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NTC Thermistors Market Segmented By Negative Temperature Coefficient (NTC) and Positive Temperature Coefficient (PTC) Type in Petrochemical, Chemical, Power Generation, Automotive, Metal and Mining, Semiconductor Industry
NTC thermistors can be utilized to protect circuits of electronic and electric devices against inrush currents easily and effectively. Increasing demand for thermistors in automotive industry for various applications such as powertrain, safety and controls and another fuel vehicles owing to the change in government standards and demand patterns from the end users.
NTC thermistors, is a type of thermistors, are non-linear resistors that change their resistance with temperature. According to analysis, the global NTC thermistors market is expected to witness a CAGR of 5.7% over the forecast period 2021 - 2031.
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There is continuous development and implementation of new technologies/solutions such as inrush current suppression and temperature compensation and also the innovation of smart devices, which are majorly driving the NTC thermistors market.
The demand for NTC thermistors from the automotive industry to improve their operational efficiencies, temperature detection of the laser diode in CD players for cars, and reduced production costs.
The market is projected to witness significant growth during the forecast period, due to several factors such as the growing need to detect the absence or presence of liquid, reliable and cost-effective NTC thermistors, production efficiency, highly available, and extension of temperature range with special construction. The NTC thermistor is used for temperature measurement, control, and compensation.
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Get a Customized VersionThe COVID-19 pandemic outbreak has disrupted various industries, including the NTC thermistors market. The semiconductor and electronics industry, which has historically been a major source of high-tech jobs, is among the several sectors that have had to adjust their manufacture planning and operations as COVID-19 shifts demand for key semiconductor end applications.
The demand for NTC thermistors expected to drop by 2%-3% in Q3-Q4 2021, due to the rise in the inappropriate demand and supply.
NTC thermistors offers different features such as good stability, durability in environment, temperature protection, and high precision discrete NTC thermistors. The reliability of such features drives the NTC thermistors market.
China is the largest market for NTC thermistors, due to the strong presence of NTC Thermistors manufacturers and providers, in the China. This is attributed to the high increase in demand for NTC thermistors for various end-user applications such as domestic appliances, automotive, industrial and consumer applications, and others.
Increasing demand for NTC thermistors in China will be led by the consumer electronics and automotive sector. NTC thermistors also benefited from the latest semiconductor advancements to achieve temperature compensation, temperature controlling, efficiency which will result in increases the demand for NTC thermistors market.
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India, Indonesia, and Australia are creating potential growth opportunities for the NTC Thermistors market owing to the government’s policies in these countries related to digital electronics, low-cost labor, and mass availability of raw materials. Hence, the demand for NTC thermistors is increasing across the South Asia & Pacific region during the forecast period.
The market is expected to show sustainable growth owing to investments by global players including Guangdong Tonze Electric Company Limited., Panasonic Corporation, and Murata Manufacturing Co., Ltd., among others, in the region, and government initiatives to support the growth of this manufacturing & automotive industry.
Key players such as
are actively involved in offering NTC thermistors for different applications.
The key providers of NTC thermistors have strategies to improve its existing products and develop new products for its existing and new customers. For instance, June 2020, TDK Corporation has launched a new chip NTC thermistor, a NTCSP series especially designed for conductive bonding installation.
The patch NTC thermistor is used for temperature compensation and sensing, and can be measured without direct contact in automotive applications such as anti-lock braking systems (ABS), transmissions or engine interiors.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
