Friday, March 29, 2024

Email id: support@kenresearch.com, Contact Us : +91-9871552944

Home Energy and Utilities Global Circuit Protection Components Market, Global Circuit Protection Components Industry: Ken Research

Global Circuit Protection Components Market, Global Circuit Protection Components Industry: Ken Research

Circuit protection components are used to safeguard low voltage devices from the latch ups or damage caused by lightning or electrostatic discharge (ESD). The main goal of circuit protection components are safety and reliability. Safety is assured by these components by disconnecting power in the circuit in case of overvoltage or over-current that further eliminates the electrocution and fire threats. A circuit breaker or fuse is generally installed as circuit protection components to prevent the wire conductor from overheating & damaging the electronic equipment or circuitry. Circuit protection components are integrated into different types of equipment including cell phones, medical equipment, computers & laptops, game systems, DVD players, battery packs, ATM machines, computer peripherals, modems, wireless communication systems, set top boxes, portable electronics, and network systems to avoid the reduction in lifespan and for better efficiency. In the automotive vehicles, circuit protection components are usually used to enhance the driving assistance, passenger comfort, and safety.

As per analysis, Global Circuit Protection Components Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use the key companies operating in the global circuit protection components market include Thinking Electronics, Littelfuse, INPAQ, TA-I Technology, Brightking, Amotech, Sunlord Electronics, Polytronics, TE, Lite-on Semiconductor, Dongguang Micro-Electronics, Changyuan Wayon, Amotech, Sunlord Electronics, TDK-EPCOS, Shanghai Keter Polymer Material, Ningbo Nenshi Communications Equipment, Zhenjiang Hiya Electron, Changyuan Wayon, Shenzhen Bencent Electronics, Xinxing Electronic Ceramics, Epcos Electronics, Changzhou Guangda Electron and among others. Leading companies are increasingly focusing on providing a series of products catering to the automotive electronics segment to meet the sturdy demand for advanced circuit protection devices to safeguard the sensitive & costly automobile electronic components.

Based on type, circuit protection components market is segmented as overvoltage protection component and over-current protection component. In addition, based on application, market is segmented as PC, mobile phone, automotive electronics and high-power LED lighting.

The circuit protection components market is driven by growth of the global electronics industry, followed by rise in consumption of electricity among consumers, increase in popularity of slim & smart portable appliances and rise in consumer awareness regarding the quality & standards of electronics products, rapid growth of smart portable appliances with faster processors, better power densities, improved sensitivity, and extended battery life. Apart from this, strict government regulations pertaining to use of SF6 circuit breaker technology and rise in prices of raw materials used in circuit protection devices may impact the market. Moreover, Internet-of-Things (IoT) technology applications in which smart-sensors are used to streamline data collection is likely to present huge market growth opportunity.

Based on geography, the North-America region holds major share in global circuit protection components market owing to up-gradation of the aging power grid infrastructure and rise in demand for automotive electronics applications across the region. The Europe and Asia-Pacific regions are anticipated to exhibit substantial growth rate due to continued expansion of construction industry over the forecast period. It is estimated that future of the global circuit protection components market will be bright caused by rapid industrialization & urbanization in the developing nations coupled with growth in applications in smart devices during the forecast period.

For More Information, refer to below link:-

Global Circuit Protection Components Market

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

RELATED ARTICLES

Driving Forces and Future Outlook of the US Dry Type Transformer Market

Buy Now What is the Size of US Dry Type Transformer Industry? US Dry Type Transformer Market is expected to grow at a CAGR of ~%...

How Hitachi’s new technology will dominate the US dry type transformers market

Buy Now One of the leading players in transformer industry is Hitachi, which has been coming up with various new technological innovations with dry type...

US Dry type transformers Market expected to grow with CAGR of ~2% by 2028

Buy Now Dry type transformers are the trending transformers, which are hyping in the market, as they do not require cooling since their windings are...

Most Popular

From Onboarding to Upskilling: Decode Growth Drivers in the Global Corporate Training Market

The corporate training market plays a pivotal role in empowering businesses to thrive in today's dynamic and competitive environment. By equipping employees with the...

Analyzing the Skin Whitening Market Size, Trends and Future Forecast 2032

The global skin whitening market is a complex and controversial landscape. While some regions see it as a path to achieving a coveted "fair"...

From Humble Beginnings to a $52 Billion Boom: Unveil Opportunities in India’s Booming Interior Design Market

India's interior designing market is witnessing a remarkable transformation, driven by various factors. This blog delves into the market size, growth projections, key trends,...

Smartphone Industry Insights: Navigating Growth, Trends, and Opportunities

The smartphone industry is a juggernaut, weaving itself into the fabric of our daily lives. From communication to commerce and entertainment, these pocket-sized powerhouses...