C&M: Global market for circuit breakers, fuses & relays driven by increased construction activities
Global Circuit Breaker, Fuse, and Relay Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-20 15:09:03
The Global Circuit Breaker, Fuse, and Relay market is to grow at a CAGR of 5.38 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increased construction activities. The Global Circuit Breaker, Fuse, and Relay market has also been witnessing the increasing need for miniaturization. However, the availability of low cost products could pose a challenge to the growth of this market.
One of the major trends in the Electrical and Electronics industry is the increasing need for miniaturization. Most of the vendors, especially relay vendors, are focusing on solid state relays since they can be incorporated in the PCB with more ease compared to electromechanical relays. One of the major reasons for the increased demand for smaller relays is the increased growth in the Electrical and Electronics industry, which is growing at a rapid rate in countries such as India, Brazil, and China.
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