Global circuit breaker and fuse market are expected to reach USD 24.96 Billion by 2025 at a CAGR of 6.34% during the forecast period from 2018-2025. The key contributing factors for the market growth are 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 and rise in the development of construction & developmental activities
A circuit breaker is an automatically operated electrical switch which helps to protect an electrical circuit from any harm caused by excess current from an overload or short out. Its main aim is to discontinue current flow after a fault is detected in a circuit. A fuse is electrical safety equipment which provides overcurrent protection of an electrical circuit. Infuse, the main element is a metal wire or a strip which melts when overcurrent flows over it. The main difference between fuse and circuit breaker is that fuse is a sacrificial device once a fuse has worked it is an open circuit, but in a circuit breaker, we can reorganize to resume operations normally. Circuit Breaker and Fuse help to provide programmed inquiry and inspection of various items based on pictures for different fuse product types, for example, process control, programmed review, and robot direction. This circuit breaker product type provides visual quality assurance (QA) with autonomous circuit breaker and fuse that uses plug & inspect technology. Circuit breaker and fuse system have developed a superior observing system and mechanized direction for the mechanical robots
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- The base year for the study has been considered 2017, the historic year 2015 and 2016 and, the forecast period considered is from 2018 to 2025. The circuit breaker and fuse market are analyzed by value (USD Million) and volume (Thousands).
- The study delivers a comprehensive analysis of global circuit breaker and fuse market by voltage, circuit breaker product type, fuse product type, TAM medium voltage fuses type, TAM DC circuit breakers type, end use and regions.
- The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2018 to 2025.
- Porter’s Five Forces model is used to recognize the competitive scenario in the global circuit breaker and fuse market. This report incorporates the TAM Medium Voltage Fuses Type analysis which is focused on providing an extensive view of the circuit breaker and fuse market.
- The study also includes attractiveness analysis of voltage, circuit breaker product type, fuse product type, TAM medium voltage fuses type, TAM DC circuit breakers type, end use and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
- The report provides company profile of the key players operating in the circuit breaker and fuse market and a comparative analysis based on their business overviews, industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
- The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.
- Rising 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
- Increase in development of construction & developmental activities
- The improved infrastructure of electricity in developing countries
- Development in renewable power generation
- Strict environmental & safety policies for Sf6 circuit breakers
- The rise in competition from the unorganized sector of the circuit breaker market
- Focus towards smart cities
- Aging power infrastructure
- Threats related to cybersecurity
Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. Asia Pacific held the largest market share of approximately43.50% in 2017.The Asia Pacific region is a dominant region in terms of shares due to the up gradation of aging electrical grid infrastructure and rise in electricity demand in the region.
The major players of market include ABB, Siemens Ltd., Eaton, Scheinder Electric, Powell Electronics, Inc. , TE Connectivity, HAWKER SIDDELEY SWITCHGEAR, Tavrida Electric, Legrand and others.
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