Circuit Breakers Market Increasing Demand and Dynamic Growth with Forecast 2026 | Top Players ABB, Alstom, Eaton Corporation plc, Furukawa Group, Kirloskar Electric

Allied Market Research published a new report, titled, "Circuit breakers market". The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

Global circuit breakers market generated $9.8 billion in 2018, and is estimated to generate $14.8 billion by 2026, registering a CAGR of 5.3% from 2019 to 2026. The research provides a detailed analysis of changing market dynamics, market size & estimations, key winning strategies, major segments, and competitive landscape.

Circuit breakers can operate automatically as well as manually for controlling and protecting an electrical power system. Circuit breakers help to protect electric appliances from short out, over-burden or over-flow. Moreover, the circuit breakers are cost-effective and give reliable operation of the electric circuit. The requirement for circuit breakers has gone up impressively with expanding concern for safety in media transmission hardware, car, electrical, and electronic sectors.

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Circuit breakers offers protection against high current surge and short circuit to the electrical system. Thus, this product type has a great contribution to electric development across the globe. The involvement of domestic governments, non-profit organizations, and international financial institutions unlike 'The World Bank' in the development of electricity access rate is mainly influencing the adoption of the circuit at the global level. In addition to this, increasing the consumption of electricity on account of various factors is also offering significant growth to circuit breaker market. Since circuit breakers are used in energy-related areas a couple of regulations take into account that defines the sensitivity of residual current must be high to provide optimum protection. On the contrary, a couple of features in these regulations also exposes the negative side of the circuit breakers i.e. greenhouse gas emission from the SF6 circuit breakers. Therefore, this market is leading towards growth stabilization and stable demand for circuit breakers is anticipated during the forecast period.

Based on the voltage, the low voltage segment accounted for around 55% circuit breakers market share in 2018. This is highly attributed to the low voltage application in the largest application segment i.e. residential sector. Commercial applications anticipated to register the highest CAGR during the forecast period.

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Based on the application, the residential segment emerged as the global leader in circuit breakers industry in 2018. Factors that are favoring the growth of this segment include the rise in the population and the resulting growth in the electricity consumption, the trend for a single resident and isolated families, and increasing residential activities across the globe.

Key players operating in the global circuit breaker market are ABB, Alstom, Eaton Corporation plc, Furukawa Group, Kirloskar Electric, Powell Industries, Mitsubishi Electric Corporation, Schneider Electirc, Siemens AG, Toshiba Corporation, and others.

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Key offerings of the report:

1. Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
2. Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
3. Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
4. Regional Analysis: Thorough analysis of each region helps market players devise expansion strategies and take a leap.
5. Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.

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