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Thermal Protector Market By Application : Global Opportunity Analysis and Industry Forecast, 2021-2031

Thermal Protector Market By Application : Global Opportunity Analysis and Industry Forecast, 2021-2031

  • June 2022
  • 210 pages
  • ID: 6352245
  • Format: PDF
  • Allied Market Research

Summary

Table of Contents

Thermal Protector Market By Application (Motor, Transformer, Compressor, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

The global thermal protector market was valued at $59,971.2 thousand in 2022, and is projected to reach $88,744.9 thousand by 2031, registering a CAGR of 4.5% from 2022 to 2031.
Thermal protector is a device, which protects the motor, compressor, and transformer of electronics from raised up temperatures. It disconnects the current at preset temperatures and re-establishes the current when the temperatures returns to normal. According to the International Energy Agency, worldwide energy utilization increased by 4.6% in 2021, twice than the normal rate in 2018. In addition, around 40% of electricity is being used for power electric motors. This was driven by strengthening of global economy in past few years and increase in demand for electricity. Furthermore, power demand is growing at the rate of 4%, and share of electricity in global energy consumption is estimated to reach 24% by 2040. With growing electricity requirement, the demand for electric products is expected to increase simultaneously, which is likely to drive the growth of the thermal protector market globally. In addition, with exponentially increasing population, the demand for electricity is anticipated to escalate significantly, which eventually will foster the demand for electric appliances, thereby escalating the demand for thermal protectors.
The Thermal protectors market is segmented on the basis of application and region.
On the basis of application, the market is segmented into motors, compressor, transformer and others. By region, the packaging coatings market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is the dominating region in terms of demand for thermal coatings market, and is expected to maintain its dominance over the projection period. China is the main driver for the growth of Asia-Pacific thermal protector market. This is attributed to the fact that China is one of the largest consumers and producers of various home appliances and consumer electronics products.
The key players operating in the global thermal protector market include Calco Electric, Dongguan Henghao Electric Co., Ltd. Guangzhou Senbao Electrical Appliances Co., Ltd. , Haier Smart Home Co. Ltd. Jiangsu Changsheng Electric Appliance Co., Ltd. , Portage Electric Products, Inc.,  Sensata Technologies, Inc.,  Seki Controls, Thermtrol Corporation, and Tianyin Electromechanical

Key Benefits For Stakeholders
-This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the thermal protector market analysis from 2021 to 2031 to identify the prevailing thermal protector market opportunities.
-The market research is offered along with information related to key drivers, restraints, and opportunities.
-Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
-In-depth analysis of the thermal protector market segmentation assists to determine the prevailing market opportunities.
-Major countries in each region are mapped according to their revenue contribution to the global market.
-Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
-The report includes the analysis of the regional as well as global thermal protector market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Application
- Motor
- Transformer
- Compressor
- Others

By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Italy
- Spain
- Rest of Europe
- Germany
- France
- United Kingdom
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest Of Asia Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
- Key Market Players
- sensata technologies, inc.
- Portage Electric Products, Inc.
- Haier Smart Home Co. Ltd.
- Guangzhou Senbao Electrical Appliances Co., Ltd.
- Thermtrol Corporation
- Calco Electric
- Dongguan Henghao Electric Co., Ltd.
- Tianyin Electromechanical
- Jiangsu Changsheng Electric Appliance Co., Ltd.
- Seki Controls Co., Ltd.

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