The circuit protection market is expected to grow USD 44.98 billion in 2021 to USD 71.85 billion by 2029, at a CAGR of 6.03% during the forecast period 2022-2029.
Circuit protection is the deliberate establishment of a weak connection in an electrical circuit. This is a circuit breaker or fuse, referred to as a circuit protection device (CPD). The primary objective of circuit protection devices is reliability & safety. Circuit protection is needed in the electronics & electrical equipment enterprise for applications like home appliances, automation, communication, and battery cells in customer electronics. Circuit protection devices automatically prevent the excessive or dangerous amount of short circuits or a current in an electrical conductor.
The factors driving the market growth are the increasing utilization of customer electronics, emerging automotive electronics applications, increasing popularity of slim & smart portable appliances, rising internet of things, raising awareness about user-safety, a growing number of investments in the industrial sector, and increasing number of connected devices across the world. The factor restraining the market growth is the strict government regulations about SF6 circuit protection technology use. The absence of investments to develop proper infrastructure and lack of electricity in the rural areas of the underdeveloped nations is also restraining the market growth. The opportunity for market growth is the rising industrialization & urbanization in emerging countries. The challenge for market growth is the volatile raw material costs.
This study delivers a comprehensive analysis of device, type, industry, channel, and region. The device segment includes fuses, surge protection devices, ESD protection devices, and circuit breakers. The circuit breakers segment holds the largest market share in 2021 due to the increasing demand for uninterruptable power supply and improvement in T&D webs. The type segment includes overvoltage protection, overcurrent protection, and ESD protection. The overcurrent protection segment held the largest market share in 2021 due to the increasing concerns over fault scenarios, like short-circuits, and the higher demand to cover the load & power supply. Further, the overcurrent protection is provided by fuses or circuit breakers that operate within specific limits, automatically disconnecting the supply when there is a fault or an overload current. The industry segment includes automotive & transportation, construction, electronics & electrical equipment, energy, industrial, and others. The construction segment held the largest market share in 2021 due to the rising developments in the construction industry. The channel segment includes retail, original equipment manufacturer (OEM), and wholesale. The original equipment manufacturer (OEM) segment held the largest market share in 2021 due to the intense international competition and stringent government regulations.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America holds the largest market share due to the demand for circuit protection is increase because of the increasing concern regarding the safety of electronic & telecommunication equipment in the region. The Asia Pacific is projected to observe significant growth due to the rising technical advancements. Furthermore, the increasing adoption of renewable power generation sources like wind & solar is also helping boost the region’s growth. Additionally, the growing electricity demand and the augmentation in end-user enterprises like automotive & agriculture also contribute to the region’s growth.
Some of the notable players in the market are Siemens AG, ABB Ltd., Mitsubishi Electric Corporation, Schneider Electric SE, Eaton Corp. PLC, ON Semiconductor Corp., General Electric Company, Rockwell Automation Inc., Bel Fuse Inc., NXP Semiconductors N.V, Larsen & Toubro Ltd., and Texas Instruments Inc., and among others.
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Device
4.3.2. Market Attractiveness Analysis By Type
4.3.3. Market Attractiveness Analysis By Industry
4.3.4. Market Attractiveness Analysis By Channel
4.3.5. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing utilization of customer electronics, emerging automotive electronics applications
5.2.2. Raising awareness about user-safety
5.2.3. Growing number of investments in the industrial sector
5.2.4. Increasing number of connected devices across the world
5.3. Restraints
5.3.1. Strict government regulations about SF6 circuit protection technology use
5.3.2. The absence of investments to develop proper infrastructure and lack of electricity in the rural areas of the underdeveloped nations
5.4. Opportunities
5.4.1. Rising industrialization & urbanization in emerging countries
5.5. Challenges
5.5.1. Volatile raw material costs
6. Global Circuit Protection Market Analysis and Forecast, By Device
6.1. Segment Overview
6.2. Fuses
6.3. Surge Protection Devices
6.4. ESD Protection Devices
6.5. Circuit Breakers
7. Global Circuit Protection Market Analysis and Forecast, By Type
7.1. Segment Overview
7.2. Overvoltage Protection
7.3. Overcurrent Protection
7.4. ESD Protection
8. Global Circuit Protection Market Analysis and Forecast, By Industry
8.1. Segment Overview
8.2. Automotive & Transportation
8.3. Construction
8.4. Electronics & Electrical Equipment
8.5. Energy
8.6. Industrial
8.7. Others
9. Global Circuit Protection Market Analysis and Forecast, By Channel
9.1. Segment Overview
9.2. Retail
9.3. Original Equipment Manufacturer (OEM)
9.4. Wholesale
10. Global Circuit Protection Market Analysis and Forecast, By Regional Analysis
10.1. Segment Overview
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.3. Europe
10.3.1. Germany
10.3.2. France
10.3.3. U.K.
10.3.4. Italy
10.3.5. Spain
10.4. Asia-Pacific
10.4.1. Japan
10.4.2. China
10.4.3. India
10.5. South America
10.5.1. Brazil
10.6. Middle East and Africa
10.6.1. UAE
10.6.2. South Africa
11. Global Circuit Protection Market-Competitive Landscape
11.1. Overview
11.2. Market Share of Key Players in Global Circuit Protection Market
11.2.1. Global Company Market Share
11.2.2. North America Company Market Share
11.2.3. Europe Company Market Share
11.2.4. APAC Company Market Share
11.3. Competitive Situations and Trends
11.3.1. Product Launches and Developments
11.3.2. Partnerships, Collaborations, and Agreements
11.3.3. Mergers & Acquisitions
11.3.4. Expansions
12. Company Profiles
12.1. Siemens AG
12.1.1. Business Overview
12.1.2. Company Snapshot
12.1.3. Company Market Share Analysis
12.1.4. Company Product Portfolio
12.1.5. Recent Developments
12.1.6. SWOT Analysis
12.2. ABB Ltd.
12.2.1. Business Overview
12.2.2. Company Snapshot
12.2.3. Company Market Share Analysis
12.2.4. Company Product Portfolio
12.2.5. Recent Developments
12.2.6. SWOT Analysis
12.3. Mitsubishi Electric Corporation
12.3.1. Business Overview
12.3.2. Company Snapshot
12.3.3. Company Market Share Analysis
12.3.4. Company Product Portfolio
12.3.5. Recent Developments
12.3.6. SWOT Analysis
12.4. Schneider Electric SE
12.4.1. Business Overview
12.4.2. Company Snapshot
12.4.3. Company Market Share Analysis
12.4.4. Company Product Portfolio
12.4.5. Recent Developments
12.4.6. SWOT Analysis
12.5. Eaton Corp. PLC
12.5.1. Business Overview
12.5.2. Company Snapshot
12.5.3. Company Market Share Analysis
12.5.4. Company Product Portfolio
12.5.5. Recent Developments
12.5.6. SWOT Analysis
12.6. ON Semiconductor Corp.
12.6.1. Business Overview
12.6.2. Company Snapshot
12.6.3. Company Market Share Analysis
12.6.4. Company Product Portfolio
12.6.5. Recent Developments
12.6.6. SWOT Analysis
12.7. General Electric Company
12.7.1. Business Overview
12.7.2. Company Snapshot
12.7.3. Company Market Share Analysis
12.7.4. Company Product Portfolio
12.7.5. Recent Developments
12.7.6. SWOT Analysis
12.8. Rockwell Automation Inc.
12.8.1. Business Overview
12.8.2. Company Snapshot
12.8.3. Company Market Share Analysis
12.8.4. Company Product Portfolio
12.8.5. Recent Developments
12.8.6. SWOT Analysis
12.9. Bel Fuse Inc.
12.9.1. Business Overview
12.9.2. Company Snapshot
12.9.3. Company Market Share Analysis
12.9.4. Company Product Portfolio
12.9.5. Recent Developments
12.9.6. SWOT Analysis
12.10. NXP Semiconductors N.V.
12.10.1. Business Overview
12.10.2. Company Snapshot
12.10.3. Company Market Share Analysis
12.10.4. Company Product Portfolio
12.10.5. Recent Developments
12.10.6. SWOT Analysis
12.11. Larsen & Toubro Ltd.
12.11.1. Business Overview
12.11.2. Company Snapshot
12.11.3. Company Market Share Analysis
12.11.4. Company Product Portfolio
12.11.5. Recent Developments
12.11.6. SWOT Analysis
12.12. Texas Instruments Inc.
12.12.1. Business Overview
12.12.2. Company Snapshot
12.12.3. Company Market Share Analysis
12.12.4. Company Product Portfolio
12.12.5. Recent Developments
12.12.6. SWOT Analysis
List of Table
1. Global Circuit Protection Market, By Device, 2022-2029 (USD Billion)
2. Global Fuses, Circuit Protection Market, By Region, 2022-2029 (USD Billion)
3. Global Surge Protection Devices, Circuit Protection Market, By Region, 2022-2029 (USD Billion)
4. Global ESD Protection Devices, Circuit Protection Market, By Region, 2022-2029 (USD Billion)
5. Global Circuit Breakers, Circuit Protection Market, By Region, 2022-2029 (USD Billion)
6. Global Circuit Protection Market, By Type, 2022-2029 (USD Billion)
7. Global Overvoltage Protection, Circuit Protection Market, By Region, 2022-2029 (USD Billion)
8. Global Overcurrent Protection, Circuit Protection Market, By Region, 2022-2029 (USD Billion)
9. Global ESD Protection, Circuit Protection Market, By Region, 2022-2029 (USD Billion)
10. Global Circuit Protection Market, By Industry, 2022-2029 (USD Billion)
11. Global Automotive & Transportation, Circuit Protection Market, By Region, 2022-2029 (USD Billion)
12. Global Construction, Circuit Protection Market, By Region, 2022-2029 (USD Billion)
13. Global Electronics & Electrical Equipment, Circuit Protection Market, By Region, 2022-2029 (USD Billion)
14. Global Energy, Circuit Protection Market, By Region, 2022-2029 (USD Billion)
15. Global Industrial, Circuit Protection Market, By Region, 2022-2029 (USD Billion)
16. Global Others, Circuit Protection Market, By Region, 2022-2029 (USD Billion)
17. Global Circuit Protection Market, By Channel, 2022-2029 (USD Billion)
18. Global Retail, Circuit Protection Market, By Region, 2022-2029 (USD Billion)
19. Global Original Equipment Manufacturer (OEM), Circuit Protection Market, By Region, 2022-2029 (USD Billion)
20. Global Wholesale, Circuit Protection Market, By Region, 2022-2029 (USD Billion)
21. North America Circuit Protection Market, By Device, 2022-2029 (USD Billion)
22. North America Circuit Protection Market, By Type, 2022-2029 (USD Billion)
23. North America Circuit Protection Market, By Industry, 2022-2029 (USD Billion)
24. North America Circuit Protection Market, By Channel, 2022-2029 (USD Billion)
25. U.S. Circuit Protection Market, By Device, 2022-2029 (USD Billion)
26. U.S. Circuit Protection Market, By Type, 2022-2029 (USD Billion)
27. U.S. Circuit Protection Market, By Industry, 2022-2029 (USD Billion)
28. U.S. Circuit Protection Market, By Channel, 2022-2029 (USD Billion)
29. Canada Circuit Protection Market, By Device, 2022-2029 (USD Billion)
30. Canada Circuit Protection Market, By Type, 2022-2029 (USD Billion)
31. Canada Circuit Protection Market, By Industry, 2022-2029 (USD Billion)
32. Canada Circuit Protection Market, By Channel, 2022-2029 (USD Billion)
33. Mexico Circuit Protection Market, By Device, 2022-2029 (USD Billion)
34. Mexico Circuit Protection Market, By Type, 2022-2029 (USD Billion)
35. Mexico Circuit Protection Market, By Industry, 2022-2029 (USD Billion)
36. Mexico Circuit Protection Market, By Channel, 2022-2029 (USD Billion)
37. Europe Circuit Protection Market, By Device, 2022-2029 (USD Billion)
38. Europe Circuit Protection Market, By Type, 2022-2029 (USD Billion)
39. Europe Circuit Protection Market, By Industry, 2022-2029 (USD Billion)
40. Europe Circuit Protection Market, By Channel, 2022-2029 (USD Billion)
41. Germany Circuit Protection Market, By Device, 2022-2029 (USD Billion)
42. Germany Circuit Protection Market, By Type, 2022-2029 (USD Billion)
43. Germany Circuit Protection Market, By Industry, 2022-2029 (USD Billion)
44. Germany Circuit Protection Market, By Channel, 2022-2029 (USD Billion)
45. France Circuit Protection Market, By Device, 2022-2029 (USD Billion)
46. France Circuit Protection Market, By Type, 2022-2029 (USD Billion)
47. France Circuit Protection Market, By Industry, 2022-2029 (USD Billion)
48. France Circuit Protection Market, By Channel, 2022-2029 (USD Billion)
49. U.K. Circuit Protection Market, By Device, 2022-2029 (USD Billion)
50. U.K. Circuit Protection Market, By Type, 2022-2029 (USD Billion)
51. U.K. Circuit Protection Market, By Industry, 2022-2029 (USD Billion)
52. U.K. Circuit Protection Market, By Channel, 2022-2029 (USD Billion)
53. Italy Circuit Protection Market, By Device, 2022-2029 (USD Billion)
54. Italy Circuit Protection Market, By Type, 2022-2029 (USD Billion)
55. Italy Circuit Protection Market, By Industry, 2022-2029 (USD Billion)
56. Italy Circuit Protection Market, By Channel, 2022-2029 (USD Billion)
57. Spain Circuit Protection Market, By Device, 2022-2029 (USD Billion)
58. Spain Circuit Protection Market, By Type, 2022-2029 (USD Billion)
59. Spain Circuit Protection Market, By Industry, 2022-2029 (USD Billion)
60. Spain Circuit Protection Market, By Channel, 2022-2029 (USD Billion)
61. Asia Pacific Circuit Protection Market, By Device, 2022-2029 (USD Billion)
62. Asia Pacific Circuit Protection Market, By Type, 2022-2029 (USD Billion)
63. Asia Pacific Circuit Protection Market, By Industry, 2022-2029 (USD Billion)
64. Asia Pacific Circuit Protection Market, By Channel, 2022-2029 (USD Billion)
65. Japan Circuit Protection Market, By Device, 2022-2029 (USD Billion)
66. Japan Circuit Protection Market, By Type, 2022-2029 (USD Billion)
67. Japan Circuit Protection Market, By Industry, 2022-2029 (USD Billion)
68. Japan Circuit Protection Market, By Channel, 2022-2029 (USD Billion)
69. China Circuit Protection Market, By Device, 2022-2029 (USD Billion)
70. China Circuit Protection Market, By Type, 2022-2029 (USD Billion)
71. China Circuit Protection Market, By Industry, 2022-2029 (USD Billion)
72. China Circuit Protection Market, By Channel, 2022-2029 (USD Billion)
73. India Circuit Protection Market, By Device, 2022-2029 (USD Billion)
74. India Circuit Protection Market, By Type, 2022-2029 (USD Billion)
75. India Circuit Protection Market, By Industry, 2022-2029 (USD Billion)
76. India Circuit Protection Market, By Channel, 2022-2029 (USD Billion)
77. South America Circuit Protection Market, By Device, 2022-2029 (USD Billion)
78. South America Circuit Protection Market, By Type, 2022-2029 (USD Billion)
79. South America Circuit Protection Market, By Industry, 2022-2029 (USD Billion)
80. South America Circuit Protection Market, By Channel, 2022-2029 (USD Billion)
81. Brazil Circuit Protection Market, By Device, 2022-2029 (USD Billion)
82. Brazil Circuit Protection Market, By Type, 2022-2029 (USD Billion)
83. Brazil Circuit Protection Market, By Industry, 2022-2029 (USD Billion)
84. Brazil Circuit Protection Market, By Channel, 2022-2029 (USD Billion)
85. Middle East and Africa Circuit Protection Market, By Device, 2022-2029 (USD Billion)
86. Middle East and Africa Circuit Protection Market, By Type, 2022-2029 (USD Billion)
87. Middle East and Africa Circuit Protection Market, By Industry, 2022-2029 (USD Billion)
88. Middle East and Africa Circuit Protection Market, By Channel, 2022-2029 (USD Billion)
89. UAE Circuit Protection Market, By Device, 2022-2029 (USD Billion)
90. UAE Circuit Protection Market, By Type, 2022-2029 (USD Billion)
91. UAE Circuit Protection Market, By Industry, 2022-2029 (USD Billion)
92. UAE Circuit Protection Market, By Channel, 2022-2029 (USD Billion)
93. South Africa Circuit Protection Market, By Device, 2022-2029 (USD Billion)
94. South Africa Circuit Protection Market, By Type, 2022-2029 (USD Billion)
95. South Africa Circuit Protection Market, By Industry, 2022-2029 (USD Billion)
96. South Africa Circuit Protection Market, By Channel, 2022-2029 (USD Billion)
List of Figures
1. Global Circuit Protection Market Segmentation
2. Global Circuit Protection Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Circuit Protection Market Attractiveness Analysis By Device
9. Global Circuit Protection Market Attractiveness Analysis By Type
10. Global Circuit Protection Market Attractiveness Analysis By Industry
11. Global Circuit Protection Market Attractiveness Analysis By Channel
12. Global Circuit Protection Market Attractiveness Analysis By Region
13. Global Circuit Protection Market: Dynamics
14. Global Circuit Protection Market Share By Device (2022 & 2029)
15. Global Circuit Protection Market Share By Type (2022 & 2029)
16. Global Circuit Protection Market Share By Industry (2022 & 2029)
17. Global Circuit Protection Market Share By Channel (2022 & 2029)
18. Global Circuit Protection Market Share By Regions (2022 & 2029)
19. Global Circuit Protection Market Share By Company (2021)
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