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.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 151.47 Million |
| Market Size by 2028 | US$ 205.10 Million |
| CAGR (2021 - 2028) | 4.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific PTC Thermistor Market is valued at US$ 151.47 Million in 2021, it is projected to reach US$ 205.10 Million by 2028.
As per our report Asia Pacific PTC Thermistor Market, the market size is valued at US$ 151.47 Million in 2021, projecting it to reach US$ 205.10 Million by 2028. This translates to a CAGR of approximately 4.4% during the forecast period.
The Asia Pacific PTC Thermistor Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific PTC Thermistor Market report:
The Asia Pacific PTC Thermistor Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific PTC Thermistor Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific PTC Thermistor Market value chain can benefit from the information contained in a comprehensive market report.
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