Global Thermistors market will reach 1040.93 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/9/18

Global sales of Thermistors has been increasing during the past six years with a CAGR of 4.12%. Compared to 2017, Thermistors market managed to increase revenue by 5.86 percent to $ 905.36 million worldwide in 2018 from $ 855.25 million in 2017. Overall, the Thermistors market performance is positive, despite the historical fluctuations and weak economic environment.

The penetration of Thermistors has risen over the past few years in applications ranging from consumer electronics to automotive. Furthermore, in developing economies such as India and China, the impact of these factors is expected to be high owing to increased demand across the industries. In the near future, the global Thermistors market is expected to reach $ 1040.93 million by 2025 from $ 905.36 million in 2018, growing at a CAGR of 1.83% from 2019 to 2025.

Thermistors market is relatively fragmented with fierce competition. Thinking is the world leading player in global Thermistors market with the market share of 13.63% in 2018, in terms of revenue, followed by Shibaura, HGTECH, TDK(EPCOS), Vishay, MURATA, SEMITEC, MITSUBISH, AVX, Panasonic, Shiheng Group and Omega. The top 12 listed companies accounted for 49.66% of the revenue market share in 2018.

Asia Pacific is the largest downstream regions, occupied about 88% of market share, in terms of volume. While Asia Pacific market will continue to be at the forefront of global demand with market share of 87.63% in 2025, with the market in the region expanding at a CAGR of 6.12% through 2025.

There is a wide use of thermistor sensors because of their advantages like small size, high accuracy and resolution, highest sensitivity, low cost, least power dissipation etc. However, presently available thermistor products are still far from fully meeting the market needs. The present market requires thermistors to achieve further reductions in cost, high precision, better interchangeability, and realise a wider measurable temperature range by going lower in the materials constant among various other requirements.

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