Circuit Breakers and Fuses Market is Expected to Rise at a Remarkable CAGR During 2016 to 2024
Deerfield Beach, FL -- (SBWIRE) -- 02/24/2017 -- Circuit Breakers and Fuses Market: Overview
Circuit breakers and fuses are automatic electronic components. It works as a protector from overloaded electrical circuit by interrupting the continuity, or the flow of electricity. Circuit breakers and fuses break the continuity in case of power overload or short circuit and safeguard electrical equipments. Fuses are made up of metal wire that melts by overheating in case of power overload and circuit breakers function through an internal switch mechanism that is tripped by precarious flow of electricity. Circuit breakers and fuses are extensively used in various applications like construction industry, automotive industry, consumer electronics and power industry among others.
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Circuit Breakers and Fuses Market: Growth Factors
The major driving factor for the global circuit breakers and fuses market is rapidly advancing industrial and construction industry across the globe. Another key driving factor is raising demand for energy consumption among the consumers in remote areas. Government initiatives and support has provided strong boost to circuit breakers and fuses market in Asia Pacific and North America regions. Advancement in technology to provide better energy installation and generation services are expected to fuel the circuit breakers and fuses market over the forecast period. In addition, high competition among the participants on cost of circuit and fuses is expected to hamper the growth of circuit breakers and fuses market.
In order to give the users of this report a comprehensive view on the circuit breakers and fuses industry, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter's Five Forces model for the circuit breakers and fuses market has also been included. The study encompasses a market attractiveness analysis, wherein type segments and applications segments are benchmarked based on their market size, growth rate and general attractiveness.
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The study provides a decisive view on the circuit breakers and fuses market by segmenting the market based on applications. All the application segments have been analyzed based on present and future trends and the market is estimated from 2014 to 2020. Key type segmented market covered under this study includes air, vacuum, oil, SF6 and other. Key voltage segmented market covered under this study includes low voltage, medium voltage and high voltage. Key application segments covered under this study includes construction, automotive, industrial, consumer electronics, power generation and others. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East and Africa with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India and Brazil. This segmentation includes demand for circuit breakers and fuses based on individual applications in all the regions and countries.
Circuit Breakers and Fuses Market: Competitive Players
Some of the key player for globe circuit breakers and fuses market includes ABB Ltd., Alstom SA., Eaton Corporation, G&W Electrics Company, General Electric Corp., Siemens AG, Schneider Electrics SE, Pennsylvania Breaker LLC, Toshiba Corporation, Maxwell Technologies Ltd and Mitsubishi Electric.
This report segments the global circuit breakers and fuses market as follows:
Circuit Breakers and Fuses Market: Type Segment Analysis
Global circuit breakers market, by type
Air circuit breakers
Vacuum circuit breakers
Oil circuit breakers
SF6 circuit breakers
Other media circuit breakers (CO2, DCB and Hybrid)
Global circuit breakers market, by voltage level
Low voltage circuit breakers
Medium voltage circuit breakers
High voltage circuit breakers
Global fuses market, by voltage level
Low voltage fuses
High voltage fuses
Circuit Breakers and Fuses Market: Application Segment Analysis
Others (healthcare and military)
Circuit Breakers and Fuses Market: Regional Segment Analysis
Middle East & Africa
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