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.
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
No comments:
Post a Comment