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:

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being

Breakup by Type:

Breakup by Device:

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Breakup by Region:

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