecting sensitive additives.

Comprehensive Analysis of Inrush Current Limiter Market

The global market for negative temperature coefficient thermistors is segmented into negative and positive thermistors. The negative temperature coefficient thermistor segment is expected to dominate the market due to their reliability, cost-effectiveness, and long operational life. These thermistors are broadly used in numerous industries, inclusive of purchaser electronics, industrial device, and car packages. The end-consumer section is split into car, consumer electronics, business machinery, energy, statistics and communique technology, and healthcare. The automotive phase is expected to guide due to the developing adoption of electrical cars and hybrid automobiles. Inrush modern limiters are crucial for contemporary car electronics, as they defend touchy digital additives in the course of start-up or power-up. Overall, the automotive segment is expected to dominate the global market.

The Asia Pacific region lead the inrush current limiter market share by benefitting a market size of USD 0.45 billion in 2023 due to rapid industrialization and infrastructure development, necessitating a wide range of electrical and electronic equipment, including inrush current limiters, to protect circuits and components.

Power Management Company received Power Distribution, Inc. In February 2020, a global supplier of task-essential strength distribution, tracking services, and gadget for records facilities and industrial and industrial customers. With 2019 sales of USD 125 million, PDI has controlling centers in California and Virginia and employs around 450 human beings. Key corporations profiled in the acquisition encompass Eaton, Ametherm, Cantherm, Mean Well, Siemens, Amphenol Corporation, Murata Electronics, TE Connectivity, TDK Corporation, and Mouse Electronics.

Ametherm, Incorporated, a global manufacturer of inrush current limiters and temperature sensing thermometers, has introduced the PANR 103395 thermistor, available for purchase at Mouser and Digi-key, making it more accessible.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 5.58% from 2023 to 2030

Value Value (USD Billion)

Segmentation By Type, By End-User, and By Region

Segmentation By Type

Negative Temperature Coefficient Thermistor

Positive Temperature Coefficient Thermistor

Others

By End User

Automotive

Consumer Electronics

Industrial Machinery

Energy

Information and Communication Technology

Healthcare

Others

By Country

North America (By Type, By End-User, and By Country)

U.S. (By End-User)

Canada (By End-User)

Europe (By Type, By End-User, and By Country)

Germany (By End-User)

France (By End-User)

U.K. (By End-User)

Spain (By End-User)

Italy (By End-User)

Russia (By End-User)

Rest of Europe (By End-User)

Asia Pacific (By Type, By End-User, and By Country)

China (By End-User)

India (By End-User)

Japan (By End-User)

Australia (By End-User)

Southeast Asia (By End-User)

Rest of Asia Pacific (By End-User)

Latin America (By Type, By End-User, and By Country)

Brazil (By End-User)

Mexico (By End-User)

Rest of Latin America (By End-User)

Middle East & Africa (By Type, By End-User, and By Country)

GCC (By End-User)

South Africa (By End-User)

Rest of the Middle East & Africa (By End-User)


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