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Circuit Protection Market to Exceed $ 77.7 Billion by 2030

According to the industry experts, The circuit protection market size is projected to reach around US$ 77.7 billion by 2030 from USD 44.5 billion in 2021 growing at a CAGR of 5.9% from 2021 to 2030. The report contains 150+ pages with detailed analysis.

The base year for the study has been considered 2021, the historic year 2019 and 2020, the forecast period considered is from 2021 to 2030. The circuit protection market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).

The increased adoption of electronic devices, rapid urbanization, and rising demand for the protection of appliances resulting from power failures are the major factors that drives the growth of the global circuit protection market. The rising awareness regarding the safety of appliances and human individuals from the power failures and electric shocks respectively is expected to fuel the demand for the circuit protection products. Moreover, the increased demand for the various consumer electronics among the global population such as air conditioners, heating equipment, laptops, and various other wide ranges of products have rapidly boosted the consumption of the circuit protection products across the globe.

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Moreover, the growing demand from the various end use industries such as automotive, construction, and agriculture is fostering the demand. The automotive play a crucial role in the growth of the market as it is a huge industry and consumes a significant amount of the circuit protection products. Further, the rising popularity of the electric vehicles across the globe is projected to drive the growth of the global circuit protection market during the forecast period.The rising number of connected devices across the globe, rapid growth of the telecommunications sector, rising investments towards building a strong IT infrastructure, and growing number of residential and commercial buildings across the globe is significantly boosting the growth of the global circuit protection market.

Circuit Protection Market Scope

This market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, the Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes the market by key players and various segment. This report also studies global market prominence, competitive landscape, market share, growth rates market dynamics such as drivers, restraints and opportunities, and distributors and sales channels.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

North America dominated the global circuit protection market, garnering a significant market share of around 36% in 2020. The exponential growth of the automotive, IT, and telecommunications industries in the region has contributed towards the market growth. Moreover, increasing investments in the infrastructural development is further expected to drive the market growth. Further,the increased awareness regarding the safety of personnels and electric devices has impeded the market growth in North America.

Asia Pacific is estimated to be the most opportunistic market during the forecast period. Asia Pacific is characterized by huge government investment in the urbanization, industrialization, and electrification of the rural areas. Moreover, increased presence of the world top consumer electronics manufacturers in this region significantly drives the adoption of numerous electronic devices that further fosters the demand for the circuit protection products across the region.

The rising number of connected devices across the globe is impeding the market growth. Further, the proposed plans of various nations to develop Smart Cities is expected to increase the power generation and increased adoption of IoT and digital devices, which will significantly contribute towards the growth of the market.

The lack of investments to develop proper infrastructure and lack of electricity in the rural areas of the underdeveloped nations is the major factors that may hamper the growth of the circuit protection market during the forecast period.

The increased adoption of the consumer electronic such as mobile phones, laptops, PCs, LED lights, air conditioners, fans, and washing machines has significant contributions towards the consumption of the circuit protection products.The rising demand for the consumer electronics owing to the factors such as increasing disposable income, demand for home improvement, and rising standards of living is expected to drive the adoption of various electronics, which in turn is expected to augment the demand for the circuit protection products across the globe.

Based on the product, the GFCI segment is estimated to be the most opportunistic segment during the forecast period. The rising awareness regarding the safety from electric shocks among the people is boosting the growth of this segment. Moreover, the government regulations regarding the safety from power has boosted the adoption of GFCIs in the residential and commercial buildings across the globe. The rising urbanization in the developing markets is estimated to be the significant driver of this segment.

Based on the application, the power generation segment dominated the global circuit protection market, accounting for around 21% of the market share in 2020. The rising demand for the efficient, uninterrupted, and flexible power is projected to contribute towards the market growth. Moreover, growing focus on the Green Energy is presenting growth opportunities to the market players.

Circuit Protection Market

Based on the distribution channel, the OEM segment accounted for around 51% of the market share in 2020. The wholesale segment is projected to be the fastest-growing segment during the forecast period.

Report Coverage of the Circuit Protection Market

Report Highlights Details
Market Size USD 77.7 Billion by 2030
Growth Rate CAGR of 5.9% From 2021 to 2030
Largest Market Size North America
Fastest Growing Market Asia Pacific
Base Year 2021
Forecast Period 2021 to 2030

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Key Players/Manufacturers

This report also provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the circuit protection market and ranks noticeable companies as per their occurrence in diverse regions across the globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.

Some of the prominent players in the global circuit protection market include:

  • 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.

Circuit Protection Market Segments Covered

By Product

  • Fuse
  • Circuit Breaker
  • HD Pro
  • GFCI
  • Mobile Power Protection
  • Inrush Current Limiter
  • PTC Devices
  • Overvoltage Protection

By Application

  • Automotive
  • Commercial & Residential Buildings
  • Agriculture
  • Power Generation
  • Telecom
  • HVAC
  • Household Appliances
  • Recreational Vehicle
  • Others

By Distribution Channel

  • Retail
  • Wholesale
  • OEM

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Research Objective

  • To provide a comprehensive analysis of the circuit protection industry and its sub-segments in the global market, thereby providing a detailed structure of the industry
  • To provide detailed insights into factors driving and restraining the growth of this global market
  • To provide a distribution chain analysis/value chain for the this market
  • To estimate the market size of the global circuit protection market where 2019 would be the historical period, 2020 shall be the base year, and 2020 to 2027 will be the forecast period for the study
  • To provide strategic profiling of key companies (manufacturers and distributors) present across the globe, and comprehensively analyze their competitiveness/competitive landscape in this market
  • To analyze the global market in four main geographies, namely, North America, Europe, Asia-Pacific, and the Rest of the World
  • To provide country-wise market value analysis for various segments of the circuit protection

TABLE OF CONTENT

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. COVID 19 Impact on Circuit Protection Market 

5.1. COVID-19 Landscape: Circuit Protection Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Circuit Protection Market, By Product

8.1. Circuit Protection Market, by Product Type, 2021-2030

8.1.1. Fuse

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Circuit Breaker

8.1.2.1. Market Revenue and Forecast (2019-2030)

8.1.3. HD Pro

8.1.3.1. Market Revenue and Forecast (2019-2030)

8.1.4. GFCI

8.1.4.1. Market Revenue and Forecast (2019-2030)

8.1.5. Mobile Power Protection

8.1.5.1. Market Revenue and Forecast (2019-2030)

8.1.6. Inrush Current Limiter

8.1.6.1. Market Revenue and Forecast (2019-2030)

8.1.7. PTC Devices

8.1.7.1. Market Revenue and Forecast (2019-2030)

8.1.8. Over Voltage Protection

8.1.8.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Circuit Protection Market, By Application

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

9.1.1. Automotive

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Commercial & Residential Buildings

9.1.2.1. Market Revenue and Forecast (2019-2030)

9.1.3. Agriculture

9.1.3.1. Market Revenue and Forecast (2019-2030)

9.1.4. Power Generation

9.1.4.1. Market Revenue and Forecast (2019-2030)

9.1.5. Telecom

9.1.5.1. Market Revenue and Forecast (2019-2030)

9.1.6. HVAC

9.1.6.1. Market Revenue and Forecast (2019-2030)

9.1.7. Household Appliances

9.1.7.1. Market Revenue and Forecast (2019-2030)

9.1.8. Recreational Vehicle

9.1.8.1. Market Revenue and Forecast (2019-2030)

9.1.9. Others

9.1.9.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Circuit Protection Market, By Distribution Channel 

10.1. Circuit Protection Market, by Distribution Channel, 2021-2030

10.1.1. Retail

10.1.1.1. Market Revenue and Forecast (2019-2030)

10.1.2. Wholesale

10.1.2.1. Market Revenue and Forecast (2019-2030)

10.1.3. OEM

10.1.3.1. Market Revenue and Forecast (2019-2030)

Chapter 11. Global Circuit Protection Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Product (2019-2030)

11.1.2. Market Revenue and Forecast, by Application (2019-2030)

11.1.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.1.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.1.4.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.1.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.1.5.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.4.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.5.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.6.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.6.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.7.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.7.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.4.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.5.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.6.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.6.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.7.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.7.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.4.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.5.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.6.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.6.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.7.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.7.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.5.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.5.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.5.4.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.5.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.5.5.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)

Chapter 12. Company Profiles

12.1. ABB Ltd.

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. BEL Fuse Inc.

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Eaton Corp. PLC

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. General Electric Company

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Larsen & Toubro Ltd.

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Mitsubishi Electric Corp.

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. NXP Semiconductors N.V.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. ON Semiconductor Corp.

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Rockwell Automation Inc.

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Schneider Electric SE

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

12.11. Siemens AG

12.11.1. Company Overview

12.11.2. Product Offerings

12.11.3. Financial Performance

12.11.4. Recent Initiatives

12.12. Texas Instruments Inc.

12.12.1. Company Overview

12.12.2. Product Offerings

12.12.3. Financial Performance

12.12.4. Recent Initiatives

12.13. Hitachi Ltd.

12.13.1. Company Overview

12.13.2. Product Offerings

12.13.3. Financial Performance

12.13.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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