The Business Research Company’s report on the Circuit Protection Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the circuit protection market further?
The growing demand for smartphones, PCs, laptops, and tablets is expected to drive the growth of the circuit protection market. Circuit protection is used to protect a device from damage caused by excessive flow of current. This situation can occur in electronic devices such as smartphones. By installing circuit protection, such a situation can be avoided. For instance, in February 2023, according to a report published by Uswitch Limited, a UK-based online and telephone comparison, and switching service, at the beginning of 2022, the UK had 71.8 million mobile connections—4.2 million more than its population—reflecting a 3.8% increase from 2021, which corresponds to about 2.6 million additional connections. By 2025, the UK population is expected to reach 68.3 million, with approximately 95% (around 65 million individuals) anticipated to be smartphone users. Therefore, the rising demand for smartphones, PCs, and tablets drives the circuit protection market growth.
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What are the key factors influencing the forecasted market size of the circuit protection industry?
The circuit protection market size has grown strongly in recent years. It will grow from $54.5 billion in 2024 to $59.88 billion in 2025 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to electronics industry growth, increased demand for automotive electronics, increased in industrial automation, growth of the infrastructure development, and increased consumer electronics demand.
The circuit protection market size is expected to see rapid growth in the next few years. It will grow to $89.77 billion in 2029 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to increasing smart grid implementation, solar and wind power generation, miniaturization and microelectronics, data center expansion, increasing safety and reliability concerns. Major trends in the forecast period include technological advancements, internet of things (iot), 5g technology rollout, industrial iot (iiot), and introduction of energy storage technologies.
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Who are the leading competitors in the circuit protection market?
Major companies operating in the circuit protection market include ABB Ltd., Alstom SA, Bel Fuse Inc., Eaton Corporation plc, General Electric Company, Hitachi Ltd., Keko-Vericon Sp. z o.o., Larsen & Toubro Limited, Mitsubishi Electric Corporation, NXP Semiconductors N.V., ON Semiconductor Corporation, Rockwell Automation Inc., Schneider Electric SE, Siemens Aktiengesellschaft, Texas Instruments Incorporated, Altech Corporation Pty. Ltd., Automation Systems Interconnect Inc., Bourns Inc., Carling Technologies Inc., CBI-electric: low voltage (Pty) Ltd., CHINT Electric Co. Ltd., Cooper Bussmann LLC, Delta Electronics Inc., E-T-A Circuit Breakers GmbH, Fuji Electric Co. Ltd., Hager Group, Legrand SA, Leviton Manufacturing Co. Inc., Littelfuse Inc., Lovato Electric S.p.A., Mersen S.A., Phoenix Contact GmbH & Co. KG
Which emerging trends are set to transform the circuit protection market landscape?
Product launch shaping the circuit protection market. Companies are creating new and advanced products to satisfy market needs. For instance, in July 2022, ABLIC Inc., a Japan-based semiconductor company, launched the 4-/5-Serial Cell S-82B4/B5 Series and S-82C4/C5 Series of Battery Protection ICs. These lithium-ion battery protection ICs are designed to protect battery packs from overcharge, over-discharge, overcurrent, and short-circuit conditions.
How do different geographies compare in terms of market share and growth potential in the circuit protection market?
North America was the largest region in the circuit protection market in 2024. The regions covered in the circuit protection market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Which major segments of the circuit protection market are experiencing the fastest growth?
The circuit protection market covered in this report is segmented –
1) By Type: Overcurrent Protection, Electrostatic Discharge (ESD) Protection, Overvoltage Protection
2) By Device: Circuit Breakers, Fuses, ESD Protection Devices, Surge Protection Devices
3) By Channel Outlook: Original Equipment Manufacturer (OEM), Retail, Wholesale
4) By End-User: Automotive And Transportation, Electrical And Electronics, Energy, Construction, Industrial, Other End Users
Subsegments:
1) By Overcurrent Protection: Fuses, Circuit Breakers, Resettable Fuses (PTC)
2) By Electrostatic Discharge (ESD) Protection: ESD Suppressors, ESD Protection Diodes, ESD Protection ICs
3) By Overvoltage Protection: Surge Protective Devices (SPDs), Transient Voltage Suppressors (TVS), Voltage Clamping Device
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How is the circuit protection market defined, and what are its core characteristics?
The circuit protection refers to the device that detects current or voltage and protects a circuit against overcurrent or overvoltage problems. To provide the maximum level of security, several protective devices are available on the market, including fuses, circuit breakers, RCCBs, gas discharge tubes, thyristors, and others.
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