Circuit Breakers And Fuses Market - Find Application In The Construction Industry, Automotive Industry, Consumer Electronics And Power Industry Among Others.

Circuit breakers are electrical switches which operate automatically to protect the electrical circuit from damaging by turning it on/off when faced with overload or short circuit. The basic function of the circuit breaker is to identify any malfunctioning and breakup in the current flow. Whereas fuses are a kind of low resistance resistor which acts as a sacrificial appliance designed to protect the circuit from either load or short circuit. Circuit breakers and fuses are used during construction activities, in automotives, consumer electronics and power industry among others. The growth of industries and construction sector is a key driver for the circuit breakers and fuses market. Construction sectors in developing nations such as India, Brazil, Indonesia and others are witnessing strong growth in demand driven by large spending on housing, water supply, rail transport, roads, airport development and ports. Circuit breakers and fuses are used in residential as well as commercial construction projects. Increased demand in the construction sector has also triggered the demand for circuit breakers and fuses in countries like India, China, Indonesia, and Philippines among others. Part of the increased spending in infrastructure and construction sectors are used to install different circuit breakers and fuse components in commercial and residential projects such as molded case circuit breakers (MCCB), miniature circuit breakers (MCB), gas circuit breakers, air circuit breakers, and protective relays among others. In developing countries like India and China, governments are making long term investment plans (For example, the twelfth five-year plan in India) for industrial infrastructure and construction sectors. Considering these factors, circuit breakers and fuses market is expected to grow during the forecast period

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Circuit breakers render added safety to electrical circuits by cutting off the flow of electricity in the event of an overload or a short circuit. Fuses, on the other hand, are sacrificial components that melt so as to impede the flow of electric current in a circuit if the safe level is exceeded. The soaring demand for reliable electrical components that can serve the needs of an expanding electrical infrastructure in growth markets will bode well for the overall circuit breakers and fuses market.

What also ensures steady growth for the global market for circuit breakers and fuses is that the use of these components—typically referred to as electrical device protection components—is mandated by law in most countries. According to a TMR analyst, “The demand for innovative and compact circuit breakers and fuses is expected to reach a tipping point with the commercial acceptance of solar energy devices, smart meters, and electric vehicles. Companies can expect massive growth by catering to these emerging areas.”

In this study, TMR analysts have segmented the circuit breakers and fuses market regionally into North America, Asia Pacific, Europe, and Rest of the World. North America took the lead in the circuit breakers and fuses market globally in 2014, accounting for 34.8% of the total market. The escalating demand for electricity will help keep the North America fuses and circuit breakers market on the growth track.

Furthermore, the report also segments the circuit breakers market on the basis of voltage level of installation into low-voltage, medium-voltage, and high-voltage circuit breakers. Of these, low-voltage circuit breakers accounted for the largest share in the circuit breakers and fuses market as of 2014 thanks to their massive use in power grids.

The circuit breakers market is also segmented using arc quenching media type as a criterion. Segmented thus, the market is composed of: vacuum circuit breakers, SF6 circuit breakers, air circuit breakers, oil circuit breakers, and circuit breakers for other media.

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Likewise, the global fuses market is segmented on the voltage level of installation into two types: low-voltage and high-voltage fuses. The low-voltage fuses market is sub-segmented into cartridge fuses and plug-in fuses. The report also studies the circuit breakers and fuses market on the basis of application, segmenting it thus: Automotive, industrial, construction, power generation, consumer electronics, and others (military and healthcare). The demand for both fuses and circuit breakers was seen to be highest from the power generation segment, which stood at US$5.41 bn in 2014. With a progressive upswing in energy needs across the world, the power generation sector will continue to consume fuses and circuit breakers in sizeable quantities.

Companies profiled in the report include: Toshiba Corporation, Alstom SA, G&W Electric Company, ABB Ltd, Schneider Electric SA, Eaton Corporation, and Mitsubishi Electric.

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

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