Market Overview:
The global thermal cutoff market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for thermal cutoff devices in various applications, such as home appliances, office automation & communication, automotive, and others. In addition, the growing awareness about safety and security is also propelling the growth of this market. The global thermal cutoff market is segmented on the basis of type into organic type thermal fuse, temperature ceramic tube fuse, and radial thermal fuse. The organic type Thermal Fuse segment is expected to hold a major share of the global Thermal Cutoffs Market during the forecast period owing to its low cost and easy installation process as compared to other types of Thermal Cutoffs available in the market.
Product Definition:
Thermal Cutoffs are devices that open or close an electric circuit in response to a change in temperature. They are used to protect electrical equipment from damage due to overheating.
Organic Type Thermal Fuse:
The global organic type thermal fuse market size was valued at USD 5.0 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to the increasing demand for reliable electrical components from various end-use industries such as power generation, oil & gas, aerospace & defense, automotive and construction among others.
Temperature Ceramic Tube Fuse:
The temperature ceramic tube fuse is a device that protects electrical devices from high temperatures. It does this by absorbing the heat that is generated in case of a fault or short circuit. The product finds application in various industries such as oil & gas, power generation, petrochemical and chemical processing industries among others where there are chances of high temperature exposure to equipment and structures.
Application Insights:
The global demand for the product has witnessed a paradigm shift due to the growing adoption of smart devices and home automation systems. The office automation and communication segment accounted for over 25% of the overall market in 2017, which is expected to grow at a significant rate over the forecast period. This can be attributed to increasing use of GFCIs in residential as well as commercial sectors such as kitchen & bathroom remodeling, home offices, entertainment centers, etc.
Regional Analysis:
Asia Pacific regional market accounted for the largest share in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand from countries, such as China, India, Japan and South Korea. In addition, rising number of manufacturing facilities in these countries coupled with growing industrial automation is anticipated to drive the market growth over the forecast period.
The European regional market held a significant share in 2017 owing to presence of major manufacturers across Germany and U.K., who are adopting various strategies including mergers & acquisitions and collaborations with Asian companies for tapping opportunities offered by Asia Pacific region. For instance; In 2016; Schneider Electric acquiredITE (Integrated Technology) Europe GmbH & Co.
Growth Factors:
- Increasing demand for thermal cutoff switches in the automotive industry to protect engines from over-heating.
- Growing demand for thermal cutoff switches in the electrical and electronics industry to protect circuits from damage due to overheating.
- Rising popularity of thermal cutoff switches in renewable energy applications such as solar and wind power systems, owing to their ability to prevent system failures caused by overheating.
- Increasing use of thermal cutoff switches in data centers and other critical infrastructure facilities, due to their ability to safeguard equipment against damage caused by excessive heat buildup.
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermal Cutoffs Market Research Report
By Type
Organic Type Thermal Fuse, Temperature Ceramic Tube Fuse, Radial Thermal Fuse
By Application
Home Appliance, Office Automation & Communication, Automotive, Others
By Companies
Schott, Littelfuse, Bel Fuse, Panasonic, Emerson, Uchihashi Estec, Elmwood, ITALWEBER, AUPO, Betterfuse, A.R.Electric, D&M Technology, SET Electronics, Hollyland, Changsheng
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Thermal Cutoffs Market Report Segments:
The global Thermal Cutoffs market is segmented on the basis of:
Types
Organic Type Thermal Fuse, Temperature Ceramic Tube Fuse, Radial Thermal Fuse
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home Appliance, Office Automation & Communication, Automotive, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Schott
- Littelfuse
- Bel Fuse
- Panasonic
- Emerson
- Uchihashi Estec
- Elmwood
- ITALWEBER
- AUPO
- Betterfuse
- A.R.Electric
- D&M Technology
- SET Electronics
- Hollyland
- Changsheng
Highlights of The Thermal Cutoffs Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Organic Type Thermal Fuse
- Temperature Ceramic Tube Fuse
- Radial Thermal Fuse
- By Application:
- Home Appliance
- Office Automation & Communication
- Automotive
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Thermal Cutoffs Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Thermal cutoffs are a safety feature on some power tools that will shut off the tool if it gets too hot.
Some of the major companies in the thermal cutoffs market are Schott, Littelfuse, Bel Fuse, Panasonic, Emerson, Uchihashi Estec, Elmwood, ITALWEBER, AUPO, Betterfuse, A.R.Electric, D&M Technology, SET Electronics, Hollyland, Changsheng.
The thermal cutoffs market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thermal Cutoffs Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Thermal Cutoffs Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermal Cutoffs Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Thermal Cutoffs Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Thermal Cutoffs Market Size & Forecast, 2018-2028
4.5.1 Thermal Cutoffs Market Size and Y-o-Y Growth
4.5.2 Thermal Cutoffs Market Absolute $ Opportunity
Chapter 5 Global Thermal Cutoffs Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Thermal Cutoffs Market Size Forecast by Type
5.2.1 Organic Type Thermal Fuse
5.2.2 Temperature Ceramic Tube Fuse
5.2.3 Radial Thermal Fuse
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Thermal Cutoffs Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Thermal Cutoffs Market Size Forecast by Applications
6.2.1 Home Appliance
6.2.2 Office Automation & Communication
6.2.3 Automotive
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermal Cutoffs Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Thermal Cutoffs Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Thermal Cutoffs Analysis and Forecast
9.1 Introduction
9.2 North America Thermal Cutoffs Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Thermal Cutoffs Market Size Forecast by Type
9.6.1 Organic Type Thermal Fuse
9.6.2 Temperature Ceramic Tube Fuse
9.6.3 Radial Thermal Fuse
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Thermal Cutoffs Market Size Forecast by Applications
9.10.1 Home Appliance
9.10.2 Office Automation & Communication
9.10.3 Automotive
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Thermal Cutoffs Analysis and Forecast
10.1 Introduction
10.2 Europe Thermal Cutoffs Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Thermal Cutoffs Market Size Forecast by Type
10.6.1 Organic Type Thermal Fuse
10.6.2 Temperature Ceramic Tube Fuse
10.6.3 Radial Thermal Fuse
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Thermal Cutoffs Market Size Forecast by Applications
10.10.1 Home Appliance
10.10.2 Office Automation & Communication
10.10.3 Automotive
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Thermal Cutoffs Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Thermal Cutoffs Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Thermal Cutoffs Market Size Forecast by Type
11.6.1 Organic Type Thermal Fuse
11.6.2 Temperature Ceramic Tube Fuse
11.6.3 Radial Thermal Fuse
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Thermal Cutoffs Market Size Forecast by Applications
11.10.1 Home Appliance
11.10.2 Office Automation & Communication
11.10.3 Automotive
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Thermal Cutoffs Analysis and Forecast
12.1 Introduction
12.2 Latin America Thermal Cutoffs Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Thermal Cutoffs Market Size Forecast by Type
12.6.1 Organic Type Thermal Fuse
12.6.2 Temperature Ceramic Tube Fuse
12.6.3 Radial Thermal Fuse
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Thermal Cutoffs Market Size Forecast by Applications
12.10.1 Home Appliance
12.10.2 Office Automation & Communication
12.10.3 Automotive
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Thermal Cutoffs Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Thermal Cutoffs Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Thermal Cutoffs Market Size Forecast by Type
13.6.1 Organic Type Thermal Fuse
13.6.2 Temperature Ceramic Tube Fuse
13.6.3 Radial Thermal Fuse
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Thermal Cutoffs Market Size Forecast by Applications
13.10.1 Home Appliance
13.10.2 Office Automation & Communication
13.10.3 Automotive
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Thermal Cutoffs Market: Competitive Dashboard
14.2 Global Thermal Cutoffs Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schott
14.3.2 Littelfuse
14.3.3 Bel Fuse
14.3.4 Panasonic
14.3.5 Emerson
14.3.6 Uchihashi Estec
14.3.7 Elmwood
14.3.8 ITALWEBER
14.3.9 AUPO
14.3.10 Betterfuse
14.3.11 A.R.Electric
14.3.12 D&M Technology
14.3.13 SET Electronics
14.3.14 Hollyland
14.3.15 Changsheng
