Global Circuit breaker & fuse Market is valued at USD 6.62 billion in 2016 is anticipated to grow USD 10.3 billion with the compounded annual growth of 5.00% over the forecast period 2017-2025.
New York 29 June 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Circuit breaker & fuse industry is poised to raise USD 10.3 billion by 2025. Some key components for the market development will be; increasing need for Upgradation to efficient networks along with renewable energy connectivity and increasing demand for advanced equipment in electronics, automotive and telecommunication segments owing to increasing safety concerns related to short circuits and damage due to power fluctuations, thus the market for circuit breakers and fuses is rising over the forecast period and increasing usage of circuit breakers and fuses in the automotive industry and rising energy consumption are considered to further raise the demand for these devices.
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Global Circuit breaker & fuse Market Size study By Voltage (High Voltage, Medium Voltage, Low Voltage), By Type (Air, Vacuum, Oil, SF6), By Application (construction, transport, industrial, power generation) and by Regional Forecasts 2017-2025
The industry seems to be fairly competitive. Some of the leading market players include ABB Ltd., Alstom SA, Eaton Corporation, G & W electric company, general electric (GE), Maxwell technologies Ltd and so on. Other market players discussed in the report include Mitsubishi electric, Pennsylvania breaker LLC, Siemens AG, Toshiba Corporation. New product launches, acquisitions, and mergers are some of the strategies adopted by the key manufacturers. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- Increasing urbanization and industrialization in emerging economies such as India, Indonesia, Malaysia and others, is anticipated to further boost the market growth.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation by around XX%
- Rising demand for replacing the conventional mechanical and electromechanical devices across manufacturing and industrial sector is anticipated to drive the demand for this market.
Bizwit Research & Consulting LLP has considered following segments for the study:
- High voltage
- Medium voltage
- Small voltage
- Power generation
- North America
- Asia Pacific
- Latin America
- Rest of the World