Circuit Protection Market - By Type, By Product, By Distribution Channel, By Application & Forecast, 2024

Description

Circuit Protection Market size is poised to witness over 7.3% CAGR from 2024-2032, propelled by the growing focus on energy efficiency and sustainability in electrical systems. Continuous innovations in circuit protection technologies is leading to the development of smart circuit breakers and advanced fuses for enhancing the capabilities of protection devices. These innovations are offering features like real-time monitoring, remote control, and predictive maintenance. The increasing electrification of various sectors, including transportation, healthcare, and manufacturing will also outline the market growth. As per IEA (International Energy Agency), the global EV fleet consumed nearly 130 TWh of electricity in 2023, accounting for 0.5% of the current overall final electricity consumption worldwide.

The circuit protection industry is segmented into type, product, distribution channel, application, and region.

In terms of product, the market size from circuit breakers segment may record appreciable CAGR through 2032, owing to their rising need for safely integrating renewable energy into the grid and ensuring stable power supply. Technological innovations have also led to the development of more sophisticated circuit breakers to offer enhanced features, such as remote monitoring, automation, and integration with smart grids.

With respect to application, the circuit protection industry value from the agriculture segment will strike a robust CAGR from 2024 to 2032. This is due to the rising need to maintain the safety, reliability, and efficiency of electrical systems for supporting the overall productivity and sustainability of farming operations. Lately, farms are increasingly using renewable energy sources like solar panels and wind turbines. This is further augmenting the adoption of circuit protection devices to manage power flow and protect these systems from electrical faults.

Europe circuit protection market size is likely to exhibit significant growth through 2032, led by the expansion of industrial automation and Industry 4.0 initiatives. With the surging efforts on modernizing the infrastructure in the region, there is a growing need for robust circuit protection solutions to ensure the reliability and safety of smart grid networks. The shift towards renewable energy sources, such as solar and wind power is also driving the demand for advanced circuit protection technologies to manage intermittent power fluctuations and ensure grid stability.

Product Code: 9939

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast parameters
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2024 - 2032
2.2 Business trends
- 2.2.1 Total addressable market (TAM), 2024-2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Technology & innovation landscape
3.4 Patent analysis
3.5 Key news and initiatives
3.6 Regulatory landscape
3.7 Impact forces
- 3.7.1 Growth drivers
  - 3.7.1.1 Growing adoption of advanced circuit protection devices
  - 3.7.1.2 Developments in renewable energy infrastructure
  - 3.7.1.3 Growth of automotive Industry rising demand for consumer electronics
  - 3.7.1.4 Rapid urbanization and infrastructure development
  - 3.7.1.5 Increasing electrical and electronic device usage
- 3.7.2 Industry pitfalls & challenges
  - 3.7.2.1 Stringent regulatory and compliance Issues
  - 3.7.2.2 Technological complexity
3.8 Growth potential analysis
3.9 Porter's analysis
- 3.9.1 Supplier power
- 3.9.2 Buyer power
- 3.9.3 Threat of new entrants
- 3.9.4 Threat of substitutes
- 3.9.5 Industry rivalry
3.10 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Type, 2021 - 2032 (USD Million)

5.1 Key trends
5.2 Overcurrent protection
5.3 Electrostatic discharge (ESD) protection
5.4 Overvoltage protection

Chapter 6 Market Estimates & Forecast, By Product, 2021 - 2032 (USD Million)

6.1 Key trends
6.2 Circuit breakers
6.3 Fuses
6.4 GFCI
6.5 HD Pro
6.6 Inrush current limiter
6.7 Mobile power protection
6.8 Overvoltage protection
6.9 Others

Chapter 7 Market Estimates & Forecast, By Distribution channel, 2021 - 2032 (USD Million)

7.1 Key trends
7.2 Direct sales
7.3 Distributors
7.4 Retail sales
7.5 Online sales
7.6 Others

Chapter 8 Market Estimates & Forecast, By Application, 2021 - 2032 (USD Million)

8.1 Key trends
8.2 Agriculture
8.3 Automotive
8.4 Commercial and residential
8.5 Household appliances
8.6 HVAC
8.7 Others

Chapter 9 Market Estimates & Forecast, By Region, 2021 - 2032 (USD Million)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Rest of Latin America
9.6 MEA
- 9.6.1 UAE
- 9.6.2 Saudi Arabia
- 9.6.3 South Africa
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 ABB Ltd.
10.2 Bel Fuse Inc.
10.3 Eaton Corporation
10.4 General Electric Company
10.5 Hitachi, Ltd.
10.6 Legrand SA
10.7 Littelfuse, Inc.
10.8 Mitsubishi Electric Corporation
10.9 NXP Semiconductors N.V.
10.10 ON Semiconductor Corporation
10.11 Panasonic Corporation
10.12 Rockwell Automation, Inc.
10.13 Schneider Electric SE
10.14 Siemens AG
10.15 Texas Instruments Incorporated

Circuit Protection Market - By Type, By Product, By Distribution Channel, By Application & Forecast, 2024 - 2032