Market Share of Circuit Protection Components Industry
The circuit protection components market is moderately fragmented and has several major players. These vendors with significant shares in the market are focusing on expanding their customer base across foreign countries. These companies leverage strategic collaborative initiatives to increase their market shares and profitability.
In May 2023, ProTek Devices announced the launch of a high-powered TVS array for board-level circuit protection in mobile devices, USB fast-charging voltage buses, batteries, and industrial equipment. The newly launched device intends to protect sensitive electronics from latch-up or damage due to electrical overstress, CDE, lightning, and ESD.
In November 2022, Siemens announced that it was expanding its generator circuit-breaker portfolio with a new compact version, the HB1-Compact (HB1-C). The versatile and highly customizable solution uses maintenance-free vacuum switching technology. These developments from vendors were expected to also drive the study market.
Circuit Protection Components Market Leaders
ABB Ltd.
Siemens AG
Eaton Corporation PLC
Schneider Electric SE
General Electric Company
*Disclaimer: Major Players sorted in no particular order
