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The market value of circuit breakers and fuses is expected to reach US$31.11 billion by 2021

The market value of circuit breakers and fuses is expected to reach US$31.11 billion by 2021

(Summary description)In view of the excellent short-circuit protection performance of the fuse, it is widely used in high and low-voltage power distribution systems and control systems and electrical equipment. As a short-circuit and over-current protector, it is one of the most commonly used and most important protection devices. The details of the data analysis of the fuse market value are as follows.

The market value of circuit breakers and fuses is expected to reach US$31.11 billion by 2021

(Summary description)In view of the excellent short-circuit protection performance of the fuse, it is widely used in high and low-voltage power distribution systems and control systems and electrical equipment. As a short-circuit and over-current protector, it is one of the most commonly used and most important protection devices. The details of the data analysis of the fuse market value are as follows.

Information

In view of the excellent short-circuit protection performance of the fuse, it is widely used in high and low-voltage power distribution systems and control systems and electrical equipment. As a short-circuit and over-current protector, it is one of the most commonly used and most important protection devices. The details of the data analysis of the fuse market value are as follows.

According to a new market report released by Transparency Market Research, "Circuit Breakers and Fuses-Global Industry Analysis, Scale, Share, Growth, Trends and Forecasts 2015-2021". In 2014, the market value of circuit breakers and fuses reached 20.75 billion U.S. dollars and is expected to reach 31.11 billion U.S. dollars by 2021. From 2015 to 2021, it will continue to grow at a compound annual growth rate of 6%.

A circuit breaker is an electric switching device that automatically operates to protect the circuit from damage by turning on/off by itself when faced with an overload or short circuit. The basic function of the circuit breaker is to determine any faults and interruptions in the current. The fuse is a kind of low-resistance resistor. When overload or short-circuit current flows through the melt, it will fuse due to its own heat, thereby disconnecting the circuit of a self-sacrificing electrical appliance. Factors such as the growth of the industrial and construction industries in emerging markets and the increasing demand for electricity and reliable power transmission have driven the development of the circuit breaker and fuse market. In addition, electronic devices are also prone to failure due to power fluctuations. Private organizations and governments around the world have recommended incorporating equipment protection components such as fuses and circuit breakers into electronic equipment

From a geographical point of view, the circuit breaker and fuse market has been roughly divided into North America, Europe, Asia Pacific and Rest of the World (ROW). In 2014, North America was the largest contributor to the circuit breaker and fuse market. The North American market accounted for 34.8% of the total market share. The demand for circuit breakers and fuses in the North American market continues to rise, and it is likely to show substantial growth in the future. For more information on the latest market analysis of the fuse industry, please refer to the "2016-2021 China Fuse Industry Market Operation and Industry Development Trend Research Report" released by the China Report Hall.

The global circuit breaker and fuse market can be divided into low, medium and high voltage circuit breakers according to the installed voltage level. Through the type of arc extinguishing medium, the circuit breaker market can be divided into air, vacuum, oil and SF6 circuit breakers. In addition, the fuse market is divided into low-voltage fuses and high-voltage fuses. Low-voltage fuses are further subdivided into plug-in fuses and tubular fuses. Low-voltage circuit breakers were the main contributor to the global circuit breaker market in 2014, and this growth was mainly attributed to the huge and rapid development of the power grid.

According to industrial applications, the global circuit breaker and fuse market can be divided into: construction, automotive, industrial, consumer electronics, power generation, medical and military. The power generation industry is the largest contributor to the circuit breaker and fuse market. In 2014, the power generation industry totaled US$5.41 billion.

The market's demand for efficient and intelligent power generation continues to grow to meet the future demand for electricity. Because of the growth in power generation demand, the market's demand for protective equipment such as circuit breakers and fuses is also expected to grow.

The key players in the circuit breaker and fuse market are: ABB Group (Switzerland), Alstom, (France), Eaton (Ireland), G&W Electric Company (USA), General Electric Company (USA), Siemens ( Germany), Schneider Electric SE (France), Pennsylvania Circuit Breaker Co., Ltd. (U.S.), Toshiba Corporation (Japan), Maxwell Technologies Co., Ltd. (U.S.) and Mitsubishi Electric (Japan), etc. This report provides a strategic analysis of the circuit breaker and fuse market as well as market growth expectations for the period from 2015 to 2021. The report conducted a comprehensive analysis of all markets based on circuit breakers and fuses, and conducted an in-depth cross-industry analysis of industry applications and the market of circuit breakers and fuses across different regions.

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