Press release
Circuit Breaker & Fuses Market 2021 Competitive Insights - Eaton Corporation Inc, Alstom SA, G&W Electric Company, ABB Ltd, General Electric Company
The Circuit Breaker & Fuses Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Circuit Breaker & Fuses market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Circuit Breaker & Fuses market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Circuit Breaker & Fuses market.The Circuit Breaker & Fuses Market was valued at USD 7.392 billion in 2020 and is expected to reach USD 10.020 billion by 2026, at a CAGR of 5.2% over the forecast period 2021 - 2026.
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Top Leading Companies of Circuit Breaker & Fuses Market are - Eaton Corporation Inc, Alstom SA, G&W Electric Company, ABB Ltd, General Electric Company, Maxwell Technologies Ltd, Mitsubishi Electric Corporation, Schneider Electric SE, Pennsylvania Breaker LLC, Siemens AG, Toshiba Corporation, TE Connectivity Ltd, Larsen & Toubro Limited, TE Connectivity and others.
Industry News and Updates:
- Oct 2019 - Alstom and the Madrid Asperger Association have signed a partnership agreement according to which persons with Asperger’s Syndrome will do pre-occupational professional internships at Alstom sites in Spain helping to improve their socio-occupational capacity and professional skills.
- Sep 2019 - ABB Ltd signed a five-year framework contract with Austrian Power Grid (APG), Austria’s transmission system operator, potentially worth more than USD100 million to supply gas-insulated switchgear (GIS), is the largest electricity grid expansion to date in Austria. ABB will be supplying GIS for the construction of a transmission grid that will help to strengthen the infrastructure in order to gradually integrate electricity generated by more renewable sources.
Key Market Trends:
Medium Voltage Circuit Breakers are Thought to Drive the Market's Growth
- Medium voltage circuit breaker comprises the significant market share of the circuit breaker & fuses market with extraordinary investment in the power transmission and distribution sector. Medium voltage circuit breakers are the ones that work on voltage levels around 400 volts to 15kV approximately. The reason they are named so is that very low voltage conditions are not proper for them to operate correctly, neither a very high voltage assists them to perform their operation perfectly. So a medium voltage level around this figure is common for them to work on.
- The Medium voltage circuit breaker segment of the market is driven by the growing demand for medium voltage fuses in transformers, T&D networks, circuit and motor protection, along with industrial applications and renewable energy generation and distribution. These types of circuit breakers are made of an alloy of copper, silver, or tin, and coordinates better with transformers and distribution networks.
APAC to Dominate the Circuit Breaker & Fuses Market
- The growth in construction activities coupled with a growing adoption rate of renewable power generation sources such as solar and wind led the demand of the market in the APAC region. Furthermore, governments in countries like China, India, Australia, etc. have taken initiative regarding the development of electricity networks, which in turn, escalating the demand for the market in the APAC region.
- Apart from that, due to factor such as growth in end-user industries along with growing demand for electricity due to rapid urbanization is expected to contribute to the market growth in the Asia Pacific region during the forecast period. Extensive growth in end-user segments such as the petrochemicals sector, oil & gas sector, steel and cement sector is anticipated to boost demand for circuit breakers and fuses in the region.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Circuit Breaker & Fuses Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Circuit Breaker & Fuses Market (%),2016 - 2026
- Circuit Breaker & Fuses Market Share, By Brand
- Circuit Breaker & Fuses Market Share, By Company
- Circuit Breaker & Fuses Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Circuit Breaker & Fuses Market Value Analysis & Forecast
- Promising Circuit Breaker & Fuses Development by Major Companies
- Detailed Circuit Breaker & Fuses Portfolio of the Major Companies
- Major Deals in the Circuit Breaker & Fuses Market
- Major Companies Analysis
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We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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