Circuit Breaker & Fuses Market

Circuit Breaker & Fuses Market Size and Growth Rate:

Circuit Breaker & Fuses Market size is anticipated to reach USD 19.41 billion by 2026 according to a new research report. Various initiatives to renovate existing power grid and installation of new smart and green substations is driving the circuit breaker and fuses market in near future. In addition, technological advancement will also encourage sales volume of circuit breakers in different applications, such factors have highly propelled circuit breaker & fuses market worldwide. However, Stringent government regulations and intense competition from local players are some of the factors that could affect the growth of the market.

Circuit Breaker & Fuses Market Growth Factors:

With the growing number of smart cities around the globe, the need for new and intelligent infrastructure to meet the advanced requirements of residents and businesses is also increasing. An effective way to support these city goals is by using technology which supports power conservation, and optimize and control key systems and infrastructure. The growing number of smart cities and green constructions is influencing the circuit breaker and fuses market congruently. Apart from this, market is projected to witness a high growth on the account of increasing substantially big residential and construction activities, and up-gradation of electrical power distribution infrastructure in the commercial and industrial sector. It is expected that by 2050, more than two-third of world population will be living in cities and these cities will be fully electrified. This increase in power transmission will boost the market, which is primary choice for power transmission and distribution among various end-user.

Circuit Breaker & Fuses Market Major Key Players are mentioned in this Report:

• ABB Ltd.
• Eaton Corporation
• Alstom SA
• Schneider Electric
• General Electric
• Mitsubishi Electric
• Siemens AG
• Eaton Corporation Plc
• Toshiba Corporation
• Maxwell Technologies
• Among others.

Circuit Breaker & Fuses Market Detailed Segmentation:

Circuit Breaker & Fuses Market – By Voltage:

• High Voltage
• Medium Voltage
• Low Voltage

Circuit Breaker & Fuses Market – By Application:

• Power Generation
• Power Transmission & Distribution
• Construction
• Industrial
• Transportation and Others

Circuit Breaker & Fuses Market – By Geographical Segmentation:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
• Rest of the World

Circuit Breaker & Fuses Market Region Overview:

Currently, the APAC region dominates the global circuit breaker & fuses market attributed due to the aggressive renewal activity of age-old electrical infrastructure is going on in different developing countries with the increasing demand of power. Circuit breaker & fuses providers in the region, and robust technical adoption base. However, with global power demand and spending both is increasing significantly over last few years, the trend is more specific in developing region especially in countries of APAC and MEA.

Key Factors of Circuit Breaker & Fuses Market:

• Some of the key factors influencing this growth are increasing per capita income and government initiations with respect to rising urbanization and industrialization.
• In the past few years, APAC has become an industrial hub and is still in its growing phase.
• Rising power demand in Asia Pacific and Middle East has not only led to higher power production but also changes in consumption patterns.