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Circuit Breaker Market Driven by Increased Power Consumption Worldwide

Published By: IndustryARC Published On : 16-Apr-2019

Essentiality of innovation in circuit breaker technology to meet the rising demands of renewables, electrification of means of transport and modern edge grids, supported the IndustryARC to opinion that the global circuit breaker market is in good stead. The report has estimated the global circuit breaker market value at $7.12 billion in 2018, projected it to grow at a CAGR of 4.07% over the the forecast period 2019-2025.

The report is titled: “

Circuit Breaker Market: By Applications (Automotive Transportation Equipment, Residential Building Construction, Electronics & Electrical Equipment, Others) Voltage Level (High, Medium & Low Voltage); By Type (SF6, Vacuum Circuit Breaker & Others); By End-users (Residential, Commercial, Industrial & Others) – Forecast (2019-2025)

.” This business intelligence the report provides information regarding the market trends, market growth drivers, market opportunities for new players, competitive landscape of major and minor players operating in the circuit breaker market.

 

Global Circuit Breaker Market: Demand Analysis

Circuit breakers play a vital role in the electrical distribution systems. They comprise of protective relays, current transformers, and internal control power source. SF6 circuit breakers and common trip breakers are the two main types of circuit breakers among other types. Low voltage circuit breaker (LVCB), high voltage circuit breaker (HVCB), and medium voltage circuit breaker (MVCB) differ based on varied voltage level. MVCB is majorly used in substation automation and also for indoor use.

 

Global Circuit Breaker Market: Leading Segments

In 2017, a rise in the global electricity production was noted in which Asia held a leading share due to the contribution of the fast development of generating capacities of China. Asian countries such as China, India, and Japan held Three-fourth [HS1] rise in global electricity production. With government policies encouraging the power sector, the investors are concentrating on ensuring electricity security. These factors altogether in return increased the regional share of APAC in the global circuit breakers market to 37.71% in 2018. 

The primary usage of circuit breakers in commercial complexes is to automatically halt the electrical circuit in case of an overload, and also to prevent the electrical fire. As it is particularly important to operate a huge amount of electricity over the building which consists of several floors that use different levels of power consumption. Thus, it is necessary to maintain the circuit breaker which handles much greater electrical capacity. Smarter and reliable miniature circuit breakers (MCBs) are mostly used in light commercial applications such as lighting and domestic appliances. Therefore, commercial application is evaluated to grow at a CAGR of 2.67% throughout the aforementioned period as they use much energy on a daily basis.

 

Global Circuit Breaker Market: Disruptive Trends

o   The necessity of solid state circuit breaker to meet the demand by the next generation power applications in this digital era is in trend.

o   The requirement to improve the performance of industrial battery storage solutions and renewable energy solutions.

o   Advancements in solid-state technology enhanced the efficiency of a circuit breaker in monitoring and controlling power consumption thus it is gaining traction of circuit breaker manufacturers.

o   Flexible power systems support to the digitalized electricity systems helps to evolve the demand for electricity worldwide. Thus it requires effective circuit breaker for a smooth current flow in the power systems.

 

Global Circuit Breaker Market: Competitive Landscape

Some of the key players with largest market share were listed as per the global circuit breaker market report are ABB, Powell, TE Connectivity, Mitsubishi, Toshiba, Fuji Electric, Siemens, Eaton, and Schneider Electric

 

Talk to one of our sales representative about the full report by providing your details in the link below:

https://industryarc.com/support.php?id=15294

 

Related Report

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A.   

Generator Circuit Breaker Market

https://industryarc.com/Report/15069/generator-circuit-breaker-market.html

B.    

Molded Case Circuit Breakers Market

https://industryarc.com/Research/Molded-Case-Circuit-Breakers-Market-Research-504772

C.   

Circuit Breaker, Thermistor & Fuse Market

https://industryarc.com/Report/15003/circuitbreaker-thermistor-fuse-market.html

D.   

Mining Drills And Breakers Market

https://industryarc.com/Research/Mining-Drills-And-Breakers-Market-Research-503513

 

What can you expect from the report?

The circuit breaker market is prepared with the main agenda to cover the following 20 points:

 

1. Market Size by Product Categories & Application            11. Demand Analysis (Revenue & Volume)

2. Market trends & Relevant Market Data                            12. Country level Analysis

3. Manufacturer Landscape                                                   13. Competitor Analysis

4. Distributor Landscape                                                       14. Market Shares Analysis

5. Pricing Analysis                                                                 15. Value Chain Analysis

6. Top 10 End user Analysis                                                  16. Supply Chain Analysis

7. Product Benchmarking                                                      17. Strategic Analysis

8. Product Developments                                                      18. Current & Future Market Landscape Analysis

9. Mergers & Acquisition Analysis                                         19. Opportunity Analysis

10. Patent Analysis                                                                  20. Revenue and Volume Analysis

 

Frequently Asked Questions:

Q. Does IndustryARC provide customized reports and charge additionally for limited customization?

Response:

Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

1. Increase the level of data in application or end user industry.

2. Increase the number of countries in geography chapter.

3. Find out market shares for other smaller companies or companies which are of interest to you.

4. Company profiles can be requested based on your interest.

5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.

 

Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com  to discuss more about our consulting services.

 

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Mr. Venkat Reddy

Sales Manager          

Email 1: sales@industryarc.com

Or Email 2: venkat@industryarc.com

Contact Sales: +1-614-588-8538 (Ext-101)

 

About IndustryARC

: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.


 [HS1]https://yearbook.enerdata.net/electricity/world-electricity-production-statistics.html

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