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[English Market Research Report] Global Market for Cable Protectors

[English Market Research Report] Global Market for Cable Protectors

Global Cable Protectors Market

Due to the COVID-19 pandemic, the global cable protector market size is projected to reach 2.46104 billion USD in 2021 and readjust to 3.55283 billion USD by 2028, with a CAGR of 4.97% during the forecast period (2022-2028). In 2021, the market size in North America was 720.73 million USD, while China was 391.42 million USD. North America's share in 2021 was 29.29%, and China's was 15.90%. By 2028, China's share is expected to reach 17.72%, with a CAGR of 6.65% throughout the analysis period. This report analyzes the global cable protector market, investigating market trends by type, application, and region (by country) from 2017 to 2028, as well as profiles of key companies.

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[English Market Research Report] Global Market for Thermal Protectors

[English Market Research Report] Global Market for Thermal Protectors

Global Thermal Protector Market

The global market size for thermal protectors is expected to reach 80.8 million USD by 2028, with a projected market growth rate of 4.7% CAGR during the forecast period. The reason a motor may not start could be due to an abnormality in the starting winding. Thermal protectors contain one or more heat-sensing components that are integrated into the motor or motor compressor, in addition to external control devices. When excessive heat is generated within the motor circuit, the thermal protector is there to turn off the motor switch. This safety mechanism stops the temperature rise before it can damage the motor.

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[English Market Research Report] Global Market for Thermal Protectors

[English Market Research Report] Global Market for Thermal Protectors

Global Thermal Protector Market

The global market for thermal protectors was valued at approximately 59.9712 million USD in 2021 and is expected to grow at a healthy growth rate of over 4.5% during the forecast period from 2022 to 2028. Thermal protectors are devices that protect the motors, compressors, and transformers of electronic equipment from excessive temperatures. They automatically cut off power when the temperature reaches a preset maximum value and reconnect when the temperature returns to normal. The increasing demand for electrical appliances also drives the demand for thermal protectors. The rapid expansion in the industrial, commercial, and residential sectors is a major driving factor for market growth. According to the International Energy Agency (IEA), the global energy utilization rate increased by 4.6% in 2021, doubling the level of 2018 during normal times. Additionally, about 40% of electricity is used as a power source for electric motors. This is underpinned by the strengthening of the global economy and the increasing demand for electricity in recent years.

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