Global Circuit Breaker Market 2015-2019
About Circuit Breaker
A circuit breaker is an electrical switch used to protect an electric circuit from short-circuiting and overloading. A circuit breaker detects overloading and automatically switches off the power supply. Circuit breakers are preferred over fuses because fuses have to be replaced after each operation while a circuit breaker has to be just reset after each operation.
Technavio’s analysts forecast the global circuit breaker market to grow at a CAGR of 4.85% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the global circuit breaker market during the period 2015-2019. For ascertaining the market size and vendor share, the report considers revenue generated from the sales of circuit breakers.
Technavio's report, Global Circuit Breaker Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the global circuit breaker market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Circuit Breaker Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Circuit Breaker Market: ABB Ltd., Alstom SA, Eaton Corp., General Electric (GE) Co., Mitsubishi Electric Power Products Inc., Schneider Electric SA, and Siemens AG.
Other Prominent Vendors in the market are: G&W Electric, Kirloskar Electric, L&T, Camsco Electric, Powell Industries, Schurter Holding, Sensata Technologies, and Toshiba.
Commenting on the report, an analyst from Technavio’s team said: “Increasing demand from the APAC region is a major trend observed in this market. The emergence of China and India as notable markets and low-cost manufacturing hubs are likely to encourage major vendors to invest in setting up manufacturing units in these countries.”
According to the report, the emergence of non-conventional energy sources is a key deriver that boosts growth in this market. Non-conventional energy sources require alternative electricity transmission systems. The upsurge in the construction of these energy sources has increased the demand for components such as circuit breakers that can protect electrical devices.
Further, the report states that the major challenge faced by this market is the availability of gray market components. These gray market equipment raise concerns such as that of safety, quality, and reliability as they are sold outside the traditional distribution channels.