The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The rising demand for smartphones, PCs, laptops, and tablets is expected to spur innovation in circuit protection manufacturing, propelling the market during the forecast period.

The global circuit protection market is expected to grow from $45.09 billion in 2022 to $50.89 billion in 2023 at a compound annual growth rate (CAGR) of 12.9%. The circuit protection market size is expected to grow to $82.4 billion in 2027 at a CAGR of 12.8%.

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Global Circuit Protection Market Segments Include:

• By Type: Overcurrent Protection, Electrostatic Discharge (ESD) Protection, Overvoltage Protection
• By Device: Circuit Breakers, Fuses, ESD Protection Devices, Surge Protection Devices
• By Channel Outlook: Original Equipment Manufacturer (OEM), Retail, Wholesale
• By End-User: Automotive And Transportation, Electrical And Electronics, Energy, Construction, Industrial, Other End Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global circuit protection market in 2021.

Major Market Players in the circuit protection market include ABB Ltd., Siemens AG, Bel Fuse Inc., Schneider Electric SE, General Electric Company, Rockwell Automation Inc., Eaton Corporation PLC., Mitsubishi Electric Corporation.

Product introductions shape the circuit protection market. Companies are developing new and advanced products to meet market demands. Bel Fuse Inc., a US-based company, launched the OZCM series in February 2020. Bel Fuse is now the only vendor that offers 10mA, 20mA, and 30mA solutions in a small, AEC-Q-compliant package. The series has an operating range of 50mA to 200mA, a maximum current of 40 A, a maximum voltage range of 9-15 V DC, and a temperature range of -40 °C to 85 °C. The 0ZCM Series provides the low DCR resistance and quick trip time required for modern automobile applications. It’s ideal for gaming console ports, PDAs and digital cameras, disc drives, streaming devices, CD-ROMs, and other USB peripherals, as well as motherboard plug and play protection.

The Circuit Protection Global Market Report 2023 provides a circuit protection market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The circuit protection market forecast analyzes circuit protection market size, circuit protection market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A circuit protection device detects current or voltage and protects a circuit from overcurrent or overvoltage problems. Several protective devices, such as fuses, circuit breakers, RCCBs, gas discharge tubes, thyristors, and others, are available on the market to provide the highest level of security.

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