“Circuit protection market is expected to grow at a CAGR of 5.92% between 2016 and 2022”
The overall circuit protection market was valued at USD 35.85 billion in 2015 and is expected to reach USD 53.56 billion by 2022, at a CAGR of 5.92% between 2016 and 2022. The rising consumption of electricity due to the increased use of electronics is a major driver for the circuit protection market. In addition, the growth in the automotive electronics and Internet of Things (IoT) market are also driving the growth of the circuit protection market. However, the rising prices of raw materials used for manufacturing circuit protection devices are restraining the growth of the market.
“Overcurrent protection holds the largest share of the circuit protection market” Overcurrent is the most commonly occurring fault in the machinery in various industries such as construction, electronics and electrical equipment, and automotive and transportation, among others. All of these industries require devices for protection against overcurrent. This factor is driving the growth of the market for overcurrent protection.
“Market for ESD protection is expected to grow at the highest rate between 2016 and 2022” The new generations of portable devices such as cell phones, MP3 players, and digital cameras are increasingly sensitive to damages from ESD voltages as newer IC technologies have smaller geometries and lower working voltages. With the increasing adoption of these portable devices, the demand for ESD protection is also growing.
“Circuit protection market in APAC is expected to grow at the highest rate during the forecast period” The growing inclination toward smart building infrastructure in both developed and developing economies, such as Japan, South Korea, and China, in this region; the presence of a huge customer base; and the rapid technological advancements in the smart home market are some of the factors driving the growth of the circuit protection market in APAC.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with people holding key positions across several regions. The breakup of the profile of primary participants has been given below. • By Company Type: Tier 1 – 55 %, Tier 2 – 30%, and Tier 3 – 15% • By Designation: C-Level Executives – 55%, Manager Level – 35%, and Others (Sales, Marketing, and Product Managers) – 10% • By Region: North America – 43%, Europe – 29%, APAC – 14%, and RoW – 14%
The major players in the circuit protection market are ABB Ltd. (Switzerland), Siemens AG (Germany), Eaton Corp. Plc (Ireland), Schneider Electric SE (France), General Electric Company (U.S.), ON Semiconductor Corp. (U.S.), Mitsubishi Electric Corporation (Japan), NXP Semiconductors N.V. (Netherlands), Rockwell Automation Inc. (U.S.), Texas Instruments Inc. (U.S.), Bel Fuse Inc. (U.S.), and Larsen & Toubro Ltd. (India).
Research Coverage The circuit protection market has been segmented on the basis of type, device, industry, and geography. The market, based on type, has been segmented into overcurrent protection, ESD protection, and overvoltage protection. The market, based on device, has been segmented into circuit breakers, fuses, ESD protection devices, and surge protection devices. On the basis of industry, the circuit protection market has been segmented into construction, automotive and transportation, electronics and electrical equipment, industrial, energy, and others. The market, on the basis of geography, has been segmented into North America, Europe, APAC, and RoW.
Reasons to buy the report:
The report would help the market leaders/new entrants in this market in the following ways: 1. This report segments the circuit protection market comprehensively and provides the closest approximations of the size of the overall market and its subsegments for various applications and across different regions. 2. The report helps stakeholders understand the pulse of the market and provides them with the information on key market drivers, restraints, challenges, and opportunities.
Our reports have been used by over 10K customers, including:
The global motor control centers market is projected to reach USD 6.3 billion by 2025 from an estimated market size of USD 4.6 billion in 2020, at a CAGR of 6.4% during the forecast period. The growing demand for industrial automation in developed regions, increased use of electric motors in key industries, and increased industrial plant uptime...
Charged up: Greater demand for computers and software will likely increase industry demand Abstract Electrical Equipment Wholesaling in the US Demand from building, developing and general contracting largely determines revenue growth for the Electrical Equipment Wholesaling industry. Over the five years...
Abstract Solar Power Generation in China The Solar Power Generation industry in China generates power by solar energy. The industry includes photovoltaic (PV) power generation and solar thermal power generation. Solar power generation usually refers to PV power generation, which uses solar cells to directly...
The motor soft starter market is projected to reach USD 2.3 billion by 2024, at a CAGR of 6.0% from 2019 to 2024 The global motor soft starter market is projected to reach USD 2.3 billion by 2024 from an estimated market size of USD 1.7 billion in 2019, at a CAGR of 6.0% during the forecast period. The growing demand for...
Summary Eaton Corporation Plc (Eaton) is a power management company.It designs, develops, and sells products and services, which help customers manage electrical, hydraulic and mechanical power more reliably, efficiently, safely, and sustainably. Eaton serves customers in the utility, governmental, industrial, residential,...
131 pages •
By Infiniti Research Limited
• Apr 2018
About Medium Voltage Motor Control Centre An MCC is an integrated system, which accommodates motor starters, drives and contactors that are assembled together and are connected through common source power busbars. MCCs are primarily used to control, distribute power, and protect electrical motors in industries. An MCC...
Scope of the Report The report titled “Indian Light Electrical Equipments Industry - Trends and Opportunities (2015-2019)” provides an insight into the production of various light electrical equipments with a major focus on growth in industries for various electrical equipments. The report assesses the market sizing and growth...
The timing relay market is projected to grow at a CAGR of 4.32%, from 2017 to 2022.
The timing relay market is projected to reach USD 573.5 million by 2022, at a CAGR of 4.32%, from 2017 to 2022. The availability of broad time delay ranges in timing relays, rising industrial automation, and increased demand for control...
Industrial Control System
Motor And Generator
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.