Press release
Automatic Circuit Breaker Market by 2024 outlook with key players analysis - Schneider Electric, Siemens, GE, SCHURTER and Toshiba
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Power transmission over long distances requires automatic circuit breakers for higher capacity of faultless transmission, due to which power transmission sector stands as the largest consumer for automatic circuit breaker market. Automatic circuit breakers are available in varying sizes depending on their application area such as homes, small scale industries and others.
Demand for low voltage switchgear circuit breakers is expected to increase during the forecast period, due various reasons including global development in industrial infrastructure, safety enhancement, and product innovation. One of the major factors contributing to the growth of circuit breaker market is initiative to replace old and outworn power infrastructure with high grid power infrastructure.
Geographically, North America dominated the automatic circuit breakers market, attributed to well-developed smart grid infrastructure in the U.S. and Canada. The U.S. and Canada are the two largest countries of North America automatic circuit breaker market. Asia-Pacific is the fastest growing market for automatic circuit breaker, owing to the increasing government investment in modernization of power distribution infrastructure in developing countries, such as India and China.
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Some of the key players in global automatic circuit breaker market include Schneider Electric, Siemens, General Electric, Schurter Holding, Toshiba and Camsco Electric.
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