Circuit Protection Market To Witness A Significant Growth Of USD 72,677.3 Million By 2030
San Francisco, 31 Jan 2024: The Report Circuit Protection Market Size, Share & Trends Analysis Report By Product (Circuit Breaker, Fuse, Inrush Current Limiter, Mobile Power Protection), By Channel, By Application, By Region, And Segment Forecasts, 2023 - 2030 The global circuit protection market size is expected to reach USD 72,677.3 million by 2030 registering a CAGR of 5.9 from 2023 to 2030 according to a new study by Grand View Research, Inc. The primary drivers of the global market growth include expanding energy infrastructure development activities, the necessity of revamping the power transmission and distribution network, and a focus on creating new energy connectivity. Additionally, in order to protect the machinery from the probability of power fluctuation and short circuits, there is an increasing demand for advanced circuit protection equipment throughout industry verticals, including electronics, communications, and automotive. The growth of the global market is