Global Circuit Breakers Market Expected to Witness a Sustainable Growth over 2023

New report published by Market Research Report Store (MRRS) which offers insights on the global Circuit Breakers market.

Circuit breaker is an automatically operated electrical switch designed to protect an electrical circuit from damage caused by overload or short circuit. Its basic function is to detect a fault condition and interrupt current flow. Unlike a fuse, which operates once and then must be replaced, a circuit breaker can be reset (either manually or automatically) to resume normal operation. Circuit breakers are made in varying sizes, from small devices that protect an individual household appliance up to large switchgear designed to protect high voltage circuits feeding an entire city.

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Global Circuit Breakers Market: Forecast by Type / Application / Region

Schneider Electric, ABB, and General Electric captured the top three revenue share spots in the Circuit Breakers market in 2015.Schneider Electric dominated with 10.60 percent revenue share, followed by ABB with 9.45 percent revenue share and General Electric with 8.37 percent revenue share.

In terms of the classification segment, low voltage circuit breaker market accounted for over 45% of the overall share in 2014. These are generally used in industrial, commercial and domestic applications. They are rated less than 1000 VAC or 1500 V DC and are primarily used for DC applications.

In terms of the applications segment, the power generation segment was the largest contributor in the circuit breakers market. In 2014 the power generation segment amounted for 26.08% revenue share. There is growth in demand for efficient and smart power generation which is required to address the futuristic demand for electricity.

Despite the presence of competition problems, due to the clear global recovery trend, investors are still optimistic about this area, in future still more new investment will enter into the field. Technology and cost are two major problems.

Although sales of Circuit Breakers brought a lot of opportunities, for the new entrants with only advantage in capital without sufficient support in technology and downstream channels, the research group did not recommend taking risk the enter this market.

Over the next five years, LPI(LP Information) projects that Circuit Breakers will register a 5.6% CAGR in terms of revenue, reach US$ 19800 million by 2023, from US$ 14300 million in 2017.

Global Circuit Breakers Market: Key Players
General Electric
ABB
Alstom
Eaton
Mitsubishi Electric
Schneider Electric
Siemens
Maxwell
Toshiba
Pennsylvania Breaker
Legrand
Schurter Holding
Hager
Fuji Electric
Hyundai
CHINT Electrics
DELIXI
Changshu Switchgear
Shanghai Renmin
Liangxin

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Related Information:
United States Circuit Breakers Market Research Report 2018
Europe Circuit Breakers Market Research Report 2018
North America Circuit Breakers Market Research Report 2018
Asia-Pacific Circuit Breakers Market Research Report 2018
China Circuit Breakers Market Research Report 2018
EMEA Circuit Breakers Market Research Report 2018
Global Circuit Breakers Market Research Report 2018

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