Scope of the Study
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.
The market study is being classified by Type (Organic Type Thermal Fuse, Temperature Ceramic Tube Fuse and Radial Thermal Fuse), by Application (Portable Appliance, Major Appliance, HVAC, Power Supplies, Water Heater and Other) and major geographies with country level break-up.
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) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are A.R.Electric (United States), D&M Technology Manufacturing (China) and SET Electronics (Germany).
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. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Thermal Fuse market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Thermal Fuse market by Type, Application and Region.
On the basis of geography, the market of Thermal Fuse 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- The rise in the Sales of Electrical Appliances as well as Electronic Goods
- Increasing Usage of Thermal Use in Various Application
- Technology Advancement regarding Thermal Fuse
- Availability of Substitute Such as Thermal Switch or Thermal Reset
- Growing Demand from Emerging Economics such as China, India, among others
- Lack of Awareness regarding the Benefit of Thermal Fuse
In 2019, Schurter's Company has announced that the thermal fuse now also available with a shunt. Hence, it will affect the growth of the market in the future.
Key Target AudienceThermal Fuse Companies, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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