Global Circuit Breaker and Fuse Market– Industry Trends and Forecast to 2025

Market Analysis: Global Circuit Breaker and Fuse Market

The Global Circuit Breaker and Fuse Market is expected to reach USD 9.9 billion by 2025 from USD 6.7 billion in 2017 and is projected to grow at a CAGR of 5.9% in the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Market Definition: Global Circuit Breaker and Fuse Market

Circuit breaker is defined as an automatic device for electric circuits and fuses which is made of a piece of metal. It is operated as an electrical switch for proper current flow in an electric circuit as a safety measure.It is use as a safety precaution in which current flow through a circuit. It has various advantages which include fuse signifying less expensive route for over current protection. It can be said that the fuses are more accurate and reliable than circuit breakers. Fuse provides greater incentive for rectifying the reason of a failure than a tripped circuit breaker. It is widely applicable in many industries such as transmission & distribution utilities, power generation, renewable, and railways. For instance, in 2018 Carling Technologies launched temperature stable circuit breakers for maximum circuit protection in signalling and infrastructure applications. It is used in railway industry for its high-quality performance in even the most extreme operating environments. Furthermore, in 2017, Marathon Special Products launched “FDS-30-C-X” for the industrial control. This new Fused Disconnect Switch (FDS) series helps to connect the switch functionality of a circuit breaker to the high-protection level of a CC fuse.

Market Drivers and Restraints:

Continued growth of construction and developmental activities
Rising access to electricity in developing countries
Advancement in renewable power generation
Stringent Environmental & Safety Regulations for Sf6 Circuit Breakers
Increasing competition from the unorganized sector

Market Segmentation: Global Circuit Breaker and Fuse Market

The market is based on voltage, type, end-use and geographical segments.
Based on voltage, the market is segmented into high voltage and medium voltage.
Based on type, the market is segmented into outdoor circuit breaker and indoor circuit breaker.
Based on end-use, the market is segmented into transmission & distribution utilities, power generation, renewables and railways.
Based on geography, the market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

Competitive Analysis: Global Circuit Breaker and Fuse Market

The global circuit breaker market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of circuit breaker and fuse market for global, Europe, North America, Asia Pacific and South America.

Siemens deals with circuit breakers to protect against severe electrical shock or electrocution. It helps to mitigate the risk of electrical fires and protects against voltage spikes and damaging surges.

Key Players: Global Circuit Breaker and Fuse Market

The renowned players in Circuit breaker and fuse  market are Larsen & Toubro, The Benchmarking Company,ABB, Siemens AG, Eaton, Schneider Electric, Mitsubishi Motors North America, Inc. , Toshiba Corporation., Powell Industries., TE Connectivity, Crompton Greaves, Fuji Electric, Larsen & Toubro, Tavrida Electric, Claranet Group, General Electric, G&W Electric Company, Maxwell Technologies Ltd, Pennsylvania Breaker LLC, Alstom SA   and many more.           

Research Methodology: Global Circuit Breaker and Fuse Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. 

Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.

Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other

Global Circuit Breaker and Fuse Market– Industry Trends and Forecast to 2025