An electric circuit is a closed path of charge between a power source, connecting wires and electric devices. Every circuit has a maximum amount of current it can allow to pass through - over this, the wires could overheat and melt or fires might break out. Thankfully, circuit protection devices (CPDs) prevent this by automatically disconnecting the supply of electricity when a dangerous overcurrent passes through the wires.

The most basic type of CPD is a fuse. The fuse consists of two oppositely charged plates connected by a metal wire, which acts like a charge pipe through which positive charges can flow. If a given device draws more current than permitted, the fuse wire melts and breaks the circuit, stopping the current flow. There are different types of fuses based on their voltage and current ratings, application, response time and breaking capacity.

Market Dynamics:

The global Circuit Protection market is expected to grow at a rapid pace in the forecast period due to rising adoption of IoT devices in various applications across industries. The growing telecommunication sector coupled with the increasing investments towards the development of strong IT infrastructure is fuelling the growth of the global circuit protection market.

The increased focus on electrical safety in consumer applications is boosting the demand for advanced circuit protection systems, which will provide a lucrative opportunity for market players. However, high cost of raw materials and stringent government regulations are likely to hinder growth of the global circuit protection market during the forecast period.

Key features of the study:

• This report provides in-depth analysis of the global circuit protection market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global circuit protection market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include ABB Ltd., NXP Semiconductors N.V., Bel Fuse Inc., Larsen & Toubro Limited, Schneider Electric SE, Rockwell Automation, Inc., Mitsubishi Electric Corporation, Siemens AG, Eaton Corporation plc., and General Electric Company.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global circuit protection market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global circuit protection market

Detailed Segmentation:

• Global Circuit Protection Market, By Product:
  • Circuit Breaker
  • Fuse
  • HD Pro
  • Inrush Current Limiter
  • Mobile Power Protection
  • Overvoltage Protection
  • PTC Devices
  • GFCI
• Global Circuit Protection Market, By Channel:
  • OEM
  • Retail
  • Wholesale
• Global Circuit Protection Market, By Application:
  • Agriculture
  • Automotive
  • Commercial & Residential Building
  • Household Appliances
  • HVAC
  • Power Generation
  • Recreational Vehicle
  • Telecom
  • Others
• Global Circuit Protection Market, By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • ABB Ltd.
  • Bel Fuse Inc.
  • Schneider Electric SE
  • Mitsubishi Electric Corporation
  • Eaton Corporation plc.
  • General Electric Company
  • Siemens AG
  • Rockwell Automation, Inc.
  • Larsen & Toubro Limited
  • NXP Semiconductors N.V.