Global Circuit Breaker and Fuses Market Trends, Size, Competitive Analysis and Forecast - 2020-2026

The global circuit breaker and fuses market is estimated to grow at a CAGR of nearly 6.0% during the forecast period. The major factors contributing to the growth of the market include the rising demand for renewable energy sources and the growing construction industry. As per the International Renewable Energy Agency (IRENA), the global solar energy capacity increased from 488.7 gigawatts (GW) in 2018 to 586.4 GW in 2019. Solar energy and wind energy is constantly leading renewable capacity expansion. These combinedly accounted for 90% of total net renewable additions in 2019. Growing environmental concerns such as rising carbon emission, air pollution, and global warming are the major factors encouraging the adoption of solar panels.

Request a free sample of our report on Global Circuit Breaker and Fuses Market: https://www.omrglobal.com/request-sample/circuit-breaker-and-fuses-market

Another major factor for the growth of the solar industry is the reduction in the price of the solar panels. A significant decline in the cost of rooftop solar panels has been observed over the years. Solar panels are penetrating significantly from various commercial to household applications across the globe. Due to these benefits, the installations of solar photovoltaic (PV) systems has been accelerating, which in turn, is leading the adoption of circuit breakers and fuses. Circuit breakers and fuses are primarily used for the protection of the PV wiring from getting too hot and catching fire.

A full report of Global Circuit Breaker and Fuses Market Is available at https://www.omrglobal.com/industry-reports/circuit-breaker-and-fuses-market

Global Circuit Breaker and Fuses Market Segmentation

By Product Type
• Circuit Breaker
o High Voltage
o Medium Voltage
o Low Voltage

• Fuse
o High Voltage
o Medium Voltage
o Low Voltage

By Arc Quenching Media Type
• Vacuum Circuit Breakers
• Oil Circuit Breakers
• Air Circuit Breakers
• Others

By Application
• Consumer Electronics
• Industrial
• Transport
• Construction
• Energy
• Others

Regional Analysis
• North America
o United States
o Canada

• Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe

• Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific

• Rest of the World

Company Profiles
• Atom Power, Inc.
• Bourns, Inc.
• Camsco Electric Co., Ltd.
• Changan Group Co.,Ltd.
• Eaton Corp. plc
• EFACEC
• Fuji Electric Co., Ltd.
• G&W Electric Co.
• Havells India Ltd.
• Hitachi, Ltd.

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/circuit-breaker-and-fuses-market

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

About Us:
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting, and other research-based services.

For More Information, Visit https://www.omrglobal.com/

This release was published on openPR.