Press release
Circuit Protection Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Circuit Protection Market Size
The circuit protection market is projected to expand due to the increasing need for devices like smartphones, PCs, laptops, and tablets. Circuit protection safeguards electronic devices from damage resulting from high current flow, a common occurrence in devices such as smartphones. The implementation of circuit protection can prevent such situations. For instance, data from a report released by Uswitch Limited, an online and telephone comparison, and switching service based in the UK, indicated that at the start of 2022, the UK had 71.8 million mobile connections. This figure was 4.2 million higher than the country's total population, marking a 3.8% increase from 2021 and equating to around 2.6 million new connections. By 2025, the UK's population is projected to be 68.3 million, and approximately 95% (or nearly 65 million people) are expected to own smartphones. Hence, this increasing need for smartphones, PCs, and tablets propels the growth of the circuit protection market.
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How will the growth rate of the circuit protection market shape industry trends by 2034?
The size of the circuit protection market has seen robust growth in the past few years. Its growth is projected to rise from $54.5 billion in 2024 to $59.88 billion in 2025, with a compound annual growth rate (CAGR) of 9.9%. The substantial growth experienced in the historical period can be linked to the expansion of the electronics industry, a surge in the demand for automotive electronics, an increase in industrial automation, development of infrastructure, and a rise in the demand for consumer electronics.
Over the upcoming years, the circuit protection market is predicted to experience swift growth, escalating to a staggering $89.77 billion by 2029, with a compound annual growth rate (CAGR) of 10.7%. The anticipated growth during the forecast period can be credited to elements such as increasing implementation of smart grids, heightened solar and wind power generation, advanced miniaturization and microelectronics, and the expansion of data centers. Major trends expected during this period are technological advancements, the advent of the internet of things (iot), the deployment of 5g technology, the industrial internet of things (iiot), and the unveiling of energy storage technologies.
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What trends are poised to drive the future success of the circuit protection market?
The circuit protection market is being influenced by new product launches. Firms are innovating and developing cutting-edge products to meet market demands. For example, in July 2022, ABLIC Inc., a semiconductor firm based in Japan, introduced the 4-/5-Serial Cell S-82B4/B5 Series and S-82C4/C5 Series of Battery Protection ICs. These ICs, specifically designed for lithium-ion batteries, are intended to safeguard battery packs from overcharge, over-discharge, overcurrent, and short-circuits.
Which primary segments of the circuit protection market are driving growth and industry transformations?
The circuit protection market covered in this report is segmented -
1) By Type: Overcurrent Protection, Electrostatic Discharge (ESD) Protection, Overvoltage Protection
2) By Device: Circuit Breakers, Fuses, ESD Protection Devices, Surge Protection Devices
3) By Channel Outlook: Original Equipment Manufacturer (OEM), Retail, Wholesale
4) By End-User: Automotive And Transportation, Electrical And Electronics, Energy, Construction, Industrial, Other End Users
Subsegments:
1) By Overcurrent Protection: Fuses, Circuit Breakers, Resettable Fuses (PTC)
2) By Electrostatic Discharge (ESD) Protection: ESD Suppressors, ESD Protection Diodes, ESD Protection ICs
3) By Overvoltage Protection: Surge Protective Devices (SPDs), Transient Voltage Suppressors (TVS), Voltage Clamping Device
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Which geographical regions are pioneering growth in the circuit protection market?
North America was the largest region in the circuit protection market in 2024. The regions covered in the circuit protection market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the influential players reshaping the circuit protection market landscape?
Major companies operating in the circuit protection market include ABB Ltd., Alstom SA, Bel Fuse Inc., Eaton Corporation plc, General Electric Company, Hitachi Ltd., Keko-Vericon Sp. z o.o., Larsen & Toubro Limited, Mitsubishi Electric Corporation, NXP Semiconductors N.V., ON Semiconductor Corporation, Rockwell Automation Inc., Schneider Electric SE, Siemens Aktiengesellschaft, Texas Instruments Incorporated, Altech Corporation Pty. Ltd., Automation Systems Interconnect Inc., Bourns Inc., Carling Technologies Inc., CBI-electric: low voltage (Pty) Ltd., CHINT Electric Co. Ltd., Cooper Bussmann LLC, Delta Electronics Inc., E-T-A Circuit Breakers GmbH, Fuji Electric Co. Ltd., Hager Group, Legrand SA, Leviton Manufacturing Co. Inc., Littelfuse Inc., Lovato Electric S.p.A., Mersen S.A., Phoenix Contact GmbH & Co. KG
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What Is Covered In The Circuit Protection Global Market Report?
•Market Size Forecast: Examine the circuit protection market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the circuit protection market for a structured understanding.
•Key Players Overview: Analyze major players in the circuit protection market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the circuit protection market.
•Segment Contributions: Evaluate how different segments drive overall growth in the circuit protection market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the circuit protection market.
•Industry Challenges: Identify potential risks and obstacles affecting the circuit protection market.
•Competitive Landscape: Review strategic developments in the circuit protection market, including expansions, agreements, and new product launches.
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