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Circuit Protection Market Size, Growth And Industry Statistics 2023-2032
Circuit Protection Market
The Business Research Company's Circuit Protection Global Market Report 2023 identifies growing demand for smartphones as the major driver for the Circuit Protection market's growth in the forecast period. This situation can occur in electronic devices such as smartphones. By installing circuit protection, such a situation can be avoided. In April 2021, according to the report published by Canalys, a market analyst firm, PC sales have remained stagnating for years due to the rise of smartphones.
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 market size of the global circuit protection is expected to grow to $82.4 billion in 2027 at a CAGR of 12.8%.
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Major competitors in the Circuit Protection market are ABB Ltd., Siemens AG, Bel Fuse Inc., Schneider Electric SE, General Electric Company, Rockwell Automation Inc.
A key trend in the Circuit Protection market includes product launch shaping. 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. The series has a 50mA to 200mA operating range, a maximum current of 40 A, a maximum voltage 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 current 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.
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https://www.thebusinessresearchcompany.com/report/circuit-protection-global-market-report
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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