The
global market for circuit breakers and fuses has been covered under
the scope of this report. Circuit breakers are electrical switches
which operate automatically to protect the electrical circuit from
damage by turning it on/off when faced with overload or short
circuit. The basic function of the circuit breaker is to identify any
malfunctioning and breakup in the current flow. Whereas fuses are a
kind of low resistance resistor which acts as a sacrificial appliance
designed to protect the circuit from either load or short circuit.
Circuit breakers and fuses find application in the construction
industry, automotive industry, consumer electronics and power
industry among others. High focus on efficient and reliable power
distribution and transmission coupled with the installation of new
energy infrastructure in emerging economies is expected to boost the
circuit breakers and fuses market.
The
global circuit
breaks and fuses market is segmented by region in North America,
Europe, Asia Pacific (APAC) and Rest of the World (RoW). North
America leads the global circuit breakers and fuses market, followed
by Asia Pacific in 2014. Rising demand for electricity due to rapid
urbanization has made Asia Pacific a lucrative market for circuit
breakers and fuses. Higher focus on efficient and reliable power
transmission and distribution coupled with the installation of new
energy infrastructure in emerging economies is expected to boost the
circuit breakers and fuses market.
The
global circuit breaker and fuses market is segmented by the voltage
level of installation into: low, medium and high voltage circuit
breakers. By arc quenching media type the circuit breaker and fuses
market has been segmented into: air, vacuum, oil and SF6 circuit
breakers. The global fuses market is segmented into: low voltage
fuses and high voltage fuses. The low voltage fuses are further
segmented into Plug-in fuses and cartridge fuses. The low voltage
circuit breakers were a major contributor to the global circuit
breakers and fuses market in 2014.
This growth is attributed to vast
and the rapid development of power grids. Countries globally have
agreed to conform to the International Electrotechnical Commission
(IEC) standard for low voltage circuit breakers. With enactment of
the Kyoto Protocol, many countries across the world such as China,
Brazil, France and Germany, among others have implemented mandatory
laws to reduce carbon dioxide emissions. As low voltage circuit
breakers are the major components used in electrical installations,
molded case circuit breakers are estimated to be the next generation
low voltage circuit breakers that can help satisfy market needs.
The
power generation sector in the global circuit breaker and fuses
market was a major contributor in 2014. As power generation
increases, the market for protection devices such as circuit breakers
and fuses is expected to grow.
The
key players operating in the circuit breaks and fuses market are
ABB Ltd. (Switzerland), Alstom SA. (France), Eaton Corporation
(Ireland), G&W Electrics Company (U.S), General Electric Corp.
(U.S), Siemens AG (Germany), Schneider Electrics SE (France),
Pennsylvania Breaker LLC (U.S.), Toshiba Corporation (Japan), Maxwell
Technologies Ltd (U.S.) and Mitsubishi Electric (Japan) among others.
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