[English Market Research Report] Global Market for Thermal Protectors
Product ID: 1135021 Publisher: Bizwit Research & Consulting LLP
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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Publication Date: September 29, 2022 Issued by: Bizwit Research & Consulting LLP Page Information: English Table of Contents Chapter 1 Executive Summary Chapter 2 Global Market for Thermal Protectors: Definition and Scope Chapter 3 Global Market for Thermal Protectors: Market Dynamics Chapter 4 Global Market for Thermal Protectors: Industry Analysis Chapter 5 Risk Assessment: Impact of COVID-19 Chapter 6 Global Market for Thermal Protectors: By Application Chapter 7 Global Market for Thermal Protectors: Regional Analysis Chapter 8 Competitive Information Chapter 9 Research Process *The table of contents and prices in this report are as of the time of publication. For the latest information, please contact us.*
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Market research reports are informational documents systematically describing market size and trends, based on investigations and analyses of market and technological trends conducted by overseas research publishing companies. In addition to quantitative data such as market trend analysis and future forecasts, they also include details about the strategies of various companies and profiles of entering firms, which our customers utilize as part of their research into overseas markets and new technologies.
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