Post Business

  • Written by Wayne Collins
The market was valued at USD 11.16 billion in 2012, and is expected to reach USD 15.90 billion by 2019, growing at a CAGR of 5.2% from 2013 to 2019. Lack of adequate power infrastructure and increasing demand for reliable electricity delivery are the major driving forces of this market.

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Majority of electronic devices and equipments cannot distinguish between normal loads and overloads. Hence, electronic devices keep drawing current until they burn themselves. Circuit breakers and fuses act as vital protecting devices by limiting and minimizing fault. However, the choice between fuses and circuit breakers are governed by space, maintenance and environmental restraints, and customer maintenance.

Globally, circuit breakers held majority of shares over fuses in 2012. This owes to emergence of smart grids and efforts taken by various governments across the globe to propose new regulations that are expected to have significant impact on energy efficiency. By voltage type, low voltage circuit breakers held majority of share over medium voltage and high voltage circuit breakers due to cost competitiveness offered by them.

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Geographically, North America dominated the circuit breakers and fuses market in 2012. This is attributed to stringent legal directives and regulations to replace old and worn out power infrastructure. However, emerging economies in Asia Pacific such as Korea, Taiwan, India, China and Japan are expected to be the fastest growing regions for circuit breakers and fuses market. This growth is majorly driven by rapid urbanization and expansion of power generation and transmission industry, construction and transportation sector among others.

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The global circuit breakers and fuses market contains numerous small scale as well as large scale players. However, General Electric held majority of shares in 2012. Major industry participants include ABB Ltd, Alstom SA, Eaton Corporation, G&W Electric Company, General Electric, Maxwell Technologies Ltd., Mitsubishi Electric, Pennsylvania Breaker LLC, Schneider Electric SA, Siemens AG, and Toshiba Corporation.

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The market has been segmented as follows:

Global Circuit Breakers and Fuses Market, by type

Circuit breakers market, by voltage level of installation

Low voltage circuit breakers

Medium voltage circuit breakers

High voltage circuit breakers

Circuit breakers market, by arc quenching media type

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Air circuit breakers

Vacuum circuit breakers

Oil circuit breakers

SF6 circuit breakers

Other media circuit breakers (CO2, DCB, and Hybrid)

Global Circuit Breakers and Fuses Market, by application

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Construction

Transport

Industrial

Consumer electronics

Power generation

Others (healthcare, military, and so on)

Global Circuit Breakers and Fuses Market, by Geography

North America

Europe

Asia Pacifi

RoW

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