Circuit Protection Market is Anticipated to Grow US$ 90.64 Bn By 2030

The Circuit Protection market is projected to reach US$ 90.64 Bn by 2030. And registering a CAGR of around 15.7% over the forecast period 2021 – 2030.

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Growth Factors

The market is expected to benefit from the growing need to upgrade power transmission and distribution networks and establish renewable energy connectivity. The rising demand for advanced circuit protection equipment in the automotive, electronics, and telecommunications sectors can be attributed to growing safety concerns related to short circuits and damage resulting from power fluctuations.

Increasing access to electricity in developing countries, rising construction and infrastructure development activities, and the growing number of renewable power generation projects are also driving the market growth. Moreover, in the automotive sector, continued urbanization and the strong emphasis passengers are putting on safety and security in the wake of the growing number of vehicles on the road are driving the adoption of circuit protection devices. 

Report Coverage

Report Highlights Details
Market Size USD 90.64 billion by 2030
Growth Rate CAGR of 15.7% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Product, Application, Channel
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned ABB Ltd.; Bel Fuse Inc; Schneider Electric SE; Mitsubishi Electric Corporation; Eaton Corporation plc; General Electric Company; Siemens AG; Rockwell Automation, Inc.; Larsen & Toubro Limited; NXP Semiconductors N.V.; SCHURTER Holding AG; Sensata Technologies Holding plc; Texas Instruments Incorporated

Report Highlights

The circuit breaker segment dominated in 2020 and accounted for a revenue share of over 20%. A circuit breaker is a switching device intended to protect an electrical circuit from damage by interrupting an abnormal or fault current. The growing demand for better electrical connectivity, energy efficiency, and smart grids is necessitating the development of circuit breakers with higher accuracy, quality, and reliability.

The Ground Fault Circuit Interrupter (GFCI) segment is expected to witness significant growth over the forecast period. A GFCI is a protection device specifically designed to protect personnel against electric shocks by breaking the electrical circuit.

The power generation segment dominated in 2020and accounted for a revenue share of over 20%. Rising technological development, shifts in government policies to stimulate new technology development, and rising consumer preference for green energy are expected to accelerate the energy demand worldwide.

The Heating, Ventilation, and Air Conditioning (HVAC) segment is expected to register the fastest CAGR over the forecast period. The HVAC industry is primarily driven by regional regulations for energy-efficient products, unpredictable climatic conditions, and the advent of improved designs.

The Original Equipment Manufacturer (OEM) segment dominated in 2020and accounted for a revenue share of over 50%. OEMs need to ensure that their electrical products operate safely and reliably, according to design specifications and industry and government standards.

North America dominated in 2020and accounted for a revenue share of over 35%. The need for circuit protection is anticipated to increase owing to the rising concern about the safety of electronic and telecommunication equipment in the region.

Key Players

  • ABB Ltd.
  • Bel Fuse Inc
  • Schneider Electric SE
  • Mitsubishi Electric Corporation
  • Eaton Corporation plc
  • General Electric Company
  • Siemens AG
  • Rockwell Automation, Inc.
  • Larsen & Toubro Limited
  • NXP Semiconductors N.V.
  • SCHURTER Holding AG
  • Sensata Technologies Holding plc
  • Texas Instruments Incorporated

Market Segmentation

  • Product
    • Circuit Breaker
      • Low Current
      • High Current
    • Fuse
      • Fast Acting
      • Slow Blow
    • GFCI
      • Adapters
      • In-line Cord Sets
      • Quad Boxes
      • Panel Mount
      • Right Angle Cord Sets
      • User Attachable
      • Others
    • HD Pro
      • High Power Inline/Bulkhead GFCI
      • High Power Inline/Bulkhead ELCI
      • High Power Inline/Bulkhead EGFPD
    • Inrush Current Limiter
    • Mobile Power Protection
      • Automatic Transfer Switch
      • Battery Control Center
      • Inverter
      • Load Center
      • Others
    • Overvoltage Protection
      • Crowbar Devices
      • ESD Protector
      • Gas Discharge Tubes (GDT)
      • Metal Oxide Varistors (MOV)
      • Surge Protection Device (SPD)
      • Others
    • PTC Devices
      • Ceramic
      • Polymeric
  • Application
    • Agriculture
    • Automotive
    • Commercial & Residential Building
    • Household Appliances
    • HVAC
    • Power Generation
    • Recreational Vehicle (RV)
    • Telecom
    • Others
  • Channel
    • OEM
    • Retail
    • Wholesale
  • Regional Outlook (Volume, Million Units; Revenue, USD Million, 2018 – 2028)
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • U.K.
      • Germany
    • Asia Pacific
      • China
      • Japan
      • India
    • South America
    • MEA

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Circuit Protection Market, By Product

7.1.  Circuit Protection Market, by Product, 2021-2030

7.1.1.    Circuit Breaker

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Fuse

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    GFCI

7.1.3.1.        Market Revenue and Forecast (2017-2030)

7.1.4.    HD Pro

7.1.4.1.        Market Revenue and Forecast (2017-2030)

7.1.5.    Inrush Current Limiter

7.1.5.1.        Market Revenue and Forecast (2017-2030)

7.1.6.    Mobile Power Protection

7.1.6.1.        Market Revenue and Forecast (2017-2030)

7.1.7.    Overvoltage Protection

7.1.7.1.        Market Revenue and Forecast (2017-2030)

7.1.8.    PTC Devices

7.1.8.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Circuit Protection Market, By Application

8.1.  Circuit Protection Market, by Application, 2021-2030

8.1.1.    Agriculture

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Automotive

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Commercial & Residential Building

8.1.3.1.        Market Revenue and Forecast (2017-2030)

8.1.4.    Household Appliances

8.1.4.1.        Market Revenue and Forecast (2017-2030)

8.1.5.    HVAC

8.1.5.1.        Market Revenue and Forecast (2017-2030)

8.1.6.    Power Generation

8.1.6.1.        Market Revenue and Forecast (2017-2030)

8.1.7.    Recreational Vehicle (RV)

8.1.7.1.        Market Revenue and Forecast (2017-2030)

8.1.8.    Telecom

8.1.8.1.        Market Revenue and Forecast (2017-2030)

8.1.9.    Others

8.1.9.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Circuit Protection Market, By Channel

9.1.  Circuit Protection Market, by Channel, 2021-2030

9.1.1.    OEM

9.1.1.1.        Market Revenue and Forecast (2017-2030)

9.1.2.    Retail

9.1.2.1.        Market Revenue and Forecast (2017-2030)

9.1.3.    Wholesale

9.1.3.1.        Market Revenue and Forecast (2017-2030)

Chapter 10.      Global Circuit Protection Market, Regional Estimates and Trend Forecast

10.1.        North America

10.1.1.  Market Revenue and Forecast, by Product (2017-2030)

10.1.2.  Market Revenue and Forecast, by Application (2017-2030)

10.1.3.  Market Revenue and Forecast, by Channel (2017-2030)

10.1.4.  U.S.

10.1.4.1.      Market Revenue and Forecast, by Product (2017-2030)

10.1.4.2.      Market Revenue and Forecast, by Application (2017-2030)

10.1.4.3.      Market Revenue and Forecast, by Channel (2017-2030)

10.1.5.  Rest of North America

10.1.5.1.      Market Revenue and Forecast, by Product (2017-2030)

10.1.5.2.      Market Revenue and Forecast, by Application (2017-2030)

10.1.5.3.      Market Revenue and Forecast, by Channel (2017-2030)

10.2.        Europe

10.2.1.  Market Revenue and Forecast, by Product (2017-2030)

10.2.2.  Market Revenue and Forecast, by Application (2017-2030)

10.2.3.  Market Revenue and Forecast, by Channel (2017-2030)

10.2.4.  UK

10.2.4.1.      Market Revenue and Forecast, by Product (2017-2030)

10.2.4.2.      Market Revenue and Forecast, by Application (2017-2030)

10.2.4.3.      Market Revenue and Forecast, by Channel (2017-2030)

10.2.5.  Germany

10.2.5.1.      Market Revenue and Forecast, by Product (2017-2030)

10.2.5.2.      Market Revenue and Forecast, by Application (2017-2030)

10.2.5.3.      Market Revenue and Forecast, by Channel (2017-2030)

10.2.6.  France

10.2.6.1.      Market Revenue and Forecast, by Product (2017-2030)

10.2.6.2.      Market Revenue and Forecast, by Application (2017-2030)

10.2.6.3.      Market Revenue and Forecast, by Channel (2017-2030)

10.2.7.  Rest of Europe

10.2.7.1.      Market Revenue and Forecast, by Product (2017-2030)

10.2.7.2.      Market Revenue and Forecast, by Application (2017-2030)

10.2.7.3.      Market Revenue and Forecast, by Channel (2017-2030)

10.3.        APAC

10.3.1.  Market Revenue and Forecast, by Product (2017-2030)

10.3.2.  Market Revenue and Forecast, by Application (2017-2030)

10.3.3.  Market Revenue and Forecast, by Channel (2017-2030)

10.3.4.  India

10.3.4.1.      Market Revenue and Forecast, by Product (2017-2030)

10.3.4.2.      Market Revenue and Forecast, by Application (2017-2030)

10.3.4.3.      Market Revenue and Forecast, by Channel (2017-2030)

10.3.5.  China

10.3.5.1.      Market Revenue and Forecast, by Product (2017-2030)

10.3.5.2.      Market Revenue and Forecast, by Application (2017-2030)

10.3.5.3.      Market Revenue and Forecast, by Channel (2017-2030)

10.3.6.  Japan

10.3.6.1.      Market Revenue and Forecast, by Product (2017-2030)

10.3.6.2.      Market Revenue and Forecast, by Application (2017-2030)

10.3.6.3.      Market Revenue and Forecast, by Channel (2017-2030)

10.3.7.  Rest of APAC

10.3.7.1.      Market Revenue and Forecast, by Product (2017-2030)

10.3.7.2.      Market Revenue and Forecast, by Application (2017-2030)

10.3.7.3.      Market Revenue and Forecast, by Channel (2017-2030)

10.4.        MEA

10.4.1.  Market Revenue and Forecast, by Product (2017-2030)

10.4.2.  Market Revenue and Forecast, by Application (2017-2030)

10.4.3.  Market Revenue and Forecast, by Channel (2017-2030)

10.4.4.  GCC

10.4.4.1.      Market Revenue and Forecast, by Product (2017-2030)

10.4.4.2.      Market Revenue and Forecast, by Application (2017-2030)

10.4.4.3.      Market Revenue and Forecast, by Channel (2017-2030)

10.4.5.  North Africa

10.4.5.1.      Market Revenue and Forecast, by Product (2017-2030)

10.4.5.2.      Market Revenue and Forecast, by Application (2017-2030)

10.4.5.3.      Market Revenue and Forecast, by Channel (2017-2030)

10.4.6.  South Africa

10.4.6.1.      Market Revenue and Forecast, by Product (2017-2030)

10.4.6.2.      Market Revenue and Forecast, by Application (2017-2030)

10.4.6.3.      Market Revenue and Forecast, by Channel (2017-2030)

10.4.7.  Rest of MEA

10.4.7.1.      Market Revenue and Forecast, by Product (2017-2030)

10.4.7.2.      Market Revenue and Forecast, by Application (2017-2030)

10.4.7.3.      Market Revenue and Forecast, by Channel (2017-2030)

10.5.        Latin America

10.5.1.  Market Revenue and Forecast, by Product (2017-2030)

10.5.2.  Market Revenue and Forecast, by Application (2017-2030)

10.5.3.  Market Revenue and Forecast, by Channel (2017-2030)

10.5.4.  Brazil

10.5.4.1.      Market Revenue and Forecast, by Product (2017-2030)

10.5.4.2.      Market Revenue and Forecast, by Application (2017-2030)

10.5.4.3.      Market Revenue and Forecast, by Channel (2017-2030)

10.5.5.  Rest of LATAM

10.5.5.1.      Market Revenue and Forecast, by Product (2017-2030)

10.5.5.2.      Market Revenue and Forecast, by Application (2017-2030)

10.5.5.3.      Market Revenue and Forecast, by Channel (2017-2030)

Chapter 11.  Company Profiles

11.1.              ABB Ltd.

11.1.1.  Company Overview

11.1.2.  Product Offerings

11.1.3.  Financial Performance

11.1.4.  Recent Initiatives

11.2.              Bel Fuse Inc

11.2.1.  Company Overview

11.2.2.  Product Offerings

11.2.3.  Financial Performance

11.2.4.  Recent Initiatives

11.3.              Schneider Electric SE

11.3.1.  Company Overview

11.3.2.  Product Offerings

11.3.3.  Financial Performance

11.3.4.  Recent Initiatives

11.4.              Mitsubishi Electric Corporation

11.4.1.  Company Overview

11.4.2.  Product Offerings

11.4.3.  Financial Performance

11.4.4.  Recent Initiatives

11.5.              Eaton Corporation plc

11.5.1.  Company Overview

11.5.2.  Product Offerings

11.5.3.  Financial Performance

11.5.4.  Recent Initiatives

11.6.              General Electric Company

11.6.1.  Company Overview

11.6.2.  Product Offerings

11.6.3.  Financial Performance

11.6.4.  Recent Initiatives

11.7.              Siemens AG

11.7.1.  Company Overview

11.7.2.  Product Offerings

11.7.3.  Financial Performance

11.7.4.  Recent Initiatives

11.8.              Rockwell Automation, Inc.

11.8.1.  Company Overview

11.8.2.  Product Offerings

11.8.3.  Financial Performance

11.8.4.  Recent Initiatives

11.9.              NXP Semiconductors N.V.

11.9.1.  Company Overview

11.9.2.  Product Offerings

11.9.3.  Financial Performance

11.9.4.  Recent Initiatives

11.10.           Larsen & Toubro Limited

11.10.1.               Company Overview

11.10.2.               Product Offerings

11.10.3.               Financial Performance

11.10.4.               Recent Initiatives

11.11.           SCHURTER Holding AG

11.11.1.               Company Overview

11.11.2.               Product Offerings

11.11.3.               Financial Performance

11.11.4.               Recent Initiatives

11.12.           Sensata Technologies Holding plc

11.12.1.               Company Overview

11.12.2.               Product Offerings

11.12.3.               Financial Performance

11.12.4.               Recent Initiatives

11.13.           Texas Instruments Incorporated

11.13.1.               Company Overview

11.13.2.               Product Offerings

11.13.3.               Financial Performance

11.13.4.               Recent Initiatives

Chapter 12.  Research Methodology

12.1.              Primary Research

12.2.              Secondary Research

12.3.              Assumptions

Chapter 13.  Appendix

13.1.              About Us

13.2.              Glossary of Terms

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