Circuit Breakers and Fuses Market to gain $32.0 billion by 2020

Author: Alisha Gonzales

Zion Market Research has published a new report titled "Circuit Breakers and Fuses Market by Type (Air, Vacuum, Oil, SF6 and Others), by Voltage (Low Voltage, Medium Voltage and High Voltage) for Automotive, Consumer Electronics, Construction, Power Generation, Industrial and Others Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014-2020." According to the report, global demand for circuit breakers and fuses was valued at USD 21.0 billion in 2014, and is expected to reach USD 32.0 billion in 2020, growing at a CAGR of 6.5% between 2015 and 2020.

Circuit breakers and fuses are the electronics equipment that are made up of electrical wires and circuits associating with semiconductor or glass outlet. These components are fully automatic. They are extensively used in various applications like construction industry, automotive industry, consumer electronics and power industry among others.

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The major driving factor for the global circuit breakers and fuses market is rapidly advancing industrialization 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. However, high competition among the participants on cost of circuit and fuses is expected to hamper the growth of circuit breakers and fuses market. Nonetheless, advancement in technology to provide better energy installation and generation services can open new opportunity for the market during the years to come.

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Some of the key player for globe circuit breakers and fuses market includes Toshiba Corporation, Alstom SA., G&W Electrics Company, Maxwell Technologies Ltd, General Electric Corp., Pennsylvania Breaker LLC, ABB Ltd., Siemens AG, and Mitsubishi Electric amongst other.

This report segments the global circuit breakers and fuses market as follows:

Type Segment Analysis: by type, by voltage level

Application Segment Analysis: Automotive, Consumer Electronics, Construction, Power Generation, Industrial, Others (healthcare and military)

Regional Segment Analysis: North America(U.S.), Europe(UK, France, Germany), Asia Pacific(China, Japan, India), Latin America(Brazil), Middle East and Africa

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