Circuit breaker Market Focusing on Top Key Players Like General Electric, ABB, Alstom, Eaton, Mitsubishi Electric, Schneider Electric, Siemens, Maxwell, Toshiba, Pennsylvania Breaker, Legrand, Schurter Holding

The newly released research at Market Study Report titled “2018-2023 Global Circuit Breakers Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.

Circuit breaker Market 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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The worldwide market for Circuit Breakers is expected to grow at a CAGR of roughly 5.6% over the next five years, will reach 19800 million US$ in 2023, from 14300 million US$ in 2017, according to a new study.

This Report Focusing on Following Key Manufactures By Significant Research
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

Key Data Points:

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.

Segmentation by product type:
Air circuit breaker
Oil circuit breaker
Sulfur hexafluoride circuit breaker
Vacuum circuit breaker
Other circuit breakers

Segmentation by application:
Air circuit breaker
Oil circuit breaker
Sulfur hexafluoride circuit breaker

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Key Regions, covers:
Americas (United States, Canada, Mexico, Brazil)
APAC (China, Japan, Korea, Southeast Asia, India, Australia)
Europe (Germany, France, UK, Italy, Russia, Spain)
Middle East & Africa (Egypt, South Africa, Israel, Turkey, GCC Countries)

Research objectives

To study and analyze the global Circuit Breakers consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Circuit Breakers market by identifying its various subsegments.
Focuses on the key global Circuit Breakers manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Circuit Breakers with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Circuit Breakers submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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This release was published on openPR.