Market Snapshot:
Thermal fuses are those type of safety devices which is installed in electrical appliances and it is designed to interrupt the circuit when the temperature rises to a critical level. Various Heat-producing devices such as microwaves, hairdryers, stoves, and others have thermal fuses and a wide variety of other electrical circuits, such as light switches, can also be installed. A thermal fuse design contains a heat-responding component including a plastic pellet and others. It is available in various range of temperatures to offer design flexibility in user applications and designed for higher voltage and current applications.
Highlights from Thermal Fuse Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.0% |
The key Players profiled in the report are Schott AG (Germany), Cantherm (Canada), Sungwoo Industrial (South Korea), Panasonic Corporation (Japan), Emerson Electric Co. (United States), Uchihashi (Japan), Elmwood (United Kingdom), Limitor GmbH (Germany), AUPO (China) and Betterfuse (China). Additionally, other players that are part of this comprehensive study are A.R.Electric (United States), D&M Technology Manufacturing (China) and SET Electronics (Germany).
Geographic Breakdown and Segment Analysis
The Global Thermal Fuse market presents a comprehensive analysis of the Thermal Fuse market by product type (Organic Type Thermal Fuse, Temperature Ceramic Tube Fuse and Radial Thermal Fuse), by end-user/application (Portable Appliance, Major Appliance, HVAC, Power Supplies, Water Heater and Other), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Thermal Fuse industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Thermal Fuse market
Analyst at AMA have segmented the market study of Global Thermal Fuse market by Type, Application and Region.
Influencing Trend:
Technology Advancement regarding Thermal Fuse
Market Growth Drivers:
The rise in the Sales of Electrical Appliances as well as Electronic Goods and Increasing Usage of Thermal Use in Various Application
Challenges:
Lack of Awareness regarding the Benefit of Thermal Fuse
Restraints:
Availability of Substitute Such as Thermal Switch or Thermal Reset
Opportunities:
Growing Demand from Emerging Economics such as China, India, among others
Market Developments Activities:
In October 2023, Littelfuse, Inc. unveiled its latest product, the Class J Fuse Disconnect Switch. The compact device combines a switch and multiple fuses into a single product, offering a simpler way to manually open and close a circuit while safeguarding against overcurrent and short circuits.
In September 2023, Littelfuse, Inc. launched the latest release of the 656 and 658 Series Fuse Blocks product line. These fuse blocks offer a higher amperage rating, giving electronics engineers and designers more options depending on their specific application requirements.
The global thermal fuse market is highly fragmented with the presence of local and regional players operating in the market. Some of the major players operating in the market are Schott AG (Germany), Cantherm (Canada), Sungwoo Industrial (South Korea), Panasonic Corporation (Japan), among others.
Key Target Audience
Thermal Fuse Companies, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others