Global Inrush Current Limiter Market – Industry Analysis and Forecast (2019-2027)
- POSTED ON Saturday, March 13, 2021
Global inrush current limiter market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of ~9% during the forecast period.
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An inrush current limiter is an electronic component that is used to restrict inrush current occurred in electronics devices at turn on situation. The basic use of inrush current limiter is to avoid expected breakdown of the devices and to shun tripping circuit breakers or blowing fuses.
Nowadays, a variety of applications such as industrial power tools, machineries and many other equipment with high current, use inrush current limiter component as a most significant design tool to avoid the problematical situations of inrush current, which is major driving factor behind the growth of market. A surge in the adoption of inrush current limiter for applications such as transformers, motors, amplifiers, switched mode power supplies, colour television sets, monitors and many other electronics devices, increasing demand from power generation industry and growing adoption of current limiter in industrial applications are expected to improve growth of market during the forecast period. Inrush current limiter provides some benefits such as switch protection, prevention of fuses from potential errors and reduced line-current distortion, which are further likely to drive the market growth. However, availability of alternative current limiting components is major restraining factor that could hamper the growth of the market.
Global Inrush Current Limiter Market: Segmentation Analysis
By type, the negative temperature coefficient (NTC) thermistor segment dominated the market in 2019 and is projected to witness fast growth at CAGR of XX% during the forecast period. Inrush current limiter based NTC thermistor is most widely used component to protect electronic circuits in numerous applications. A number of electronics equipment such as transformers, electric motors and switch-mode power supplies are exhibit very high inrush currents at a time of the turn on, which can cause the damage to other components. By using NTC thermistors-based inrush current limiter it is possible to limit these inrush currents effectively, at a reasonable cost and with more reliability. NTC thermistor provides some major benefits such as simpler design, lower component cost, grater manufacturing simplicity and requirement of less space than other thermistor, which make them more demandable in the global market.
By end-user, industrial segment dominated the market in 2019 and is expected to maintain its dominance at CAGR of XX% during forecast period. Growing adoption of inrush current limiter in equipment engineering and industrial electronics applications is attributed to the growth of market. Increasing industrialization in developing economies, rising adoption of inrush current limiters in industrial equipments such as welding machines and increasing demand from power generation industry for applications such as inverters, wind turbines and other energy systems is driving the growth of market.
Future scope of inrush current limiters:
• Even though inrush current limiter components have been seeing tremendous growth from the last ten years, the switch mode power supplies applications in the latest PCs gave them their effective start.
• The positive impact and significance of inrush current limiters can be seen in current green energy applications which are continuously expanding and evolving from past few years.
• These components also can find its application in battery chargers of trending electric vehicles and can be used in lithium ion pre-charge circuits.
Global Inrush Current Limiter Market: Regional Analysis
Region-wise, Asia Pacific held the largest market share in 2019 and is expected to maintain its dominance at CAGR of XX% during the forecast period. The countries such as China, Japan, India and South Korea are major key contributors behind the growth of the market. The growth is attributed to the massive presence of various leading inrush current limiter component manufacturing companies across the region.
Increasing projects related with power generation using green energy systems and rising adoption of electric vehicles and consumer household electronics devices such as PCs, TV sets, home inverters and other power devices is driving the growth of market in the APAC region. Additionally, increasing demand of inrush current limiters in industrial applications such as in consumer electronics, medical, automotive industry, aerospace and military applications is expected to improve the growth of the market during forecast period.
The objective of the report is to present a comprehensive analysis of the Global Inrush Current Limiter Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Inrush Current Limiter Market dynamics, structure by analyzing the market segments and projects the Global Inrush Current Limiter Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Inrush Current Limiter Market make the report investor’s guide.The Scope of Global Inrush Current Limiter Market
Global Inrush Current Limiter Market, By Type
• Negative temperature coefficient (NTC) thermistors• Positive temperature coefficient (PTC) thermistors• Fixed resistorsGlobal Inrush Current Limiter Market, By End User
• Commercial• Industrial• Household applicationGlobal Inrush Current Limiter Market, By Region
• North America• Europe• Asia Pacific• South America• Middle East and AfricaGlobal Inrush Current Limiter Market, Key Players
• Murata Electronics• TE connectivity• IBS Electronics Inc• TTI, Inc• Sowparnika Thermistors and Hybrids Pvt. Ltd• Honeywell International, Inc• Mouser Electronics• TDK Corporation• Ametherm• Cantherm• Amphenol ICC• AVX Corporation• Littlefuse Inc• Vishay Intertechnology Inc• US Sensor
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