Press release
Automotive circuit protection Market– Growth Opportunities & Technology Developments by 2025
The main objective of this report is to define, describe, and forecast the global “Automotive circuit protection ” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Circuit protection is the intentional installation of a weak link in an electrical circuit. Automobiles we use today have a more life expectancy due to improvements in materials and design in machines, also due to the use of circuit protectors. In the past two decades, industrial automation has witnessed several advancements such as use of rogowski sensor over iron core sensors and tighter tolerances in bands on TCC. Industrial automation is constantly increasing its benchmark in setting a standards for each industry verticals which includes construction, automotive and transportation, electronics and electrical equipment, industrial, and energy, among other markets. Electronic equipment and systems have replaced mechanical devices due to technological advances. Without appropriate electrical protection in automation, these electronic systems may fail without any warning. Automotive circuit protection is important from view to improve performance, productivity and overall efficiency of the machine. The rising need of circuit protection in automotive sector along with customized solution through a product offering created the need for automotive circuit protection analysis.
Circuit protection in automation industry involves maximizing productivity through protecting the device or machine across the product life cycle of the products. Furthermore, it allows the manufacturer to cut down the cost of unexpected shut down and such problems which improves overall performance of products by using automotive circuit protection Moreover, companies are investing more on sustainable production and circuit protection systems adopts sustainable approaches in process of automation. The circuit protection in automotive systems is an outcome of increasing focus on efficiency improvement and energy saving by automotive industry. Additionally, the industrial automotive segment demand improved industrial technology and machineries. These aforesaid factors are expected to drive the growth in automotive circuit protection market. On the other hand, these automation systems are at times considered as an additional cost to the company. However customers have started demanding for more advanced circuitry protection devices that are used for specific needs of costly electronic control systems and comply with the rigorous standards of the automotive segment this might be a challenge face by automotive industry.
The automotive circuit protection market can be segmented on the basis of type, device and geographical regions. By type automotive circuit protection market can be further segmented into ESD protection, overcurrent protection and overvoltage protection. In ESD (electrostatic discharge) protection there is an unexpected flow of electricity between two electrically charged objects caused by contact, this situation can be very harmful to device hence ESD protection is used with variety of devices. Overcurrent Protection provides guard to service entrance, feeder and branch circuit conductors and equipment. Whereas Overvoltage protection is done or required when the voltage in a circuit is raised above its upper design limit.
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According to device, the automotive circuit protection market is subdivided into circuit breakers, ESD protection devices, fuses and surge protection devices. Circuit breakers trip or open a circuit when surplus current runs through the device, these are used to protect a broad range of equipment and systems such as transformers, motors and telecommunications equipment. ESD Protection Devices are used to prevent a breakdown of a device in machine. Fuses contain a wire element, filament or thin film that melts if current exceeds or in any pre-determined fault. Surge Protection Devices is a device designed to protect electrical or mechanical devices from sudden voltage changes. Surge protector tries to guide or limit the voltage supplied to an electric device by blocking, to nullify any unwanted voltages above a predetermined threshold. Furthermore, automotive circuit protection market can also be studied according to geographical regional bifurcations such as North America, Europe, South America, Asia Pacific and Middle East and Africa.
Many players are involved in the automotive circuit protection market with wider solution portfolio. Some of the key players in automotive circuit protection device manufacturers include Siemens AG (Germany), ABB Ltd. (Switzerland), automation Systems Interconnect, Eaton Corp. Plc (Ireland) and General Electric Company (U.S.), AVX, Bel Fuse, Bentek, Bourns, G&W Electric, E-T-A, General Electric, Powell Industries, Hitachi, Littelfuse, Mersen, Pennsylvania Breaker, S&C Electric Company, Schneider Electric, SIBA, TE Connectivity, Legrand, and Toshiba among others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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