Asia Pacific PTC Thermistor Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type [(Ceramic PTC (Barium Titanate) and Polymer PTC (Carbon Doped Polymer)], by Mode (Self Heating Mode and Sensor Mode), and by Application (Telecommunication

Asia Pacific PTC Thermistor Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type [(Ceramic PTC (Barium Titanate) and Polymer PTC (Carbon Doped Polymer)], by Mode (Self Heating Mode and Sensor Mode), and by Application (Telecommunications and Networking, Automotive System, Industrial Electronics, Consumer Electronics and Home Appliances, Medical Instruments, and Others)

The PTC thermistor market in APAC is expected to grow from US$ 151.47 million in 2021 to US$ 205.10 million by 2028; it is estimated to grow at a CAGR of 4.4% from 2021 to 2028.

Linear silicon PTC thermistors resistance rises with an increase in temperature and exhibits a virtually linear PTC over the entire temperature range. Thermistors are used for temperature compensation and measurement control system. Silicon PTC thermistors are reliable components as they feature long operational lifetimes. PTC thermistors are widely required for the heating of automotive vehicle carburetors. PTC water heater utilizes PTC thermistor elements as a source of heat. A ceramic PTC thermistor is majorly utilized as the auxiliary electric heater in the air conditioner. PTC heaters provide safety and efficiency to electric vehicle (EV) heating systems. In an EV, the PTC heater runs off the high voltage battery for delivering the maximum power to the heater. Automotive HVAC is a growing trend in the modern-day automobile sector across all countries. Increasing buying capacity, decreasing interest rates, encouraging government initiatives, and easy finance availability drive the demand for electric vehicles across various countries of the world. Sales of electric vehicles in the US, China, and Europe markets cumulatively increased by ~160% i.e., to reach ~2.5 million units in the first half of 2021, compared to the previous year. In India, the Ministry of Road, Transport, and Highways issued a draft notification that offered an exemption from paying for the renewal or issuance of registration certificates to people having battery-operated vehicles. Thus, the growing automobile industry is expected to provide lucrative opportunities for the PTC thermistor providers during the forecast period.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC PTC thermistor market at a good CAGR during the forecast period.

APAC PTC Thermistor Market Revenue and Forecast to 2028 (US$ Million)

APAC PTC Thermistor Market Segmentation

By Type

Ceramic PTC (Barium Titanate) Polymer PTC (Carbon Doped Polymer) Mode

Self-Heating Mode Sensor Mode By Application

Telecommunications and Networking Automotive System Industrial Electronics Consumer Electronics and Home Appliances Medical Instruments Others By Country

Australia China India Japan South Korea Rest of APACAPAC PTC Thermistor Market - Companies Mentioned

Altium APAC Gmb H Amphenol Corporation Fuzetec Technology Co. Ltd. General Electric Company KRIWAN Industrie-Elektronik Gmb H Littelfuse, Inc Minilec Group Murata Manufacturing Co., Ltd. NXP Semiconductors TDK Corporation TE Connectivity Corporation Texas Instruments Incorporated Thermik Gerätebau Gmb H TMC Sensortechnik Gmb H Vishay Intertechnology, Inc. ZIEHL industrie-elektronik Gmb H + Co KG

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Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the PTC thermistor market, as well as those hindering it
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