Resettable Fuse PPTC Market size is projected to cross USD 7 billion by the end of 2036, expanding around 8% CAGR during the forecast period, i.e., 2024 – 2036. In the year 2023, the industry size of resettable fuse PPTC was approximately USD 4 billion. The major factor driving the market expansion is the growing demand for consumer electronics such as smartphones. Currently, approximately 5 billion people all across the world use smartphones, which equates to about 84% of the population worldwide. Hence, the demand for this market is growing in order to protect electronics system from overheating.
Additionally, owing to the growing prevalence of fire incident in residential and non-residential building the need for fire alarm system is growing. Therefore, the adoption of resettable fuse PPTC is also growing in modern fire alarm. When the heat increases due to fire caused this resettable fuse trip hence protecting from further damage. Consequently, its importance is growing owing to this factor.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~8% |
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Base Year Market Size (2023) |
~ USD 4 Billion |
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Forecast Year Market Size (2036) |
~ USD 7 Billion |
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Regional Scope |
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End User (Automotive, Residential Building Construction, Electronics & Electrical Equipment, Non-Residential Building Construction, Non-Automotive Transportation Equipment)
The electronics & electrical equipment segment in the resettable fuse PPTC market is expected to garner the highest share of about 30% during the forecast period. This growth could be influenced by the growing demand electronics item such as wearable devices. The number of connected wearable devices worldwide grew significantly between 2019 and 2022. The total number increased from about 928 million the previous year to almost approximately 2 billion in 2022. Most modern rechargeable battery systems contain resettable PTC fuses to safeguard both the charging system and its load. Additionally, the size of resettable fuse PPTC is small which makes it preferable for wearable and another chargeable device.
Voltage Level (High Voltage Fuse, Medium Voltage Fuse, Low Voltage Fuse)
The high voltage resettable fuse PPTC market is anticipated to grow at the highest share of about 50% during the forecast period. Resettable fuse PPTC is greatly deployed in big industries such as telecom and power supply in order to handle high voltage. Therefore, the segment is poised to grow further boosting the market revenue.
Our in-depth analysis of the global resettable fuse PPTC market includes the following segments:
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Voltage Level |
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Type |
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End User |
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APAC Market Forecast
The resettable fuse PPTC market in the Asia Pacific is set to hold the highest revenue share of approximately 35% during the projected period. The growth of the marker in this region could be dominated by the growing demand for electricity. In 2022, the Asia Pacific area was expected to consumed about 276 exajoules of primary energy, which was estimated to be the highest global average. Additionally, growing demand for railways is also expected to influence the market share in this region.
North American Market Analysis
Resettable fuse PPTC market in North America is expected to have significant growth in the coming years. This growth in the market in this region could be owing to rising technology advancement in this region. Moreover, industries in this region is going through digital transformation and hence rigorously adoption internet of things (IoT) which is also influencing the market demand for resettable fuse PPTC. Additionally, the region is heavily investing in this fuse technology hence the adoption is growing.
Author Credits: Abhishek Verma, Hetal Singh
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