|By Business Wire||
|June 3, 2014 02:12 PM EDT||
Research and Markets (http://www.researchandmarkets.com/research/cjw3fs/circuit_breakers) has announced the addition of the "Circuit Breakers and Fuses Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019" report to their offering.
Circuit breakers and fuses are vital components of electric circuit. Circuit breakers and fuses help to protect electrical circuits from numerous damages such as electrical surges and load switching among others. Additionally, the increasing demand for electricity across the globe is fueling the circuit breakers and fuses market. Increasing focus on efficient and reliable power transmission and distribution coupled with installation of new energy infrastructure in emerging economies is expected to boost the circuit breaker and switches market in future.
Growing concern for safety in automotive, telecommunication, electrical and electronic equipment is the primary driver of this market. With increase in construction activity, the residential and non residential users market is anticipated to be the fastest growing market for circuit breakers. Additionally, manufacturing of technologically advanced automation vehicles will help to increase the sales of circuit breakers and fuses. The rising demand of electricity due to rapid urbanization has made Asia Pacific a lucrative market for circuit breakers and fuses.
Geographically, North America held majority of share of global circuit breakers and fuses market in 2012. This owes to steady growth in R&D facilities, shopping malls, defense establishments and educational institutions across North America. However, Asia Pacific is poised to become the global supplier of circuit breakers and fuses. This is mainly due to availability of low cost labor and mature technology base. Additionally, industrial growth and growing economy is expected to drive the need for higher energy consumption in Asia Pacific.
The market contains numerous small scale and large scale players such as:
- ABB Ltd
- Alstom SA
- Eaton Corporation
- G&W Electric Company
- General Electric
- Maxwell Technologies Ltd.
- Mitsubishi Electric
- Pennsylvania Breaker LLC
- Schneider Electric SA
- Siemens AG
- Toshiba Corporation
The global circuit breakers and fuses market is segmented as follows:
Global circuit breakers market, by voltage level of installation
- Low voltage circuit breakers
- Medium voltage circuit breakers
- High voltage circuit breakers
Global circuit breakers market, by arc quenching media type
- Air circuit breakers
- Vacuum circuit breakers
- Oil circuit breakers
- SF6 circuit breakers
- Other media circuit breakers (CO2, DCB, and Hybrid)
Fuses (voltage level of installations)
- Low voltage fuses
- - Plug-in fuses
- - Cartridge fuses
- High voltage fuses
Global Circuit Breakers and Fuses Market, by application
- Consumer electronics
- Power generation
For more information visit http://www.researchandmarkets.com/research/cjw3fs/circuit_breakers