USD 1.34 billion
Inrush Current Limiter Market Size, Share, Growth Analysis, By Type(Negative temperature coefficient (NTC) thermistors, positive temperature coefficient (PTC) thermistors, and fixed resistors), By End-user(Automotive, industrial, energy, and others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45K2020 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|Tables:
64
|Figures:
75
Inrush Current Limiter Market Insights
Inrush Current Limiter Market size was valued at USD 1.34 billion in 2022 and is poised to grow from USD 1.46 billion in 2023 to USD 2.91 billion by 2031, at a CAGR of 9.00% during the forecast period (2024-2031).
Inrush current limiter, a thermistor produced from transition metal oxide material, that has been formed at extremely high temperatures, and can easily and effectively protect circuits of electrical and electronic devices against inrush currents as it is a component used to limit inrush current for keeping away from cumulative damage to components, blowing fuses or tripping circuit breakers. They exhibit several advantages over their alternatives that include offering a single-part solution. This eliminates the need for a resistor, relay, and timer, making it cost-effective and less complex. They are also more reliable because they do not contain moving parts nor require logic control; and are more cost-effective on account of power consumption during continuous operation.
The increasing demand from the power generation industry coupled with the increased usage of current limiters in industrial applications will surely drive the current limiter market during the forecast period. The scope is huge as its positive impact and benefits of inrush current limiters can be seen in current green energy applications which are continually expanding and developing since the last few years.
US Inrush Current Limiter Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
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Inrush Current Limiter Market Segmental Analysis
Global inrush current limiter market is segmented based on the age group, type and region. Based on type, global inrush current limiter market is segmented into negative temperature coefficient (NTC) thermistors, positive temperature coefficient (PTC) thermistors, and fixed resistors. Based on end-user, the inrush current limiter market is segmented into automotive, industrial, energy, and others. Based on region, it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Analysis by Type
Based on type, global inrush current limiter market is segmented into negative temperature coefficient (NTC) thermistors, positive temperature coefficient (PTC) thermistors, and fixed resistors. The negative temperature coefficient thermistor segment can protect electronic circuits in several applications. Electronic equipment including transformers, electric motors, and others generate very high inrush currents when they are turned on, and that may lead to damage to other components. The segment is likely to lead the inrush current limiter market attributing to the electronics circuit protection applications; and is also anticipated to witness significant growth rate over the forecast years.
Positive temperature coefficient thermistors are temperature-dependent resistors based on special semiconductor ceramics with a high positive temperature coefficient (PTC). They produce relatively low resistance value at room temperature. When current flows through a PTC, the heat generated raises the temperature of the PTC. Once a certain temperature is exceeded, resistance of PTC rises significantly. This can be used to protect circuits or devices against overcurrent. In this case, the overcurrent brings the PTC to a high temperature and the resulting high resistance then limits the overcurrent.
Fixed resistors can also help to limit inrush current but they are less efficient, since the resistance falls from the value required to limit the inrush current. They are much more budget friendly than thermistors, and are found in most compact fluorescent lamps.
Analysis by End-user
Based on end-user, the inrush current limiter market is segmented into automotive, industrial, energy, and others. The industrial and energy segment is growing due to the adoption of inrush current limiters in electronic appliances and industrial equipment. Furthermore, increasing usage of inverters, wind turbines, and other energy systems is driving the sales of the segment.
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Inrush Current Limiter Market Regional Insights
Asia Pacific is anticipated to lead the global inrush current limiter market owing to the several factors such as growing power generation projects using green energy systems, and household electronics like PCs, TV sets, home inverters. Moreover, the increased requirement of inrush current limiters in consumer electronics, medical, automotive, aerospace, and military sectors may also boost the market growth during the anticipated period. The need for intelligent buildings in developing countries in the region is bringing the need for protection from sudden power surges, which is further propelling current limiters growth rate. In addition, the increasing alternative energy sources for primary applications in India, China, Japan, and others are also responsible for the regional growth.
The North America and Europe region is significantly growing attributing to the increased demand for inrush current limiter in the automotive industry and electronics consumer.
The market is also growing due to the potential sales of the product for medical applications in Latin America.
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Inrush Current Limiter Market Dynamics
Drivers
Diverse Applications to Bolster Market Growth
- Due to the large applications of inrush current limiter in electronic circuits, the market is expected to surge during the forecast period. Because of many benefits including switch protection, prevention of fuses from potential errors, and reduced line-current distortion, the inrush current limiter market is growing at a healthy pace over the aforementioned timeline.
Restraints
Resistance to Hinder Market Growth
- Due to the flexibility in resistance, and working operating conditions, the market is anticipated to bear losses during the forecast period. The players in the market will face hindrances due to these factors during the foreseeable future.
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Inrush Current Limiter Market Competitive Landscape
Global inrush current limiter market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Top Player's Company Profiles
- Amphenol Corporation
- Analog Devices, Inc.
- Cypress Semiconductor Corporation
- Eaton Corporation PLC
- Infineon Technologies AG
- Littelfuse, Inc.
- Mouser Electronics, Inc.
- Murata Manufacturing Co., Ltd.
- Nexperia B.V.
- ON Semiconductor Corporation
- Panasonic Corporation
- Renesas Electronics Corporation
- Rohm Semiconductor
- Schneider Electric SE
- STMicroelectronics N.V.
- TE Connectivity Ltd.
- Texas Instruments, Inc.
- TDK Corporation
- Vishay Intertechnology, Inc.
- Würth Elektronik GmbH & Co. KG
Recent Developments
- Thermometrics Corporation unveiled their new SX Series NTC thermistors in September 2023 these thermistors are specifically made for LED lighting. The business is currently putting more of an emphasis on growing its client design for specialized markets.
- In addition to introducing its new GRX series of PTC thermistors, which have quicker resistance and better current capability, Murata Manufacturing C0., Ltd. teamed up with ROHM semiconductor to create new, integrated solutions for inrush current limiters in March 2023.
- Ametherm Inc. introduced the new NTC thermistor Series NT034 in March 2023 to meet the needs of high-voltage AC/DC converters. The corporation expanded its management footprint by acquiring Tempco Electric Heater Corporation.
Inrush Current Limiter Key Market Trends
- Inrush current limiter is expanding and evolving with the new innovations that can meet the requirement of the end-users especially in the industrial sector. Manufacturers are showing their interest in investment to promote the product that will keep the trend of usage of negative temperature coefficient (NTC) thermistors in the market for its simple design, lower component cost, and others.
Inrush Current Limiter Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global inrush current limiter market analysis, Asia Pacific (APAC) is growing at a rapid pace during the projection period thanks to the availability of major manufacturers across the region. The wide applications of the product in industrial power tools, machines with high current circulating are bringing its need to the large extent. Whereas, the presence of replacement of current limiting components may negatively affect the growth of the market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.34 billion |
| Market size value in 2031 | USD 2.91 billion |
| Growth Rate | 9.00% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Inrush Current Limiter Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Inrush Current Limiter Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Inrush Current Limiter Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Inrush Current Limiter Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Inrush Current Limiter Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Inrush Current Limiter Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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