Circuit breakers are specific electrical switches that operate automatically for protecting the electrical circuit from damage by turning it on or off when faced with overload & short circuit. The basic function of these circuit breakers is to identify any malfunctioning & breakup in the current flow. Whereas fuses are a type of low resistance resistor that acts as a sacrificial appliance designed to protect any circuit from either load or short circuit. Fuses and Circuit breakers find application in the construction industry, consumer electronics, automotive industry and power industry among others. Rising focus on efficient and reliable power distribution & transmission coupled with installation of new energy infrastructure in emerging economies is estimated to boost the circuit breakers and fuses market.
As per analysis, “Global Fuses and Circuit
Breakers Market Status (2015-2019) and Forecast (2020-2024) by Region, Product
Type & End-Use” the key
companies operating in the global fuses & circuit breakers market include Mitsubishi
Electric Corporation, Siemens, General Electric, Schneider Electric, Mersen,
Eaton, ABB, Hager, Carling Technologies, Sensata Technologies, E-T-A
Elektrotechnische Apparate, HYUNDAI, Hitachi, SCHURTER, Fuji Electric, Shanghai
Renmin, CHINT Electrics, Changshu Switchgear, Littelfuse, Liangxin and among
others. The industry is anticipated to remain innovation-led, with frequent
acquisitions & strategic alliances adopted as major strategies by the
players to improve their industry presence.
Based on type, fuses & circuit breakers market is segmented as
circuit breakers and fuses. Circuit breakers provide certain advantages over
fuses for instance these are easy to reset and safer than fuses because all of
the electrical connections are inside the breaker box. In addition, based on
application, market is segregated as commercial, industrial and residential.
Based on geography, the North-America is a leading region in global fuses & circuit breakers market
owing to rapid development in the construction market and increase in access to
electricity in emerging countries across the region. Additionally, growth in
adoption of alternative energy generation sources like wind and solar that
requires huge investments in distribution & transmission is growing the
opportunities for this market in the region. The Asia-Pacific and European
regions are estimated to witness higher growth rate due to rise in focus on
efficient and reliable power transmission & distribution, increase in number
of renewable power generation projects coupled with growth in end-user
industries such as oil & gas, steel, cement and petrochemicals over the
forecast period. It is predicted that future of the global fuses & circuit
breakers market will be optimistic because of rise in need for up-gradation of
proficient networks as well as renewable energy connectivity during the
forecast period.
For More Information, refer to
below link:-
Global
Fuses and Circuit Breakers Market
Contact
Us:-
Ken
Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
No comments:
Post a Comment