A recent report published by Infinium Global Research on circuit breakers and fuses market provides an in-depth analysis of segments and sub-segments in the global as well as regional circuit breakers and fuses market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional circuit breakers and fuses market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global circuit breakers and fuses market. According to the report, the global circuit breakers and fuses market is projected to grow at a CAGR of 5.2% over the forecast period of 2019-2025.
The circuit breaker is a switching device designed to protect an electrical circuit from damage caused by the excess current when faced with short circuit or overload. There are different types of circuit breaker which based on voltage, external design, installation location. however, the fuse is designed to provide overcurrent protection of an electrical circuit. Eventually, circuit breaker and fuse are used as a safety precaution.
The increasing concern regarding short circuits and damage due to power fluctuations is a major factor drives the growth of the circuit breaker and fuse market. Additionally, the growing application from various end-user industries such as the automotive industry, construction industry, consumer electronics, and power generation industry is another factor contributes to the growing market. furthermore, the installation of new energy infrastructure in developing countries along with the increased need for advanced transmission and distribution equipment is likely to cater to the growth opportunities for the circuit breaker and fuse market in the coming years. Moreover, circuit breakers and fuses are widely used in commercial and residential projects. In addition to that, large spending on housing, airport development, water supply, rail transport, and roads is expected to boost the circuit breaker and fuse market throughout the forecast period.
Geographically, the global Circuit breaker and fuse market are segmented into North America, Europe, Asia Pacific, and RoW. North America is dominating the global Circuit breaker and fuse market throughout the forecast period. The growth in construction activities coupled with a growing adoption rate of renewable power generation sources such as solar and wind led the demand of the market in the North America region. Furthermore, the Governments in Europe has taken initiative regarding the development of electricity networks, which in turn, escalating the demand for the market in the Europe region. On the other hand, the Asia Pacific region is expected to register a strong growth rate in this market over the forecast period. The factor such as growth in end-user industries along with growing demand for electricity due to rapid urbanization is expected to contribute to the market growth in the Asia Pacific region.
The report on global circuit breakers and fuses market covers segments such as product type, and end-user. On the basis of product type, the sub-markets include circuit breaker, and fuse. On the basis of end-user, the sub-markets include process industry, vehicle production, machinery, and rail.
The report provides profiles of the companies in the market such as Siemens AG, Pennsylvania Breaker LLC, Schneider Electric SE, Maxwell Technologies GmbH, General Electric Company, Mitsubishi Electric Corporation, G&W Electric Co., Eaton Corporation Inc., Alstom SA, and Toshiba Corporation.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of circuit breakers and fuses market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.