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Circuit Protection Global Market Size is Expected to Grow to $3.73 Billion By 2027 at a 8.5%. CAGR: The Business Research Company
Circuit Protection Global Market
The Business Research Company's Circuit Protection Global Market Report 2023 identifies the growing demand for smartphones, PCs, laptops, and tablets is expected to drive the growth of the circuit protection market. Circuit protection is used to protect a device from damage caused by excessive flow of current.
The global circuit protection market size grew from $45.09 billion in 2022 to $50.89 billion in 2023 at a compound annual growth rate (CAGR) of 12.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. 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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Major players in the circuit protection market are ABB Ltd., Siemens AG, Bel Fuse Inc., Schneider Electric SE, General Electric Company, Rockwell Automation Inc., Eaton Corporation PLC., Mitsubishi Electric Corporation, Larsen And Toubro Ltd., Texas Instruments Incorporated, NXP Semiconductors N.V., Alstom, Hitachi Ltd and Keko-Vericon.
Product launch shaping the circuit protection market. Companies are creating new and advanced products to satisfy market needs. In February 2020, Bel Fuse Inc., a US-based company launched the OZCM series. Bel Fuse is now the only vendor having 10mA, 20mA, and 30mA solutions in a compact, AEC-Q-compliant form factor.
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The Circuit Protection market is segmented -
• 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: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Circuit Protection market.
The Business Research Company's "Global Circuit Protection Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Circuit Protection Market Include:
1. Executive Summary
2. Circuit Protection Market Characteristics
3. Circuit Protection Market Trends And Strategies
4. Circuit Protection Market - Macro Economic Scenario
5. Circuit Protection Market Size And Growth
.....
26. Africa Circuit Protection Market
27. Circuit Protection Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Circuit Protection Market
29. Circuit Protection Market Future Outlook and Potential Analysis
30. Appendix
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