2014-01-21 13:23:01 - Circuit Breaker Market & Fuse Market: Global Trends & Forecast to 2018 - a new market research report on companiesandmarkets.com
The global circuit breaker market and fuse industry is estimated to be worth around $11.7 billion in 2013, and is forecast to grow to a total of $15.1 billion by the end of 2018. This suggests a CAGR growth rate of 5.2% between 2013 and 2018. The industry will be driven by a growing demand for electricity and power transmission activities with increasing investment in residential/non residential construction.
The Americas, with its thriving economies and rapidly expanding manufacturing bases, is expected to experience highest revenue growth during the next five years. Asia-Pacific is having highest CAGR of around 6.0% from 2013 to 2018.
The need to satisfy rising electricity distribution demand is expected to enhance the growth prospects of the circuit breaker
& fuse market. The lucrative and high-investment areas such as Asia-Pacific and Americas are the key driving factors for the exponential growth of circuit breaker & fuse market.
Circuit breaker & fuse market in terms of volume can be depicted in terms of a million units. Here also, circuit breakers have bigger market as compared to fuses. Also there is a significant variation in the pricing of circuit breakers and fuses. Demand wise, the circuit breaker is dominating and expected to follow the same trend
Electric-power transmission is the bulk transfer of electricity, from power plants to electrical substations. Electric power transmission and distribution (T&D) equipments have very high demand. The primary driver for increases in transmission spending is demand for the electricity grid. Circuit breaker & fuses are one of the major components of the power transmission equipments.
Top players in the circuit breaker & fuse market include Siemens AG, ABB, Schneider Electric SA, Toshiba, Alstom Grid, Mitsubishi Electric Corporation etc. with a combined share of around 59%.
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