According to a new market report published by Transparency Market Research “Circuit Breakers and Fuses Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021,” the circuit breakers and fuses market was valued at USD 20.75 billion in 2014, which is expected to reach USD 31.11 billion by 2021, growing at a CAGR of 6% from 2015 to 2021.
In 2014 the power generation segment amounted for USD 5.41 billion. There is growth in demand for efficient and smart power generation which is required to address the futuristic demand for electricity. As power generation increases, the market for protection devices such as circuit breakers and fuses is expected to grow.
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Key players in the circuit breakers and fuses market are ABB Ltd. (Switzerland), Alstom SA. (France), Eaton Corporation (Ireland), G&W Electrics Company (U.S), General Electric Corp. (U.S), Siemens AG (Germany), Schneider Electrics SE (France), Pennsylvania Breaker LLC (U.S.), Toshiba Corporation (Japan), Maxwell Technologies Ltd (U.S.) and Mitsubishi Electric (Japan) among others.
This report provides strategic analysis of the circuit breaker and fuses market and the growth forecast for the period 2015 to 2021. The report covers competitive analysis of various market segments based on the type of circuit breakers and fuses, industry applications and in depth cross section analysis of circuit breakers and fuses market across different geographic segments.