Dublin, Aug. 05, 2021 (GLOBE NEWSWIRE) -- The "Circuit Protection Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global circuit protection market exhibited moderate growth during 2015-2020. Looking forward, the global circuit protection market is expected to grow at a CAGR of around 5% during the forecast period (2021-2026).
The growing automotive industry, along with the growing utilization of consumer electronics, is one of the key factors driving the growth of the market.
In automobiles, both electrical and mechanical components are used that are dependent on CPDs to enhance driving assistance, infotainment, navigation, and telematics, passenger comfort and safety. These devices are also used to integrate smart and high-performance functionalities by preventing wires and other electrical components from overheating.
Furthermore, the emerging trend of equipment miniaturization has also boosted the demand for circuit protection solutions across the globe. Manufacturers are designing innovative and compact products that are more vulnerable to voltage and electrical surges, thus increasing the demand for circuit protection solutions.
Additionally, the rapid growth of slim, smart portable appliances with improved sensitivity, faster processors and better power densities is another factor creating a positive outlook for the market. Other factors, including rapid urbanization, growth in the construction industry and various technological advancements, are projected to drive the market in the upcoming years.
This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the circuit protection market in any manner.
Key Questions Answered in This Report:
How has the global circuit protection market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global circuit protection market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the device?
What is the breakup of the market based on the end-use?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the market?
What is the structure of the global circuit protection market and who are the key players?
What is the degree of competition in the market?
The competitive landscape of the industry has also been examined with some of the key players being
BEL Fuse Inc.
Eaton Corp. PLC
General Electric Company
Larsen & Toubro Ltd.
Mitsubishi Electric Corp.
NXP Semiconductors N.V.
ON Semiconductor Corp.
Rockwell Automation Inc.
Schneider Electric SE
Texas Instruments Inc.
Breakup by Type:
Electrostatic Discharge (ESD) Protection
Breakup by Device:
ESD Protection Devices
Surge Protection Devices
Breakup by End-Use:
Residential Building Construction
Non-Residential Building Construction
Electrical and Electronics
Breakup by Region:
Middle East and Africa
For more information about this report visit https://www.researchandmarkets.com/r/j47wmh
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