NTC Thermostat Market, Global Outlook and Forecast 2023-2032

The global NTC Thermostat market was valued at US$ 641.2 million in 2022 and is projected to reach US$ 802.4 million by 2029, at a CAGR of 3.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

An NTC (Negative Temperature Coefficient) thermistor is a ceramic semiconductor made with various metal oxides. Their electrical resistance decreases with increasing temperature. A typical temperature range for existing ceramic negative temperature coefficient (NTC) thermistors is -80 degrees C to +300 degrees C. This resistance is processed by an electronic circuit to provide temperature measurement. The thermistor itself does not provide any control over heating elements, relays, etc. The thermistor is strictly a sensor and any electrical control would need to be implemented by the circuit utilizing the thermistor.

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Conventional ceramic NTC thermistors have been employed in the marketplace for over 70 years; and dominate the thermistor market. The ceramic thermistors are comprised of a metal oxide mix annealed at high temperatures. Companies around the world have used this ceramic technology to produce billions of thermistors annually. Typically, NTC thermistor is the most popular and economic solution for various fields such as home appliance, automotive, telecommunication, computer, medical instruments, industrial sites, etc.

This report aims to provide a comprehensive presentation of the global market for NTC Thermostat, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding NTC Thermostat. This report contains market size and forecasts of NTC Thermostat in global, including the following market information:

Global NTC Thermostat Market Revenue, 2018-2023, 2024-2032, ($ millions)

Global NTC Thermostat Market Sales, 2018-2023, 2024-2032, (K Units)

Global top five NTC Thermostat companies in 2022 (%)

NTC (Negative Temperature Coefficient) Thermistors market is relatively fragmented with fierce competition. Thinking Electronic is the world leading player in global NTC Thermistors market with the market share of 16%, in terms of revenue, followed by Shibaura, TDK, Semitec Corporation, Mitsubishi, Vishay, Shiheng Electronics, AVX, Murata and Panasonic. The top 10 listed companies accounted for 69% of the revenue market share.

The penetration of NTC Thermistors has risen over the past few years in applications ranging from consumer electronics to automotive. Asia Pacific is the largest downstream regions, occupied about 71% of market share, in terms of volume.

The classification of Negative Temperature Coefficient Thermistor include Radial Type, Diode Type, Wire Bonding Type, Film Type, SMD Type, Wire Type and Chip in Glass Type. The market share of SMD Type is about 26%.

Negative Temperature Coefficient Thermistor's application are Consumer Electronics, Medical Instruments, Automotive, Home Appliance, Industrial Equipment, Aerospace & Defense and Others. The most proportion of Negative Temperature Coefficient Thermistor are 30% market shares.

We surveyed the NTC Thermostat manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global NTC Thermostat Market, by Type, 2018-2023, 2024-2032 ($ Millions) & (K Units)

Global NTC Thermostat Market Segment Percentages, by Type, 2022 (%)

• Mechanical

• Digital

Global NTC Thermostat Market, by Application, 2018-2023, 2024-2032 ($ Millions) & (K Units)

Global NTC Thermostat Market Segment Percentages, by Application, 2022 (%)

• Online

• Offline

Global NTC Thermostat Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions) & (K Units)

Global NTC Thermostat Market Segment Percentages, By Region and Country, 2022 (%)

• North America

• US

• Canada

• Mexico

• Europe

• Germany

• France

• U.K.

• Italy

• Russia

• Nordic Countries

• Benelux

• Rest of Europe

• Asia

• China

• Japan

• South Korea

• Southeast Asia

• India

• Rest of Asia

• South America

• Brazil

• Argentina

• Rest of South America

• Middle East & Africa

• Turkey

• Israel

• Saudi Arabia

• UAE

• Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

• Key companies NTC Thermostat revenues in global market, 2018-2023 (Estimated), ($ millions)

• Key companies NTC Thermostat revenues share in global market, 2022 (%)

• Key companies NTC Thermostat sales in global market, 2018-2023 (Estimated), (K Units)

• Key companies NTC Thermostat sales share in global market, 2022 (%)

Further, the report presents profiles of competitors in the market, key players include:

• Ascon Technologic

• ENDA

• Seitron

• Sauter

• BMR

• Carel

Outline of Major Chapters:

Chapter 1: Introduces the definition of NTC Thermostat, market overview.

Chapter 2: Global NTC Thermostat market size in revenue and volume.

Chapter 3: Detailed analysis of NTC Thermostat manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of NTC Thermostat in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global NTC Thermostat capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.

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