Mexico Circuit Protection Market Size & Outlook, 2022-2030

The circuit protection market in Mexico is expected to reach a projected revenue of US$ 2,651.3 million by 2030. A compound annual growth rate of 5.1% is expected of Mexico circuit protection market from 2023 to 2030.
Revenue, 2022 (US$M)
$1,775.4
Forecast, 2030 (US$M)
$2,651.3
CAGR, 2023 - 2030
5.1%
Report Coverage
Mexico

Mexico circuit protection market highlights

  • The Mexico circuit protection market generated a revenue of USD 1,775.4 million in 2022 and is expected to reach USD 2,651.3 million by 2030.
  • The Mexico market is expected to grow at a CAGR of 5.1% from 2023 to 2030.
  • In terms of segment, circuit breaker was the largest revenue generating product in 2022.
  • HD Pro is the most lucrative product segment registering the fastest growth during the forecast period.


Circuit protection market data book summary

Market revenue in 2022USD 1,775.4 million
Market revenue in 2030USD 2,651.3 million
Growth rate5.1% (CAGR from 2022 to 2030)
Largest segmentCircuit breaker
Fastest growing segmentHD Pro
Historical data2016 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationCircuit Breaker, Fuse, GFCI, HD Pro, Inrush Current Limiter, Mobile Power Protection, Overvoltage Protection, PTC Devices
Key market players worldwideABB Ltd, Bel Fuse Inc Class A, Schneider Electric SE, Mitsubishi Electric Corp, Eaton Corp PLC, Portland General Electric Co, Siemens AG, Rockwell Automation Inc, Larsen & Toubro Ltd DR, NXP Semiconductors NV, Sensata Technologies Holding PLC, Texas Instruments Inc, SCHURTER


Other key industry trends

  • In terms of revenue, Mexico accounted for 3.8% of the global circuit protection market in 2022.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In North America, U.S. circuit protection market is projected to lead the regional market in terms of revenue in 2030.
  • Canada is the fastest growing regional market in North America and is projected to reach USD 3,887.3 million by 2030.

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Circuit Protection Market Companies

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Mexico circuit protection market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to circuit protection market will help companies and investors design strategic landscapes.


Circuit breaker was the largest segment with a revenue share of 21.83% in 2022. Horizon Databook has segmented the Mexico circuit protection market based on circuit breaker, fuse, gfci, hd pro, inrush current limiter, mobile power protection, overvoltage protection, ptc devices covering the revenue growth of each sub-segment from 2016 to 2030.


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Target buyers of Mexico circuit protection market databook

  • Our clientele includes a mix of circuit protection market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico circuit protection market, including forecasts for subscribers. This country databook contains high-level insights into Mexico circuit protection market from 2016 to 2030, including revenue numbers, major trends, and company profiles.

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Mexico circuit protection market report size, by product, 2016-2030 (US$M)

Mexico Circuit Protection Market Share, 2022 & 2030 (US$M)

Mexico circuit protection market report size, by product, 2016-2030 (US$M)

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