What is the global market size of Intelligent Electronic Devices Market?

Inrush Current Limiter Market size was valued at USD 1.23 billion in 2021 and is poised to grow from USD 1.34 billion in 2022 to USD 2.67 billion by 2030, growing at a CAGR of 9% in the forecast period (2023-2030).

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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

Q: Who are the key vendors in the Global Intelligent Electronic Devices Market?

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. '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'

Report ID: SQMIG45K2020 | Region: Global | Published Date: April, 2024
Pages: 197 | Tables: 64 | Figures: 75

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.

Inrush Current Limiter Market Report Snapshots

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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 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. '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'

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.

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.

Asia Pacific is anticipated to lead the 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.

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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

Inrush Current Limiter Market Regional Insights

Inrush Current Limiter Market Report Snapshots

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