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Increased safety demand in electrical components fuels the growth of circuit breaker market

Press release September 29, 2014 Circuit breaker market, circuit breaker industry

A circuit breaker is an electrical switch used to protect an electric circuit from short-circuiting and overloading.

The circuit breaker market is expected to grow in the upcoming years. The growing concerns regarding safety in various electronic, electrical, automotive, telecommunication equipments and the need for advanced fuses and circuit breakers are some of the factors that will be fuelling the growth of the sector. Expected to record a growth of CAGR of 4.61 percent over the period 2014-2018, the emerging economies especially Asia Pacific region including China, Indonesia and India are some of the major regions of development of the product.

This report, Global Circuit Breaker Market 2014-2018 provides an in-depth market analysis with inputs from industry experts. The report covers the APAC region, Europe, the Middle East, North America, and the ROW; it also covers the Global Circuit Breaker market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Market overview

The circuit market can be segmented into three: Low Voltage Circuit Breakers, Medium Voltage Circuit Breakers, and High Voltage Circuit Breakers. Considered from the demand side of the product, the report also discusses the smaller market segments. In terms of regions, the market is expected to reach USD 4605 million by 2018 from USD 3510 million in 2013. Increased demand from the construction sector and electrical distribution systems from the APAC region is one of the major demands fuelling the growth of the sector. The rapid urbanization and industrialization in China and India would mean that the Asia Pacific market would reach USD 4379 million by 2018 and record a CAGR of 6%.

The country’s opposition in implementation of smart meters against the EU mandate will create uncertainty towards investments in smart meters especially when Germany remains the leading market segment in the EU region.

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Circuit breaker market, circuit breaker industry
Annonce: håndværkerhjælp