Circuit Protection Market - Global Forecast to 2022 - Growth in the Automotive Electronics & IoT Markets is Driving Growth

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Aug 31, 2017, 08:15 ET

DUBLIN, August 31, 2017 /PRNewswire/ --

The "Circuit Protection Market - Global Forecast to 2022" report has been added to Research and Markets' offering.

According to the author's forecast, the circuit protection market was valued at USD 35.85 Billion in 2015 and is expected to reach USD 53.56 Billion by 2022, at a CAGR of 5.92% between 2016 and 2022. The growth in the automotive electronics and Internet of Things (IoT) markets is driving the growth of the circuit protection market.

This report segments the circuit protection market based on type, device, industry, and geographical regions. On the basis of type, the market has been segmented into overcurrent protection, ESD protection, and overvoltage protection. The most fundamental requirement in any electrical system is the proper overcurrent protection of conductors and equipment. An overcurrent protection device protects the circuit by opening the device when the current reaches a value that would cause an excessive or dangerous temperature rise in conductors. This factor is driving the growth of the market for overvoltage protection.

The circuit protection market, on the basis of device, has been segmented into circuit breakers, fuses, ESD protection devices, and surge protection devices. Electrostatic discharge is common in consumer electronics products, especially in smartphones. With the increasing use of consumer electronics, the demand for ESD protection devices is also rising. This factor is driving the growth of the market for ESD protection devices.

On the basis of industry, the circuit protection market has been segmented into construction, automotive and transportation, electronics and electrical equipment, industrial, energy, and others. The residential and commercial buildings are the major consumers of electricity; this factor is leading to the increasing adoption of circuit protection devices in the construction industry.

Companies Mentioned

ABB Ltd.
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
Siemens AG
Texas Instruments Inc.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Circuit Protection Market, By Type

8 Circuit Protection Market, By Device

9 Circuit Protection Market, By Industry

10 Geographic Analysis

11 Competitive Landscape

12 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/37gsjs/circuit

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SOURCE Research and Markets