The Circuit Protection Market is expanding with demand for reliable safety solutions in automotive, electronics, and industrial applications, driven by IoT and electrification trends. According to the SNS Insider, “The Circuit Protection Market Size was valued at USD 49.28 Billion in 2023 and is expected to reach USD 81.52 Billion by 2032 and grow at a CAGR of 5.79% over the forecast period 2024-2032.”