About Thermal Protector
A thermal protector is a device that indicates temperature response and is also used as the protective equipment from the high temperature. As when the heat is generated by the rising temperature on the appliances, its protected shield transmits and switch off the contract with the circuit. Thermal protectors are specially designed for the motors. As whenever the motor’s heat rises at a high level, the thermal protector turns off electricity. This helps the motor from overheating and catching on fire. Thermal protectors are located internally inside the motor or any equipment. These elements include two types of metal one is the bimetal disc, to disjoint the contact from the electricity. It is available in different sizes for a different types of applications. With rising growth in the electronics appliances, and Automotive market. According to the AMA study, the electronics appliances market this market will be expected to reach USD 565,345 million by FY 2024, this shows the huge growth potential in the future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are operating in this industry are exploring the market in new geographical regions by adopting mergers & acquisitions, product and services expansions, investments, and partnerships as their business growth strategies. The players are focusing on securing a leading position in this industry. They are continuously looking for the opportunity to reinforce their competitive advantage. To meet a high market share, and developing a socially responsible business company are identifying various strategic pillars such as mergers & acquisitions, new product launch, product enhancement, and others. Analyst at AMA Research estimates that China Manufacturers will contribute the maximum growth to Global Thermal Protector market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Thermik Geratebau GmbH (Germany), Hengxin Precision Electrical Equipment (China), Sensata Technologies (United States), HSK Kunststoff Schweißtechnik GmbH (Germany), Ningguo BST Thermal Products (China), Jiangsu Changsheng Electric Appliance (China), Portage Electric Products (United States), Focusens Technology (China), Thermtrol Corporation (United States) and Fluke Corporation (Fluke Process Instruments) (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Calco Electric (United States), Thermal Control Device India Inc. (India) and nVent (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Thermal Protector market by and Region.
On the basis of geography, the market of Thermal Protector has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Automotive will boost the Thermal Protector market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Materials, the sub-segment i.e. Metal Material will boost the Thermal Protector market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channels, the sub-segment i.e. Online Sales Channels {Internet Sales, Company Websites, Mail Order } will boost the Thermal Protector market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. High Temp Thermal Protector will boost the Thermal Protector market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Adoption of Thermal Protectors for the Electronics Appliances and Motors and Growing Demand for the Small-Sized Thermal Protector for the Application such as Electric Motors, Transformers, and Others. Because Size is Becoming the Limiting Factor for Few Applications
Market Growth Drivers:
Increasing Industrial Activities in Emerging Economies and Advancement in Automobile in Asia Pacific Regions, Along with Growing Demand from the Applications such as Interior Lighting Harness, Window Lift Harness, and Many Others
Challenges:
High Cost Associated with Thermal Protector Raw Materials
Restraints:
Lack of Advanced Technology and Fluctuation in Foreign Currency Exchange Rates
Opportunities:
Increasing Number of Electronics Manufacturers Across China, India, and Japan Regions and With the Advent of Covid-19, the Demand of Healthcare Device is at Higher Rate, this will Define Huge Market Potential in Coming Years
Market Leaders and their expansionary development strategies
In May 2023, nVent Electric plc, a global leader in electrical connection and protection solutions, has acquired of ECM Investors, LLC, the parent company of ECM Industries, LLC. ECM is a leading provider of high-value electrical connectors, tools and test instruments and cable management.
In October 2023, Solvay, a global supplier of specialty materials, introduces Xencor XTreme, a new family of long glass fiber (LGF) polyphthalamide (PPA) solutions for battery applications requiring resistance to thermal runaway and propagation. Xencor XTreme PPA LGF grades are designed to offer superior resistance to direct flame exposure at 1000℃ for over 10 minutes, providing sufficient time for passengers to exit the vehicle in the event of a thermal runaway
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Thermal Protector Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.