Middle East and Africa PTC Thermistor Market is expected to reach US$ 14.14 Million by 2028

Industrial Electronics Segment to Dominate MEA PTC thermistor Market during 2020–2028         

According to a new market research study on “MEA PTC Thermistor Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Mode, and Application” is expected to reach US$ 14.14 million by 2028 from 11.76 US$ million in 2021. The market is estimated to grow at a CAGR of 2.4% from 2021 to 2028. The report provides trends prevailing in the MEA PTC thermistor market along with the drivers and restraints pertaining to the market growth. High adoption of PTC thermistor in medical sector is the major factor driving the growth of the MEA PTC thermistor market. However, issues associated with various restrictions associated with interchangeability hinders the growth of MEA PTC thermistor market.

 MEA PTC thermistor market is segmented into type, mode, application, and country. Based on type, the global PTC thermistor market is segmented into ceramic PTC (Barium Titanate) and polymer PTC (Carbon Doped Polymer). The ceramic PTC segment dominated the market in 2020. Based on mode, the PTC thermistor market is segmented into self heating mode and sensor mode. In terms of market share, the market was dominated by the self heating mode segment in 2020. Based on application, the MEA PTC thermistor market is segmented into telecommunications and networking, automotive system, industrial electronics, consumer electronics and home appliances, medical instruments, others. Industrial electronics segment held the largest market share in 2020. Based on country, the MEA PTC thermistor market is segmented into Saudi Arabia, South Africa, UAE and rest of MEA. UAE held the largest market share in 2020.

Amphenol Corporation; Fuzetec Technology Co. Ltd.; General Electric Company; Littelfuse, Inc; NXP Semiconductors; TDK Corporation; TE Connectivity Corporation; Texas Instruments Incorporated; and Vishay Intertechnology, Inc. are among the leading companies in the MEA PTC thermistor market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Murata has added the PRF03BB541NB7RL to their line of positive temperature coefficient (PTC) surface-mount chip thermistors for overheat sensing. These thermistors have been designed for use in a variety of consumer electronic items and equipment, including wearable technologies, smartphone handsets, and tablets.     

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