회로 보호 시장 보고서 : 유형별, 디바이스별, 최종 용도별, 지역별(2025-2033년)

The global circuit protection market size reached USD 48.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 75.2 Billion by 2033, exhibiting a growth rate (CAGR) of 4.67% during 2025-2033. The widespread adoption of electronic devices, the increasing demand for reliable power systems, rising concerns over equipment safety, the expansion of renewable energy projects, significant advancements in automotive electronics, and the growing need for effective circuit protections are some of the major factors propelling the growth of the market.

Circuit Protection Market Analysis:

• Major Market Drivers: The growing demand for reliable and safe electrical systems in the industrial, residential, and commercial sectors represents a major driver of the market. As the utilization of electronic devices and automation in industries increases, the demand for robust circuit protection solutions becomes critical to prevent equipment damage and operational downtime. The expansion of renewable energy infrastructure, including wind and solar power that requires advanced circuit protection to safeguard electrical components from fluctuations and faults are driving the market growth.
• Key Market Trends: The increasing integration of smart technologies in protection devices represents a key trend in the market. Smart circuit breakers and fuses with monitoring capabilities are becoming popular allowing for real-time diagnostics and predictive maintenance which is further creating a positive circuit protection industry outlook across the globe.
• Geographical Trends: North America accounts for the largest region in the market. The rising demand for advanced electrical infrastructure in sectors such as automotive, industrial automation, and renewable energy is driving the market growth across the region. The market in North America is also driven by the rise of smart homes and IoT devices and stringent safety regulations and standards which are further propelling the adoption of circuit protection solutions in the region.
• Competitive Landscape: Some of the major market players in the circuit protection industry include 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., and Hitachi Ltd., among many others.
• Challenges and Opportunities: The market faces several challenges including the high cost of advanced protection devices and the complexity of integrating these solutions into existing systems. However, the market also faces various opportunities such as the rising demand for renewable energy systems and electric vehicles, which require robust circuit protection.

Circuit Protection Market Trends:

Widespread Adoption of Electronics and Automation

Industries including healthcare, manufacturing, telecommunications, and consumer electronics increasingly rely on complex electronic systems that require reliable circuit protection to prevent damage from electrical faults, overcurrents, and short circuits. According to data from IBEF, by 2025, the Indian appliance and consumer electronics industry market size is projected to be nearly duple in the coming next three years reaching approximately rupees 1.48 lakh crore (US$17. 93 billion). Indian appliances and consumer electronics industry stood at US$ 9.09 billion in 2022 and is projected to more than double to reach rupees 1.48 lakh crore (US$ 21.18 billion) by 2025. As these industries continue to expand and innovate, the demand for advanced circuit protection solutions grows in tandem which is expected to generate circuit protection market revenue significantly.

Expansion of Renewable Energy Infrastructure

Renewable energy sources like solar and wind power present unique challenges, such as variable power loads and environmental conditions, which necessitate specialized circuit protection systems. For instance, in August 2024, the government of Himachal Pradesh, in India, announced that it is advancing green energy projects in remote regions of Una and Spiti to address climate challenges in the state. A key initiative is the development of a mega solar park in Spiti, with a capacity of 1,000 MW of wind energy and hybrid solar situated in Lahaul-Spiti. The government further highlighted that it is asserting on assistance to fully utilize this potential through the Green Corridor Transmission project. According to the circuit protection market forecast, as governments and businesses invest more in green energy projects, the need for robust protection solutions to ensure the safety and efficiency of these installations will become increasingly critical, which is further projected to drive the market further.

Rise of Smart Homes and IoT Devices

As more homes and commercial buildings integrate smart technologies, the demand for sophisticated circuit protection solutions increases to safeguard sensitive electronics and ensure the reliability of interconnected systems. This trend is further amplified by the rising consumer expectation for seamless, uninterrupted functionality in smart devices, driving the need for advanced circuit protection. For instance, in March 2024, Halonix Technologies, a leading provider of lighting and electrical solutions, announced the introduction of its new switchgear line, the "SURE MCB Series." The SURE MCB Series is designed with precision to ensure safety, dependability, and assurance, to raise the standards for electrical circuit protection. A wide variety of goods suitable for commercial, industrial, and household use are offered by this series. Constructed with simplicity of installation and intuitive functionality in mind, the SURE MCB Series is reasonably priced to guarantee accessibility for a wide range of consumers. This is further creating a positive circuit protection market outlook across the globe.

Circuit Protection Market Segmentation:

Breakup by Type:

• Overcurrent Protection
• Electrostatic Discharge (ESD) Protection
• Overvoltage Protection

The demand for overcurrent protection is driven by the increasing use of electronic devices and automation in industries, which require safeguards against electrical faults that can cause equipment damage or fire hazards. As more complex and power-intensive systems are deployed, the need for reliable overcurrent protection to ensure safety and operational continuity is rising which is further driving the circuit protection market growth.

ESD protection is increasingly in demand due to the growing prevalence of sensitive electronic components in consumer electronics, automotive, and industrial applications. Even small electrostatic discharges can damage delicate circuitry, leading to device failure. As devices become more compact and integrated, the need for robust ESD protection becomes essential to maintain product reliability and longevity.

The demand for overvoltage protection is driven by the expansion of renewable energy sources, smart grids, and IoT devices, which are susceptible to voltage spikes. Overvoltage protection is crucial to prevent damage to electronic systems and ensure their safe operation. As power infrastructure becomes more sophisticated, the need for effective overvoltage protection solutions is growing.

Breakup by Device:

• Circuit Breakers
• Fuses
• ESD Protection Devices
• Surge Protection Devices

Circuit Breakers holds the largest share of the industry

The demand for circuit breakers in the circuit protection market is driven by the need for reliable safety mechanisms in electrical systems across residential, commercial, and industrial sectors. As electrical infrastructure expands, particularly with the growth of renewable energy installations and smart grids, circuit breakers are essential to prevent electrical faults, overcurrents, and short circuits. Additionally, advancements in technology have led to the development of smart circuit breakers with enhanced monitoring and control capabilities, further fueling their adoption in modern electrical systems.

Breakup by End-Use:

• Residential Building Construction
• Non-Residential Building Construction
• Automotive
• Electrical and Electronics
• Others

The demand for circuit protection in residential construction is driven by the increasing complexity of home electrical systems, including smart home technologies and renewable energy integration. Ensuring safety and compliance with stringent building codes necessitates reliable circuit protection to prevent electrical fires, overcurrents, and short circuits in homes.

In non-residential construction, the growing complexity of electrical systems in commercial, industrial, and public buildings drives the demand for circuit protection. These buildings often have higher power requirements and sophisticated electrical infrastructure, necessitating advanced protection solutions to ensure operational safety and compliance with industry regulations.

The demand for circuit protection in the automotive sector is fueled by the rise of electric vehicles (EVs) and advanced driver-assistance systems (ADAS). These technologies require robust circuit protection to safeguard sensitive electronic components from overcurrents, overvoltage, and short circuits, ensuring vehicle safety and reliability, thus driving the circuit protection demand.

In the electrical and electronics sector, the miniaturization of components and the proliferation of IoT devices drive the demand for circuit protection. Protecting sensitive electronic circuitry from electrostatic discharge (ESD), overvoltage, and other electrical faults is critical to maintaining device functionality and extending product lifespan.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

North America leads the market, accounting for the largest circuit protection market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America represents the largest regional market for circuit protection.

The rapid adoption of advanced electrical infrastructure across industries such as renewable energy, automotive, and industrial automation. The push for energy efficiency and safety standards has increased the demand for reliable circuit protection solutions. Additionally, the rise of smart homes and IoT devices has further fueled the need for sophisticated protection systems to safeguard sensitive electronics. Government regulations and initiatives promoting the adoption of renewable energy and smart technologies also play a significant role, which is influencing the circuit protection market dynamics across the region. For instance, according to industry reports, the US government has undertaken initiatives to build several megaprojects projects on renewable energy. In August 2024, SunZia Wind Project, the largest renewable energy project in the US, is underway with an $11 billion investment. Champlain Hudson Power Express, a 1,250 MW hydroelectric megaproject, will deliver clean energy from Canada to New York City. Gemini Solar Project, a 690 MW solar farm with a 1,400 MWh battery storage system, is under construction in Nevada.

Competitive Landscape:

• The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the circuit protection industry include 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., and Hitachi Ltd.
• The market for circuit protection is highly competitive, with key players like ABB Ltd., Schneider Electric SE, Siemens AG, and Eaton Corporation dominating the landscape. These companies focus on innovation, offering advanced circuit protection solutions that cater to diverse industries, including energy, automotive, and consumer electronics. According to the circuit protection market insights, intense competition drives continuous product development and strategic acquisitions, while emerging players and regional manufacturers challenge established firms by offering cost-effective solutions. The market's growth is fueled by increasing demand for reliable and efficient protection systems globally. For instance, in March 2024, Schneider Electric launched a new low-voltage air circuit breaker, dubbed MasterPacT MTZ Active, aimed at enhancing power distribution in critical industries, including data centers.

Key Questions Answered in This Report

• 1.How big is the global circuit protection market?
• 2.What is the expected growth rate of the global circuit protection market during 2025-2033?
• 3.What are the key factors driving the global circuit protection market?
• 4.What has been the impact of COVID-19 on the global circuit protection market?
• 5.What is the breakup of the global circuit protection market based on the device?
• 6.What are the key regions in the global circuit protection market?
• 7.Who are the key players/companies in the global circuit protection market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Circuit Protection Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Forecast

6 Market Breakup by Type

• 6.1 Overcurrent Protection
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Electrostatic Discharge (ESD) Protection
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast
• 6.3 Overvoltage Protection
  • 6.3.1 Market Trends
  • 6.3.2 Market Forecast

7 Market Breakup by Device

• 7.1 Circuit Breakers
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Fuses
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast
• 7.3 ESD Protection Devices
  • 7.3.1 Market Trends
  • 7.3.2 Market Forecast
• 7.4 Surge Protection Devices
  • 7.4.1 Market Trends
  • 7.4.2 Market Forecast

8 Market Breakup by End-Use

• 8.1 Residential Building Construction
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Non-Residential Building Construction
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 Automotive
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast
• 8.4 Electrical and Electronics
  • 8.4.1 Market Trends
  • 8.4.2 Market Forecast
• 8.5 Others
  • 8.5.1 Market Trends
  • 8.5.2 Market Forecast

9 Market Breakup by Region

• 9.1 North America
  • 9.1.1 United States
    • 9.1.1.1 Market Trends
    • 9.1.1.2 Market Forecast
  • 9.1.2 Canada
    • 9.1.2.1 Market Trends
    • 9.1.2.2 Market Forecast
• 9.2 Europe
  • 9.2.1 Germany
    • 9.2.1.1 Market Trends
    • 9.2.1.2 Market Forecast
  • 9.2.2 France
    • 9.2.2.1 Market Trends
    • 9.2.2.2 Market Forecast
  • 9.2.3 United Kingdom
    • 9.2.3.1 Market Trends
    • 9.2.3.2 Market Forecast
  • 9.2.4 Italy
    • 9.2.4.1 Market Trends
    • 9.2.4.2 Market Forecast
  • 9.2.5 Spain
    • 9.2.5.1 Market Trends
    • 9.2.5.2 Market Forecast
  • 9.2.6 Russia
    • 9.2.6.1 Market Trends
    • 9.2.6.2 Market Forecast
  • 9.2.7 Others
    • 9.2.7.1 Market Trends
    • 9.2.7.2 Market Forecast
• 9.3 Asia Pacific
  • 9.3.1 China
    • 9.3.1.1 Market Trends
    • 9.3.1.2 Market Forecast
  • 9.3.2 Japan
    • 9.3.2.1 Market Trends
    • 9.3.2.2 Market Forecast
  • 9.3.3 India
    • 9.3.3.1 Market Trends
    • 9.3.3.2 Market Forecast
  • 9.3.4 South Korea
    • 9.3.4.1 Market Trends
    • 9.3.4.2 Market Forecast
  • 9.3.5 Australia
    • 9.3.5.1 Market Trends
    • 9.3.5.2 Market Forecast
  • 9.3.6 Indonesia
    • 9.3.6.1 Market Trends
    • 9.3.6.2 Market Forecast
  • 9.3.7 Others
    • 9.3.7.1 Market Trends
    • 9.3.7.2 Market Forecast
• 9.4 Latin America
  • 9.4.1 Brazil
    • 9.4.1.1 Market Trends
    • 9.4.1.2 Market Forecast
  • 9.4.2 Mexico
    • 9.4.2.1 Market Trends
    • 9.4.2.2 Market Forecast
  • 9.4.3 Others
    • 9.4.3.1 Market Trends
    • 9.4.3.2 Market Forecast
• 9.5 Middle East and Africa
  • 9.5.1 Market Trends
  • 9.5.2 Market Breakup by Country
  • 9.5.3 Market Forecast

10 SWOT Analysis

• 10.1 Overview
• 10.2 Strengths
• 10.3 Weaknesses
• 10.4 Opportunities
• 10.5 Threats

11 Value Chain Analysis

• 11.1 Overview
• 11.2 Research & Product Development
• 11.3 Manufacturing
• 11.4 Distribution
• 11.5 Marketing & Sales
• 11.6 End Users

12 Porters Five Forces Analysis

• 12.1 Overview
• 12.2 Bargaining Power of Buyers
• 12.3 Bargaining Power of Suppliers
• 12.4 Degree of Competition
• 12.5 Threat of New Entrants
• 12.6 Threat of Substitutes

13 Price Indicators

14 Competitive Landscape

• 14.1 Market Structure
• 14.2 Key Players
• 14.3 Profiles of Key Players
  • 14.3.1 ABB Ltd.
    • 14.3.1.1 Company Overview
    • 14.3.1.2 Product Portfolio
    • 14.3.1.3 Financials
    • 14.3.1.4 SWOT Analysis
  • 14.3.2 Bel Fuse Inc.
    • 14.3.2.1 Company Overview
    • 14.3.2.2 Product Portfolio
    • 14.3.2.3 Financials
    • 14.3.2.4 SWOT Analysis
  • 14.3.3 Eaton Corporation PLC
    • 14.3.3.1 Company Overview
    • 14.3.3.2 Product Portfolio
    • 14.3.3.3 Financials
    • 14.3.3.4 SWOT Analysis
  • 14.3.4 General Electric Company
    • 14.3.4.1 Company Overview
    • 14.3.4.2 Product Portfolio
    • 14.3.4.3 Financials
    • 14.3.4.4 SWOT Analysis
  • 14.3.5 Larsen & Toubro Ltd.
    • 14.3.5.1 Company Overview
    • 14.3.5.2 Product Portfolio
    • 14.3.5.3 Financials
    • 14.3.5.4 SWOT Analysis
  • 14.3.6 Mitsubishi Electric Corp.
    • 14.3.6.1 Company Overview
    • 14.3.6.2 Product Portfolio
    • 14.3.6.3 Financials
    • 14.3.6.4 SWOT Analysis
  • 14.3.7 NXP Semiconductors N.V.
    • 14.3.7.1 Company Overview
    • 14.3.7.2 Product Portfolio
    • 14.3.7.3 Financials
    • 14.3.7.4 SWOT Analysis
  • 14.3.8 ON Semiconductor Corp.
    • 14.3.8.1 Company Overview
    • 14.3.8.2 Product Portfolio
    • 14.3.8.3 Financials
    • 14.3.8.4 SWOT Analysis
  • 14.3.9 Rockwell Automation Inc.
    • 14.3.9.1 Company Overview
    • 14.3.9.2 Product Portfolio
    • 14.3.9.3 Financials
    • 14.3.9.4 SWOT Analysis
  • 14.3.10 Schneider Electric SE
    • 14.3.10.1 Company Overview
    • 14.3.10.2 Product Portfolio
  • 14.3.11 Siemens AG
    • 14.3.11.1 Company Overview
    • 14.3.11.2 Product Portfolio
    • 14.3.11.3 Financials
    • 14.3.11.4 SWOT Analysis
  • 14.3.12 Texas Instruments Inc.
    • 14.3.12.1 Company Overview
    • 14.3.12.2 Product Portfolio
    • 14.3.12.3 Financials
    • 14.3.12.4 SWOT Analysis
  • 14.3.13 Hitachi Ltd.
    • 14.3.13.1 Company Overview
    • 14.3.13.2 Product Portfolio