- The key vendors in the global circuit protection market 2015-2019 are ABB, AVX Corp., Bel Fuse Inc., Eaton, Littelfuse, Mitsubishi Electric and Siemens
London, 13 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global circuit protection market 2015-2019. The global Internet of Things market is gaining momentum and providing a good growth opportunity to the global circuit protection market. Advanced communications systems and multiple operations devices that are used by these industries and are part of Internet of Things need a high level of circuit protection. The global circuit protection market 2015-2019 is expected to grow at a CAGR of 5.49% during the period of 2014-2019.
The market is expected to grow during the forecast period owing to the need to meet the rising electricity demand and revamp existing power grids and because of the growth in the construction, automotive, and electronics and electrical industries.
“The market is growing in response to the growing requirements of the automotive industry. Auto manufacturers are focusing their efforts on designing vehicles with fuses in every wire in order to provide the utmost protection against any kind of voltage spike,” says Faisal Ghaus, Vice President of Technavio Research.
“Vehicles being introduced in the market are becoming more complex and fuses of various sizes are required to fit the design spec, which gives circuit protection vendors the opportunity to benefit from providing a continuous flow of different products to the automotive industry.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
