Circuit Protection Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

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Circuit Protection Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Status : October, 2020 | Semiconductor & Electronics | PPT format

Report Digest


Global Circuit Protection Market: Snapshot 

With the robust growth of the global automotive electronics market, the global circuit protection market is poised to rake in a significant share of the revenue pie. Most of the modern automobiles are embedded with electronic systems such as transmission electronics, engine electronics, chassis electronics, driver assistance and safety electronics, and infotainment systems. To protect these sensitive electronic components of automobiles, circuit protection systems are installed. In addition this, there is a surging demand for advanced circuit protection devices that suit the specific needs of expensive electronic control systems and also conform to the rigorous standards of automobile manufacturing. 

Circuit protection systems consist of fuses, ESD protection devices, circuit breakers, and surge protection devices. On the basis of end user, the global circuit protection market can be segmented into construction, industrial machinery, electric utility, automotive, and electrical and electronics equipment. The demand for fuses and circuit breakers is likely to remain strong in the electric utility segment throughout the forecast horizon, owing to the growing investments in the expansion and upgradation of power transmissions and distribution systems. 

A large number of international and regional players are competing fiercely in terms of pricing and innovation to enhance their visibility in this highly fragmented arena. Players are pouring hefty funds into research and development in order to diversify their product portfolio. The growing trend of smart homes and buildings is rendering the global circuit protection market highly opportunistic.

Global Circuit Protection Market: Overview

The global circuit protection market is projected to grow at a healthy growth rate during the forecast period. The rising number of applications of circuit protection is expected to contribute extensively towards the development of the overall market in the near future. The research study further highlights the key growth factors, current trends, and opportunities in the global circuit protection market. In addition, the challenges being faced by the market players and the competitive landscape have been discussed at length to offer a strong understanding of the overall market.

Global Circuit Protection Market: Drivers and Restraints

The rising adoption of Internet of Things in diverse industries and the rising demand for circuit protection are some of the important aspects that are estimated to fuel the growth of the global circuit protection market in the coming years. In addition, the rising emphasis of leading players on innovations and new product development is likely to accelerate the growth of the overall market throughout the forecast period.

The global market for circuit protection is expected to face several challenges in the near future, owing to which the market is likely to witness a slight downward trend. The increasing prices of raw materials and the environmental regulations concerning the technology for SF6 circuit breaker are anticipated to hamper the growth of the global circuit protection market in the coming years. Nevertheless, the rising pace of industrialization and urbanization in emerging economies, resulting in a high demand for circuit protection is expected to provide lucrative opportunities for players operating in the global market.

Global Circuit Protection Market: Region-wise Outlook

The global circuit protection market has been categorized on the basis of geography into Latin America, North America, the Middle East and Africa, Europe, and Asia Pacific. In 2016, North America witnessed robust growth and is likely to continue with this throughout the forecast period. This high growth of this region can be attributed to the upgradation of the existing and old power grid infrastructure. In addition, the substantial contribution from the U.S. and the rising demand for automotive electronics applications are some of the other factors anticipated to encourage market growth in the next few years.

Furthermore, developing nations across the globe are anticipated to witness growth in the circuit protection market in the coming few years. The high rate of urbanization and industrialization is a major factor projected to accelerate the growth of the global circuit protection market in the near future. The research study has offered information related to the growth rate and size of each regional segment in order to provide a clear understanding of the growth prospects in the next few years.

Key Players Mentioned in the Research Report are:

Furthermore, the research study offers a detailed overview of the competitive landscape of the global circuit protection market. The profiles of the leading companies have been included in the research study to provide a clear picture and understanding of the overall market. In addition, the latest trends and the marketing tactics that are being used by players have been discussed to guide the new players entering the global circuit protection market.

The global market for circuit protection is highly competitive in nature with the presence of a large number of small and medium-sized players operating in it. The prominent players in the market include ABB Ltd., Automation Systems Interconnect, Toshiba, Bentek, General Electric, Rockwell Automation Inc., Pennsylvania Breaker, SIBA, S&C Electric Company, Mersen, Littelfuse, Schneider Electric, TE Connectivity, Eaton Corp. PLC, Hitachi, Mitsubishi Electric Corp., Alstom, Legrand, Siemens AG, Powell Industries, and Bourns.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?