The Global Circuit Protection Market estimated at US$46.3 Billion in the year 2020, is projected to reach a revised size of US$64.1 Billion by 2027, growing at a CAGR of 4% over the analysis period 2021-2027.
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 shorten its overall lifespan. Circuit Protection Devices (CPDs) such as circuit breakers, fuses, electrostatic discharge, and surge protection devices are installed to eliminate the risk of electric shock and fire. They form a key component in the manufacture of computers, laptops, smartphones, battery packs, communication systems, and portable electronics.
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A full report of Global Circuit Protection Market is available at: https://www.orionmarketreports.com/circuit-protection-market/59276/
The following Segmentation are covered in this report:
By Type:
- Overcurrent Protection
- ESD Protection
- Overvoltage Protection
By Device:
- Circuit Breakers
- Fuses
- ESD Protection Devices
- Surge Protection Devices
By Industry:
- Construction
- Automotive and Transportation
- Electronics and Electrical Equipment
- Industrial
- Energy
Key Players
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.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Circuit Protection Market.
- The market share of the global Circuit Protection Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Circuit Protection Market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Circuit Protection Market.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
