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Circuit Breakers Fuses Market

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Circuit breakers are electric switches which operate automatically to protect the electric circuit from damage by turning itself on/off when faced with overload or short circuit.
Circuit Breakers Fuses Market to Reach a Valuation of USD 31.11 Billion in 2021
According to a new market report published by Transparency Market Research “Circuit
Breakers and Fuses Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast 2015 - 2021,” the circuit breakers and fuses market was valued at USD 20.75
billion in 2014, which is expected to reach USD 31.11 billion by 2021, growing at a CAGR
of 6% from 2015 to 2021.
Circuit breakers are electric switches which operate automatically to protect the electric
circuit from damage by turning itself on/off when faced with overload or short circuit. The
basic function of the circuit breaker is to identify any malfunctioning and breakup in the
current flow. Whereas fuses are a kind of low resistance resistor which acts as a sacrificial
appliance designed to protect overcorrect protection from either load or short circuit.
Growth of industrial and construction industry in emerging markets and increasing demand
for electricity and reliable power delivery are factors driving the circuit breakers and fuses
market. Moreover, electronic devices are vulnerable to failure due to power fluctuations.
Private agencies and governments around the world have recommended and mandated
the incorporation of device protection components such as fuses and circuit breakers in
electronic devices.
Geographically the circuit breakers and fuses market has been broadly segmented into
North America, Europe, Asia Pacific and Rest of the World (RoW). In 2014 North America
was the largest contributor in the circuit breaker and fuses market. The North America
market accounted for 34.8% of the total market share. The market for circuit breakers and
fuses in North America is likely to grow significantly in the future due to rising demand for
electricity.
The global circuit breaker and fuses market is segmented by the voltage level of
installation into low, medium and high voltage circuit breakers. By arc quenching media
type the circuit breaker market can be segmented into air, vacuum, oil and SF6 circuit
breakers. Further, the fuses market is segmented into low voltage fuses and high voltage
fuses. The low voltage fuses are further segmented into Plug-in fuses and cartridge fuses.
The low voltage circuit breakers were a major contributor in the global circuit breakers and
fuses market in 2014. This growth is attributed to vast and rapid development of power
grids.
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The global circuit breaker and fuses market by industrial application has been segmented
into: construction, automotive, industrial, consumer electronics, power generation,
healthcare and military. The power generation segment was the largest contributor in the
circuit breakers and fuses market. In 2014 the power generation segment amounted for
USD 5.41 billion. There is growth in demand for efficient and smart power generation
which is required to address the futuristic demand for electricity. As power generation
increases, the market for protection devices such as circuit breakers and fuses is expected
to grow.
Key players in the circuit breakers and fuses market are ABB Ltd. (Switzerland), Alstom
SA. (France), Eaton Corporation (Ireland), G&W Electrics Company (U.S), General
Electric Corp. (U.S), Siemens AG (Germany), Schneider Electrics SE (France),
Pennsylvania Breaker LLC (U.S.), Toshiba Corporation (Japan), Maxwell Technologies Ltd
(U.S.) and Mitsubishi Electric (Japan) among others. This report provides strategic
analysis of the circuit breaker and fuses market and the growth forecast for the period
2015 to 2021. The report covers competitive analysis of various market segments based
on the type of circuit breakers and fuses, industry applications and in depth cross section
analysis of circuit breakers and fuses market across different geographic segments.
Author
ashutosh
ashutosh164   documents Email
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Category
Business and Leadership
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41 KB
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market, Circuit Breakers and Fuses Market
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