Press Release

NTC Thermistor Growth Expected to be Driven by Emerging BRIC Economies


January 6th, 2012

Global Information Inc. would like to present a new market research report, "NTC Thermistors: World Markets, Technologies & Opportunities: 2014-2019" by Paumanok Publications, Inc..

NTC thermistors are unique passive components manufactured from mixed metal oxides for the purpose of providing temperature sensing and compensation, as well as inrush current limiting in a unique combination of end-products. It is this unique combination of end-product consumption that makes NTC thermistors attractive growth markets in the emerging BRIC economies according to a new market research report from Paumanok Publications.

NTC thermistors are used in a variety of applications, including; automotive electronics, home appliances, battery chargers, medical electronics and general industrial electronics equipment (such as electric motors) as temperature sensing and compensation devices or as circuit protection devices used for inrush current limiting. NTC thermistors offer the design engineer a low cost solution to temperature sensing, a high volume of availability and predictable component reliability.

NTC thermistors are manufactured in radial leaded designs that incorporate epoxy molded or glass encapsulated thermistor elements that are easily incorporated into probe assemblies for the automotive, large home appliance and medical equipment markets. Thermistors are also sold in multilayered chip configurations for direct PCB mounting in digital electronics. The primary applications are for temperature sensing and compensation, and inrush current limiting. End market demand is fragmented and dependent upon the number of applications per end-product- with emphasis upon automotive electronic subassemblies, refrigerators and air conditioner units- key end product markets for emerging economies.

Expected Growth In Emerging Economies: 2011-2015

According to Siemens AG, one of the worlds top motor manufacturers, the global GDP spending will grow by 3.8% per year on average between 2010 and 2015 from 48 trillion Euros to 58 trillion Euros, with the largest rates of growth reserved for emerging economies, which will grow by 6.2% on an average annual basis- increasing from 16.3 trillion Euros to 22 trillion Euros between 2010 and 2015 (See Figure 1)

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This rapid growth in the emerging economies- Brazil, Russia, India, China, Turkey and Paraguay will spur on growth in demand for large home appliances (especially refrigerators, air conditioners, washers, dryers and stoves) as well as automobiles and medical devices, each key end-use markets for NTC thermistors (See Figure 2)

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NTC Thermistor Competitive Environment By End-Use Market Segment: 2011

The following chart illustrates the competitive environment in NTC thermistors by end-use market segment. The reader will note that the largest competition is in applications for large home appliances and small home appliances, followed by products designed for digital electronic applications. Competition in the automotive electronic subassembly markets for climate control and liquid level sensing is less intense, as are competition in the medical electronics sector.

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