Circuit Breakers and Fuses Market Forecast 2013 - 2019
- Written by Wayne Collins
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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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