Circuit Breaker Market Size, Share & Industry Analysis, By Voltage (Low Voltage, Medium Voltage, and High Voltage), By End User (Residential, Commercial, Industrial, and Utility), By Installation (Indoor and Outdoor), By Rated Voltage (Upto 500V, 500V-1kV, 1kV-15kV, 15kV-50kV, 50kV-70kV, 70kV-150kV, 150kV-300kV, 300kV-600kV, 600kV-800kV, and Above 800kV), and Regional Forecast, 2026
The global circuit breaker market is set to attain a value of USD 25.75 billion by 2026, displaying a CAGR of 6.97% during the forecast period. The main driving factor for this is the ever-increasing demand for electricity around the world. According to the International Energy Agency (IEA), in 2018, world electricity demand increased by 4%, double the amount of the overall energy demand. Among nations, China and the US accounted for 70% of the total global demand. Increasing demand and consumption of electricity will lead to a corresponding rise in the demand for “circuit breakers”, since they are essential components in any electrical system. Circuit breakers are basically switching devices, that is, their primary function is to disturb or interrupt the flow of fault or abnormal current. This protects the electrical system from any damage and prevents any potential accidents.
Request a Sample Copy of the Global Market Research Report:https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/circuit-breaker-market-100765
Some of the prominent companies in the global circuit breaker market include:
Key Market Driver Enormous demand for electricity
Key Market Restraint High installation and maintenance cost
Market Landscape and Market Scenario Includes:
According to the Fortune Business Insights report, titled “Circuit Breaker Market Size, Share and Industry Analysis, By Voltage (Low Voltage, Medium Voltage, and High Voltage), By End User (Residential, Commercial, Industrial, and Utility), By Installation (Indoor and Outdoor), By Rated Voltage (Upto 500V, 500V-1kV, 1kV-15kV, 15kV-50kV, 50kV-70kV, 70kV-150kV, 150kV-300kV, 300kV-600kV, 600kV-800kV, and Above 800kV), and Regional Forecast, 2019-2026”, the global circuit breaker market value in 2018 was USD 15.09 billion. Additionally, the report also provides a comprehensive analysis of the various factors and trends that will shape the market during the forecast period.
For more information in the analysis of this report, visithttps://www.fortunebusinessinsights.com/industry-reports/circuit-breaker-market-100765
Important Features that are under Offering and Key Highlights of the Market Report:
Rising Focus on Energy Accessibility to Favor Market Growth
Governments in the developing nations of Asia and Africa are aggressively building strong power infrastructure to bring electricity in the homes of the people, especially in rural areas. For example, through its rural cooperative program, Bangladesh has managed to bring electricity to 62% of its rural population. India has successfully electrified 95% of rural households in its poorest states, as reported by the IEA in 2018. Furthermore, international organizations such as the World Bank are providing the required monetary assistance to these countries, further enhancing their capabilities. For instance, the World Bank, through its International Development Agency, is providing USD 375 million to aid the Ethiopia Electrification Program launched in 2017, which aims at last-mile service delivery. Such rapid progress in power infrastructure is expected to create massive sales opportunities for circuit breaker producers, thereby bolstering the global circuit breaker market growth during the forecast period.
Queries Addressed In The Market Report:
Segmentation
1. By Voltage
2. By Installation Location
3. By End User
4. By Geography
Request for customizationhttps://www.fortunebusinessinsights.com/enquiry/customization/circuit-breaker-market-100765
Industrial Development to Propel the Market in Asia-Pacific
Among regions, Asia-Pacific is expected to dominate the global circuit breaker market share owing to the fast-paced industrial and manufacturing sector development, especially in China and India. Moreover, increasing infrastructure activities in the region will further enlarge the global circuit breaker market size till 2026. Heightened urbanization will make Africa the most promising regional market for circuit breakers in the coming decade, while oil and gas exploration and refinement activities will fuel the market in the Middle East. North America and Europe are anticipated to make sizeable contributions to the global circuit breaker market revenue in the forecast period.
Development of Innovative Products to Intensify Competition
Key players in the global circuit breaker market are increasingly focusing on creating and launching new and innovative products so as to gain a competitive edge. For example, in April 2019, Hannover-based ABB introduced their solid-state circuit breaker that is designed to enable electrical systems and grids to adapt renewable energy solutions and improve industrial battery storage capacities. Similarly, Schneider Electric upgraded their Masterpact circuit breakers product line with the Masterpact MTZ, which is specifically designed to empower smart devices to cope with Internet of Things (IoT) tools and solutions.
Order Complete Reporthttps://www.fortunebusinessinsights.com/checkout-page/100765
Key Features of Market Research Report:
Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.
Table of Content
5. Global Circuit Breaker Market Analysis (USD billion), Insights and Forecast, 2015-2026
5.1. Key Findings/Summary
5.2.Market Analysis, Insights and Forecast By Voltage
5.2.1.Low Voltage
5.2.2.Medium Voltage
5.2.3.High Voltage
5.3.Market Analysis, Insights and Forecast By End User
5.3.1.Residential
5.3.2. Commercial
5.3.3.Industrial
5.3.4.Utility
5.4.Market Analysis, Insights and Forecast By Installation
5.4.1.Indoor
5.4.2.Outdoor
5.5.Market Analysis, Insights and Forecast By Rated Voltage
5.5.1.Upto 500V
5.5.2.500V- 1kV
5.5.3.1kV-15kV
5.5.4.15kV-50kV
5.5.5.50kV-70kV
5.5.6.70kV-150kV
5.5.7.150kV-300kV
5.5.8.300kV-600kV
5.5.9.600kV-800kV
5.5.10.Above 800kV
5.6. Circuit Breaker Market Analysis, Insights and Forecast By Region
5.6.1.North America
5.6.2.Latin America
5.6.3.Europe
5.6.4.Asia Pacific
5.6.5.Middle East and Africa
6. North America Circuit Breaker Market Analysis (USD billion), Insights and Forecast, 2015-2026
6.1.Key Findings/ Summary
6.2.Market Analysis, Insights and Forecast By Voltage
6.2.1.Low Voltage
6.2.2.Medium Voltage
6.2.3.High Voltage
6.3. Circuit Breaker Market Analysis, Insights and Forecast By End User
6.3.1.Residential
6.3.2.Commercial
6.3.3.Industrial
6.3.4.Utility
6.4. Circuit Breaker Market Analysis, Insights and Forecast By Installation
6.4.1.Indoor
6.4.2.Outdoor
6.5. Circuit Breaker Market Analysis, Insights and Forecast By Rated Voltage
6.5.1.Upto 500V
6.5.2.500V- 1kV
6.5.3.1kV-15kV
6.5.4.15kV-50kV
6.5.5.50kV-70kV
6.5.6.70kV-150kV
6.5.7.150kV-300kV
6.5.8.300kV-600kV
6.5.9.600kV-800kV
6.5.10.Above 800kV
6.6. Circuit Breaker Market Analysis, Insights and Forecast By Country
6.6.1.U.S.
6.6.2.Canada
7. Latin America Circuit Breaker Market Analysis (USD billion), Insights and Forecast, 2015-2026
7.1.Key Findings/ Summary
7.2.Market Analysis, Insights and Forecast By Voltage
7.2.1.Low Voltage
7.2.2. Medium Voltage
7.2.3. High Voltage
TOC Continued…..!
Key Industry Developments
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this Market.
https://www.fortunebusinessinsights.com/enquiry/covid19-impact/circuit-breaker-market-100765
(Have a Look at Reports Trending in “Energy and Power“Industry)
View Related Reports:
AdvancedEnergyStorage System Market – What will be the Short-term Impact of Coronavirus?
About us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.308, Supreme Headquarters,Survey No. 36, Baner,Pune-Bangalore Highway,Pune – 411045, Maharashtra, India.
Phone:
US: +1 424 253 0390UK: +44 2071 939123APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.comFortune Business Insights™LinkedIn | Twitter | Blogs
Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit What are sales, revenue, and price analysis by types and applications of Circuit Breaker Market?