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The global circuit protection market exhibited moderate growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Circuit protection refers to the installation of fuses and circuit breakers to protect low-voltage electrical devices during power fluctuations. Frequent voltage fluctuations can damage equipment through electrostatic discharge and reduce its overall lifespan. Circuit protection devices (CPDs), such as circuit breakers, fuses, electrostatic discharge and surge protection devices, are installed to eliminate the threats of electrocution and fire. They form a key component in the manufacturing of computers, laptops, smartphones, battery packs, communication systems and portable electronics.
The growing automotive industry, along with the growing utilization of consumer electronics, is one of the key factors driving the growth of the market. In automobiles, both electrical and mechanical components are used that are dependent on CPDs to enhance driving assistance, infotainment, navigation, and telematics, passenger comfort and safety. These devices are also used to integrate smart and high-performance functionalities by preventing wires and other electrical components from overheating. Furthermore, the emerging trend of equipment miniaturization has also boosted the demand for circuit protection solutions across the globe. Manufacturers are designing innovative and compact products that are more vulnerable to voltage and electrical surges, thus increasing the demand for circuit protection solutions. Additionally, the rapid growth of slim, smart portable appliances with improved sensitivity, faster processors and better power densities is another factor creating a positive outlook for the market. Other factors, including rapid urbanization, growth in the construction industry and various technological advancements, are projected to drive the market in the upcoming years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global circuit protection market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on type, device and end-use.
Breakup by Type:
Breakup by Device:
Breakup by End-Use:
Breakup by Region:
IMARC Group’s latest report provides a deep insight into the global circuit protection market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the circuit protection market in any manner.
The competitive landscape of the industry has also been examined with some of the key players being ABB Ltd., BEL Fuse Inc., Eaton Corp. PLC, General Electric Company, Larsen & Toubro Ltd., Mitsubishi Electric Corp., NXP Semiconductors N.V., ON Semiconductor Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Texas Instruments Inc., Hitachi Ltd., etc.
|Base Year of the Analysis||2020|
|Segment Coverage||Type, Device, End-Use, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||ABB Ltd., BEL Fuse Inc., Eaton Corp. PLC, General Electric Company, Larsen & Toubro Ltd., Mitsubishi Electric Corp., NXP Semiconductors N.V., ON Semiconductor Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Texas Instruments Inc. and Hitachi Ltd.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
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Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
Key Questions Answered in This Report:
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