Resettable Fuse PPTC Market Size

Resettable Fuse PPTC Market size is projected to cross USD 7 billion by the end of 2036, expanding around 8% CAGR during the forecast period, i.e., 2024 – 2036. In the year 2023, the industry size of resettable fuse PPTC was approximately USD 4 billion. The major factor driving the market expansion is the growing demand for consumer electronics such as smartphones. Currently, approximately 5 billion people all across the world use smartphones, which equates to about 84% of the population worldwide. Hence, the demand for this market is growing in order to protect electronics system from overheating.

Additionally, owing to the growing prevalence of fire incident in residential and non-residential building the need for fire alarm system is growing. Therefore, the adoption of resettable fuse PPTC is also growing in modern fire alarm. When the heat increases due to fire caused this resettable fuse trip hence protecting from further damage. Consequently, its importance is growing owing to this factor.