Global PTC Resettable Fuses Market – Industry Analysis and Forecast (2019-2027)
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Global PTC resettable fuses market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a significant CAGR during the forecast period.
Global PTC Resettable Fuses Market
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Global PTC resettable fuses market Definition
A PTC resettable fuse stands for positive temperature coefficient resettable fuse. It is a small passive electronic device which is basically used to provide protection to the electronic circuits against overcurrent faults. The device is also known as a polyswitch, polyfused, or multifuse.
Global PTC resettable fuses market Dynamics
A surge in the adoption of PTC resettable fuses in industrial control and portable electronics applications as it provides effective damage control and simple mechanism, which is the major driving factor behind the growth of the market. A rising demand for electronic components to protect overvoltage and overcurrent faults, growing market for consumer electronics and semiconductor manufacturing industry across the globe and rising adoption of PTC resettable fuses in computer power supplies are expected to expand growth of market during the forecast period.
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